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Techmeme
September 14, 2023, 5:55 PM
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Top News

CNBC:
Arm closes up 24.69% to $63.59 in its Nasdaq debut, valuing the company at $65.24B, after Arm priced shares at the upper end of its expected $47 to $51 range  —  - Arm Holdings has started trading on the Nasdaq under the ticker “ARM.”  — The chip design company is valued at a steep premium relative …
Mehul Srivastava / Financial Times:
MGM was likely hacked by Scattered Spider, an English-speaking group that previously used help desk calls to get passwords and planned to hack the slot machines  —  Person claiming to represent cybercriminals explains techniques used to evade detection by casino resort company
Wall Street Journal:
Filing: Caesars confirms the casino operator was hacked via a social engineering attack on an outsourced IT support vendor; sources: Caesars paid a ~$15M ransom  —  Caesars is second major casino operator hit by hackers in recent weeks  —  paid roughly half of a $30 million ransom …
Jason Schreier / Bloomberg:
Unity cancels a town hall and closes two offices after receiving what the company says was a credible death threat, following its controversial install fee news  —  Management announced a controversial pricing decision two days ago  —  Unity Technologies Inc. canceled a planned town hall …
Neil Long / Mobilegamer.biz:
Sources: Unity offered a 100% Runtime Fee waiver to studios using its LevelPlay mediation platform and 80% to 100% waivers to developers switching from AppLovin  —  Unity is quietly offering developers a Runtime Fee waiver if they switch to its LevelPlay mediation platform, we're told.
Kat Bailey / IGN:
Unity acknowledges “the confusion and frustration” around its planned install fees but argues that “more than 90% of our customers will not be affected”
Nicole Nguyen / Wall Street Journal:
Google plans to offer Chromebook software updates for up to 10 years, starting in 2024, so no current device expires within the next two years, to help schools  —  With the change, no existing Chromebook will have to expire within the next two years  —  Google is working to push …
Monica Chin / The Verge:
HP unveils the $5,000+ Spectre Fold, an OLED foldable PC that can be used as a 17-inch tablet, a 17-inch laptop, or a 12.3-inch laptop and weighs less than 3lbs  —  Over the past few years, companies across the PC space have been engaged in a slow, but steady race to build a foldable laptop that people might actually want to buy.
Sam Rutherford / Engadget:
Hands-on with the HP Spectre Fold: a striking design, slim bezels, a 17-inch 2560 x 1920 OLED display, an 8.5mm body, an Intel i7-1250U, 16GB of RAM, and more
Bloomberg:
How Joseph Bankman and Barbara Fried, both renowned Stanford scholars, opened doors for their son, Sam, and provided a halo effect for FTX before its implosion  —  Joseph Bankman and Barbara Fried, both renowned Stanford scholars, opened doors for their son and provided a halo effect for his company.
Washington Post:
Day two of Google's trial: Apple complained the DOJ may have violated confidentiality rules, after the DOJ said Google paid Apple $4B to $7B for search in 2020  —  Protection of trade secrets versus transparency has been a major debate between Google and activists in the case
Steven Rosenbush / Wall Street Journal:
Microsoft and Oracle expand their cloud partnership with Oracle Database@Azure, which lets users access Oracle services on Oracle Cloud Infrastructure in Azure  —  The new level of collaboration reflects how technology and customer demand have fostered more cooperation among software companies
Sarah Perez / TechCrunch:
Automattic releases ActivityPub 1.0.0 for WordPress, letting fediverse users follow WordPress blogs on apps like Mastodon and receive replies as blog comments  —  In March, WordPress.com owner Automattic made a commitment to the fediverse — the decentralized social networks that include …
Jay Peters / The Verge:
Meta expands Horizon Worlds, previously exclusive to its VR headsets, to the web and Android in early access, and rolling out to iOS “in the coming weeks”  —  Meta is finally bringing Horizon Worlds out of virtual reality.  The 3D social platform has previously been exclusive to its VR headsets …
Bloomberg:
SCOTUS pauses a lower court's order limiting the White House, FBI, and public health agencies from making social media requests, hours after the DOJ's request  —  - Administrative stay lets government keep communicating freely  — Alito order comes hours after Justice Department filed request
Maria Heeter / The Information:
Sources: in H1 2023, Flexport burned ~$300M and its revenue fell nearly 70% to $700M; founder Ryan Petersen, back as the CEO, says Flexport has $1B+ in net cash  —  Flexport's revenue fell nearly 70% in the first half of the year to $700 million and the company burned through cash, people familiar with the company's financials said.
Alex Wilhelm / TechCrunch:
Databricks raised a $500M+ Series I at a $43B valuation, after raising $1.6B at a $38B valuation in August 2021, before a possible IPO, and reports 10K+ clients  —  Data analytics and AI software maker Databricks has raised a Series I round worth more than $500 million, earning a valuation of $43 billion.
Brody Ford / Bloomberg:
Adobe reports Q3 revenue up 10% YoY to $4.89B, vs. $4.87B est., Digital Media revenue up 11% YoY to $3.59B, and Digital Experience revenue up 10% YoY to $1.23B  —  Adobe Inc. provided a sales outlook that met analysts' expectations, but disappointed investors who expected demand …

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This is a Techmeme archive page. It shows how the site appeared at 5:55 PM ET, September 14, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Jasper Ward / Reuters:
Filing: a US judge dismisses with prejudice Trump's defamation lawsuit against Wall Street Journal regarding a birthday card to Jeffrey Epstein signed by Trump

Shaun Walker / The Guardian:
The closure of Novaya Gazeta “is not just our own story; it is the story of a country and a society that are being systematically crushed”, said its EIC

Frédéric Durand / What's on Netflix:
Netflix's engagement problems can't be solved by focusing on “quality”, wide theatrical runs, or weekly releases; instead, more original content is needed

More News

Taylor Lorenz / Rolling Stone:
Extremely Online book excerpt: how Julia Allison invented the concept of a content creator in the mid-2000s, for which journalists and others villainized her
Tyler Cowen / Bloomberg:
Child content creators, or “kidfluencers”, some of whom make $20M+/year, show that protecting kids from labor exploitation is difficult in the social media age

Earlier Picks

Mariana Lenharo / Nature:
Researchers develop RETFound, an AI tool capable of predicting the risk of ocular diseases, heart failure, Parkinson's disease, and more based on retinal images
Alex Ivanovs / Stack Diary:
Chrome, Firefox, Brave, and Edge get updates to address an actively exploited flaw in the WebP Codec's library libwebp; many non-browser apps are also affected
Reuters:
The US SEC says the creator of Stoner Cats NFTs, which raised $8.2M, agreed to pay a $1M fine for an unregistered offering and plans to return investors' money
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