Estonian ride-hailing and food delivery startup Bolt says it hit €2B in annual revenue and plans a 2025 IPO; Bolt had an $8B+ valuation in January 2022 (Alessandro Parodi/Reuters)

Alessandro Parodi / Reuters: Estonian ride-hailing and food delivery startup Bolt says it hit €2B in annual revenue and plans a 2025 IPO; Bolt had an $8B+ valuation in January 2022  —  Estonian ride-hailing and food delivery startup Bolt said on Thursday it had hit 2 billion euros ($2.11 billion) in annual revenue …

JD.com reports Q3 revenue up 5.1% YoY to ~$36B, above $35.9B est., and net income up 48% YoY to ~$1.6B, suggesting a recovery in segments of China’s economy (Bloomberg)

Bloomberg: JD.com reports Q3 revenue up 5.1% YoY to ~$36B, above $35.9B est., and net income up 48% YoY to ~$1.6B, suggesting a recovery in segments of China’s economy  —  JD.com Inc.’s quarterly revenue rose 5.1%, suggesting Chinese consumers are cautiously spending again as Beijing tries to revitalize the economy.

Polymarket says the FBI seized CEO Shayne Coplan’s phone and electronics; source: the DOJ is investigating Polymarket for allegedly accepting bets from US users (Bloomberg)

Bloomberg: Polymarket says the FBI seized CEO Shayne Coplan’s phone and electronics; source: the DOJ is investigating Polymarket for allegedly accepting bets from US users  —  – Polymarket says FBI agents seized CEO’s phone, electronics  — Platform has taken recent measures to weed out US traders

FBI and CISA: Chinese hackers breached multiple US telecom companies, compromising the “private communications” of US officials and stealing customer call data (Sergiu Gatlan/BleepingComputer)

Sergiu Gatlan / BleepingComputer: FBI and CISA: Chinese hackers breached multiple US telecom companies, compromising the “private communications” of US officials and stealing customer call data  —  CISA and the FBI confirmed that Chinese hackers compromised the “private communications” of a “limited number” …

Spotify plans to pay incentives to video creators who hit certain viewing thresholds and, in January, to let Premium subscribers view podcast videos without ads (Anne Steele/Wall Street Journal)

Anne Steele / Wall Street Journal: Spotify plans to pay incentives to video creators who hit certain viewing thresholds and, in January, to let Premium subscribers view podcast videos without ads  —  Audio-streaming giant plans to pay hosts to make podcast videos and allow premium subscribers to watch them without ads

How Roger Ver, known as “Bitcoin Jesus”, is fighting the IRS, which says he owes $48M+ after selling $240M in tokens, from Mallorca after his April 2024 arrest (Bloomberg)

Bloomberg: How Roger Ver, known as “Bitcoin Jesus”, is fighting the IRS, which says he owes $48M+ after selling $240M in tokens, from Mallorca after his April 2024 arrest  —  – Roger Ver charged with underreporting value of token holdings  — Longtime crypto investor renounced US citizenship in 2014

Bluesky says it has gained 1M+ users in the week since the US election, mostly in the US, the UK, and Canada, and now has 14.7M users in total (Callie Holtermann/New York Times)

Callie Holtermann / New York Times: Bluesky says it has gained 1M+ users in the week since the US election, mostly in the US, the UK, and Canada, and now has 14.7M users in total  —  With one million new accounts added since the U.S. elections, Bluesky has solidified itself as an option for people […]

How Italy became an unexpected spyware hub, going under the radar by specializing in cheaper tools, as authorities carry out thousands of operations since 2021 (Suzanne Smalley/The Record)

Suzanne Smalley / The Record: How Italy became an unexpected spyware hub, going under the radar by specializing in cheaper tools, as authorities carry out thousands of operations since 2021  —  In April 2022, about four months after Kazakhstan’s government violently cracked down on nationwide protests …

The National Music Publishers Association: in February 2023, Spotify had 44.4M US subscribers, Apple Music had 32.6M, Amazon Music had 29.3M, YouTube had 8.5M (Murray Stassen/Music Business Worldwide)

Murray Stassen / Music Business Worldwide: The National Music Publishers Association: in February 2023, Spotify had 44.4M US subscribers, Apple Music had 32.6M, Amazon Music had 29.3M, YouTube had 8.5M  —  MBW’s Stat Of The Week is a series in which we highlight a data point that deserves the attention of the global music industry.

Twitter claims advanced notice about rate limiting would have allowed bad actors to evade detection and says rate limiting had a “minimal” effect on advertising (Kris Holt/Engadget)

Kris Holt / Engadget: Twitter claims advanced notice about rate limiting would have allowed bad actors to evade detection and says rate limiting had a “minimal” effect on advertising  —  The company claims bad actors could otherwise have changed their strategies.  —  Twitter has been even more of a mess …

A look at Spill, an invite-only Twitter alternative designed as a safe destination for LGBTQ and Black people that added 100K+ users over the past three days (Wall Street Journal)

Wall Street Journal: A look at Spill, an invite-only Twitter alternative designed as a safe destination for LGBTQ and Black people that added 100K+ users over the past three days  —  Designed by former Twitter employees, the app has attracted users including Questlove and garnered interest from Lizzo

Samsung Display sues BOE in Texas, accusing the Chinese rival of infringing five of its patents for mobile OLED displays; Samsung dominates the OLED market (Hyunjoo Jin/Reuters)

Hyunjoo Jin / Reuters: Samsung Display sues BOE in Texas, accusing the Chinese rival of infringing five of its patents for mobile OLED displays; Samsung dominates the OLED market  —  South Korea’s Samsung Display has filed a lawsuit against BOE Technology (000725.SZ), accusing the Chinese rival of infringing five …

Yahoo CEO Jim Lanzone says the company is profitable as a private firm and plans a future IPO; Lanzone joined after Yahoo’s September 2021 spinout from Verizon (Daniel Thomas/Financial Times)

Daniel Thomas / Financial Times: Yahoo CEO Jim Lanzone says the company is profitable as a private firm and plans a future IPO; Lanzone joined after Yahoo’s September 2021 spinout from Verizon  —  Yahoo, one of the internet’s oldest and best-known brands that had once been a dotcom stock market darling, is planning to return […]

Marques Brownlee details the Nothing Phone (2) in a video: slightly bigger than the Phone (1), tweaked LEDs on the back, a curved glass rear design, and more (Ben Schoon/9to5Google)

Ben Schoon / 9to5Google: Marques Brownlee details the Nothing Phone (2) in a video: slightly bigger than the Phone (1), tweaked LEDs on the back, a curved glass rear design, and more  —  Carl Pei’s Nothing is just a week or two away from the full launch, and after showing off the camera earlier today, […]

Instagram’s Twitter competitor Threads is expected to launch on iOS on July 6, 2023 according to a pre-order listing in the App Store (Amanda Silberling/TechCrunch)

Amanda Silberling / TechCrunch: Instagram’s Twitter competitor Threads is expected to launch on iOS on July 6, 2023 according to a pre-order listing in the App Store  —  Instagram’s rumored Twitter competitor just dropped on the iOS App Store in the US.  The app will be called Threads, and according to App Store data, is […]

Tidal to increase prices of its base HiFi tier by $1 to $11/month and family tier by $2 to $17/month in the US starting August 1; HiFi Plus pricing is unchanged (Marc Schneider/Billboard)

Marc Schneider / Billboard: Tidal to increase prices of its base HiFi tier by $1 to $11/month and family tier by $2 to $17/month in the US starting August 1; HiFi Plus pricing is unchanged  —  The trend of music streamers increasing their rates continues.  Next up: Spotify?  —  Following similar moves by Apple …

Twitter says in 30 days users must be Verified to access TweetDeck, as it updates TweetDeck with support for full composer functionality, Spaces, and more (@twittersupport)

@twittersupport: Twitter says in 30 days users must be Verified to access TweetDeck, as it updates TweetDeck with support for full composer functionality, Spaces, and more  —  We have just launched a new, improved version of TweetDeck. All users can continue to access their saved searches & workflows via https://tweetdeck.twitter.com/ by selecting “Try the new […]

Chemists discover why photosynthetic light-harvesting is so efficient

When photosynthetic cells absorb light from the sun, packets of energy called photons leap between a series of light-harvesting proteins until they reach the photosynthetic reaction center. There, cells convert the energy into electrons, which eventually power the production of sugar molecules. This transfer of energy through the light-harvesting complex occurs with extremely high efficiency: […]

A look at the cottage industry of Russian tech contractors, many owned by oligarch-linked Citadel Group, building digital surveillance tools for use by the FSB (New York Times)

New York Times: A look at the cottage industry of Russian tech contractors, many owned by oligarch-linked Citadel Group, building digital surveillance tools for use by the FSB  —  Russia is incubating a cottage industry of new digital surveillance tools to suppress domestic opposition to the war in Ukraine.

TweetDeck users report major problems, including notifications and entire columns failing to load, after Elon Musk’s new read-limits; home timelines still load (Ivan Mehta/TechCrunch)

Ivan Mehta / TechCrunch: TweetDeck users report major problems, including notifications and entire columns failing to load, after Elon Musk’s new read-limits; home timelines still load  —  Over the weekend, Elon Musk limited the number of tweets users can read in a day, which he said was to prevent data scraping.

How some crypto miners want to repurpose their rigs to train AI models, which isn’t easy or cheap but may be more affordable than AWS and cloud alternatives (Wall Street Journal)

Wall Street Journal: How some crypto miners want to repurpose their rigs to train AI models, which isn’t easy or cheap but may be more affordable than AWS and cloud alternatives  —  Demand for high-end chips allows cryptocurrency companies to repurpose idle equipment  —  The boom in demand for high-end chips powering …

A look at uncensored and loosely moderated AI chatbots like WizardLM-Uncensored and Open Assistant setting off a polarizing debate about free-speech and risks (Stuart A. Thompson/New York Times)

Stuart A. Thompson / New York Times: A look at uncensored and loosely moderated AI chatbots like WizardLM-Uncensored and Open Assistant setting off a polarizing debate about free-speech and risks  —  A new generation of chatbots doesn’t have many of the guardrails put in place by companies like Google and OpenAI, presenting new possibilities — […]