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Internal messages: Twitter's EMEA ad revenue dropped 15% YoY and weekly bookings are down 49%; source: Blue is delayed as Twitter seeks to skirt App Store fees — Revenues are in free fall, employees say. Can Musk turn the tide? — and Zoë Schiffer| Sara Dorn / Forbes: |
Republicans Ron DeSantis, Ken Buck, Mike Lee, Marsha Blackburn, and others mention legislative action to curb Apple's app market power after Elon Musk's tweets — Florida Gov. Ron DeSantis (R) on Tuesday joined a growing chorus of Republicans criticizing Apple after Twitter owner Elon Musk claimed … | Marco Quiroz-Gutierrez / Fortune: |
In an interview, SBF claims he donated about the same amount to both parties in 2022 but the GOP donations were “dark” money, discusses Alameda, FTT, and more — Sam Bankman-Fried's donations to Democrats are well documented. In an interview released Tuesday … | Financial Times: |
| David Yaffe-Bellany / New York Times: |
| Manish Singh / TechCrunch: |
The European Central Bank says that bitcoin is “rarely used for legal transactions” and is on the “road to irrelevance”, without citing any strong data points — European Central Bank officials alleged on Wednesday that bitcoin is “rarely used for legal transactions … | Yogita Khatri / The Block: |
Binance acquires Japan-based licensed exchange Sakura Exchange BitCoin for an undisclosed sum, the exchange's re-entry to Japan and first license in East Asia — - Binance has entered Japan by acquiring the locally licensed exchange Sakura Exchange BitCoin (SEBC). — The terms of the deal were not disclosed.| The Intercept: |
Some prominent antifascist organizers and journalists have had Twitter accounts suspended in the past week, after right-wing operatives appealed to Elon Musk — Elon Musk claims to be “fighting for free speech in America” but the social network's new owner appears to be overseeing a purge of left-wing activists from the platform.| Christiana Loureiro / The Block: |
IBM and Maersk plan to shutter their blockchain supply chain service TradeLens, launched in 2018, in Q1 2023; Maersk blames a lack of industry collaboration — - The companies made a viable platform but couldn't get a global collaboration going. — Danish shipping company Maersk and IBM … | Juliana Liu / CNN: |
Chinese state media: a five-day COVID-19 lockdown in Zhengzhou, home to Foxconn's iPhone plant, has been lifted; an analyst says disruptions cost Apple $1B/week — Hong Kong CNN Business — The central Chinese city of Zhengzhou, home to the world's largest iPhone factory … | Nikkei Asia: |
Sources detail Huawei's plans to stealthily build a domestic chip supply chain with partners in Beijing, Wuhan, Qingdao, and Shenzhen, investing over $55.8B — Battered by sanctions, Huawei leads the way in stealthily building a domestic semiconductor supply chain| Josh Horwitz / Reuters: |
Analysis of Apple's supply chain data shows 44% to 47% of suppliers were China-based between 2014 and 2019, dropping to 41% in 2020 and 36% in 2021 — Apple Inc's (AAPL.O) wide exposure to Chinese manufacturing, notable both for its low costs and rising risks, has receded since the COVID-19 pandemic began … | Chance Miller / 9to5Mac: |
| CNBC: |
In a bankruptcy hearing, BlockFi's lawyers say the lender plans to reopen withdrawals, BlockFi lent $671M to Alameda and has $355M frozen on FTX, and more — - BlockFi's first bankruptcy hearing in New Jersey kicked off on Tuesday, with lawyers emphasizing the crypto lender's strong corporate controls and customer prioritization.| Frederic Lardinois / TechCrunch: |
AWS unveils Amazon Security Lake, a service that automatically centralizes an organization's security data from cloud and on-premises sources into a data lake — AWS today announced Amazon Security Lake, a new purpose-built data lake for security-related data.| Woojin Son / Counterpoint Research: |
Global smartwatch shipments increased 30% YoY in Q3 2022, led by India, up 171%; Apple grew 48% YoY, Samsung dropped 2.7% YoY, and Noise grew 218% YoY — - Driven by the basic smartwatch segment, the global smartwatch market grew 30% YoY. — India grew 171% YoY, taking the top spot … | Emily Nicolle / Bloomberg: |
Emboldened by FTX's collapse, the disgraced founders of Terra, Celsius, and Three Arrows Capital have reemerged, offering their thoughts on SBF, FTX, and more — Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. If someone forwarded this to you, sign up here.| Alex Barinka / Bloomberg: |
South Dakota Governor Kristi Noem signs an EO banning TikTok for state agencies, employees, and contractors using state devices over China's “security threat” — TikTok is now banned on government employee devices in South Dakota because the governor believes the social media app's ownership … | Nicholas Sutrich / Android Central: |
A security researcher says Anker's Eufy security cameras sent images to the cloud without user consent and could be accessed without authentication — Allegedly, Eufy cameras aren't as secure as they claim. — What you need to know — Security researcher Paul Moore has discovered several security flaws in Eufy's cameras.
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| Mat Di Salvo / Decrypt: |
| Kristin Majcher / The Block: |
| Ashley Capoot / CNBC: |
| Vishal Chawla / The Block: |