Techmeme
October 11, 2022, 1:20 PM

Top News

Washington Post:
Under Texas' social media law, Kanye West's antisemitic posts on Twitter and Instagram would likely stay up, signaling a difficult future for social media  —  Taking down the rapper's bigoted posts was an easy call for Twitter and Instagram.  That could change if Elon Musk and some GOP leaders have their way.
Jordan Novet / CNBC:
Google partners with Coinbase to let some customers pay for cloud services in crypto, starting in 2023; Coinbase will move some data from AWS to Google Cloud  —  - Google will start allowing a subset of customers to pay for cloud services with digital currencies early next year.
Facebook:
Livestream of Meta Connect 2022's keynote  —  In the keynote, learn from Mark Zuckerberg, expert developers and creators and discover how a social metaverse is additive to physical experiences helping us all connect in deeper, more meaningful ways.  The future will be built by you.
Nathan Ingraham / Engadget:
Google announces Chromebooks for gaming: the $650 16" Acer Chromebook 516 GE, the $599 16" Lenovo IdeaPad, and the $399 15.6" ASUS Chromebook Vibe CX55 Flip  —  ASUS, Acer and Lenovo built Chromebooks optimized to run services like GeForce Now.  — Three new laptops from ASUS, Acer and Lenovo
Justin Baer / Wall Street Journal:
New York grants BNY Mellon, the US' oldest bank, permission to receive some customers' BTC and ETH; BNY will store keys, offer bookkeeping services, and more  —  Founded by Alexander Hamilton, BNY Mellon is the first large U.S. bank to safeguard digital assets alongside traditional investments
Andy Stone / @andymstone:
Meta says documentation in The Wire's article alleging Instagram removed posts flagged by a BJP member in India without oversight “appears to be fabricated”  —  @JeffHorwitz Where to even begin with this story?! X-check has nothing to do with the ability to report posts. The posts in question were surfaced for review by automated systems, not humans. And the underlying documentation appears to be fabricated.
Richard Lawler / The Verge:
CNN closes its “Vault by CNN” NFT project, opened in 2021 to let anyone “own a piece of history”, and plans to compensate users with FLOW tokens or stablecoins  —  You may have already forgotten about it, but Vault by CNN launched in the summer of 2021 as a marketplace …
Joseph Pisani / Wall Street Journal:
Billionaire tech investor Yuri Milner renounced his Russian citizenship in August 2022, after leaving Russia in 2014; Milner became an Israeli citizen in 1999  —  His firm, DST Global, has invested in technology companies including Facebook, Twitter and Airbnb
Tom Warren / The Verge:
Nvidia RTX 4090 review: great 4K performance, DLSS 3 transforms frame rates, and 24GB of VRAM, but a 450W power draw, a dongle adapter, huge, and expensive  —  The RTX 40-series starts with a big performance leap  —  I had to triple check my benchmarks over and over during this review, because I couldn't quite believe my eyes.
Kollen Post / The Block:
Crypto exchange Bittrex agrees to a $29.3M settlement with the US Treasury Department over potential liability for sanctions violations between 2014 and 2017  —  - Bittrex is facing record fines from the U.S. Treasury Department over the exchange's lack of sanctions controls between 2014 and 2017.
Noam Scheiber / New York Times:
The Department of Labor proposes a rule that would make it harder for companies to classify US workers as independent contractors; Uber and Lyft drop 5%+  —  A proposed rule, long awaited by labor activists, would make it harder for companies to classify workers as independent contractors.
David Pierce / The Verge:
Google updates its Workspace productivity suite, adding integration with Asana, Atlassian, Figma, and other services, new APIs for Chat and Meet, and more  —  Google's Cloud Next developer event is today, and the Google Workspace team is using the opportunity to announce a number of new tools across Gmail …
Bloomberg:
Portugal's proposed 2023 budget aims to tax gains on crypto held for less than a year at 28%, a major shift for one of Europe's most crypto-friendly countries  —  Portugal is planning to start taxing digital-currency gains on purchases held for less than a year in a major policy shift for one of Europe's most crypto-friendly nations.
Financial Times:
Amazon's second Prime Day event is an attempt to capture holiday spending before Black Friday after two down quarters; analysts estimate $4.1B in extra Q4 sales  —  Amazon is holding its second Prime Day shopping event in a year for the first time this week in a bid to boost its flagship ecommerce product and reverse declining sales.
Cecilia D'Anastasio / Bloomberg:
A look at Twitch executives' efforts to reassure streamers at TwitchCon about monetary concerns, as Amazon expects the service to become financially independent  —  Weeks after Amazon.com Inc.'s video livestreaming site Twitch announced controversial changes to the way creators make money on the platform …
Trefor Moss / Wall Street Journal:
Lego owner Kirkbi acquires Brainpop, which makes short educational animated videos and other materials for US schools, for $875M  —  Kirkbi, the family-run company behind the world's largest toy maker, plans to establish an education business  —  Lego owner Kirkbi A/S is buying U.S. video …
The Guardian:
In a court hearing over Crypto.com erroneously sending an Australian woman $10.47M, an executive says a worker in Bulgaria entered the wrong numbers into Excel  —  Money from crypto exchange was allegedly used to buy four houses worth $4m, vehicles, art and furniture, police officer tells court

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