Techmeme
August 4, 2023, 2:30 PM

Top News

Sankalp Phartiyal / Bloomberg:
Apple, Samsung, HP, and others freeze new imports of laptops and tablets to India; sources say India's sudden import license rules caught the industry off-guard  —  - India surprised industry with new import license requirement  — Modi government seeks to promote domestic manufacturing
Manish Singh / TechCrunch:
India delays its import ban on laptops, tablets, servers, and other devices, offering companies a “transition period” of at least one month to obtain licenses  —  India is delaying the implementation of its import limitations on laptops, tablets, and servers …
Emma Roth / The Verge:
Martin Coulter / Reuters:
To comply with the EU's DSA, TikTok plans to let users turn off personalized recommendations in For You, remove targeted ads for users aged 13 to 17, and more  —  Chinese-owned social media platform TikTok has announced a raft of new features for European users aimed at improving compliance with incoming European Union regulations.
Apple:
Apple reports Q3 revenue down 1.4% YoY to $81.8B, declining for a third quarter in a row but largely in line with estimates, and net income up 2.3% to $19.9B  —  Services revenue reaches new all-time high Installed base of active devices sets all-time record
Todd Spangler / Variety:
Stephen Nellis / Reuters:
Aaron Tilley / Wall Street Journal:
CNBC:
Ilya Lichtenstein, who earlier pled guilty to laundering $4.5B in bitcoin stolen via Bitfinex's 2016 hack, admits in court to being the original Bitfinex hacker  —  - A New York man admitted being the original hacker of bitcoin in the 2016 hack on Bitfinex he pleaded guilty in federal court …
Dan Garisto / Nature:
Attempts to replicate a South Korean team's process to create LK-99, a room temperature superconductor that could revolutionize computing, have failed so far  —  You can also search for this author in  —  PubMed Google Scholar  —  A Korean team's claim to have discovered a superconductor …
Yogita Khatri / The Block:
Bobby Allyn / NPR:
Background actors describe studios scanning their bodies and worrying over the lack of control of their digital likenesses, a key issue in the SAG-AFTRA strike  —  After four weeks of working as a background actor on the Disney+ series WandaVision during the pandemic, Alexandria Rubalcaba …
Bloomberg:
Coinbase reports Q2 revenue down 12% YoY to $707.9M, vs. $631.2M est., net loss down 91% YoY to $97M, and transaction revenue down 50% YoY to $327.1M  —  - Trading revenue was less than that from other sources  — Interest income down after USDC stablecoin circulation fell
Amazon:
Amazon reports Q2 revenue up 11% YoY to $134.4B, a $6.7B net income, vs. a $2B net loss in Q2 2022, AWS segment sales up 12% YoY to $22.1B; AMZN jumps 9%+  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2023.
Annie Palmer / CNBC:

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Nupur Anand / Reuters:
Jess Weatherbed / The Verge:
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Arjun Kharpal / CNBC: