Techmeme
December 30, 2022, 7:15 AM

Top News

New York Times:
Sources detail Elon Musk's Twitter cost-cutting measures, including closing a data center, reducing training for new staff, and canceling janitorial services  —  Elon Musk has reduced the company to a bare-bones operation, and employees are under a “zero-based budgeting” mandate to justify any spending.
Taylor Soper / GeekWire:
Twitter is reportedly closing its Seattle office, the company's second-largest engineering hub outside of San Francisco, and asking employees to work from home  —  Twitter is reportedly facing eviction at its Seattle office and is asking employees to work from home as the social media giant looks to cut costs under new owner Elon Musk.
Kate Conger / New York Times:
Reuters:
Bahamas' Securities Commission says it is holding FTX assets worth $3.5B on a temporary basis and plans to deliver them to customers and creditors who own them  —  The Securities Commission of the Bahamas said on Thursday that it is holding FTX assets worth $3.5 billion based on market pricing …
Chris Vallance / BBC:
After a hacker demanded $200K to delete data on 400M+ Twitter accounts, Ireland's DPC plans to investigate the “security issue”; Twitter hasn't issued a comment  —  A watchdog is to investigate Twitter after a hacker claimed to have private details linked to more than 400 million accounts.
Sam Kessler / CoinDesk:
Sam Kessler / CoinDesk:
Russell Jacobs / Slate:
An obituary for Dark Sky, which changed how people consume weather forecasts but is disparaged by scientists, as Apple plans to kill the iOS app on January 1  —  At the end of this year, Dark Sky—the popular, sleek, sometimes accurate weather app—will go dark, its various components ambiguously incorporated …
Yang Jie / Wall Street Journal:
Analysts and sources detail improving iPhone output in China despite COVID-19 issues; Foxconn's main Zhengzhou iPhone facility is now operating at ~70% capacity  —  Main Foxconn facility recovers to about 70% of capacity and wait times for iPhone Pro models shorten
Chris Miller / The Atlantic:
Cameron Faulkner / The Verge:
New York Governor Kathy Hochul signs the Digital Fair Repair Act, set to take effect on July 1, 2023, with amendments giving OEMs some exceptions and loopholes  —  New York governor Kathy Hochul signed the Digital Fair Repair Act on December 28th, 2022, and the law will go into effect on July 1st …
Reuters:
Canada's competition tribunal approves Rogers' $14.77B bid to acquire Shaw, saying the deal is “not likely to prevent or lessen competition substantially”  —  Canada's competition tribunal approved on Thursday Rogers Communications Inc's (RCIb.TO) C$20 billion ($14.77 billion) …
More: Bloomberg

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Earlier Picks

Pratigya Yadav / Business Standard:
Hannah Miller / Bloomberg: