January 12, 2024, 9:30 AM

Top News

Casey Newton / Platformer:
Platformer is leaving Substack and migrating to Ghost, saying it doesn't believe Substack will publicly commit to proactively removing pro-Nazi material  —  After much consideration, we have decided to move Platformer off of Substack.  Over the next few days, the publication will migrate …
LSEG: US bitcoin ETFs saw $4.6B worth of shares traded on January 11, their first day of trading; Grayscale, BlackRock, and Fidelity dominated trading volumes  —  U.S.-listed bitcoin exchange-traded funds (ETFs) saw $4.6 billion worth of shares trade hands as of Thursday afternoon …
Jesse Hamilton / CoinDesk:
Matt Levine / Bloomberg:
Alex Heath / The Verge:
Internal memo: Discord CEO Jason Citron says the company is laying off 17% of its staff, or 170 people, after growing its workforce “by 5x since 2020”  —  Discord is laying off 17 percent of its staff, a move that CEO Jason Citron said is meant to “sharpen our focus and improve …
Ivan Mehta / TechCrunch:
Google plans to allow more real-money games on the Play Store, starting with India, Brazil, and Mexico in June 2024, in compliance with local laws  —  Google announced today that the company plans to support more real-money games (RMG) on the Play Store this year by allowing more types of games in the category following local laws.
Jon Victor / The Information:
Alphabet Union says Wednesday's layoffs at Google impacted more than 1,000 people, making it the largest round of cuts since January 2023  —  A spokesman for a union representing workers at Google's owner, Alphabet, said Wednesday's layoffs at Google impacted more than 1,000 people …
Jordan Novet / CNBC:
Microsoft briefly unseated Apple as the world's most valuable publicly traded company in early trading on Thursday but closed out the day under Apple  —  - Microsoft on Thursday briefly unseated Apple as the world's most valuable publicly traded company in early trading but closed out the day under Apple.
Alanna Durkin Richer / Associated Press:
eBay will pay $3M to resolve charges over a harassment campaign by staffers who sent spiders and other disturbing items to those behind the EcommerceBytes blog  —  Online retailer eBay Inc. will pay a $3 million fine to resolve criminal charges over a harassment campaign waged by employees …
Tom Coates /
Notes on Meta's plans for Threads integration with the fediverse, which, at least superficially, the company is carrying out cautiously and in good faith  —  This is an exceptionally long post detailing pretty much everything I learned at an event shortly before Christmas at Meta's offices in San Francisco.
Juli Clover / MacRumors:
Jessica Mathews / Fortune:
An interview with Garry Tan, who confirms that Y Combinator moved its HQ from Mountain View to SF, saying “you sort of have to be in San Francisco” these days  —  Garry Tan, president, chief executive officer and cofounder of Y Combinator, during an interview on an episode of “The Circuit” at Y Combinator offices.
Leo Schwartz / Fortune:
Genesis agrees to a settlement with the NYDFS, under the terms of which it will surrender its BitLicense, cease operations in New York, and pay an $8M fine  —  The New York Department of Financial Services plans to announce later today a settlement with Genesis Global Trading …
More: CoinGeek
Shirin Ghaffary / Bloomberg:
Q&A with OpenAI COO Brad Lightcap on managing deals with publishers, launching the GPT Store, OpenAI's corporate structure, Sam Altman's departure, and more  —  The AI startup's top dealmaker is trying to convince publishers it will be a better partner than other tech companies they've clashed with over the years.
More: The Decoder

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