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August 15, 2022, 7:25 AM
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Mark Gurman / Bloomberg:
Sources: Apple ads team lead Todd Teresi now reports directly to Eddy Cue and wants to increase the group's ad revenues from $4B per year to double digits  —  Apple is set to expand ads to new areas of your iPhone and iPad in search of its next big revenue driver.
Tiffany Hsu / New York Times:
Ahead of the US midterms, a look at TikTok's ongoing struggles to contain misinformation during elections, such as in Australia, France, and Kenya this year  —  The fast-growing platform's poor track record during recent voting abroad does not bode well for elections in the U.S., researchers said.
David McCabe / New York Times:
A look at the growing bipartisan scrutiny of TikTok in the US; email: House officials told staff they did not recommend using the app, citing security concerns  —  National security concerns over the Chinese-owned viral video app remain unresolved.  Lawmakers and regulators are increasingly pushing for action.
Emma Roth / The Verge:
Uber plans to end its free loyalty program Uber Rewards on November 1, 2022, to focus on its new Uber One membership program for $10 per month or $100 per year  —  You have until October 31st to spend your leftover Uber Rewards points  —  Uber is ending its free loyalty program, Uber Rewards …
Lucy Harley-McKeown / The Block:
Galaxy Digital terminates its $1.2B acquisition of crypto custodian BitGo, announced in May 2021, after the service failed to provide audited statements  —  - Galaxy Digital announced on Monday that it would terminate its deal with crypto custodian BitGo, which had been announced in May 2021.
Bloomberg:
Analysis: Google Maps in the US regularly misleads people looking for abortion providers, instead pointing them towards non-medical crisis pregnancy centers  —  Chey was a 19-year-old college sophomore living near Orlando, Florida, when she discovered she was pregnant and decided to have an abortion.
Kyle Wiggers / TechCrunch:
New York City-based Kumospace, which offers video chat and remote work tools with a “virtual office” feel, has raised a $21M Series A led by Lightspeed  —  After more than two years of remote work, many employees have no interest in returning to the office — at least not without good reason.
Wall Street Journal:
The US' $42.5B broadband budget for underserved areas is withheld until the FCC makes new service maps, which aren't expected by rural providers until late 2023  —  The $42 billion broadband plan is slowed by lack of accurate maps showing gaps in service  —  WASHINGTON—The government's …
Bobby Kent / GameLuster:
Court docs in Brazil show Microsoft sold approximately 58.5M Xbox One units in total, or half of the PS4's 117.2M sales; Microsoft has long hidden sales figures  —  A high-profile case is ongoing in Brazil, as Microsoft attempts to defend its Activision Blizzard acquisition from CADE, the Brazilian competition authority.
Andrew Hill / Financial Times:
A look at the UK's beleaguered semiconductor industry, which has withered since the 1980s, and efforts to revive domestic production amid a global supply crunch  —  Richard Rogers' buildings are known for their inside-out architecture.  The Inmos microprocessor factory in Newport, south Wales, completed in 1982, is no exception.

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This is a Techmeme archive page. It shows how the site appeared at 7:25 AM ET, August 15, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Michael S. Rosenwald / New York Times:
Mike Shatzkin, a publishing consultant who was among the first in the industry to shake publishers into confronting the digital disruption, died on Nov. 7 at 77

Peter White / Deadline:
Fox and Hulu extend their content partnership, including in-season streaming rights for Fox's programming; sources: the deal is worth $1.5B over four years

Peter Kafka / Business Insider:
A Q&A with Chris Balfe, CEO of Red Seat Ventures, which has helped Tucker Carlson and Megyn Kelly set up their podcast and streaming businesses and sell ads

More News

Cissy Zhou / Nikkei Asia:
Source: China has blocked Tencent-backed health platform DXY from posting on Weibo, WeChat, and Douyin amid its criticism of China's efforts to fight COVID-19

Earlier Picks

Chris Metinko / Crunchbase News:
Brooklyn-based Overtime, which shares original sports content on social media, raised a $100M Series D at a $500M valuation, bringing its total funding to $250M
Freddy Brewster / Los Angeles Times:
A look at Sam Bankman-Fried's US lobbying to make the CFTC, not the SEC, oversee crypto markets and change how commodity futures markets operate in the US
Kyle Wiggers / TechCrunch:
Stable Diffusion, a DALL-E 2-like system now available to 1K+ researchers, raises tricky ethical questions by allowing depictions of public figures and more
Yogita Khatri / The Block:
Dutch authorities arrest a Tornado Cash developer suspected of involvement in concealing money laundering, two days after the US sanctioned the crypto mixer
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