Techmeme
August 7, 2024, 11:40 PM

Top News

Financial Times:
Natasha Lomas / TechCrunch:
Nicholas Sutrich / Android Central:
Meta closes Ready at Dawn Studios, which it acquired in 2020 and produced VR games like Lone Echo and Echo VR, to meet the new Reality Labs 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 …
Chris Dolmetsch / Bloomberg:
A US judge orders Ripple to pay a $125M penalty for selling XRP to institutional investors, well below the ~$2B the SEC had 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
Kylie Robison / The Verge:
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.
RTÉ:
Ireland's DPC launches High Court proceedings against X over concerns about the company's use of user data in the EU and EEA to train AI systems including Grok  —  The Data Protection Commission has launched High Court proceedings against Twitter International Unlimited Company over concerns …
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  —  Cryptocurrencies revenue up 161% in second quarter, while equities revenue rises 60%  —  Robinhood Markets Inc. reported second …
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.
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  —  The free, ad-supported 24/7 service will stream Major League Baseball games, the ‘The Rich Eisen Show’ talker …
Natalie Lung / Bloomberg:
Lyft reports Q2 revenue up 41% YoY to $1.4B, Gross Bookings up 17% to $4.02B, vs. $4.07B est., and projects Q3 Gross Bookings below est.; LYFT closes down 17.2%  —  - Outlook miss threatens to overshadow progress to grow margins  — Rideshare company posts quarterly profit for first time
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  —  Roblox, the widely popular online gaming platform, is banned in Türkiye on Wednesday, a move that comes in the wake of a nationwide block on Instagram.
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  —  - COO Wacksman will take over as chief executive officer  — Housing freeze has battered company's share price this year
Emma Roth / The Verge:
Disney CEO Bob Iger says the company's password sharing crackdown will kick off “in earnest” in September, after announcing paid sharing in February 2024  —  Disney Plus will soon no longer let you share your password with people outside your household.
Todd Spangler / Variety:

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The Information:
Max A. Cherney / Reuters:
Spencer Soper / Bloomberg:

Earlier Picks

Tom Warren / The Verge:
Ryan Browne / CNBC:
Sara Fischer / Axios: