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Tech News - Techmeme

A collection of tech news feed from Techmeme.

Investigation shows how dubious Twitter accounts with cultish followings can cause sudden surges in trading for penny stocks after endorsing them (Financial Times)

Financial Times: Investigation shows how dubious Twitter accounts with cultish followings can cause sudden surges in trading for penny stocks after endorsing them  —  “ALERT!!!”, shouted a Twitter post on February 3 by a user called Alexander Delarge, whose profile picture is the sociopathic protagonist with a similar name from A Clockwork Orange.

Extend, which helps e-commerce retailers and businesses like Peloton offer extended warranties using APIs, raises $260M Series C, valuing the startup at $1.6B+ (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch: Extend, which helps e-commerce retailers and businesses like Peloton offer extended warranties using APIs, raises $260M Series C, valuing the startup at $1.6B+  —  A company that has built a new approach to the business of extended warranties — providing a cost-effective and efficient …

Court doc: Twitter fought a subpoena from DOJ under Trump to identify the person behind an account mocking Rep. Devin Nunes; source: DOJ under Biden withdrew (Charlie Savage/New York Times)

Charlie Savage / New York Times: Court doc: Twitter fought a subpoena from DOJ under Trump to identify the person behind an account mocking Rep. Devin Nunes; source: DOJ under Biden withdrew  —  An unsealed court filing shows that the social media company fought the subpoena, which the Biden administration is said to have withdrawn.

Phil Schiller testifies that the App Store drove $400B in physical sales in 2019, which Apple did not take a cut of, and Apple spends ~$50M per year on WWDC (Sean Hollister/The Verge)

Sean Hollister / The Verge: Phil Schiller testifies that the App Store drove $400B in physical sales in 2019, which Apple did not take a cut of, and Apple spends ~$50M per year on WWDC  —  And it spends $50 million on WWDC  —  Apple is trying to convince a judge that it´s not milking the App Store for all it´s worth …

Elon Musk is either trading on his unique ability to move the price of Bitcoin and Dogecoin, or just trolling, and both scenarios are bizarre and incredible (Matt Levine/Bloomberg)

Matt Levine / Bloomberg: Elon Musk is either trading on his unique ability to move the price of Bitcoin and Dogecoin, or just trolling, and both scenarios are bizarre and incredible  —  Oh Elon  —  I am sorry to keep talking about it because it is so stupid, but there really is something unprecedented and amazing …
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