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January 31, 2023, 8:40 AM
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Top News

Kat Bailey / IGN:
Sources: Microsoft, Nintendo, and Sony do not plan to attend E3 2023, to be held in-person from June 13 to June 16; E3 2022 was canceled due to the pandemic  —  All three of gaming's first-party console manufacturers appear poised to skip E3's big return.  —  E3's first physical event …
Takashi Mochizuki / Bloomberg:
Sources: Sony halves its Q1 PlayStation VR2 shipment forecast to ~1M units after disappointing early preorders; the headset will be launched on February 22  —  Sony Group Corp. reduced projections for the initial launch of its PlayStation VR2 headset dramatically after early pre-orders disappointed …
Jack Schickler / CoinDesk:
Independent examiner: Celsius misled investors and sometimes used new customer funds to pay for withdrawals, CEO Alex Mashinsky made false claims, and more  —  Shoba Pillay was appointed by a New York bankruptcy court to look at whether the crypto lender operated as a Ponzi scheme
Kim Jaewon / Nikkei Asia:
Samsung reports Q4 operating profit down 69% YoY to ~$3.5B, its lowest since Q3 2014, and revenue down 8% YoY to ~$57.3B, citing weak chip and smartphone demand  —  South Korean tech giant's slump expected to continue in first half of this year  —  SEOUL — Samsung Electronics said Tuesday …
Reuters:
Samsung reports a ~$1.38B mobile profit in Q4, down from ~$2.15B in Q4 2021, and says its 2023 chip investment will be similar to 2022, in contrast to rivals
Matt Tamanini / The Streamable:
Paramount Global plans to merge its Showtime streaming service with Paramount+'s ad-free tier later in 2023 and call the new offering Paramount+ with SHOWTIME  —  It's been a long time coming, but later this year, Paramount Global will finally fully integrate the streaming arm …
New York Times:
Sources: Stripe is aiming to raise ~$2.5B at a $55B to $60B valuation, led by Thrive Capital, which has committed $1B; Stripe was valued at ~$95B in March 2021  —  Thrive has committed $1 billion, which would value the payments provider Stripe at about $55 billion to $60 billion, people with knowledge of the matter said.
AJ Vicens / CyberScoop:
Kaspersky: from January 2020 to June 2022, hacker groups offered salaries from six figures to $1.2M, bonuses, and paid leave to attract talent on the dark web  —  Despite the obvious risks, tech jobs with hacking groups can be alluring for those who need the money or want to do the work.
Jonathan Stempel / Reuters:
A US judge allows the names of the two people who posted SBF's $250M bail to be made public, but stays the ruling until at least February 7, expecting an appeal  —  A U.S. judge on Monday said the names of two people who helped guarantee bail for indicted FTX cryptocurrency exchange founder Sam Bankman-Fried …
Josh Eidelson / Bloomberg:
The US NLRB says Apple executive comments and policies for staff violate workers' rights, after ex-employees Ashley Gjøvik and Cher Scarlett filed cases in 2021  —  Comments by Apple Inc. executives and policies imposed on employees have been deemed illegal by US National Labor Relations …
Anna Nicolaou / Financial Times:
Spotify reports Q4 revenue up 18% YoY to €3.2B and a €270M loss, up from €39M YoY, as operating costs rose 44% YoY; paying subscribers were up 10M to 205M  —  Music streaming group adds subscribers but is hit by rise in operating expenses  —  Spotify's losses ballooned …
Manish Singh / TechCrunch:
Manu Jain, who led Xiaomi's India business for seven years, leaves, joining a long list of key departures; sources say he pitched investors on EV startup ideas  —  Manu Jain, the executive who helped Xiaomi set up and scale business in India, has left the company, he said Monday …
Demetri Sevastopulo / Financial Times:
Sources: the Department of Commerce told some companies the Biden administration stopped giving licenses for exporting US tech to Huawei ahead of a total ban  —  White House moving closer to imposing total ban on sale of American tech to Chinese company  —  The Biden administration …
Jillian Deutsch / Bloomberg:
A draft EU proposal details plans to ask Netflix, Alphabet, and other “large traffic generators” to help pay for next-generation internet infrastructure  —  The European Union is weighing a proposal to make technology companies that use the most bandwidth, like Netflix Inc. and Alphabet Inc. …
Hannah Murphy / Financial Times:
Sources detail Twitter's nascent moves to facilitate payments, a key to becoming a “super app”, as the company files for regulatory licenses across the US  —  Company has started applying for US state licences in bid for fresh revenues beyond advertising

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:40 AM ET, January 31, 2023.

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

Alex Sherman / CNBC:
Analyzing Comcast's spinoff of cable networks, purposefully structured with low debt: the move might be a signal to the industry that it's time to consolidate

Daniel Thomas / Financial Times:
James Harding says the Tortoise-Observer deal could create a profitable media group and there isn't a guaranteed future for the Observer with the Guardian

Terry Gross / NPR:
Excerpts from a Q&A with Marty Baron and David Remnick on coming retribution against media: prosecutions for posting government leaks, public media cuts, more

More News

Parmy Olson / Bloomberg:
EU Commission changes, triggered by human rights group ICCL, mean regulators in Ireland and elsewhere will report six times a year on GDPR, violations, and more
Michael King / Search Engine Land:
An in-depth analysis of Yandex's leaked source code shows 17,854 ranking factors, scraping Google, Bing, YouTube, and TikTok, “Vital Hosts” boosts, and more
Jay Peters / The Verge:
Instagram launches Notes, its AIM-like text status feature, in Europe and Japan, delayed to comply with local laws, expanding on Asia, North America, and LatAm
Vox:
Meta, Google, and Amazon leadership are conjuring their companies' “scrappy” startup roots in internal messaging, asking staff to work harder or face layoffs

Earlier Picks

Stephanie Murray / The Block:
Alameda Research sues Voyager Digital for $445.8M, seeking to recover loan repayments that Alameda made after Voyager filed for bankruptcy in July 2022
Joseph Cox / VICE:
ElevenLabs found an uptick in “voice cloning misuse cases” during its recent beta; 4chan users made deepfake voices of Joe Rogan, Ben Shapiro, and Emma Watson
Andrew J. Hawkins / The Verge:
Mercedes-Benz becomes the first approved for Level 3 self-driving in the US as Nevada allows Drive Pilot, which still requires the driver's face to stay visible
Raymond Wong / Inverse:
Nothing CEO Carl Pei says the company had $200M+ in 2022 revenue, up from ~$24M in 2021, and plans to launch a “more premium” Phone (2) in 2023 aimed at the US
Jon Porter / The Verge:
Kuo: Apple plans to release a foldable iPad in 2024, featuring a carbon fiber kickstand, as well as a refreshed iPad mini, after possibly no new tablets in 2023
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