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July 1, 2023, 6:15 AM
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Top News

Jess Weatherbed / The Verge:
Twitter no longer lets users browse tweets, user profiles, and comment threads on the web without logging in, redirecting Twitter URLs to the sign in page  —  If you currently try to access Twitter without logging in to your user account, you may find you're unable to see any of the content …
Hayden Field / CNBC:
Apple becomes the first publicly traded company to close with a $3T market cap; the company first hit a $3T market cap during intraday trading in January 2022  —  - Apple's market cap topped $3 trillion on Friday, passing the $190.73 share price required to hit the milestone, according to CNBC's most recent share count.
Ari Levy / CNBC:
Nasdaq gained 32% in H1 2023, its best first half since 1983's 37% rise; Nvidia is up 195%+, Meta is up 130%+, Apple and Amazon are up 50%+, Alphabet is up 34%+
NBC News:
The FBI says it formed an online database in May to prevent swatting by facilitating coordination between police departments and law enforcement agencies  —  Advances in technology allow callers to mask their voices, phone numbers or IP addresses (also called “spoofing") or make their false 911 calls sound more credible.
AnnaMaria Andriotis / Wall Street Journal:
Sources: Goldman Sachs is in talks to have American Express take over its Apple ventures, including Apple Card, Apple's “buy now, pay later” offering, and more  —  American Express in talks to take over Goldman's card deal, other ventures with tech giant
Jay Peters / The Verge:
Major third-party Reddit apps Apollo, Sync, and BaconReader shut down, as Reddit prepares to enforce its new API rate limits “shortly”  —  After a month of outrage, protests, and unrest from the community, Reddit has finally flipped the switch to shut down some third-party apps.
Emma Roth / The Verge:
The FTC proposes penalizing companies for shady review practices, including fining companies buying fake reviews up to $50K for each time a customer sees one  —  If you, too, are so very tired of not knowing which reviews to trust on the internet, we may eventually get some peace of mind.
Vicky Ge Huang / Wall Street Journal:
Sources: the US SEC told Nasdaq and Cboe that their spot bitcoin ETF applications on behalf of BlackRock and others aren't sufficiently clear and comprehensive  —  Regulator tells Nasdaq, Cboe that recent filings from BlackRock, Fidelity and others aren't clear and comprehensive
Tom Warren / The Verge:
A summary of the final day and closing arguments in the FTC v. Microsoft hearing; the FTC focused most of its case on Call of Duty and Xbox console exclusivity  —  FTC v. Microsoft is over, but who won? … Judge Jacqueline Scott Corley took the opportunity to reflect, too …
Wilfred Chan / Fast Company:
TSA plans to expand its facial recognition program to ~430 US airports, says its algorithms are 97% effective “across demographics, including dark skin tones”  —  The Transportation Security Administration (TSA) is preparing to expand its controversial facial recognition program …
Christopher Mims / Wall Street Journal:
Generative AI can make experienced programmers more productive, potentially eliminating tasks done by junior developers as companies use the tech to save money  —  Artificial-intelligence software is eating the software industry, as companies turn to generative AI tools to save money on programmers.
Matt Binder / Mashable:
Some developers paying for Twitter's API, including the $42K/month Enterprise tier, say they are experiencing outages, bugs, and poor or no customer support  —  Everything worked fine until Elon Musk took over.  —  Twitter's new API may now cost tens of thousands of dollars per month …

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This is a Techmeme archive page. It shows how the site appeared at 6:15 AM ET, July 1, 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

Variety:
AMC Networks acquires full control of BBC America, after BBC Studios sold its remaining 50.1% interest in the channel to AMC Networks for $42M in cash

Sean Burch / The Wrap:
News Corp reports Q1 revenue up 3% YoY to $2.58B, net income up 148% YoY to $144M, Dow Jones revenue up 3% YoY to $552M, and WSJ subscriptions up 7% YoY to 4.3M

Chris Roush / Talking Biz News:
Memo: Business Insider founder Henry Blodget says he is leaving BI's board, will remain an adviser and contribute occasional columns, and plans to write a novel

More News

Christian Davies / Financial Times:
YouTube removes the channels of three North Korean influencers posting about their daily life, after South Korea labelled them as “psychological warfare” tools
More: NK News and Reuters
Mastodon: @kkarhan@mstdn.social.  Twitter: @parismarx, @nknewsorg, and @realcalebmaupin
Allison Schiff / AdExchanger:
Email: ad platform MediaMath, which had raised $600M and was reportedly valued at $1B+ in 2018, plans to file for bankruptcy, after acquisition talks fell apart

Earlier Picks

David Pierce / The Verge:
Ten years after Google killed Google Reader, the team that built the much-beloved RSS app reflects on what went wrong and what could have been
Carly Page / TechCrunch:
TSMC confirms experiencing a data breach after the LockBit ransomware gang listed the company as a victim; LockBit is demanding $70M to not publish stolen data
Reuters:
The UK CMA worries Adobe's $20B Figma acquisition “could stifle innovation and lead to higher costs” and gives Adobe five days for proposals to address concerns
Daryna Antoniuk / The Record:
Hackers claim responsibility for attacking Russian satellite internet service Dozor-Teleport; the IODA project says the network went down at 10pm EST on June 28
Nitish Pahwa / Slate:
Canada may think Bill C-18 still has more room for negotiation, based on Meta's 2021 deal with Australia, but tech platforms no longer view news as valuable
Sachin Ravikumar / Reuters:
The UK amends its Online Safety Bill, requiring higher age verification standards for porn sites and holding executives personally responsible for child safety
Sergiu Gatlan / BleepingComputer:
YouTube is running a test globally that limits ad blocker users to three videos, giving them the option to turn off their tool or subscribe to YouTube Premium
Jess Weatherbed / The Verge:
Meta publishes a deep dive into how AI recommends Facebook and Instagram content, including 22 “system cards” covering AI use in Feed, Stories, Reels, and more
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