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Techmeme
March 15, 2024, 10:30 PM
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Top News

New York Times:
The TikTok divestment bill's progress slows down in the Senate, as Majority Leader Chuck Schumer has not decided whether to bring the bill to the floor  —  Legislation to force TikTok's Chinese owner to sell the app or have it banned in the United States sailed through the House, but the Senate has no plans to move hastily.
Maxwell Zeff / Gizmodo:
Lawyers warn that the bill banning TikTok unless it's sold gives POTUS unchecked power to ban any app or site the President deems a “national security threat”  —  The United States could make TikTok the first app banned by law, but technology lawyers warn it won't be the last.
Mike Masnick / Techdirt:
Banning TikTok is a performative, unconstitutional, authoritarian move that won't stop China from spreading propaganda or getting Americans' data
Elena Schneider / Politico:
Some Democrats warn that a ban of TikTok, used by nearly two-thirds of Americans under 30, could imperil Biden's reelection by depressing young voter turnout
Eleanor Olcott / Financial Times:
After the House vote, Chinese officials say the US has shown “robber's logic” toward TikTok, and Washington must “stop unfairly suppressing foreign companies”
Tom Warren / The Verge:
Microsoft is again injecting pop-ups into Chrome on Windows in a bid to get users to switch to Bing, after previously pausing them citing “unintended behavior”  —  Microsoft is once again injecting pop-ups into Google's Chrome browser in a bid to get people to switch to Bing.
Jonathan Stempel / Reuters:
Apple reaches a $490M settlement to resolve a class-action lawsuit that alleged Tim Cook defrauded shareholders in 2019 by hiding falling iPhone demand in China  —  Apple (AAPL.O) has reached a $490 million settlement to resolve a class-action lawsuit that alleged Chief Executive Tim Cook …
Chance Miller / 9to5Mac:
Walmart starts selling Macs directly for the first time, partnering with Apple to sell the M1 MacBook Air for $699 a week after Apple stopped selling the laptop  —  Walmart is teaming up with Apple to sell the Mac for the first time.  In a press release today, the company said that it is now selling …
Dan Primack / Axios:
Reddit says FTC launched an inquiry into Reddit's licensing of user data to AI companies; an ex-FTC official says other companies also got such “hold letters”  —  - It also suggests that the FTC is expanding its look into AI-related deals, which previously appeared to be focused on equity investments.
Dean Takahashi / VentureBeat:
Game developer Scopely says Monopoly Go crossed $2B in revenue in February 2024, just 10 months after launching and three months after hitting $1B in revenue  —  Scopely announced that Monopoly Go has generated $2 billion in revenue just 10 months after launch and three months after hitting $1 billion.
Tom Henderson / Insider Gaming:
Leaked PS5 Pro docs mention rendering 45% faster than the PS5, 2x to 3x the ray tracing performance, and more; sources say it's set for a holiday 2024 release  —  Insider Gaming can confirm that the leaked PS5 Pro specs leaked earlier today are real and the PlayStation 5 is still tentatively targeting a 2024 holiday release.
Business Insider:
Sources: BeReal is weighing raising a Series C or being acquired, as what is left of its $90M in funding is set to run out this year and DAUs stagnate at 25M  —  - BeReal, the once-buzzy French social media app, is staring down a crossroads.  — User growth has been tough to come by …
Emma Roth / The Verge:
Uber and Lyft threaten to leave Minneapolis on May 1, after the city passed an ordinance to guarantee drivers a minimum rate of $1.40/mile and $0.5/minute  —  Uber and Lyft are pulling their services out of Minneapolis after the city council passed an ordinance that will increase drivers' pay.
Steven Levy / Wired:
Michael Seibel steps down as YC's managing director, says he did not feel disappointed when he was not tapped as CEO but would have accepted the job if offered  —  As the influential startup incubator downsizes—and navigates political pushback—managing director Michael Seibel is taking …
Bob Van Voris / Bloomberg:
Filing: prosecutors ask a judge to sentence SBF to up to 50 years in prison when he is sentenced on March 28; SBF's lawyers had suggested five to six years  —  - Prosecutors say SBF showed brazen disrespect for rule of law  — Bankman-Fried lawyers had proposed a 6 1/2-year sentence
CNN:
SCOTUS rules that public officials may block people on social media in certain circumstances, tossing aside challenges against Michigan and California officials  —  The Supreme Court ruled Friday that public officials may block people on social media in certain circumstances …

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This is a Techmeme archive page. It shows how the site appeared at 10:30 PM ET, March 15, 2024.

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From Mediagazer

Todd Spangler / Variety:
Disney+ will livestream Super Bowl LXI on February 14 in the US and 55+ international markets, providing another platform for ESPN's first Super Bowl production

Jan Wolfe / Reuters:
Democratic Party officials sue Trump to try to block his administration from using any more taxpayer money to pay for election-related TV ads

Jeremy Fuster / The Wrap:
California approves 35 films for its production incentive program, estimating that they will bring $1.08B in combined production spending to the state

More News

Manish Singh / TechCrunch:
The Competition Commission of India orders an antitrust investigation into Google for charging app developers an “unfair” Play Store service fee of 10% to 30%
Natasha Lomas / TechCrunch:
In an open letter to Nick Clegg, 36 MEPs urge Meta to scrap its “pay or okay” choice for EU users and to “align your business with the principles of the GDPR”
Bloomberg:
Vodafone sells its Italian business to Switzerland's Swisscom for €8B in cash and plans a ~€4B stock buyback; Swisscom will merge Vodafone Italia with Fastweb

Earlier Picks

Ryan Weeks / Bloomberg:
Binance CEO Richard Teng, who has been in the role for only four months, quietly spun out Binance Labs, the company's $10B venture capital arm, earlier in 2024
Wired:
A deep dive into Reddit's history and the power of its 60K+ unpaid moderators, based on interviews with 60+ current and former mods, employees, and contractors
Dan Goodin / Ars Technica:
Researchers detail how a side channel can be used to read encrypted responses from AI assistants, except Google's Gemini; OpenAI and Cloudflare made mitigations
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