Techmeme
November 29, 2022, 2:15 AM

Top News

Juli Clover / MacRumors:
Washington Post:
Source: in Q1 2022, Apple was the top advertiser on Twitter, spending $48M and accounting for over 4% of Twitter's revenue that quarter  —  In a series of tweets, the billionaire says Apple also has mostly stopped advertising on Twitter  —  Elon Musk on Monday went on a tear against Apple …
Financial Times:
Source: Musk sought to call some brands' CEOs to berate them for advertising less on Twitter; others lowered spend to the minimum needed to avoid confrontation  —  Top brands abandon social media platform as billionaire owner berates chief executives who have curbed spending
Morgan Meaker / Wired:
Sources: Twitter only has one staffer left on a team dedicated to removing CSAM after layoffs, despite Musk saying “removing child exploitation is priority #1”  —  Just one person remains to enforce the company's ban on child sexual abuse content across Japan and the Asia Pacific region.
Haje Jan Kamps / TechCrunch:
Apple Watch Ultra and Oceanic+ review by a scuba diver: better than other dive computers in user interface and screen but misses some high-end features  —  In short: dive computer makers should be worried  —  In September, Apple launched the Apple Watch Ultra, which is not only waterproof to 100 meters …
Decrypt:
BlockFi files for Chapter 11 bankruptcy protection in New Jersey, plans to lay off a large portion of its staff, and says it has $256.9M cash on hand  —  The FTX contagion has just claimed another crypto firm. … The crypto lender is also laying off a large portion of its staff, the source said.
Foo Yun Chee / Reuters:
Sources: Microsoft will likely soon offer the EU concessions regarding the Activision deal; source: the main remedy would be a 10-year licensing deal to Sony  —  Microsoft (MSFT.O) is likely to offer remedies to EU antitrust regulators in the coming weeks to stave off formal objections …
Wall Street Journal:
FTX's collapse was exacerbated by centralization; FTX being a decentralized exchange, based on smart contracts, could have prevented SBF draining customer funds  —  Automated market makers can obviate the need to hold customer money and the opportunity for fraud.
Jay Peters / The Verge:
The FTC and seven US states settle with Google and iHeartMedia, requiring the companies to pay $9.4M for allegedly paying radio hosts for deceptive Pixel 4 ads  —  Google and iHeartMedia are settling with the Federal Trade Commission (FTC) and seven state attorneys general for allegedly paying radio hosts …

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