| Mark Gurman / Bloomberg: |
A look at Apple's strategy to keep execs, who wish to retire, around longer; sources: M4 Mac mini will have 5 USB-C ports, internal power supply, and no USB-A — Apple's succession strategy has come into focus with the upcoming exit of its chief financial officer.| Faiz Siddiqui / Washington Post: |
Fidelity's latest valuation of X, 72% lower than when Musk took over, would mean top investor Prince Alwaleed bin Talal al Saud is down $1.4B and Ellison $720M — Elon Musk bought Twitter with a combination of his own money, bank loans and capital raised from friends and associates.| Reuters: |
Sources: Pat Gelsinger aims to present Intel's board ideas to cut capex spending and more, like halting the $32B chip plant project in Germany or selling Altera — Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company's board of directors … | Bloomberg: |
OKX says OKX SG received a Major Payment Institution license from the Monetary Authority of Singapore, and appoints former Grab exec Gracie Lin as OKX SG CEO — - CEO Lin to focus on products, seeks MAS nod for adding tokens — Crypto exchange OKX named former regulator Gracie Lin as CEO … | Bloomberg: |
Sources: China has threatened Japan of severe economic retaliation if Japan further restricts sales and servicing of chipmaking equipment to Chinese firms — - One concern is Toyota could lose access to critical minerals — Biden is pressuring Japan to align with possible new US rules| Jay Peters / The Verge: |
A look at Sub.club, which aims to let users on ActivityPub-based platforms monetize content via subscriptions while taking a 6% cut, available in dev preview — The fediverse has the potential to help create enduring and interoperable social networks. But many creators and businesses rely on bigger … | Wall Street Journal: |
Apple and Meta fight over who should determine user's age in teen social media use bills; Apple lobbied Louisiana to kill a device level age check requirement — Earlier this year, freshman Louisiana legislator Kim Carver got a close look at Apple's AAPL -0.34%decrease; red down pointing triangle formidable lobbying machine.| Daniel Lippman / Politico: |
Sources: LobbyMatic, which offers AI tools for lobbying, is covertly run by far-right conspiracy theorists and convicted felons, including Jacob Wohl — Jacob Wohl and Jack Burkman are operating under the pseudonyms Jay Klein and Bill Sanders. — A Washington startup pitched as a service … | Wall Street Journal: |
Netflix is trying to improve dubbing and translations of non-English content, particularly South Korean reality TV shows, to drive international viewership — Using South Korea as a testing ground, the streaming giant offers culture classes to voice actors to nail the nuances of translation| Kenza Bryan / Financial Times: |
A look at Amazon's and Bezos Earth Fund's growing influence on the carbon credit market, as experts worry about how Big Tech aims to achieve tough climate goals — Experts warn of ties between Big Tech and philanthropic bodies with groups that set corporate climate standards| New York Times: |
Bluesky reports a record spike in usage as many X users in Brazil move to Bluesky and Threads; Brazil is X's fifth-largest international market, with 20M+ users — The platform went dark across Brazil on Saturday, sending online commentators to new digital town squares.| New York Times: |
| Nick Burns / Americas Quarterly: |
| Aanu Adeoye / Financial Times: |
A US court ordered Dozy Mmobuosi, founder of Tingo, which sells phones to African farmers, to pay $250M+ in fines after SEC said he inflated financial records — Decision against Dozy Mmobuosi by US court comes after civil complaint by SEC against his Nasdaq-listed companies| Chien Mi Wong / Bloomberg: |
Sources: ByteDance is tapping banks, including Citigroup and JPMorgan, for a $9.5B loan, the biggest dollar-denominated corporate loan in Asia excluding Japan — - Loan carries greenshoe option that allows size to increase — Citigroup, Goldman Sachs, JPMorgan are the loan coordinators
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| Wall Street Journal: |
| Mishaal Rahman / Android Authority: |