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October 5, 2023, 2:00 PM
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memeorandum
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| 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 …
More: Bloomberg, CNN, MarketWatch, The Messenger, Gizmodo, TechCrunch, Neowin, and The Information
Mastodon: @LALegault@newsie.social, @dangillmor@mastodon.social, and @tchambers@indieweb.social. X: @tomgara
Forums: r/elonmusk, r/neutralnews, r/RealTesla, and r/EnoughMuskSpam
| 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
More: Reuters and The Messenger
Threads: @datadrivenmd. Bluesky: @drewharwell.com. X: @ericlevitz, @dougjballoon, @fortunemagazine, @breakingviews, @williamlegate, @fortunemagazine, @mathieuvonrohr, and @karaswisher
| Tom Warren / The Verge: |
The CMA announces an investigation into public cloud providers in the UK, following a referral from Ofcom, and says the probe will conclude by April 2025 — The clouds are gathering over Microsoft's Azure operations in the EU and now the UK, with the launch of a new investigation …
More: GOV.UK, Ofcom, Thurrott, TechCrunch, Network World, Gizmodo, The Messenger, The Information, DatacenterDynamics, BetaNews, The Register, The Guardian, Neowin, Fortune, CNN, WinBuzzer, Android Headlines, TNW, Tech Monitor, OnMSFT.com, Sky News, Eurogamer.net, Broadband TV News, Silicon Republic, UKTN, and Tech in Asia
X: @mark_wharrier, @wavesblog, @tomwarren, @maxvonthun, @cmagovuk, and @mikarv
LinkedIn: Gary Shewan and Simon Bollans
| Ryan Browne / CNBC: |
The Ofcom finds that “hyperscalers” like AWS and Microsoft Azure are limiting competition in 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.
More: Ofcom, BBC, Engadget, Reuters, LinkedIn, ITPro, ComputerWeekly.com, diginomica, Financial Times, Metaverse Post, Nelson Advisors Blog, and TechRadar
X: @ofcom, @arjunkharpal, @ryan_browne_, @tboormantony, and @ofcom
| Leah Nylen / Bloomberg: |
US v. Google: in 2018 and 2019, DuckDuckGo discussed becoming Safari's default search engine for private mode, but Apple's John Giannandrea rejected the idea — - DuckDuckGo spoke with Apple about 20 times on possible change — Apple exec testified he viewed it as ‘probably a bad idea’
More: Washington Post, HotHardware, The Verge, The Messenger, Digital Trends, The Hindu, South China Morning Post, Search Engine Journal, Benzinga, Times of India, BW Businessworld, MacDailyNews, Business Outreach, Android Headlines, Outlook Business, iMore, MacRumors, Firstpost, Ghacks, 9to5Mac, BGR, Techgenyz, YourStory.com, Livemint, PhoneArena, Business Today, AppleInsider, OnMSFT.com, and Reuters
X: @jason_kint, @newsynick, @adamkovac, @bigtechontrial, @hillitech, and @leah_nylen
| Tom Warren / The Verge: |
Microsoft rolls out a new version of Microsoft Teams, in preview since March 2023, rebuilt from the ground up to be less resource-hungry on Windows and macOS — Microsoft is rolling out a new and improved version of its Microsoft Teams chat client today.| 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
More: The Block, Gizmodo, New York Post, CryptoSlate, The Daily Beast, NPR, PYMNTS.com, CryptoPotato, Cryptonews, CoinDesk, CoinDesk, DL News, crypto.news, and Cryptopolitan
X: @aosipovich, @jgreco, and @silvermanjacob
| Bryant Francis / Game Developer: |
Epic Games plans an Unreal Engine per-seat licensing fee for non-gaming sectors like film and TV; Tim Sweeney says “financial problems” hit Epic ~10 weeks ago — A week after laying off almost 900 employees, Epic Games announced that it's increasing the price to use Unreal Engine … | Sam Reynolds / CoinDesk: |
The Hong Kong Stock Exchange announces Synapse to help execute post-trade processes and reduce settlement risk using smart contracts, launching on October 9 — HKEX says the system, used by traders in Hong Kong to buy stocks in China, will speed up settlement and provide greater transparency.
More: Mondo Visione, Crypto Daily, crypto.news, Cryptonews, Blockworks, CryptoGlobe, and Cointelegraph
| 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.
More: About Amazon, Silicon Republic, New Scientist, Bloomberg, BigTechWire, United Launch Alliance on YouTube, Engadget, San Francisco Business Journal, and The Verge
LinkedIn: Amy Miller and Project Kuiper
| 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.| Elizabeth Lopatto / The Verge: |
In its opening statement, SBF's defense said FTX was a futures exchange that “didn't have a chief risk officer, which became an issue” when the crypto crash hit — The prosecution came out swinging. Oddly, Bankman-Fried's defense didn't.| 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
More: Metacurity, Reuters, Euronews, Channel NewsAsia, The Record, Fortune, and Tech in Asia
| Jamie Crawley / CoinDesk: |
Messari: funding to crypto companies fell to ~$2.1B in Q3 2023, across 297 deals, the lowest since Q4 2020, after a peak of ~$17.5B across 900+ deals in Q1 2022 — The amount raised by crypto firms in Q3 fell to just under $2.1 billion, across 297 deals, the lowest on both counts since Q4 2020
More: Crypto Daily, Cointelegraph, Watcher Guru, and Forkast
Forums: r/Buttcoin and r/CryptoCurrency
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