Tech Meme

New York Times: Sources: a company spending $800M+ to buy thousands of acres to build a new Bay Area city is backed by Michael Moritz, Reid Hoffman, Marc Andreessen, and others  —  A mysterious company has spent $800 million in an effort to buy thousands of acres of San Francisco Bay Area land. Lees verder op Tech Meme

Annie Palmer / CNBC: E-commerce marketing company Klaviyo files for a US IPO and reports H1 2023 revenue of ~$321M, vs. ~$208M YoY, and $15.2M net income, vs. a $24.6M net loss YoY  —  – Marketing automation company Klaviyo became the latest tech company to try to join the public markets, after Instacart and Arm submitted IPO filings. Lees verder op Tech Meme

Carly Page / TechCrunch: Emsisoft: the MOVEit Transfer breach has so far impacted 1,000+ known victim organizations, of which 83.9% are based in the US, and 60M+ individuals  —  At least 60 million individuals affected, though the true number is far higher  —  A mass-hack involving the MOVEit Transfer software … Lees verder op Tech Meme

Dan Primack / Axios: Instacart files for a US IPO, reports 2022 revenue up 39% YoY to $2.55B, $428M net income, up from a $73M loss in 2021, and H1 2023 revenue up 31% YoY to $1.48B  —  Grocery delivery giant Instacart on Friday filed for its initial public offering, with expectations that its shares will begin trading on the Nasdaq next month. Lees verder op Tech Meme

Washington Post: How Meta and YouTube, battered by content moderation wars, are following X in retreating from policing political misinformation, raising US 2024 election fears  —  Facebook and YouTube are receding from their role as watchdogs against conspiracy theories ahead of the 2024 presidential election Lees verder op Tech Meme

Dan Primack / Axios: Instacart files for a US IPO set for September; after being valued at $39B in 2021, the company repeatedly cut its valuation, reportedly to $13B in October 2022  —  Grocery delivery giant Instacart on Friday filed for its initial public offering, with expectations that its shares will begin trading on the Nasdaq next month. Lees verder op Tech Meme

Washington Post: How Meta and YouTube, battered by content moderation fights, are following X in retreating from policing political misinfo, raising US 2024 election fears  —  Facebook and YouTube are receding from their role as watchdogs against conspiracy theories ahead of the 2024 presidential election Lees verder op Tech Meme

Wall Street Journal: The US Treasury proposes new rules that would treat crypto exchanges more like stockbrokers, requiring them to report gross proceeds to the IRS starting in 2026  —  Long-delayed regulations would treat crypto platforms more like brokers who handle stocks and mutual funds Lees verder op Tech Meme

AJ Vicens / CyberScoop: Microsoft says Flax Typhoon, a hacking group active since mid-2021 with suspected Beijing ties, is targeting dozens of organizations in Taiwan, and elsewhere  —  A group dubbed Flax Typhoon has targeted “dozens” of Taiwanese organizations, according to new research from Microsoft. Lees verder op Tech Meme

Julian Chokkattu / Wired: Citizen suspends sales of its $350+ CZ Smart smartwatch, launched on May 1; review units had serious issues, like screen freezing and inaccurate tracking data  —  The second-generation CZ Smart launched a few months ago.  Both the company and reviewers have found serious technical issues. Lees verder op Tech Meme