Techmeme
February 21, 2025, 7:05 AM

Top News

Emily Birnbaum / Bloomberg:
FTC Chair Andrew Ferguson announces an inquiry into “Big Tech censorship”, which he says is “un-American” and “potentially illegal”  —  - FTC Chair Ferguson invites public comment about tech platforms  — Conservatives claim ideas, affiliations have been censored
Benj Edwards / Ars Technica:
Microsoft researchers introduce Magma, an AI foundation model that combines visual and language processing to control software interfaces and robotic systems  —  On Wednesday, Microsoft Research introduced Magma, an integrated AI foundation model that combines visual and language processing …
MacKenzie Sigalos / CNBC:
Block reports Q4 revenue up 4.5% YoY to $6.03B vs. $6.29B est., gross profit up 14% to $2.31B, Cash App gross profit up 16% to $1.38B; XYZ drops 6%+ after hours  —  Block reported fourth-quarter results on Thursday that fell short of Wall Street expectations.  The stock dropped more than 7% in extended trading.
Ian Carlos Campbell / Engadget:
Meta says US users over 18 can now sign up to be a Community Notes contributor on Facebook, Instagram, and Threads; notes will have a 500-character limit  —  The company is replacing third-party fact-checking with Community Notes on Threads, Instagram and Facebook.
Jonathan Vanian / CNBC:
Filing: Meta approves raising executives' annual bonuses to 200% of base salary, up from 75%, as most employees' annual stock options are reportedly cut by ~10%  —  Executives at Meta stand to get bigger bonuses this year.  —  The company said in a corporate filing Thursday that it had approved …
Ashley Carman / Bloomberg:
YouTube plans to add a “premium lite” tier, a source says for the US, Australia, Germany, and Thailand, offering podcasts without ads and music videos with ads  —  - The service will continue to put ads in music videos  — The tier will launch in areas that include the US, Australia
Matt Novak / Gizmodo:
Sarah Perez / TechCrunch:
Amazon plans to end support for its videoconferencing tool Chime on February 20, 2026; report: Amazon is adopting Zoom as its standard app for internal meetings  —  Amazon Chime, the tech giant's underwhelming alternative to Zoom and Google Meet, is shutting down for good.
Ben Lang / Road to VR:
Meta announces a $50M creator fund for Horizon Worlds; CTO Andrew Bosworth reportedly told staff that 2025 is a make-or-break year for Meta's XR ambitions  —  Meta today announced a $50 million fund to incentivize the creation of new and improved content in Horizon Worlds, the company's first-party social gaming platform.
New York Times:
Sources: the Trump administration targets officials fighting foreign interference in US elections, focused on those combating cyberattacks and false content  —  The Trump administration has reassigned or forced out several dozen government employees who had been working to fight foreign interference …

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