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Former Meta consultant Arturo Béjar's Senate testimony: Meta executives ignored warnings of harms to teens and carefully crafted metrics to downplay the issue (Brian Fung/CNN) 07-11-2023

Brian Fung / CNN: Former Meta consultant Arturo Béjar’s Senate testimony: Meta executives ignored warnings of harms to teens and carefully crafted metrics to downplay the issue  —  Meta’s top executives, including CEO Mark Zuckerberg, ignored warnings for years about harms to teens on its platforms such as Instagram … Lees verder op Tech Meme

Reddit starts testing its own add-ons, including those that make posts with live scoreboards and that help mods ban spammers, with a small number of subreddits (Jay Peters/The Verge) 07-11-2023

Jay Peters / The Verge: Reddit starts testing its own add-ons, including those that make posts with live scoreboards and that help mods ban spammers, with a small number of subreddits  —  Reddit is beginning to test the first of its own add-ons built through its Developer Platform. Lees verder op Tech Meme

Robinhood reports Q3 revenue up 29% YoY to $467M, vs. $478.9M est., trading revenue down 11% YoY to $185M, including crypto trading down 55% YoY; HOOD drops 8%+ (Paige Smith/Bloomberg) 08-11-2023

Paige Smith / Bloomberg: Robinhood reports Q3 revenue up 29% YoY to $467M, vs. $478.9M est., trading revenue down 11% YoY to $185M, including crypto trading down 55% YoY; HOOD drops 8%+  —  – Third-quarter crypto notional volumes fell 55% on the year  — Online brokerage plans to launch EU crypto trading in weeks Lees verder op Tech Meme

Bumble reports Q3 revenue up 18.4% YoY to $275.5M, vs. $277M est., net earnings down 13% YoY to $23.1M, and forecasts Q4 revenue below estimates; BMBL drops 6%+ (Reuters) 08-11-2023

Reuters: Bumble reports Q3 revenue up 18.4% YoY to $275.5M, vs. $277M est., net earnings down 13% YoY to $23.1M, and forecasts Q4 revenue below estimates; BMBL drops 6%+  —  Bumble (BMBL.O) forecast fourth-quarter revenue below Wall Street estimates on Tuesday, in a sign that sticky inflation … Lees verder op Tech Meme

Toast reports Q3 revenue up 37% YoY to $1.03B, matching estimates, and lowers the upper range of its FY 2023 revenue forecast; TOST drops 18%+ (Emily Bary/MarketWatch) 08-11-2023

Emily Bary / MarketWatch: Toast reports Q3 revenue up 37% YoY to $1.03B, matching estimates, and lowers the upper range of its FY 2023 revenue forecast; TOST drops 18%+  —  Profit outlook moves higher, but one analyst is concerned about the new top-line forecast  —  Shares of Toast Inc. were getting singed … Lees verder op Tech Meme

Sources: USDC stablecoin issuer Circle is considering an IPO early in 2024; Circle was valued at $9B when it tried to go public via SPAC in 2022 (Bloomberg) 08-11-2023

Bloomberg: Sources: USDC stablecoin issuer Circle is considering an IPO early in 2024; Circle was valued at $9B when it tried to go public via SPAC in 2022  —  – Backers include Goldman Sachs, General Catalyst and BlackRock  — Circle had tried to go public via blank-check deal in 2022 Lees verder op Tech Meme

Australian mobile network Optus is suffering an outage impacting millions of customers, including major hospitals and Melbourne's Metro Trains (ABC) 08-11-2023

ABC: Australian mobile network Optus is suffering an outage impacting millions of customers, including major hospitals and Melbourne’s Metro Trains  —  Loading…  Optus mobile services are down across the country, affecting millions of Australian customers and businesses.  —  Key points: Lees verder op Tech Meme

Q&A with Barack Obama on regulating social media and AI, privacy bills, Biden's EO on AI, incumbents embracing AI regulation, generative AI IP issues, and more (Nilay Patel/The Verge) 08-11-2023

Nilay Patel / The Verge: Q&A with Barack Obama on regulating social media and AI, privacy bills, Biden’s EO on AI, incumbents embracing AI regulation, generative AI IP issues, and more  —  The former president joined me on Decoder to discuss AI regulation, the First Amendment, and of course, what apps he has on his homescreen. Lees verder op Tech Meme