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October 24, 2022, 1:10 PM
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memeorandum
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| Financial Times: |
A look at the long-term impact on TSMC's business as the US seeks to reduce its dependency on Taiwanese chips and cut China off from key semiconductor supplies — Washington wants the company that dominates semiconductors to move more production to the US but Taipei is resisting
More:
Bloomberg, AppleInsider, PCMag, SemiAnalysis, 9to5Mac, Wall Street Journal, Appuals.com, and Wccftech
Tweets: @brad_setser, @alexckaufman, @chadbown, @martijnrasser, @pelstrom, @etaylaw, @rikefranke, and @antoandreoni
| Financial Times: |
Sources: Chinese memory chip maker YMTC asks core US staff to leave the company, after its CEO stepped down ahead of the latest US export controls announcement — Washington's restrictions block a vital pipeline of talent for China's semiconductor industry| Emma Roth / The Verge: |
YouTube rolls out design changes to its app, including pinch-to-zoom, more precise seeking, and a darker dark mode — YouTube announced some new design changes that are rolling out now, including pinch-to-zoom for everyone and precise seeking with a more usable preview to help you find the section of the video you're looking for.
More:
YouTube Official Blog, Engadget, Android Police, MacRumors, Softpedia News, 9to5Google, AppleInsider, Android Headlines, and The Streamable
Tweets: @sundarpichai and @liron_segev
| The Bureau of Investigative Journalism: |
Interviews with TikTok moderators in Colombia, contracted via Teleperformance, describe pay as low as $10 per day, horrific content, long hours, and more — Content warning: This story contains description of extreme and disturbing violence, suicide, child abuse and cruelty to animals.
More:
The Guardian, Insider, and Slashdot
| Brad Gerstner / @altcap: |
In an open letter, Altimeter Capital founder and CEO Brad Gerstner encourages Meta to cut capex by $5B+, cut headcount by 20%+, limit metaverse R&D to $5B/year — As you know, we are long-term shareholders. Despite public skepticism — at times warranted — we have been supporters …
More:
Bloomberg, Reuters, Barron's Online, CNBC, and Slashdot
| Dan Seifert / The Verge: |
iPad (10th gen) review: great performance and battery, lots of apps, and USB-C, but accessories are confusing and expensive, high price, and average display — Apple's latest base-model iPad cribs a lot of features from the more expensive iPad Air. But it also is considerably more expensive than before, making it a tough sell.
More:
Wired, MacRumors, ZDNet, 9to5Mac, CNBC, CNET, Engadget, Mashable, TheStreet, Six Colors, AppleInsider, AppleInsider, MacRumors, 9to5Mac, TechRadar, MacStories, Pocket-lint, MacDailyNews, Tom's Guide, TechRadar, iClarified, SlashGear, CNBC, TechSpot, iMore, and Tech Guide
Tweets: @reckless, @viticci, @tomwarren, @dcseifert, @reckless, @viticci, and @pierce
| Benjamin Mayo / 9to5Mac: |
Apple raises Music price by $1 to $10.99 per month for individuals, TV+ by $2 to $6.99, and Apple One by $2 to $16.95, citing increased licensing costs — Apple is today increasing the prices of its Apple Music and Apple TV+ subscription services. The Apple One bundle price is also rising in unison.| Henry Ren / Bloomberg: |
As President Xi Jinping consolidates his grip on China's ruling party, Alibaba, JD.com, Naspers, and other tech stocks drop by 10%+ — US-listed Chinese stocks tumbled in premarket trading, with investors spooked by President Xi Jinping's tightening grip on China's ruling party …
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Bloomberg, CNBC, Financial Times, Nikkei Asia, Barron's Online, Coinspeaker, Wall Street Journal, Forkast, Fortune, and Reuters
Tweets: @themaverickws, @williamnee, @markets, @sofiahcbbg, @techcharts, @lisaabramowicz1, @niubi, and @prchovanec
| Sunil Jagtiani / Bloomberg: |
FTX plans to offer $6M to account holders impacted by a phishing incident via a third-party site, but says this kind of relief will not become the norm — Digital-asset exchange FTX will provide about $6 million compensation to its account holders impacted by a phishing incident via a third-party website.
More:
Cointelegraph, Blockworks, CryptoSlate, CoinDesk, Ethereum World News, Coinspeaker, The Block, Bitcoinist.com, Cryptopolitan, CoinGape, and Decrypt
Tweets: @sbf_ftx, @sbf_ftx, @sbf_ftx, @wublockchain, @sbf_ftx, @bitboy_crypto, @sbf_ftx, @ourielohayon, @sbf_ftx, @bitboy_crypto, @wublockchain, @sbf_ftx, @bitbitcrypto, @sbf_ftx, and @sbf_ftx
| David Pierce / The Verge: |
After months of beta tweaks, iPadOS 16's Stage Manager still is not a great app switcher for multitasking, plagued by bugs and confusing app management logic — There is really only one big idea inside of iPadOS 16. The new operating system comes with plenty of improvements and upgrades …
More:
MacStories, 9to5Mac, and AppleInsider
Tweets: @viticci, @pierce, @shortformernie, @pierce, @harrymccracken, @ismh, @gartenberg, and @verge
| Frederic Lardinois / TechCrunch: |
Merge, an API integration service focused on HR and accounting systems, raised a $55M Series B led by Accel, says over 2,500 companies use it in their SaaS apps — The funding environment may have changed in recent months, but startups with strong fundamentals are still able to raise.
Tweets: @willschoebs
| Gillian Tan / Bloomberg: |
The Coterie, which lets founders access funds from Coatue, a16z, and others to sidestep illiquid stock, raised a $40M Series A led by a16z at a $100M+ valuation — Andreessen Horowitz led a $40 million funding round for The Coterie, valuing the financial technology platform at more than $100 million.| Wall Street Journal: |
Sources: US banks backing Elon Musk's Twitter deal plan to hold all $13B of debt on their balance sheets rather than selling it, amid a difficult debt market — Truncated timeline to sell $13 billion in debt—and strained market conditions—could make Twitter the biggest ‘hung’ buyout deal of all time
More:
TWiT.tv, Bloomberg, CNN, Wall Street Journal, and Axios
Tweets: @shiraovide, @rationalwalk, @dbrauer, @briannawu, and @carlquintanilla
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