Lauren Goode / Wired:
An interview with Max Levchin on Affirm, the US CFPB's inquiry into BNPL services, problems with credit cards, the current economic environment, and more — The PayPal cofounder on why his “buy now, pay later” company Affirm is a healthier way to borrow, what caused the techlash, and Elon Musk's Twitter.
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Sunday, December 4, 2022
An interview with Max Levchin on Affirm, the US CFPB's inquiry into BNPL services, problems with credit cards, the current economic environment, and more (Lauren Goode/Wired)
In an interview, SBF admits involvement in Alameda's largest uses of funds: spending $3B to buy out Binance's stake in FTX and pouring $4B into venture capital (Joshua Oliver/Financial Times)
Joshua Oliver / Financial Times:
In an interview, SBF admits involvement in Alameda's largest uses of funds: spending $3B to buy out Binance's stake in FTX and pouring $4B into venture capital — Exchange's former CEO says he was close to key decisions at nominally separate trading firm — Speaking from his bed in Nassau …
Kuo: mass shipments of Apple's AR/VR headset may be delayed until H2 2023, from previously estimated Q2 2023, due to "software-related issues" (Joe Rossignol/MacRumors)
Joe Rossignol / MacRumors:
Kuo: mass shipments of Apple's AR/VR headset may be delayed until H2 2023, from previously estimated Q2 2023, due to “software-related issues” — Mass shipments of Apple's long-rumored AR/VR headset may be delayed until the second half of 2023 due to unspecified “software-related issues …
Autonomous trucking software company Embark lost ~98% of its market value, or ~$5B, since going public a year ago via a SPAC merger, amid a sector-wide downturn (Joanna Glasner/Crunchbase News)
Joanna Glasner / Crunchbase News:
Autonomous trucking software company Embark lost ~98% of its market value, or ~$5B, since going public a year ago via a SPAC merger, amid a sector-wide downturn — Out of all the beaten-down public companies in the autonomous driving space, Embark Technology stands out as a conspicuously terrible stock market performer.
Saturday, December 3, 2022
A look at virtual currencies like Roblox's Robux, which have become many kids' preferred way to be paid for chores or receive as an allowance (Wall Street Journal)
Wall Street Journal:
A look at virtual currencies like Roblox's Robux, which have become many kids' preferred way to be paid for chores or receive as an allowance — Virtual currencies have become many families' preferred way to pay allowance. And Roblox's currency is king. — Like many parents …
Tim Cook was able to placate Elon Musk within two days, but the chaos at Foxconn's "iPhone City" may become the greatest test of Cook's diplomatic skills yet (Patrick McGee/Financial Times)
Patrick McGee / Financial Times:
Tim Cook was able to placate Elon Musk within two days, but the chaos at Foxconn's “iPhone City” may become the greatest test of Cook's diplomatic skills yet — Apple chief placates Elon Musk but faces bigger questions over iPhone supply chain — Tim Cook was already battling …
Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in data center financing decisions (Bloomberg)
Bloomberg : Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in ...
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The first project we remember working on together was drawing scenes from the picture books that our mom brought with her when she immigrate...
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Sohee Kim / Bloomberg : South Korean authorities are investigating a data leak at e-commerce giant Coupang that exposed ~33.7M accounts; ...