August 16, 2022, 12:55 PM

Top News

Carly Page / TechCrunch:
Signal says attackers accessed the phone numbers and SMS verification codes for around 1,900 users as part of the recent Twilio breach  —  End-to-end encrypted messaging app Signal says attackers accessed the phone numbers and SMS verification codes for almost 2,000 users as part of the breach at communications giant Twilio last week.
Mark Gurman / Bloomberg:
Sources: Apple has laid off about 100 recruiter contractors in the past week, a rare move as part of a push to rein in hiring and spending  —  Apple Inc. laid off many of its contract-based recruiters in the past week, part of a push to rein in the tech giant's hiring and spending, according to people with knowledge of the matter.
Kadhim Shubber / Financial Times:
Sources: ahead of a Fed meeting in January, Celsius CEO Alex Mashinsky personally directed individual trades, overruling executives, leading to large losses  —  In January, Celsius Network boss Alex Mashinsky gathered his investment team to tell them he would be taking control …
Dave Lee / Financial Times:
Filing: Amazon accuses the FTC of harassing its top executives, including Jeff Bezos and Andy Jassy, as part of its investigation into Prime membership  —  Ecommerce group hits out at US regulator's tactics in probe into Prime membership scheme  —  Amazon has accused the US Federal Trade Commission …
Sara Fischer / Axios:
Oracle begins “regular vetting and validation” of TikTok's algorithms and content moderation models to ensure they aren't manipulated by Chinese authorities  —  Oracle has begun vetting TikTok's algorithms and content moderation models to ensure they aren't manipulated by Chinese authorities, Axios has learned.
Mark Gurman / Bloomberg:
Sources: Apple sets a return-to-office deadline for September 5; employees will come in Tuesdays, Thursdays, and a third day determined by individual teams  —  Apple Inc. has set a Sept. 5 deadline for corporate employees to be in the office at least three days a week after delaying …
Ian King / Bloomberg:
Experts say the chip market is facing an “inventory correction”, which could be the worst downturn in a decade, as the global economy weakens and demand fades  —  Even in an industry famous for its roller-coaster cycles, chipmakers are bracing for a particularly severe shift in coming months …
Kathrin Hille / Financial Times:
Devon Zuegel / Freethink:
Argentines are adopting crypto in black markets for cash to escape government scrutiny, but are still using centralized intermediaries and apps, such as Binance  —  Argentina's black market for cash is embracing crypto — but it's not what crypto proponents expected.  —  Fields  —  Blockchain
Joe Flint / Wall Street Journal:
Nielsen strikes a deal with Amazon to measure Thursday Night Football, the first time a streaming service will be included in Nielsen's weekly TV viewing report  —  Three-year deal marks first time ratings firm will include viewership of a streaming service's programming in traditional TV report
Daniela Wei / Bloomberg:
Alibaba's Tmall reintroduces H&M products, after a boycott started in March 2021 over Xinjiang comments; H&M stores don't yet appear on Apple Maps or Baidu Maps  —  Retail giant Hennes & Mauritz AB returned to Chinese e-commerce platform Tmall more than a year after it was removed …
John D. McKinnon / Wall Street Journal:
Idaho-based Kochava sues the FTC, claiming the agency is threatening to sue it for marketing geolocation data that might be used to track abortion clinic visits  —  FTC wrongly contends data could track visits to sensitive places such as clinics offering abortion, company claims
Mary Ann Azevedo / TechCrunch:
Arc, which offers debt funding and digital banking services to SaaS startups, raised a $20M Series A, after raising an $11M seed and $150M debt in January 2022  —  Arc, a company that aims to give SaaS startups “a way to borrow, save and spend” in one place, has raised $20 million in a Series A round of funding.

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Lucy Harley-McKeown / The Block: