As the GOP assumes leadership of the US House, antitrust subcommittee's bipartisan efforts to curb the power of big tech shift to a focus on free-speech issues — The new GOP House majority is turning away from last year's bipartisan efforts to rein in the dominance of the largest tech companies …
Q&A with Microsoft Gaming CEO Phil Spencer, on having no major Xbox releases in 2022, its outlook for 2023, layoffs, Activision deal amid FTC lawsuit, and more — Xbox's CEO talks about the recent Developer Direct, 2022 struggles, layoffs, and what 2023 could hold.
ShareChat employees and investors shed light on the company's leadership crisis and say revenue has not kept pace with cash burn and the ~$5B 2022 valuation — The company's top and middle management are hollowing out, revenue has not kept pace with cash burn and Sharechat's top-tier valuation …
Twitter co-founder Biz Stone says Elon Musk “doesn't seem like” the right owner for Twitter and claims morale and content improvements have been lost under Musk — Biz Stone, one of quartet who set up company, says positive changes he oversaw have been undone by Tesla chief executive
After losing billions on mobile bets, Japanese e-commerce giant Rakuten raised ~$1.9B for its mobile business and plans to sell its banking and securities units — Japanese e-commerce giant Rakuten Group Inc. sold 250 billion yen ($1.9 billion) of bonds on Friday, giving the company …
The EU Commission says Google has agreed to update its Store, Play Store, Hotels, and Flights to provide clear and accurate information and comply with EU laws — Many of Google's offerings will soon be updated to provide clear and accurate information in compliance with consumer protection laws in the EU.
Over 100 Israeli tech groups let staff join a “warning strike” over controversial government plans to curb judiciary powers, the latest warnings by businesses — Executives say new government's move to curb judicial powers will scare away vital investment to the self-styled Startup Nation
A look at crypto money laundering in 2022: illicit addresses sent nearly $23.8B, up 68% YoY, four addresses got $1B+ combined, DeFi got record funds, and more — The 2023 Crypto Crime Report — Money laundering is crucial to all financially motivated crime because it's what enables criminals …
Under increasing pressure in the US, ByteDance and TikTok shift their strategy for dealing with officials by going on the offense and speaking out publicly — Keeping its head down has not paid off for the company, which now faces regulatory pressure on many fronts. So it is starting to speak out.
Filing: crypto exchange Mango Markets sues alleged exploiter Avraham Eisenberg for $47M in damages, saying he returned only $67M of the roughly $114M he netted — Mango Markets wants its money back after losing $114 million in October. — Decentralized crypto exchange Mango Markets sued …
A look at Google's evolving legal strategy to combat the DOJ's antitrust claims; sources say Google believed an ad unit spinoff could help end multiple cases — The latest U.S. lawsuit against Google compounds the legal issues the company faces worldwide while broadening the scope …
Hands-on with DoNotPay, a service claiming to be the first robot lawyer: slow, drafted a terrible defamation demand letter, missed legal issues, and more — Note: This post is an adaptation of what started initially as a Twitter thread. — I've been going pretty hard on DoNotPay …
New York AG Letitia James asks Madison Square Garden Entertainment for information on the alleged use of facial recognition to deny access to ticket holders — Probe related to company's alleged use of the technology to bar certain ticket holders from its venues
Jacob Judah / Financial Times : Experts say ChatGPT, Gemini, and other Western AI models are turbocharging Iran's cyber operations, h...
