Fri. 02/17 - Susan Wojcicki Rides Off Into The Sunset

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 17 February 2023

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

The US is suing Terraform Labs and Do Kwon. The UK is investigating rumors that Google paid Apple NOT to spin up its own search engine. Susan Wojcicki stepping down as YouTube CEO is a major end of an era. And, of course, the weekend longreads suggestions. Links: SEC Sues Over TerraUSD Stablecoin That Rocked Crypto (Bloomberg) What Brit watchdog redacted: Google gives Apple cut of Chrome iOS search revenue (The Register) TikTok is launching a $500,000 live trivia contest (The Verge) YouTube CEO Susan Wojcicki is stepping down (Vox) Weekend Longreads Suggestions: It’s Always Sunny Inside a Generative AI Conference (Wired) Billionaire Kuok Family-Backed Music App BandLab Taps Into AI For TikTok’s Breakout Stars (Forbes) PlayStation VR2 is exciting, exhausting and a new standard for VR (Launcher) How Rust went from a side project to the world’s most-loved programming language (MIT Technology Review) I Have No Mouth, and I Must Scream (Wikipedia) Roko's basilisk (Wikipedia) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meme Right Home for Friday, February 17th,
0:07.0	2023. I'm Brian McCullough today. The U.S. is suing Terraform Labs and Doekwan.
0:12.0	The UK is investigating rumors that Google Pay-Pra... suing Terraform Labs and Doquan.
0:12.8	The UK is investigating rumors that Google paid Apple not to spin up its own search engine.
0:18.0	Susan Wajiki is stepping down as YouTube CEO, marking a major end of an era, and of course the weekend long read suggestions.
0:26.2	Here's what you miss today in the world of tech.
0:29.8	The SEC is officially suing Terra Form Labs and its founder Doe Kwan for
0:39.0	allegedly selling unregistered securities, specifically the Terra USDA
0:43.2	stable coin and perpetrating a fraudulent scheme that lost more than
0:48.0	$40 billion in market value, according to the agency. Quoting Bloomberg.
0:53.4	The agency also accused the company and Kwan of misleading investors, including by making false statements
0:58.7	about a relationship with a popular South Korean mobile payment app called Chai and about the stability of the
1:04.7	stable coin which was marketed as maintaining a one-to-one peg to the US dollar.
1:08.8	Terraform and Kwan didn't immediately respond to requests for comment.
1:13.4	Separately, federal prosecutors in Manhattan are investigating Terraform Labs, people
1:17.5	familiar with the criminal probe said.
1:19.7	That inquiry also involves looking into the actions of Kwan they said and the
1:24.2	Commodity Futures Trading Commission has been probing the events surrounding the
1:27.4	Tara USDA USDA collapse according to one of the people familiar
1:30.3	representatives for the prosecutor's office and CFTC declined to comment.
1:34.8	Tara U.S.D. or U.S.T. was supposed to maintain its peg to the dollar through an algorithm
1:40.5	and trading in a sister token called Luna.
	...

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