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June 16, 2023, 10:10 AM
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Top News

Jay Peters / The Verge:
Q&A: Steve Huffman says Reddit's API was “never designed to support third-party apps” and he didn't know how much the apps were “profiting off of our API”  —  Reddit is fighting for its soul. … Huffman has argued the changes are a business decision …
Katie Roof / Bloomberg:
Alphabet plans to wind down Google Domains and sell its assets, including ~10M domains, to Squarespace in Q3 2023, a source says for ~$180M; SQSP jumps 9%+  —  Alphabet Inc. is winding down its Google Domains business and selling its assets to Squarespace Inc., according to a statement Thursday.
Manya Saini / Reuters:
BlackRock files an SEC application to register its iShares Bitcoin Trust as a spot bitcoin ETF, using Coinbase Custody as its custodian  —  BlackRock (BLK.N), the world's biggest asset manager, on Thursday filed for a bitcoin exchange-traded fund (ETF) that would allow investors to get exposure …
Bloomberg:
NY AG documents: Tether once counted securities from Chinese companies among its reserves; Tether said in July 2022 that it held no Chinese commercial paper  —  Tether Holdings Ltd. once counted securities issued by Chinese companies among the reserves backing its USDT stablecoin …
CoinDesk:
France probes Binance for illegally providing digital asset services and poor money laundering checks; Binance quits Netherlands after failing to get a license  —  Binance is suspected of illegally providing digital asset services to local customers, and implementing poor money laundering checks …
Nikhilesh De / CoinDesk:
In a cease-and-desist order, Texas' securities regulator says crypto lender Abra has been insolvent for months and accuses the company of securities fraud  —  State regulators say Abra held tens of millions of dollars' worth of assets on now bankrupt platforms.
Stephen Shankland / CNET:
Intel announces its first quantum processor, Tunnel Falls, a 12-qubit chip using electrons for storing data, available to select academic and research partners  —  But before quantum physics revolutionizes computing, Intel and rivals will have to learn how to make vastly more powerful machines.
Gavin Bonshor / AnandTech:
Intel changes its chip naming scheme: drops the “i”, opts for a more straightforward Core 3, 5, and 7 structure, and puts its premium chips under an Ultra brand
Katharine Gemmell / Bloomberg:
The UK CMA clears Amazon's proposed $1.7B iRobot deal, saying acquiring the robot vacuum maker would have “no impact on competition in the UK”  —  Amazon.com Inc.'s proposed $1.7 billion deal to buy robot vacuum firm iRobot Corp. was given the all-clear by the UK's antitrust agency …
Sean Lyngaas / CNN:
CISA confirms “several” US federal government agencies “experienced intrusions” in the hack of Progress' MOVEit Transfer tool and is providing support to them  —  “Several” US federal government agencies have been hit in a global cyberattack that exploits a vulnerability in widely used software.
Bloomberg:
In a meeting with Bill Gates, Xi Jinping says China is willing to engage in tech cooperation with the US; Xi is expected to meet Antony Blinken later this week  —  President Xi Jinping said China is willing to work with the world on technology innovation and global challenges including …
Reuters:
Micron plans to invest $603M in a chip packaging facility in Xian, China; the country banned Micron's products from its critical infrastructure in May 2023  —  U.S. memory chipmaker Micron (MU.O) said on Friday it was committed to China and would invest 4.3 billion yuan ($603 million) …
Sergiu Gatlan / BleepingComputer:
The US DOJ charges a Russian national in Arizona for allegedly deploying LockBit ransomware, the third LockBit affiliate the US has charged since November 2022  —  Russian national Ruslan Magomedovich Astamirov was arrested and charged by the U.S. Justice Department for allegedly deploying LockBit ransomware …
Mia Sato / The Verge:
How the “arms race” of SEO experts has left Google Search and the web drowning in garbage text, resulting in customers and businesses failing to find each other  —  The SEO arms race has left Google and the web drowning in garbage text, with customers and businesses flailing to find each other.

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This is a Techmeme archive page. It shows how the site appeared at 10:10 AM ET, June 16, 2023.

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

Todd Spangler / Variety:
A combined DirecTV and Dish would have ~18M customers total, down 63% from the peak levels in 2016; DirecTV has ~10M pay-TV subscribers, down from 25.5M in 2016

New York Times:
CBS plans to show an onscreen QR code for the VP debate between JD Vance and Tim Walz to direct users to fact checks on the CBS News website

Nicole Sperling / New York Times:
CNN revives CNN Films, which was shut down in 2022, with plans to finance and release documentary series and films as part of an overhaul by Mark Thompson

More News

Financial Times:
Sources: OpenAI, Google, Microsoft, and Adobe have met News Corp, the NYT, and others to discuss copyright issues over LLMs and a possible subscription fee
Teo Armus / Washington Post:
Amazon officially opens Metropolitan Park in Arlington, Virginia, the first phase of HQ2, where the company has projected bringing 25,000 workers by 2030
Sylvia Varnham O'Regan / The Information:
Sources: Meta is working on ways to make the next version of LLaMA available for commercial use; the model is currently only licensed for research use

Earlier Picks

Jay Peters / The Verge:
Twitch launches a Partner Plus tier, offering a 70/30 revenue sharing split to creators who have 350+ recurring paid subscriptions for three consecutive months
Jarrett Renshaw / Reuters:
The White House says Live Nation and Ticketmaster plan to start showing consumers upfront all-in pricing in September 2023, as part of a “junk fees” crackdown
Ivan Mehta / TechCrunch:
Meta expands Instagram's Broadcast Channels globally, letting users share public, one-to-many messages, images, and other content with their followers
Nick Perry / Associated Press:
New Zealand sentences two men who ran the once wildly popular pirating website Megaupload to over two years in prison, ending an 11-year US extradition battle
Sergiu Gatlan / BleepingComputer:
Microsoft details Cadet Blizzard, a GRU hacking group behind the WhisperGate data-wiping attacks in Ukraine carried out a month before Russia's 2022 invasion
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