Techmeme
October 5, 2023, 4:35 PM

Top News

Sheila Dang / Reuters:
Analytics firm Guideline: X's monthly US ad revenue has declined 55%+ YoY in each of the 10 months after Elon Musk's October 2022 takeover through August 2023  —  Monthly U.S. ad revenue at social media platform X has declined at least 55% year-over-year each month since billionaire Elon Musk bought …
Shawn Tully / Fortune:
How interest rates and X's weak performance, which prevented banks from unloading their debt, gave Elon Musk the upper hand before X CEO's meeting with banks  —  Elon Musk may hold the upper hand when negotiating with the banks that financed his Twitter bid.  —  LEAH MILLIS—REUTERS
Tom Warren / The Verge:
The CMA opens an investigation into public cloud providers AWS and Azure in the UK, after a referral from Ofcom, and sets a statutory deadline for April 4, 2025  —  The clouds are gathering over Microsoft's Azure operations in the EU and now the UK, with the launch of a new investigation …
Ryan Browne / CNBC:
Ofcom finds that “hyperscalers” like AWS and Microsoft Azure are limiting competition in the UK's cloud market by making it difficult for businesses to switch  —  - Ofcom is concerned that so-called “hyperscalers” like Amazon Web Services and Microsoft Azure are limiting competition in the cloud computing market.
Tom Warren / The Verge:
Leah Nylen / Bloomberg:
US v. Google: in 2018 and 2019, Apple and DuckDuckGo talked changing Safari private mode's default search engine; an Apple exec said it's “probably a bad idea”  —  - DuckDuckGo spoke with Apple about 20 times on possible change  — Apple exec testified he viewed it as ‘probably a bad idea’
Ben Schoon / 9to5Google:
Samsung unveils the Galaxy SmartTag 2, with a revamped design, Bluetooth, UWB, and still compatible only with Samsung devices, available on October 10 for $30  —  As the smart tracker market waits for Google to shake things up on the Android side of things, Samsung has today unveiled the Galaxy SmartTag 2 …
Wall Street Journal:
Sources: some US FTX staff found and internally reported Alameda's backdoor used to allegedly withdraw billions in client funds, months before FTX's collapse  —  The crypto exchange allowed Alameda to have a negative balance of up to $65 billion, prosecutors say
George Dvorsky / Gizmodo:
Amazon's Project Kuiper plans to launch its first demo internet satellites, KuiperSat-1 and KuiperSat-2, on October 6 for its 3,236-satellite megaconstellation  —  Jeff Bezos's space venture, Project Kuiper, is set for a Friday launch, aiming to challenge Elon Musk's Starlink in the satellite internet arena.
Sebastiaan de With / Lux:
In-depth iPhone 15 Pro Max camera review: native 24MP capture and 5x lens represent one of the biggest camera upgrades in iPhone's history for everyday users  —  Sebastiaan de With reviews the latest telephoto-equipped camera out of Cupertino in our annual iPhone 15 Pro Max camera review.
Financial Times:
Belgium's intelligence service has been monitoring Alibaba's logistics hub in Europe at Liège's cargo airport to detect “possible espionage” by Chinese entities  —  Belgian security service says Chinese group's logistics arm in Liège under scrutiny over use of sensitive data

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