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June 5, 2023, 10:50 AM
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memeorandum
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| New York Times: |
Internal document: Twitter's US ad revenue from April 1 to the start of May dropped 59% YoY to $88M; sources say that performance is unlikely to improve soon — In internal forecasts, the company projected that ad sales would keep declining, handing a tough challenge to its new chief executive.
More:
PYMNTS.com, BBC, 9to5Mac, Fortune, and The Verge
Bluesky:
@chris.chabot.dev, @marisakabas.bsky.social, and @triketora.bsky.social
Tweets:
@emilybell, @eeberquist, @nprinskeep, @mattscalici, @niubi, @rmac18, @rmac18, @rmac18, @scottjshapiro, @ericswalwell, @adamkovac, @conorsen, @dicktofel, and @ritholtz
| Lawrence Abrams / BleepingComputer: |
Atomic Wallet investigates user reports of compromised accounts and tries to block stolen crypto from being sold; a researcher says the hack could exceed $35M+ — The developers of Atomic Wallet are investigating reports of large-scale theft of cryptocurrency from users' wallets, with over $35 million in crypto reportedly stolen.
More:
Finbold, Decrypt, Unchained Crypto, CSO, Cointelegraph, Coinspeaker, Inside Bitcoins, Protos, CryptoPotato, CryptoGlobe, CoinDesk, Coinpedia Fintech News, Coinmonks, Bitcoinist.com, crypto.news, Cryptopolitan, International Business Times, Micky, Infosecurity, Web3 is Going Just Great, CryptoSlate, Watcher Guru, CoinGape, and The Daily Hodl
Tweets:
@atomicwallet, @zachxbt, @atomicwallet, @atomicwallet, @zachxbt, @zachxbt, @zachxbt, @peckshieldalert, @anbessa100, and @bleepincomputer
| Jon Porter / The Verge: |
To protest API pricing for third-party Reddit apps, r/videos, r/reactiongifs, r/earthporn, and other large subreddits plan to go private on June 12 for 48 hours — Some of Reddit's biggest communities including r/videos, r/reactiongifs, r/earthporn, and r/lifeprotips are planning to set themselves …
More:
PCWorld, TechCrunch, reddit, VICE, Appuals.com, Slashdot, and Snazzy Labs on YouTube
| Bloomberg: |
Sources: Binance's Richard Teng is the frontrunner to become CEO if Changpeng Zhao steps down, as US regulatory scrutiny makes succession planning more urgent — In mid-May, cryptocurrency exchange Binance got some bad news in a far-flung corner of its sprawling universe.
More:
CoinDesk, The Block, Fortune, Reuters, Coinpedia Fintech News, Coinspeaker, Cryptonews, crypto.news, Bitcoinist.com, Cryptopolitan, Watcher Guru, CryptoSlate, CoinGape, and Bitcoin News
Tweets:
@wublockchain, @patrick_tankt, @emilyjnicolle, and @mdudas
| Reuters: |
Bank records: from 2019 to 2020, Binance executive Guangying Chen operated five Silvergate accounts belonging to Binance's purportedly independent US affiliate — A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange's purportedly …
More:
CoinDesk, PYMNTS.com, Protos, and CoinGape
Tweets:
@aaberwick, @bradydale, @northrocklp, @ben_mckenzie, @silvermanjacob, @silvermanjacob, and @smdiehl
| Cristiano Lima / Washington Post: |
Instagram reinstates Robert F. Kennedy Jr.'s account after he launched his presidential bid; he was banned in 2021 over false claims about COVID-19 and vaccines — The prominent anti-vaccine campaigner was suspended in 2021 for spreading misleading health claims.
More:
Insider, New York Post, The Hill, Bitcoinist.com, CNN, The Hill, Reuters, The Daily Caller, RADAR, Breitbart, and Deadline
Bluesky:
@kenwhite.bsky.social, @alkapdc.bsky.social, @carnage4life.bsky.social, @jetjocko.bsky.social, and @shellen.bsky.social
Tweets:
@jack, @jack, @elonmusk, @robertkennedyjr, @jonahdispatch, @ebakerwhite, @viacristiano, @azi, @robertkennedyjr, and @schmutzie. Thanks:@viacristiano
| Sahar Elhabashi / Spotify: |
Spotify cuts ~200 jobs, or 2% of its staff, at its podcast unit, combines Parcast and Gimlet into a renewed Spotify Studios, and reports 100M+ podcast listeners — Below is an adaptation of an internal update on Spotify's Podcast Business from Sahar Elhabashi, VP, Head of Podcast Business.
More:
Engadget, TechCrunch, CNBC, Bloomberg, Variety, Wall Street Journal, Tech Startups, Fortune, Deadline, The Hollywood Reporter, and NBC Bay Area
Tweets:
@zachthemack, @said_mitch, @marypcbuk, @michellemanafy, @ashleyrcarman, and @kerrymflynn
| Will Douglas Heaven / MIT Technology Review: |
A look at The Frost, a 12-minute movie created by Waymark using DALL-E 2, as startups like Waymark and Runway make AI tools for fast and cheap video production — Exclusive: Watch the world premiere of the AI-generated short film The Frost. — The Frost nails its uncanny, disconcerting vibe in its first few shots.
LinkedIn:
Theo Priestley and Niall Firth
Tweets:
@jackshafer, @siggraph, @labenz, @d_id_, @tariqkrim, @gdalmiathinks, @stephen_parker, @bildoperationen, @juliewdesign_, @rainisto, and @fabianmosele
| Forbes: |
Interviews, pitch decks, and internal documents suggest that Stability AI CEO Emad Mostaque's recent success was bolstered by exaggeration and dubious claims — Stability AI became a $1 billion company with the help of a viral AI text-to-image generator and — per interviews with more than 30 people …
More:
Emad's Blog, VentureBeat, The Information, Music Ally, The Overspill, and The Verge
Tweets:
@emostaque, @emostaque, @kenrickcai, @kenrickcai, @sarahnemerson, @emostaque, @joanwestenberg, @erichallahan, @rhodekill_, @kullar, @garrytan, @hhelafifi, @arnicas, @emostaque, @garrytan, @kenrickcai, @ravenben, @kenrickcai, @kenrickcai, @yoda, @sarthakgh, @tomgara, and @neilturkewitz. Thanks:@thealexknapp
| Jess Weatherbed / The Verge: |
Google opens a beta for passkeys on Workspace accounts, letting staff at 9M+ organizations sign in without a password, rolling out in the coming weeks — Google has taken a significant step toward a passwordless future with the start of an open beta for passkeys on Workspace accounts.
More:
Google Help Center, ZDNet, SiliconANGLE, TechCrunch, 9to5Google, TechRadar, Insider, Tom's Guide, and Help Net Security
| Madhumita Murgia / Financial Times: |
An interview with sci-fi writer Ted Chiang on AI's limits, how current machines are not conscious, his 2010 novella The Lifecycle of Software Objects, and more — The visionary author on the limits of AI, the uses of science fiction — and why there's a ‘market opportunity for volleyballs’
More:
The Verge and Daring Fireball
Tweets:
@ananyo, @joshspero, @sarahreesbrenna, @mulegirl, and @alexgroundwater
| Lawrence Abrams / BleepingComputer: |
Microsoft attributes recent zero-day attacks on the MOVEit Transfer tool to the Clop ransomware gang; responders say the gang can take weeks to issue demands — Microsoft has linked the Clop ransomware gang to recent attacks exploiting a zero-day vulnerability in the MOVEit Transfer platform to steal data from organizations.
More:
TechCrunch, The Hacker News, SecurityWeek, and Help Net Security
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Zoho:
Passkeys Week for a passwordless future: Learn how Zoho is embracing passkeys — Passkeys are the modern-day alternative authentication method that was introduced to replace traditional passwords for enhanced security and convenience.
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