Mia Sato / The Verge:
Instagram updates its recommendation algorithms to promote original content, impacting aggregator accounts, and increase distribution for smaller accounts — Instagram is making significant changes to how its system recommends content, with a focus on original content and increased distribution for smaller accounts.
In its first TikTok Shop Safety Report, TikTok reports 500K+ sellers in the US and 15M+ sellers worldwide in December 2023, adding 6M+ in H2 2023 (Alex Barinka/Bloomberg)
Alex Barinka / Bloomberg:
In its first TikTok Shop Safety Report, TikTok reports 500K+ sellers in the US and 15M+ sellers worldwide in December 2023, adding 6M+ in H2 2023 — – Company releases first safety report on its shopping platform — Merchants and approved users can link products for sale
NYC-based newsletter platform beehiiv raised a $33M Series B led by NEA, taking its total raised to $46.5M, and says the service has ~20K active newsletters (Ingrid Lunden/TechCrunch)
Ingrid Lunden / TechCrunch:
NYC-based newsletter platform beehiiv raised a $33M Series B led by NEA, taking its total raised to $46.5M, and says the service has ~20K active newsletters — With the number of people using e-mail globally approaching 5 billion, newsletters delivered regularly into people’s inboxes continue …
Bumble redesigns its app and adds Opening Moves, to let women ask a question men can answer, a major shift that ends the requirement that women message first (Valeriya Safronova/New York Times)
Valeriya Safronova / New York Times:
Bumble redesigns its app and adds Opening Moves, to let women ask a question men can answer, a major shift that ends the requirement that women message first — As dissatisfaction with online dating grows, the app that put women in control is shifting course.
A Finnish court sentences hacker Julius Kivimäki to six years and three months, after he breached a healthcare database and attempted to blackmail 33,000 people (BBC)
BBC:
A Finnish court sentences hacker Julius Kivimäki to six years and three months, after he breached a healthcare database and attempted to blackmail 33,000 people — One of Europe’s most wanted cyber criminals has been jailed for attempting to blackmail 33,000 people whose confidential therapy notes he stole.
PayPal reports Q1 revenue up 9% YoY to $7.7B, payment volume up 14% YoY to $404B, transaction margin dollars up 4% YoY to $3.5B, and expects 2024 profit to drop (Paige Smith/Bloomberg)
Paige Smith / Bloomberg:
PayPal reports Q1 revenue up 9% YoY to $7.7B, payment volume up 14% YoY to $404B, transaction margin dollars up 4% YoY to $3.5B, and expects 2024 profit to drop — PayPal reported a 14% increase in total payment volume to $403.9 billion in the first quarter, it said in a statement Tuesday …
In Congressional testimony, UnitedHealth CEO Andrew Witty plans to say that hackers exploited a Citrix vulnerability to breach UnitedHealth on February 12 (Zeba Siddiqui/Reuters)
Zeba Siddiqui / Reuters:
In Congressional testimony, UnitedHealth CEO Andrew Witty plans to say that hackers exploited a Citrix vulnerability to breach UnitedHealth on February 12 — Hackers broke into UnitedHealth’s (UNH.N) tech unit on Feb. 12 by exploiting a security vulnerability in software from private …
Since pleading guilty in November 2023, Changpeng Zhao has networked across the US to set up his next act; sources say CZ and Sam Altman exchanged text messages (New York Times)
New York Times:
Since pleading guilty in November 2023, Changpeng Zhao has networked across the US to set up his next act; sources say CZ and Sam Altman exchanged text messages — Since pleading guilty to violating money-laundering rules, Changpeng Zhao, who ran the giant crypto exchange Binance …
Enterprise browser startup Island raised $175M led by Sequoia and Coatue at a $3B valuation, up from $1.5B in October 2023, taking its total funding to $487M (Katie Roof/Bloomberg)
Katie Roof / Bloomberg:
Enterprise browser startup Island raised $175M led by Sequoia and Coatue at a $3B valuation, up from $1.5B in October 2023, taking its total funding to $487M — – Sequoia and Coatue lead $175 million investment in Island — Cisco-backed startup doubles in valuation since last year
Internal Oracle documents: ~6,900 workers are assigned to California offices, compared to 2,500 in Texas, despite Oracle moving its HQ to Texas three years ago (Brody Ford/Bloomberg)
Brody Ford / Bloomberg:
Internal Oracle documents: ~6,900 workers are assigned to California offices, compared to 2,500 in Texas, despite Oracle moving its HQ to Texas three years ago — – Internal documents show California remains largest office hub — Chairman Larry Ellison said Oracle will move to Nashville
