February 13, 2024, 4:30 AM

Top News

Dan Mangan / CNBC:
US court notice: the sentencing of Binance CEO Changpeng Zhao for money laundering has been postponed until April 30, 2024; CZ is free on a $175M release bond  —  - The sentencing of former Binance CEO Changpeng Zhao on a money laundering rule charge has been postponed until April 30, a notice in Seattle federal court shows.
Sarah Perez / TechCrunch:
Meta begins testing “today's topics” on Threads in the US, surfaced in the app on the Search page and in the For You feed, that can feature political content  —  After acknowledging last week that Meta's X competitor Threads would not actively recommend political content …
John Archer / Forbes:
Amazon Prime Video's basic ad tier, which US subscribers who didn't pay extra were downgraded to on January 29, doesn't support Dolby Vision HDR or Dolby Atmos  —  Amazon AMZN caused a furor recently when it announced that it was introducing advertisements right across its Prime Video streaming service.
Rachel Phua / Bloomberg:
Temu bought six Super Bowl ad slots, likely for tens of millions, to win back US shoppers; US observed sales fell 12.5% MoM in December 2023 and 4.8% in January  —  - Observed sales and users fell month-on-month in Dec. and Jan.  — Chinese e-commerce app offers users $10 million in giveaways
Eleanor Olcott / Financial Times:
Sources: Temu is scooping up suppliers removed by Shein, as Shein moves to clean up its supply chain ahead of a planned US listing  —  PDD Holdings-owned marketplace gains manufacturers as fashion competitor prepares for planned IPO  —  Chinese online marketplace Temu is scooping …
Sources: Founders Fund bought $100M in bitcoin and $100M in ether from late summer to early fall 2023; the VC sold its crypto portfolio in 2022, making ~$1.8B  —  Founders Fund, the venture capital firm founded by billionaire Peter Thiel, is investing once again in bitcoin and ether …
Rebekah Valentine / IGN:
Interviews with 40+ developers detail reasons for layoffs in gaming, including an environment fraught with high costs and execs having little regard for staff  —  An estimated 10,000 game workers lost their jobs in 2023 alone.  —  In August of last year, Ascendant Studios developer Aaron …
Brandon Vigliarolo / The Register:
Cloudflare defeats a second “patent troll”, invalidating parts of three Sable Networks' patents after crowdsourcing prior art findings through Project Jengo  —  The bounty payouts may be high, but Project Jengo doesn't miss  —  When it comes to defeating patent trolls …
More: The Cloudflare Blog and WebProNews
Threads: @gergelyorosz_X: @eastdakota and @cloudflareLinkedIn: Steven CallahanForums: Hacker News
Amanda Silberling / TechCrunch:
Music encyclopedia EveryNoise, which uses Spotify data, stopped updating after Spotify laid off the employee running the site in December, pissing off its fans  —  Now, Glenn McDonald's beloved Every Noise At Once project is in jeopardy  —  On a brutal December day, 17% of Spotify employees found …
Michelle F Davis / Bloomberg:
ContextLogic agrees to sell the discount online retailer Wish for $173M to Singaporean company Qoo10; Wish had a $14B valuation after its 2020 IPO  —  The parent of discount online retailer Wish has agreed to sell its assets and liabilities for $173 million to Singaporean e-commerce company Qoo10.
Paul Sawers / TechCrunch:
Helsinki-based Bob W, an Airbnb-like marketplace for premium short-term apartment rentals, raised a €40M Series B led by Evli Growth  —  Bob W, a marketplace for premium short-term apartment rentals, has raised €40 million ($43 million) in a Series B round of funding.

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More News

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Earlier Picks

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Ben Hall / Financial Times: