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August 8, 2024, 11:40 AM
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Top News

Josh Self / Politics.co.uk:
In a now-deleted X post, Elon Musk reposted a fake Telegraph story shared by a far-right party about the UK opening “Detainment Camps”; the post had 1.8M views  —  Elon Musk has deleted a post on X, the social media platform he owns, in which he spread fake news about …
Financial Times:
Similarweb: active UK Telegram users hit 3.1M on July 29 and 3.7M on July 30 after a stabbing, as rioters used chat apps, up from a ~2.7M average in early 2024  —  Messaging service, known for ‘hands off’ approach to content moderation, faces pressure to tackle extremist groups
Financial Times:
Sources: Google and Meta ran a pilot program in the US in May 2024 to target Instagram ads to teenagers on YouTube, which prohibits targeting ads to under-18s  —  Campaign on YouTube to boost Instagram's appeal to young people skirted search group's rules for marketing to under-18s
Camilla Hodgson / Financial Times:
The UK CMA opens a formal merger inquiry into Amazon's Anthropic investment after getting “sufficient information” about the deal; Amazon is “disappointed”  —  CMA to escalate matter to the first phase after seeking views on tech giant's investment in the AI start-up
Lily Hay Newman / Wired:
A researcher details a Windows Update vulnerability that could be exploited to downgrade key components of Windows to older versions that contain known flaws  —  A researcher found a vulnerability that would let hackers strategically downgrade a target's Windows version to reexpose patched vulnerabilities.
Thomas Brewster / Forbes:
Researchers: hackers have used an 18-year-old flaw in how Safari, Chrome, and Firefox on macOS handle queries to a 0.0.0.0 IP address to breach private networks  —  Weaknesses in Chrome, Firefox and Safari gave hackers a route into internal networks, even those protected by firewalls, security researchers warn.
Adam James / The Block:
“Over the next few days”, Indian crypto exchange WazirX plans to undo all trades following its July 18 withdrawal freeze, after hackers stole $230M+ in crypto  —  - WazirX announced plans to undo all trades following its withdrawal freeze on July 18.
John Liu / New York Times:
Interviews with 12 TSMC staff detail ongoing culture clashes in Arizona, as well as Japan and Germany; about 50% of the 2,200 Phoenix workers came from Taiwan  —  The Taiwan Semiconductor Manufacturing Company facility in Phoenix.Cassidy Araiza for The New York Times
Chris Welch / The Verge:
Google says it stopped making the Chromecast after intense competition, shifting to a premium device, and views the Nvidia Shield as something to strive towards  —  The Chromecast is going away after more than a decade in Google's hardware portfolio, with the company phasing it out to make room for the new Google TV Streamer.
Nicholas Sutrich / Android Central:
Meta closes Ready at Dawn Studios, acquired in June 2020 and which produced VR games like Lone Echo and Echo VR, to meet Reality Labs' new budgetary ceiling  —  Echo VR developer Ready at Dawn Studios is now closed for business.  —  Updated 8/17 at 5:19pm ET: The information Android Central …
Lauren Feiner / The Verge:
A group of VCs, including Reid Hoffman and Ron Conway, hosted a “VCs for Kamala” Zoom call to support Harris' campaign with up to 600 attendees, raising $150K  —  It started with a “rage tweet.”  —  “Gonna start ‘VCs for Democracy,’” Leslie Feinzaig, founder and general partner at Graham & Walker, wrote on X in late July.
Katie Roof / Bloomberg:
Flyr, which provides software to travel companies, raised $225M in equity and $70M in debt, source says at a $900M valuation, bringing its total raised to $500M  —  Investors valued the startup at $900 million in its latest funding round. … The deal, led by WestCap, values the startup at $900 million …
Richard Nieva / Forbes:
Hugging Face buys XetHub, a collaboration platform started by ex-Apple employees that raised $7.5M to help developers work with and build large-scale models  —  Purchased for an undisclosed sum, XetHub is staffed by a number of former Apple employees.  Hugging Face thinks …
Chris Dolmetsch / Bloomberg:
A US judge orders Ripple to pay a $125M penalty for selling XRP to institutional investors, well below the almost $2B the SEC sought in the case; XRP jumps 20%+  —  - Regulator had sought almost $2 billion in fines, penalties  — Ripple token XRP surges on court ruling but is flat this year
Axios:
Anduril Industries raised a $1.5B Series F co-led by Founders Fund and Sands Capital at a $14B valuation, up from ~$8.5B after raising ~$1.5B in December 2022  —  - Sands Capital and existing investor Founders Fund co-led the Series F round, which is at a 65% post-money premium to where Anduril last raised money in late 2022.
Natasha Lomas / TechCrunch:
Ofcom publishes an open letter to social media platforms raising concerns about the use of their tools to incite violence, following days of rioting in the UK  —  The U.K.'s internet regulator, Ofcom, has published an open letter to social media platforms raising concerns about the use of their tools to incite violence.
Financial Times:
UK officials say X has been less responsive to removing disinformation than Google, Meta, and TikTok, as Elon Musk launches a series of jibes at PM Keir Starmer

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This is a Techmeme archive page. It shows how the site appeared at 11:40 AM ET, August 8, 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

Lili Loofbourow / Washington Post:
A look at Amazon Prime Video's election night show, with former NBC News anchor Brian Williams, a wide array of news team members and guests, and a surreal set

Sara Fischer / Axios:
How Trump and his allies could go after the media in his second term through harassment campaigns and lawsuits, draining the companies of time, money, and trust

Christopher Palmeri / Bloomberg:
US filing: Paramount Global talked to WBD about a merger for months before giving up after receiving no offer; Paramount held talks with at least 12 bidders

More News

Drew Harwell / Washington Post:
A look at AI age scanners, which websites use to verify a person's age by analyzing their facial patterns via webcam to help safeguard kids online

Earlier Picks

Patrick Clark / Bloomberg:
Zillow names COO Jeremy Wacksman as CEO, replacing Rich Barton, who is stepping down to become co-executive chair; Zillow reported Q2 earnings topping estimates
RTÉ:
Ireland's DPC launches High Court proceedings against X over concerns about how the company processes EU and EEA user data to train AI systems, including Grok
Türkiye Today:
Turkey bans Roblox, after blocking Instagram on August 2; a Turkish official said the ban was primarily related to sexual content that could lead to child abuse
Bill Peters / MarketWatch:
Robinhood reports Q2 revenue up 40% YoY to $682M, vs. $640M est., crypto transaction revenue up 161% to $81M, and net income of $188M, up from $25M in Q2 2023
Sarah Perez / TechCrunch:
Meta says Facebook creators who violate Community Standards for the first time will be given the option to take a training course to remove their warning
Etan Vlessing / The Hollywood Reporter:
Roku plans to launch a free, ad-supported 24/7 sports channel on August 12, with live Sunday MLB games, Originals, and more on its devices, apps, and website
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