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t.co
Filings: TikTok's European business reports $990M revenue in 2021, up from $172M in 2020, and a $896M loss due to increased spending on its 4,396 staff
(
t.co
)
2022-10-3
Europe
UK-based blockchain gaming startup Improbable, which raised $500M from SoftBank in 2017, is close to raising £100M at a £3B+ valuation, up from £2.5B in 2018
(
t.co
)
2022-10-3
Blockchain
Startup
Sources: Celsius founder Alex Mashinsky withdrew $10M from the crypto lender weeks before freezing customer accounts; one source says $8M was used to pay taxes
(
t.co
)
2022-10-3
Tax
Sources: TikTok plans to launch live shopping in the US in partnership with TalkShopLive; TikTok's in-house e-commerce trial in the UK struggled to take off
(
t.co
)
2022-10-2
An investigation details China's crackdown on executives at its $47B Big Fund for semiconductor self-sufficiency, including 12+ disappearances and detentions
(
t.co
)
2022-9-29
China
WhatsApp's Will Cathcart warns the UK government against undermining encryption in the Online Safety Bill, arguing the move would embolden authoritarian regimes
(
t.co
)
2022-9-28
WhatsApp
In a hearing, Twitter says Elon Musk's consultants estimated spam at 5%-11% of users and Musk failed to provide Signal messages, including with Marc Andreessen
(
t.co
)
2022-9-28
Twitter
Elon Musk
A look at South Korea's Zepeto, owned by Naver and considered one of Asia's largest metaverse platforms with 15M-20M MAUs, as it plans a global expansion
(
t.co
)
2022-9-27
Korea
Asia
South Korea's science minister says a “sense of crisis” has gripped the country's chip industry, as new legislation aims to boost its global competitiveness
(
t.co
)
2022-9-27
Korea
Counterpoint: the average selling price of iPhones could rise to $892 in Q3 and $944 in Q4, as buyers choose Pro models; the current record is $873 from Q4 2021
(
t.co
)
2022-9-26
4Q
Nick Clegg says Meta could lift its ban on Donald Trump's accounts in January 2023, when the current suspension expires, after it consults with experts
(
t.co
)
2022-9-22
Trump
Ban
The SEC fines Morgan Stanley $35M for an “astonishing” failure that exposed 15M customers' data over five years by auctioning off machines containing the data
(
t.co
)
2022-9-20
Morgan Stanley
Marketplace Pulse: funding for startups that acquire and grow third-party Amazon sellers drops to $2B+ in 2022 so far, down from $12B+ in 2021
(
t.co
)
2022-9-20
Amazon
Startup
The UK's Financial Conduct Authority warns consumers against FTX, saying the exchange is not authorized, following a similar warning about Binance in 2021
(
t.co
)
2022-9-19
South Korean prosecutors ask Interpol to issue a red notice for Do Kwon and the government to revoke his passport; Kwon denies being “on the run”
(
t.co
)
2022-9-19
Korea
Despite a talent shortage, startups in the Chinese chip sector are cutting back on hiring plans due to the deteriorating macro environment and a funding crunch
(
t.co
)
2022-9-18
China
Startup
Sources: BeReal is exploring adding paid features to avoid advertising; the app now has 15M DAUs, up from 10K in March 2021, and is now valued at ~$600M
(
t.co
)
2022-9-17
Sources: UK's new PM Liz Truss is planning a last-ditch bid to persuade SoftBank to list Arm in London, pushing for talks after the Queen's mourning period
(
t.co
)
2022-9-16
London
Experts say Peiter Zatko's Senate testimony on Twitter is unlikely to have a big impact on Elon Musk's legal battle to terminate his $44B takeover deal
(
t.co
)
2022-9-15
Twitter
Elon Musk
Senate
Sources: the UK's CMA and EU are expected to launch in-depth investigations into Microsoft's $75B Activision Blizzard bid due to size and competition concerns
(
t.co
)
2022-9-15
Microsoft
Sources: the Newport Wafer Fab's prior owner is orchestrating a bid to buy back the company, as the UK plans to tell Chinese-owned Nexperia to reduce its stake
(
t.co
)
2022-9-14
China
Fears of Chinese retaliation and regional tensions are hampering US efforts to rally South Korea, Japan, and Taiwan behind the “Chip 4” semiconductor alliance
(
t.co
)
2022-9-13
China
Japan
Korea
Taiwan
Wall Street firms are gaining ground in the talent war as hiring freezes impact Silicon Valley and computer engineers move from big tech and crypto to finance
(
t.co
)
2022-9-12
Wall Street
Citing national security risks, GOP lawmakers warn Apple against procuring memory chips for iPhones from China's YMTC; Apple says it's evaluating usage in China
(
t.co
)
2022-9-9
China
Apple
Republican
Used car marketplace Cazoo plans to wind down European operations and focus on the UK, cutting 750 jobs; Cazoo expects the move to save £100M by the end of 2023
(
t.co
)
2022-9-9
Europe
Draft EU legislation, set to be unveiled next week, mandates IoT product makers to meet cybersecurity rules or face heavy fines of €15M or 2.5% of turnover
(
t.co
)
2022-9-8
IoT
UK Prime Minister Liz Truss confirms she wants to dilute the draft Online Safety Bill, focusing on protecting minors while making sure free speech is allowed
(
t.co
)
2022-9-8
A look at the crypto real estate market, as a growing pool of investors seek safer assets, and its challenges, such as money laundering and gyrating valuations
(
t.co
)
2022-9-6
Asset
Apple appears to be expanding its ad platform team, currently around 250 strong, per LinkedIn; Apple's career page lists 216 roles, up from 56 in late 2020
(
t.co
)
2022-9-5
LinkedIn
Apple
Career
A look at India's $10B incentive scheme for chip makers, as some experts warn about its lack of hardware expertise and erratic transport and public utilities
(
t.co
)
2022-9-4
India
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