Guests will soon be able to filter their search results by the total cost of the stay before taxes, which will include additional compulsory charges such as cleaning fees. The Verge reports: The appearance of these fees separate from nightly rates has long been criticized for deceptively making accommodations appear more affordable. Airbnb chief executive Brian Chesky shared the announcement on Twitter along with a video demonstrating how the planned "display total price" switch can be enabled to display the total cost of nightly rates and fees, with that price displaying on search results, map, price filter, and individual listing pages.

A full price breakdown of Airbnb's service fees, discounts, and taxes will also be made available, and the total price of accommodation will be prioritized over nightly rates in the Airbnb search algorithm. "The highest quality homes with the best total prices will rank higher in search results," says Chesky. "We started as an affordable alternative to hotels, and affordability is especially important today. During this difficult economic time, we need to help our Hosts provide great value to you." [...] The transparent pricing toggle is set to roll out sometime in December, alongside new pricing and discount tools for hosts to allow for more competitive rates. In other Airbnb-related news, the European Commission said Airbnb, along with other short-term home rental companies, will have to share data on the number of people using their platforms under proposed EU rules. "The new proposed rules will help to improve transparency on the identification and activity of short-term accommodation hosts, and on the rules they have to comply with, and will facilitate the registration of hosts," the Commission said in a statement.

"They will also tackle the current fragmentation in how online platforms share data and, ultimately, help prevent illegal listings. Overall, this will contribute to a more sustainable tourism ecosystem and support its digital transition," it said.

Hot on the heels of Binance CEO Changpeng "CZ" Zhao declaring that Binance is liquidating its stash of FTX's native exchange token FTT, mass withdrawals from FTX have accelerated, with weekly stablecoin outflows from FTX reaching a whopping $451 million, according to Nansen data. Conversely, Binance has seen net inflows of more than $411 million over the same period. Decrypt reports: This mass exiting of tokens from the FTX exchange comes amid reports that Alameda Research, the trading firm founded by Sam Bankman-Fried, held as much as $5.8 billion in the exchange's native FTT token -- $3.66 billion in "unlocked FTT" and $2.16 billion in "FTT collateral." Given such large exposure to FTT, some have speculated that this could mean a liquidity crisis for Alameda should the markets move against FTT, dropping the token's value.

Shortly after these reports hit the market, CZ took to Twitter to announce that he would be offloading the firm's FTT holdings. Binance received funds in FTT as part of its exit last year from an early equity position in FTX it had since 2019. "Due to recent revelations that have come to light, we have decided to liquidate any remaining FTT on our books," CZ tweeted on Sunday. CZ said that he "won't support people who lobby against other industry players behind their backs."

The FTX boss also cited Alameda Research CEO Caroline Ellison, who said, "that specific balance sheet is for a subset of our corporate entities." Ellison also claimed that the firm has over $10 billion of assets "that aren't reflected there." SBF went on to thank "those who stay level-headed during crazy times," adding that withdrawals and deposits at FTX were working fine and the exchange had already processed "billions of dollars" worth of transactions. As for Binance's decision to dump its FTT holdings, Ellison offered to buy the exchange's remaining FTT holdings over-the-counter (OTC) for $22 if CZ was looking to "minimize the market impact" of the sudden move. UPDATE 11/7/22, UTC 04:33: "Fears over another 'Three Arrows' event, but this time tied to FTX and its hybrid investment fund/market maker Alameda Research, gripped the markets Tuesday morning Asia time, sending FTX's exchange token FTT down nearly 20%," reports CoinDesk in an updated article. "Data from CoinGlass shows that there continues to be building short interest in FTT as open interest has surged 8% during the last hour to a total of $215 million."

Meta is planning to begin large-scale layoffs this week, WSJ reported over the weekend, citing people familiar with the matter, in what could be the largest round in a recent spate of tech job cuts after the industry's rapid growth during the pandemic. From the report: The layoffs are expected to affect many thousands of employees and an announcement is planned to come as soon as Wednesday, according to the people. Meta reported more than 87,000 employees at the end of September. Company officials already told employees to cancel nonessential travel beginning this week, the people said.

The planned layoffs would be the first broad head-count reductions to occur in the company's 18-year history. While smaller on a percentage basis than the cuts at Twitter Inc. this past week, which hit about half of that company's staff, the number of Meta employees expected to lose their jobs could be the largest to date at a major technology corporation in a year that has seen a tech-industry retrenchment.

By Tuesday morning Mastodon had gained 123,562 new users since October 27 (the site told TechCrunch) and had 528,607 active users. But by Saturday the number of new users had nearly doubled, to 230,000, reports CNN — with 655,000 active users.

In fact, for every 363 active users on Twitter, there's now one on Mastodon, CNN's figures suggest (since Twitter has nearly "238 million daily active monetizable users"). Exploring the recent spike, they note that Mastodon "has a similar look to Twitter, with a timeline of short updates sorted chronologically rather than algorithmically. It lets users join a slew of different servers run by various groups and individuals, rather than one central platform controlled by a single company like Twitter, Instagram, or Facebook." Unlike larger social networks, Mastodon is both free to use and free of ads. It's operated by a nonprofit run by Mastodon creator Eugen Rochko, and is supported via crowdfunding... "It is not as large as Twitter, obviously, but it is the biggest that this network has ever been," said Rochko, who originally created Mastodon as more of a project than a consumer product (and, yes, its name was inspired by the heavy metal band Mastodon)....

A lot of Mastodon's features and layout (particularly in its iOS app) will look and feel familiar to current Twitter users, though with some slightly different verbiage; you can follow others, create short posts (there's a 500 character limit, and you can upload images and videos), favorite or repost other users' posts, and so on.... There are some key differences, particularly in how the network is set up. Because Mastodon users' accounts are hosted on a slew of different servers, the costs of hosting users is spread among many different people and groups. But that also means users are spread out all over the place, and people you know can be hard to find.
CNN also notes the problem with signing up for a Mastodon server: "some of which are open to anyone, some of which require an invitation (you can also run your own server). There is a server operated by the nonprofit behind Mastodon, Mastodon.social, but it's not accepting more users."

"An Apple archivist has had his YouTube account disabled after Apple filed multiple takedown requests against his account," reports the blog Apple Insider: Brendan Shanks, owner of the Apple WWDC Videos channel on YouTube, tweeted that Apple had filed a series of copyright removal requests against his channel. The videos in question were decades-old recordings of WWDC events.
"I still have all the original files (and descriptions, which were a lot of work!), and I'll be moving things over to the Internet Archive," Shanks posted on Twitter. "It'll take time though, and unfortunately videos get a lot less visibility when you're not on YouTube.

"I wasn't super surprised this happened (there were a few takedowns a couple years ago)," Shanks mused in an earlier tweet. "I'm honestly more annoyed that it wiped out my personal YoutTube account and even YouTube TV, which I was just billed real money for.

"A cease and desist in the mail would be much friendlier."

The first crewed launch of Boeing's Starliner has been delayed again, this time being pushed back to April 2023 from an earlier planned launch date of February. The Register reports: The change came with little announcement from NASA, which tweeted out the new date as a scheduling update without any additional details. In an accompanying blog post, NASA said the change was being made to eliminate conflicts between "visiting spacecraft traffic at the space station," but the agency didn't elaborate much beyond that.

Starliner has been a drag on Boeing since the company unveiled the capsule in 2010. According to Boeing's Q3 2022 filing, Starliner has lost the company $883 million since 2019. That was the year Starliner made its first attempt at an uncrewed launch and docking with the International Space Station, which failed due to a pair of software errors that left it unable to dock and saw it returned to Earth early under less-than-ideal circumstances. Attempts at a second launch in 2021 also failed when 13 of the Calamity Capsule's propulsion system valves failed pre-flight checks. Starliner only made it to the ISS for the first time this past May, but even that launch wasn't without issues as two of the craft's 12 thrusters failed once in orbit.

An anonymous reader quotes a report from Reason Magazine: The Babylon Bee this week joined The Onion in urging the Supreme Court to defend the First Amendment against an Ohio law that makes parody a felony. The case, which the Institute for Justice is asking the Court to take up, involves Parma resident Anthony Novak, who in 2016 was prosecuted for violating a state law against using a computer to "disrupt, interrupt, or impair the functions of any police, fire, educational, commercial, or governmental operations." Novak supposedly did that by creating a parody of the Parma Police Department's Facebook page. [...]

For obvious reasons, the right-leaning Bee, like the left-leaning Onion, is alarmed by the implication that people have no recourse against cops who arrest them for making fun of government agencies. "The Bee is serving a brutal life sentence in Twitter jail as we speak," says its amicus brief (PDF) in Novak v. City of Parma. "Its writers would very much like to avoid a consecutive sentence in a government-run facility." The premise of Novak's prosecution was that he had disrupted police operations by prompting calls about his parody to the department's nonemergency line. "Left in the hands of the Sixth Circuit and the Parma PD (and other like-minded law enforcement), the speech-stifling Ohio statute used to go after Mr. Novak empowers state officials to search, arrest, jail, and prosecute parodists without fear of ever being held accountable," the Bee says. "The upshot for The Bee is that, in Ohio at least, its writers could be jailed for many, if not most, of the articles The Bee publishes, provided that someone contacted law enforcement -- or another entity 'protected' by [Ohio's law] -- to tell them that the articles exist."

Consider the March 3 Bee story headlined "Donut Sales Surge as Police Departments Re-Funded." If someone "had called the Parma Police Department to let them know that The Bee had published the article," the brief suggests, the publication "could have been charged with a felony, its offices searched, and its writers arrested and jailed for days, all without consequence for the parties doing the charging, arresting, jailing, and searching." Likewise if an officer's "passive-aggressive brother-in-law had forwarded the article" to the cop's official email address, thereby "interrupt[ing]" his work. Given the broad wording of Ohio's law, which refers to "governmental operations" generally, Bee articles about federal agencies, such as its August 12 report on the FBI's search of Mar-a-Lago, also could be treated as grounds for arrest. "Had a caller contacted the FBI field office in Cleveland or Cincinnati" to "express outrage over the suspicious timing of the FBI's raid on Melania Trump's Mar-a-Lago closet and Attorney General Garland's acquisition of a haute couture wardrobe," the Bee notes, that could be the basis for a felony charge in Ohio. On the First Amendment issues raised by this case, both The Onion and The Babylon Bee see eye to eye.

"The Onion may be staffed by socialist wackos, but in their brief defending parody to this Court, they hit it out of the park," the Bee says. "Parody has a unique capacity to speak truth to power and to cut its subjects down to size. Its continued protection under the First Amendment is crucial to preserving the right of citizens to effectively criticize the government."

The macro story unfolding today is all the layoffs taking place in the tech industry. "Tech giants including Meta and Amazon have been slowing down their hiring for months, while smaller tech companies such as Robinhood and Coinbase have announced layoffs," reports the New York Times. "But rarely have so many job cuts and hiring freezes in the industry been disclosed on the same day." From the report: The technology industry's slowdown came into even sharper relief on Thursday as Amazon publicly said it had paused hiring for its corporate work force and several other technology companies announced job cuts. [...] At the same time, Lyft said it would cut 13 percent of its employees, or about 650 of its 5,000 workers. Stripe, a payment processing platform, said it would cut 14 percent of its employees, roughly 1,100 jobs. [...] Tech companies have led the way for the U.S. economy over the past decade, lifting the stock market during the worst days of the coronavirus pandemic. But in recent weeks, many of the largest firms reported financial results that suggested they were feeling the impact of global economic jitters, soaring inflation and rising interest rates.

Social media companies in particular have been grappling with a pullback in digital advertising over the last few months. Meta, which owns Facebook and Instagram, said last week that its head count would remain "roughly flat" through the end of next year. The company plans to shrink some teams and hire only for high-priority areas. Snap, Snapchat's parent company, laid off 20 percent of its employees in August, blaming challenging macroeconomic conditions. Last week, Microsoft told investors that new hires in this quarter "should be minimal." Alphabet, which owns Google and YouTube, also said that in this quarter it would hire fewer than half the number of people it added in the third quarter.

More layoffs at tech companies are in the works. Elon Musk, who bought Twitter for $44 billion last week, has ordered cuts across the company, which employs about 7,500 people. Workers at Twitter have started circulating a "Layoff Guide" with tips on how to handle being laid off. On Thursday, Lyft said it had decided on layoffs in the face of "a probable recession sometime in the next year." All teams will be affected, said Logan Green and John Zimmer, the company's founders, in an email to employees. Over the summer, Lyft cut 2 percent of its employees, mostly as a result of shutting down its car rental business, and froze hiring. But the company still has "to become leaner," its founders said. It is "not immune to the realities of inflation and a slowing economy," which have led to increasing ride-share insurance costs. Lyft also said it planned to sell its first-party vehicle service business and expected employees on that team to be offered jobs at the acquiring company.

Delhi's 20 million residents were effectively breathing smoke on Thursday as the air quality index (AQI) breached the "severe" and "hazardous" categories in nearly all monitoring stations of the Indian capital, raising calls to close schools. From a report: The AQI exceeded 450 at many places early in the day, according to data from the Central Pollution Control Board. A reading over 400 affects healthy people, with serious impacts on those with existing diseases, the federal government says. The index was over 800 in some pockets of the city, according to data from the Delhi Pollution Control Committee. "What is happening with air pollution in Delhi is nothing short of a crime against humanity!" author and socialite Suhel Seth wrote on Twitter. "There's a total collapse of accountability!" The world's most polluted capital is blanketed in smog every winter as cold, heavy air traps construction dust, vehicle emissions and smoke from the burning of crop stubble in the neighbouring states to clear the fields for the next crop.

Nikolai Mushegian, an early developer of MakerDAO, the largest decentralized finance protocol, as well as a contributor to multiple crypto projects, was found dead on Friday in San Juan, Puerto Rico, according to local news outlet El Nuevo Dia. CoinDesk reports: According to the news article, a 29-year-old man identified as "Nicolai Arcadie Muchgian" was dragged by water currents close to Condado Beach. Beach patrols managed to retrieve his body from the ocean but there were no vital signs. The area is known for its dangerous strong oceancurrents that have caused several fatalities, according to the paper. (CoinDesk obtained a copy of a press release from the Puerto Rico Police Department consistent with the details reported by El Nuevo Dia.)

Mushegian contributed to the development of multiple blockchain projects and was heralded as a prolific architect of blockchain-based decentralized financial platforms and stablecoin systems. Most notably, he was MakerDAO founder Rune Christensen's original technical partner on the project and worked on the protocol and its decentralized stablecoin DAI between 2015 and 2018, according to his personal website. He was not involved in the protocol's development lately, a MakerDAO contributor told CoinDesk. He also co-founded the automated market maker Balancer and Reflexer's RAI, which is an ether-backed stablecoin and a fork of DAI.

Most recently, he was working on a crypto project called Rico, a free-floating decentralized stablecoin system that aimed to be the "spiritual successor of DAI" and designed in a way that DAI was originally intended "without compromises." "Nikolai was one of the only people in the early days of Ethereum and smart contracts who was able to predict the possibility of smart contract hacks and invented the security-oriented approach to smart contract design we know today," Christensen tweeted Monday. "Maker would have been toast without him." "Mushegian's cryptic last tweet posted only a few hours before his death prompted speculation in crypto circles about the circumstances of his death and mental health," adds CoinDesk.

"More than 70,000 users joined Mastodon on the day after Musk's Twitter takeover announcement," writes Slashdot reader votsalo. "Mastodon is a six-year-old decentralized social media platform that uses 'federated' servers." The Guardian's Wilfred Chan writes: I joined Mastodon this week, and it took a few hours just to master its new vocabulary. Some of it is a little silly-sounding: instead of tweets, you have "toots". Things get trickier after that. Mastodon is not a single website but a network of thousands of websites called "instances", also called servers. These servers are "federated", which means they are run by different entities but can still communicate with each other without needing to go through a central system. And the space they all exist in is called the "fediverse," which some savvy tooters call "the Fedi."

When you sign up for Mastodon, the first thing you do is choose a server. There are general-purpose ones, such as mastodon.social, as well as ones aimed at interest groups, such as kpop.social or linuxrocks.online. There are also joke servers like dolphin.town, where the only thing users are allowed to post is the letter "e". The server becomes part of your username (for example, wilfred@kpop.social), and the toots you see on your feed are toots from your server-mates, rather than from the entire fediverse. But you're also free to toot at people from other servers and even "boost" their public toots on to your feed.

That's how Mastodon creates a unified global experience without being controlled by one entity, said Eugen Rochko, Mastodon's Germany-based founder and lead developer. "The servers are service providers, like Hotmail and Gmail are for email. It doesn't mean that the different servers are isolated from each other, like old school forums," he said. "Having just one account allows you to follow and interact with anyone in this global decentralized social network." But Mastodon's model comes with its own risks. If the server you join disappears, you could lose everything, just like if your email provider shut down. A Mastodon server admin also has ultimate control over everything you do: if for some reason the owner of kpop.social doesn't like that I boosted a toot from dolphin.town, they could remove it or even "defederate" the server, which would block all dolphin toots from the k-pop server completely. A server admin could also snoop on my private toots if they wanted to -- or delete my account for any reason. While Mastadon's 70,000 jump in users sounds impressive, it's "still a drop in a bucket compared with Twitter's reported 450 million daily active users," says Chan. The decentralized software also remains difficult for many people to use.

According to TechCrunch, Mastadon says it has "gained 123,562 new users as of October 27, 2022 and now has 528,607 active users on the network as of October 31, 2022."

Uber recently launched its new advertising division and in-app ads. Apparently, those ads aren't staying within the app. From a report: Instead, ads from other companies are being sent out as push notifications, much to the chagrin of some Uber users. Over the weekend, people turned to Twitter to complain about the notifications, sharing screenshots of ads, including one particularly popular one from Peloton that Uber had sent out. One of the primary complaints: notifications are being sent out when users aren't engaging with the app. When Uber first announced its in-app ad "experience," the company didn't mention the potentially intrusive implications.

Big changes are underway at Twitter. Elon Musk, in a Twitter thread: Twitter's current lords and peasants system for who has or doesn't have a blue checkmark is bullshit. Power to the people! Blue for $8/month. Price adjusted by country proportionate to purchasing power parity.

You will also get:
- Priority in replies, mentions & search, which is essential to defeat spam/scam
- Ability to post long video & audio
- Half as many ads

And paywall bypass for publishers willing to work with us.

According to Russian telegram channels, the former World Chess Champion, Antoly Karpov, was "rushed to the hospital with multiple head injuries in which he was placed in an induced coma," reports ChessBase. "Karpov was put on a ventilator now, and has been diagnosed with cerebral edema, fractures of the right parietal and right temporal bones, multiple head hematomas, and traumatic subarachnoid hemorrhage." From the report: On a few things none of the reports still in circulation disagree: the 12th World Champion and current member of Duma, Anatoly Karpov, 71, was found on the ground outside of the Duma, and unresponsive. His blood alcohol levels were very elevated, and he was rushed to the hospital into intensive care. Some early reports claimed he was the victim of an assault and in induced coma. This was later reiterated by other outlets such as Marca from Spain.

The source of this, according to Tass, Andrei Kovalev, chairman of the All-Russian Movement of Entrepreneurs, announced in his Telegram channel that Karpov was in intensive care after an attack by unknown people and put into an artificial coma. However Karpov's assistant denied this and said he was fine, had no injuries and was in stable condition. Which begs the question, how fine can he be if there is a need to reassure others he is in 'stable condition'. Since Russian media is under very tight control by the Russian State, it is impossible to know where the truth really lies. Developing...

Developer Dan Leveille received "a sketchy voicemail from a random number about a class action lawsuit settlement..." he posted on Twitter. "I thought it was a scam and almost ignored it."

But he didn't — and ended up with $8,064.88 in his Venmo account.

Back in 2019 a lawsuit by U.S. developers accused Apple of "profit-killing" App Store commissions, reports TechForge Media. Apple settled that suit by agreeing to create a $100 million Small Developer Assistance Fund (for developers who sold in Apple's app store between June of 2015 and April of 2021). And this month Apple has finally started sending out those payments, Apple Insider reports: Developers had until May 20 to submit a request to an independent administrator to become a "Settlement Class Member." If they met the criteria, the developers stood to receive a payment from $250 to $30,000 in value....

Along with the fund, the settlement also introduced a number of changes to App Store policies, including modifications relating to customer and developer communication, new pricing tiers, and a promise by Apple to continue offering its 15% reduced App Store commission for at least three years.

Noting that Elon Musk once called Dogecoin "the people's crypto," Reuters reports that on Saturday the price of Dogecoin surged more than 70%, "extending this week's gains after Elon Musk sealed a $44-billion deal to take over Twitter..." Cryptocurrency exchange Binance which has invested $500 million into Musk's buyout of Twitter, said it is brainstorming strategies on how blockchain and crypto could be helpful to Twitter....

Musk tweeted this month that he is buying Twitter to create an "everything app". The idea of an everything app originated in Asia with companies like WeChat, which lets users not only send messages but also make payments, shop online or hail a taxi.

"A pair of pranksters posing as laid-off Twitter employees tricked multiple media outlets Friday as the public anxiously awaited news on whether Elon Musk had begun axing staffers," reports the New York Post: CNBC's Deirdre Bosa interviewed two people who identified themselves as Twitter employees and were seen near the company's San Francisco headquarters carrying cardboard boxes.

Skepticism immediately emerged on social media. One of the pranksters said his name was "Rahul Ligma" — a reference to a popular internet meme — and held a copy of Michelle Obama's book "Becoming" aloft while speaking to reporters. The other said his name was "Daniel Johnson."

CNBC, Bloomberg, the Daily Mail and NBC were among the outlets that reported layoffs were underway after the duo spoke to the media.... "It's happening," CNBC's Bosa tweeted. Entire team of data engineers let go. These are two of them."

"They are visibly shaken," Bosa added. "Daniel tells us he owns a Tesla and doesn't know how he's going to make payments...."

Twitter employees have feared for months that Musk would enact sweeping layoffs at the company once his $44 billion takeover was complete. Those fears escalated last week after the Washington Post reported Musk was planning to cut 75% of Twitter's 7,500-employee workforce. Musk immediately fired several executives, including CEO Parag Agrawal, but it's still unclear how many employees will be ousted. He denied the 75% figure was accurate while meeting with Twitter employees earlier this week.

A source familiar with the situation told the Post that Twitter employees feel as though they're "in limbo," with no one having a clear idea of how many layoffs are coming. "People are just keeping their heads down until they see what happens," the source said. The source added that remaining employees are fearful about speaking to the media now that Musk has assumed control of the company. "Folks don't want to get fired for leaking," the source said.
You can still watch video footage of the pranksters' interview on Reuters' official feed on YouTube (headlined "LIVE: Outside Twitter's San Francisco HQ after Elon Musk takes over")

The Verge spotted the footage — and then added that "Since we're doing this, here are some other ridiculous things said by Ligma and his box-bearing associate." "It makes me worry about the future of our democracy... the future of celebrity conservatorship. I mean, when Britney [Spears] happened...."

"I even own a Tesla, man. I'm a big fan of clean energy, climate change, even free speech too."
Elon Musk — who has changed the title on his Twitter profile to "chief Twit" — responded Friday afternoon to the brouhaha, tweeting "Ligma Johnson had it coming."

Earlier in the day, Musk had tweeted "Let the good times roll" and "Comedy is now legal on Twitter."

On a more serious note, Musk also tweeted Friday that Twitter "will be forming a content moderation council with widely diverse viewpoints. No major content decisions or account reinstatements will happen before that council convenes."

Nearly six years after the Pebble smartwatch was purchased by Fitbit and discontinued, a new Pebble app for Android has been released by the Rebble Alliance, a group that has kept Pebble viable for its users since Fitbit shut down Pebble's servers in mid-2018," writes Ars Technica's Kevin Purdy. "Pebble version 4.4.3 makes the app 64-bit so it can work on the mostly 64-bit Pixel 7 and similar Android phones into the future. It also restores a caller ID function that was hampered on recent Android versions." From the report: Most notably, the app is "signed using the official Pebble keys," with Google Fit integration maintained, but isn't available through Google's Play Store. Google acquired Fitbit for $2.1 billion, making it the steward of Pebble's remaining IP and software pieces. Katharine Berry, a key Rebble coder and leader, works on Wear OS at Google and was one of the first to tweet news of the new update, "four years after 4.4.2." That was the last Play Store update to the Pebble app from Pebble developers, one that freed up many of the app's functions to be replaced by independent servers.

That's exactly where Rebble picked up, providing web services to Pebble watches, including (for paying subscribers) voice dictation. But those services still relied on the core Pebble app to connect the watch and smartphone. If Android did make the leap to a 64-bit-only OS, it could have left Pebble/Rebble users in the lurch. Berry's post on r/pebble offers "thanks to Google for providing us with one last update!" This is, to be sure, not the typical outcome of products that have been acquired by Google, even if second-hand.

The Decentralized Engineering Corporation (DEC) has raised $9 million in seed funding to create a decentralized ridesharing service on Solana -- a concept that's been theorized by Ethereum co-creator Vitalik Buterin and attempted by various startups over the years. Decrypt reports: DEC announced today that it has raised $9 million in seed funding to build out The Rideshare Protocol, or TRIP, which is designed to power ridesharing apps from a variety of future companies. They'll all share the same core technology to connect drivers with riders, and DEC is building Teleport as the first application to prove out the framework. The seed round was co-led by Foundation Capital and Road Capital, with participation from Thursday Ventures, 6th Man Ventures, 305 Ventures, and Common Metal. Individual strategic investors include Uber's third-ever employee, engineer Ryan McKillen, as well as social media influencer Jake Paul, Flexport founder Ryan Petersen, and Farcaster co-founder Dan Romero.

Paul Bohm, CEO of DEC and founder of Teleport, told Decrypt that ridesharing giant Uber "essentially runs a monopoly -- it's very centralized." Uber provides the platform that connects drivers to riders and takes a significant cut of the fee, commanding an estimated 72% of the U.S. ride-sharing market as of June, per data from Bloomberg. TRIP is designed as a decentralized protocol that various app makers can plug into as a marketplace that connects drivers and passengers, all without a centralized force at the heart. Bohm believes this will spur both cooperation and competition, encouraging participants to buck the model of giants like Uber and Lyft while also pushing companies to innovate to create the best app around a shared marketplace. A token will be used for decentralized governance of the protocol too, Bohm said.

Teleport is designed to look and act much like an Uber or Lyft app for seamless onboarding of riders and drivers alike with no crypto required. Riders can pay with either a credit card or the USDC stablecoin, while drivers are paid via USDC or a direct payment to a standard bank account. "We keep it very, very close," Bohm said of the app experience. "We don't want any extra steps on either the driver or rider side. But the difference is, you're no longer part of a monopoly." DEC will use the seed funding to fuel its rollout in the months ahead, with Teleport and TRIP holding demonstrations during Solana's Breakpoint conference in Lisbon in November and Art Basel Miami in December.

India will set up one or more grievance committees with the veto power to oversee content moderation decisions of social media firms, it said today, moving ahead with a proposal that has rattled Meta, Google and Twitter in the key overseas market. From a report: The panels, called Grievance Appellate Committee, will be created within three months, it said. In an amendment to the nation's new IT law that went into effect last year, the Indian government said any individual aggrieved by the social media's appointed grievance officer may appeal to the Grievance Appellate Committee, which will comprise a chairperson and two whole time members appointed by the government. (In compliance with the IT rules, social media firms last year appointed grievance and other officers in India to hear feedback and complaints from their users.) The Grievance Appellate Committee will have the power to reverse the social media firm's decision, the government said.