The Dutch government takes control of Chinese-owned Dutch chipmaker Nexperia using its Goods Availability Act, a first, to safeguard chip supply for Europe
Move by The Hague escalates frictions between western countries and Beijing over access to high-end technology
SoftBank reports Vision Fund lost ~$2B in Q4, down from ~$16B in Q4 2022, leading to a ~$32B full-year loss; investments for the year to March fell to ~$3B
SoftBank Group Corp. lost money in its Vision Fund investment unit again despite a rebound in tech stocks, as the Japanese conglomerate …
Sources: Apple hit major milestones in a Jobs-era project to develop noninvasive blood glucose monitoring, part of its Alphabet X-like Exploratory Design Group
Apple Inc. has a moonshot-style project underway that dates back to the Steve Jobs era: noninvasive and continuous blood glucose monitoring.
Lagos-based Jumia, once hailed as the “Amazon of Africa”, has seen its stock drop 85%+ since its April 2019 IPO amid falling customer growth and mounting losses
David Adeleke / Rest of World : Tweets: @hkanji , @ulonnaya , @naijaflyingdr , @restofworld , and @eajene Tweets: Hussein Kanji / @hkanji : Another Rocket Internet success story s...
Lagos-based Jumia, once hailed as the “Amazon of Africa”, has seen its stock drop ~70% since its 2019 IPO amid stalling customer growth and mounting losses
Its stock has fallen 70% since its IPO as growth stalls and operating losses mount. — • ABUJA, NIGERIA Tweets: @ulonnaya , @restofworld , @eajene , and @naijaflyingdr Tweets: Tag...
Mark Zuckerberg says Meta plans to lay off 13% of its staff, or 11,000+ employees, and will cut discretionary spending and extend its hiring freeze through Q1
Mark Zuckerberg just shared the following with Meta employees: — Today I'm sharing some of the most difficult changes we've made in Meta's history.
In a 60 Minutes interview, WSJ's Facebook Files whistleblower says Facebook is misleading the public on progress against hate speech, misinformation, and more
Frances Haugen says in her time with Facebook she saw, “conflicts of interest between what was good for the public and what was good for Facebook.”
OnlyFans says it will prohibit users from posting any “sexually explicit conduct” starting in October, but will allow nude photos and videos
OnlyFans shares new TOS for “sexually explicit conduct”: no intercourse, masturbation, exhibition of genitals; any such content must be removed before Dec. 1
Sex and masturbation, whether simulated or real, aren't allowed — On Thursday the video and image sharing site …
OnlyFans says it will prohibit users from posting any “sexually explicit conduct” starting in October, but will allow nude photos and videos
- Popularity of the website has exploded during the pandemic — Many sex workers use OnlyFans to charge customers online
South Korea plans to spend around $450B to build the world's biggest chipmaking base over the next decade; Samsung to boost spending by 30% to $151B by 2030
Australian Treasurer Josh Frydenberg says he will hold talks with Zuckerberg to “see if there's a pathway forward”, but says news legislation will go ahead
App Annie: Australian Broadcasting Corporation's news app was briefly the most downloaded app on the AU App Store after Facebook's news ban and is now second
Readers may be going directly to the source — The Australian Broadcast Company's ABC News app shot to the top of Apple's App Store charts …
Australian Treasurer Josh Frydenberg says he will hold talks with Zuckerberg to “see if there's a pathway forward”, but says news legislation will go ahead
Jason Scott / Bloomberg :
Facebook's refusal to pay a misguided media tax, pushed by Rupert Murdoch, is a defense of the open web and criticizing it for rejecting a link tax is bizarre
None of this should have been a surprise. Back in September we wrote about Facebook publicly saying that if Australia went forward …
Copia, an e-commerce and logistics startup for unbanked customers operating in central Kenya, raises $26M Series B led by UK's LGT Lightstone
Yomi Kazeem / Quartz :
Copia, an e-commerce and logistics startup for unbanked customers operating in central Kenya, raises $26M Series B led by UK's LGT Lightstone
The promise of e-commerce over the past decade across Africa's urban middle class lies in the ease and convenience of making and paying for purchases via …
A snapshot of Amazon's financial history and why free cash flow, which Bezos called Amazon's “ultimate financial measure”, is always higher than its profits
It's all about investing in the future. — Amazon skeptics have long repeated a narrative about the e-commerce behemoth … Tweets: @recode , @naijaflyingdr , @recode , and @recode ...