Techmeme
August 22, 2024, 8:00 PM

Top News

Chance Miller / 9to5Mac:
Apple unveils iOS changes to comply with the EU's DMA: browser choice screen updates, more default app settings, and the ability to delete certain system apps  —  Apple has announced another set of changes to its App Store and iPhone changes in the European Union.
Financial Times:
Italian officials: divers recover UK tech entrepreneur Mike Lynch's body from the wreckage of superyacht Bayesian, which sank three days ago off Sicily's coast  —  Christopher Morvillo, Jonathan Bloomer and their wives died after vessel sank on Monday  —  The bodies of UK tech entrepreneur Mike Lynch …
Financial Times:
MacKenzie Sigalos / CNBC:
Donald Trump promotes his family's forthcoming crypto platform, The DeFiant Ones, in a post on Truth Social, mentioning a Telegram channel but few other details  —  Former President Donald Trump on Thursday promoted a soon-to-launch, Trump Organization crypto platform, “The DeFiant Ones” to his 7.5 million followers on Truth Social.
Bloomberg:
Trisha Thadani / Washington Post:
Court filing: the unsealed list of X Holdings shareholders names nearly 100 entities, such as 8VC, Italy-based UnipolSai, and a fund tied to Sean “Diddy” Combs  —  A court filing obtained by The Post lists which firms and individuals have a financial stake in the platform.
Hayden Field / CNBC:
In a pitch deck, AI search engine Perplexity told advertisers it plans to start running ads in Q4; a source says Perplexity's CPM prices will be $50+  —  Perplexity AI, the artificial intelligence startup that's been embroiled in controversy due to accusations of plagiarizing content from media outlets …
Jody Godoy / Reuters:
An appeals court revived Washington, DC's antitrust lawsuit against Amazon, saying it plausibly claimed Amazon's pricing policies illegally stifle competition  —  An appeals court in Washington, D.C. revived the district's lawsuit against Amazon.com Inc (AMZN.O) on Thursday …
Olga Kharif / Bloomberg:
NFT marketplace Magic Eden launches a mobile wallet app and will begin using a token to be issued by a foundation that supports the Magic Eden ecosystem  —  - Platform will now allow token swapping from a mobile app  — App will enable swapping of assets across five blockchains
Sarah McBride / Bloomberg:
David Shepardson / Reuters:
The FCC says Lingo Telecom agreed to pay a $1M fine after the FCC said Lingo made fake robocalls imitating President Biden in New Hampshire to dissuade voting  —  Lingo Telecom agreed to pay a $1 million fine after the agency said it transmitted fake robocalls imitating President Joe Biden seeking …
Mia Sato / The Verge:
Instagram announces a Myspace-like feature to let users add 30 seconds of a song to their profile from Instagram's library of music; the songs won't autoplay  —  A new feature announced by Instagram today will allow users to add a song on their profile — much like Myspace in the early 2000s.
Cory Weinberg / The Information:
Sources: Stripe plans a tender offer to buy back shares held by current employees with its own cash; Stripe is offering $27.51/share, implying a $70B valuation  —  Stripe is planning a new tender offer to buy back shares held by employees, but it will finance this one entirely with its own cash, unlike in previous employee tenders.
Michael Gwilliam / Dexerto:
Twitch plans to raise its new Tier 1 sub and gift sub prices on mobile in 40+ countries on October 1; in an email, Twitch says Tier 1 will rise by $2 to $7.99  —  Twitch has announced yet another increase to the price of subs after already raising the cost earlier in the summer.
Forbes:
Silverbear, an investor named in Bolt's financial docs for a $450M raise, says it was “never in this deal”, as some investors consider legal action against Bolt  —  The former billionaire stunned investors with a plan to raise $450 million for his payments startup at a $14 billion valuation.

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Earlier Picks

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