Journals

Dave Lee / Bloomberg: Reddit’s S-1 shows how dependent the site is on the unpaid labor of 60K active daily moderators and the whims of its users and subreddits like r/WallStreetBets  —  The company’s IPO prospectus makes clear how dependent… Read More »Reddit’s S-1 shows how dependent the site is on the unpaid labor of 60K active daily moderators and the whims of its users and subreddits like r/WallStreetBets (Dave Lee/Bloomberg)

Financial Times: How tensions between past and present leaders of Sequoia, which had a reputation for quiet competence, have spilled into the open with the Klarna boardroom spat  —  Tension between past and present leaders of Silicon Valley’s premier venture… Read More »How tensions between past and present leaders of Sequoia, which had a reputation for quiet competence, have spilled into the open with the Klarna boardroom spat (Financial Times)

Elizabeth Lopatto / The Verge: Many redditors say they are not enthused about Reddit’s IPO and expect CEO Steve Huffman to run the site into the ground while trying to make it profitable  —  There’s the mention of r/WallStreetBets.  (Five… Read More »Many redditors say they are not enthused about Reddit’s IPO and expect CEO Steve Huffman to run the site into the ground while trying to make it profitable (Elizabeth Lopatto/The Verge)

Paresh Dave / Wired: In Reddit’s S-1, Steve Huffman offers a look at the site’s beginnings without naming cofounder Alexis Ohanian, reflecting their schism during the BLM protests  —  Only one of Reddit’s two cofounders is named in a new… Read More »In Reddit’s S-1, Steve Huffman offers a look at the site’s beginnings without naming cofounder Alexis Ohanian, reflecting their schism during the BLM protests (Paresh Dave/Wired)

Dietrich Knauth / Reuters: FTX agrees to sell FTX Europe back to its founders for $32.7M, drops a lawsuit seeking back $323M it had spent to acquire the startup originally called DA AG  —  Bankrupt crypto exchange FTX has settled… Read More »FTX agrees to sell FTX Europe back to its founders for $32.7M, drops a lawsuit seeking back $323M it had spent to acquire the startup originally called DA AG (Dietrich Knauth/Reuters)

New York Times: How some news accounts on Instagram, including Mo News and Jessica Yellin, are gaining popularity even as the platform tries de-emphasizing political content  —  In this year’s presidential election, more people are turning to Instagram for news,… Read More »How some news accounts on Instagram, including Mo News and Jessica Yellin, are gaining popularity even as the platform tries de-emphasizing political content (New York Times)

Counterpoint Research: Global cumulative shipments of 5G smartphones crossed 2B in less than five years, a faster adoption rate than 3G or 4G; Apple and Samsung together shipped 1B  —  – Nearly 70% of all 5G shipments came from developed… Read More »Global cumulative shipments of 5G smartphones crossed 2B in less than five years, a faster adoption rate than 3G or 4G; Apple and Samsung together shipped 1B (Counterpoint Research)

Nikkei Asia: TSMC inaugurates its first plant in Kumamoto, Japan, paving the way to make smartphone and auto-related chips for Sony and Renesas by the end of 2024  —  Japanese semiconductor subsidies came faster than in the U.S. and elsewhere … Read More »TSMC inaugurates its first plant in Kumamoto, Japan, paving the way to make smartphone and auto-related chips for Sony and Renesas by the end of 2024 (Nikkei Asia)

Lauren Feiner / The Verge: The US FTC claims in an administrative complaint that H&R Block steered customers to higher-cost online tax filing products and made them difficult to downgrade  —  The Federal Trade Commission is taking action against tax… Read More »The US FTC claims in an administrative complaint that H&R Block steered customers to higher-cost online tax filing products and made them difficult to downgrade (Lauren Feiner/The Verge)

Yasemin Craggs Mersinoglu / Financial Times: In a first, the UK ICO orders the leisure center operator Serco to stop using facial recognition and fingerprint scanning to monitor attendance and pay workers  —  UK watchdog cracks down for first time… Read More »In a first, the UK ICO orders the leisure center operator Serco to stop using facial recognition and fingerprint scanning to monitor attendance and pay workers (Yasemin Craggs Mersinoglu/Financial Times)