Tech Meme

Ashley Capoot / CNBC: Roblox reports Q2 revenue up 15% YoY to $681M, bookings up 22% YoY to $780.7M, vs. $785M est., a $282.8M net loss, and DAUs up 25% YoY to 65.5M; RBLX drops 20%+  —  – Shares of Roblox fell Wednesday after the company reported second-quarter results that missed analysts’ expectations on top and bottom lines. Lees verder op Tech Meme

The Citizen Lab: Analysis: Tencent’s Sogou Input Method, the top Chinese character inputting tool in China with 450M+ MAUs, had since-fixed data-leaking flaws in its encryption  —  We urge Sogou Input Method users to immediately update to the most recent version of the app (at least Windows version 13.7, Android version 11.26, or iOS version 11.25). Lees verder op Tech Meme

Manish Singh / TechCrunch: India’s upper parliament passes the Digital Personal Data Protection Bill, including up to $30M fines and child wellbeing rules; President Murmu must approve it  —  The upper house of India’s parliament greenlit the long-delayed data protection bill on Wednesday, facing no resistance as opposition leaders opted out of participation. Lees verder op Tech Meme

Joel Khalili / Wired: Sex workers who use crypto to store wealth and accept payment, bypassing the banking system, are finding the limits of its utility amid the regulatory scrutiny  —  Banks and payments companies have long penalized sex workers.  Many thought crypto would be a solution, but now exchanges are dumping them too. Lees verder op Tech Meme

The Citizen Lab: An analysis of Tencent’s Sogou Input Method, the top tool in China for inputting Chinese characters with 450M+ MAUs, finds data-leaking flaws in its encryption  —  We urge Sogou Input Method users to immediately update to the most recent version of the app (at least Windows version 13.7, Android version 11.26, or iOS version 11.25). Lees verder op Tech Meme

Manish Singh / TechCrunch: India’s upper parliament passes the Digital Personal Data Protection Bill, including up to $30M fines and child wellbeing rules; the president must now approve  —  The upper house of India’s parliament greenlit the long-delayed data protection bill on Wednesday, facing no resistance as opposition leaders opted out of participation. Lees verder op Tech Meme

David Shepardson / Reuters: The US Commerce Department says 460+ companies have expressed interest in winning some of the $52.7B CHIPS Act subsidy funding, which includes $39B for chips  —  The U.S. Commerce Department said on Wednesday that more than 460 companies have expressed interested in winning government … Lees verder op Tech Meme

Ben Weiss / Fortune: Aptos Labs partners with Microsoft to build a ChatGPT-powered Aptos Assistant and plans to host validator notes on Azure; GitHub will add Aptos’ Move to Copilot  —  Since the A.I.-hype train reached full speed earlier this year, there’s been no shortage of crypto entrepreneurs trying to get a piece of the action. Lees verder op Tech Meme

David Pierce / The Verge: Slack announces its biggest-ever redesign, catering to power users, adding a new Home section, a new sidebar on the left, a new DMs section, and Activity window  —  Slack is many things.  Which is kind of the problem. … Eventually, that even affects the “talk to your team” part of Slack … Lees verder op Tech Meme

Aaron Pressman / The Boston Globe: Boston-based cybersecurity company Rapid7 lays off 18% of its workforce, or around 470 people, and reports Q2 revenue rose 14% YoY to $190M and a $67M net loss  —  The Boston-based cybersecurity firm said the cuts will enable it to continue to grow while also freeing up cash Lees verder op Tech Meme