Digital World Acquisition Corp. says investors voted to extend the deadline to merge with Truth Social to September 2023, pending an investigation by regulators — The move by shareholders of the company that would merge with Trump Media & Technology Group buys time as regulators investigate the proposed deal.
Xiaomi reports Q3 revenue down 9.7% YoY to ~$9.85B, slightly above estimates, and a ~$210M net loss, following a ~$420M writedown on investments — Xiaomi Corp.'s quarterly revenue fell almost 10% as it battled a slumping global smartphone market and weak consumer demand at home.
The UK's CMA launches an investigation into Apple's and Google's dominance in mobile browsers and cloud gaming, following a survey that found a “stranglehold” — Apple and Google could be forced to loosen their grip on mobile systems after the United Kingdom's competition watchdog launched …
An investigation reveals how online US sports betting grew so big, so fast and what the consequences are likely to be for public health, taxpayers, and others — The New York Times examined thousands of pages of documents and interviewed lobbyists, executives, lawmakers …
Madrid-based Cobee, which offers a “super app” for employee benefits, raised a €40M Series B co-led by Octopus Ventures and Notion Capital — Benefits are one of the great oxymorons of full-time employment: the name implies help and advantages, but in a lot of cases …
Sources: the People's Bank of China plans to fine Jack Ma's Ant Group more than $1B as soon as Q2 2023, potentially ending the company's two-year overhaul — Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma's Ant Group, said six sources with direct knowledge of the matter …
Filings: FTX, Alameda, and other affiliates have $1.2B in cash reserves, below the $3.1B owed to the top 50 creditors; Alameda's reserves are largest at ~$393M — The bankrupt crypto exchange FTX owes around $3.1 billion to its top 50 creditors. — The various divisions …
Records: FTX, its executives, and SBF's parents bought 19+ properties in the Bahamas worth ~$121M over the past two years as “residence for key personnel” — Sam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought …
Court documents: FTX owes $3.1B to its 50 biggest unsecured creditors, with claims ranging from $21M to $226M; ten claims are over $100M each — Sam Bankman-Fried's bankrupt crypto empire owes its 50 biggest unsecured creditors a total of $3.1 billion, new court papers show, with a pair of customers owed more than $200 million each.
Microsoft brings SwiftKey back to the iOS App Store citing “customer feedback”, after delisting the keyboard app on October 5, 2022 — Microsoft's SwiftKey keyboard has unexpectedly returned to the App Store. The company officially discontinued support for the keyboard and removed …
Elon Musk's changes at Twitter threaten to set up a showdown with Apple and Google over in-app purchases for subscriptions and content moderation issues — Elon Musk's plan to turn Twitter into more of a subscription service threatens to set up a showdown with Apple and Google.
Twitter's automated copyright strike system appears to be broken, as users upload full movies; some accounts with viral tweets were later suspended — While Twitter, the website, remains online and has not simply collapsed after the vast majority of workers were fired or resigned under Elon Musk …
Donald Trump says he sees “a lot of problems at Twitter”, doesn't see any reason to return, and plans to stick to Truth Social — Donald Trump said he sees “a lot of problems at Twitter” and will stick to his own social-media platform, offering an initial response to Elon Musk's poll …
A look at the growth of esports tournaments in India, which are attracting prime-time TV audiences with both players and viewers mostly using mobile phones — Next to a primary school and a shabby playground in India's financial capital Mumbai stands a plush four-story building that's home to the world's newest breed of athlete.
Jagmeet Singh / TechCrunch : ServiceNow invests $40M in banking software specialist BusinessNext, valuing the 24-year-old Indian company ...
