| Bloomberg: |
The SEC sues Terraform Labs and Do Kwon, accusing them of selling unregistered securities and perpetrating a fraudulent scheme that lost $40B+ in market value — The US Securities and Exchange Commission is preparing to sue the company behind TerraUSD, a crypto stablecoin whose collapse … | Suvashree Ghosh / Bloomberg: |
The SEC says Do Kwon and Terraform Labs have withdrawn $100M+ in fiat currency from a Swiss bank since June 2022, after moving 10K+ Bitcoin out of a cold wallet — Crypto fugitive Do Kwon and the firm he founded transferred over 10,000 Bitcoin out of their doomed project and turned … | Wall Street Journal: |
Sources: Meta gave ~10% of staff subpar ratings in recent performance reviews, a sign of more workforce reductions, and cut a bonus metric to 85% of its target — The performance-review process is expected to set the stage for more workforce reductions this year — Why Tech Layoffs Don't Reflect the Job Market| Sheila Dang / Reuters: |
Source: Microsoft is demoing Bing chatbot to ad agencies, saying it plans paid links within the chatbox responses and industry-specific ads — Microsoft (MSFT.O) has started discussing with ad agencies how it plans to make money from its revamped Bing search engine powered … | New York Times: |
| OpenAI: |
OpenAI plans to improve ChatGPT's behavior to reduce biases, allow more user customization, and get more public input into decision-making about system defaults — We're clarifying how ChatGPT's behavior is shaped and our plans for improving that behavior, allowing more user customization … | Yueqi Yang / Bloomberg: |
Source: Binance is considering de-listing USDC and other tokens and ending relationships with US partners, including VC investments, amid regulatory scrutiny — Crypto giant Binance Holdings Ltd. is considering ending relationships with US business partners as regulators turn up the heat.| Clothilde Goujard / Politico: |
Under the Digital Services Act, online platforms disclose their MAUs in the EU: YouTube has 401M, Facebook 255M, Instagram 250M, TikTok 125M, Twitter 101M — TikTok, Twitter, Facebook and Instagram have now confirmed they will face the strictest rules under the EU's content-moderation law, the Digital Services Act (DSA).| Victoria Song / The Verge: |
Fitbit plans to remove adventures, challenges, and open groups from its app and replace Studio with an SDK; Google says the features were of “limited use” — Fitbit users: better one-up your friends in challenges while you still can. Starting March 27th, Fitbit will remove all adventures … | Josh Ye / Reuters: |
Sources: Tencent cuts its 300-strong metaverse unit and drops VR hardware plans due to trouble achieving quick profitability and the need for a big investment — Tencent Holdings (0700.HK) is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts … | Thomas Claburn / The Register: |
Source: the UK CMA is investigating a deal in which Google pays Apple a portion of search revenue generated by people using Chrome on iOS — Those billions just may have dissuaded iPhone giant from building rival search, beefing up Safari — EXCLUSIVE Google has been paying Apple a portion … | Jay Peters / The Verge: |
Apple's iOS 16.4 and iPadOS 16.4 betas add support for Safari web apps on the homescreen to send push notifications and show notification badges — Apple's new iOS and iPadOS 16.4 betas will let Safari web apps on your homescreen send you push notifications, according to a new post on the WebKit blog.| Bloomberg: |
Filing: the Saudi Arabian Public Investment Fund's Savvy Games Group now owns 8.3% of Nintendo, the largest outside shareholder, up from ~6% in early 2023 — Saudi Arabia's Public Investment Fund became the largest outside shareholder of Nintendo Co. on Friday, in the latest move by the Gulf state to lower its reliance on oil.| Erika Wheless / Ad Age: |
TikTok quietly launches its in-app shopping checkout feature in the US; apparel brands Pacsun, Revolve, and Willow Boutique seem to be among the pilot partners — Pacsun and Revolve appear to be among the pilot brands — TikTok has quietly launched its shop pilot in the U.S. … | Mia Sato / The Verge: |
| Sarah E. Needleman / Wall Street Journal: |
DoorDash Q4: revenue up 40% YoY to $1.8B, vs. $1.77B est., a $642M net loss, vs. $265M est., up from $155M YoY, and 32M+ MAUs, up from 25M+ YoY; DASH jumps 5%+ — People are spending more on food delivery even as prices rise — DoorDash Inc.'s DASH -1.95%decrease; red down pointing triangle revenue rose …
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| Josh Ye / Reuters: |
| Chainalysis: |
| Janko Roettgers / Lowpass: |
| Jennifer Elias / CNBC: |
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| Tom Warren / The Verge: |
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| Sarah Perez / TechCrunch: |