Techmeme
February 23, 2024, 7:20 AM

Top News

Jonathan Vanian / CNBC:
Reddit files to list its IPO on the NYSE, reporting revenue up 20% YoY to $804M in 2023, net loss down 43% YoY to $90.8M, 73M DAUs, and a $3.42 global ARPU  —  - Reddit on Thursday filed to go public.  — Its market debut will mark the first major tech initial public offering of the year …
The Verge:
Reddit plans to give some of its top users, including moderators and those with high karma scores, the chance to buy shares in its IPO  —  However, the company is unprofitable, with a net loss of $90.8 million in 2023.  —  In an unusual twist, Reddit is also giving a number of its top users …
Alex Weprin / The Hollywood Reporter:
Abner Li / 9to5Google:
Jessica Lyons / The Register:
Filing: UnitedHealth says a “suspected nation-state” actor had access to systems of IT provider Change Healthcare, prompting an outage at pharmacies in the US  —  Prescription orders hit after IT supplier Change Healthcare pulls plug on systems  —  UPDATED IT provider Change Healthcare …
ABC News:
Sean Hollister / The Verge:
Microsoft announces Generative Erase for the Photos app on Windows 10 and higher, which will allow users to remove objects and people from images using AI  —  Google and Samsung aren't the only ones baking magical AI selective photo erasers into their devices — they're about to become table stakes for Windows PCs too.
Sarah Perez / TechCrunch:
Bluesky opens up federation, letting anyone run their own server that connects to Bluesky's network, which uses the AT Protocol; Mastodon uses ActivityPub  —  Social network Bluesky, a competitor to X, Threads, Mastodon, and others, is opening up its doors with today's news that the network …
Ismail Shakil / Reuters:
The US FTC says Avast needs to pay $16.5M and stop selling web browsing data for ads to settle charges that the UK company misrepresented its use of such data  —  Software provider Avast Plc will need to pay $16.5 million and stop selling any web browsing data for advertising purposes …
Mark Tyson / Tom's Hardware:
Samsung says the Galaxy Book4 series, with Intel Core Ultra chips and AMOLED touchscreens, will be available in the US, the UK, and other markets on February 26  —  The Galaxy Book 4 Ultra, Book 4 Pro, and Book 4 Pro 360 are all coming soon.  —  Samsung has announced that its first AI PC series will become available son Feb. 26.
Hannah Lang / Reuters:
Block reports Q4 revenue up 24% YoY to $5.77B, Square profit up 18% YoY, Cash App profit up 25% YoY, and forecasts Q1 adjusted EBITDA above est.; SQ jumps 12%+  —  Jack Dorsey-led Block (SQ.N) on Thursday forecast adjusted core earnings for the current quarter above Wall Street estimates …
Dietrich Knauth / Reuters:
A US judge says FTX can sell its Anthropic shares after FTX reached a compromise with its customers opposing the sale; FTX invested $500M in Anthropic in 2021  —  Bankrupt crypto exchange FTX may sell its shares in artificial intelligence startup Anthropic, a U.S. judge ruled Thursday.

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More News

Lauren Goode / Wired:
Ivan Mehta / TechCrunch:
Sheila Dang / Reuters:
Abner Li / 9to5Google:
Jess Weatherbed / The Verge:

Earlier Picks

Financial Times:
Dr Richard Fletcher / Reuters Institute for the Study of Journalism:
Sean Michael Kerner / VentureBeat:
Tom Warren / The Verge:
Jake Rudnitsky / Bloomberg:
Carly Page / TechCrunch: