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November 10, 2023, 1:05 PM
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Top News

Adi Robertson / The Verge:
Memo: Tumblr is downscaling its ambitions after failing to reach its goals for a new audience and plans to focus on the website's “core functionality” in 2024  —  Tumblr is downscaling its ambitions after failing to reach goals for a new audience, aiming to move some staff members …
Bill Toulas / BleepingComputer:
Microsoft says the Clop ransomware group is exploiting a zero-day in IT support tool SysAid in “limited” attacks to access corporate servers and deploy Clop  —  Threat actors are exploiting a zero-day vulnerability in the service management software SysAid to gain access …
Decrypt:
Justin Sun's crypto exchange Poloniex says hackers stole $126M+ worth of crypto assets and that the company is working with other exchanges to recover the funds  —  Poloniex, a crypto exchange owned by Tron founder Justin Sun, has seen more than $126 million worth of crypto assets exit …
Jason Schreier / Bloomberg:
After critics pan Activision Blizzard's Call of Duty: Modern Warfare III, sources blame a rushed 16-month development cycle, vs. three years for past CoD titles  —  Game is the first in the series after Microsoft's big acquisition.  —  The latest entry in Activision Blizzard's popular Call …
Cheng Leng / Financial Times:
The Chinese foreign ministry says ICBC is trying to minimize losses after the ransomware attack, which a source says is “limited in impact and almost resolved”  —  Hack at Chinese bank's arm disrupted market for US Treasuries on Thursday  —  The Industrial and Commercial Bank …
Bloomberg:
Experts say LockBit is behind the Industrial and Commercial Bank of China hack, a “ransomware as a service” group that hacked the UK's Royal Mail, among others  —  - LockBit is what's known as a ‘ransomware as a service’ group  — It is one of the most prolific ransomware attackers in world
Financial Times:
A ransomware attack stopped the Industrial and Commercial Bank of China, the country's largest bank, from settling US Treasury and some equity trades
Wall Street Journal:
Sources: Meta strikes a preliminary deal with Tencent to sell a new, lower-priced VR headset in China in late 2024, 15 years after the country shut out Facebook  —  Chinese videogame maker Tencent agrees to start selling a new lower-cost headset from Meta late next year
Michael Kan / PCMag:
Qualcomm ends its Iridium partnership to bring satellite connectivity to Android phones, started in January 2023, after low adoption by smartphone manufacturers  —  However, Iridium says it's now free to talk with other smartphone and chip vendors on enabling another satellite connectivity deal.
Amanda Hoover / Wired:
Omegle was forced to shut down as part of a settlement with a user who sued the chat website company claiming its design let her be sexually abused since age 11  —  Omegle connected strangers to one another and had a long-standing problem of pairing minors with sexual predators.  A legal settlement took it down.
Manish Singh / TechCrunch:
Omegle, a service founded in 2009 for chatting with strangers, shuts down; founder Leif K-Brooks blames rising misuse, including in committing “heinous crimes”
David Attlee / Cointelegraph:
All 38 OECD members and nine other countries issue a joint pledge to “swiftly transpose” the OECD's Crypto-Asset Reporting Framework into their domestic laws  —  The Crypto-Asset Reporting Framework is the new international standard for the automatic exchange of information between tax authorities.
Sean Hollister / The Verge:
Epic v. Google: internal documents show that Google offered to only take a 10% cut of Netflix's in-app payments on Android in 2017; Netflix didn't take the deal  —  Netflix did, too.  —  In 2017, Google offered Netflix a special discounted rate of 10 percent of its in-app payments on Android …
Daniel Wiessner / Reuters:
Apple agrees to pay $25M to settle the US DOJ's claims that the company illegally favored immigrant workers over citizens and green card holders for some jobs  —  Apple Inc (AAPL.O) will pay $25 million to settle claims by the U.S. Department of Justice that the company illegally favored immigrant workers …
Jordan Novet / CNBC:
Unity reports Q3 revenue up 69% YoY to $544.2M, missing $553.7M est. partly due to the fallout from new rules on video games in China, and a $124.1M net loss  —  - Unity's revenue growth fell short of estimates, partly because of fallout from new rules on video games in China.
Om Malik / On my Om:
Q&A with Humane President Imran Chaudhri on lessons learned at Apple, keeping a positive tech outlook, Ai Pin privacy concerns, platform transitions, and more  —  Imran Chaudhri spent two decades at Apple, working alongside Steve Jobs.  It was at Apple where he met Bethany Bongiorno …

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This is a Techmeme archive page. It shows how the site appeared at 1:05 PM ET, November 10, 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

New York Times:
Sources: Sony Pictures and Apollo Global formally express interest in acquiring Paramount for ~$26B; Paramount's negotiating period with Skydance ends May 3

Andrew Marchand / The Athletic:
Sources: MLB is in advanced talks to make Roku the new home for Sunday morning baseball this season, in what would be Roku's first major live rights deal

Lucas Shaw / Bloomberg:
Sources: the NBA is close to signing deals that would pay the league ~$76B over 11 years, including $2.6B and $1.8B a year from Disney and Amazon, respectively

More News

Madhumita Murgia / Financial Times:
The UK's NHS is using the National Liver Offering Scheme, a predictive scoring algorithm found to have a fatal error, to help decide who gets a liver transplant
Dean Takahashi / VentureBeat:
Helsinki-based Noice, a game livestreaming service that lets viewers participate in the gameplay experience, raised a $21M Series A

Earlier Picks

Soma Biswas / Wall Street Journal:
A bankruptcy court lets Celsius Network end its bankruptcy case, return most of its deposits back to users, and form a new company focused on mining and staking
Bloomberg:
Amazon and Meta are testing a feature that shows US shoppers real-time prices and lets them buy products on Amazon directly from ads on Instagram and Facebook
Kyle Wiggers / TechCrunch:
OpenAI announces Data Partnerships to collaborate with organizations to build public and private datasets that “reflect human society” for AI model training
Sean Hollister / The Verge:
A review of Valve's $549 Steam Deck OLED: a great screen, a longer battery life, and better ergonomics, but refresh rate issues and the platform is not stable
Taras Buria / Neowin:
Microsoft says OneDrive users won't be asked for feedback when quitting the app on Windows and that this type of feedback helps teams improve the product
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