Techmeme
September 5, 2023, 11:45 AM

Top News

Manya Saini / Reuters:
Filing: SoftBank prices Arm's shares at $47 and $51, aiming to raise up to $4.87B by selling 95.5M shares, for a $52B+ valuation and the biggest US IPO of 2023  —  SoftBank Group's (9984.T) Arm is aiming to raise up to $4.87 billion in the chip designer's U.S. initial public offering, a regulatory filing showed on Tuesday.
Javier Espinoza / Financial Times:
Sources: Apple and Microsoft have argued that iMessage and Bing are insufficiently popular to be designated “gatekeepers” set to be regulated under the EU's DMA  —  Battle comes ahead of publication of first list of services to be regulated under Digital Markets Act
Wall Street Journal:
How Spotify's $1B+ bet on building a podcast empire has not paid off: most shows are not profitable, debates over exclusivity, cutting original shows, and more  —  The prospect of podcast riches led to aggressive investments in celebrity deals and original programming for what appeared a sky's-the-limit media frontier
Vishal Chawla / The Block:
Visa expands its USDC stablecoin settlements to Solana, partnering with Worldpay and Nuvei for pilots, and has already moved millions of USDC via VisaNet  —  - Visa expanded its USDC stablecoin settlement capabilities to Solana, forming partnerships with Worldpay and Nuvei for pilot programs.
George Hammond / Financial Times:
Sources detail a tumultuous 12 months for Sequoia: spinning off its highly profitable Chinese arm, its FTX and Twitter bets souring, and Michael Moritz leaving  —  Silicon Valley's premier venture firm undergoes ‘profound change’ after China splits and bets on FTX and Twitter sour
Rebecca Bellan / TechCrunch:
Elon Musk threatens to file a defamation suit against the ADL for “falsely accusing” X and him of being antisemitic, and blames the ADL for X's US ad sales drop  —  In the newest uproar you might have missed, Elon Musk says X, formerly Twitter, will file a defamation lawsuit against the Anti-Defamation League.
More: The Guardian, NBC News, PCMag, New York Post, The Hill, Gizmodo, CNN, Jerusalem Post, Tech Xplore, Fortune, Axios, The Messenger, Cryptopolitan, Newser, Wccftech, SiliconANGLE, The Cosmopolitan Globalist, Deadline, Forbes, The Messenger, Insider, Tech Startups, Livemint, The Information, Coinpedia Fintech News, Bloomberg, CoinGape, and Mashable
Jessica Toonkel / Wall Street Journal:
Antenna: MLS Season Pass had 110K US signups on July 21, the day of Messi's first MLS match, up from 6,143 on July 20; July was TV+'s best signup month in 2023  —  Soccer superstar attracts over 110,000 sign-ups to MLS Season Pass on day of first game  —  Soccer superstar Lionel Messi helped drive a surge in U.S. subscriptions to
Mark Bergen / Bloomberg:
Meta plans to eliminate the Facebook News tab in the UK, France, and Germany in early December 2023 and won't sign new deals for news content in those countries  —  The company will “deprecate” the news tab — a Facebook feature to prominently display news material — for users in the UK, Germany and France.

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