Instagram updates its recommendation algorithms to promote original content, impacting aggregator accounts, and increase distribution for smaller accounts (@miarsato / The Verge)

theverge.com/2024/4/30/2414…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240430/p18#a24…

A Finnish court sentences hacker Julius Kivimäki to six years and three months, after he breached a healthcare database and attempted to blackmail 33,000 people (BBC)

bbc.com/news/articles/…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240430/p17#a24…

Bumble redesigns its app and adds Opening Moves, to let women ask a question men can answer, a major shift that ends the requirement that women message first (Valeriya Safronova / New York Times)

nytimes.com/2024/04/30/sty…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240430/p16#a24…

Enterprise browser startup Island raised $175M led by Sequoia and Coatue at a $3B valuation, up from $1.5B in October 2023, taking its total funding to $487M (@katie_roof / Bloomberg)

bloomberg.com/news/articles/…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240430/p15#a24…

PayPal reports Q1 revenue up 9% YoY to $7.7B, payment volume up 14% YoY to $404B, transaction margin dollars up 4% YoY to $3.5B, and expects 2024 profit to drop (@paigesmithnews / Bloomberg)

bloomberg.com/news/articles/…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240430/p14#a24…

In Congressional testimony, UnitedHealth CEO Andrew Witty plans to say that hackers exploited a Citrix vulnerability to breach UnitedHealth on February 12 (Zeba Siddiqui / Reuters)

reuters.com/technology/cyb…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240430/p13#a24…

Since pleading guilty in November 2023, Changpeng Zhao has networked across the US to set up his next act; sources say CZ and Sam Altman exchanged text messages (New York Times)

nytimes.com/2024/04/30/tec…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240430/p12#a24…

Huawei reports Q1 revenue up 37% YoY to ~$24.7B and net profit up 564% YoY to ~$2.7B, rising for the fourth consecutive quarter, buoyed by smartphone sales (Bloomberg)

bloomberg.com/news/articles/…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240430/p11#a24…

How an empty, private AWS S3 bucket had ~100M PUT requests in a day, racking up a substantial bill, due to a popular open source tool using the same bucket name (Maciej Pocwierz)

medium.com/@maciej.pocwie…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240430/p10#a24…

EU Commission President Ursula von der Leyen says a TikTok ban is 'not excluded' and 'we know exactly the danger of TikTok' during a 2024 election debate (Pieter Haeck / Politico)

politico.eu/article/tiktok…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240430/p9#a240…

The EU opens a DSA investigation into Facebook and Instagram over deceptive ad and political content; sources say the move relates to a pro-Kremlin campaign (Bloomberg)

bloomberg.com/news/articles/…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240430/p8#a240…

Internal Oracle documents: ~6,900 workers are assigned to California offices, compared to 2,500 in Texas, despite Oracle moving its HQ to Texas three years ago (@brodyford_ / Bloomberg)

bloomberg.com/news/articles/…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240430/p7#a240…

Lithuanian second hand marketplace Vinted reports 2023 revenue up 61% YoY to €596.3M and a €17.8M net profit, up from a €20.4M loss in 2022 (Zosia Wanat / Sifted)

sifted.eu/articles/vinte…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240430/p6#a240…

Tesla's FSD is set to face tough competition in China, after at least 10 automakers and suppliers announced driver-assistance systems over the past two years (Reuters)

reuters.com/business/autos…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240430/p5#a240…

Tech journalism is often characterized by scandals, sensationalism, and shoddy research, and publishers are reluctant to invest in it without a clear ROI (Timothy B. Lee / Asterisk)

asteriskmag.com/issues/06/debu…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240430/p4#a240…

Ahead of CZ's sentencing on April 30, a look at the contrast between CZ/Binance and SBF/FTX, as Binance claims more than 40M new users in 2023, up 30% YoY (Bloomberg)

bloomberg.com/news/features/…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240430/p3#a240…

Microsoft announces plans to invest $1.7B in cloud and AI infrastructure in Indonesia over four years and train 840,000 people with AI skills in the country (Bloomberg)

bloomberg.com/news/articles/…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240430/p2#a240…

Analysis: Apple hired at least 36 AI experts from Google and has created a secretive European laboratory in Zurich, to develop new AI models and products (@macton93 / Financial Times)

ft.com/content/87054a…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240430/p1#a240…

A profile of and interview with Rabbit CEO Jesse Lyu, on the origins of the R1, taking '10 minutes to design' the device, the AI gadget competition, and more (Ray Wong / Inverse)

inverse.com/tech/rabbit-r1…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240429/p33#a24…

Rabbit R1 review: good price, but emblematic of a trend of selling barely finished products at full price, while vowing to fix the issues later to win a 'race' (@mkbhd / Marques Brownlee on YouTube)

youtube.com/watch?v=ddTV12…
techmeme.com/240429/p32#a24…