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August 15, 2022, 7:25 AM
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Top News

Mark Gurman / Bloomberg:
Sources: Apple ads team lead Todd Teresi now reports directly to Eddy Cue and wants to increase the group's ad revenues from $4B per year to double digits  —  Apple is set to expand ads to new areas of your iPhone and iPad in search of its next big revenue driver.
Tiffany Hsu / New York Times:
Ahead of the US midterms, a look at TikTok's ongoing struggles to contain misinformation during elections, such as in Australia, France, and Kenya this year  —  The fast-growing platform's poor track record during recent voting abroad does not bode well for elections in the U.S., researchers said.
David McCabe / New York Times:
A look at the growing bipartisan scrutiny of TikTok in the US; email: House officials told staff they did not recommend using the app, citing security concerns  —  National security concerns over the Chinese-owned viral video app remain unresolved.  Lawmakers and regulators are increasingly pushing for action.
Emma Roth / The Verge:
Uber plans to end its free loyalty program Uber Rewards on November 1, 2022, to focus on its new Uber One membership program for $10 per month or $100 per year  —  You have until October 31st to spend your leftover Uber Rewards points  —  Uber is ending its free loyalty program, Uber Rewards …
Lucy Harley-McKeown / The Block:
Galaxy Digital terminates its $1.2B acquisition of crypto custodian BitGo, announced in May 2021, after the service failed to provide audited statements  —  - Galaxy Digital announced on Monday that it would terminate its deal with crypto custodian BitGo, which had been announced in May 2021.
Bloomberg:
Analysis: Google Maps in the US regularly misleads people looking for abortion providers, instead pointing them towards non-medical crisis pregnancy centers  —  Chey was a 19-year-old college sophomore living near Orlando, Florida, when she discovered she was pregnant and decided to have an abortion.
Kyle Wiggers / TechCrunch:
New York City-based Kumospace, which offers video chat and remote work tools with a “virtual office” feel, has raised a $21M Series A led by Lightspeed  —  After more than two years of remote work, many employees have no interest in returning to the office — at least not without good reason.
Wall Street Journal:
The US' $42.5B broadband budget for underserved areas is withheld until the FCC makes new service maps, which aren't expected by rural providers until late 2023  —  The $42 billion broadband plan is slowed by lack of accurate maps showing gaps in service  —  WASHINGTON—The government's …
Bobby Kent / GameLuster:
Court docs in Brazil show Microsoft sold approximately 58.5M Xbox One units in total, or half of the PS4's 117.2M sales; Microsoft has long hidden sales figures  —  A high-profile case is ongoing in Brazil, as Microsoft attempts to defend its Activision Blizzard acquisition from CADE, the Brazilian competition authority.
Andrew Hill / Financial Times:
A look at the UK's beleaguered semiconductor industry, which has withered since the 1980s, and efforts to revive domestic production amid a global supply crunch  —  Richard Rogers' buildings are known for their inside-out architecture.  The Inmos microprocessor factory in Newport, south Wales, completed in 1982, is no exception.

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From Mediagazer

Lucas Shaw / Bloomberg:
Sources: ABC extended Jimmy Kimmel's deal until May 2027; the deal was reached months ago, but the announcement was delayed out of respect for Stephen Colbert

Mark Kleinman / Sky News:
Source: Piers Morgan's YouTube-based venture Uncensored is raising £22.5M from The Raine Group, Theo Kyriakou, and others at a £97M pre-money valuation

Max Tani / Semafor:
Source: OpenAI privately complained to NBC News that the author of a story about OpenAI pressuring nonprofits was backed by a nonprofit involved in the story

More News

Cissy Zhou / Nikkei Asia:
Source: China has blocked Tencent-backed health platform DXY from posting on Weibo, WeChat, and Douyin amid its criticism of China's efforts to fight COVID-19

Earlier Picks

Chris Metinko / Crunchbase News:
Brooklyn-based Overtime, which shares original sports content on social media, raised a $100M Series D at a $500M valuation, bringing its total funding to $250M
Freddy Brewster / Los Angeles Times:
A look at Sam Bankman-Fried's US lobbying to make the CFTC, not the SEC, oversee crypto markets and change how commodity futures markets operate in the US
Kyle Wiggers / TechCrunch:
Stable Diffusion, a DALL-E 2-like system now available to 1K+ researchers, raises tricky ethical questions by allowing depictions of public figures and more
Yogita Khatri / The Block:
Dutch authorities arrest a Tornado Cash developer suspected of involvement in concealing money laundering, two days after the US sanctioned the crypto mixer
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