California's proposed billionaire tax appears headed for the November ballot after backers said they gathered more than 1.5 million signatures, well above the threshold needed to qualify. SF Standard reports: Backers of the initiative announced this weekend that more than 1.5 million people signed a petition to bring the one-time, 5% wealth tax to a statewide vote come November. That's well beyond the 875,000 names needed to qualify the measure, and likely sufficient to account for illegible or invalid signatures. The Service Employees International Union United Healthcare Workers West, a union representing more than 120,000 healthcare workers, pitched the tax to make up for federal spending cuts that threaten to shutter hospitals(opens in new tab) and kick millions of people off medical insurance.

Proponents of California's wealth tax estimate it would raise $100 billion in one-time revenue, even if some billionaires leave because of the measure. The nonpartisan California Legislative Analyst's Office forecasts tens of billions in upfront revenue, but cautioned that the tax could cost hundreds of millions or more a year if some billionaires move out of state. The proposal, which needs a simple majority to pass, would apply to assets of people with net worth of $1 billion or more who lived in California as of Jan. 1 this year. That means it would affect about 200 people, according to the SEIU-UHW.

It's the first "AI" Super Bowl, argues the tech/business writer at Slate, with AI company advertisements taking center stage, even while consumers insist to surveyors that they're "mostly negative" about AI-generated ads.

Last year AI companies spent over $1.7 billion on AI-related ads, notes the Washington Post, adding the blitz this year will be "inescapable" — even while surveys show Americans "doubt the technology is good for them or the world..."

Slate wonders if that means history will repeat itself... The sheer saturation of new A.I. gambits, added to the mismatch with consumer priorities, gives this year's NFL showcase the sector-specific recession-indicator vibes that have defined Super Bowls of the past. 2022 was a pride-cometh-before-the-fall event for the cryptocurrency bubble, which collapsed in such spectacular fashion later that year — thanks largely to Super Bowl ad client Sam Bankman-Fried — that none of its major brands have ever returned to the broadcast. (... the coins themselves are once again crashing, hard.) Mortgage lender Ameriquest was as conspicuous a presence in the mid-2000s Super Bowls as it was an absence in the later aughts, having folded in 2007 when the risky subprime loans it specialized in helped kick off the financial crisis. And then there were all those bowl-game commercials for websites like Pets.com and Computer.com in 2000, when the dot-com rush brought attention to a slew of digital startups that went bust with the bubble.

Does this Super Bowl's record-breaking A.I. ad splurge also portend a coming pop? Look at the business environment: The biggest names in the industry are swapping unimaginable stacks of cash exclusively with one another. One firm's stock price depends on another firm's projections, which depend on another contractor's successes. Necessary infrastructure is meeting resistance, and all-around investment in these projects is riskier than ever. And yet, the sector is still willing to break the bank for the Super Bowl — even though, time and again, we've already seen how this particular game plays out.
People are using AI apps. And Meta has aired an ad where a man in rural New Mexico "says he landed a good job in his hometown at a Meta data center," notes the Washington Post. "It's interspersed with scenes from a rodeo and other folksy tropes, in one of . The TV commercial (and a similar one set in Iowa), aired in Washington, D.C., and a handful of other communities, suggesting it's aimed at convincing U.S. elected officials that AI brings job opportunities.

But the Post argues the AI industry "is selling a vision of the future that Americans don't like." And they offer cite Allen Adamson, a brand strategist and co-founder of marketing firm Metaforce, who says the perennial question about advertising is whether it can fix bad vibes about a product.

"The answer since the dawn of marketing and advertising is no."

Australia's world-first ban blocking under-16s from major social platforms has come into effect. The BBC is live reporting the reactions "both from within Australia and outside it." From the report: I've been speaking to 12-year-old Paloma, who lives in Sydney and says she is "sad" about the ban. She spends between 30 minutes and two hours a day on social media. "I'm upset... because I am part of several communities on Snapchat and TikTok," she tells me. "I've developed good friendships on the apps, with people in the US and New Zealand, who have common interests like gaming, and it makes me feel more connected to the world."

Paloma says she regularly talks about the ups and downs of her life with a boy of the same age in New Jersey, in the US, who she knows through gaming and TikTok. "I feel like I can explore my creativity when I am in a community online with people of similar ages," she says. Everyone Paloma knows is "a bit annoyed" about the ban. By stopping them from using social media, she says "the government is taking away a part of ourselves."

Two 15-year-olds, Noah Jones and Macy Neyland, backed by a rights group, are arguing at Australia's highest court that the legislation robs them of their right to free communication. The Digital Freedom Project (DFP) announced the case had been filed in the High Court late last month. After news of the case broke, Australia's Communications Minister Anika Wells told parliament the government would not be swayed. "We will not be intimidated by threats. We will not be intimidated by legal challenges. We will not be intimidated by big tech. On behalf of Australian parents, we will stand firm," she said.

27 million people live in Australia. But there's a big change coming if you're under 16, reports CNN: From December 10, sites that meet the Australian government's definition of an "age-restricted social media platform" will need to show that they're doing enough to eject or block children under 16 or face fines of up to 49.5 million Australian dollars ($32 million). The list includes Snapchat, Facebook, Instagram, Kick, Reddit, Threads, TikTok, Twitch, X, and YouTube...

Meta says it'll start deactivating accounts and blocking new Facebook, Instagram and Threads accounts from December 4. Under-16s are being encouraged to download their content. Snap says users can deactivate their accounts for up to three years, or until they turn 16...

There's another sting in the ban, too, coming at the end of the Australian school year before the summer break in the southern hemisphere. For eight weeks, there'll be no school, no teachers — and no scrolling. For millions of children, it could be the first school break they spend in years without the company of time-killing social media algorithms, or an easy way to contact their friends. Even for parents who support the ban, it could be a very long summer.
"There's every chance that bans will spread..." the article argues. "Other countries around the world are taking notes as Australia explores new territory that some say mirrors safety evolutions of years past — the dawning realization that maybe cars need safety belts, and that perhaps cigarettes should come with some kind of health warning." And according to the Associated Press, Malaysia "has also announced plans to ban social media accounts for children under 16 starting in 2026."

But CNN reports few teenagers in Australia knew about its impending ban on social media, judging by a show of hands at one high school auditorium. Teenagers in the audience had two questions.

• "Can you get your account back when you turn 16?"
• "What if I lie about my age?"

After popular arcade games like Mortal Kombat and Spy Hunter, Midway Games jumped into the home console market, and in 2003 launched their baseball game franchise "MLB Slugfest" for Xbox, PS2, and GameCube. But at times it was almost a parody of baseball, including announcers filling the long hours of airtime with bizarre, rambling conversations. ("I read today that kitchen utensils are gonna hurt more people tonight than lifting heavy objects during the day...")

Now former Midway Games producer Mark Flitman has revealed the even weirder conversations rejected by Major League Baseball. ("Ah, baseball on a sunny afternoon. Is there anything better? We've been talking about breaking pop bottles with rocks. I guess that is...") The nonprofit Video Game History Foundation published the text in their digital archive — and shared 79 seconds of sound clips that were actually recorded but never used in the final game. ("Enjoying some smoked whale meat up here in the booth today...")

Their BlueSky post with the audio drew over 5,500 likes and 2,400 reposts, with one commenter wondering if the bizarre (and unapproved) conversations were "part of the tactic where you include overtly inappropriate content to make the stuff you actually want to keep seem more appropriate." But the Foundation's library director thinks the voice actors were just going wild. "We talked with Mark on our podcast and it sounds like they just did a lot of improv and got carried away." He added later that the game's producer "would give them prompts and they'd run with it. The voice actors (Kevin Matthews and Tim Kitzrow) have backgrounds in sports radio and comedy, so they came up with wild nonsense like this."

The gaming site Aftermath notes the Foundation also has an archive page for all the other sound files on the CD. Maybe it's the ultimate tribute to the craziness that was MLB Slugfest. Years ago some fans of the game shared their memories on Reddit...

• "The first time my friend tried to bean me and my hitter caught the ball was so hype, we were freaking out. Every game quickly evolved into trying to get our hitters to charge the mound."

• "I just remembered you could also kick the shit out of the fielder near your base if he got too close. Man that game was awesome."

• "You could do jump kicks into the catcher like Richie from The Benchwarmers."

• "Every time someone got on base we would run the ball over to them and beat their asses for 30 seconds. Good times."

Six years after the launch of the franchise, Midway Games declared bankruptcy.

Warner Bros. Discovery is preparing to crack down on HBO Max password sharing by the end of 2025, with "aggressive" enforcement and messaging starting next month. Deadline reports: JB Perrette, head of streaming and gaming at Warner Bros. Discovery said on the company's second-quarter earnings call that messaging to consumers is about to get more "aggressive." The media company looking to close the loopholes by the end of 2025, with the impact starting to appear in its financials by 2026. Several months of testing has enabled WBD to determine "who's a legitimate user who may not be a legitimate user," Perrette said. Once that is determined, he continued, the next step is to "turn on the more aggressive language around what needs to happen" in order to and make sure that "we are putting the net in the right place, so to speak."

Asked about what "inning" the process is in, to use the baseball cliche, Perrette said only the first. By the fourth quarter, he said, the process will be happening "in a much more aggressive fashion." "The message language right now has been a fairly soft, cancel-able message," he said. It will "start to get more fixed and such that people have to take action as opposed to right now, sort of having to be a voluntary process." Once those directives are established, he said, "the real benefit will start probably in the fourth quarter and then kick in in 2026."

Proton VPN reported a 1,400 percent hourly increase in signups over its baseline Friday — the day the UK's age verification law went into effect. For UK users, "apps with explicit content must now verify visitors' ages via methods such as facial recognition and banking info," notes Mashable: Proton VPN previously documented a 1,000 percent surge in new subscribers in June after Pornhub left France, its second-biggest market, amid the enactment of an age verification law there... A Proton VPN spokesperson told Mashable that it saw an increase in new subscribers right away at midnight Friday, then again at 9 a.m. BST. The company anticipates further surges over the weekend, they added. "This clearly shows that adults are concerned about the impact universal age verification laws will have on their privacy," the spokesperson said... Search interest for the term "Proton VPN" also saw a seven-day spike in the UK around 2 a.m. BST Friday, according to a Google Trends chart.
The Financial Times notes that VPN apps "made up half of the top 10 most popular free apps on the UK's App Store for iOS this weekend, according to Apple's rankings." Proton VPN leapfrogged ChatGPT to become the top free app in the UK, according to Apple's daily App Store charts, with similar services from developers Super Unlimited and Nord Security also rising over the weekend... Data from Google Trends also shows a significant increase in search queries for VPNs in the UK this weekend, with up to 10 times more people looking for VPNs at peak times...

"This is what happens when people who haven't got a clue about technology pass legislation," Anthony Rose, a UK-based tech entrepreneur who helped to create BBC iPlayer, the corporation's streaming service, said in a social media post. Rose said it took "less than five minutes to install a VPN" and that British people had become familiar with using them to access the iPlayer outside the UK. "That's the beauty of VPNs. You can be anywhere you like, and anytime a government comes up with stupid legislation like this, you just turn on your VPN and outwit them," he added...

Online platforms found in breach of the new UK rules face penalties of up to £18mn or 10 percent of global turnover, whichever is greater... However, opposition to the new rules has grown in recent days. A petition submitted through the UK parliament website demanding that the Online Safety Act be repealed has attracted more than 270,000 signatures, with the vast majority submitted in the past week. Ministers must respond to a petition, and parliament has to consider its topic for a debate, if signatures surpass 100,000.
X, Reddit and TikTok have also "introduced new 'age assurance' systems and controls for UK users," according to the article. But Mashable summarizes the situation succinctly.

"Initial research shows that VPNs make age verification laws in the U.S. and abroad tricky to enforce in practice."

In 1995's online world, AOL existed mostly beside the internet as a "walled, manicured garden," remembers Fast Company.

Then along came AOHell "the first of what would become thousands of programs designed by young hackers to turn the system upside down" — built by a high school dropout calling himself "Da Chronic" who says he used "a computer that I couldn't even afford" using "a pirated copy of Microsoft Visual Basic." [D]istributed throughout the teen chatrooms, the program combined a pile of tricks and pranks into a slick little control panel that sat above AOL's windows and gave even newbies an arsenal of teenage superpowers. There was a punter to kick people out of chatrooms, scrollers to flood chats with ASCII art, a chat impersonator, an email and instant message bomber, a mass mailer for sharing warez (and later mp3s), and even an "Artificial Intelligence Bot" [which performed automated if-then responses]. Crucially, AOHell could also help users gain "free" access to AOL. The program came with a program for generating fake credit card numbers (which could fool AOL's sign up process), and, by January 1995, a feature for stealing other users' passwords or credit cards. With messages masquerading as alerts from AOL customer service reps, the tool could convince unsuspecting users to hand over their secrets...

Of course, Da Chronic — actually a 17-year-old high school dropout from North Carolina named Koceilah Rekouche — had other reasons, too. Rekouche wanted to hack AOL because he loved being online with his friends, who were a refuge from a difficult life at home, and he couldn't afford the hourly fee. Plus, it was a thrill to cause havoc and break AOL's weak systems and use them exactly how they weren't meant to be, and he didn't want to keep that to himself. Other hackers "hated the fact that I was distributing this thing, putting it into the team chat room, and bringing in all these noobs and lamers and destroying the community," Rekouche told me recently by phone...

Rekouche also couldn't have imagined what else his program would mean: a free, freewheeling creative outlet for thousands of lonely, disaffected kids like him, and an inspiration for a generation of programmers and technologists. By the time he left AOL in late 1995, his program had spawned a whole cottage industry of teenage script kiddies and hackers, and fueled a subculture where legions of young programmers and artists got their start breaking and making things, using pirated software that otherwise would have been out of reach... In 2014, [AOL CEO Steve] Case himself acknowledged on Reddit that "the hacking of AOL was a real challenge for us," but that "some of the hackers have gone on to do more productive things."

When he first met Mark Zuckerberg, he said, the Facebook founder confessed to Case that "he learned how to program by hacking [AOL]."
"I can't imagine somebody doing that on Facebook today," Da Chronic says in a new interview with Fast Company. "They'll kick you off if you create a Google extension that helps you in the slightest bit on Facebook, or an extension that keeps your privacy or does a little cool thing here and there. That's totally not allowed."

AOHell's creators had called their password-stealing techniques "phishing" — and the name stuck. (AOL was working with federal law enforcement to find him, according to a leaked internal email, but "I didn't even see that until years later.") Enrolled in college, he decided to write a technical academic paper about his program. "I do believe it caught the attention of Homeland Security, but I think they realized pretty quickly that I was not a threat."

He's got an interesting perspective today, noting with today's AI tool's it's theoretically possible to "craft dynamic phishing emails... when I see these AI coding tools I think, this might be like today's Visual Basic. They take out a lot of the grunt work."

What's the moral of the story? "I didn't have any qualifications or anything like that," Da Chronic says. "So you don't know who your adversary is going to be, who's going to understand psychology in some nuanced way, who's going to understand how to put some technological pieces together, using AI, and build some really wild shit."

ZDNet's Steven Vaughan-Nichols marks Reddit's 20 years of being "the front page of the internet," recalling its evolution from a scrappy startup into a cultural powerhouse that shaped online discourse, meme culture, and the way millions consume news and entertainment. Slashdot is also given a subtle nod in the opening line of the article. An anonymous reader shares an excerpt: In 2005, if you were into social networks focused on links, you probably used Digg or Slashdot. However, two guys, Steve Huffman and Alexis Ohanian, recent graduates from the University of Virginia, wanted to create a hub where users could find, share, and discuss the internet's most interesting content. Little did they know where this idea would take them. After all, their concept was nothing new. Still, after Paul Graham, co-founder of Y Combinator, the startup accelerator and seed capital firm, had shot down their first idea -- a mobile food-ordering app -- they pitched what would become Reddit to Graham, and he gave it his blessing. Drawing inspiration from sites like Delicious, a now-defunct social bookmarking service, and Slashdot, Huffman and Ohanian envisioned Reddit as a platform that would combine the best aspects of both: a place for sharing timely, ephemeral news and fostering vibrant community discussions of not just technology, but any topic users cared about. Their guiding mission was to build "the front page of the internet," a simple, user-driven site where anyone could submit content, and the community, not algorithms or editors, would decide what was most important through voting and discussion. They deliberately prioritized user participation and conversation over flashy features or heavy editorial control.

What set Reddit apart from its early rivals was its framework. Instead of one large all-in-one interface, the site borrowed the idea from pre-internet online networks, such as CompuServe, of smaller sub-networks devoted to a particular topic. These user-created communities, "subreddits," quickly set it apart from other social platforms. As Laurence Sangarde-Brown, co-founder of TechTree, wrote: "This design allows users to delve into focused discussions, ask questions, and exchange ideas on a scale unmatched by other platforms." That approach was not enough, though, to kick-start Reddit. The founders had to "fake it until they made it." They seeded the site with fake accounts to make it appear more active. Their efforts paid off, as real users soon flocked to the platform. Another crucial early change was when Reddit merged with Aaron Swartz's Infogami and introduced commenting. This move was vital for laying the groundwork for the site's interactive, community-driven experience. [...]

So, where does Reddit go from here? We'll see. Reddit's legacy is one of transformation: from a scrappy startup to a global hub for conversation, collaboration, and sometimes controversy. As it celebrates 20 years, Reddit remains a testament to how important online communities can be in a world increasingly filled with AI slop. Still, Huffman believes Reddit's true value is coming. In a recent Reddit post, he wrote: "Reddit works because it's human. It's one of the few places online where real people share real opinions. That authenticity is what gives Reddit its value. If we lose trust in that, we lose what makes RedditReddit. Our focus is, and always will be, on keeping Reddit a trusted place for human conversation." Huffman concluded: "The last 20 years have proven how powerful online communities can be — and as we look ahead, I'm even more excited for what the next 20 will bring."

"Our future won't be handed to us," says the young narrator in a new ad from the nonprofit Code.org. "We will build it."

"But how can we when the education we need is still just an elective?" says another young voice...

The ad goes on to tout the power "to create with computer science and AI — the skills transforming every industry..." and ends by saying "This isn't radical. It's what education is supposed to do. Make computer science and AI a graduation requirement."

There's also a hard-hitting new web site, which urges people to sign a letter of support (already signed by executives from top tech companies including Microsoft, Dropbox, AMD, Meta, Blue Origin, and Palantir — and by Steve Ballmer, who is listed as the chairman of the L.A. Clippers basketball team).

Long-time Slashdot reader theodp says the letter ran in the New York Times, while this campaign will officially kick off Monday... Code.org teased the new Unlock8 campaign last month on social media as it celebrated a new Executive Order that makes K–12 AI literacy a U.S. priority, which it called a big win for CS & AI education, adding, "We've been building to this moment."

The move to make CS and AI a graduation requirement is a marked reversal of Code.org's early days, when it offered Congressional testimony on behalf of itself and tech-led Computing in the Core reassuring lawmakers that: "Making computer science courses 'count' would not require schools to offer computer science or students to study it; it would simply allow existing computer science courses to satisfy a requirement that already exists."

To mark Microsoft's 50th anniversary, Bill Gates has released the original Altair BASIC source code he co-wrote with Paul Allen, calling it the "coolest code" he's ever written and a symbol of the company's humble beginnings. Thurrott reports: "Before there was Office or Windows 95 or Xbox or AI, there was Altair BASIC," Bill Gates writes on his Gates Notes website. "In 1975, Paul Allen and I created Microsoft because we believed in our vision of a computer on every desk and in every home. Five decades later, Microsoft continues to innovate new ways to make life easier and work more productive. Making it 50 years is a huge accomplishment, and we couldn't have done it without incredible leaders like Steve Ballmer and Satya Nadella, along with the many people who have worked at Microsoft over the years."

Today, Gates says that the 50th anniversary of Microsoft is "bittersweet," and that it feels like yesterday when he and Allen "hunched over the PDP-10 in Harvard's computer lab, writing the code that would become the first product of our new company." That code, he says, remains "the coolest code I've ever written to this day ... I still get a kick out of seeing it, even all these years later."

Meta began notifying staff of job cuts on Monday, kick-starting a process that will terminate thousands of people as the company cracks down on "low-performers" and scours for new talent to dominate the AI race. From a report: Meta workers who were let go were notified via email, and the company is offering US-based employees severance packages that include 16 weeks of salary, in addition two weeks for each year of service, according to people familiar with the matter, who asked not to be named because the details weren't public. Employees whose review merited a bonus will still get one, and staff will still receive stock awards as part of the upcoming vesting cycle later this month, the people said.

Chief Executive Officer Mark Zuckerberg told employees that Meta would cut 5% of its workforce -- as many 3,600 people -- with a focus on staff who "aren't meeting expectations," Bloomberg News first reported in mid-January. Affected US-based employees would be notified on Feb. 10, while international employees could learn later, Zuckerberg said last month. In a separate message to managers, the Facebook co-founder said the cuts would create headcount for the company to hire the "strongest talent."

"Engineers have showcased a prototype electric vehicle that can drive for up to 40 miles (64 kilometers) per day using just solar power," reports LiveScience. The production-ready "Aptera Launch Edition" made its first appearance this month at CES 2025, and "also offers up to 400 miles (640 km) of range from a single charge via an electrical output, company representatives said in a statement."

LiveScience describes the vehicle as "lighter and more energy-efficient than conventional EVs, while offering a 50% reduction in aerodynamic resistance," with an energy efficiency rating of 100 Watt-hours per mile (Wh/mile). By contrast, a Tesla Model S (released in 2022) consumes 194 Wh/mile in the city in mild weather and 288 Wh/mile on the highway in mild weather, according to the EV Database. At a maximum range of 440 miles — including 40 miles using solar power and 400 miles using electricity — the Aptera EV may also overtake the current longest-range vehicles in production. The Mercedes-Benz EQS 450+ has a maximum range of 425 miles (684 km), according to the EV Database, followed by the Lucid Air Grand Touring at 410 miles (660 km).
Aptera says it's raised $135 million "through equity crowdfunding" to fund its pre-production progress. "Since its launch, the Company has accepted $1.7 billion in pre-orders with nearly 50,000 vehicles reserved by future Aptera owners in the U.S. and internationally."

MotorTrend writes that "nearly two decades in the making, the otherworldly three-wheel Aptera is headed to production this year as a $40,000, 400-mile EV that can capture up to 40 miles worth of free solar energy every day. Maybe." The California startup made similar promises in 2008, 2009, 2012, and 2022 and yet it has never delivered a single vehicle. Is anything different this time...?

At CES, co-CEO (and one of Aptera's original founders) Chris Anthony told MotorTrend it will take another $60 million to finish the development work, buy the tooling, and build out the Carlsbad, California, assembly plant. "We're still in fundraising mode and we hope that we inspire some people in this beautiful building (Las Vegas Convention Center) to invest in Aptera," Anthony said. "We're trying to raise $20 million in the first quarter of this year. That will basically kick off all the long-lead items to get into production, but it's a $60 million plan to get into volume production." Anthony said the company has already made one of its largest purchases, the molds for the carbon-fiber sheet-molding composite body structure and the fiberglass sheet-molding composite body panels that will be made in Italy. The next $20 million will cover the tooling for the diecast metal suspension arms and the injection-molded interior components...

It would be relatively easy for Aptera to hand build cars in a garage and announce the start of production, but the plan calls for building up to 80 cars per day per the guidance of engineering consultant and YouTuber Sandy Munro, who is an Aptera investor and adviser. "He really helped shepherd the design from what was an early prototype prove-out design into how to make the most manufacturable vehicle ever," Anthony said. The structure is built from just six parts and the entire car has been designed to be put together in a factory with just 12 stations. But that radical simplicity complicates the job at hand right now. In addition to developing the car, the small engineering team also has to create the machine that makes it. Anthony's plan has the factory ramping up to build 20,000 vehicles a year within nine months of starting production at the end of 2025.

Before that can happen, Aptera needs to clear the same hurdle that tripped it up in 2011 and sent the company stumbling into liquidation — the money. "We would love one investor to be so inspired by what we're doing that they just hand us a $60 million check," Anthony told MotorTrend. "But it could be something that's kind of piecemeal over the next nine months to get that $60 million into the company." Are you convinced?

On its 20th anniversary, Firefox "is still going strong, and it is a better browser today than it ever was," according to TechCrunch.

In an interview, Mozilla's interim CEO says one of the first things they did when was to "unlock a bunch of money towards Firefox product development... I've been in enough places where people tend to forget about the core business, and they stop investing in it, because they get distracted by shiny things — and then they regret it." "Firefox is incredibly important, and it is our core. We've actually put more investment into it this year and into connecting with our communities, into bringing out and testing features that are positive and creating good experiences for folks. That's been a huge priority for me and for the company this year, and it's showing up in the results."

She acknowledged that Mozilla doesn't have the device distribution that benefits many of Firefox's competitors, especially on mobile, but she did note that the Digital Marks Act (DMA) in Europe — which means Apple, for example, has to provide a browser choice screen on iOS — is working. "With the DMA, even though the implementation hasn't been outstanding, we're seeing a real shift. When people have the choice to choose Firefox, they're choosing Firefox," she said...

To kick-start some of this growth, Mozilla is looking at reaching new, and younger, users. Chambers noted that Mozilla is running a number of marketing campaigns to make people aware of Firefox, especially those who are only now starting to make their first browser choices. With them, she believes, Mozilla's messaging around privacy lands especially well.
In a future where browsers include AI agents that take actions on behalf of users, there might be more confidence in a browser designed for privacy and transparency, the interim CEO points out — as part of their larger mission. "What I love about Firefox is that it really provides users with an alternative choice of a browser that is just genuinely designed for them.

"We have, from its very inception and throughout, really wanted to create a browser that prioritizes people over profit, prioritizes privacy over anything else, and to have that option, the choice."

Google has reached a groundbreaking deal with California lawmakers to contribute millions to local newsrooms, aiming to support journalism amid its decline as readers migrate online and advertising dollars evaporate. The agreement also includes a controversial provision for artificial intelligence funding. Politico reports: California emulated a strategy that other countries like Canada have used to try and reverse the journalism industry's decline as readership migrated online and advertising dollars evaporated. [...] Under the deal, the details of which were first reported by POLITICO on Monday, Google and the state of California would jointly contribute a minimum of $125 million over five years to support local newsrooms through a nonprofit public charity housed at UC Berkeley's journalism school. Google would contribute at least $55 million, and state officials would kick in at least $70 million. The search giant would also commit $50 million over five years to unspecified "existing journalism programs."

The deal would also steer millions in tax-exempt private dollars toward an artificial intelligence initiative that people familiar with the negotiations described as an effort to cultivate tech industry buy-in. Funding for artificial intelligence was not included in the bill at the core of negotiations, authored by Assemblymember Buffy Wicks. The agreement has drawn criticism from a journalists' union that had so far championed Wicks' effort. Media Guild of the West President Matt Pearce in an email to union members Sunday evening said such a deal would entrench "Google's monopoly power over our newsrooms." "This public-private partnership builds on our long history of working with journalism and the local news ecosystem in our home state, while developing a national center of excellence on AI policy," said Kent Walker, chief legal officer for Alphabet, the parent company of Google.

Media Guild of the West President Matt Pearce wasn't so chipper. He criticized the plan in emails with union members, calling it a "total rout of the state's attempts to check Google's stranglehold over our newsrooms."

Disney Plus will soon no longer let you share your password with people outside your household. From a report: During an earnings call on Wednesday, Disney CEO Bob Iger said the crackdown will kick off "in earnest" this September. The timeline for Disney's password-sharing crackdown has been a bit confusing so far. In February, Disney announced plans to roll out paid sharing and also began notifying users about the change. It then launched paid sharing in a "few countries" in June but provided no information on when it would reach the US.

An anonymous reader quotes a report from Reuters: Europe's landmark rules on artificial intelligence will enter into force next month after EU countries endorsed on Tuesday a political deal reached in December, setting a potential global benchmark for a technology used in business and everyday life. The European Union's AI Act is more comprehensive than the United States' light-touch voluntary compliance approach while China's approach aims to maintain social stability and state control. The vote by EU countries came two months after EU lawmakers backed the AI legislation drafted by the European Commission in 2021 after making a number of key changes. [...]

The AI Act imposes strict transparency obligations on high-risk AI systems while such requirements for general-purpose AI models will be lighter. It restricts governments' use of real-time biometric surveillance in public spaces to cases of certain crimes, prevention of terrorist attacks and searches for people suspected of the most serious crimes. The new legislation will have an impact beyond the 27-country bloc, said Patrick van Eecke at law firm Cooley. "The Act will have global reach. Companies outside the EU who use EU customer data in their AI platforms will need to comply. Other countries and regions are likely to use the AI Act as a blueprint, just as they did with the GDPR," he said, referring to EU privacy rules.

While the new legislation will apply in 2026, bans on the use of artificial intelligence in social scoring, predictive policing and untargeted scraping of facial images from the internet or CCTV footage will kick in in six months once the new regulation enters into force. Obligations for general purpose AI models will apply after 12 months and rules for AI systems embedded into regulated products in 36 months. Fines for violations range from $8.2 million or 1.5% of turnover to 35 million euros or 7% of global turnover depending on the type of violations.

An anonymous reader quotes a report from Business Insider: If you think you've been seeing an awful lot more Reddit results lately when you search on Google, you're not imagining things. The internet is in upheaval, and for website owners the rules of "winning" Google Search have never been murkier. Google's generative AI search engine is coming from one direction. It's creeping closer to mainstream deployment and bringing an existential crisis for SEOs and website makers everywhere. Coming from the other direction is an influx of posts from Reddit, Quora, and other internet forums that have climbed up through the traditional set of Google links. Data analysis from Semrush, which predicts traffic based on search ranking, shows that traffic to Reddit has climbed at an impressive clip since August. Semrush estimated that Reddit had over 132 million visitors in August 2023. At the time of publishing, it was projected to have over 346 million visitors in April 2024.

None of this is accidental. For years, Google has been watching users tack on "Reddit" to the end of search queries and finally decided to do something about it. Google started dropping hints in 2022 when it promised to do a better job of promoting sites that weren't just chasing the top of search but were more helpful and human. Last August, Google rolled out a big update to Search that seemed to kick this into action. Reddit, Quora, and other forum sites started getting more visibility in Google, both within the traditional links and within a new "discussions and forums" section, which you may have spotted if you're US-based. The timing of this Reddit bump has led to some conspiracy theories. In February, Google and Reddit announced a blockbuster deal that would let Google train its AI models on Reddit content. Google said the deal, reportedly worth $60 million, would "facilitate more content-forward displays of Reddit information," leading to some speculation that Google promised Reddit better visibility in exchange for the valuable training data. A few weeks later, Reddit also went public.

Steve Paine, marketing manager at Sistrix, called the rise of Reddit "unprecedented." "There hasn't been a website that's grown so much search visibility so quickly in the US in at least the last five years," he told Business Insider. Right now, Reddit ranks high for product searches. Reddit's main competitors are Wikipedia, YouTube, and Fandom, Paine said, and it also competes in "high-value commercial searches," putting it up against Amazon. The "real competitors," he said, are the subreddits that compete with brands on the web. A Google spokesperson told Business Insider that the company is essentially just giving users what they want: "Our research has shown that people often want to learn from others' experiences with a topic, so we've continued to make it easier to find helpful perspectives on Search when it's relevant to a query. Our systems surface content from hundreds of forums and other communities across the web, and we conduct rigorous testing to ensure results are helpful and high quality."

The city council of Minneapolis on Thursday voted 10-3 to allow rideshare drivers to be paid the local minimum wage of $15.57 an hour, overriding the mayor's veto of the bill. As a result, Lyft and Uber said they will cease operations in the city. From a report: Lyft said in a statement the bill was "deeply flawed" and that the ordinance makes its "operations unsustainable." "We support a minimum earning standard for drivers, but it should be done in an honest way that keeps the service affordable for riders," said a Lyft spokesperson. Uber said in a statement obtained by CNN that it's "disappointed the council chose to ignore the data and kick Uber out of the Twin Cities, putting 10,000 people out of work and leaving many stranded."

The ordinance mandates rideshare drivers make at least $1.40 per mile and $0.51 per minute within Minneapolis. However, the analysis Frey referred to showed lower numbers -- $0.89 per mile and $0.49 per minute -- to make minimum wage. The mayor is imploring local politicians to come up with a solution before May 1. The rideshare services say that user prices would double if they stayed in the city.

An article in Inc notes a "wild projection" in Reddit's SEC filing that Reddit's global market opportunity by 2027 is $1.4 trillion." Some of the numbers lead back to a single individual: Sam Altman. The co-founder and chief executive of ChatGPT-maker OpenAI owns an 8.7 percent stake in Reddit, more than its co-founder and CEO, Steve Huffman, who owns 3.3 percent... Altman, through various funds and holding companies he owns or manages, controls more than a million shares of Reddit at $60 million in aggregate purchase price — and holds more than 9 percent of voting rights...

Discussing Reddit's future, financial analyst and journalist Herb Greenberg recently told CNBC, "This is an AI play."
But the senior investing editor for Kiplinger.com argues that retail investors "may want to hold tight before rushing out to buy the Reddit IPO." While IPO stocks tend to have strong first-day showings, returns for the first year are generally weak, says the team of analysts at Trivariate Research, a market research firm based in New York. And since 2020, "the average IPO has lagged its industry average by 30% over the subsequent three years following its first closing price..."

Other commenters have noted that Reddit's allotment of shares to select Redditors could lower demand on the first day of trading, which would work against any IPO pop.
"Over the past few years, there have been a bunch of IPOs in the U.S. in which overhyped names enjoyed flashy stock-market debuts only to drop sharply soon after," notes the Street. Notable examples include Coinbase, which plummeted by almost 90% after its debut, Robinhood, still down 53% since its IPO, and Rivian, down over 91% since its debut. However, it's crucial to note that all of these IPOs occurred in 2021 amid market euphoria fueled by low interest rates, significant economic stimulus, and the lingering effects of the Covid-19 pandemic. Although the current macroeconomic landscape differs from three years ago, valuations of tech and growth stocks remain stretched.
Kiplingers.com concludes it "boils down to your own personal investing goals and risk tolerance. If you do decide to buy Reddit stock when it first begins trading, do so in a small amount that you can afford to lose."

But they also cite analysis from David Trainer, CEO of New Constructs, a research firm powered by artificial intelligence. "Reddit's IPO marks the return of the junk IPO," Trainer wrote in Forbes. "[The valuation] implies that Reddit will grow its user base to 26 times current levels, which would be nearly five times the size of [Snapchat-maker] Snap, and a highly unlikely feat. Reddit looks overvalued, and we think investors should pass on this IPO."

Trainer writes: [T]he company has never been profitable and should not be a publicly traded company... I think the company may never monetize its platform without angering its users and the entire premise of Reddit is user-generated content. This business model is inescapably built on a catch-22: make money or please users... Reddit looks overvalued, and I think investors should pass on this IPO.
Buyers and analysts told the site Marketing Brew "that they see the platform as nice-to-have, but that it is not an essential part of their media plans, like Meta or Google are." "They've always been solidly in the second or third tier of social networks," alongside Snap, Pinterest, and X, Brian Wieser, a former GroupM exec who's now author of the industry newsletter Madison and Wall, told Marketing Brew.
Yet Trainer notes that "98% of Reddit's revenue in 2023 came from third-party advertising on the site and 28% of all revenue came from ten customers," and "Reddit's cost of revenue, sales & marketing, general & administrative, and research & development costs were 117% of revenue in 2023."

Trainer concludes "Reddit is nowhere near breakeven. Reddit is an unprofitable social media company fighting for users."

Bloomberg adds that the subreddit r/WallStreetBets "has threatened to bet against the stock, with many people noting that the company still loses money two decades into its existence. (Reddit lost $90.8 million last year, down from $158.6 million the year before.)" Some have complained that the invitation to invest fails to make up for the unpaid labor they've invested making the site work... In 2021 the platform's WallStreetBets forum ignited a meme-stock frenzy, propelling skyward the stocks of nostalgic but struggling companies like GameStop Corp. and AMC Entertainment Holdings Inc. and sending shockwaves through the financial industry... When it goes public, the platform that invented meme stocks runs the risk of becoming one itself.

Reddit noted the possibility as a risk in its IPO filing. "Given the broad awareness and brand recognition of Reddit, including as a result of the popularity of r/wallstreetbets among retail investors," the company warned that its stock could "experience extreme volatility ... which could cause you to lose all or part of your investment if you are unable to sell your shares at or above the initial offering price."

Users on WallStreetBets got a kick out of the fact that the company listed the forum as a risk factor, posting about it with a sly smiling emoji...
Meanwhile, reports that marketers are infiltrating subreddits have been confirmed. Over 200 businesses have "integrated Reddit Pro into their digital strategies," reports Search Engine Land, including "well-known names such as Taco Bell, the NFL, and The Wall Street Journal...

"During the initial alpha testing phase with approximately 20 businesses, Reddit reported its Pro partners, on average, generated 11 additional posts and comments per month."