Analysis: Tencent and Alibaba, whose stocks have dropped 60% and 65% respectively since February 2021, have lost more market value than any other stock globally (Jeanny Yu/Bloomberg)

Jeanny Yu / Bloomberg:
Analysis: Tencent and Alibaba, whose stocks have dropped 60% and 65% respectively since February 2021, have lost more market value than any other stock globally  —  Just 18 months ago, Tencent Holdings Ltd. was on the cusp of becoming Asia's second trillion-dollar company …

Source: China has blocked Tencent-backed health platform DXY from posting on Weibo, WeChat, and Douyin amid its criticism of China's efforts to fight COVID-19 (Cissy Zhou/Nikkei Asia)

Cissy Zhou / Nikkei Asia:
Source: China has blocked Tencent-backed health platform DXY from posting on Weibo, WeChat, and Douyin amid its criticism of China's efforts to fight COVID-19  —  Dingxiang Yuan posted articles debunking use of traditional medicine for virus  —  HONG KONG — China has suspended …

A look at Sam Bankman-Fried's US lobbying, seeking to make CFTC, not SEC, oversee crypto markets and change how commodity futures markets operate in the US (Freddy Brewster/Los Angeles Times)

Freddy Brewster / Los Angeles Times:
A look at Sam Bankman-Fried's US lobbying, seeking to make CFTC, not SEC, oversee crypto markets and change how commodity futures markets operate in the US  —  In May, an eccentric 30-year-old cryptocurrency billionaire named Sam Bankman-Fried made a startling proclamation.

Experts say Coinbase's decision to stop emailed price alerts during 2022's crypto crash likely contributed to retail investor losses and was potentially illegal (Ali Breland/Mother Jones)

Ali Breland / Mother Jones:
Experts say Coinbase's decision to stop emailed price alerts during 2022's crypto crash likely contributed to retail investor losses and was potentially illegal  —  Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.

Zoom vulnerability can give attackers root access to macOS: Report

A security researcher has found a way that an attacker could leverage the macOS version of Zoom to gain access over the entire operating system. https://ift.tt/LCx8s4P

Researcher hacks Elon Musk's Starlink internet system with homemade device: Report

A cyber-security researcher has hacked the Elon Musk-run Starlink satellite-based internet system by using a $25 homemade device. https://ift.tt/hTrGq3n

Stable Diffusion, a DALL-E 2-like system now available to 1K+ researchers, is raising tricky ethical questions by allowing depictions of public figures and more (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch:
Stable Diffusion, a DALL-E 2-like system now available to 1K+ researchers, is raising tricky ethical questions by allowing depictions of public figures and more  —  DALL-E 2, OpenAI's powerful text-to-image AI system, can create photos in the style of cartoonists, 19th century daguerreotypists, stop-motion animators and more.

Google is reportedly warning employees about layoffs

As Big Tech companies begin to lay off employees in the global economic downturn, Google executives have reportedly warned workers to either boost performance or prepare to leave as "there will be blood on the streets" if the next quarterly earnings are not good. https://ift.tt/DOT98za

Cisco says hacker breached its network via employee Google account

"During the investigation, it was determined that a Cisco employee's credentials were compromised after an attacker gained control of a personal Google account," wrote Cisco Talos. https://ift.tt/3RsBm5A

Abrdn buys stake in digital assets exchange Archax

The stake, acquired for an undisclosed sum, gives Abrdn a seat on the board at Archax and makes the asset manager its largest external shareholder, an Abrdn spokesperson said. https://ift.tt/BumGhed

Paytm slips 6 percent on questions over CEO reappointment, regulatory fears

Institutional Investor Advisory Services has said it opposes the reappointment of Vijay Shekhar Sharma as CEO and managing director at the annual general meeting next week. https://ift.tt/L0Tb1Fv

China's Huawei reports 52 percent decline in first-half profit due to weaker demand

Revenue dropped 5.9 percent year-on-year during the period to 301.6 billion yuan ($44.73 billion), with a sharper decline during January-March. https://ift.tt/RjawoEs

Why Google is ordered to pay $43 million to an Australian court

The court found Google misled some customers about personal location data collected through their Android mobile devices between January 2017 and December 2018. https://ift.tt/Wv7JYi1

Dutch authorities arrest a suspected Tornado Cash developer in Amsterdam, two days after the US sanctioned the crypto mixing service (Andrew Rummer/The Block)

Andrew Rummer / The Block:
Dutch authorities arrest a suspected Tornado Cash developer in Amsterdam, two days after the US sanctioned the crypto mixing service  —  - Dutch authorities arrested a developer suspected of involvement in Tornado Cash on Wednesday, two days after the US government sanctioned the crypto mixing service.

Corporations urge car fleet managers to switch to EVs, here's why

In late 2020, fleet management company ALD set a goal to have 30 percent of its new cars electrified by 2025—a goal that seemed like a stretch because, as recently as 2019, only one in 200 of ALD's new vehicles was an EV or a hybrid. https://ift.tt/J6Xz0U1