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Techmeme
November 11, 2024, 6:05 PM
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Top News

James Van Straten / CoinDesk:
Bitcoin passes $88K, a new record, adding almost $20K in under a week; Tesla jumped 8.96% today, while Meta, Apple, Nvidia, Amazon, Microsoft were down slightly  —  Gold and most of the so-called magnificent seven tech stocks are down on the day.  — Bitcoin touched a record-high $85,000 …
Adam James / The Block:
MicroStrategy says it bought 27,200 BTC for ~$2.03B in cash at ~$74,463 per coin from October 31 to November 10, 2024, taking its total holding to 279,420 BTC  —  - MicroStrategy added approximately 27,200 bitcoin for roughly $2.03 billion in cash at an estimated $74,463 per coin.
a16z crypto:
a16z says it is “very optimistic” that the US government will “foster innovation” in crypto and there is a “pathway for constructive engagement” with regulators  —  Miles Jennings Michele Korver Brian Quintenz  —  We've been flooded with crypto founders asking us …
Reuters:
Ilya Sutskever says “we're back in the age of wonder and discovery” as AI companies focus on pre-training, inference improvements, and finding the “next thing”  —  Artificial intelligence companies like OpenAI are seeking to overcome unexpected delays and challenges …
Emily Nicolle / Bloomberg:
FTX sues Binance and former CEO Changpeng Zhao, seeking to claw back almost $1.8B it alleges Sam Bankman-Fried fraudulently transferred in a July 2021 deal  —  Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison.
Greg Bensinger / Reuters:
Sources: Amazon is developing smart glasses that would guide its delivery drivers to, around, and within buildings, but the tech may take years to perfect  —  Amazon (AMZN.O) is developing smart eyeglasses for its delivery drivers to guide them to, around and within buildings …
Jowi Morales / Tom's Hardware:
LG Display shows off a stretchable display prototype that can expand by up to 50%, more than doubling the previous record of 20% elongation  —  This stretchable display unlocks an infinite number of possibilities.  —  LG Display, one of the global leaders in display technologies …
Emma Roth / The Verge:
iOS 18.2 public beta introduces Share Item Location, letting users share a link with the location of AirTags or Find My accessories with airlines and others  —  Apple will now let you share the location of a lost AirTag with other people.  The Find My feature, called Share Item Location …
Lucia Moses / Business Insider:
The NYT says the Tech Guild is ending its strike after a weeklong stoppage; during the strike, dozens of tech workers crossed the picket line  —  New York Times tech workers are ending their strike after a weeklong stoppage.  — The strike threatened to disrupt election coverage but had limited impact on the Times' operations.
The Information:
Sources: more than a year before the election, TikTok execs revamped moderation rules and trust and safety staff to make TikTok more appealing to Trump fans  —  More than a year before Donald Trump's landslide victory in last week's presidential election, TikTok's top leaders insisted …
Mark Gurman / Bloomberg:
Apple's future growth may come from several new Watch- or iPad-level businesses; visionOS 2.2's ultrawide Mac display mode is the Vision Pro's first killer app  —  Apple may never find another product with as much revenue potential as the iPhone, but it can still thrive with several new Apple Watch- or iPad-level businesses.
Michael Burkhardt / 9to5Mac:
Gurman: Apple may release its second-generation Vision Pro between fall 2025 and spring 2026, and it could feature an M5 around when the first Macs get the chip

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This is a Techmeme archive page. It shows how the site appeared at 6:05 PM ET, November 11, 2024.

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From Mediagazer

Salon:
Salon, launched in 1995 to cover politics, culture, and more, says it is closing: “business realities of independent digital journalism have changed profoundly”

A.J. Katz / The Wrap:
LIV Golf is shutting down after five years and over $5B in Saudi backing, ending its efforts to build a TV audience on Fox and, before that, The CW

Matthew Keys / TheDesk.net:
Nexstar reports Q3 net income up 285% YoY to $250M and net revenue up 78% YoY to $2.1B, as Q3 political ads brought in $317M; results include Tegna numbers

More News

Earlier Picks

Taylor Lorenz / User Mag:
Threads becoming inundated with liberal election fraud conspiracies highlights the shift toward a “post-truth” online landscape across the political spectrum
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