Techmeme
March 1, 2023, 8:45 AM

Top News

Sarah Perez / TechCrunch:
Decentralized social network Bluesky launches in the iOS App Store as an invite-only beta; Twitter started Bluesky in 2019 and spun off the project in 2022  —  Bluesky, the Twitter alternative backed by Twitter co-founder and CEO Jack Dorsey, has hit the App Store and more testers are gaining access.
Shaurya Malwa / CoinDesk:
After a lengthy, unexplained outage over the weekend due to an update, Solana Labs plans to improve its upgrade process to ensure reliability and uptime  —  Solana co-founder said last week's 1.14 network update has raised concerns about maintaining stability during major updates.
Alex Heath / The Verge:
Meta's internal four-year AR/VR roadmap: three Quest headsets, smart glasses with a display and a “neural interface” smartwatch in 2025, and AR glasses in 2027  —  During an internal presentation, Meta execs laid out plans for three new Quest headsets, AR glasses in 2027, and a ‘neural interface’ smartwatch.
James Vincent / The Verge:
Twitter users globally reported multiple outages for over two hours, including the timeline failing to load on web and mobile; most users could still tweet  —  Twitter seems to be having difficulties, with users reporting that the site's timeline isn't loading on either the web or mobile apps.
Politico:
How the UK's Online Safety Bill became an overwrought law that may not achieve its aims due to repeated policy changes by four prime ministers since 2019  —  LONDON — Britain's attempt to rein in the internet has turned into a political omnishambles.  —  The country's masterplan …
Karissa Bell / Engadget:
Twitter reverses its violent speech policy to ban users from voicing “wishes of harm” on people and adds rules on threats of damaging homes and infrastructure  —  Twitter is once again tightening its rules around what users are permitted to say on the platform.
Elad Gil / Elad Blog:
Mid-to-late stage tech startups will likely face a reckoning in late 2023 to 2024, as companies run out of cash from “free rounds” fueled by low interest rates  —  The coming reset in mid-to-late stage startups in 2023-2024 is at this point likely largely decoupled from interest rates and inflation.
Wall Street Journal:
Sources: Salesforce is still paying Matthew McConaughey $10M a year to act as a “creative adviser” despite thousands of layoffs and multiple activist investors  —  The $160 billion business-software company has joined the tech industry's retrenchment, laying off thousands
Reuters:
Former FTX Director of Engineering Nishad Singh pleads guilty to six US criminal charges, becoming the third FTX exec close to SBF to plead guilty and cooperate  —  Nishad Singh, the former director of engineering at now-bankrupt cryptocurrency exchange FTX, pleaded guilty to U.S. criminal charges …
Scott Chipolina / Financial Times:
Nansen: investors pulled $6B+ out of the BUSD stablecoin in the past month after US regulatory pressure; BUSD was ~40% of Binance's trading volume in December  —  New York regulatory move accelerates withdrawal from BUSD stablecoin  —  Investors have pulled more than $6bn …
More: Reuters
Financial Times:
London-based Revolut reports £636M in 2021 revenue, a third coming from its crypto trading business, and a £26M net profit, up from a £223M loss in 2020  —  Crypto boom helped fintech to first annual profit  —  Revolut's auditor warned that the design of the fintech's …
Jon Fingas / Engadget:
Qualcomm and Thales announce the certification of the first commercially deployable iSIM, putting eSIM-like functionality directly into a phone's main processor  —  Never mind eSIMs — your next phone might have a more advanced way of connecting to your carrier.
Blake Hester / VICE:
How the proliferation of shock sites like Goatse, which can be traced back to Rotten.com, defined the modern internet era and informed how we use the web today  —  We owe the cultural evolution of the internet to the likes of ‘Two Girls, One Cup,’ ‘Goatse,’ and ‘Tubgirl.’
Brian Krebs / Krebs on Security:
Three SIM-swapping gangs separately claimed multiple times on Telegram to have phished staff at T-Mobile throughout 2022, far more often than other US carriers  —  Three different cybercriminal groups claimed access to internal networks at communications giant T-Mobile in more than 100 …
Kyle Wiggers / TechCrunch:
Typeface, which offers generative AI for marketing copy and images, emerges from stealth with $65M from Lightspeed Venture Partners, GV, M12, and Menlo Ventures  —  Typeface, a startup developing an AI-powered dashboard for drafting marketing copy and images, emerged from stealth this week …

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