Techmeme
January 11, 2023, 7:15 AM

Top News

Mark Gurman / Bloomberg:
Sources: Apple plans to design and develop its own displays for mobile devices, starting with microLED screens for the Apple Watch Ultra by the end of 2024  —  Apple Inc. is planning to start using its own custom displays in mobile devices as early as 2024, an effort to reduce its reliance …
Reuters:
The FAA is “working to restore” its Notice to Air Missions system, which has failed, causing mass disruption; FlightAware shows 400+ flights have been delayed  —  The U.S. Federal Aviation Administration's (FAA) system that alerts pilots and other flight personnel about hazards …
Mitchell Clark / The Verge:
Twitter renames Latest Tweets to Following and Home to For You, making the algorithmic feed the default with no option to change it, rolling out on iOS first  —  Twitter is changing how you move between the algorithmically-driven timeline and the reverse chronological one and making the algorithmic feed the default.
Zac Bowden / Windows Central:
Sources: Microsoft ditched a dual-screen design for the Surface Duo 3, opting for an internal foldable screen, an external cover display, and a 180-degree hinge  —  Microsoft's next foldable phone will have an internal foldable display.  —  What you need to know
Makena Kelly / The Verge:
Sources: Parler's parent company laid off ~75% of its staff and most of its chief executives over the past few weeks, leaving the social app with ~20 employees  —  Parlement Technologies, the parent company of “censorship-free” social media platform Parler, has laid off a majority of its staff …
Financial Times:
Court documents: Sam Bankman-Fried invested $20M in Paradigm's $2.5B Paradigm One fund in late 2021, before the fund then invested in FTX and FTX US  —  Court documents shed light on Sam Bankman-Fried's circular transactions  —  Sam Bankman-Fried invested $20mn in a large venture capital fund …
Jeremy Hill / Bloomberg:
Allison Johnson / The Verge:
Samsung sets its next Galaxy Unpacked for February 1 at 10am PT in San Francisco, its first in-person event in three years, likely to unveil the Galaxy S23  —  Mark your calendar: Samsung is hosting its next Galaxy Unpacked on February 1st.  The company is officially confirming a date …
Bloomberg:
Binance admits flaws in maintaining its Paxos-managed BUSD stablecoin, which should be backed 1:1; ChainArgos: BUSD was undercollateralized by $1B+ in 2020-21  —  Binance Holdings Ltd., the biggest cryptocurrency exchange, acknowledged past flaws in the management of its stablecoin's reserves …
Amanda Pedersen / Medical Device + Diagnostic Industry:
A US ITC judge rules that some Apple Watches infringe on one of five Masimo pulse oximeter patents related to using light sensors to measure blood oxygen levels  —  An International Trade Commission judge ruled that Apple infringed on one of five Masimo patents related to using light sensors …
Taylor Hatmaker / TechCrunch:
Meta plans to further limit ad targeting users under 18 starting in February 2023, including removing the options to target based on gender and in-app activity  —  Meta is making some changes to how its apps handle advertising and young users.  Under the new rules, advertisers on Instagram …
Jai Vijayan / Dark Reading:
Microsoft releases 98 security fixes, patching 11 critical vulnerabilities and an actively exploited privilege escalation zero-day flaw in Windows ALPC  —  Microsoft's January 2023 Patch Tuesday security update contains fixes for bugs in multiple products.  Here's what you need to patch now.
Steven Church / Bloomberg:
A US bankruptcy judge approves Voyager's plan to sell its crypto platform to Binance.US for $20M, overruling objections from federal regulators and some states  —  Voyager Digital Ltd. won court approval to sell its crypto platform to Binance.US for $20 million as part of Voyager's plan to liquidate in bankruptcy.
Olga Kharif / Bloomberg:
Cameron Winklevoss demands that DCG's board remove CEO Barry Silbert and alleges he and Genesis lied publicly, after his January 8 resolution deadline passed  —  Gemini crypto exchange co-founder Cameron Winklevoss called for the board of Digital Currency Group to remove Barry Silbert …
Chance Miller / 9to5Mac:
Apple SVP of Services Eddy Cue says App Store developers have made $320B+ since 2008 and lists 900M paid subscriptions, 200+ Arcade games, 70B Shazams, and more  —  Eddy Cue, Apple's senior vice president of services, has penned an open letter celebrating what he calls a “groundbreaking year for entertainment.”
Javier Espinoza / Financial Times:
How Section 19a of Germany's Competition Act gives antitrust authorities the power to divest and sanction Big Tech, as the EU slowly rolls out its enforcement  —  While EU regulators slowly roll out their own enforcement mechanism, Berlin is already holding gatekeepers to account
Nilay Patel / The Verge:
Cory Doctorow and law professor Rebecca Giblin on their new book, Chokepoint Capitalism, and how tech platforms monetize creators via distribution bottlenecks  —  It's a book about artists and technology and platforms and how different kinds of distribution and creation tools create chokepoints …

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Earlier Picks

Ivan Mehta / TechCrunch:
Bob Van Voris / Bloomberg:
Kate Rooney / CNBC: