Techmeme
November 7, 2024, 4:03 AM

Top News

Annie Palmer / CNBC:
Sam Altman, Jeff Bezos, Tim Cook, Michael Dell, Satya Nadella, Sundar Pichai, Mark Zuckerberg, and other tech leaders congratulate Trump on his election victory  —  Leaders of major technology companies congratulated President-elect Donald Trump and Vice President-elect JD Vance on their victory …
Bloomberg:
The US SEC's crypto-related enforcement is slated for a major rollback under President Trump, who has pledged to fire Gary Gensler on the first day in office  —  - Trump has pledged to fire Gensler on the first day in office  — Next SEC chair is expected to push forward new regulations
Kevin Roose / New York Times:
What a Trump victory means for tech: antitrust woes die down, except for Google, TikTok survives, AI progress accelerates, social media shifts right, and more  —  Another Trump presidency will be good for crypto and Elon Musk, but every big tech company may not benefit from a more hands-off approach to antitrust.
Financial Times:
Ismail Shakil / Reuters:
Canada orders TikTok's business in the country to be dissolved, citing national security risks, but says it is not blocking Canadians' access to the app  —  Canada on Wednesday ordered Chinese-owned TikTok's business in the country to be dissolved, citing national-security risks …
Ian King / Bloomberg:
Zaheer Kachwala / Reuters:
Take-Two reports Q2 net bookings up 2% YoY to $1.47B, vs. $1.43B est., net revenue up 4% to $1.35B, and sells its Private Division label to an unnamed buyer  —  Take-Two Interactive Software (TTWO.O) beat Wall Street expectations for second-quarter bookings and profit on Wednesday …
Maani Truu / ABC:
Australia plans to introduce legislation that would ban children under 16 from using social media, not exempting those already with accounts or parental consent  —  In short:  —  Social media users under the age of 16 are set to be barred from using social media, under legislation expected to be introduced to parliament this month.
Kyle Wiggers / TechCrunch:
OpenAI acquired chat.com, which now redirects to ChatGPT; HubSpot co-founder Dharmesh Shah reportedly bought the domain, registered in 1996, for $15.5M in 2023  —  OpenAI bought Chat.com, adding to its collection of high-profile domain names.  —  As of this morning, Chat.com now redirects to OpenAI's AI-powered chatbot, ChatGPT.
David Yaffe-Bellany / New York Times:
Stand With Crypto: US voters elected 253 pro-crypto candidates to the House, compared to 115 anti-crypto candidates, and 16 pro-crypto Senate candidates  —  The spending spree fueled a string of victories on Tuesday for congressional candidates who had expressed support for cryptocurrencies.
Priyanka.G / Reuters:
Bumble reports Q3 revenue down 0.7% YoY to $273.6M, vs. $271.9M est., its first quarterly sales drop since going public in 2021, and 4.3M total paying users  —  Bumble (BMBL.O) posted on Wednesday its first decline in quarterly sales since going public in 2021 and said that it would take longer …
More: Bumble Inc.
Rebecca Bellan / TechCrunch:

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Earlier Picks

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