| Sam Schechner / Wall Street Journal: |
Sources: Meta pitched a plan to EU regulators to charge European users a subscription fee to use Facebook and Instagram without ads starting at €10 per month — European users would have option to pay fee or agree to personalized ads, according to company's pitch to regulators| Wall Street Journal: |
US v. Google: Satya Nadella says Google cemented its search dominance via default search deals with Apple and he may have been overenthusiastic about ChatGPT — Satya Nadella says it will take more than ChatGPT to check Google's advantage in internet search — WASHINGTON—Google has used unfair tactics to hobble| Todd Spangler / Variety: |
TikTok confirms the company is running a limited-scale test of an ad-free subscription plan, but only says the market is not the US and does not share the price — TikTok is exploring a new way to make money: The popular video app has kicked off a limited-scale test of a monthly subscription service that eliminates ads.| Bloomberg: |
Investigation: several Taiwanese tech companies are secretly helping Huawei build chip plants in southern China, an unusual collaboration with political risks — - Critics slam Taiwan's government for inadequate China curbs — Taiwan has pledged to keep advanced tech from Chinese military| Molly White: |
A preview of the Sam Bankman-Fried trial, which begins Tuesday with jury selection, the seven charges, key witnesses, the likely legal strategies, and more — Key witnesses and the likely legal strategies about to unfold in the historic case ahead. … Tomorrow, all eyes turn to New York … | David Yaffe-Bellany / New York Times: |
Michael Lewis' new book Going Infinite depicts Sam Bankman-Fried as delusional and criticizes FTX CEO John Ray III's handling of the exchange's bankruptcy — “Going Infinite,” by Michael Lewis, offers a behind-the-scenes account of Mr. Bankman-Fried's rise and fall.| Steven Ehrlich / Forbes: |
Email: Chainalysis lays off ~150 employees, or 15%+ of its workforce, and plans to focus on government contracts; the company cut staff by ~5% in February 2023 — Chainalysis is laying off approximately 150 employees, or slightly more than 15% of its staff of 900, CEO Michael Gronager told employees … | CNBC: |
Documents and sources undermine Flexport founder Ryan Petersen's claims that CEO Dave Clark overspent, overhired, and overpromised before being forced to resign — - Immediately following Dave Clark's abrupt ouster as CEO of Flexport, founder Ryan Petersen said the company was hiring too aggressively and needed to rein in spending.| Tage Kene-Okafor / TechCrunch: |
Cape Town-based Stitch, which enables businesses to build, optimize, and scale financial products using its APIs, raised a $25M Series A extension led by Ribbit — Open banking, in which traditional banks release their data via application programming interfaces (APIs) … | Zack Whittaker / TechCrunch: |
Filing: Virginia-based cybersecurity company IronNet, which was founded in 2014 by a former NSA director and raised $400M+, has shut down and laid off its staff — IronNet, a once-promising cybersecurity startup founded by a former NSA director and funded by cyber and defense investors … | Todd Spangler / Variety: |
Paris Hilton and her company 11:11 Media sign a partnership with X to create four original video content programs per year to promote X's Live Shopping product — Paris Hilton is getting her X on. — The influencer and entrepreneur — who has 16.6 million followers on X … | Josh Ye / Reuters: |
Apple starts requiring a Chinese government license to publish new apps on its China App Store, joining local rivals that adopted the policy since at least 2017 — Apple (AAPL.O) has started requiring new apps to show proof of a Chinese government licence before their release on its China App Store …
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| Ryan Weeks / The Block: |