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Pirate sports streaming site Streameast has quietly reclaimed the Streameast.xyz domain after U.S. authorities allowed it to expire, despite having seized it under a federal warrant in 2024. TorrentFreak reports: While researching both old and newly-seized Streameast domains recently, we noticed that Streameast.xyz expired earlier this year. Apparently, it was not renewed by those who controlled it, as the seizure banner was gone. Instead, the domain appeared to have been reclaimed by the original Streameast team. While it is not listed as an official mirror site, Streameast.xyz points to content from the original site once again. And indeed, the original Streameast team confirms that the domain is theirs. It is not clear why the U.S. authorities lost control of the domain or whether it was intentional. Other domain names covered by the same seizure warrant were renewed recently, including Streameast.io. The Streameast team might view this as a significant symbolic victory. After all, they effectively reclaimed a federally seized domain name without having to mount a legal challenge. In the grander scheme, one domain name is not going to make a massive difference. However, the U.S. government went through the trouble to obtain a federal warrant, so it's ironic to see it controlled by pirates once again.

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OpenAI unveiled Instant Checkout, a new ChatGPT feature that lets users buy stuff directly through its chatbot. Currently, the feature supports single-item purchases directly from Etsy sellers, but support for more than one million Shopify merchants is coming soon. It's also only available to U.S. ChatGPT Plus, Pro and Free users at this time. CNBC reports: OpenAI will take a fee from transactions that are completed through ChatGPT, which means Instant Checkout could become an important new revenue stream for the startup. OpenAI is not yet profitable, and is burning through cash as it works to scale up its computing infrastructure. The company declined to share specific details about how large the fees are since they are determined through confidential contracts with Etsy and Shopify. Instant Checkout is free to users and will not affect their prices, OpenAI said. "Our vision for ChatGPT -- and a lot of the technology we create, but especially ChatGPT -- is that it's not just providing you information, it is also helping you get things done in the real world," Michelle Fradin, OpenAI's product lead for ChatGPT commerce, told CNBC in an interview. The company plans to introduce multi-item carts and expand the regional availability of Instant Checkout moving forward. [...] Instant Checkout is powered by OpenAI's Agentic Commerce Protocol, which is the underlying technology that allows users to complete a transaction directly with a merchant through ChatGPT. OpenAI built the framework in partnership with the fintech company Stripe, which powers ChatGPT subscriptions. OpenAI initially decided to use Agentic Commerce Protocol for e-commerce, but Fradin said the company thinks it could be used to facilitate other types of purchases or payments as well. OpenAI is open-sourcing the framework to help merchants build integrations more quickly, and so that developers can explore different use cases, she said.

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An anonymous reader quotes a report from CBS News: A pair of e-commerce entrepreneurs who bought a number of well-known retail brands -- including RadioShack, Modell's Sporting Goods and Pier 1 Imports -- out of bankruptcy are accused of running a Ponzi scheme. The Securities and Exchange Commission on Monday accused Alex Mehr and Tai Lopez, founders of the Miami-based Retail Ecommerce Ventures (REV), of defrauding investors out of approximately $112 million. Through their holding company, Mehr and Lopez acquired distressed brick-and-mortar companies in order to turn them into successful, online-only brands. Dress Barn and Linens 'n Things were also among their acquisitions. [...] The SEC's suit alleges that between 2020 and 2022, Mehr and Lopez, "made material misrepresentations" to hundreds of investors about the bankrupt retailers they had acquired. For example, to entice individuals to invest in their acquisitions, they said their portfolio companies were "on fire" and that "cash flow is strong." They also told prospective backers that money raised for a company would only be invested in that specific firm. That proved not to be the case, according to the SEC's lawsuit, which was filed Monday in the U.S. District Court for the Southern District of Florida. "Contrary to these representations, while some of the REV Retailer Brands generated revenue, none generated any profits," the suit states. "Consequently, in order to pay interest, dividends and maturing note payments, Defendants resorted to using a combination of loans from outside lenders, merchant cash advances, money raised from new and existing investors, and transfers from other portfolio companies to cover obligations." The SEC alleges that at least $5.9 million of returns paid to investors were actually Ponzi-like payments funded by other investors, as opposed to companies' profits. Additionally, the federal regulatory agency claims that Mehr and Lopez allocated $16 million worth of investments for their own use, according to the filing.

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The FCC mistakenly published a 163-page PDF containing detailed schematics for Apple's upcoming iPhone 16e, despite Apple explicitly requesting indefinite confidentiality to protect trade secrets. AppleInsider reports: A cover letter is also distributed alongside the schematics, addressed to the FCC and dated September 16, 2024. The letter from Apple is a request for the confidential treatment of documents that are filed with the FCC. [...] The letter from Apple requests a series of documents are withheld from public viewing "indefinitely." The justification is that they contain "confidential and proprietary trade secrets" that are not disclosed to the public post-release, due to giving competitors an "unfair advantage." The list of documents, Apple states, includes: Block Diagrams, Electrical Schematic Diagrams, Technical Descriptions, Product Specifications, Antenna Locations, Tune-Up Procedure, and Software Security Description. Other documents, such as external and internal photographs, shots of the test setup, and the user manual, are deemed to be less damaging and have "short-term confidentiality" requirements. In those cases, Apple asks for short-term confidentiality for 180 days after the equipment authorization is granted by the FCC.

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