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September 2, 2024, 6:35 PM
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Top News

Daniel Carvalho / Bloomberg:
A majority of Brazilian judges on a Supreme Court panel vote to confirm an order to ban X in Brazil and fine those who don't comply with it by using a VPN  —  - Top court panel backs order by Moraes against social network  — Justices also uphold fine for those who use VPN for access
Jack Nicas / New York Times:
Starlink, which has 250K customers in Brazil, told Brazil's telecom agency that it would not comply with orders to block X until its frozen assets were released  —  The satellite internet service controlled by Elon Musk is refusing to comply with a court order to block his social network, X, regulators said.
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
Reuters:
Source: Pat Gelsinger aims to offer ideas to Intel's board 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 …
Mark Gurman / Bloomberg:
A look at Apple's strategy to keep executives who wish to retire; sources: the M4 Mac mini will have five USB-C and no USB-A ports, and an internal power supply  —  Apple's succession strategy has come into focus with the upcoming exit of its chief financial officer.
Ellsworth Toohey / Boing Boing:
Elon Musk boosts a post that disparages the abilities of “women and low T men”, advocates a “Republic of high status males”, and mentions a “Reich effect”  —  On Sunday, Elon Musk recently reposted a 4chan argument claiming that only “high T alpha males” …
Bloomberg:
Sources: China has threatened Japan with severe economic retaliation if Japan further restricts sales and servicing of chipmaking equipment to Chinese firms  —  - One concern is Toyota could lose access to critical minerals  — Biden is pressuring Japan to align with possible new US rules
Faiz Siddiqui / Washington Post:
Fidelity values X at ~72% below Elon Musk's purchase price, meaning Prince Alwaleed bin Talal Al Saud would be down $1.4B and Dorsey and Ellison $720M each  —  Elon Musk bought Twitter with a combination of his own money, bank loans and capital raised from friends and associates.
Wall Street Journal:
Apple and Meta both lobby to avoid responsibility for verifying users' ages in teen social media bills; Apple lobbied Louisiana to kill a device-level rule  —  Earlier this year, freshman Louisiana legislator Kim Carver got a close look at Apple's AAPL -0.34%decrease; red down pointing triangle formidable lobbying machine.
Daniel Lippman / Politico:
Sources: LobbyMatic, which offers AI tools for lobbying, is covertly run by far-right conspiracy theorists and convicted felons, Jacob Wohl and Jack Burkman  —  Jacob Wohl and Jack Burkman are operating under the pseudonyms Jay Klein and Bill Sanders.  —  A Washington startup pitched …
Adi Robertson / The Verge:
A US judge issued a last-minute partial block on Texas law HB 18, that would require some large web services to identify minors and filter what they see online  —  A federal judge issued a last-minute partial block on a Texas law that would require some large web services to identify minors and filter what they see online.
Amitoj Singh / CoinDesk:
Filing: the US SEC seeks changes in FTX's bankruptcy plan and says it “reserves its rights to challenge distribution transactions involving crypto assets”  —  The SEC said that it may challenge any transactions of distributions involving crypto assets to creditors.

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This is a Techmeme archive page. It shows how the site appeared at 6:35 PM ET, September 2, 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

Benjamin Mullin / New York Times:
The Onion, backed by some Sandy Hook families and Everytown for Gun Safety, buys Infowars in a bankruptcy auction, and plans a January 2025 relaunch as a parody

The Hollywood Reporter:
Disney expects to spend $24B on content in 2025, up from $23.4B in 2024, due to sports programming expenses rising after NFL rate increases and NBA contracts

Matthew Keys / The Desk:
Disney said Disney+ Q4 ARPU in the US and Canada, down 1% QoQ to $7.70, was affected partly by new wholesale arrangements with some distributors

More News

Bloomberg:
OKX says the Monetary Authority of Singapore granted OKX SG a Major Payment Institution license, and appoints former Grab executive Gracie Lin as OKX SG's CEO
Kenza Bryan / Financial Times:
A look at Amazon's and Bezos Earth Fund's growing influence on the carbon credit market, as experts worry about how Big Tech aims to achieve tough climate goals

Earlier Picks

Zack Abrams / The Block:
Dune Analytics: Pump.fun has generated $100M+ in revenue from 1M+ memecoins on the platform since its January 2024 launch; Pump.fun takes a 1% transaction fee
Aanu Adeoye / Financial Times:
A US court fines Dozy Mmobuosi, the founder of Tingo, which sells phones to African farmers, $250M+ after the SEC said he inflated financial performance metrics
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