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January 7, 2023, 2:05 AM
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Top News

Mitchell Clark / The Verge:
Kuo: Apple canceled its fourth gen iPhone SE, in which it planned to debut its own 5G modem; the cancelation could be due to poor sales of mid-to-low-end phones  —  On Friday, Kuo wrote in a blog post that Apple had canceled production and shipment plans for the phone after his prediction …
Eric Slivka / MacRumors:
Kuo: due to development issues, Apple is “more likely” to debut its mixed-reality headset in the spring or at WWDC 2023, not January as previously predicted
Parmy Olson / Bloomberg:
Irish DPC's €390M Meta fine, issued at the behest of the European Data Protection Board, fits with the EU's plan to crack down on Big Tech in the next two years  —  Meta Platforms Inc. is used to batting away the occasional fine from European regulators as a cost of doing business.
Wired:
Some Twitter staff in the US and other countries laid off by Elon Musk in November say they have not received information about the severance they were promised  —  Staff laid off by Elon Musk were assured they would be compensated following mass cuts.  As the deadline passes, the silence has been deafening.
Jennifer Maas / Variety:
Roku reports ending 2022 with more than 70M accounts globally, up 16.5% from the end of 2021, and says streaming hours grew 19% YoY to 87.4B in 2022  —  The customer total was up 16.5% from the end of 2021, when Roku totaled 60.1 million global accounts.  —  Per Roku, streaming hours reached …
Bloomberg:
Sources: the SEC and EDNY are scrutinizing transfers between DCG and the lending arm of its subsidiary Genesis; the probes have not accused DCG of wrongdoing  —  US authorities are digging into the internal financial dealings of Barry Silbert's expansive crypto empire, according to people familiar with the matter.
Cheyenne Ligon / CoinDesk:
An Ohio man pleads guilty to stealing 712+ bitcoins seized by the IRS in a case against his brother, who was convicted of running money laundering service Helix  —  Gary Harmon, brother of Helix CEO Larry Harmon, stole his brother's forfeited crypto right out from under the IRS's nose, and spent it extravagantly.
Thomas Brewster / Forbes:
Researchers: cybercriminals have started using ChatGPT to create hacking tools and AI-generated malware code, and are testing the tool for dating scam chatbots  —  Users of underground forums start sharing malware coded by OpenAI's viral sensation and dating scammers are planning on creating convincing fake girls with the tool.
Sam Sutton / Politico:
The SEC is working on a rule, which could be finalized this quarter, to make it easier for investors to sue VCs for bad behavior, negligence, and recklessness  —  After being battered by rising interest rates and choppy markets, the venture capital industry is sweating new regulations that could expose fund managers to legal risks.

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From Mediagazer

Brian Stelter / CNN:
After Trump won, US journalists question what a “red wave” election says about the information environment and the media's credibility, influence, and audience

Dade Hayes / Deadline:
In an earnings call, David Zaslav says the Trump Administration may be more merger friendly, enabling a “real positive and accelerated impact on this industry”

Austin Fuller / Current:
How public media newsrooms in Nevada, Wyoming, Colorado, and Oklahoma are enhancing their statehouse journalism with funding from CPB

More News

Carly Page / TechCrunch:
Rackspace plans to discontinue its Exchange service after confirming hackers accessed 27 customers' personal data during the December 2022 ransomware attack
Reuters:
Huobi plans to lay off ~20% of its 1,100 staff, citing the “bear market”; CoinGecko: Huobi was the eighth largest crypto exchange by volume in November 2022

Earlier Picks

CNBC:
Samsung estimates that its Q4 operating profit fell by 69% YoY to ~$3.37B, an eight-year low, citing a greater-than-expected decline in memory chip demand
Ana Paula Pereira / Cointelegraph:
Three Arrows Capital liquidators subpoena founders Zhu Su and Kyle Davies, who have resisted cooperation, via Twitter, seeking documents on the fund's collapse
Mitchell Clark / The Verge:
Qualcomm unveils Snapdragon Satellite, which lets phones with a Gen 2 SoC and an X70 modem text off the grid via Iridium's satellite network, coming in H2 2023
Matt Burgess / Wired:
WhatsApp launches proxy support globally, letting users with blocked or disrupted connections use the app via servers set up by volunteers and organizations
Wall Street Journal:
New York AG Letitia James files a civil lawsuit against Celsius co-founder Alex Mashinsky, alleging he defrauded investors out of billions via false statements
Jules Roscoe / VICE:
The FTC proposes a rule banning non-compete clauses, saying the contracts harm healthy competition in the labor and product markets and block entrepreneurship
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