Techmeme
September 2, 2024, 4:05 AM

Top News

Mark Gurman / Bloomberg:
A look at Apple's strategy to keep execs, who wish to retire, around longer; sources: M4 Mac mini will have 5 USB-C ports, internal power supply, and no USB-A  —  Apple's succession strategy has come into focus with the upcoming exit of its chief financial officer.
New York Times:
How Brazil's experiment to fight fake news during the 2022 elections, giving a justice broad power to order social media content removal, led to the ban on X  —  To combat disinformation, Brazil gave one judge broad power to police the internet.  Now, after he blocked X, some are wondering whether that was a good idea.
New York Times:
Bluesky reports a record spike in usage as many X users in Brazil move to Bluesky and Threads; Brazil is X's fifth-largest international market, with 20M+ users  —  The platform went dark across Brazil on Saturday, sending online commentators to new digital town squares.
New York Times:
Mike Masnick / Techdirt:
Associated Press:
More: Tara Tarakiyee, The Guardian, BBC, Breitbart, Fortune, Joe.My.God., iPhone in Canada Blog, DL News, New York Post, Financial Express, BBC, Boston Herald, CBS News, Vulture, Axios, Times of India, Benzinga, Bitcoin Insider, iThinkDifferent, Truthout, International Business Times, The Gateway Pundit, Washington Post, Raw Story, CNN, Trying to make sense of Brazil, Android Headlines, Game Rant, Agence France-Presse, Digital Journal, Tech Xplore, Bloomberg, Coinpedia Fintech News, American Greatness, Cointelegraph, Reuters, Wall Street Journal, Los Angeles Times, Associated Press, Deadline, The Japan Times, DevX, and Washington Examiner
Faiz Siddiqui / Washington Post:
Fidelity's latest valuation of X, 72% lower than when Musk took over, would mean top investor Prince Alwaleed bin Talal al Saud is down $1.4B and Ellison $720M  —  Elon Musk bought Twitter with a combination of his own money, bank loans and capital raised from friends and associates.
Reuters:
Sources: Pat Gelsinger aims to present Intel's board ideas to cut capex spending and more, like halting the $32B chip plant project in Germany or selling Altera  —  Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company's board of directors …
Jay Peters / The Verge:
A look at Sub.club, which aims to let users on ActivityPub-based platforms monetize content via subscriptions while taking a 6% cut, available in dev preview  —  The fediverse has the potential to help create enduring and interoperable social networks.  But many creators and businesses rely on bigger …
Zack Abrams / The Block:
Dune Analytics: Pump.fun has generated over $100M in cumulative revenue from more than 1M memecoins created on the platform since its launch in January 2024  —  - Popular memecoin launchpad Pump.fun has made $100 million in cumulative revenue from more than one million memecoins since it launched in January of this year.
Kyle Wiggers / TechCrunch:
Source: NightCafe, a bootstrapped generative art marketplace with 25M users who created ~1B images, has $4M annualized revenue with a ~50% margin  —  The OG of image generation is a success, minus some moderation challenges  —  Elle Russell, co-founder of Cairns, Australia-based NightCafe …
Threads: @dsilverman
Teresa Xie / Bloomberg:
A look at the surge of interest-based sites as users grow weary of big platforms; MAUs for Letterboxd, Strava, and AllTrails grew 55%, 20%, and 10% YoY in H1  —  - Biking, reading and dining apps draw users seeking connection  — Niche apps take hold as alternative to larger online platforms

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Earlier Picks

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