Saturday, October 5, 2024

Foxconn Q3: revenue up 20.2% YoY to ~$57.3B on strong AI server demand; consumer electronics revenue, including iPhones, was flat YoY; stock is up ~86% in 2024 (Ben Blanchard/Reuters)

Ben Blanchard / Reuters:
Foxconn Q3: revenue up 20.2% YoY to ~$57.3B on strong AI server demand; consumer electronics revenue, including iPhones, was flat YoY; stock is up ~86% in 2024  —  Taiwan's Foxconn (2317.TW), the world's largest contract electronics maker, beat expectations to post its highest-ever revenue …



Mullenweg says "WordPress.org just belongs to me personally", as his WP Engine feud blurs the lines between WordPress.org, WordPress Foundation, and Automattic (Emma Roth/The Verge)

Emma Roth / The Verge:
Mullenweg says “WordPress.org just belongs to me personally”, as his WP Engine feud blurs the lines between WordPress.org, WordPress Foundation, and Automattic  —  The lines between the WordPress open-source project, the nonprofit backing it, and the commercial arm owned by Automattic are blurring.



A look at the rise and fall of IronNet, a cybersecurity firm led by ex-NSA director Keith Alexander and whose valuation crossed $3B after it went public in 2021 (Alan Suderman/Associated Press)

Alan Suderman / Associated Press:
A look at the rise and fall of IronNet, a cybersecurity firm led by ex-NSA director Keith Alexander and whose valuation crossed $3B after it went public in 2021  —  The future was once dazzling for IronNet.  Founded by a former director of the National Security Agency and stacked …



How Beixiazhu, a Chinese village that was a hotspot of activity during the livestream shopping boom on Douyin, Kuaishou and other apps, became a cautionary tale (Wency Chen/South China Morning Post)

Wency Chen / South China Morning Post:
How Beixiazhu, a Chinese village that was a hotspot of activity during the livestream shopping boom on Douyin, Kuaishou and other apps, became a cautionary tale  —  To the unsuspecting outsider, Beixiazhu looks like any unremarkable Chinese village.  But for years, this was the place …



Friday, October 4, 2024

The CJEU rules that social networks, such as Facebook, cannot keep using people's data for ad targeting indefinitely, siding with privacy campaigner Max Schrems (Natasha Lomas/TechCrunch)

Natasha Lomas / TechCrunch:
The CJEU rules that social networks, such as Facebook, cannot keep using people's data for ad targeting indefinitely, siding with privacy campaigner Max Schrems  —  The European Union's top court has sided with a privacy challenge to Meta's data retention policies.



Robinhood plans to debut margin trading in UK in the coming weeks; it is exploring offering retirement products and letting British users invest in UK stocks (Bloomberg)

Bloomberg:
Robinhood plans to debut margin trading in UK in the coming weeks; it is exploring offering retirement products and letting British users invest in UK stocks  —  - Company plans to debut margin trading in UK in coming weeks  — Robinhood has been expanding overseas as it hunts for growth



Google is "running a small experiment" showing blue verified checkmarks beside business links in its search results that indicate the company is genuine (Jess Weatherbed/The Verge)

Jess Weatherbed / The Verge:
Google is “running a small experiment” showing blue verified checkmarks beside business links in its search results that indicate the company is genuine  —  Google is experimenting with a new verification feature in search that should make it easier for users to avoid clicking on fake or fraudulent website links.



Matt Mullenweg says 159 Automattic employees, ~8.4% of staff, accepted a generous buyout package offered to those who disagreed with his direction of WordPress (Ivan Mehta/TechCrunch)

Ivan Mehta / TechCrunch:
Matt Mullenweg says 159 Automattic employees, ~8.4% of staff, accepted a generous buyout package offered to those who disagreed with his direction of WordPress  —  Automattic CEO Matt Mullenweg said on Thursday that 159 employees (roughly 8.4% of staff) accepted a severance package …



The NYT sends a cease-and-desist letter to AI startup Perplexity to stop using its content; Perplexity says it is "interested in working with every" publisher (Alexandra Bruell/Wall Street Journal)

Alexandra Bruell / Wall Street Journal : The NYT sends a cease-and-desist letter to AI startup Perplexity to stop using its content; Perp...