Austin Weinstein / Bloomberg: Filing: the SEC sues Coinbase in New York court, alleging the exchange acted as an unregistered broker since at least 2019; COIN drops 10%+  —  The Securities and Exchange Commission sued Coinbase Global Inc. in federal court in New York on Tuesday, alleging the crypto firm broke US securities rules. Lees verder op Tech Meme

Justin Ling / Wired: Internal 4chan emails, chat logs, and moderation decisions reveal how the site’s team of moderators, called “janitors”, allowed racism and violence to take over  —  Internal company documents reveal how the imageboard’s chaotic moderation allowed racism and violence to take over. Lees verder op Tech Meme

Alex Konrad / Forbes: Sequoia plans to split into three firms, Sequoia in the US and Europe, HongShan in China, and Peak XV in India and Southeast Asia, “no later than” March 2024  —  Venture capital’s biggest global brand is breaking up, with Sequoia’s China and India and Southeast Asia funds relaunching … Lees verder op Tech Meme

Priya Anand / Bloomberg: Reddit defends its usage-based API pricing, arguing the company “needs to be fairly paid to continue supporting high-usage third-party apps”  —  A number of Reddit forums plan to go dark for two days later this month to protest the company’s decision to increase prices for third-party app developers. Lees verder op Tech Meme