Tether reports a $850M net profit in Q2, vs. $1.5B in Q1, with ~$3.3B in excess reserves, up from $2.44B in Q1, and $86.5B+ in total assets as of June 30 — - In its latest attestation report, Tether said it had a net profit of $850 million in the second quarter.
Twitter/X threatens to sue Center for Countering Digital Hate, alleging the nonprofit made “troubling and baseless claims” to hurt Twitter and its ad business — The Center for Countering Digital Hate said it had received a letter from X, Twitter's parent company …
Italy's AGCM says it accepted Google's proposed commitments to end a case over the company's alleged abuse of its position in the user data portability market — - Regulator probed Google over alleged abuse of its position — Company pledged to update backup service, to launch new tool
Customs data shows China's chip imports fell 22% YoY during H1 2023 and chipmaking equipment imports fell 23% YoY, suggesting US export restrictions are working — Washington's restrictions on sale of advanced technology to Beijing appear to be working—for now
Source: Shenzhen-based Luxshare has won favor and increased business with Apple by being prepared to test “crazy” ideas and is the sole maker of the Vision Pro — Chinese contract manufacturer is sole assembler of Vision Pro mixed-reality headset
A look at nine under-the-radar lobbying firms helping influence US crypto legislation in 2023 on behalf of Binance, Crypto.com, Coinbase, and others — - Crypto companies are looking for a seat at the table in Washington as scrutiny on the industry intensifies this year.
An in-depth look at a January strike at Amazon's BHX4 Coventry warehouse, a carefully planned and legal effort, the likes of which Amazon UK had never faced — When staff in Coventry downed tools, they kickstarted a David v Goliath battle against one of the most powerful companies on Earth.
Study: just 2% of Spotify “super listeners” drive over 18% of monthly streams on average for an artist, with the number rising to 30% for the biggest artists — MBW's Stat Of The Week is a series in which we highlight a data point that deserves the attention of the global music industry.
A deep dive into Apple's plans for the new iPhones and Watches coming this fall, including iPhone 15 Pro with 1.5mm bezels, a step towards a borderless iPhone — Apple is just weeks away from introducing the iPhone 15 and next-generation watches. The new lineup will mark another stepping stone toward …
A look at C2PA, a standard that relies on cryptography to encode provenance information of media content, started by Adobe, Arm, Intel, Microsoft, and Truepic — An internet protocol called C2PA adds a “nutrition label” to images, video, and audio. — The White House wants big AI companies …
An interview with Yael Tauman Kalai, a Microsoft cryptographer who won the 2022 ACM Prize in Computing, on cryptography, “post-quantum” security, and more — Yael Tauman Kalai's breakthroughs secure the digital world, from cloud computing to our quantum future.
Sources: the Biden admin is looking for malware it believes China hid inside critical infrastructure, mainly aimed to disrupt the military if a conflict emerges — American intelligence officials believe the malware could give China the power to disrupt or slow American deployments or resupply operations …
A profile of Mike Masnick, who founded Techdirt in 1998, considered by lawmakers, CEOs, and activists as an essential guide for what's happening in tech — Mike Masnick, who founded Techdirt in 1998, writes for an influential audience of lawmakers, C.E.O.s and activists.
Adam Mosseri and current and former employees recount how Threads came to life with a small team focused on shipping a bare-bones app on a breakneck schedule — A company in crisis went back to basics to deliver a viral hit. But can Adam Mosseri's bare-bones Twitter clone reinvigorate an aging tech giant?
An investigation citing hundreds of Turkish people claims Android's earthquake warning system failed to send alerts for the 7.8-magnitude quake on February 8 — James Clayton and Ben Derico in San Francisco & Anna Foster in Turkey — Google's earthquake warning system failed …
A look at Indian nonprofit Karya, which sells AI training data and redirects all the profit to its workers, who retain ownership of the data they create — In the shade of a coconut palm, Chandrika tilts her smartphone screen to avoid the sun's glare. It is early morning in Alahalli village …
AMD plans to invest $400M and create 3,000 new engineering roles in India by 2028 and to build its largest design center in Bengaluru by the end of 2023 — U.S. chipmaker Advanced Micro Devices (AMD.O) said on Friday it will invest around $400 million in India over the next five years …
Apple plans to require developers to submit reasons to use certain APIs in their apps starting this fall, to prevent the misuse of those APIs for fingerprinting — The App Store review process is very strict to ensure that apps comply with Apple's guidelines. And soon, this whole process will get even stricter.
The SEC's Paul Munter warns that the accounting firms working with crypto companies could be held liable for misleading public statements made by their clients — - The SEC's chief accountant issued a warning to accounting firms that work with crypto clients, saying auditors …
Source: about 10 years ago, Tesla rigged the dashboard to overstate battery range; in 2022, Tesla created a “Diversion Team” to suppress thousands of complaints — About a decade ago, Tesla rigged the dashboard readouts in its electric cars to provide “rosy” …
Indian political parties court big and small social media influencers ahead of the 2024 elections, offering to pay for political messages with no disclosures — As the campaign for the 2024 elections in India goes digital, social media influencers have become a powerful tool to try and shape voter behavior.
Slack experienced an “outage across the app” starting around 5AM ET for about an hour, including issues with sending messages and search — Slack, the workplace chat app, experienced an outage this morning, with messages failing to send on the service.
Franco-Italian chipmaker STMicro reports Q2 revenue up 13% YoY to $4.33B, beating estimates of $4.29B, and inventory rose to 126 days, up from 104 in Q2 2022 — - Revenue revenue rose 13% to $4.33 billion in second quarter — Inventory rose to 126 days at the end of the quarter
Evan Blass leaks over a dozen official images from Samsung Unpacked, showing the Galaxy Z Fold 5, Z Flip 5, new Galaxy Watch 6, Galaxy Tab S9 tablets, and more — All we need to know at this stage is pricing and availability details. — • — TL;DR
Netflix rolls out a My Netflix tab on iOS, superseding the Downloads tab to offer downloads, watch lists, reminders, and more; Android gets My Netflix in August — Netflix has rolled out a new feature designed to — what else? — get you to stream as much as possible on the service.
Bloomberg : Google says it plans to counter Japan's FTC over claims that it hobbles rivals in search; a source says Japan's FTC s...
