| Mark Gurman / Bloomberg: |
A look at Apple's strategy to keep executives who wish to retire; sources: the M4 Mac mini will have five USB-C and no USB-A ports, and an internal power supply — Apple's succession strategy has come into focus with the upcoming exit of its chief financial officer.| Faiz Siddiqui / Washington Post: |
Fidelity values X at ~72% below Elon Musk's purchase price, meaning Prince Alwaleed bin Talal Al Saud would be down $1.4B and Dorsey and Ellison $720M each — Elon Musk bought Twitter with a combination of his own money, bank loans and capital raised from friends and associates.| Reuters: |
Source: Pat Gelsinger aims to offer ideas to Intel's board to cut capex spending and more, like halting the $32B chip plant project in Germany or selling Altera — Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company's board of directors … | Bloomberg: |
OKX says the Monetary Authority of Singapore granted OKX SG a Major Payment Institution license, and appoints former Grab executive Gracie Lin as OKX SG's CEO — - CEO Lin to focus on products, seeks MAS nod for adding tokens — Crypto exchange OKX named former regulator Gracie Lin as CEO … | Wall Street Journal: |
Apple and Meta fight over which should be responsible for verifying users' ages in teen social media bills; Apple lobbied Louisiana to kill a device-level rule — Earlier this year, freshman Louisiana legislator Kim Carver got a close look at Apple's AAPL -0.34%decrease; red down pointing triangle formidable lobbying machine.| Bloomberg: |
Sources: China has threatened Japan with severe economic retaliation if Japan further restricts sales and servicing of chipmaking equipment to Chinese firms — - One concern is Toyota could lose access to critical minerals — Biden is pressuring Japan to align with possible new US rules| Jay Peters / The Verge: |
A look at Sub.club, which aims to let users on ActivityPub-based platforms monetize content via subscriptions while taking a 6% cut, available in dev preview — The fediverse has the potential to help create enduring and interoperable social networks. But many creators and businesses rely on bigger … | Daniel Lippman / Politico: |
Sources: LobbyMatic, which offers AI tools for lobbying, is covertly run by far-right conspiracy theorists and convicted felons, Jacob Wohl and Jack Burkman — Jacob Wohl and Jack Burkman are operating under the pseudonyms Jay Klein and Bill Sanders. — A Washington startup pitched … | Wall Street Journal: |
Netflix is trying to improve dubbing and translations of non-English content, particularly South Korean reality TV shows, to drive international viewership — Using South Korea as a testing ground, the streaming giant offers culture classes to voice actors to nail the nuances of translation| Kenza Bryan / Financial Times: |
A look at Amazon's and Bezos Earth Fund's growing influence on the carbon credit market, as experts worry about how Big Tech aims to achieve tough climate goals — Experts warn of ties between Big Tech and philanthropic bodies with groups that set corporate climate standards| Aanu Adeoye / Financial Times: |
A US court fines Dozy Mmobuosi, the founder of Tingo, which sells phones to African farmers, $250M+ after the SEC said he inflated financial performance metrics — Decision against Dozy Mmobuosi by US court comes after civil complaint by SEC against his Nasdaq-listed companies| Chien Mi Wong / Bloomberg: |
Sources: ByteDance is tapping Citigroup, Goldman Sachs, and JPMorgan for a $9.5B loan, the biggest dollar-denominated corporate loan in Asia, excluding Japan — - Loan carries greenshoe option that allows size to increase — Citigroup, Goldman Sachs, JPMorgan are the loan coordinators| New York Times: |
How Brazil's experiment fighting fake news during the 2022 elections, giving a justice broad power to order social networks to remove content, led to the X ban — To combat disinformation, Brazil gave one judge broad power to police the internet. Now, after he blocked X, some are wondering whether that was a good idea.| Nick Burns / Americas Quarterly: |
| New York Times: |
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