Techmeme
July 21, 2024, 4:35 PM

Top News

David Weston / The Official Microsoft Blog:
Microsoft estimates that CrowdStrike's update affected 8.5M Windows devices, or less than 1% of all Windows machines  —  On July 18, CrowdStrike, an independent cybersecurity company, released a software update that began impacting IT systems globally.  Although this was not a Microsoft incident …
CrowdStrike:
CrowdStrike says a sensor configuration update to Windows systems triggered a logic error that resulted in a system crash and BSOD on impacted systems  —  What Happened?  —  On July 19, 2024 at 04:09 UTC, as part of ongoing operations, CrowdStrike released a sensor configuration update to Windows systems.
Wall Street Journal:
Microsoft says it cannot wall off its OS due to a 2009 deal with the EC to give security software makers the same level of access to Windows that Microsoft gets  —  Global outage on Windows machines caused by CrowdStrike highlights Microsoft's security challenges
Washington Post:
One defective CrowdStrike update for Windows breaking global systems resurfaces concerns about Microsoft's monopoly in government and enterprise IT systems  —  Officials say the incident highlights how much businesses and governments rely on the giant's products.
Robert McMillan / Wall Street Journal:
Steven Levy / Wired:
A look at Marc Andreessen and Ben Horowitz's self-interested Trump support, including the “final straw”, a Biden proposal to tax unrealized capital gains at 25%  —  Venture capitalists Ben Horowitz and Marc Andreessen claim the tech industry, California, and the country are doomed if we don't embrace the former president.
Jason Schreier / Bloomberg:
How indie game developer Terrible Posture Games avoided bankruptcy after an ~$800K investment from an unlikely source: Nerd Ninjas, another indie developer  —  Terrible Posture Games got funding help from an unlikely source: another indie developer  —  Hi everyone.
OCCRP:
An investigation details how scammers are using crypto ATMs to commit fraud; the FBI says US losses from scams carried out via crypto ATMs was $120M+ in 2023  —  While crypto ATM operators insist they take steps to protect the public, investigators say the machines are a gift to criminal networks.
Matilda Battersby / The Bookseller:
Academics say publisher Taylor & Francis hadn't told them about selling access to authors' research as part of a $10M+ Microsoft AI deal, nor let them opt out  —  Authors have expressed their shock after the news that academic publisher Taylor & Francis, which owns Routledge …
Dominic-Madori Davis / TechCrunch:
Some Black founders and investors say they feel betrayed by Ben Horowitz's support for Trump, as he has always been seen as an ally to the Black community  —  “It appears personal interest and profit supersedes people,” one founder lamented.  —  Some of the richest, most influential investors …
Manish Singh / TechCrunch:
Indian crypto exchange WazirX has “temporarily” paused trading activities days after it suspended customer withdrawals after losing ~$230M in a security breach  —  WazirX, one of India's largest cryptocurrency exchanges, has suspended all trading activities on its platform days …
Financial Times:
OpenSecrets: ~80% of donations from internet companies have gone to Democrats so far this US election cycle, down from 90% in 2020, as support for Trump grows  —  Some of America's wealthiest tech investors have come out for Trump.  But most Big Tech leaders are staying silent, for now

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