Techmeme
September 2, 2024, 8:15 AM

Top News

Mark Gurman / Bloomberg:
A look at Apple's strategy to keep execs, who wish to retire, around longer; sources: M4 Mac mini will have 5 USB-C ports, internal power supply, and no USB-A  —  Apple's succession strategy has come into focus with the upcoming exit of its chief financial officer.
Faiz Siddiqui / Washington Post:
Fidelity's latest valuation of X, 72% lower than when Musk took over, would mean top investor Prince Alwaleed bin Talal al Saud is down $1.4B and Ellison $720M  —  Elon Musk bought Twitter with a combination of his own money, bank loans and capital raised from friends and associates.
New York Times:
Bluesky reports a record spike in usage as many X users in Brazil move to Bluesky and Threads; Brazil is X's fifth-largest international market, with 20M+ users  —  The platform went dark across Brazil on Saturday, sending online commentators to new digital town squares.
New York Times:
Nick Burns / Americas Quarterly:
Reuters:
Sources: Pat Gelsinger aims to present Intel's board ideas 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 OKX SG received a Major Payment Institution license from the Monetary Authority of Singapore, and appoints former Grab exec Gracie Lin as OKX SG 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 who should determine user's age in teen social media use bills; Apple lobbied Louisiana to kill a device level age check requirement  —  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.
More: AppleInsider
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, including Jacob Wohl  —  Jacob Wohl and Jack Burkman are operating under the pseudonyms Jay Klein and Bill Sanders.  —  A Washington startup pitched as a service …
Bluesky: @wagatwe.com
Chien Mi Wong / Bloomberg:
Sources: ByteDance is tapping banks, including Citigroup 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

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Featured Podcasts

Spotlight On:
Bonus Episode: n8n's Jan Oberhauser on building the Excel of AI
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More News

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