Techmeme
September 28, 2022, 11:40 AM

Top News

Bloomberg:
Sources: Apple tells suppliers to pull back from increasing the supply of iPhone 14 models by ~6M units in H2, instead aiming for 90M units, on par with 2021  —  Apple Inc. is backing off plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize …
Mitchell Clark / The Verge:
Apple confirms it removed apps from VK, which owns Mail.ru and Russia's largest social network VKontakte, citing UK sanctions; the apps are still on Google Play  —  The translated statement says “some VK applications are blocked by Apple” but that it will “continue to develop and support iOS applications.”
Financial Times:
Olga Kharif / Bloomberg:
Source: FTX is in the process of raising a $1B round, which hasn't closed, as Sam Bankman-Fried considers bidding for bankrupt lender Celsius Network's assets  —  Sam Bankman-Fried, the crypto billionaire who has been bailing out distressed industry players in recent months …
Vicky Ge Huang / Wall Street Journal:
Bloomberg:
The US SEC and CFTC fine 16 financial firms $1.1B and $710M in penalties, respectively, for failing to monitor employees using unauthorized messaging apps  —  US regulators reached settlements with a dozen banks in a sprawling probe into how global financial firms failed to monitor employees' communications …
Amanda Silberling / TechCrunch:
Tumblr introduces “community labels” to let users tag posts about drug and alcohol addiction, violence, and sexual content; its content rules remain unchanged  —  Tumblr announced a “community labels” feature this week that will make it easier for bloggers to filter out sensitive content that they may not want to see.
Ingrid Lunden / TechCrunch:
Milan-based Satispay, an independent payment network that bypasses banks and credit card companies, raised a €320M Series D led by Addition at a €1B+ valuation  —  More signs that the economy is slowing down in Europe, and that costs are going up, are driving merchants and consumers …
Richard Lawler / The Verge:
Fast Company took its website offline after a hacker used its Apple News account to send two obscene push notifications; Apple disabled the outlet's channel  —  It's been a little while since we had a high-profile media feed hijacking, but tonight someone sent an Apple News notification …
Jeff Green / Bloomberg:
As California becomes the latest state to require listing salary ranges in job postings, Meta, Alphabet, Disney, and others will have to comply by January 2023  —  Ready or not, what your job pays is about to get a lot less private.  —  California, with its roughly 19 million workers …
Cameron Thompson / CoinDesk:
Luxury auction house Christie's launches Christie's 3.0, an Ethereum-based platform for selling NFT art, in partnership with Chainalysis, Manifold, and Spatial  —  Christie's 3.0 has teamed up with Chainalysis, Manifold, and Spatial to sell NFT artwork on Ethereum.
Financial Times:
WhatsApp head Will Cathcart warns UK ministers against undermining encryption in the Online Safety Bill, arguing the move would embolden authoritarian regimes  —  Moves to undermine messaging encryption could embolden hostile nation states, Will Cathcart says
Brody Ford / Bloomberg:
Adobe's Scott Belsky says the company plans to integrate Figma without changing its pricing or UI, add support for other Adobe tools, and more  —  Adobe Inc. plans to add technology from its creative software portfolio to Figma without tweaking pricing or simplicity after its acquisition …

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