Techmeme
January 27, 2023, 12:10 PM

Top News

Dan Milmo / The Guardian:
Twitter co-founder Biz Stone says Elon Musk “doesn't seem like” the right owner for Twitter and that Musk has reversed morale and content policy improvements  —  Biz Stone, one of quartet who set up company, says positive changes he oversaw have been undone by Tesla chief executive
Stuart A. Thompson / New York Times:
An analysis of hundreds of ads on Truth Social shows diet pills, miracle cures, gun accessories, and Trump-themed trinkets while major brands are nonexistent  —  Truth Social, the social network started by former President Donald J. Trump, has struggled to attract large brands.
Chainalysis:
A look at crypto money laundering in 2022: illicit addresses sent nearly $23.8B, up 68% YoY, four addresses got $1B+ combined, DeFi got record funds, and more  —  The 2023 Crypto Crime Report  —  Money laundering is crucial to all financially motivated crime because it's what enables criminals …
Finbarr Flynn / Bloomberg:
After losing billions on mobile bets, Japanese e-commerce giant Rakuten raised ~$1.9B for mobile and plans to sell stakes of its banking and securities units  —  Japanese e-commerce giant Rakuten Group Inc. sold 250 billion yen ($1.9 billion) of bonds on Friday, giving the company …
Bloomberg:
Sources describe how Twitter Trust and Safety VP Ella Irwin has become the chief executor of Elon Musk's whims, even when they go against established protocols  —  On a day hundreds of Twitter Inc. employees were debating whether to resign, Ella Irwin showed up with a pep talk.
Chavi Mehta / Reuters:
Intel reports Q4 revenue down 32% YoY to $14B, vs. $14.46B est., Data Center and AI down 33% YoY, and Q1 2023 revenue guidance below estimates; stock drops 9%+  —  Chipmaker Intel Corp (INTC.O) forecast first-quarter revenue below Wall Street targets on Thursday, slammed by a worsening PC market …

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Earlier Picks

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