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November 10, 2023, 11:55 AM
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Top News

Bill Toulas / BleepingComputer:
Microsoft: MOVEit hackers are exploiting a zero-day flaw in IT support tool SysAid in “limited” attacks to access corporate servers and deploy Clop ransomware  —  Threat actors are exploiting a zero-day vulnerability in the service management software SysAid to gain access …
Decrypt:
Justin Sun's crypto exchange Poloniex says hackers stole $126M+ worth of crypto assets and that the company is working with other exchanges to recover the funds  —  Poloniex, a crypto exchange owned by Tron founder Justin Sun, has seen more than $126 million worth of crypto assets exit …
Adi Robertson / The Verge:
Tumblr is downscaling its ambitions after failing to reach its goals for a new audience and plans to focus on the site's “core functionality” in 2024  —  Tumblr is downscaling its ambitions after failing to reach goals for a new audience, aiming to move some staff members to other divisions of parent company Automattic.
Bloomberg:
Experts say LockBit is behind the Industrial and Commercial Bank of China hack, a “ransomware as a service” group that hacked the UK's Royal Mail, among others  —  - LockBit is what's known as a ‘ransomware as a service’ group  — It is one of the most prolific ransomware attackers in world
Cheng Leng / Financial Times:
Chinese foreign ministry says ICBC is trying to minimize losses after the ransomware attack; a source says the attack is “limited in impact and almost resolved”  —  Hack at Chinese bank's arm disrupted market for US Treasuries on Thursday  —  The Industrial and Commercial Bank …
Financial Times:
A ransomware attack stopped the Industrial and Commercial Bank of China, the country's largest bank, from settling US Treasury and some equity trades
Jason Schreier / Bloomberg:
After critics pan Activision's Call of Duty: Modern Warfare III, sources blame the game's rushed 16-month development, compared to three years for other titles  —  Game is the first in the series after Microsoft's big acquisition.  —  The latest entry in Activision Blizzard's popular Call …
Wall Street Journal:
Sources: Meta strikes a preliminary deal with Tencent to sell a new, lower-priced VR headset in China in late 2024, 15 years after the country shut out Facebook  —  Chinese videogame maker Tencent agrees to start selling a new lower-cost headset from Meta late next year
Michael Kan / PCMag:
Qualcomm ends its Iridium partnership to bring satellite connectivity to Android phones, started in January 2023, after low adoption by smartphone manufacturers  —  However, Iridium says it's now free to talk with other smartphone and chip vendors on enabling another satellite connectivity deal.
Daniel Wiessner / Reuters:
Apple agrees to pay $25M to settle the US DOJ's claims that the company illegally favored immigrant workers over citizens and green card holders for some jobs  —  Apple Inc (AAPL.O) will pay $25 million to settle claims by the U.S. Department of Justice that the company illegally favored immigrant workers …
Jordan Novet / CNBC:
Unity reports Q3 revenue up 69% YoY to $544.2M, missing $553.7M est. partly due to the fallout from new rules on video games in China, and a $124.1M net loss  —  - Unity's revenue growth fell short of estimates, partly because of fallout from new rules on video games in China.
Sean Hollister / The Verge:
Epic v. Google: internal documents show that Google offered to only take a 10% cut of Netflix's in-app payments on Android in 2017; Netflix didn't take the deal  —  Netflix did, too.  —  In 2017, Google offered Netflix a special discounted rate of 10 percent of its in-app payments on Android …
Amanda Hoover / Wired:
Omegle was forced to shut down as part of a settlement of a user's lawsuit claiming its design enabled her to be sexually abused since when she was 11  —  Omegle connected strangers to one another and had a long-standing problem of pairing minors with sexual predators.  A legal settlement took it down.
Manish Singh / TechCrunch:
Omegle, a service founded in 2009 for chatting with strangers, shuts down; founder Leif K-Brooks blames rising misuse, including in committing “heinous crimes”
Sean Hollister / The Verge:
A review of Valve's $549 Steam Deck OLED: a great screen, a longer battery life, and better ergonomics, but refresh rate issues and the platform is not stable  —  A new screen, a pile of improvements, and better pricing make this everything the original should have been.
Madhumita Murgia / Financial Times:
The UK's NHS is using the National Liver Offering Scheme, a predictive scoring algorithm found to have a fatal error, to help decide who gets a liver transplant  —  Sarah Meredith was in urgent need of a liver when she found out an algorithm would be making the life-or-death decision
Paul Sawers / TechCrunch:
The EU launches the European Crowdfunding Service Provider Regulation, uniform rules that all business-focused crowdfunding platforms in the bloc must adhere to  —  All business crowdfunding platforms wishing to operate within the European Union (EU) must now comply with a new EU-wide regulatory framework …
More: Finance
Paresh Dave / Wired:
Humane plans to open Ai Pin pre-orders on November 16, starting at $699 plus $24/month for unlimited calls, texts, and data via T-Mobile, shipping in early 2024

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:55 AM ET, November 10, 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

Benjamin Mullin / New York Times:
The Onion, backed by some Sandy Hook families and Everytown for Gun Safety, buys Infowars in a bankruptcy auction, and plans a January 2025 relaunch as a parody

Robbie Whelan / Wall Street Journal:
Disney reports Q4 revenue up 6% YoY to $22.6B, TV network revenue down 6% YoY to $2.5B, and a $321M DTC streaming profit, up from a $387M loss in Q4 2023

Alex Weprin / The Hollywood Reporter:
CEOs at Nexstar, Sinclair, and Tegna, plus some analysts, say they expect deregulation and consolidation in the broadcast TV industry under Trump's FCC

More News

Om Malik / On my Om:
Q&A with Humane President Imran Chaudhri on lessons learned at Apple, keeping a positive tech outlook, Ai Pin privacy concerns, platform transitions, and more
Dean Takahashi / VentureBeat:
Helsinki-based Noice, a game livestreaming service that lets viewers participate in the gameplay experience, raised a $21M Series A
Soma Biswas / Wall Street Journal:
A bankruptcy court lets Celsius Network end its bankruptcy case, return most of its deposits back to users, and form a new company focused on mining and staking

Earlier Picks

Bloomberg:
Amazon and Meta are testing a feature that shows US shoppers real-time prices and lets them buy products on Amazon directly from ads on Instagram and Facebook
Kyle Wiggers / TechCrunch:
OpenAI announces Data Partnerships to collaborate with organizations to build public and private datasets that “reflect human society” for AI model training
Janko Roettgers / Lowpass:
Sources: Amazon is working on Vega, a new OS to replace Android on Fire TVs, smart displays, and other devices and could ship Fire TV devices with Vega in 2024
Camomile Shumba / CoinDesk:
The EU Parliament approves the Data Act, which has a kill switch clause for automated data-sharing agreements; the legislation now needs EU Council approval
Taras Buria / Neowin:
Microsoft says OneDrive users won't be asked for feedback when quitting the app on Windows and that this type of feedback helps teams improve the product
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