Charlotte Yang / Bloomberg: Meituan’s stock dips below its 2018 IPO price, closing 85% down from an all-time high; Alibaba and Tencent are down 78% and 60%+ respectively from their peaks  —  – Stock down 85% from all-time high on worry over outlook, macro  — ‘The market has been overly negative’ on Meituan, Goldman says Lees verder op Tech Meme

Wall Street Journal: New Mexico’s lawsuit against Meta includes a 2021 Meta presentation that says 100,000 minor users each day received sexually abusive content on its Platforms  —  A 2021 Meta Platforms presentation estimated 100,000 child users were harassed daily, according to unredacted portions of a New Mexico lawsuit Lees verder op Tech Meme

Jon Keegan / The Markup: A Consumer Reports study involving 709 volunteers: a total of 186,892 companies shared the volunteers’ data with Facebook, averaging 2,230 companies per person  —  A new study looks at who is sending information about your online activity to Facebook … By now most internet users know their online activity is constantly tracked. Lees verder op Tech Meme

Chris Dolmetsch / Bloomberg: SEC v. Coinbase: in an opening hearing, Coinbase says that buying crypto on an exchange is more like collecting Beanie Babies than investing in a stock or bond  —  – Exchange compares tokens to plush toys to oppose regulation  — Courts are divided on whether crypto sales are securities Lees verder op Tech Meme

Janus Rose / VICE: Bipartisan bills are being introduced across the US to fight AI deepfakes, especially non-consensual AI-generated porn and fake celebrity endorsements  —  Lawmakers are introducing new bills to protect famous actors and musicians from ‘AI Fraud’—and maybe the rest of us.  —  NEW YORK, US Lees verder op Tech Meme

Chance Miller / 9to5Mac: Apple plans to sell the Watch Series 9 and Ultra 2 without the blood oxygen feature online starting 6am PT on January 18 and in Apple Stores on the same day  —  Earlier today, a US appeals court rejected Apple’s request to pause the Apple Watch Series 9 and Ultra 2 ban as the company appeals … Lees verder op Tech Meme

Alex Heath / The Verge: Internal memo: Sundar Pichai says Google will see more “role eliminations” in 2024, though not at the scale of 2023’s reductions and not affecting every team  —  Google has laid off over a thousand employees across various departments since January 10th. Lees verder op Tech Meme