Techmeme
September 2, 2024, 11:35 AM

Top News

Mark Gurman / Bloomberg:
A look at Apple's strategy to keep executives who wish to retire; sources: the M4 Mac mini will have five USB-C and no USB-A ports, and an internal power supply  —  Apple's succession strategy has come into focus with the upcoming exit of its chief financial officer.
Faiz Siddiqui / Washington Post:
Fidelity values X at ~72% below Elon Musk's purchase price, meaning Prince Alwaleed bin Talal Al Saud would be down $1.4B and Dorsey and Ellison $720M each  —  Elon Musk bought Twitter with a combination of his own money, bank loans and capital raised from friends and associates.
Reuters:
Source: Pat Gelsinger aims to offer ideas to Intel's board to cut capex spending and more, like halting the $32B chip plant project in Germany or selling Altera  —  Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company's board of directors …
Bloomberg:
OKX says the Monetary Authority of Singapore granted OKX SG a Major Payment Institution license, and appoints former Grab executive Gracie Lin as OKX SG's CEO  —  - CEO Lin to focus on products, seeks MAS nod for adding tokens  —  Crypto exchange OKX named former regulator Gracie Lin as CEO …
New York Times:
Jay Peters / The Verge:
A look at Sub.club, which aims to let users on ActivityPub-based platforms monetize content via subscriptions while taking a 6% cut, available in dev preview  —  The fediverse has the potential to help create enduring and interoperable social networks.  But many creators and businesses rely on bigger …
Daniel Lippman / Politico:
Sources: LobbyMatic, which offers AI tools for lobbying, is covertly run by far-right conspiracy theorists and convicted felons, Jacob Wohl and Jack Burkman  —  Jacob Wohl and Jack Burkman are operating under the pseudonyms Jay Klein and Bill Sanders.  —  A Washington startup pitched …

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