News

Bob Van Voris / Bloomberg: Filing: prosecutors ask a judge to sentence SBF to up to 50 years in prison when he is sentenced on March 28; SBF’s lawyers had suggested five to six years  —  – Prosecutors say SBF… Read More »Filing: prosecutors ask a judge to sentence SBF to up to 50 years in prison when he is sentenced on March 28; SBF’s lawyers had suggested five to six years (Bob Van Voris/Bloomberg)

Business Insider: Sources: BeReal is weighing raising a Series C or being acquired, as what is left of its $90M in funding is set to run out this year and DAUs stagnate at 25M  —  – BeReal, the once-buzzy French… Read More »Sources: BeReal is weighing raising a Series C or being acquired, as what is left of its $90M in funding is set to run out this year and DAUs stagnate at 25M (Business Insider)

Steven Levy / Wired: Michael Seibel steps down as YC’s managing director, says he did not feel disappointed when he was not tapped as CEO but would have accepted the job if offered  —  As the influential startup incubator downsizes—and… Read More »Michael Seibel steps down as YC’s managing director, says he did not feel disappointed when he was not tapped as CEO but would have accepted the job if offered (Steven Levy/Wired)

Mike Masnick / Techdirt: Banning TikTok is a performative, unconstitutional, authoritarian move that won’t stop China from spreading propaganda or getting Americans’ data  —  from the stupid-xenophobic-moral-panic dept  —  Over the last few days, we’ve had a few posts about… Read More »Banning TikTok is a performative, unconstitutional, authoritarian move that won’t stop China from spreading propaganda or getting Americans’ data (Mike Masnick/Techdirt)

Lauren Feiner / The Verge: A look at Murthy v. Missouri, a case SCOTUS will hear Monday, which may upend how government communicates with social media platforms on topics like misinfo  —  On Monday, the Supreme Court will hear a… Read More »A look at Murthy v. Missouri, a case SCOTUS will hear Monday, which may upend how government communicates with social media platforms on topics like misinfo (Lauren Feiner/The Verge)

Emma Roth / The Verge: Uber and Lyft plan to leave Minneapolis on May 1, after the city council passed an ordinance to guarantee drivers a minimum rate of $1.40/mile and $0.5/minute  —  Uber and Lyft are pulling their services… Read More »Uber and Lyft plan to leave Minneapolis on May 1, after the city council passed an ordinance to guarantee drivers a minimum rate of $1.40/mile and $0.5/minute (Emma Roth/The Verge)

Maxwell Zeff / Gizmodo: Lawyers warn that the bill banning TikTok unless it’s sold gives POTUS unchecked power to ban any app or site the President deems a “national security threat”  —  The United States could make TikTok the first… Read More »Lawyers warn that the bill banning TikTok unless it’s sold gives POTUS unchecked power to ban any app or site the President deems a “national security threat” (Maxwell Zeff/Gizmodo)

Chance Miller / 9to5Mac: Walmart starts selling Macs directly for the first time, partnering with Apple to offer M1 MacBook Air for $699; Apple stopped selling M1 MacBook Air itself  —  Walmart is teaming up with Apple to sell the… Read More »Walmart starts selling Macs directly for the first time, partnering with Apple to offer M1 MacBook Air for $699; Apple stopped selling M1 MacBook Air itself (Chance Miller/9to5Mac)

Bloomberg: Sources: Binance tightened the listing process for new tokens, including extending partial coin supply lockups from up to six months to at least a year  —  – Crypto exchange extends “cliff period” to at least one year  — One… Read More »Sources: Binance tightened the listing process for new tokens, including extending partial coin supply lockups from up to six months to at least a year (Bloomberg)

Financial Times: Sources: TikTok’s US revenue hit a record $16B in 2023; ByteDance revenue grew 40% YoY to $120B in 2023, with a net profit of $28B  —  Parent company ByteDance on track to become world’s biggest social media group… Read More »Sources: TikTok’s US revenue hit a record $16B in 2023; ByteDance revenue grew 40% YoY to $120B in 2023, with a net profit of $28B (Financial Times)