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September 14, 2023, 7:15 AM
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| Dan Primack / Axios: |
Arm prices its 95.5M shares at $51 a piece, raising $4.87B in 2023's largest IPO so far and giving the company a fully diluted valuation of ~$54.5B — Arm, the British chip design giant controlled by SoftBank, has raised nearly $5 billion in its initial public offering.
More: CNBC, Tech Monitor, TNW, Wall Street Journal, Bloomberg, Arm, CNBC, Financial Times, Coinspeaker, BBC, Business Post, Reuters, VentureBeat, The Information, Bloomberg, Wccftech, SiliconANGLE, PC Games Insider, Nikkei Asia, New York Times, San Francisco Business Journal, Quartz, MarketWatch, Barron's Online, Reuters, and Bloomberg
| Suzanne Rowan Kelleher / Forbes: |
MGM Resorts' website is still down over 60 hours after being hit by a cyberattack; ransomware-as-a-service group ALPHV, aka BlackCat, reportedly took credit — The ALPHV/BlackCat ransomware group claimed responsibility for a breach that began, of all places, on LinkedIn.
More: Engadget, CNBC, Hackread, Gizmodo, Infosecurity, SiliconANGLE, Cybernews.com, USA Today, and WANE-TV
Mastodon: @zackwhittaker@mastodon.social, @GossiTheDog@cyberplace.social, @racheltobac@infosec.exchange, @da_667@infosec.exchange, and @hn50@social.lansky.name
LinkedIn: Noah Stanford and Christina Lekati
| William Turton / Bloomberg: |
Sources: Caesars Entertainment paid tens of millions of dollars to hackers who breached the company's systems in recent weeks and threatened to release the data — - Hackers stole data, extorted company, people familiar said — Caesars breach came in weeks before MGM announced cyberattack
More: Engadget, Wall Street Journal, Benzinga, Fox 5 Las Vegas, iTnews, PYMNTS.com, Casino.org, Fortune, and Reuters
| Alex Ivanovs / Stack Diary: |
Chrome, Firefox, Brave, and Edge get updates to address an actively exploited flaw in the WebP Codec's library libwebp; many non-browser apps are also affected — A significant vulnerability in the WebP Codec has been unearthed, prompting major browser vendors, including Google and Mozilla …
More: Krebs on Security, Google Chrome Releases, Ars Technica, Mozilla, National Vulnerability …, The Verge, Ghacks, TechRadar, SecurityWeek, SC Media, and BleepingComputer
Mastodon: @tommorris@mastodon.social, @shlee@aus.social, @pootriarch@eldritch.cafe, and @PaulCzege@dice.camp
X: @kwilsonmg, @blackorbird, @stackdiary, @reversetor, @codepo8, @mkupperman, @stackdiary, and @reversetor
LinkedIn: Brian Krebs and Drex DeFord
Forums: Hacker News and Slashdot
| Kat Bailey / IGN: |
Unity acknowledges the “confusion and frustration” about its planned install fees but argues that “more than 90% of our customers will not be affected” — Platform holder claims “90 percent of users” won't be affected by change. — Game developers are still furious …
More: Game Developer, Computer, Enhance!, Rock, Paper, Shotgun, Ghacks, Eurogamer.net, DEVCLASS, Push Square, Decrypt, and TweakTown
X: @unity, @megacrit, @izumi_niche, @aggrocrabgames, @merrykish, @konjak, @papapishu, @georgebsocial, @kommanderkarl, @oysterfake, @tafferking451, @zenofdesign, @ricardojuchem, @daveoshry, @cmuratori, @kriswolfheart, @falconeerdev, @razzadoop, @wickedinsignia, @nintendrew_, @dominictarason, @dylancuthbert, @theswweet, @tomwarren, @tafferking451, @kerissakti, @agrumpyfox, @dark1x, @theactman_yt, @emiliana_vt, @tighesammy, @repiteo, @duskdev, @tianipixel, @ordinarygamers, @polymarsyt, @gamemakerengine, @ckunzelman, @tha_rami, @smashynick, @smashynick, @smashynick, @mode7games, @georgebsocial, @chrisdeleon, @nukefist, @kurtruslfanclub, @stephentotilo, @campster, @cabel, @quinnypig, @paultassi, @jmrivera02, @docsquiddy, @honestduane, and @mikedrucker. Forums: r/gamedev
| Jez Corden / Windows Central: |
More: Game Developer, garry.net, Ars Technica, Axios, 404 Media, GamesIndustry.biz, Unity Forum, TechNode, Gamereactor UK, GamingBolt, GoNintendo, Video Games Chronicle, GameSpot, and ExtremeTech
Threads: @quillmatiq, @migueldeicaza, @tomwarrenuk, and @joreljordan
Mastodon: @segphault@mastodon.social, @gamingonlinux@mastodon.social, @wiverson@mas.to, @vampiress@eigenmagic.net, @shibacomputer@post.lurk.org, @Toadsanime@mas.to, and @vampiress@eigenmagic.net
Bluesky: @carlivelocci.com, @holdenlink.bsky.social, and @syus.bsky.social
X: @aggrocrabgames, @innerslothdevs, @unity, @stephentotilo, @massivemonster, @mikeisaac, @tomwarren, @tkexpress11, @desolusdev, @writnelson, @scotttrichmond, @eric_seufert, @eric_seufert, @henryhoffman, @tha_rami, @samueldeats, @madewithgodot, @tempolabgames, @dgoodayle, @zaccacts, @jesawyer, @necrosofty, @tafferking451, @mikeisaac, @docsquiddy, @theswweet, @adamatomic, @willmesilane, @madscientist212, @tha_rami, @patstaresat, @chrisdeleon, @jacobjanerka, @duskdev, @necrosofty, @succinct_punchy, @mkatorin, @alexstrook, @larsiusprime, @komegatze, @kriswolfheart, @stephentotilo, @tha_rami, @lazerwalker, @dominictarason, @lazerwalker, @edmondtran, @mortredenjoyer, @kriswolfheart, @kenneynl, @comrade_waluigi, @unity, @mikeisaac, @kurtruslfanclub, @pimdewitte, @chronotope, @henryhoffman, @migueldeicaza, @philippseifried, @alykkat, and @stephentotilo. LinkedIn: Rami Ismail
| Wall Street Journal: |
The US Senate's AI Insight Forum: Elon Musk warned of AI risks, Mark Zuckerberg defended open source, all guests agreed the US needs to regulate AI, and more — Tech leaders debate perils and possibilities of artificial intelligence at closed-door Senate session
More: New York Times, Meta, NBC News, Axios, MediaNama, Bloomberg, Senate Democratic Leadership, CNBC, International Business Times, Reuters, The Verge, SiliconANGLE, SecurityWeek, The Information, Social Media Today, Fox Business, CNN, New York Post, Insider, The Hill, Fox News, The US Sun, ABC News, Axios, The Guardian, CIO Dive, Washington Post, Nextgov/FCW, and NPR
Threads: @senatorlujan, @senatorlujan, and @senatorlujan
| Louise Matsakis / Semafor: |
Google cuts hundreds from its global recruiting team, saying “the volume of requests for our recruiters has gone down”, but plans to keep a significant majority — Google is laying off hundreds of people across its global recruiting team as hiring at the tech giant continues to slow.| Sarah Perez / TechCrunch: |
Amazon announces generative AI tools to help sellers write “captivating product descriptions, titles, and listing details” and add to existing descriptions — Amazon today introduced a new set of generative AI tools aimed at sellers which the retailer says will simplify the process of creating product listings.
More: About Amazon, The Register, Inc42 Media, Coinspeaker, BGR, Tech News Outlet, PYMNTS.com, ChannelX, Search Engine Journal, CNBC, SlashGear, Engadget, and PCMag
| Helene Braun / CoinDesk: |
A US judge says FTX can now sell, stake, and hedge its crypto holding, estimated to be worth $3.4B+, including $1.16B in solana, to repay creditors — Lawyers of FTX had submitted a filing with the U.S. Bankruptcy Court for the District of Delaware, asking for permission to sell …
More: Reuters, Unchained Crypto, The Crypto Basic, Coinspeaker, Cryptonews, CCN.com, PYMNTS.com, crypto.news, Bitcoin News, and Bloomberg. Forums: r/CryptoCurrency
| Taylor Lorenz / Rolling Stone: |
Extremely Online book excerpt: how Julia Allison invented the concept of a content creator in the mid-2000s, for which journalists and others villainized her — In her book ‘Extremely Online,’ journalist Taylor Lorenz details how Julia Allison invented the concept of being a content creator a decade before it caught on| Bloomberg: |
Lenders allege that Indian edtech giant Byju's hid $533M in an obscure three-year-old hedge fund that once said it was based out of an IHOP restaurant in Miami — - New lender suit seeks to recover cash from Camshaft Capital — Hedge fund was founded just three years ago, lenders say| Wall Street Journal: |
Docs: Starlink reported $1.4B in 2022 revenue, up from $222M in 2021, falling short of projections in 2015, as some question satellite internet's growth options — Revenue at Elon Musk's satellite-internet business has jumped but has fallen short of plans — SpaceX's satellite-internet division …
More: Ars Technica, CNBC, Politico, Gizmodo, and The Verge
Mastodon: @waldoj@mastodon.social and @Jonathanglick@mstdn.social
X: @knowledge_vital and @tmfassociates
Forums: r/technology, r/spacex, r/Starlink, and r/Starlink
| Bloomberg: |
The White House is watching China expand its government ban on iPhones “with concern” and says the move appears to be “aggressive and inappropriate retaliation” — - National Security Council is watching issue with concern — Beijing cites problems with the security of Apple devices| Aisha Malik / TechCrunch: |
TikTok expands its revamped creator fund Creativity Program Beta beyond the US to eligible creators in Brazil, France, Germany, Japan, South Korea, and the UK — TikTok is expanding its revamped creator fund, called the “Creativity Program Beta,” beyond the United States.| Bloomberg: |
A memo by a lawyer for the ~2,000 former Twitter employees laid off after Musk took over says X has agreed to enter settlement talks set for Dec. 1 and Dec. 2 — - X Corp. agreed to meet with employees' lawyers, per memo — About 2,000 ex-Twitter employees sued for backpay, bonuses
More: CoinGape
| Washington Post: |
On day two of the Google trial, an Apple lawyer protested two numbers the DOJ used in its opening statement, including Google paying Apple $4B-$7B for search — Protection of trade secrets versus transparency has been a major debate between Google and activists in the case| New York Times: |
How Instacart CEO Fidji Simo helped find new ways for the company to make money, including via expanding its ads and software, which made $406M in 2023 revenue — As it prepares to go public next week, Instacart shows that one secret to making money as a gig economy company is to become an advertising company.| Tyler Cowen / Bloomberg: |
Child content creators, or “kidfluencers”, some of whom make $20M+/year, show that protecting kids from labor exploitation is difficult in the social media age — Protecting children from labor exploitation is difficult in the age of social media.
X: @anecdotal, @idealpatricia, @tylercowen, and @bobonmarkets
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