Tech Meme

Dan Goodin / Ars Technica: Microsoft’s disclosures about Chinese government hackers accessing US government email accounts try to obscure the role of the company’s zero-days in the breach  —  Critics also decry Microsoft’s “pay-to-play” monitoring that detected intrusions.  —  On Friday, Microsoft attempted to explain … Lees verder op Tech Meme

Sky News: Some Etsy sellers say the platform imposed a 45-day reserve on 75% of their income with no warning, as part of its Purchase Protection program to cover refunds  —  Sellers say the online marketplace is imposing a temporary reserve on their sales under its new ‘purchase protection programme’ … Lees verder op Tech Meme

Jahnavi Nidumolu / Reuters: Elon Musk says a ~50% ad revenue drop and a heavy debt load kept Twitter cash flow negative; he said in March 2023 the company could be cash flow positive in Q2  —  Elon Musk said Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load. Lees verder op Tech Meme

Christopher Mims / Wall Street Journal: Twitter could become irrelevant if the trends driving Threads’ success, like network effects, Elon Musk’s self-inflicted wounds, and a different vibe, persist  —  Threads, from Instagram, has many distinct qualities that make it the first credible threat to Elon Musk’s vision of what a social network should be Lees verder op Tech Meme

Reuters: Sources: Intel CEO Pat Gelsinger and Qualcomm CEO Cristiano Amon plan to meet US officials in DC next week to discuss China policy, the market, and export curbs  —  The chief executives of Intel Corp (INTC.O) and Qualcomm Inc (QCOM.O) are planning to visit Washington next week to discuss China policy … Lees verder op Tech Meme

Bill Toulas / BleepingComputer: Updraft patches its AIOS WordPress plugin, which logged plaintext passwords and is used by 1M+ sites; Updraft didn’t warn its users during the exposure period  —  The All-In-One Security (AIOS) WordPress security plugin, used by over a million WordPress sites, was found to be logging plaintext passwords … Lees verder op Tech Meme

Brendan Pierson / Reuters: A US appeals court temporarily blocks a lower July 6 court order sharply limiting US government officials’ and agencies’ contacts with social media companies  —  A U.S. appeals court on Friday temporarily blocked a lower court order that had sharply limited certain Biden administration officials … Lees verder op Tech Meme

Newcomer: Despite a generative AI funding mania, data shows that other startup funding remains bleak, with valuations down and few IPOs, deals, and late-stage rounds  —  The slowdown in public offerings and late-stage financings puts startups in peril  —  The generative artificial intelligence mania … Lees verder op Tech Meme

Amanda Silberling / TechCrunch: Creator monetization platform Passes, founded in 2022, plans to acquire rival Fanhouse, founded in 2020; some creators are worried and one Fanhouse founder quit  —  The creator monetization platform Fanhouse announced yesterday that it was acquired by Passes, a similar startup that only launched in beta in December. Lees verder op Tech Meme

The Economic Times: Sources: Foxconn is in talks with TSMC and Japan-based TMH to build chip factories in India, days after ending its $19.5B chip and display venture with Vedanta  —  Foxconn is likely to soon finalise the details of the partnership to manufacture both advanced and legacy node chips, a source close to the development told ET. Lees verder op Tech Meme