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February 23, 2024, 7:20 AM
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Top News

Jonathan Vanian / CNBC:
Reddit files to list its IPO on the NYSE, reporting revenue up 20% YoY to $804M in 2023, net loss down 43% YoY to $90.8M, 73M DAUs, and a $3.42 global ARPU  —  - Reddit on Thursday filed to go public.  — Its market debut will mark the first major tech initial public offering of the year …
The Verge:
Reddit plans to give some of its top users, including moderators and those with high karma scores, the chance to buy shares in its IPO  —  However, the company is unprofitable, with a net loss of $90.8 million in 2023.  —  In an unusual twist, Reddit is also giving a number of its top users …
Alex Weprin / The Hollywood Reporter:
S-1: Sam Altman has an 8.7% stake in Reddit, making him the third-largest shareholder, behind Advance Magazine Publishers, with 30.1%, and Tencent, with 11%
Abner Li / 9to5Google:
Google strikes a deal with Reddit, reportedly for $60M/year, gaining Reddit Data API access to surface more Reddit content in Search and to train its AI models
Jessica Lyons / The Register:
Filing: UnitedHealth says a “suspected nation-state” actor had access to systems of IT provider Change Healthcare, prompting an outage at pharmacies in the US  —  Prescription orders hit after IT supplier Change Healthcare pulls plug on systems  —  UPDATED IT provider Change Healthcare …
ABC News:
AT&T believes the February 22 outage was “caused by the application and execution of an incorrect process” as it was expanding its network, “not a cyber attack”  —  AT&T says they have “restored wireless service to all our affected customers.”
Wall Street Journal:
Sources: staff warned Meta in 2023 that its subscription tools on Facebook and Instagram allowed adults to profit from exploiting their own children  —  Employees offered suggestions to reduce risks of misuse of subscription accounts featuring minors.  Meta took another approach and says its programs are well monitored.
Sean Hollister / The Verge:
Microsoft announces Generative Erase for the Photos app on Windows 10 and higher, which will allow users to remove objects and people from images using AI  —  Google and Samsung aren't the only ones baking magical AI selective photo erasers into their devices — they're about to become table stakes for Windows PCs too.
Sarah Perez / TechCrunch:
Bluesky opens up federation, letting anyone run their own server that connects to Bluesky's network, which uses the AT Protocol; Mastodon uses ActivityPub  —  Social network Bluesky, a competitor to X, Threads, Mastodon, and others, is opening up its doors with today's news that the network …
Ismail Shakil / Reuters:
The US FTC says Avast needs to pay $16.5M and stop selling web browsing data for ads to settle charges that the UK company misrepresented its use of such data  —  Software provider Avast Plc will need to pay $16.5 million and stop selling any web browsing data for advertising purposes …
Mark Tyson / Tom's Hardware:
Samsung says the Galaxy Book4 series, with Intel Core Ultra chips and AMOLED touchscreens, will be available in the US, the UK, and other markets on February 26  —  The Galaxy Book 4 Ultra, Book 4 Pro, and Book 4 Pro 360 are all coming soon.  —  Samsung has announced that its first AI PC series will become available son Feb. 26.
Hannah Lang / Reuters:
Block reports Q4 revenue up 24% YoY to $5.77B, Square profit up 18% YoY, Cash App profit up 25% YoY, and forecasts Q1 adjusted EBITDA above est.; SQ jumps 12%+  —  Jack Dorsey-led Block (SQ.N) on Thursday forecast adjusted core earnings for the current quarter above Wall Street estimates …
Dietrich Knauth / Reuters:
A US judge says FTX can sell its Anthropic shares after FTX reached a compromise with its customers opposing the sale; FTX invested $500M in Anthropic in 2021  —  Bankrupt crypto exchange FTX may sell its shares in artificial intelligence startup Anthropic, a U.S. judge ruled Thursday.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:20 AM ET, February 23, 2024.

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

Associated Press:
ABC News apologizes and will give $15M to Trump's presidential library to settle a lawsuit over George Stephanopoulos' comments about Trump and E. Jean Carroll

Mark Caro / Local News Initiative:
A deep look at the emergence of local news startups in Massachusetts, as some “ghost newspapers” owned by Gannett still publish but without original reporting

Fortesa Latifi / Teen Vogue:
A look at TikTok's teen mom content creators, who share their pregnancies and lives as young parents, making six-figure incomes in some cases

More News

Lauren Goode / Wired:
Interviews and emails show technical interviews have become more punishing for engineers after mass layoffs, requiring days of work on unpaid assignments
Ivan Mehta / TechCrunch:
Meta's Oversight Board extends its scope to Threads, letting users appeal Meta's content moderation decisions with the same process as on Facebook and Instagram
Sheila Dang / Reuters:
Google plans to integrate Gemini into its Performance Max ad placement tool, helping brands generate longer headlines, after adding Gemini into Google Workspace
Abner Li / 9to5Google:
Google says its Google Pay app GPay and its P2P payment feature will stop working in the US on June 4, 2024, but will remain available in India and Singapore
Jess Weatherbed / The Verge:
Google rolls out its Gemini-powered “Help me write” tool in Chrome for macOS and Windows for English-speaking US users, offering shortform writing suggestions

Earlier Picks

Financial Times:
Sources: Nigeria ordered telecoms to restrict access to the websites of some of the world's largest crypto exchanges, including Binance, Coinbase, and Kraken
Dr Richard Fletcher / Reuters Institute for the Study of Journalism:
Analysis: at 2023's end, 48% of the top news websites in the US, the UK, and eight others had blocked OpenAI's crawler and 24% had blocked Google's AI crawler
Sean Michael Kerner / VentureBeat:
Stability AI debuts a preview of Stable Diffusion 3.0, its next-gen flagship text-to-image model, aiming to offer improved image quality and better performance
Tom Warren / The Verge:
Sony is testing PC support for its PlayStation VR2 headset, which currently works exclusively with the PS5, and hopes “to make this support available in 2024”
Jake Rudnitsky / Bloomberg:
Google plans to “pause the image generation of people” via Gemini and “re-release an improved version soon” while working to fix its race inaccuracy “issues”
Carly Page / TechCrunch:
Researchers warn that hackers are exploiting ConnectWise's remote access tool via a flaw “embarrassingly easy” to exploit; ConnectWise has confirmed the attacks
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