TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., Reuters reported Thursday, citing sources. From the report: The algorithms TikTok relies on for its operations are deemed core to ByteDance overall operations, which would make a sale of the app with algorithms highly unlikely, said the sources close to the parent. TikTok accounts for a small share of ByteDance's total revenues and daily active users, so the parent would rather have the app shut down in the U.S. in a worst case scenario than sell it to a potential American buyer, they said.

A shut-down would have limited impact on ByteDance's business while the company would not have to give up its core algorithm, said the sources, who declined to be named as they were not authorised to speak to the media. It said late on Thursday in a statement posted on Toutiao, a media platform it owns, that it had no plan to sell TikTok, in response to an article by The Information saying ByteDance is exploring scenarios for selling TikTok's U.S. business without the algorithm that recommends videos to TikTok users.

Apple has rejected Spotify's new version of its iOS app with in-app pricing information for users in the European Union, the audio streaming firm said on Thursday. Reuters: The Swedish company submitted a new version of its app to Apple with basic pricing and website information, which is a minimum requirement under the European Commission's ruling in its music streaming case, it said in a post on X on Wednesday. Spotify said the Cupertino, California based-Apple rejected its update in a response directly sent to the company.

"Apple has once again defied the European Commission's decision, rejecting our update for attempting to communicate with customers about our prices unless we pay Apple a new tax. Their disregard for consumers and developers is matched only by their disdain for the law," a spokesperson for Spotify said in a statement. In March, Brussels fined Apple with 1.84 billion euros ($1.97 billion) for thwarting competition from music streaming rivals via restrictions on its App Store, marking its first ever EU antitrust penalty, following a 2019 complaint from Spotify.

Samantha Cole reports via 404 Media: A Japan-based online art platform is banning kink content for users based in the US and UK, as laws in these countries continue to tighten around sites that allow erotic content. Pixiv is an image gallery site where artists primarily share illustrations, manga, and novels. The site announced on April 22 that starting April 25, users whose account region is set to the US or UK will be subject to Pixiv's new terms of use, "Restrictions for Healthy Expression in Specific Countries and Regions."

The restrictions include several kinds of content that are illegal in the US, including sexualized depictions of minors and bestiality, as well as non-consensual depictions and deepfakes. But it also includes "content that appeals to the prurient interest, is patently offensive in light of community standards where you are located or where such content may be accessed or distributed, lacks serious literary, artistic, political, or scientific value, or otherwise violates any applicable obscenity laws, rules or regulations." This is an invocation of the Miller test, which determines non-constitutionally protected obscenity. "I'd never say this a few years ago, but it's my personal fear that the next step is most major internet hosting services implementing these policies on an infrastructure level," said an artist who goes by kradeelav. "My colleagues are certainly planning for it by specifically looking for kink-friendly hosts, to actually making homebrew servers themselves in worst-case scenarios."

Similar to the way Google makes its mobile OS Android open source, Meta announced it is opening up its Quest headset's operating system to rival device makers. Reuters reports: The move will allow partner companies to build their headsets using Meta Horizon OS, a rebranded operating system that brings capabilities like gesture recognition, passthrough, scene understanding and spatial anchors to the devices that run on it, the company said in a blog post. The social media company said partners Asus and Lenovo would use the operating system to build devices tailored for particular activities. Meta is also using it to make a limited edition version of the Quest headset "inspired by" Microsoft's Xbox gaming console, according to the company's statement. [...]

In a video posted on Zuckerberg's Instagram account, he previewed examples of specialized headsets partners might make: a lightweight device with sweat-wicking materials for exercise, an immersive high-resolution one for entertainment and another equipped with sensation-inducing haptics for gaming. Meta said in its blog post that ASUS' Republic of Gamers is developing a gaming headset and Lenovo is working on an MR device for productivity, learning, and entertainment using the Horizon OS. Zuckerberg said it may take a few years for these devices to launch. [...] Meta said the Meta Horizon OS includes Horizon Store, renamed from Quest Store, to download apps and experiences. The platform will work with a mobile companion app now called Meta Horizon app. While Google is reportedly working on an Android platform for VR and MR devices, Meta has called on Google to bring the Play Store to Quest, saying: "Because we don't restrict users to titles from our own app store, there are multiple ways to access great content on Meta Horizon OS, including popular gaming services like Xbox Game Pass Ultimate, or through Steam Link or our Air Link system for wirelessly streaming PC software to headsets. And we encourage the Google Play 2D app store to come to Meta Horizon OS, where it can operate with the same economic model it does on other platforms."

"Should Google bring the Play Store to Horizon OS, Meta says Google would be able to operate it on the 'same economic model' as it does on Android," notes 9to5Google. "In theory, that could actually represent a better payout for developers compared to what's been reported for Meta's store, but Meta does specifically say '2D app store,' implying VR/XR apps wouldn't be in the Play Store on Horizon OS."

Glance, which operates a popular lockscreen platform targeting Android smartphones, is setting its sights on the U.S. market. From a report: The Indian startup recently commenced a pilot program in partnership with Motorola and Verizon in the U.S., with plans for a full launch in the country later this year, sources familiar with the matter told TechCrunch. The Bengaluru-headquartered startup, backed by investors, including Google and Jio Platforms, has already made significant inroads in India, Southeast Asia, and Japan, where it expanded last year. According to a person familiar with the matter, Glance's lockscreen platform today reaches more than 450 million smartphones and is active on about 300 million of them, delivering those customers a customized feed of news, local events, sports updates, media content, and interactive games directly to their lockscreens without requiring them to install additional apps. The recently launched Moto G Power smartphone in the U.S. shipped with Glance's platform, the report says.

Further reading: Motorola Spoiled a Good Budget Phone With Bloatware.

A military court in Moscow on Monday sentenced Meta spokesperson Andy Stone to six years in prison for "publicly defending terrorism," a verdict handed down in absentia, RIA news agency reported. Reuters: Meta itself is designated an extremist organisation in Russia and its Facebook and Instagram social media platforms have been banned in the country since 2022 when Russia invaded Ukraine.

[...] Russia's interior ministry opened a criminal investigation into Stone late last year, without disclosing specific charges. RIA cited state investigators as saying Stone had published online comments that defended "aggressive, hostile and violent actions" towards Russian soldiers involved in what Moscow calls its "special military operation" in Ukraine.

The co-founder of Silicon Valley-based software testing startup HeadSpin was sentenced Friday to 18 months in prison and a $1 million fine, reports SFGate — for defrauding investors. Lachwani pleaded guilty to two counts of wire fraud and a count of securities fraud in April 2023, after federal prosecutors accused him of, for years, lying to investors about HeadSpin's finances to raise more money. HeadSpin, founded in 2015, grew to a $1.1 billion valuation by 2020 with over $115 million in funding from investors including Google Ventures and Iconiq Capital... He had personally altered invoices, lied to the company accountant and sent slide decks with fraudulent information to investors, [according to the government's 2021 criminal complaint]...

Breyer, per the New York Times, rejected Lachwani's lawyer's argument that because HeadSpin investors didn't end up losing money, he should receive a light sentence. The judge, who often oversees tech industry cases, reportedly said: "If you win, there are no serious consequences — that simply can't be the law." Still, the sentencing was far lighter than it could have been. The government's prosecuting attorneys had asked for a five-year prison term.
The New York Times reported in December that HeadSpin's financial statements had "often arrived months late, if at all, investors said in legal declarations," while the company's financial department "consisted of one external accountant who worked mostly from home using QuickBooks." And the comnpany also had no human resources department or organizational chart... After Manish Lachwani founded the Silicon Valley software start-up HeadSpin in 2015, he inflated the company's revenue numbers by nearly fourfold and falsely claimed that firms including Apple and American Express were customers. He showed a profit where there were losses. He used HeadSpin's cash to make risky trades on tech stocks. And he created fake invoices to cover it all up.

What was especially breathtaking was how easily Mr. Lachwani, now 48, pulled all that off... [HeadSpin] had no chief financial officer, had no human resources department and was never audited. Mr. Lachwani used that lack of oversight to paint a rosier picture of HeadSpin's growth. Even though its main investors knew the start-up's financials were not accurate, according to Mr. Lachwani's lawyers, they chose to invest anyway, eventually propelling HeadSpin to a $1.1 billion valuation in 2020. When the investors pushed Mr. Lachwani to add a chief financial officer and share more details about the company's finances, he simply brushed them off. These details emerged this month in filings in U.S. District Court for the Northern District of California after Mr. Lachwani had pleaded guilty to three counts of fraud in April...

The absence of controls at HeadSpin is part of an increasingly noticeable pattern at Silicon Valley start-ups that have run into trouble. Over the past decade, investors in tech start-ups were so eager to back hot companies that many often overlooked reckless behavior and gave up key controls like board seats, all in the service of fast growth and disruption. Then when founders took the ethos of "fake it till you make it" too far, their investors were often unaware or helpless...

Now, amid a start-up shakeout, more frauds have started coming to light. The founder of the college aid company Frank has been charged, the internet connectivity start-up Cloudbrink has been sued, and the social media app IRL has been investigated and sued. Last month, Mike Rothenberg, a Silicon Valley investor, was found guilty on 21 counts of fraud and money laundering. On Monday, Trevor Milton, founder of the electric vehicle company Nikola, was sentenced to four years in prison for lying about Nikola's technological capabilities.
The Times points out that similarly, FTX only had a three-person board "with barely any influence over the company, tracked its finances on QuickBooks and used a small, little-known accounting firm." And that Theranos had no financial audits for six years.

The EU's European Data Protection Board oversees its privacy-protecting GDPR policies.

Earlier this week, TechCrunch reported that nearly two dozen civil society groups and nonprofits wrote the Board an open letter "urging it not to endorse a strategy used by Meta that they say is intended to bypass the EU's privacy protections for commercial gain."

Meta's strategy is sometimes called "Pay or Okay," writes long-time Slashdot reader AmiMoJo : Meta offers users a choice: "consent" to tracking, or pay over €250/year to use its sites without invasive monetization of personal data.
Meta prefers the phrase "subsccription for no ads," and told TechCrunch it makes them compliant with EU laws: A raft of complaints have been filed against Meta's implementation of the pay-or-consent tactic since it launched the "no ads" subscription offer last fall. Additionally, in a notable step last month, the European Union opened a formal investigation into Meta's tactic, seeking to find whether it breaches obligations that apply to Facebook and Instagram under the competition-focused Digital Markets Act. That probe remains ongoing.
The letter to the Board called for "robust protections that prioritize data subjects' agency and control over their information." And Wednesday the board issued its first decision:

"[I]n most cases, it will not be possible for [social media services] to comply with the requirements for valid consent, if they confront users only with a choice between consenting to processing of personal data for behavioural advertising purposes and paying a fee." The EDPB considers that offering only a paid alternative to services which involve the processing of personal data for behavioural advertising purposes should not be the default way forward for controllers. When developing alternatives, large online platforms should consider providing individuals with an 'equivalent alternative' that does not entail the payment of a fee. If controllers do opt to charge a fee for access to the 'equivalent alternative', they should give significant consideration to offering an additional alternative. This free alternative should be without behavioural advertising, e.g. with a form of advertising involving the processing of less or no personal data.
EDPB Chair, Anu Talus added: "Controllers should take care at all times to avoid transforming the fundamental right to data protection into a feature that individuals have to pay to enjoy."

"Workers installing a light pole in Missouri cut into a fiber line," reports the Associated Press, knocking out 911 phone service "for emergency agencies in Nebraska, Nevada and South Dakota, an official with the company that operates the line said Thursday." In Kansas City, Missouri, workers installing a light pole for another company Wednesday cut into a Lumen Technologies fiber line, Lumen global issues director Mark Molzen said in an email to The Associated Press. Service was restored within 2 1/2 hours, he said. There were no reports of 911 outages in Kansas City...

The Dundy County Sheriff's Office in Nebraska warned in a social media post Wednesday night that 911 callers would receive a busy signal and urged people to instead call the administrative phone line. About three hours later, officials said mobile and landline 911 services had been restored. In Douglas County, home to Omaha and more than a quarter of Nebraska's residents, officials first learned there was a problem when calls from certain cellphone companies showed up in a system that maps calls but didn't go through over the phone. Operators started calling back anyone whose call didn't go through, and officials reached out to Lumen, which confirmed the outage. Service was restored by 4 a.m.

Kyle Kramer, the technical manager for Douglas County's 911 Center, said the outage highlights the potential problems of having so many calls go over the same network. "As things become more interconnected in our modern world, whether you're on a wireless device or a landline now, those are no longer going over the traditional old copper phone wires that may have different paths in different areas," Kramer said. "Large networks usually have some aggregation point, and those aggregation points can be a high risk."

Kramer said this incident and the two previous 911 outages he has seen in the past year in Omaha make him concerned that communications companies aren't building enough redundancy into their networks.
South Dakota officials called the state-wide outage "unprecedented," with their Department of Public Safety reporting the outage lasted two hours (though texting to 911 still worked in most locations — and of course, people could still call local emergency services using their non-emergency lines.) America's FCC has already begun an investigation.



The article notes that "The outages, ironically, occurred in the midst of National Public Safety Telecommunicators Week."

Thanks to long-time Slashdot reader davidwr for sharing the article.

The U.S. House of Representatives just passed its long-delayed Ukraine aid bill. But along with it they also approved a bill banning TikTok "if its Chinese owner does not sell the video app," according to NPR: While lawmakers in the House advanced a similar bill last month, this effort is different for two reasons: It is attached to a sweeping foreign aid bill providing support for Ukraine and Israel. And it addresses concerns from some members of the Senate by extending the deadline for TikTok to find a buyer. President Biden supports the effort. That means TikTok being forced to sell, or face a possible ban, is on the fast-track to becoming law. It would mark the first time ever the U.S. government has passed a law that could shut down an entire social media platform, setting the stage for what is expected to be a protracted legal battle... TikTok says it has built a firewall between its headquarters in Los Angeles and its parent company in Beijing, but some reports indicate U.S. user data does still move between the two.

While there has been no evidence made public that Chinese government officials have accessed Americans' information through TikTok, the idea that China has the theoretical ability to weaponize an app used by half of America has been enough to set off an all-out crackdown. In Saturday's vote, 360 Representatives voted in favor of the sell-or-be-banned TikTok bill, while just 58 voted against it.

Ben Schoon reports via 9to5Google: Google's Arif Dikici confirmed on LinkedIn this week that Android is now using VideoLAN's (the makers of VLC) "dav1d" software decoder to allow AV1 to work on more devices. This is now available on all devices running Android 12 or higher via a software update. Mishaal Rahman points out that this started to roll out with the March 2024 Google Play system update.

Dikici says that "most" devices can at least support 720p at 30 frames per second, but that apps will need to opt in "for now" to support AV1 via software decoding. One app that has opted in is YouTube, which now uses AV1 on all compatible devices (though it may have reverted this). This may result in increased power usage depending on your device, though. Improvements on that front may be coming, though, says VideoLAN on Twitter/X.

An anonymous reader quotes a report from The Atlantic: In October 2003, Mark Zuckerberg created his first viral site: not Facebook, but FaceMash. Then a college freshman, he hacked into Harvard's online dorm directories, gathered a massive collection of students' headshots, and used them to create a website on which Harvard students could rate classmates by their attractiveness, literally and figuratively head-to-head. The site, a mean-spirited prank recounted in the opening scene of The Social Network, got so much traction so quickly that Harvard shut down his internet access within hours. The math that powered FaceMash -- and, by extension, set Zuckerberg on the path to building the world's dominant social-media empire -- was reportedly, of all things, a formula for ranking chess players: the Elo system.

Fundamentally, what an Elo rating does is predict the outcome of chess matches by assigning every player a number that fluctuates based purely on performance. If you beat a slightly higher-ranked player, your rating goes up a little, but if you beat a much higher-ranked player, your rating goes up a lot (and theirs, conversely, goes down a lot). The higher the rating, the more matches you should win. That is what Elo was designed for, at least. FaceMash and Zuckerberg aside, people have deployed Elo ratings for many sports -- soccer, football, basketball -- and for domains as varied as dating, finance, and primatology. If something can be turned into a competition, it has probably been Elo-ed. Somehow, a simple chess algorithm has become an all-purpose tool for rating everything. In other words, when it comes to the preferred way to rate things, Elo ratings have the highest Elo rating. [...]

Elo ratings don't inherently have anything to do with chess. They're based on a simple mathematical formula that works just as well for any one-on-one, zero-sum competition -- which is to say, pretty much all sports. In 1997, a statistician named Bob Runyan adapted the formula to rank national soccer teams -- a project so successful that FIFA eventually adopted an Elo system for its official rankings. Not long after, the statistician Jeff Sagarin applied Elo to rank NFL teams outside their official league standings. Things really took off when the new ESPN-owned version of Nate Silver's 538 launched in 2014 and began making Elo ratings for many different sports. Some sports proved trickier than others. NBA basketball in particular exposed some of the system's shortcomings, Neil Paine, a stats-focused sportswriter who used to work at 538, told me. It consistently underrated heavyweight teams, for example, in large part because it struggled to account for the meaninglessness of much of the regular season and the fact that either team might not be trying all that hard to win a given game. The system assumed uniform motivation across every team and every game. Pretty much anything, it turns out, can be framed as a one-on-one, zero-sum game. Arpad Emmerich Elo, creator of the Elo rating system, understood the limitations of his invention. "It is a measuring tool, not a device of reward or punishment," he once remarked. "It is a means to compare performances, assess relative strength, not a carrot waved before a rabbit, or a piece of candy given to a child for good behavior."

Adult content companies Pornhub, Stripchat and XVideos will have to do risk assessment reports and take measures to address systemic risks linked to their services to comply with new EU online content rules, the European Commission said on Friday. From a report: The three companies were designated as very large online platforms last December under the Digital Services Act (DSA) which requires them to do more to remove illegal and harmful content on their platforms. Pornhub and Stripchat will have to comply with these DSA obligations, among the strictest, on April 21 and XVideos on April 23, the EU executive said. "These specific obligations include submitting risk assessment reports to the Commission, putting in place mitigation measures to address systemic risks linked to the provision of their services," it said in a statement.

A software glitch in the "ticket in, cash out" (TICO) machines at Star Casino in Sydney, Australia, saw it inadvertently give away $2.05 million over several weeks. This glitch allowed gamblers to reuse a receipt for slot machine winnings, leading to unwarranted cash payouts which went undetected due to systematic failures in oversight and audit processes. The Register reports: News of the giveaway emerged on Monday at an independent inquiry into the casino, which has had years of compliance troubles that led to a finding that its operators were unsuitable to hold a license. In testimony [PDF] given on Monday to the inquiry, casino manager Nicholas Weeks explained that it is possible to insert two receipts into TICO machines. That was a feature, not a bug, and allowed gamblers to redeem two receipts and be paid the aggregate amount. But a software glitch meant that the machines would return one of those tickets and allow it to be re-used -- the barcode it bore was not recognized as having been paid.

"What occurred was small additional amounts of cash were being provided to customers in circumstances when they shouldn't have received it because of that defect," Weeks told the inquiry. Local media reported that news of the free cash got around and 43 people used the TICO machines to withdraw money to which they were not entitled -- at least one of them a recovering gambling addict who fell off the wagon as the "free" money allowed them to fund their activities. Known abusers of the TICO machines have been charged, and one of those set to face the courts is accused of association with a criminal group. (The first inquiry into The Star, two years ago, found it may have been targeted by organized crime groups.)

Trump Media & Technology Group Corp., which has been called the "mother of all meme stocks" after it made its stock market debut in late March, announced that its Truth Social platform is moving to launch a live TV streaming platform. Following the news, shares of DJT closed more than 14% lower Tuesday. They ended trading Monday down by more than 18%. CNBC reports: The stock's price has dropped by a whopping 67.7% since Trump Media began trading as a public company on March 26, erasing more than $5 billion in market capitalization. Trump Media's majority shareholder is former President Donald Trump, who holds nearly 60% of its stock.

Earlier Tuesday, Trump Media in a press release said it "has finished the research and development phase of its new live TV streaming platform and will begin scaling up its own content delivery network." The company said it will roll out streaming content in three phases, the first of which will introduce Truth Social's content delivery network for streaming live TV to the app for Android, iOS and web. Phase two will release stand-alone Truth Social streaming apps for phones, tablets and other devices, while phase three will release such apps for home television, Trump Media said. "The streaming content is expected to focus on live TV including news networks, religious channels, family-friendly content including films and documentaries; and other content that has been cancelled, is at risk of cancellation, or is being suppressed on other platforms and services," Trump Media said in its release.

"We're excited to move forward with the next big phase for Truth Social," added CEO Devin Nunes in a statement. "With our streaming content, we aim to provide a permanent home for high-quality news and entertainment that face discrimination by other channels and content delivery service. There is a lot of great content that simply can't find an audience for unjust reasons, and we want to let these creators know they'll soon have a guaranteed platform where they won't be cancelled."

404 Media: An online service is scraping Discord servers en masse, archiving and tracking users' messages and activity across servers including what voice channels they join, and then selling access to that data for as little as $5. Called Spy Pet, the service's creator says it scrapes more than ten thousand Discord servers, and besides selling access to anyone with cryptocurrency, is also offering the data for training AI models or to assist law enforcement agencies, according to its website.

The news is not only a brazen abuse of Discord's platform, but also highlights that Discord messages may be more susceptible to monitoring than ordinary users assume. Typically, a Discord user's activity is spread across disparate servers, with no one entity, except Discord itself, able to see what messages someone has sent across the platform more broadly. With Spy Pet, third-parties including stalkers or potentially police can look up specific users and see what messages they've posted on various servers at once. "Have you ever wondered where your friend hangs out on Discord? Tired of basic search tools like Discord.id? Look no further!" Spy Pet's website reads. It claims to be tracking more than 14,000 servers, 600 million users, and includes a database of more than 3 billion messages.

The SEC has blocked third-party messaging apps and texts from employees' work phones, "bringing its own practices closer to the standards it's enforcing for the industry," reports Bloomberg. From the report: The SEC's decision to block disappearing-messaging apps will help improve record-keeping and address potential security vulnerabilities at the agency, which saw one of its social-media accounts compromised earlier this year. It follows about $3 billion in fines imposed on financial firms to settle allegations that they failed to keep adequate records of work-related communications on mobile devices and apps such as Signal and Meta's WhatsApp.

The scrutiny prompted Wall Street to overhaul how employees communicate on business matters using mobile phones. Meanwhile, the SEC took a hard look at policies covering its own staff's communications on agency-issued phones. The agency has restricted access to third-party messaging applications, as well as SMS (short message service) and iMessage texts "to lower risk that our systems could be compromised and to enhance recordkeeping," an SEC spokeswoman said in an emailed statement. The process of blocking the apps began in September and has continued over the past several months, she added.

An anonymous reader quotes a report from NPR: An owl. A sharky looking bullet. The Hindu deity Ganesh. The Yin and Yang sign. All painstakingly selected and etched onto a microchip that measures about an inch square. Each microscopic silicon doodle was the handiwork of engineers at Qualcomm Incorporated, a San Diego-based company that creates wireless technology-related products and services. The engineers slipped the drawings into Qualcomm's Q1650 data decoder with care not to disturb any of the chip's functions. They were purposeless etchings, never meant to be uncovered.

These doodles, also known as silicon art, chip graffiti or chip art, and dozens others like it, are remnants of tech history -- from Silicon Valley's infancy to the early 2000s -- when innovation was rapid fire and the tech still had a very human touch. Engineers would add the sketches to their microchip designs in the techie equivalent of signing their artwork. They'd etch them on chips that may end up in your cellphone, laptop or calculator. They spent hours crafting them, even though they were frowned upon by those in the C Suite.

The existence of these doodles came to light decades ago, but social media is discovering them anew. And there is now a small but determined group of online hobbyists working to keep that history alive. They are still cataloguing the miniscule drawings -- many smaller than the width of a human hair and can't be seen without a microscope. These devotees post glossy videos of themselves shucking chips like oysters to see their iridescent insides and the itsy bitsy sketches that may be hidden on them. And they are eagerly saving them from the scrap heap.

The Justice Department is preparing to sue Live Nation as soon as next month [non-paywalled link], an antitrust challenge that could spur major changes at the biggest name in concert promotion and ticketing. WSJ: The agency is preparing to file an antitrust lawsuit against the Ticketmaster parent in the coming weeks that would allege the nation's biggest concert promoter has leveraged its dominance in a way that undermined competition for ticketing live events, according to people familiar with the matter.

The specific claims the department would allege couldn't be learned. The federal government opted out of trying to block Live Nation and Ticketmaster's 2010 tie up. Since then, the company has faced accusations of exorbitant ticket fees, flawed customer service and anticompetitive practices from lawmakers, regulators and state attorneys general. Critics of the merger say it has stifled competition in ticketing and that the company should be broken up. Live Nation's size and power in concert promotion, ticketing and venues are at the heart of a Justice Department investigation that began in 2022. The investigation gained momentum in November 2022 after Ticketmaster crashed during a fan presale to Taylor Swift's "Eras Tour."

An anonymous reader quotes a report from Ars Technica: Federal prosecutors indicted a Nebraska man on charges he perpetrated a cryptojacking scheme that defrauded two cloud providers -- one based in Seattle and the other in Redmond, Washington -- out of $3.5 million. The indictment, filed in US District Court for the Eastern District of New York and unsealed on Monday, charges Charles O. Parks III -- 45 of Omaha, Nebraska -- with wire fraud, money laundering, and engaging in unlawful monetary transactions in connection with the scheme. Parks has yet to enter a plea and is scheduled to make an initial appearance in federal court in Omaha on Tuesday. Parks was arrested last Friday. Prosecutors allege that Parks defrauded "two well-known providers of cloud computing services" of more than $3.5 million in computing resources to mine cryptocurrency. The indictment says the activity was in furtherance of a cryptojacking scheme, a term for crimes that generate digital coin through the acquisition of computing resources and electricity of others through fraud, hacking, or other illegal means.

Details laid out in the indictment underscore the failed economics involved in the mining of most cryptocurrencies. The $3.5 million of computing resources yielded roughly $1 million worth of cryptocurrency. In the process, massive amounts of energy were consumed. [...] Prosecutors didn't say precisely how Parks was able to trick the providers into giving him elevated services, deferring unpaid payments, or failing to discover the allegedly fraudulent behavior. They also didn't identify either of the cloud providers by name. Based on the details, however, they are almost certainly Amazon Web Services and Microsoft Azure. If convicted on all charges, Parks faces as much as 30 years in prison.