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October 17, 2021, 8:10 AM

Top News

Patrick McGee / Financial Times:
Analysis: Apple's Search Ads now account for 58% of iPhone app downloads resulting from an ad click; Apple to earn $5B from its ads business this fiscal year  —  iPhone maker's share of mobile app advertising market has tripled in six months  —  Apple's advertising business has more than tripled …
Mitchell Clark / The Verge:
Valve quietly updates Steam's rules to ban games “built on blockchain technology that issue or allow exchange of cryptocurrencies or NFTs”  —  Your move, Epic Games Store  —  Games that use blockchain technology or let users exchange NFTs or cryptocurrencies won't be allowed on Steam …
Julie Jargon / Wall Street Journal:
Some doctors in the US and other countries say TikTok videos about Tourette syndrome may be contributing to a rise in cases of teen girls with physical tics  —  When teens started turning up in doctors' offices with sudden, severe physical tics, specialists suspected social media …
Lucas Shaw / Bloomberg:
Internal document: Netflix estimates Squid Game will create almost $900M in value for the company; 87M viewers have finished the series in the first 23 days  —  More than 130 million people have watched the Korean show  —  Netflix estimates that its latest megahit, “Squid Game,” …
New York Times:
Internal docs: Instagram spent the majority of its global annual marketing budget since 2018 targeting teenagers, as it worries about losing its user “pipeline”  —  The app, hailed as Facebook's growth engine, has privately wrestled with retaining and engaging teenagers, according to internal documents.
Eliot Brown / Wall Street Journal:
Analysis: median CEO pay of US tech startups that went public in 2020 was $21.9M; seven of the 10 best-paid CEOs of US public companies were from such startups  —  Startup creators once tended to take little or no remuneration as CEOs.  Now, some are getting giant stock awards …
Kyle Chayka / New Yorker:
A look at Raya, a secretive subscription-based social network with a rigorous user selection process and a rigid code of silence for accepted members  —  The app has created a space free of the problems that plague the rest of the Web, but only by leaving almost everybody out.
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Chavi Mehta / Reuters:
Jack Dorsey says Square is considering building an open source Bitcoin miner, using custom silicon, for individuals and businesses  —  Square Inc (SQ.N) Chief Executive Officer Jack Dorsey said on Friday the fintech firm is looking to build a bitcoin mining system based on custom silicon …
Catalin Cimpanu / The Record:
A joint advisory by the FBI, NSA, CISA, and EPA reveals three more ransomware attacks on water treatment plants this year in Nevada, Maine, and California  —  Ransomware gangs have silently hit three US water and wastewater treatment facilities this year, in 2021, the US government …

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Kellen Browning / New York Times: