| 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.| 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.| New York Times: |
a16z invests in Adam Neumann's residential real estate management startup Flow, sources say ~$350M at a $1B+ valuation, the firm's largest-ever individual check — WeWork's founder is back with a billion-dollar venture. — WeWork's founder is going residential| Lily Hay Newman / Wired: |
A “jailbreak” for John Deere tractors, helping farmers modify and repair them, highlights issues with securing farm equipment and the right-to-repair debate — A hacker has formulated an exploit that provides root access to two popular models of the company's farm equipment.| 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.| Paresh Dave / Reuters: |
Around two years ago, Apple updated its employee conduct policy to prohibit discrimination on the basis of caste, making it a leader on the issue alongside IBM — America's tech giants are taking a modern-day crash course in India's ancient caste system, with Apple (AAPL.O) … | Christine Hall / TechCrunch: |
Gorgias, which offers AI-powered customer service tools for e-commerce, raised a $30M Series C at a $710M valuation led by Transpose Platform and Shopify — Gorgias, developing customer service tools for e-commerce companies, raised $30 million in new Series C capital in a round that boosted its valuation to $710 million.| Alex Webb / Bloomberg: |
Meta focusing on Europe makes sense for three reasons: raising ARPU in the region to US levels, facing off regulatory headwinds, and attracting cheaper talent — A sizable chunk of the executive team at Meta Platforms Inc.—Facebook, to you and me—is decamping to London.| 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.| Todd Spangler / Variety: |
Snap says its Snapchat+ subscription, launched in June, now has 1M+ users globally and adds features, including priority Story replies to celebs — It's not going to make much of a dent to offset Snap's stalling ad business, but the company is touting that it has signed up more than 1 million subscribers … | Reuters: |
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