Techmeme
November 10, 2023, 1:05 PM

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:
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:
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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Earlier Picks

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