January 4, 2018, 9:50 PM

Top News

Sources: Jimmy Iovine to leave Apple Music in August, a time believed to coincide with the full vesting of his Apple stock  —  His planned departure is likely timed to his shares fully vesting, sources tell Billboard.  —  Look for Jimmy Iovine to leave Apple Music in August.
Tony Romm / Recode:
Sources: FCC Chairman Ajit Pai canceled his scheduled appearance at CES after receiving death threats  —  The threats have intensified following an FCC vote to repeal net neutrality rules.  —  Federal Communications Commission Chairman Ajit Pai canceled his scheduled appearance …
Tony Romm / Recode:
FCC releases final text of the order overturning net neutrality and statements from Pai, O'Rielly and Carr in support and Rosenworcel and Clyburn in opposition  —  It's long!  —  Roughly a month after the Federal Communications Commission voted to scrap the U.S. government's net neutrality rules …
Jeremy Horwitz / VentureBeat:
Intel begins issuing patches to combat Spectre and Meltdown flaws, with plans to release updates for 90% of chips from past five years this week  —  Following up on yesterday's confirmation that security exploits can compromise computers with Intel processors, Intel today announced a timetable …
Ina Fried / Axios:
Apple says all Mac, iOS devices affected by Meltdown and Spectre; Meltdown defense added in iOS 11.2, macOS 10.13.2; Spectre patch for Safari coming within days  —  After more than a day of silence, Apple confirmed Thursday that the Mac, iPhone and iPad are all affected by the recently disclosed massive chip vulnerability.
Troy Wolverton / Business Insider:
Michelle Castillo / CNBC:
Mark Zuckerberg says his 2018 personal challenge will be addressing issues like interference by nation states, abuse, quality of time spent on platform  —  Facebook CEO Mark Zuckerberg's mission in 2018 is to fix Facebook's mounting issues from last year, including state interference and harassment on its platforms.
App Store customers spent $300M worldwide on New Year's Day and spent over $890M in the week starting Dec. 24; developers earned $26.5B in 2017, up 30%+ YoY  —  New Year's Day Sets Record With $300 Million in Purchases  —  Cupertino, California — App Store customers around the world …
Evelyn Cheng / CNBC:
Ripple co-founder Chris Larsen reportedly owns 5.19B XRP tokens and a 17% stake in the company, valued at ~$59.9B after 36,000% increase in XRP value  —  - With Ripple's XRP coin hitting a high of $3.84, the company's co-founder and executive chairman, Chris Larsen, is now worth about $59.9 billion on paper.
Juli Clover / MacRumors:
Spotify says it has 70M paying subscribers, up from 60M in late July 2017, as the company prepares for an IPO  —  Spotify today announced on Twitter that it has hit a new milestone, with the streaming music service reaching a total of 70 million paid subscribers.
Stephen Shankland / CNET:
Apple quietly joined the Alliance for Open Media, focused on video compression tech, which counts Google, Amazon, Microsoft, and Facebook as members  —  For months, powerful companies including Google, Amazon, Microsoft and Facebook have been working to shrink online video sizes.
Will Oremus / Slate:
Calls for Twitter to ban President Trump are misguided and counterproductive; the biggest threat posed by @realDonaldTrump is to Trump's own presidency  —  Ever since Donald Trump became president, some liberal activists have called for Twitter to suspend his account.

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