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March 16, 2024, 9:50 AM
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Top News

Dan Primack / Axios:
Reddit says FTC launched an inquiry into Reddit's licensing of user data to AI companies; an ex-FTC official says other companies also got such “hold letters”  —  - It also suggests that the FTC is expanding its look into AI-related deals, which previously appeared to be focused on equity investments.
New York Times:
The TikTok divestment bill's progress slows down in the Senate, as Majority Leader Chuck Schumer has not decided whether to bring the bill to the floor  —  Legislation to force TikTok's Chinese owner to sell the app or have it banned in the United States sailed through the House, but the Senate has no plans to move hastily.
Mike Masnick / Techdirt:
Banning TikTok is a performative, unconstitutional, authoritarian move that won't stop China from spreading propaganda or getting Americans' data
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
Maxwell Zeff / Gizmodo:
Lawyers warn that the bill to ban TikTok unless it's sold gives POTUS unchecked power to ban any app or website the President deems a “national security threat”
Dean Takahashi / VentureBeat:
Game developer Scopely says Monopoly Go! crossed $2B in revenue in February 2024, just 10 months after launching and three months after hitting $1B in revenue  —  Scopely announced that Monopoly Go has generated $2 billion in revenue just 10 months after launch and three months after hitting $1 billion.
Tom Henderson / Insider Gaming:
Leaked PS5 Pro docs mention rendering 45% faster than the PS5, 2x to 3x the ray tracing performance, and more; sources say it's set for a holiday 2024 release  —  Insider Gaming can confirm that the leaked PS5 Pro specs leaked earlier today are real and the PlayStation 5 is still tentatively targeting a 2024 holiday release.
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 …
Tom Warren / The Verge:
Microsoft is again injecting pop-ups into Chrome on Windows in a bid to get users to switch to Bing, after previously pausing them citing “unintended behavior”  —  Microsoft is once again injecting pop-ups into Google's Chrome browser in a bid to get people to switch to Bing.
Elle Hardy / New Republic:
How evangelicals proselytize using Bless Every Home, an app that lets users create neighborhood maps and data tables based on people's religion and ethnicity  —  The future of proselytizing—and surveillance—has arrived.  An app called Bless Every Home, which has been backed …
Andrew Hayward / Decrypt:
Starbucks is ending Odyssey, which launched in December 2022 in closed beta offering NFT-based rewards minted on the Polygon blockchain, on March 31, 2024  —  Starbucks will close the Odyssey Beta platform on March 31, with platform quests available until March 25.
Tabby Kinder / Financial Times:
Reddit's down round IPO is a signal that rationality is slowly returning to VC and could encourage other tech companies looking to go public do the same  —  Companies and their backers are starting to show more signs of acceptance of valuation cuts in ‘down round’ financing

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This is a Techmeme archive page. It shows how the site appeared at 9:50 AM ET, March 16, 2024.

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From Mediagazer

Reuters:
Palestinian sources say an Israeli airstrike killed five journalists from Al-Quds Today; the Israeli military called the five “operatives posing as journalists”

Washington Post:
How NewsGuard, which attained “sustainable profitability” six years after its launch, became a prime target of the GOP's battle against disinformation watchdogs

Inside Radio:
iHeart reduces its total debt by over $440M and extends most of its debt maturities by three years, by using debt exchange transactions

More News

James O'Donnell / MIT Technology Review:
Self-driving startup Waabi unveils Copilot4D, a generative AI model trained on lidar data to predict traffic flow around a vehicle 5-10 seconds into the future
Amanda Silberling / TechCrunch:
Gumroad, an e-commerce company for creators, updates its rules to more strictly limit NSFW content, citing policies of payment processors like Stripe and PayPal

Earlier Picks

CNN:
SCOTUS rules that public officials may block people on social media in certain circumstances, tossing aside challenges against Michigan and California officials
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
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
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
Emma Roth / The Verge:
Uber and Lyft threaten to leave Minneapolis on May 1, after the city passed an ordinance to guarantee drivers a minimum rate of $1.40/mile and $0.5/minute
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