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Former staff say Meta considered exempting underage Facebook and Instagram user accounts from encryption but chose not to due to costs and potential liability (Wall Street Journal) 22-12-2023

Wall Street Journal: Former staff say Meta considered exempting underage Facebook and Instagram user accounts from encryption but chose not to due to costs and potential liability  —  The company’s own child-safety experts sounded the alarm about efforts to encrypt messages on Instagram and Facebook. Lees verder op Tech Meme

Revolut publishes delayed 2022 accounts, removing a hurdle in its UK banking license bid, reporting revenue up 45% YoY to £922.5M and a £25.4M pretax loss (Aisha S Gani/Bloomberg) 22-12-2023

Aisha S Gani / Bloomberg: Revolut publishes delayed 2022 accounts, removing a hurdle in its UK banking license bid, reporting revenue up 45% YoY to £922.5M and a £25.4M pretax loss  —  – Auditors at BDO say issues for 2021 data have been resolved  — Fintech reports pretax loss; sees $2 billion revenue this year Lees verder op Tech Meme

Prosecutors: Pornhub operator Aylo admits to profiting for years from porn depicting sex trafficking victims, will pay a $1.8M+ fine, and be assigned a monitor (Erin Nolan/New York Times) 22-12-2023

Erin Nolan / New York Times: Prosecutors: Pornhub operator Aylo admits to profiting for years from porn depicting sex trafficking victims, will pay a $1.8M+ fine, and be assigned a monitor  —  The company that operates Pornhub and other adult websites has agreed to pay damages to women who said pornographic videos of them were posted online without their consent. Lees verder op Tech Meme

Spotify pulls support for two music festivals in France, in protest against a new tax that will impose a levy of 1.5% to 1.75% on all music-streaming services (Paul Sawers/TechCrunch) 22-12-2023

Paul Sawers / TechCrunch: Spotify pulls support for two music festivals in France, in protest against a new tax that will impose a levy of 1.5% to 1.75% on all music-streaming services  —  Spotify is pulling support for two music festivals in protest against a controversial new tax directed at music-streaming platforms operating … Lees verder op Tech Meme