Tech Meme

Laura Cooper / Wall Street Journal: Sources: private equity firms Francisco Partners and TPG plan a $5B+ bid to acquire observability software company New Relic; a deal may be reached in weeks  —  Buyout firms Francisco Partners, TPG team up in $5 billion-plus bid  —  Private-equity firms Francisco Partners and TPG … Lees verder op Tech Meme

Tatum Hunter / Washington Post: Ovulation tracking app Premom agrees to pay $200K to settle with the FTC and state AGs for allegedly sharing user information with third parties without consent  —  The app allegedly shared sensitive user information with China-based companies known for privacy problems Lees verder op Tech Meme

Wall Street Journal: Montana Governor Greg Gianforte signs the country’s first bill that bans TikTok in a state, set to go into effect on January 1, 2024  —  Ban is slated to take effect next year—if it survives expected litigation  —  Montana’s governor signed the country’s first bill that outright bans TikTok … Lees verder op Tech Meme

Alex Weprin / The Hollywood Reporter: Netflix says its ad tier has nearly 5M global MAUs, with a median age of 34, six months after launch, and makes up 25%+ of signups in countries with the option  —  In its inaugural upfront advertising event, executives touted the the streaming service’s growing ad tier, and unveiled new sponsorship options. Lees verder op Tech Meme

Bloomberg: Cisco reports Q3 revenue up 14% YoY to $14.6B, vs. $14.4B est., net income up 6% YoY to $3.2B, and a strong Q4 sales forecast  —  Cisco Systems Inc., the largest maker of machines that run computer networks and the internet, said orders declined 23% in the past quarter … Lees verder op Tech Meme

Jennifer Elias / CNBC: Docs: Google plans to use new AI models for ads, customer service, and to help YouTube creators, and is working on an internal Stable Diffusion-like product  —  – Google has approved several ad-related artificial intelligence projects to help advertisers and YouTube creators, internal documents show. Lees verder op Tech Meme

Yogita Khatri / The Block: Tether plans to invest up to 15% of its profits in bitcoin, as the stablecoin developer shifts its reserves toward crypto and away from US government debt  —  – Tether is set to purchase bitcoin on a regular basis from its profits.  — It held $1.5 billion in bitcoin as of the end of the first quarter … Lees verder op Tech Meme

The Information: Sources: Snowflake is in advanced talks to buy Neeva and aims to offer AI tools to help companies search internal data; Neeva also shopped itself to Databricks  —  Database software provider Snowflake has been in advanced talks to acquire Neeva, a search startup founded by former top Google … Lees verder op Tech Meme

Michelle Faverio / Pew Research Center: Survey: 60% of Americans who used Twitter in the past year have taken a break from the social network; 25% say they are not likely to use Twitter in a year  —  A majority of Americans who have used Twitter in the past year report taking a break from the platform during that time … Lees verder op Tech Meme

Jennifer Elias / CNBC: Docs: Google plans to use its AI models for ads, customer service, and to help YouTube creators, and it is working on an internal Stable Diffusion-like product  —  – Google has approved several ad-related artificial intelligence projects to help advertisers and YouTube creators, internal documents show. Lees verder op Tech Meme