By Shristi Achar A and Noel Randewich U.S. stocks rallied on Monday, putting the S&P 500 within striking

Google is set to be hit with a formal antitrust complaint from the European Union that could pave

FRISCO, Texas--(BUSINESS WIRE)--Jun 12, 2023--

Most of Reddit has now gone “dark” in protest against the management of the online forum. The controversy began when Reddit announced that it would start charging for access to its API, the technology that allows other developers access to its data. Some of those developers immediately announced that the pricing was so high that it would make their apps unsustainable – and one, widely-respected client Apollo, has since said it will have to shut down. That set off outrage across Reddit. While that initially focused on the decision to start charging for access to its data, it has since grown, with many users suggesting that they are generally dissatisfied with the way the site is being managed. What has happened to Reddit? On June 12, many of the world’s biggest subreddits went “dark”. That meant setting their privacy settings to private, so that only anyone who is already a member can see them. For anyone who tries to visit those forums and is not a member – which includes most of those on Reddit, including many of its biggest – they will see a message that it has gone private and is therefore not available. In a widely circulated message explaining the outage, users explained that it was intended as a protest. Some will return on 14 June, after 48 hours of darkness, it says, but others might opt to never come back again if the problem is not addressed. That is because “many moderators aren’t able to put in the work they do with the poor tools available through the official app” the message reads. “This isn’t something any of us do lightly: we do what we do because we love Reddit, and we truly believe this change will make it impossible to keep doing what we love.” Why did Reddit change its policy? All of this began because Reddit announced that it would start charging for access to its API. Many of its users – including Christian Selig, the developer of the Apollo app that is at the centre of much of the controversy – say that this is reasonable. Reddit’s data is used by sites such as Google and to train artificial intelligence systems, for instance. And at the moment, Reddit is not paid for that usage, despite the fact that it costs the company (which is not profitable) to host that data. But it was the pricing and the way it was rolled out that caused such controversy. Mr Selig said that the pricing would cost his app $2 million per month, which is much more than storing the user data is thought to cost Reddit, and he and others were given only 30 days to respond. Which Reddit forums are part of the blackout? Almost all of them. The latest numbers suggest that 7259, out of 7806, of the site’s subreddits are currently unavailable to the public. Of the seven subreddits that have more than 30 million subscribers, all but one – r/pics – have been made private. A full, live list that shows both the subreddits that are down and the overall impact of the protest can be found on this tracking page. How can this happen? Reddit is unusual among social networks in that it depends heavily on its users, who administer the forums and moderate the content that appear on them. That saves it a lot of money – Meta, for instance, spends vast sums on ensuring that problematic content does not appear on Facebook and Instagram – and means that those users feel as if they should be listened to when it comes to such issues. It also means that they are able to take decisions that the management of Reddit might not like them to, including turning those subreddits private. Some 30,000 moderators are thought to be running the subreddits that are involved in the protest, and working together has given them considerable power to grind the site to a halt. Read More Reddit down amid major protest Popular Reddit app Apollo shuts down as site’s users revolt against it Millions of Reddit users face a blackout over pricing revolt Elon Musk refuses to pay Twitter’s Google bill, leaving site in peril Apple’s headset is not the most important thing it announced this week Mark Zuckerberg reveals what he thinks about Apple’s headset – and it’s not good

The Federal Trade Commission plans to file in federal court to prevent Microsoft and Activision-Blizzard from closing their $69 billion merger, according to a person familiar with the matter.

SAN FRANCISCO--(BUSINESS WIRE)--Jun 12, 2023--

Fortnite Cybertron Cannons can only be found as floor loot or inside of chests in Chapter 4 Season 3. Collecting one in three matches will earn you 30,000 XP.

SCHAUMBURG, Ill.--(BUSINESS WIRE)--Jun 12, 2023--

Reddit has stopped working for millions of users around the world. The mass outage comes amid a major boycott from thousands of the site’s administrators, who are protessting new changes to the platform. On 12 June, popular sub-Reddits like r/videos and r/bestof went dark in retaliation to proposed API (Application Programming Interface) charges for third-party app developers. Among the apps impacted by the new pricing is popular iOS app Apollo, which announced last week that it was unable to afford the new costs and would be shutting down. Apollo CEO Christian Selig claimed that Reddit would charge up to $20 million per year in order to operate, prompting the mass protest from Reddit communities. In a Q&A session on Reddit on Friday, the site’s CEO Steve Huffman defended the new pricing. “Some apps such as Apollo, Reddit is Fun, and Sync have decided this pricing doesn’t work for their businesses and will close before pricing goes into effect,” said Mr Huffman, who goes by the Reddit username u/spez. “For the other apps, we will continue talking. We acknowledge that the timeline we gave was tight; we are happy to engage with folks who want to work with us.” In response to the latest outage, one Reddit user wrote on Twitter: “Spez, YOU broke Reddit.” Website health monitor DownDetector registered more than 7,000 outage reports for Reddit on Monday. Some users were greeted with the message: “Something went wrong. Just don’t panic.” Others received an error warning that stated: “Our CDN [content delivery network] was unable to reach our servers.” The Independent has reached out to Reddit for further information about the issues. More to follow. Read More Popular Reddit app Apollo shuts down as site’s users revolt against it Millions of Reddit users face a blackout over pricing revolt Elon Musk refuses to pay Twitter’s Google bill, leaving site in peril Elon Musk refuses to pay Twitter’s Google bill, leaving site in peril Apple’s headset is not the most important thing it announced this week Mark Zuckerberg reveals what he thinks about Apple’s headset – and it’s not good

SEATTLE--(BUSINESS WIRE)--Jun 12, 2023--

MIAMI--(BUSINESS WIRE)--Jun 12, 2023--

Mike Novogratz’s Galaxy Digital Holdings has won the dismissal of a BitGo lawsuit over its abandoned $1.2 billion