Techmeme
April 17, 2024, 1:45 PM

Top News

Andy Greenberg / Wired:
Mandiant links hacktivist group Cyber Army of Russia, which claimed to target utilities in France, the US, and Poland, to Russia-linked hacking group Sandworm  —  Cyber Army of Russia Reborn, a group with ties to the Kremlin's Sandworm unit, is crossing lines even that notorious cyberwarfare unit wouldn't dare to.
Josh Dzieza / The Verge:
How a network of repair ships helps maintain the estimated 800,000 miles of undersea internet cables; of the 77 cable ships, only 22 are designated for repair  —  Field's crew caught the cable on the first try and nearly had it aboard when the rope snapped and slipped back into the sea.
Joseph Cox / 404 Media:
A look at Spy Pet, a Discord scraping service that claims to get data from 14K+ servers and 600M users, available for ~$5 in crypto; Discord is investigating  —  An online service is scraping Discord servers en masse, archiving and tracking users' messages and activity across servers including …
Sergiu Gatlan / BleepingComputer:
Current and former T-Mobile and Verizon employees say they are receiving texts offering up to $300 to perform a SIM swap; T-Mobile says it is investigating  —  Criminals are now texting T-Mobile and Verizon employees on their personal and work phones, trying to tempt them with cash to perform SIM swaps.
Steven T. Dennis / Bloomberg:
US Senators Cynthia Lummis and Kirsten Gillibrand propose a bill to regulate stablecoins; House and Senate lawmakers are pushing to pass a bill as soon as May  —  - Lummis, Gillibrand say their measure would protect consumers  — Brown wants combo with marijuana banking, executive clawbacks
Rob Golum / Bloomberg:
Filing: Take-Two plans to lay off 5% of its workforce, expecting to incur up to $200M in charges as part of the downsizing, including $140M from canceled titles  —  The company sees expenses of up to $200 million as part of the effort, including as much as $140 million from canceled projects …
Arjun Kharpal / CNBC:
ASML reports Q1 net sales down 21.6% YoY to €5.29B, vs. €5.39B est., net income down 37.4% YoY to €1.22B, vs. €1.07B est., and net bookings down 4% YoY to €3.6B  —  A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Wednesday, Jan. 24, 2024.
Matt Day / Bloomberg:
Cecilia D'Anastasio / Bloomberg:
Activision drops team entry fees for its professional Call of Duty League, and will return prior collected fees, as the esports industry faces profit challenges  —  The teams, including ones owned by sports-business billionaires Robert Kraft and Stan Kroenke, will no longer be required to pay …
Bloomberg:
How GitHub Copilot became responsible for a significant percentage of coding, despite its limitations; Stack Overflow: 54.8% of developers used Copilot in 2023  —  The assistant is saving engineers hundreds of hours a month and is helping GitHub retain its edge over rivals including Amazon and Google.
Bloomberg:
Sources: German grocery delivery startup Flink raised another €100M from existing investors and has been in merger talks with rivals Getir and Just Eat Takeaway  —  - Flink has been in merger talks with Getir, Just Eat Takeaway  — Grocery apps boomed in the pandemic but struggled with costs

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David Ljunggren / Reuters:
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Earlier Picks

Priya Anand / Bloomberg:
Lizette Chapman / Bloomberg:
Connor Jones / The Register:
Abner Li / 9to5Google:
Benjamin Sandofsky / Sandofsky:
Financial Times: