France is to trial a ban on mobile phones at school for pupils up to the age of 15, seeking to give children a "digital pause" that, if judged successful, could be rolled out nationwide from January. From a report: Just under 200 secondary schools will take place in the experiment that will require youngsters to hand over phones on arrival at reception. It takes the prohibition on the devices further than a 2018 law that banned pupils at primary and secondary schools from using their phones on the premises but allowed them to keep possession of them. Announcing the trial on Tuesday, the acting education minister, Nicole Belloubet, said the aim was to give youngsters a "digital pause." If the trial proves successful, the ban would be introduced in all schools from January, Belloubet said.

A commission set up by the president, Emmanuel Macron, expressed concern that the overexposure of children to screens was having a detrimental effect on their health and development. A 140-page report published in March concluded there was "a very clear consensus on the direct and indirect negative effects of digital devices on sleep, on being sedentary, a lack of physical activity and the risk of being overweight and even obese ... as well as on sight."

An anonymous reader shares a report: The U.S. military is using ads to warn people across Lebanon not to attack the United States or its allies amid rising tensions across the Middle East. Some of those ads have turned up in an unlikely place: the dating app Tinder. Freelance reporter Seamus Malekafzali posted on X screenshots of the ads seen in the Tinder app, warning residents of Lebanon to "not take up arms."

The ads, written in Arabic, say that the U.S. will "protect its partners in the face of threats from the Iranian regime and its proxies," which operate across the region, referring to groups like Hezbollah located in Lebanon. The ads, which are not clandestine in nature, display the logo of U.S. Central Command and link to a tweet featuring F-16 and A10 fighter jets. These kinds of military psychological operations (or psyops), aimed at influencing the views of a target audience or population, are not new, even if their placement on a dating app is raising eyebrows in the military community, the Washington Post reported Tuesday.

An anonymous reader shares a report: Newspaper giant Gannett is shutting down Reviewed, its product reviews site, effective November 1st, according to sources familiar with the decision. The site offers recommendations for products ranging from shoes to home appliances and employs journalists to test and review items -- but has also been at the center of questions around whether its work is actually produced by humans.

"After careful consideration and evaluation of our Reviewed business, we have decided to close the operation. We extend our sincere gratitude to our employees who have provided consumers with trusted product reviews," Reviewed spokesperson Lark-Marie Anton told The Verge in an email. But the site more recently has been the subject of scrutiny, at times by its own unionized employees. Last October, Reviewed staff publicly accused Gannett of publishing AI-generated product reviews on the site. The articles in question were written in a strange, stilted manner, and staff found that the authors the articles were attributed to didn't seem to exist on LinkedIn and other platforms. Some questioned whether they were real at all. In response to questions, Gannett said the articles were produced by a third-party marketing company called AdVon Commerce and that the original reviews didn't include proper disclosure. But Gannett denied that AI was involved.

The state-sponsored Chinese hacking campaign known as Volt Typhoon is exploiting a bug in a California-based startup to hack American and Indian internet companies, according to security researchers. From a report: Volt Typhoon has breached four US firms, including internet service providers, and another in India through a vulnerability in a Versa Networks server product, according to Lumen's unit Black Lotus Labs. Their assessment, much of which was published in a blog post on Tuesday, found with "moderate confidence" that Volt Typhoon was behind the breaches of unpatched Versa systems and said exploitation was likely ongoing.

Versa, which makes software that manages network configurations and has attracted investment from Blackrock and Sequoia Capital, announced the bug last week and offered a patch and other mitigations. The revelation will add to concerns over the susceptibility of US critical infrastructure to cyberattacks. The US this year accused Volt Typhoon of infiltrating networks that operate critical US services, including some of the country's water facilities, power grid and communications sectors, in order to cause disruptions during a future crisis, such as an invasion of Taiwan.

Dozens of former AI researchers from Google who struck out on their own are learning that startups are tricky. The Information: The latest example is French AI agent developer H, which lost three of its five cofounders (four of whom are ex-Googlers) just months after announcing they had raised $220 million from investors in a "seed" round, as our colleagues reported Friday. The founders had "operational and business disagreements," one of them told us.

The drama at H follows the quasi-acquisitions of Inflection, Adept and Character, which were each less than three years old and founded mostly by ex-Google AI researchers. Reka, another AI developer in this category, was in talks to be acquired by Snowflake earlier this year. Those talks, which could have valued the company at $1 billion, fell apart in May. AI image developer Ideogram, also cofounded by four ex-Googlers, has spoken with at least one later-stage tech startup about potential sale opportunities, though the talks didn't seem to go anywhere, according to someone involved in the discussions.

Cohere, whose CEO co-authored a seminal Google research paper about transformers with Noam Shazeer, the ex-CEO of Character, has also faced growing questions about its relatively meager revenue compared to its rivals. For now, though, it has a lot of money in the bank. Has someone put a curse on startups founded by ex-Google AI researchers?

An anonymous reader quotes a report from Bloomberg: People in a quiet neighborhood in Carthage, a town in Moore County, North Carolina, heard a series of six loud pops a few minutes before 8:00 p.m. on Dec. 3, 2022. A resident named Michael Campbell said he ducked at the sound. Another witness told police they thought they were hearing fireworks. The noise turned out to be someone shooting a rifle at a power substation next door to Campbell's home. The substation, operated by the utility Duke Energy Corp., consists of equipment that converts electricity into different voltages as it's transported to the area and then steered into individual houses. The shots hit the radiator of an electrical transformer, a sensitive piece of technology whose importance would likely be understood only by utility company employees. It began dumping a "vast amount" of oil, according to police reports. A subsequent investigation has pointed to a local right-wing group, one of a wave of attacks or planned attacks on power infrastructure.

By 8:10 the lights in Carthage went out. Minutes later, a security alarm went off at a Duke Energy substation 10 miles away, this one protected from view by large pine trees. When company personnel responded, they found that someone had shot its transformer radiator, too. Police found shell casings on the ground at the site and noticed someone had slashed the tires on nearby service trucks. The substations were designed to support each other, with one capable of maintaining service if the other went down. Knocking out both facilities prevented the company from rerouting power. Police described the two incidents as a coordinated attack. About 45,000 families and businesses remained dark for four days. This was a burden for area grocery stores and local emergency services. One woman, 87-year-old Karin Zoanelli, died in the hours after the shooting when the blackout caused her oxygen machine to stop operating. The North Carolina Medical Examiner's office classified the death as a homicide.

The attack on Duke's facilities in Moore County remains unsolved, but law enforcement officials and other experts suspect it's part of a rising trend of far-right extremists targeting power infrastructure in an attempt to sow chaos. The most ambitious of these saboteurs hope to usher in societal collapse, paving the way for the violent overthrow of the US government, according to researchers who monitor far-right communities. Damaging the power grid has long been a fixation of right-wing extremists, who have plotted such attacks for many years. They've been getting a boost recently from online venues such as "Terrorgram," a loose network of channels on the social media platform Telegram where users across the globe advocate violent white supremacism. In part, people use Terrorgram to egg one another on -- a viral meme shows a stick figure throwing a Molotov cocktail at electrical equipment. People on the forum have also seized on recent anti-immigration riots in the UK, inciting people there to clash with police. In June 2022, months before the Moore County shootings, users on the forum began offering more practical support in the form of a 261-page document titled "Hard Reset," which includes specific directions on how to use automatic weapons, explosives and mylar balloons to disrupt electricity. One of the document's suggestions is to shoot high-powered firearms at substation transformers.

In a letter to the House Judiciary Committee, Meta CEO Mark Zuckerberg expressed regret for not being more vocal about "government pressure" to censor COVID-19-related content. He also acknowledged that Meta shouldn't have demoted a New York Post story about President Biden's family before the 2020 election. The Hill reports: Zuckerberg said senior Biden administration officials "repeatedly pressured" Meta, the parent company of Facebook and Instagram, to "censor" content in 2021. "I believe the government pressure was wrong, and I regret that we were not more outspoken," he wrote to House Judiciary Chair Jim Jordan (R-Ohio). "Like I said to our teams at the time, I feel strongly that we should not compromise our content standards due to pressure from any Administration in either direction -- and we're ready to push back if something like this happens again," Zuckerberg added.

The Meta CEO also said the company "shouldn't have demoted" a New York Post story about corruption allegations involving President Biden's family ahead of the 2020 election while waiting for fact-checkers to review it. The social media company has since updated its policies and processes, including no longer demoting content in the U.S. while waiting for fact-checkers, he noted. Zuckerberg also said in Monday's letter that he does not plan to make contributions to local jurisdictions to support election infrastructure this cycle, like he did during the 2020 election.

The contributions, which were "designed to be non-partisan," were accused of being unfairly distributed between left-leaning and right-leaning areas and labeled "Zuckerbucks" by Republicans. "Still, despite the analyses I've seen showing otherwise, I know that some people believe this work benefited one party over the other," Zuckerberg said. "My goal is to be neutral and not play a role one way or another -- or to even appear to be playing a role." House Judiciary Republicans touted the letter as a "big win for free speech," writing on X: "Mark Zuckerberg just admitted three things: 1. Biden-Harris Admin 'pressured' Facebook to censor Americans. 2. Facebook censored Americans. 3. Facebook throttled the Hunter Biden laptop story."

"Mark Zuckerberg also tells the Judiciary Committee that he won't spend money this election cycle. That's right, no more Zuck-bucks. Huge win for election integrity," it added.

Samsung Electronics said it will provide Tizen OS updates for its newer TVs for at least seven years, starting with models released in March this year and some 2023 models. Business Korea reports: [Yoon Seok-woo, President of Samsung Electronics' Visual Display Business Division] emphasized that the seven-year free upgrade for Tizen applied to AI TVs would help Samsung widen the market share gap with Chinese competitors. Tizen, an in-house developed OS, has been applied to over 270 million Samsung smart TVs as of last year, making it the world's largest smart TV platform and a key player in leading the Internet of Things (IoT) era. "AI TV will act as the hub of the AI home, connecting other AI appliances like refrigerators and air conditioners," Yoon explained. "We will expand the AI home era by enabling users to monitor and control peripheral devices through the TV even when it is off or when the user is away." This connectivity is a key differentiator from Chinese competitors, according to Yoon.

In the first half of this year, Samsung Electronics maintained the top spot in the global TV market with a 28.8% market share by revenue. However, the combined market share of Chinese companies TCL and Hisense has reached 22.1%, indicating fierce competition.

Telegram founder and CEO Pavel Durov was arrested Saturday night by French authorities on allegations that his social media platform was being used for child pornography, drug trafficking and organized crime. The move sparked debate over free speech worldwide from prominent anti-censorship figures including Elon Musk, Robert F. Kennedy. Jr. and Edward Snowden. However, "the immediate freakout came from Russia," reports Politico. "That's because Telegram is widely used by the Russian military for battlefield communications thanks to problems with rolling out its own secure comms system. It's also the primary vehicle for pro-war military bloggers and media -- as well as millions of ordinary Russians." From the report: "They practically detained the head of communication of the Russian army," Russian military blogger channel Povernutie na Z Voine said in a Telegram statement. The blog site Dva Mayora said that Russian specialists are working on an alternative to Telegram, but that the Russian army's Main Communications Directorate has "not shown any real interest" in getting such a system to Russian troops. The site said Durov's arrest may actually speed up the development of an independent comms system. Alarmed Russian policymakers are calling for Durov's release.

"[Durov's] arrest may have political grounds and be a tool for gaining access to the personal information of Telegram users," the Deputy Speaker of the Russian Duma Vladislav Davankov said in a Telegram statement. "This cannot be allowed. If the French authorities refuse to release Pavel Durov from custody, I propose making every effort to move him to the UAE or the Russian Federation. With his consent, of course." Their worry is that Durov may hand over encryption keys to the French authorities, allowing access to the platform and any communications that users thought was encrypted.

French President Emmanuel Macron said Monday that the arrest of Durov was "in no way a political decision." The Russian embassy has demanded that it get access to Durov, but the Kremlin has so far not issued a statement on the arrest. "Before saying anything, we should wait for the situation to become clearer," said Kremlin spokesperson Dmitry Peskov. However, officials and law enforcement agencies were instructed to clear all their communication from Telegram, the pro-Kremlin channel Baza reported. "Everyone who is used to using the platform for sensitive conversations/conversations should delete those conversations right now and not do it again," Kremlin propagandist Margarita Simonyan said in a Telegram post. "Durov has been shut down to get the keys. And he's going to give them."

Microsoft has retracted or clarified its statement regarding the deprecation of Windows Control Panel, according to changes made to a support document. The original text, which stated that the Control Panel was "in the process of being deprecated in favor of the Settings app," has been revised. The new version now indicates that "many of the settings in Control Panel are in the process of being migrated to the Settings app." This modification came after widespread media coverage of the initial announcement. It remains unclear whether this change reflects a shift in Microsoft's plans or a correction of an erroneous statement.

An anonymous reader quotes a report from CBC.ca: Prime Minister Justin Trudeau announced Monday Canada will impose punitive tariffs on Chinese-made electric vehicles -- copying a similar initiative that the U.S. is already pursuing to stop a flood of what's been described as unfairly state-subsidized cars. Trudeau made the announcement at the federal cabinet retreat in Halifax where ministers are meeting to craft a strategy for the year ahead -- the last year before an expected federal election in October 2025. Amid industry pressure to copy the U.S. program, Trudeau said a 100 percent surtax will be levied on all Chinese-made EVs, effective Oct. 1. The tariff would effectively double the price of imported vehicles, as it is expected most of the tax would be passed on to consumers.

Ottawa is following through now, Trudeau said, to "level the playing field for Canadian workers" and allow Canada's nascent EV industry to compete at home, in North America and globally. The tariff will apply to electric and certain hybrid passenger automobiles, trucks, buses and delivery vans. Chinese brands like BYD are not a major player in Canada's EV market right now but imports from China have exploded in recent years as Tesla switched from U.S. factories for its Canadian sales to its manufacturing plant in Shanghai. The new tariff will apply to those Shanghai-made Teslas that are sold in Canada -- a development that is expected to force the U.S. automaker to supply the Canadian market with vehicles made at one if its other plants in the U.S. or Europe instead. "Unfortunately, Canada made a decision today that will result in fewer affordable electric vehicles for Canadians, less competition and more climate pollution," said Joanna Kyriazis, director of public affairs at Clean Energy Canada. "Not only could today's announcement have a chilling effect on future EV sales, it could drive up EV prices and slow adoption in the near-term as well," Kyriazis said.

Flavio Volpe, the president of the Automotive Parts Manufacturers' Association who lobbied Ottawa to follow through with matching the U.S. tariffs, responded: "Sure, what the Chinese are doing is selling us green products that help fulfill some of our EV mandates, but they do it in a regulatory environment where they forgo any stewardship of the environment," he said.

Deputy Prime Minister Chrystia Freeland added that the Chinese industry is "built on abysmal labour standards and it is built on abysmal environmental standards."

An anonymous reader quotes a report from the Financial Times: Ikea is taking on the likes of eBay, Craigslist, and Gumtree with a peer-to-peer marketplace for customers to sell secondhand furniture to each other. Ikea Preowned will be tested in Madrid and Oslo until the end of the year with the aim of rolling out the buying and selling platform globally, according to Jesper Brodin, chief executive of Ingka, the main operator of Ikea stores. [...] Ikea has had a small offering under which it buys used furniture from customers and resells it in store. But the new platform is more ambitious, aiming to tackle the secondhand market for customers selling directly to each other -- an area where Brodin estimates Ikea has a higher market share than in new furniture sales. Customers enter their product, their own pictures, and a selling price, while Ikea's own artificial intelligence-enabled database brings in its own promotional images and measurements. The buyer collects the furniture directly from the seller, who has the option of receiving money or a voucher from Ikea with a 15 percent bonus.

"Very often there is a monopoly or oligopoly on platforms that operate," said Brodin, talking about eBay or digital classified ad services such as Gumtree in the UK and Finn in Norway. Finn has 8,700 items from Ikea listed in Oslo alone. Early offerings on Ikea Preowned include large items such as sofas for up to $670 (600 euros) and wardrobes for $500 (450 euros) as well as smaller items such as a toilet roll holder for $4.50 (4 euros). Listings are free, but Brodin said Ikea could eventually charge "a symbolic fee, a humble fee." He added: "We're going to verify the full scope including the economics. If a lot of people use the offer to get a discount with Ikea -- it's a good way to reconnect with customers. I am very curious. I think it makes business sense." Ikea has previously tested selling its new furniture on third-party platforms such as Alibaba's Tmall in China, but the Preowned platform marks its first foray into secondhand marketplaces. It also dovetails with the retailer's wish to become "circular and climate positive" by 2030.

Pavel Durov, the Russian-born billionaire co-founder of the Telegram messaging app, was arrested in France in connection with an investigation into criminal activity on the platform and a lack of cooperation with law enforcement, prosecutors announced on Monday. From a report: Durov, who has French citizenship, was detained at Le Bourget airport, just outside Paris, on Saturday evening after arriving from Azerbaijan on his private jet. His surprise arrest has sparked debate over free speech worldwide and led to an outcry in Moscow. The Paris prosecutor Laure Beccuau said the investigation concerned crimes related to illicit transactions, child sexual abuse, fraud and the refusal to communicate information to authorities.

Earlier in the day the French president, Emmanuel Macron, gave the first confirmation that Durov had been arrested as part of a judicial inquiry in relation to Telegram. "In a state governed by the rule of law, freedoms are upheld within a legal framework, both on social media and in real life, to protect citizens and respect their fundamental rights," Macron wrote on X, adding that the arrest was "in no way a political decision." "It is up to the judiciary, in full independence, to enforce the law," he said. A senior official at Ofmin, a French agency set up last year to prevent violence against children, said Durov's arrest was linked to Telegram's failure to properly fight crime on the app, including the spread of child sexual abuse material.

Car buyers are increasingly skeptical of advanced automotive technologies, a new JD Power survey reveals. The study found that while drivers appreciate practical innovations like blind spot monitoring, they see little value in features such as automatic parking systems and passenger-side infotainment screens. The survey measured user experiences with new vehicle technologies. Results show that systems partially automating driving tasks had low perceived usefulness, aligning with recent Insurance Institute for Highway Safety data indicating no safety improvements from such features. The survey identified AI-based smart climate control as popular among users. However, facial recognition, fingerprint scanners, and gesture controls were largely viewed negatively.

Google may be the most successful company in the world. But a Washington Post reporter argues that Google "makes you largely responsible for dodging the criminals who are hurting legitimate businesses and swindling people." On Monday, I found what appeared to be impostors of customer service for Delta and Coinbase, the cryptocurrency company, in the "People also ask" section high up in Google. A group of people experienced in Google's intricacies also said this week that it took about 22 minutes to fool Google into highlighting a bogus business phone number in a prominent spot in search results...

If you look at the two impostor phone numbers in Google for Delta and Coinbase, there are red flags. There are odd fonts and a website below the bogus numbers that wasn't for either company. (I notified Google about the apparent scams on Monday and I still saw them 24 hours later.) The correct customer help numbers did appear at the very top, and Google says businesses have clear instructions to make their customer service information visible to people searching Google.
The larger issue is "a persistent pattern of bad guys finding ways to trick Google into showing scammers' numbers for airlines, hotels, local repair companies, banks or other businesses." The toll can be devastating when people are duped by these bogus business numbers. Fortune recently reported on a man who called what a Google listing said was Coinbase customer support, and instead it was an impostor who Fortune said tricked the man and stole $100,000...

Most of the time, you will find correct customer service numbers by Googling. But the company doesn't say how often people are tricked out of time and money by bogus listings — nor why Google can't stop the scams from recurring.
The article makes two points.

• Google says when they identify listings violating their rules, they move quickly against them.

• "Impostor numbers pop up so persistently that I am once again begging you to be wary of Google or Google Maps listings for business phone numbers... You still might see bogus phone numbers in some spots in Google. And if you're stressed trying to find help with a flight or a financial problem, you might overlook warning signs. Scams work because humans make errors in judgment, especially when we're confused or panicky. And business impostors aren't always obvious."

A university in Taiwan was breached with "a previously unseen backdoor (Backdoor.Msupedge) utilizing an infrequently seen technique," Symantec reports. The most notable feature of this backdoor is that it communicates with a command-and-control server via DNS traffic... The code for the DNS tunneling tool is based on the publicly available dnscat2 tool. It receives commands by performing name resolution... Msupedge not only receives commands via DNS traffic but also uses the resolved IP address of the C&C server (ctl.msedeapi[.]net) as a command. The third octet of the resolved IP address is a switch case. The behavior of the backdoor will change based on the value of the third octet of the resolved IP address minus seven...

The initial intrusion was likely through the exploit of a recently patched PHP vulnerability (CVE-2024-4577). The vulnerability is a CGI argument injection flaw affecting all versions of PHP installed on the Windows operating system. Successful exploitation of the vulnerability can lead to remote code execution.

Symantec has seen multiple threat actors scanning for vulnerable systems in recent weeks. To date, we have found no evidence allowing us to attribute this threat and the motive behind the attack remains unknown.
More from The Record: Compared to more obvious methods like HTTP or HTTPS tunneling, this technique can be harder to detect because DNS traffic is generally considered benign and is often overlooked by security tools. Earlier in June, researchers discovered a campaign by suspected Chinese state-sponsored hackers, known as RedJuliett, targeting dozens of organizations in Taiwan, including universities, state agencies, electronics manufacturers, and religious organizations. Like many other Chinese threat actors, the group likely targeted vulnerabilities in internet-facing devices such as firewalls and enterprise VPNs for initial access because these devices often have limited visibility and security solutions, researchers said.
Additional coverage at The Hacker News.

Thanks to Slashdot reader joshuark for sharing the article.

The nonprofit American Radio Relay League — founded in 1914 — has approximately 161,000 members, according to Wikipedia (with over 7,000 members outside the U.S.)

But sometime in early May its systems network was compromised, "by threat actors using information they had purchased on the dark web," the nonprofit announced this week. The attackers accessed the ARRL's on-site systems — as well as most of its cloud-based systems — using "a wide variety of payloads affecting everything from desktops and laptops to Windows-based and Linux-based servers." Despite the wide variety of target configurations, the threat actors seemed to have a payload that would host and execute encryption or deletion of network-based IT assets, as well as launch demands for a ransom payment, for every system... The FBI categorized the attack as "unique" as they had not seen this level of sophistication among the many other attacks, they have experience with.

Within 3 hours a crisis management team had been constructed of ARRL management, an outside vendor with extensive resources and experience in the ransomware recovery space, attorneys experienced with managing the legal aspects of the attack including interfacing with the authorities, and our insurance carrier. The authorities were contacted immediately as was the ARRL President... [R]ansom demands were dramatically weakened by the fact that they did not have access to any compromising data. It was also clear that they believed ARRL had extensive insurance coverage that would cover a multi-million-dollar ransom payment. After days of tense negotiation and brinkmanship, ARRL agreed to pay a $1 million ransom. That payment, along with the cost of restoration, has been largely covered by our insurance policy...

Today, most systems have been restored or are waiting for interfaces to come back online to interconnect them. While we have been in restoration mode, we have also been working to simplify the infrastructure to the extent possible. We anticipate that it may take another month or two to complete restoration under the new infrastructure guidelines and new standards.
ARRL's called the attack "extensive", "sophisticated", "highly coordinated" and "an act of organized crime". And tlhIngan (Slashdot reader #30335) shared this detail from BleepingComputer.

"While the organization has not yet linked the attack to a specific ransomware operation, sources told BleepingComputer that the Embargo ransomware gang was behind the breach."

Volkswagen said this week it would wait to see where EV demand goes before building out the last three of its six planned battery factories. And now Ford has also cancelled its planned electric SUV and delayed production of an all-new electric pickup, according to CNBC, moves Ford now believes could cost up to $1.9 billion.

But Ford isn't giving up. Ford's COO told CNBC Thursday that "We're quite convinced that the highest adoption rates for electric vehicles will be in the affordable segment on the lower size-end of the range." Instead of the three-row SUV or large pickup, the company's first new EV is expected to be a commercial van in 2026, followed the next year by a midsized pickup and then the T3 full-size pickup... And the midsize pickup is scheduled to be the first vehicle from a specialized "skunkworks" team in California. The company had tasked the team two years ago with developing a new small EV platform... "In ICE, a business we've been in for 120 years, the bigger the vehicle, the higher the margin. But it's exactly the opposite for EVs...."

Ford's current EVs — the Mustang Mach-E crossover, F-150 Lightning and a commercial van in the U.S. — are not profitable overall. The Model e operations have lost nearly $2.5 billion during the first half of this year and lost $4.7 billion in 2023. The losses, as well as changing market conditions and business plans, caused Ford earlier this year to withdraw an ambitious 8% profit margin for its EV unit by 2026.

Investors and Wall Street analysts have largely supported the EV changes, most recently sending the company's shares up about 2.3% since the announcement earlier this week, despite the expected costs. "Overall, these changes will position Ford to benefit from growing demand for EVs, while also focusing on areas in which it has a Core competitive advantage," BofA's John Murphy wrote Wednesday in an investor note... The updates are the latest for Ford's electrification plans, which now include a heavy focus on hybrid and plug-in hybrid electric vehicles, or PHEVs, to assist in meeting tightening fuel economy regulations in addition to all-electric vehicles. Ford CFO John Lawler said Wednesday that the company's future capital expenditure plans will shift from spending about 40% on all-electric vehicles to spending 30%... "What we saw in '21 and '22 was a temporary market spike where the demand for EVs really took off," Gjaja told CNBC during an interview earlier this year. "It's still growing but not nearly at the rate we thought it might have in '21, '22."
The article also points out that while Ford is discontinuing its giant electric SUV, Ford's rival GM is doing exactly the opposite: America's largest automaker has pulled back spending and delayed many of its EVs, but it has several large all-electric vehicles on sale coming soon... As recently as last month, GM reconfirmed expectations for its EVs to be profitable on a production, or contribution-margin basis, once it reaches output of 200,000 units by the fourth quarter. A GM spokesman Thursday said the automaker continues "to work to reach variable profit positive during the fourth quarter."
The article also notes "an industrywide fear that Chinese automakers could be able to flood markets with cheaper, more profitable EVs," with Chinese automakers like BYD "quickly growing exports of vehicles to Europe and other countries..."

After announcing it had 200 million active users earlier this month, Threads is now "testing the option for users to put a 24-hour expiration timer on their posts," writes Engadget: A spokesperson confirmed to TechCrunch that the feature is being tested among a group of users after it was first spotted earlier this summer by developer Alessandro Paluzzi...

It comes a few months after Instagram head Adam Mosseri shared that Threads was experimenting with auto-archiving. That optional feature would let users designate a date for their posts to be hidden from the feed. But Threads users in the past have indicated that they largely aren't into the idea of automatic archiving, and such a feature hasn't yet shown up on a wider scale.

Six months after going public, Reddit "is winning over advertisers," reports Bloomberg, "by showing that it's different than other internet platforms, which often rely on users' identities and personal information to target ads." Instead, Reddit is targeting people based on their interests, relying on the site's [100,000+] deeply detailed communities — called subreddits — to match advertisers with potential customers... Early returns on that strategy have been promising. The text-based site easily surpassed expectations in its first two earnings reports this year, disclosing strong sales and better-than-expected projected growth. The stock is up 66% from its $34 initial public offering price in March.

Beyond targeting subreddits, the company also can use specific keywords to sell what it calls conversation ads. If a Redditor in r/HydroHomies — a community about the benefits of drinking water that has more than 1.2 million users — asks for advice about a specific brand of water bottle, an ad for that exact product could appear next to that user's post. These conversation ads are the fastest-growing ad format on the platform, the company said. They also give marketers a chance to appear in subreddits where customers are already talking about them...

Despite being around for close to 20 years, Reddit only started investing heavily in its advertising business in 2018, and is now hoping that marketers and investors are ready to acknowledge the site has grown up. Executives often point to its unique form of content moderation as proof that it's a safer place for brands than other sites. Reddit largely relies on a group of more than 60,000 human moderators — users who volunteer to serve as a sort of content police — to flag or take down unsavory content. On top of that, the site has a voting system so users can rate the quality of content. "From everything we're seeing, they have a level of brand safety and content safety for advertisers that is very comparable to most other social platforms," said Jack Johnston, senior social innovation director at performance marketing agency Tinuiti, which buys ads on Meta, Pinterest, X and Reddit. "That wasn't necessarily the case a couple years ago."

Those improvements have paid dividends. Reddit recently signed new content partnerships with major sports leagues, including the NFL, NBA and MLB, and the majority of Reddit's advertising revenue comes from Fortune 500 companies. Last year, the site made close to $800 million in ad sales, and counts marquee brands like Toyota, Disney, Samsung and Ulta Beauty among its advertisers. This year, analysts expect Reddit's overall advertising business to eclipse $1.1 billion in revenue and see the company reaching $2 billion in sales as soon as 2027, according to data compiled by Bloomberg. To get there, Reddit will need to court smaller marketers, too. The company makes more than 25% of its revenue from just 10 advertisers, meaning any unexpected pullback from a key partner could have a significant impact on the company's business, said Dan Salmon, lead analyst at New Street Research. "This army of small businesses — that's the most important thing for all of those platforms, for Reddit, for Pinterest, for X," he said...

Advertisers large and small say they're already planning to spend more on Reddit in the coming quarters.
The article points out that more than 90 million people visit Reddit each day.