Techmeme

MacKenzie Sigalos / CNBC:Block shares closed down 17.69% on February 21, their steepest drop since 2020, after Q4 earnings missed est. and guidance for 2025 failed to reassure investors  —  Block shares plunged 18% on Friday, their steepest drop since…

Reuters:President Trump signs a memorandum to consider retaliatory measures, including tariffs, on countries that impose digital service taxes on US tech companies  —  President Donald Trump has signed a memorandum to impose tariffs on countries that levy…

Muyao Shen / Bloomberg Tax:NFT marketplace OpenSea says the US SEC has ended an investigation into the company, after OpenSea received a Wells Notice in August 2024  —  Nonfungible-token marketplace OpenSea said that it was informed by the US Securities…

Reuters:Sources: US negotiators pressing Ukraine for access to its minerals raised the possibility of cutting the country's access to Starlink if a deal is not reached  —  U.S. negotiators pressing Kyiv for access to Ukraine's critical minerals have raised…

Bloomberg:Trump directs CFIUS to limit Chinese investments in key areas, and says US will consider outbound investment restrictions to China in sectors like chips and AI  —  President Donald Trump signed a memorandum directing the Committee on Foreign…

Bloomberg:Trump says Tim Cook told him that Apple “stopped two plants in Mexico” and will build products in the US instead, a move Apple hasn't publicly discussed  —  - President says tariff threat prompted move from planned plants  — Cook, Trump…

Bloomberg:Crypto exchange Bybit says a hacker took control of one of its cold Ethereum wallets, resulting in what analysts estimate was the loss of ~$1.5B worth of tokens  —  - North Korean group Lazarus suspected by industry researchers  — Prices of…

Ricardo Brito / Reuters:Brazilian Supreme Court Justice Alexandre de Moraes orders the immediate and full suspension of Rumble in the country due to noncompliance with court orders  —  Brazilian Supreme Court justice Alexandre de Moraes ordered U.S.…

RT Watson / The Block:Arkham says ZachXBT submitted proof that North Korea's Lazarus Group is behind Bybit's $1.5B hack, which is the largest single theft in crypto history  —  - Arkham Intelligence said Lazarus Group hacked Bybit for over $1.5 billion,…

Bloomberg:NetEase CEO William Ding has cut hundreds of jobs, closed game studios, and reduced international investment as he refocuses on a smaller portfolio of titles  —  - Hundreds of staffers and about a dozen games have been cut  — Founder William…

Kyle Wiggers / TechCrunch:Sakana AI walks back claims that its new AI CUDA Engineer can speed up AI training by up to 100x, after complaints about worse-than-average training performance  —  This week, Sakana AI, a Nvidia-backed startup that's raised…

Tom Carreras / CoinDesk:Source: the US Marshals Service is struggling to come up with a rough estimate of its bitcoin holdings, complicating plans for a US Bitcoin reserve  —  The U.S. Marshals Service (USMS) is tasked with managing assets seized by law…

Bloomberg:Sources: AMD is in talks with Asian companies for a $3B to $4B sale of data center manufacturing plants, which it inherited in its $4.9B ZT Systems acquisition  —  - Chipmaker has received interest from host of Taiwanese firms  — A deal could…

Cade Metz / New York Times:OpenAI says it found evidence of an AI-powered surveillance tool used by a Chinese security operation to identify anti-China posts on social media in the West  —  The company said a Chinese operation had built the tool to…

David Heaney / UploadVR:Apple releases visionOS 2.4 developer beta, adding Apple Intelligence, a guest mode, a Spatial Gallery app, an iPhone app for remote installs, and more  —  visionOS 2.4 will bring Apple Intelligence to Vision Pro, a Spatial Gallery…