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Fwd: The Briefing: Meta’s Australian Nightmare
by Gunnar Larson 30 Nov '24

30 Nov '24

My undergraduate degree is from Bond University, on Australia's Gold Coast. In 2014, Buzz Feed ranks Bond the world's #1 place to study abroad: https://www.buzzfeed.com/laraparker/the-best-places-to-study-abroad -- Tech companies have to prepare for the possibility that Australian-style bans could spread to other countries. ---------- Forwarded message --------- From: Martin Peers <info(a)theinformation.com> Date: Fri, Nov 29, 2024, 5:04 PM Subject: The Briefing: Meta’s Australian Nightmare To: <g(a)xny.io> While U.S. tech executives were tucking into their turkey on Thursday or guzzling Koia shakes, Australian lawmakers were approving a law that bans children under 16 from having a social media account. Whoa! Australia is a relatively small country whose revenue contribution to Meta Platforms, Snap or TikTok is likely minuscule. But investors have to consider the possibility that the land Down Under is the canary in the coal mine of social media regulation.͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ [image: The Information logo] <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> Nov 29, 2024 The Briefing By Martin Peers Supported by <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> *Our Black Friday sale is now live. Get **three months of The Information free* <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…>*, now through Friday, Nov. 29. The promotion includes our 2024 recap white paper collection.* ------------------------------ Greetings! While U.S. tech executives were tucking into their turkey on Thursday or guzzling Koia shakes, Australian lawmakers were approving a law <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> that bans children under 16 from having a social media account. Whoa! Australia is a relatively small country whose revenue contribution to Meta Platforms, Snap or TikTok is likely minuscule. But investors have to consider the possibility that the land Down Under is the canary in the coal mine of social media regulation. After all, the Australian law is a more aggressive variation on laws passed by many U.S. states over the past couple of years, all aimed at protecting children from the worst of social media. The U.S. state laws vary widely: some states, such as Tennessee, require social media firms to verify that parents consent to their children having an account. Age verification, to ensure social media firms know when a child holds an account, is becoming more common. (Here’s a summary of state laws <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1S…>, passed and pending.) It’s hard to say whether these efforts have had much of an impact. Then again, tech industry lobby groups have sued to block implementation of many of these laws. Tech companies are also trying to dodge responsibility for verifying who’s a kid and who’s an adult. Meta argues that the responsibility should sit with the mobile app store providers, Apple and Google. Apple says the opposite, as this Wall Street Journal report detailed <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1Z…>. But last week, The Washington Post <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1b…>reported that two Republican congresspeople were preparing a federal bill making the app stores responsible. Social media firms aren’t ignoring the broader issue. Meta, for instance, recently made Instagram accounts <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> for teens private by default, which should make it a bit harder for creepy adults to stalk kids. But given the pressure—including from mothers <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…>, as The Information recently reported—such efforts aren’t likely to be enough for social media’s critics. To be sure, how exactly Australia plans to enforce the law is very unclear, particularly as it says social media companies can’t require state IDs as an age verification tool. If politicians are as worried about kids’ safety online as they claim to be, they wouldn’t make it difficult for social media firms to verify ages. (This story we ran last week <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> shows one age verification approach.) Tech companies have to prepare for the possibility that Australian-style bans could spread to other countries. That would be particularly damaging for Snap, whose Snapchat app skews younger than those of other social media firms. But it wouldn’t be good for TikTok, Meta or even Reddit either. If nothing else, the Australian law adds to a growing assembly of international regulations that threaten to mire tech firms in an ever expanding bureaucratic bog. While engineers are tech’s most valuable source of talent today, one day soon lawyers may take precedence. The Information’s Stories of the Week The most interesting story of the week might have been Wayne Ma and Qianer Liu’s scoop about the details of next year’s Apple iPhones, including the revelation that Apple is grappling with a problem with the widely expected slim iPhone—it’s too thin to fit a physical tray for SIM cards. That could make it impossible to sell in China. There’s lot’s more in this story <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> . - Also from Qianer is this excellent piece <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…>describing how Taiwan Semiconductor Manufacturing Co. is finding it harder to stay neutral in the escalating geopolitical battle between the U.S. and China. - On the artificial intelligence front, we reported this week <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…>that a little-known U.S. startup, a Chinese quant trading firm and Alibaba have each released reasoning models that do well against OpenAI’s. That’s a surprise given that OpenAI’s groundbreaking advances in reasoning AI were hard for Google and Microsoft to replicate. We also talked with OpenAI’s chief commercial officer in this Q&A <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…>. And we broke news <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> about Amazon’s upcoming large language model and how its video-processing capabilities might draw users. We also revealed the challenges <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> TikTok’s parent, ByteDance, is having with its hopes of competing globally in AI. - Software stocks have been rallying lately, and this piece by Jon Victor and Kevin McLaughlin helps explain why: Private software startups are seeing <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> an improvement in growth after a long downturn. One software startup that appears to be doing well is Ramp, which Cory Weinberg reported <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> was discussing a share-sale deal for employees at a valuation of $11 billion, 35% above its 2022 level. - In other scoops, we broke the news <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> that Sriram Krishnan was leaving Andreessen Horowitz and was in discussions with Elon Musk about joining the Department of Government Efficiency. - Start your weekend reading with this fun piece <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> about how billboards are evolving—to the benefit of consumer startups. And don’t forget our 2024 gift guide <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> . In Other News - Canadian news publishers sued OpenAI for copyright infringement, the Associated Press reported. In Other News Industry experts call The Electric, an exclusive publication covering the nascent battery and electric vehicle revolutions, a must-read. Start reading today. <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> A message from RBC Capital Markets <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> How are investors and corporates navigating dynamic debt markets? <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> Refinancings are set to soar by 35% over the next few years as redemptions from the low-rate COVID era become due. Can corporates benefit from the favorable market to get ahead of the game? *Get expert insights on debt capital markets deal flow on Strategic Alternatives, the RBC Capital Markets podcast.* <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> New From Our Reporters <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> ExclusiveAmazon Develops Video AI Model, Hedging Its Reliance on Anthropic <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> By Kevin McLaughlin and Anissa Gardizy <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> ExclusiveByteDance’s Global AI Ambition Runs Into Obstacles <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> By Juro Osawa and Qianer Liu <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> E-commerce‘Everyone’s Desperate’: Consumer Startups Bet on Mobile Big Brother Billboards <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> By Ann Gehan <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> ShoppingThe Information’s 2024 Holiday Gift Guide <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> By The Information Staff <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> What We’re Reading Buy Now, Before Tariffs Hit, Retailers Tell Shoppers <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1b…> ------------------------------ US Assets Outpace Rest of World <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1R…> ------------------------------ AI Minecraft Characters Do Weirdly Human Stuff on Their Own <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1b…> Opportunities Group subscriptions <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> Empower your teams to stay ahead of market trends with the most trusted tech journalism. 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Read the archives <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> Follow us [image: X] <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> [image: LinkedIn] <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1Y…> [image: Facebook] <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1d…> [image: Threads] <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1c…> [image: Instagram] <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1e…> Sent to g(a)xny.io | Manage your preferences or unsubscribe <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…> | Help <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1Z…> The Information · 251 Rhode Island Street, Suite 107, San Francisco, CA 94103 <#m_-2494288825174865861_> <https://url3396.theinformation.com/ls/click?upn=u001.71kYkaWDpGOJSzbGrs4y1T…>

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Fwd: Black Friday savings continue with up to 25% off!
by Gunnar Larson 30 Nov '24

30 Nov '24

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Fwd: BLACK FRIDAY SALE: up to 25% off 🛒
by Gunnar Larson 30 Nov '24

30 Nov '24

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Fwd: ‘Everyone’s Desperate’: Consumer Startups Bet on Mobile Big Brother Billboards
by Gunnar Larson 30 Nov '24

30 Nov '24

University of Nicosia - Thinking Big in the Big Apple! www.unic.ac.cy/ ... <https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://w…> Dino Pastos watch the video in our other post. It was 60 second ad that ran 60 times on repeat for a total of 1 hour (12pm-1pm) on the NASDAQ billboard. https://www.facebook.com/photo.php?fbid=6645557808817772&set=a.169362873103… ---------- Forwarded message --------- From: The Information <hello(a)theinformation.com> Date: Fri, Nov 29, 2024, 1:34 PM Subject: ‘Everyone’s Desperate’: Consumer Startups Bet on Mobile Big Brother Billboards To: <g(a)xny.io> Read the latest article from The Information. Subscribe today and save 25% on all of our business, tech and finance reporting. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ [image: The Information] [image: The Information] <https://e.customeriomail.com/e/c/eyJlbWFpbF9pZCI6ImRnU2kwUVlEQU8yWGxBSHNsNV…> November 29, 2024 A tumultuous digital ad landscape has prompted DTC brands to * embrace an ancient form of marketing with a modernized twist* <https://www.theinformation.com/articles/everyones-desperate-consumer-startu…>. 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Re: FOIL no. 1395
by Gunnar Larson 30 Nov '24

30 Nov '24

Ms. Satra: Thank you very much for looking into this. Have a great weekend. Thank you, Gunnar ✌️ -- Gunnar Larson xNY.io - Bank.org 917-580-8053 On Fri, Nov 29, 2024, 6:54 PM Bella Satra <bella.satra(a)exec.ny.gov> wrote: > Please see the attached. The appeal is also attached for reference. > > -- > > > *Bella S. Satra* > > Assistant Counsel to the Governor > > > > > *New York State Executive Chamber* > > State Capitol, Rm 214, Albany NY 12224 > > Office: 518-474-1836 | bella.satra(a)exec.ny.gov <bella.satra(a)gmail.com> > > www.governor.ny.gov >

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Fwd: FOIL no. 1395
by Gunnar Larson 30 Nov '24

30 Nov '24

---------- Forwarded message --------- From: Bella Satra <bella.satra(a)exec.ny.gov> Date: Fri, Nov 29, 2024, 6:54 PM Subject: FOIL no. 1395 To: <g(a)xny.io> Cc: Shoshanah Bewlay (dos.ny.gov) <shoshanah.bewlay(a)dos.ny.gov>, Records _Access <records.access(a)exec.ny.gov> Please see the attached. The appeal is also attached for reference. -- *Bella S. Satra* Assistant Counsel to the Governor *New York State Executive Chamber* State Capitol, Rm 214, Albany NY 12224 Office: 518-474-1836 | bella.satra(a)exec.ny.gov <bella.satra(a)gmail.com> www.governor.ny.gov November 29, 2024 Via Email: Gunnar Larson (g(a)xny.io) RE: FOIL no. R001395-103124 Dear Gunnar Larson: This letter responds to the appeal you requested dated November 14, 2024 challenging the Executive Chamber’s (the “Chamber”) determination regarding FOIL request no. R001395-103124. 1. Background On or about October 31, 2024, you submitted FOIL request no. R001395-103124 to the Chamber, which sought: XNY.io-Bank.org seeks access to records if the Executive Chamber is aware of any international travel of Mayor Adams during this time period. By correspondence dated November 4, 2024, the Records Access Officer of the Chamber (“RAO”) notified you of its determination denying the request on the grounds that it impermissibly sought a response to a question, rather than a request for existing records. The RAO noted that the Chamber is not obligated to create a record to respond to a FOIL request. By letter dated November 14, 2024, you submitted an appeal challenging the determination. 1 2. Determination Based on my review of the matter, I agree with the RAO and do not believe that the Chamber has acted improperly or unreasonably. Rather than requesting records, Your FOIL request, as drafted, seeks the Chamber’s response or answer to a question regarding its “aware[ness]” of “any international travel of Mayor Adam….” The Freedom of Information Law does not require government agencies to respond to questions or prepare documents in response to questions. Public Officers Law § 89(3). I note that in your appeal, you reference a “film that seems to depict the records” sought. However, the Chamber is not obligated to review such a film to determine the scope of any records sought. Under the Freedom of Information Law, a request for records must be reasonably described in order to enable the agency to locate and review records for responsiveness as well as applicable exceptions. As explained earlier, the request here does not appear to seek records. The appeal dated November 14, is denied. This decision may be appealed in accordance with Article 78 of the Civil Practice Law and Rules. Very truly yours, Bella S. Satra Assistant Counsel to the Governor FOIL Appeals Officer cc: Shoshanah Bewlay, Executive Director, NYS Committee on Open Government (Shoshanah.Bewlay(a)dos.ny.gov) NYS Executive Chamber Records Access Office (records.access(a)exec.ny.gov)

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Watch "Bidens host 'Friendsgiving' dinner for military families in New York" on YouTube
by Gunnar Larson 30 Nov '24

30 Nov '24

Dear President Biden: Thank you from the top of my heart for your and First Lady Jill Biden's 'Friendsgiving' Dinner, hosted for Military families in New York. Your whit and charm have always been one of your strong points, President Biden. Thank you again for your amazing service to the United States of America. New York will always love both you and Donald Trump. Thank you Joe Biden, Gunnar Larson https://www.youtube.com/live/cvDsrDxf_u8?si=POS4F7vjSBs9DSRM

1 2

Bank.org Baby Bond Fund
by Gunnar Larson 29 Nov '24

29 Nov '24

While people are trying to corner the Mayor of New York City, we all need to keep in mind the books at the United Nations are cooked. xNY.io - Bank.org has went to NY-DFS' Superintendent on the 'cooked books' at the UN, but she must be too busy to care. UNICEF announced a CryptoFund sometime back. The Bank.org Baby Bond Fund was created as a common sense solution to all of this. ----- Bank.org Baby Bond Fund: https://docs.google.com/document/d/1RcPD2k0TIv-Ybc1e-Yg56UhN1o0HLx7Knynu7Nr… After surveying the global bond market, ironically there is no notable "world's best baby bond." Bank.org aims to meet the obvious market need for quality innovation in the baby bond economy, by launching the Bank.org Baby Bond Fund. UNICEF launched a CryptoFund as a new financial vehicle allowing UNICEF to receive, hold, and disburse cryptocurrency - a first for the United Nations. From our unique experiences in cryptocurrencies and emerging markets, our vision for the Bank.org Baby Bond Fund is to engage logic, need and opportunity to spark quality innovation in baby bond development. Below are key highlights supporting our vision behind the Bank.org Baby Bond Fund: Today, with over 40% of the world's population under 35, there is no global "kitchen table" baby bond champion. Bank.org is tactically attractive to support and justify leading developed and emerging markets as a global baby bond champion. Geopolitical influences support buy side emerging market dynamics at the heart of Bank.org Baby Bond Fund development. The Bank.org Baby Bond Fund vision is to capture an optimistic growth story, fostering a positive bond value lifecycle trade. Global population sampling summarizes the need for a mature approach to quality baby bond product development, according to UNICEF. Answering a call from UNICEF and UNDP, the Bank.org Baby Bond Fund aims to become the standard child bond financial instrument of value. Operating with the benefit of fundamentals and hindsight, it is highly likely the Bank.org Baby Bond Fund will positively impact the lives of children globally, potentially greater than cryptocurrency innovation.

1 6

Lying Lawyer Gets 2-Year Suspension From Ga. Justices
by Gunnar Larson 29 Nov '24

29 Nov '24

Lying Lawyer Gets 2-Year Suspension From Ga. Justices <https://www.law360.com/legalethics/articles/2262658?nl_pk=153d4a8a-6fb9-4a5…> By Chart Riggall The Supreme Court of Georgia hit a repeat offender attorney with a two-year suspension Tuesday for lying to the state bar, opposing counsel and his clients, at times costing those he was representing even more money in sanctions and fees after losing their cases. Opinion attached | Read full article » <https://www.law360.com/legalethics/articles/2262658?nl_pk=153d4a8a-6fb9-4a5…> | Save to favorites » <https://www.law360.com/legalethics/articles/2262658?nl_pk=153d4a8a-6fb9-4a5…>

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Purse-Case Scenarios: 'MetaBirkin' Appeal Tests TM Rights
by Gunnar Larson 29 Nov '24

29 Nov '24

Purse-Case Scenarios: 'MetaBirkin' Appeal Tests TM Rights <https://www.law360.com/fintech/articles/2260277?nl_pk=d2b3e7ef-ab62-4a62-80…> A federal court's finding that "MetaBirkin" nonfungible tokens infringed on Hermes' iconic Birkin bag imagery is now on appeal in the Second Circuit, and the order will have a lasting effect on how courts balance trademark rights and the First Amendment, say attorneys at Venable. Read full article » <https://www.law360.com/fintech/articles/2260277?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/2260277?nl_pk=d2b3e7ef-ab62-4a62-80…>

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