Sunday, September 1, 2024

A US court ordered Nigerian businessman Dozy Mmobuosi, founder of NJ-based Tingo, to pay $250M+ in fines after SEC alleged he inflated Tingo's financial records (Aanu Adeoye/Financial Times)

Aanu Adeoye / Financial Times:
A US court ordered Nigerian businessman Dozy Mmobuosi, founder of NJ-based Tingo, to pay $250M+ in fines after SEC alleged he inflated Tingo's financial records  —  Decision against Dozy Mmobuosi by US court comes after civil complaint by SEC against his Nasdaq-listed companies



A look at NightCafe, a bootstrapped generative art marketplace with 25M users who created ~1B images; source: it has $4M annualized revenue with a ~50% margin (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch:
A look at NightCafe, a bootstrapped generative art marketplace with 25M users who created ~1B images; source: it has $4M annualized revenue with a ~50% margin  —  The OG of image generation is a success, minus some moderation challenges  —  Elle Russell, co-founder of Cairns …



A look at Apple's strategy to keep retiring execs involved in a reduced role; sources: M4 Mac mini will have 5 USB-C ports, internal power supply, and no USB-A (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg:
A look at Apple's strategy to keep retiring execs involved in a reduced role; sources: M4 Mac mini will have 5 USB-C ports, internal power supply, and no USB-A  —  Apple's succession strategy has come into focus with the upcoming exit of its chief financial officer.



A look at the surge of interest-based sites as users grow weary of big platforms; MAUs for Letterboxd, Strava, and AllTrails grew 55%, 20%, and 10% YoY in H1 (Teresa Xie/Bloomberg)

Teresa Xie / Bloomberg:
A look at the surge of interest-based sites as users grow weary of big platforms; MAUs for Letterboxd, Strava, and AllTrails grew 55%, 20%, and 10% YoY in H1  —  - Biking, reading and dining apps draw users seeking connection  — Niche apps take hold as alternative to larger online platforms



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 ...