| Financial Times: |
UK officials say X has been less responsive to removing disinformation than Google, Meta, and TikTok, as Elon Musk launches a series of jibes at PM Keir Starmer — Social media site owner Elon Musk has also been posting jibes at UK Prime Minister Keir Starmer| Natasha Lomas / TechCrunch: |
| Kylie Robison / The Verge: |
Sources: Humane's Ai Pin and accessories have brought in $9M+ in sales and $1M+ worth of product has been returned; ~7,000 Ai Pins are still in customers' hands — Shortly after Humane released its $699 AI Pin in April, the returns started flowing in.| Chris Dolmetsch / Bloomberg: |
A US judge orders Ripple to pay a $125M penalty for selling XRP to institutional investors, well below the ~$2B the SEC had sought in the case; XRP jumps 20%+ — - Regulator had sought almost $2 billion in fines, penalties — Ripple token XRP surges on court ruling but is flat this year| Nicholas Sutrich / Android Central: |
Meta closes Ready at Dawn Studios, which it acquired in 2020 and produced VR games like Lone Echo and Echo VR, to meet the new Reality Labs budgetary ceiling — Echo VR developer Ready at Dawn Studios is now closed for business. — Updated 8/17 at 5:19pm ET: The information Android Central … | Thomas Brewster / Forbes: |
Researchers: hackers have used an 18-year-old flaw in how Safari, Chrome, and Firefox on macOS handle queries to a 0.0.0.0 IP address to breach private networks — Weaknesses in Chrome, Firefox and Safari gave hackers a route into internal networks, even those protected by firewalls, security researchers warn.| RTÉ: |
Ireland's DPC launches High Court proceedings against X over concerns about the company's use of user data in the EU and EEA to train AI systems including Grok — The Data Protection Commission has launched High Court proceedings against Twitter International Unlimited Company over concerns … | Bill Peters / MarketWatch: |
Robinhood reports Q2 revenue up 40% YoY to $682M, vs. $640M est., crypto transaction revenue up 161% to $81M, and net income of $188M, up from $25M in Q2 2023 — Cryptocurrencies revenue up 161% in second quarter, while equities revenue rises 60% — Robinhood Markets Inc. reported second … | Lily Hay Newman / Wired: |
A researcher details a Windows Update vulnerability that could be exploited to downgrade key components of Windows to older versions that contain known flaws — A researcher found a vulnerability that would let hackers strategically downgrade a target's Windows version to reexpose patched vulnerabilities.| Sarah Perez / TechCrunch: |
Meta says Facebook creators who violate Community Standards for the first time will be given the option to take a training course to remove their warning — Facebook creators are being given a new option that will help them avoid jail — “Facebook jail,” that is — upon their first violation, and at various times after.| Etan Vlessing / The Hollywood Reporter: |
Roku plans to launch a free, ad-supported 24/7 sports channel on August 12, with live Sunday MLB games, Originals, and more on its devices, apps, and website — The free, ad-supported 24/7 service will stream Major League Baseball games, the ‘The Rich Eisen Show’ talker … | Natalie Lung / Bloomberg: |
Lyft reports Q2 revenue up 41% YoY to $1.4B, Gross Bookings up 17% to $4.02B, vs. $4.07B est., and projects Q3 Gross Bookings below est.; LYFT closes down 17.2% — - Outlook miss threatens to overshadow progress to grow margins — Rideshare company posts quarterly profit for first time| Evan Gorelick / Bloomberg: |
Bumble reports Q2 revenue up 3.4% YoY to $268.6M, vs. $273.2M est., and projects 1% to 2% annual revenue growth, vs. 8.4% expected; BMBL drops 28%+ after hours — - Company projects 1% to 2% revenue growth, down from 8% to 11% — Dating firm ties lower outlook to ‘reset’ of growth strategy| Türkiye Today: |
Turkey bans Roblox, after blocking Instagram on August 2; a Turkish official said the ban was primarily related to sexual content that could lead to child abuse — Roblox, the widely popular online gaming platform, is banned in Türkiye on Wednesday, a move that comes in the wake of a nationwide block on Instagram.| Spencer Soper / Bloomberg: |
Shopify reports Q2 revenue up 21% YoY to $2.05B, vs. $2B est., Gross Merchandise Volume up 22% to $67.2B, and gross profit up 25% to $1B; SHOP closes up 17.8% — These Are the 10 AI Startups to Watch in 2024 … Quicktake| Patrick Clark / Bloomberg: |
Zillow names COO Jeremy Wacksman as CEO, replacing Rich Barton, who is stepping down to become co-executive chair; Zillow reported Q2 earnings topping estimates — - COO Wacksman will take over as chief executive officer — Housing freeze has battered company's share price this year| Emma Roth / The Verge: |
Disney CEO Bob Iger says the company's password sharing crackdown will kick off “in earnest” in September, after announcing paid sharing in February 2024 — Disney Plus will soon no longer let you share your password with people outside your household.| Todd Spangler / Variety: |
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