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Doublespeed Hack Reveals What Its AI-Generated Accounts Are Promoting

Slashdot - 1 hour 9 min ago
An anonymous reader quotes a report from 404 Media: Doublespeed, a startup backed by Andreessen Horowitz (a16z) that uses a phone farm to manage at least hundreds of AI-generated social media accounts and promote products has been hacked. The hack reveals what products the AI-generated accounts are promoting, often without the required disclosure that these are advertisements, and allowed the hacker to take control of more than 1,000 smartphones that power the company. The hacker, who asked for anonymity because he feared retaliation from the company, said he reported the vulnerability to Doublespeed on October 31. At the time of writing, the hacker said he still has access to the company's backend, including the phone farm itself. "I could see the phones in use, which manager (the PCs controlling the phones) they had, which TikTok accounts they were assigned, proxies in use (and their passwords), and pending tasks. As well as the link to control devices for each manager," the hacker told me. "I could have used their phones for compute resources, or maybe spam. Even if they're just phones, there are around 1100 of them, with proxy access, for free. I think I could have used the linked accounts by puppeting the phones or adding tasks, but haven't tried." As I reported in October, Doublespeed raised $1 million from a16z as part of its "Speedrun" accelerator program, "a fastpaced, 12-week startup program that guides founders through every critical stage of their growth." Doublespeed uses generative AI to flood social media with accounts and posts to promote certain products on behalf of its clients. Social media companies attempt to detect and remove this type of astroturfing for violating their inauthentic behavior policies, which is why Doublespeed uses a bank of phones to emulate the behavior of real users. So-called "click farms" or "phone farms" often use hundreds of mobile phones to fake online engagement of reviews for the same reason. [...] I've seen TikTok accounts operated by Doublespeed promote language learning apps, dating apps, a Bible app, supplements, and a massager.

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Categories: Computer, News

Video Game Hardware Sales Had a Historically Bad November In the US

Slashdot - 4 hours 9 min ago
U.S. video game hardware spending fell 27% year over year in November to $695 million, according to market analyst company Circana. "This is the lowest video game hardware spending total for a November month since the $455 million reached during the November 2005 tracking period," Circana says. Furthermore, only 1.6 million units of hardware were sold in the U.S. in November, which is "the lowest total for a November month since 1995 (1.4 million)." The Verge reports: The rising costs of consoles probably didn't help. The PlayStation 5 and Xbox Series of consoles both turned five in November, but customers looking to pick up one of the consoles brand new are having to grapple with higher prices following price hikes this year. Those hikes have led to an "all-time November high" for the average price paid for a new unit of video game hardware of $439, Circana says -- a number that's up 11 percent from 2024. (In November 2019, the average price was $235, according to Circana analyst Mat Piscatella.)

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Categories: Computer, News

Another Starship Clone Pops Up In China

Slashdot - 7 hours 9 min ago
Longtime Slashdot reader schwit1 shares a report from Ars Technica: Every other week, it seems, a new Chinese launch company pops up with a rocket design and a plan to reach orbit within a few years. For a long time, the majority of these companies revealed designs that looked a lot like SpaceX's Falcon 9 rocket. The first of these copy cats, the medium-lift Zhuque-3 rocket built by LandSpace, launched earlier this month. Its primary mission was nominal, but the Zhuque-3 rocket failed its landing attempt, which is understandable for a first flight. Doubtless there will be more Chinese Falcon 9-like rockets making their debut in the near future. However, over the last year, there has been a distinct change in announcements from China when it comes to new launch technology. Just as SpaceX is seeking to transition from its workhorse Falcon 9 rocket -- which has now been flying for a decade and a half -- to the fully reusable Starship design, so too are Chinese companies modifying their visions. The trend began with the Chinese government. In November 2024 the government announced a significant shift in the design of its super-heavy lift rocket, the Long March 9. Instead of the previous design, a fully expendable rocket with three stages and solid rocket boosters strapped to the sides, the country's state-owned rocket maker revealed a vehicle that mimicked SpaceX's fully reusable Starship. Around the same time, a Chinese launch firm named Cosmoleap announced plans to develop a fully reusable "Leap" rocket within the next few years. An animated video that accompanied the funding announcement indicated that the company seeks to emulate the tower catch-with-chopsticks methodology that SpaceX has successfully employed. But wait, there's more. In June a company called Astronstone said it too was developing a stainless steel, methane-fueled rocket that would also use a chopstick-style system for first stage recovery. Astronstone didn't even pretend to not copy SpaceX, saying it was "fully aligning its technical approach with Elon Musk's SpaceX." And then, on Friday, the state-aligned China.com reported that a company called "Beijing Leading Rocket Technology" took things a step further. It has named its vehicle "Starship-1," adding that the new rocket will have enhancements from AI and is billed as a "fully reusable AI rocket."

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Categories: Computer, News

CodeSOD: Linguistic Perls

The Daily WTF - 7 hours 39 min ago

A long time ago, Joey made some extra bucks doing technical support for the neighbors. It was usually easy work, and honestly was more about being a member of the community than anything else.

This meant Joey got to spend time with Ernest. Ernest was a retiree with a professorial manner, complete with horn-rimmed glasses and a sweater vest. Ernest volunteered at the local church, was known for his daily walks around the neighborhood, and was a generally beloved older neighbor.

Ernest had been working on transfering his music collection- a mix of CDs and records- onto his computer. He had run into a problem, and reached out to Joey for help.

"Usually," Ernest explained, "I can get one of the kids from the local university to help me out. But with the holiday break and all…"

No problem for Joey. He went over to Ernest's, sat down at the computer, and powered it up. The desktop appeared, and in the typical older user fashion, it was covered with icons. What was unusual was the names of the files and folders. Things like titwank. Or cockrot.pl and penis.pl. A few were named as racial slurs.

Clearly, the college students Ernest usually hired were having a laugh at the man's expense. That must be it. Joey glanced around the room, trying to think about how to explain this, when he noticed the bookshelf.

The first few books were guides on how to program in Perl. Sandwiched between them was Rogets Profanisaurous, a dictionary of profanity. Then a collection of comedy CDs by Kevin Bloody Wilson, the performer of such comedy songs as "I Gave Up Wanking," "The Pubic Hair Song," and "Dick on Her Mind".

"Ah, yes," Ernest said, "you'll need to pardon my desktop. Before I retired, I was a linguist, and I think you can guess what my speciality was."

"Profanity?"

"Profanity indeed. Now, I was hoping I could get someone to take a look at swallow.pl for me…"

Joey writes:

I always thought of Perl as an arcane language here here instead it has somehow been turned into a profane language.

Usually, profanity is what we use when reading Perl.

For whatever reason I seem to have kept this particular file. I must have taken it home to work on. I now consider it an art piece worthy of printing out and framing on the wall.

I think there is something to that, Joey, but I have to be honest: I'm not going to present the entire file in its true glory, because well, there are limits to the sorts of profanity we run on the site. But it's still worth sharing a few snippets:

We can start with some variable initializations:

my @wankoid; my $wankoff; open(SHIT,"discindex.htm"); @wankoid=<SHIT>; $wankoff=join("",@wankoid); my @toss=split(/\nLabel\:/,$wankoff); my $cockrot=0;

Or perhaps some regex matching:

$swallow=~s/\/\/.*//; $swallow=~s/^L:\\//; $swallow=~s/\r//; my @penis=split(/\\/,$swallow);

Uh… could we not?

for($i=0;$i<$#penis-1;$i++) { $rude=$curse[1]; %dirk=%$rude;; if(!exists($dirk{$penis[$i]})) { $dirk{$penis[$i]}=[($penis[$i],[{}],[{}])]; } $rude=$dirk{$penis[$i]}; @curse=@$rude; }

Wait… is "dirk" slang for something I don't know about?

There are a few other words in here that I don't recognize as profanity, like flk, plip, disind, baf, and tot. And SEE? SEE is profanity? How? Are these profane words I just don't know? I mean, Ernest was a professional profanologist, and I'm just an amatuer. Clearly I have a lot to learn.

If you know what those mean, leave a comment. If you don't know what they mean, but want to make up an answer, I dunno… leave a comment too?

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Categories: Computer

MIT Grieves Shooting Death of Renowned Director of Plasma Science Center

Slashdot - 10 hours 39 min ago
An anonymous reader quotes a report from the Guardian: The Massachusetts Institute of Technology (MIT) community is grieving after the "shocking" shooting death of the director of its plasma science and fusion center, according to officials. Nuno FG Loureiro, 47, had been shot multiple times at his home in the affluent Boston suburb of Brookline on Monday night when police said they received a call to investigate. Emergency responders brought Loureiro to a hospital, and the award-winning scientist was pronounced dead there Tuesday morning, the Norfolk county district attorney's office said in a statement. The Boston Globe reported speaking with a neighbor of Loureiro who heard gunshots, found the academic lying on his back in the foyer of their building and then called for help alongside the victim's wife. The statement from the Norfolk district attorney's office said an investigation into Loureiro's slaying remained ongoing later Tuesday. But the agency did not immediately release any details about a possible suspect or motive in the killing, which gained widespread attention across academic circles, the US and in Loureiro's native Portugal. Portugal's minster of foreign affairs announced Loureiro's death in a public hearing Tuesday, as CNN reported. Separately, MIT president Sally Kornbluth issued a university-wide letter expressing "great sadness" over the death of Loureiro, whose survivors include his wife. "This shocking loss for our community comes in a period of disturbing violence in many other places," said Kornbluth's letter, released after a weekend marred by deadly mass shootings at Brown University in Rhode Island -- about 50 miles away from MIT -- as well as on Australia's Bondi Beach. The letter concluded by providing a list of mental health resources, saying: "It's entirely natural to feel the need for comfort and support."

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Categories: Computer, News

Senate Confirms Billionaire Entrepreneur Jared Isaacman As New NASA Chief

Slashdot - 13 hours 19 min ago
Longtime Slashdot reader schwit1 shares a report from Politico: The Senate on Wednesday approved Jared Isaacman for the top job at NASA -- an unprecedented comeback after President Donald Trump yanked his nomination this spring. Senators confirmed the billionaire private astronaut in a 67-30 vote. Trump renominated Isaacman for NASA administrator in November, after pulling his original nomination in May. He cited Isaacman's relationship with SpaceX CEO Elon Musk, with whom Trump had just had a falling out, as the rationale for his decision. Isaacman's surprise rebound followed months of political jockeying and help from high-profile figures in Trump's orbit. [...] Isaacman garnered backing from lawmakers during his hearing by confirming his support for NASA's Artemis moon-landing mission, a key prerogative for Capitol Hill. He also committed to instilling urgency at the space agency, citing China's space ambitions.

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The Oscars Will Abandon Broadcast TV For YouTube In 2029

Slashdot - 13 hours 59 min ago
The Academy has struck a multi-year deal to move the Oscars to YouTube starting in 2029, ending decades on ABC and making the ceremony free to stream worldwide with YouTube holding exclusive global rights. Variety reports: The Oscars, including red carpet coverage, behind-the-scenes content and Governors Ball, will be available live and for free on YouTube to viewers around the world, as well as to YouTube TV subscribers in the United States. Architects of the agreement said they hope the move to YouTube will help make the Oscars more accessible to "the Academy's growing global audience through features such as closed captioning and audio tracks available in multiple languages." [...] The Academy had been seeking a new broadcast licensing agreement for the better part of 2025. Over the summer, several expected and unconventional buyers, including NBCUniversal and Netflix, had come into the mix as potential suitors. Insiders believe that YouTube shelled out over nine figures for the Oscars, besting the high eight-figure offers from Disney/ABC and NBCUniversal. Under the most recent contract, Disney was paying around $100 million annually for the Oscars -- but given the ratings declines for the kudocast, Disney/ABC were reportedly looking to spend less on license fees. [...] It's not a secret that the Academy and Disney/ABC would occasionally have disagreements over the best path for the Oscars, including the show's length, which awards to present and who should host. Now, on a streamer with no time limits, the Oscars can be any length, and the Academy likely has carte blanche to do whatever it wants with the telecast. "They can do whatever they want," says one insider. "You can have a six-hour Oscars hosted by MrBeast."

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Categories: Computer, News

Meta 'Pauses' Third-Party Headset Program

Slashdot - 14 hours 39 min ago
Meta has paused its third-party Horizon OS headset program, effectively canceling planned VR headsets from Asus and Lenovo as it refocuses on "building the world-class first-party hardware and software needed to advance the VR market." Road to VR reports: A little over a year and a half ago, Meta made an "industry-altering announcement," as I called the move in my reporting: the company was rebranding the Quest operating system to 'Horizon OS' and announced it was working with select partners to launch third-party VR headsets powered by the operating system. Meta specifically named Asus and Lenovo as the first partners it was working with to build new Horizon OS headsets. Asus was said to be building an "all-new performance gaming headset," while Lenovo was purportedly working on "mixed reality devices for productivity, learning, and entertainment." But as we've now learned, neither headset is likely to see the light of day. Meta say it has frozen the third-party Horizon OS headset program. "We have paused the program to focus on building the world-class first-party hardware and software needed to advance the VR market," a Meta spokesperson told Road to VR. "We're committed to this for the long term and will revisit opportunities for 3rd-party device partnerships as the category evolves."

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Categories: Computer, News

Netflix To Add Soccer Video Game Based On FIFA World Cup Next Year

Slashdot - Wed, 2025-12-17 23:50
An anonymous reader quotes a report from Reuters: Netflix on Wednesday said it will add a soccer simulation title to its gaming portfolio, as the streaming giant looks to leverage the FIFA World Cup 2026 tournament to deepen its video game push. The soccer title will be developed and published by Delphi Interactive, which is also helping create a premium James Bond game called "007 First Light," and in association with the sport's governing body, FIFA. Netflix said the game will launch in time for the world's most-watched sporting event, scheduled to start June next year in the U.S.

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Categories: Computer, News

GitHub Is Going To Start Charging You For Using Your Own Hardware

Slashdot - Wed, 2025-12-17 23:10
GitHub will begin charging $0.002 per minute for self-hosted Actions runners used on private repositories starting in March. "At the same time, GitHub noted in a Tuesday blog post that it's lowering the prices of GitHub-hosted runners beginning January 1, under a scheme it calls 'simpler pricing and a better experience for GitHub Actions,'" reports The Register. "Self-hosted runner usage on public repositories will remain free." From the report: Regardless of the public repo distinction, enterprise-scale developers who rely on self-hosted runners were predictably not pleased about the announcement. "Github have just sent out an email announcing a $0.002/minute fee for self-hosted runners," Reddit user markmcw posted on the DevOps subreddit. "Just ran the numbers, and for us, that's close to $3.5k a month extra on our GitHub bill." [...] "Historically, self-hosted runner customers were able to leverage much of GitHub Actions' infrastructure and services at no cost," the repo host said in its blog FAQ. "This meant that the cost of maintaining and evolving these essential services was largely being subsidized by the prices set for GitHub-hosted runners." The move, GitHub said, will align costs more closely with usage. Like many similar changes to pricing models pushed by tech firms, GitHub says "the vast majority of users ... will see no price increase." GitHub claims that 96 percent of its customers will see no change to their bill, and that 85 percent of the 4 percent affected by the pricing update will actually see their Actions costs decrease. The company says the remaining 15 percent of impacted users will face a median increase of about $13 a month. For those using self-hosted runners and worried about increased costs, GitHub has updated its pricing calculator to include the cost of self-hosted runners.

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Categories: Computer, News

Linux Kernel Rust Code Sees Its First CVE Vulnerability

Slashdot - Wed, 2025-12-17 22:30
Longtime Linux developer Greg Kroah-Hartman announced that the Linux kernel has received its first CVE tied to Rust code. Phoronix reports: This first CVE (CVE-2025-68260) for Rust code in the Linux kernel pertains to the Android Binder rewrite in Rust. There is a race condition that can occur due to some noted unsafe Rust code. That code can lead to memory corruption of the previous/next pointers and in turn cause a crash. This CVE for the possible system crash is for Linux 6.18 and newer since the introduction of the Rust Binder driver. At least though it's just a possible system crash and not any more serious system compromise with remote code execution or other more severe issues.

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Categories: Computer, News

Google Releases Gemini 3 Flash, Promising Improved Intelligence and Efficiency

Slashdot - Wed, 2025-12-17 21:30
An anonymous reader quotes a report from Ars Technica: Google began its transition to Gemini 3 a few weeks ago with the launch of the Pro model, and the arrival of Gemini 3 Flash kicks it into high gear. The new, faster Gemini 3 model is coming to the Gemini app and search, and developers will be able to access it immediately via the Gemini API, Vertex AI, AI Studio, and Antigravity. Google's bigger gen AI model is also picking up steam, with both Gemini 3 Pro and its image component (Nano Banana Pro) expanding in search. This may come as a shock, but Google says Gemini 3 Flash is faster and more capable than its previous base model. As usual, Google has a raft of benchmark numbers that show modest improvements for the new model. It bests the old 2.5 Flash in basic academic and reasoning tests like GPQA Diamond and MMMU Pro (where it even beats 3 Pro). It gets a larger boost in Humanity's Last Exam (HLE), which tests advanced domain-specific knowledge. Gemini 3 Flash has tripled the old models' score in HLE, landing at 33.7 percent without tool use. That's just a few points behind the Gemini 3 Pro model. Gemini 3 Flash has been been significantly improved in terms of factual accuracy, scoring 68.7% on Simple QA Verified, which is up from 28.1% in the previous model. It's also designed as a high-efficiency model that's suitable for real-time and high-volume workloads. According to Google, Gemini 3 Flash is now the default model for AI Mode in Google Search.

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Categories: Computer, News

Browser Extensions With 8 Million Users Collect Extended AI Conversations

Slashdot - Wed, 2025-12-17 20:40
An anonymous reader shares a report: Browser extensions with more than 8 million installs are harvesting complete and extended conversations from users' AI conversations and selling them for marketing purposes, according to data collected from the Google and Microsoft pages hosting them. Security firm Koi discovered the eight extensions, which as of late Tuesday night remained available in both Google's and Microsoft's extension stores. Seven of them carry "Featured" badges, which are endorsements meant to signal that the companies have determined the extensions meet their quality standards. The free extensions provide functions such as VPN routing to safeguard online privacy and ad blocking for ad-free browsing. All provide assurances that user data remains anonymous and isnâ(TM)t shared for purposes other than their described use.

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Categories: Computer, News

English Has Become Easier To Read

Slashdot - Wed, 2025-12-17 20:00
The conventional wisdom that English prose has gotten easier to read because sentences have gotten shorter is wrong, according to a new analysis published in Works in Progress by writer and Mercatus Center research fellow Henry Oliver. The real transformation happened centuries ago in the 1500s and 1600s when Bible translators like William Tyndale and Thomas Cranmer developed a "plain style" built on logical syntax rather than the older rhythmic, periodic structures inherited from medieval prose. Oliver argues that much of what modern datasets measure as declining sentence length is actually just changing punctuation habits. Writers now use periods where earlier generations used colons and semicolons. One dataset shows semicolon usage dropped from one every 90 words in 1781 to one every 390 words today. The cognitive complexity of a paragraph often remains the same regardless of how it's punctuated. Even wildly popular modern books don't follow the "short sentences equal readable" formula. Oliver points to Onyx Storm, the 2025 fantasy novel that has sold tens of millions of copies, which opens with sentences of 24 and 30 words. The 30-word sentence has a subordinate clause twice as long as its main clause. The book reads easily not because sentences are short but because the language is plain and the syntax is logical.

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Categories: Computer, News

FCC Chair Suggests Agency Isn't Independent, Word Cut From Mission Statement

Slashdot - Wed, 2025-12-17 19:17
FCC Chairman Brendan Carr said in his Wednesday Senate testimony that the agency he governs "is not an independent agency, formally speaking." Axios: During his testimony, the word "independent" was removed from the FCC's mission statement on its website. The extraordinary statement speaks to a broader trend of regulatory agencies losing power to the executive branch during the Trump era. Last week, the Supreme Court appeared poised to allow President Trump to fire members of the Federal Trade Commission during oral arguments over the issue. Sen. Ben Ray LujÃn (D-N.M.) began the line of questioning, citing the FCC's website, which said the agency was independent as of Wednesday morning. By Wednesday afternoon, the FCC's mission statement no longer said it was independent. Chairman Carr would not respond directly to questions about whether he believed the president was his boss. He would not answer whether it's appropriate if the president were to pressure him to go after media companies. He suggested the president has the power to fire him and other FCC commissioners.

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Categories: Computer, News

How We Ingest Plastic Chemicals While Consuming Food

Slashdot - Wed, 2025-12-17 18:38
A comprehensive database built by scientists in Switzerland and Norway has catalogued 16,000 chemicals linked to plastic materials, and the findings paint a troubling picture of what Americans are actually eating when they prepare food in their kitchens. Of those 16,000 chemicals, more than 5,400 are considered hazardous to human health by government and industry standards, while just 161 are classified as not hazardous. The remaining 10,700-plus chemicals simply don't have enough data to determine their safety. The chemicals enter food through multiple pathways. Black plastic utensils and trays often contain brominated flame retardants because they're made from recycled electronic waste. Nonstick pans and compostable plates frequently contain PFAS. One California study found phthalates in three-quarters of tested foods, and a Consumer Reports analysis last year detected BPA or similar chemicals in 79% of foods tested. According to CDC data, more than 90% of Americans have measurable levels of these chemicals in their bodies. A 10-fold increase in maternal levels of brominated flame retardants is associated with a 3.7-point IQ drop in children.

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Categories: Computer, News

Coursera Acquires Udemy For $930 Million

Slashdot - Wed, 2025-12-17 17:49
Coursera announced on Wednesday that it will acquire rival online learning platform Udemy in an all-stock deal that values the combined company at $2.5 billion, a move that brings together two of the largest U.S.-based players in an industry that has struggled since pandemic-era enrollment highs faded. Under the terms of the agreement, Udemy shareholders will receive 0.8 shares of Coursera for each share they hold, valuing Udemy at roughly $930 million. Based on Coursera's last closing price, the offer works out to $6.35 per Udemy share, an 18.3% premium. The deal is expected to close in the second half of next year, pending regulatory and shareholder approvals. The two companies are betting that a combined platform will be better positioned to pursue corporate customers seeking to retrain workers in artificial intelligence, data science and software development. Coursera has built its business on partnerships with universities and institutions to offer degree programs and professional certificates, while Udemy operates a marketplace where independent instructors sell courses directly to consumers and businesses. Both stocks have significantly underperformed this year. Udemy shares have fallen about 35% and Coursera is down roughly 7%, leaving both trading well below their post-IPO highs as investors remain cautious about competition and pricing pressure in the sector.

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Categories: Computer, News

Google Sues Alleged Chinese Scam Group Behind Massive US Text Message Phishing Ring

Slashdot - Wed, 2025-12-17 17:12
Google is suing a Chinese-speaking cybercriminal group it says is responsible for a massive wave of scam text messages sent to Americans this year, according to a legal complaint filed Tuesday. From a report: The group, known as Darcula, sells software that allows users to send phishing text messages en masse, impersonating organizations like the IRS or the U.S. Postal Service in scams. The lawsuit is designed to give Google legal standing so U.S. courts will allow it to seize websites the group uses, hampering their operations, a spokesperson said. Darcula is possibly the most prominent name in an emerging, loosely affiliated cybercrime world that creates and sells hacking programs for aspiring scammers to use. Darcula's signature program, called Magic Cat, provides an easy-to-use, intuitive way for cybercriminals without advanced hacking skills to quickly spam millions of phone numbers with links to fake websites impersonating businesses like YouTube's premium service, then steal the credit card numbers victims put in.

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Categories: Computer, News

Meta Is Considering Charging Business Pages To Post Links

Slashdot - Wed, 2025-12-17 16:21
Meta is informing some users that they will soon be restricted in how many link posts they can share each month, unless they pay for its Meta Verified subscription service. As per the notification message: "Starting December 16, certain Facebook profiles without Meta Verified, including yours, will be limited to sharing links in 2 organic posts per month. Subscribe to Meta Verified to share more links on Facebook, plus get a verified badge and additional benefits to help protect your brand." To be clear, right now this is a limited test, so relatively few Pages are impacted. But understandably, a lot of users are also seeking more information on the change, and whether it could be expanded to all Pages. So, Meta's seeking to boost take-up of Meta Verified, in order to make more money out of its subscription option, which, for business users, costs between $14.99 and $499 per month, depending on which package you choose.

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Categories: Computer, News

Warner Bros Discovery Board Rejects Rival Bid From Paramount

Slashdot - Wed, 2025-12-17 15:45
Warner Bros Discovery's board spurned Paramount Skydance's $108.4 billion hostile takeover bid on Wednesday, calling the offer "illusory" as it accused the studio giant of misleading shareholders about its financing. From a report: Paramount has been in a race with Netflix to win control of Warner Bros, and with it, its prized film and television studios, HBO Max streaming service and franchises like "Harry Potter." After Warner Bros accepted the streaming giant's offer, Paramount launched a hostile offer to outdo that bid. In a letter to shareholders on Wednesday, the Warner Bros board wrote that Paramount had "consistently misled" Warner Bros shareholders that its $30-per-share cash offer was fully guaranteed, or "backstopped," by the Ellison family, led by billionaire and Oracle co-founder Larry Ellison.

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