Techmeme
April 25, 2023, 11:25 AM

Top News

André Beganski / Decrypt:
Coinbase asks a US federal court to force the SEC to respond to a petition Coinbase filed in July 2022, demanding clearer crypto regulations  —  The cryptocurrency exchange filed the petition along with a long list of questions last July. … Coinbase Chief Legal Officer Paul Grewal wrote …
Jordan Pearson / VICE:
Elon Musk seems to have revealed a burner Twitter account, @ErmnMusk, created in November 2022 and featuring bizarre tweets like “Do you like Japanese girls?”  —  Musk tweeted a screenshot on Monday evening which appeared to show him signed into a second account.
Matt Binder / Mashable:
Elon Musk posts a screenshot showing 24.7K Twitter subscribers, or ~0.018% of his 136M+ followers, paying for tweets, Spaces, and more, earning him ~$100K/month  —  Musk is making around $100,000 from Twitter users subscribing to his paywalled content.  —  After this weekend's Twitter Blue drama …
Dan Milmo / The Guardian:
The UK announces legislation to tackle the “excessive dominance” of Big Tech by empowering the CMA's Digital Markets Unit, expected to become law in 2024  —  Global companies like Google, Apple and Amazon could have to pay penalties of up to 10% of their global turnover as government gives competition watchdog more power
Anne Steele / Wall Street Journal:
Spotify reports Q1 revenue up 14% YoY to €3B, ad revenue up 17% YoY to €329M, MAUs up 22% YoY to 515M, Premium Subscribers up 15% YoY to 210M, and a €225M loss  —  Audio streaming giant posted lower-than-expected revenue gains as ad spending cooled Spotify Technology SA reported …
Bloomberg:
South Korea indicts Terraform Labs co-founder Daniel Shin and nine others on multiple charges and freezes ~$184.7M in assets from them so far  —  South Korea indicted Terraform Labs co-founder Daniel Shin along with nine others on multiple charges including violations of capital markets law.
Abner Li / 9to5Google:
Google updates Google Authenticator for Android and iOS with a new icon and Google Account synchronization, letting users back up their 2FA codes to the cloud  —  Google is finally addressing a big gap of its 2FA (two-factor authentication) code app by adding sync capabilities …
Foo Yun Chee / Reuters:
Thierry Breton says EU Digital Services Act content rules will apply to Apple, Meta, Google, TikTok, Twitter, Wikipedia, YouTube, and others from August 2023  —  Alibaba's (9988.HK) AliExpress, Amazon's (AMZN.O) Marketplace, Apple's App Store and 16 other tech companies will be subject …
Annachiara Biondi / Financial Times:
On TikTok, guides to buying “dupes” of pricey luxury items are gaining a following and sparking a debate over knock-offs; #dupes has 2.1B views and #Reps 1.9B  —  On TikTok, guides to buying ‘dupes’ of pricey luxury items are gaining a following  —  In 2012, a classic Chanel flap bag could be yours for $4,400.

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Earlier Picks

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Javier Espinoza / Financial Times:
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