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March 15, 2024, 3:50 PM
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| Maxwell Zeff / Gizmodo: |
Lawyers warn that the bill banning TikTok unless it's sold gives POTUS unchecked power to ban any app or site the President deems a “national security threat” — The United States could make TikTok the first app banned by law, but technology lawyers warn it won't be the last.
More: The Verge, Reuters, The Verge, Jon Loomer Digital, WRDW-TV, WBNG-TV, China.org.cn, Mind Matters, Root-Nation.com, AllHipHop, KTIV-TV, CEPA, HuffPost, 21 Alive News, Dark Reading, and Dexerto
Threads: @taylorlorenz, @drewharwell, @bobbyallyn, @drewharwell, @kevinroose, @technicallymims, @taylorlorenz, @jw, and @ryanhatesthis
Mastodon: @edgarmtoro@mstdn.ca and @tob@hachyderm.io
X: @rakeshlobster, @zeffmax, @internetcases, and @sarafischer
| Mike Masnick / Techdirt: |
Banning TikTok is a performative, unconstitutional, authoritarian move that won't stop China from spreading propaganda or getting Americans' data — from the stupid-xenophobic-moral-panic dept — Over the last few days, we've had a few posts about the latest attempt to ban TikTok in the US …
More: Advocate, TheGamer, TIME, The Honest Broker, Read Max, Radio Free Asia, Press Telegram, The Straits Times, The Dispatch, Media Nation, New Republic, Business Insider, Benzinga, The Daily Caller, and Patently-O
Threads: @vincentorleck, @eshumarneedi, @mattrichardson, @mattnavarra, @taylorlorenz, @miasato.2, @justinkollar, @taylorlorenz, @ryanwittler, @technicallymims, @melissakchan, @daveleebbg, @melissakchan, @melissakchan, @jcbenavente56, @bobsmithreal123, @zerochillfactor, @scottinsf, and @david_ingram
X: @carnage4life and @seran72
| Financial Times: |
Sources: TikTok's US revenue hit a record $16B in 2023 while ByteDance saw revenue grow ~40% YoY to $120B in 2023 and recorded a $28B net profit — Parent company ByteDance on track to become world's biggest social media group with $120bn in global sales — TikTok has hit $16bn in sales in the US …
More: New York Post, Forbes, Proactive, Econsultancy, New York Times, and Benzinga. Mastodon: @nebula@orchard.social
| Eleanor Olcott / Financial Times: |
More: CNBC, Ars Technica, Axios, asianews.it, NBC 5 Dallas-Fort Worth, Poynter, New York Times, Newsweek, Reuters, Benzinga, Macau Business, CNN, @realDonaldTrump, Metro.co.uk, Forbes, Proactive, SiliconANGLE, Bloomberg, Silicon UK, Semafor, NTD, Gizmodo, The Economist, Benzinga, South China Morning Post, Nikkei Asia, GB News, Raw Story, Neowin, The Daily Caller, and NPR
Threads: @karissabe, @yasharali, @harrisonstarr_, @texaspaulschroder, @datadrivenmd, @jeffjarvis, @sherrilynifill, and @ngrossman81. Mastodon: @mcfadden@mastodon.social
X: @chungchingkwong, @nathanlawkc, @yaqiu, @selinawangtv, @drhueyli, @mfa_china, @jchengwsj, @chinadaily, @annmarie, @jwetzel, @anupamchander, @anupamchander, @jess_miers, @danprimack, and @alex
LinkedIn: Siddharth Vishwanathan and Nomi Prins
Forums: r/China, r/politics, r/stupidpol, r/Economics, and r/technology
| Taylor Lorenz / Washington Post: |
More: Nikkei Asia, News 5 Cleveland WEWS, GeekWire, Oxford Economics, National Review, and BNN Bloomberg
Threads: @miasato.2. Mastodon: @kfury@mstdn.social. X: @growing_daniel, @rakeshlobster, @robleathern, @kylascan, @jeffjarvis, and @bradsherman
| Chance Miller / 9to5Mac: |
Walmart starts selling Macs directly for the first time, partnering with Apple to sell the M1 MacBook Air for $699 a week after Apple stopped selling the laptop — Walmart is teaming up with Apple to sell the Mac for the first time. In a press release today, the company said that it is now selling …
More: Walmart Inc., Ars Technica, ZDNet, Engadget, Thurrott, Tom's Hardware, Popular Science, Inc.com, Pocketnow, Best Products, SlashGear, TechSpot, PCMag, Macworld, Business Insider, Irish Star, Laptop Mag, Liliputing, Digital Trends, Fresno Bee, CNN, TechRadar, BGR, How-To Geek, The Shortcut, Stuff, iClarified, Mashable, The Verge, and MacRumors
Threads: @brahmshank and @parkerortolani
| Jonathan Stempel / Reuters: |
Apple reaches a $490M settlement to resolve a class-action lawsuit that alleged Tim Cook defrauded shareholders in 2019 by hiding falling iPhone demand in China — Apple (AAPL.O) has reached a $490 million settlement to resolve a class-action lawsuit that alleged Chief Executive Tim Cook …
More: Bloomberg, AppleInsider, Wall Street Journal, Financial Times, Fast Company, Associated Press, iMore, MacRumors, iPhone in Canada Blog, The Information, The Olympian, BGR, Benzinga, Cult of Mac, TipRanks Financial, Tech Xplore, 9to5Mac, Reuters, iClarified, Business Times, QR Code Press, Telegraph, Patently Apple, Deccan Herald, Quartz, MacDailyNews, Daily Sabah, and The Economic Times
| Manish Singh / TechCrunch: |
The Competition Commission of India orders an antitrust investigation into Google for charging app developers an “unfair” Play Store service fee of 10% to 30% — India's antitrust regulator has ordered an investigation into Alphabet's Google, alleging the U.S. tech giant abused … | Emma Roth / The Verge: |
Uber and Lyft plan to leave Minneapolis on May 1, after the city council passed an ordinance to guarantee drivers a minimum rate of $1.40/mile and $0.5/minute — Uber and Lyft are pulling their services out of Minneapolis after the city council passed an ordinance that will increase drivers' pay.
More: Associated Press, New York Times, Engadget, CBS News, Gizmodo, Reuters, Axios, Minnesota Reformer, MPR News, Barron's Online, Boing Boing, The Daily Beast, and GovTech
Threads: @bergmayer. Mastodon: @ashedryden@scholar.social. Bluesky: @durrell.bsky.social and @durrell.bsky.social
| Brian Krebs / Krebs on Security: |
An investigation into Onerep.com, which helps people remove their personal data from people-search sites, suggests its CEO founded dozens of people-search sites — The data privacy company Onerep.com bills itself as a Virginia-based service for helping people remove their personal information from almost 200 people-search websites.
Mastodon: @ben@werd.social, @mshelton@mastodon.social, @briankrebs@infosec.exchange, and @briankrebs@infosec.exchange. Bluesky: @marypcbuk.bsky.social. LinkedIn: Max Anderson
| Dan Goodin / Ars Technica: |
Researchers detail how a side channel can be used to read encrypted responses from AI assistants, except Google's Gemini; OpenAI and Cloudflare made mitigations — All non-Google chat GPTs affected by side channel that leaks responses sent to users. — AI assistants have been widely available …
More: TechRadar, The Hacker News, NewsBytes, The Cloudflare Blog, Roy Weiss on YouTube, and Offensive AI Research Lab
Forums: Hacker News, r/cybersecurity, r/singularity, r/technews, and Ars OpenForum
| Steven Levy / Wired: |
Michael Seibel steps down as YC's managing director, says he did not feel disappointed when he was not tapped as CEO but would have accepted the job if offered — As the influential startup incubator downsizes—and navigates political pushback—managing director Michael Seibel is taking … | Business Insider: |
Sources: BeReal is weighing raising a Series C or being acquired, as what is left of its $90M in funding is set to run out this year and DAUs stagnate at 25M — - BeReal, the once-buzzy French social media app, is staring down a crossroads. — User growth has been tough to come by …
More: Mashable and Social Media Today
| Lauren Feiner / The Verge: |
A look at Murthy v. Missouri, a case SCOTUS will hear Monday, which may upend how government communicates with social media platforms on topics like misinfo — On Monday, the Supreme Court will hear a case that could upend how social media platforms deal with posts containing anything from vaccine misinformation to election threats.
Forums: r/scotus
| Natasha Lomas / TechCrunch: |
In an open letter to Nick Clegg, 36 MEPs urge Meta to scrap its “pay or okay” choice for EU users and to “align your business with the principles of the GDPR” — Meta is facing a call from lawmakers in the European Union to scrap its controversial “consent or pay” tactic on Facebook and Instagram.| Ailbhe Rea / Bloomberg: |
Sources: X declined requests by the UK's Labour party to take down a deepfake audio clip of leader Keir Starmer, raising concerns ahead of the general election — - Firm rebuffed Labour's request to take down clip, people say — Opposition party is training candidates on disinformation risk| Danny Nelson / CoinDesk: |
El Salvador moved 5,689.68 BTC, “a big chunk” or ~$400M worth, into a cold wallet this week; public trackers had estimated El Salvador had less than 3,000 BTC — The Central American nation moved $400 million in BTC into a cold storage wallet this week.
More: Protos, ZyCrypto, Agence France-Presse, Cryptonews, Cointelegraph, CoinGape, Decrypt, Coinspeaker, Cryptopolitan, Bitcoin Insider, and The Block
X: @nayibbukele, @du09btc, @walkeramerica, @salvadoranpride, @everythingajay, @otherkindsmoney, @maraudermag, and @johnsonsv. Forums: r/CryptoCurrency
| Elena Schneider / Politico: |
Some Democrats warn that a ban of TikTok, used by nearly two-thirds of Americans under 30, could imperil Biden's reelection by depressing young voter turnout — The fresh push to ban the Chinese-owned social media company could hurt the president's reelection efforts.| Bob Van Voris / Bloomberg: |
Filing: prosecutors ask a judge to sentence SBF to up to 50 years in prison when he is sentenced on March 28; SBF's lawyers had suggested five to six years — - Prosecutors say SBF showed brazen disrespect for rule of law — Bankman-Fried lawyers had proposed a 6 1/2-year sentence
More: Reuters, Blockworks, CoinDesk, crypto.news, Milk Road, Watcher Guru, and CityNews Toronto. X: @danprimack
| Ryan Weeks / Bloomberg: |
Binance CEO Richard Teng, who has been in the role for only four months, quietly spun out Binance Labs, the company's $10B venture capital arm, earlier in 2024 — - Investment arm is now independent from the trading platform — Industry is monitoring for changes at Binance under CEO Teng| Wired: |
A deep dive into Reddit's history and the power of its 60K+ unpaid moderators, based on interviews with 60+ current and former mods, employees, and contractors — An army of more than 60,000 unpaid moderators has unprecedented power over Reddit. The company's future hinges on whether they can coexist with Wall Street's expectations.
X: @roberthpeck, @marshacollier, @katiedrumm, @peard33, and @daithaigilbert
Forums: r/Foodforthought and Beehaw
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