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August 15, 2022, 8:40 AM
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| Lucy Harley-McKeown / The Block: |
Galaxy Digital terminates its $1.2B acquisition of crypto custodian BitGo, announced in May 2021, after the service failed to provide audited statements — - Galaxy Digital announced on Monday that it would terminate its deal with crypto custodian BitGo, which had been announced in May 2021.
Source:
Canada NewsWire Group. More:
TechCrunch, CoinDesk, MarketWatch, and CryptoPotato. Tweets: @arrington
| Mark Gurman / Bloomberg: |
Sources: Apple ads team lead Todd Teresi now reports directly to Eddy Cue and wants to increase the group's ad revenues from $4B per year to double digits — Apple is set to expand ads to new areas of your iPhone and iPad in search of its next big revenue driver.
More:
XDA Developers, MacRumors, Forbes, 9to5Mac, Slashdot, Macworld, Financial Times, The Verge, Android Authority, iPhone Hacks, Appuals.com, SlashGear, Philip Elmer‑DeWitt, Pocket-lint, Digital Trends, AppleInsider, Philip Elmer‑DeWitt, and Wall Street Journal
| Tiffany Hsu / New York Times: |
Ahead of the US midterms, a look at TikTok's ongoing struggles to contain misinformation during elections, such as in Australia, France, and Kenya this year — The fast-growing platform's poor track record during recent voting abroad does not bode well for elections in the U.S., researchers said.
More:
Mozilla Foundation. Tweets: @nytimes, @will_doran, @vmramos, @guingonabart, @terri_rupar, @lolnevertweet, @mattyglesias, and @carnage4life
| David McCabe / New York Times: |
A look at the growing bipartisan scrutiny of TikTok in the US; email: House officials told staff they did not recommend using the app, citing security concerns — National security concerns over the Chinese-owned viral video app remain unresolved. Lawmakers and regulators are increasingly pushing for action.
More:
CSO. Tweets: @nytimes, @julianku, @riegerreport, @amanbatheja, @fryan, @danharris, @pkafka, and @profcarroll
| New York Times: |
a16z invests in Adam Neumann's residential real estate management startup Flow, sources say ~$350M at a $1B+ valuation, the firm's largest-ever individual check — WeWork's founder is back with a billion-dollar venture. — WeWork's founder is going residential
More:
Andreessen Horowitz. Tweets: @tier10k, @econ_marshall, @conorsen, @robinwigg, @eliotwb, @riddle245, @pitdesi, @arpitrage, @nycsouthpaw, @gunjanjs, @buccocapital, @buccocapital, @jordanzakarin, @thomasborgers, @a16z, @mylesudland, @mayazi, @mdudas, @ivanthek, @ldrogen, @mylesudland, and @thestalwart
| Lily Hay Newman / Wired: |
A “jailbreak” for John Deere tractors, helping farmers modify and repair them, highlights issues with securing farm equipment and the right-to-repair debate — A hacker has formulated an exploit that provides root access to two popular models of the company's farm equipment.
More:
Slashdot. Tweets: @dcuthbert, @banditelli, @datnofact, @bnox, @sickcodes, @lukolejnik, and @andrewcouts
| Bobby Kent / GameLuster: |
Court docs in Brazil show Microsoft sold approximately 58.5M Xbox One units in total, or half of the PS4's 117.2M sales; Microsoft has long hidden sales figures — A high-profile case is ongoing in Brazil, as Microsoft attempts to defend its Activision Blizzard acquisition from CADE, the Brazilian competition authority.
More:
The Verge, PCMag, Eurogamer.net, Pure Xbox, Gizchina, TrueAchievements, Gameranx, Stevivor, Game Rant, Thurrott, Appuals.com, GamingBolt, and TheGamer
Tweets: @toadsanime, @tomwarren, @nextgenplayer, and @gossithedog
| Paresh Dave / Reuters: |
Around two years ago, Apple updated its employee conduct policy to prohibit discrimination on the basis of caste, making it a leader on the issue alongside IBM — America's tech giants are taking a modern-day crash course in India's ancient caste system, with Apple (AAPL.O) … | Alex Webb / Bloomberg: |
Meta focusing on Europe makes sense for three reasons: raising ARPU in the region to US levels, facing off regulatory headwinds, and attracting cheaper talent — A sizable chunk of the executive team at Meta Platforms Inc.—Facebook, to you and me—is decamping to London.| Emma Roth / The Verge: |
Uber plans to end its free loyalty program Uber Rewards on November 1, 2022, to focus on its new Uber One membership program for $10 per month or $100 per year — You have until October 31st to spend your leftover Uber Rewards points — Uber is ending its free loyalty program, Uber Rewards …
Source:
Uber Help. More:
Silicon Republic, Waivly, Engadget, TechCrunch, PCMag, The Points Guy, CNET, and AppleInsider
Tweets: @jason, @hunterwalk, @dtemkin, and @carnage4life
| Bloomberg: |
Analysis: Google Maps in the US regularly misleads people looking for abortion providers, instead pointing them towards non-medical crisis pregnancy centers — Chey was a 19-year-old college sophomore living near Orlando, Florida, when she discovered she was pregnant and decided to have an abortion.| Reuters: |
Unity Software rejects AppLovin's $17.54B all-stock takeover offer, saying it would proceed with its deal to acquire ironSource for $4.4B in stock — Unity Software Inc (U.N) on Monday rejected gaming software company AppLovin Corp's (APP.O) $17.54 billion takeover offer and said it would go ahead …
More:
Game Developer and Benzinga
| Wall Street Journal: |
The US' $42.5B broadband budget for underserved areas is withheld until the FCC makes new service maps, which aren't expected by rural providers until late 2023 — The $42 billion broadband plan is slowed by lack of accurate maps showing gaps in service — WASHINGTON—The government's …
More:
Engadget. Tweets: @dschatsky, @marinagavito, @jhludwig, @sbloomfield15, @molson_hart, and @martijnrasser
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