In a now deleted tweet, Elon Musk said verified accounts would get a “few weeks grace” but would lose their badges if “they tell they won't pay now” — - The first day of Twitter's previously announced axing of “legacy” verified checks nearly passed without incident.
A16Z appears to openly court Saudi capital; Horowitz compared the US unfavorably to the Saudis after the US government appeared unmoved by an Andreessen essay — Andreessen Horowitz is now openly courting capital from Saudi Arabia, despite U.S. strains. — According to Bloomberg …
Sources: SVB execs bought long-term assets that paid more interest based on a misplaced profit-driven strategy, falling out of compliance with its risk model — Focused on profits, leaders made decisions that foreshadowed the bank's surprise failure — Flush with cash from a booming tech industry …
Sources: Lyft founders' departures followed months of staff concerns as the company's market value fell 85% to under $3.5B in two years, while Uber fared better — New CEO says he aims to boost employee morale and overhaul customer and driver experience — Tech Live: Lyft Co-Founder on Stock-Price Tumble, Autonomous Cars
NLRB says Activision Blizzard broke US labor law by illegally surveilling staff during a walkout and threatening to close some Slack channels amid a union drive — Activision Blizzard Inc (ATVI.O) violated U.S. labor law by illegally surveilling employees during a walkout and threatening …
Sources: ByteDance had revenues of $80B+ in 2022, up 30% YoY, after growing 70% between 2020 and 2021; TikTok represented ~12% of total ByteDance revenue — ByteDance, the Chinese owner of TikTok, generated more than $80 billion in annual revenue last year, up more than 30% from roughly $60 billion in 2021 …
How GameStop chairman Ryan Cohen abandoned the company's e-commerce push to refocus on its ~4.4K stores, leading to GameStop's first profit in two years — Videogame retailer, the original meme stock, hits brakes on e-commerce push to refocus on its 4,400 bricks-and-mortar locations
Binance plans to keep the $985M+ BUSD it moved from its industry recovery fund, launched in November 2022 amid FTX's collapse, in its corporate wallets — Founder and CEO of Binance Changpeng Zhao, commonly known as “CZ” — In the wake of FTX's collapse in November, the newly crowned kingpin of crypto …
Huawei reports 2022 revenue up 0.9% YoY to ~$93.4B and net profit down 69% YoY to ~$5.18B, its biggest drop since 2011, amid pandemic controls and US sanctions — - Huawei reported net profit for 2022 totaled 35.6 billion yuan ($5.18 billion), a 69% year-on-year decline.
Italy's privacy regulator temporarily bans ChatGPT and will probe OpenAI, claiming the company lacks a basis for “mass collection and storage of personal data” — The Italian privacy regulator Friday ordered a ban on ChatGPT over alleged privacy violations.
Anushka Chourasia / Reuters : UK publisher Bloomsbury says it is among the beneficiaries of the $1.5B Anthropic settlement; 14,087 of its...
