Tech Meme

Wall Street Journal: Former staff say Meta considered exempting underage Facebook and Instagram user accounts from encryption but chose not to due to costs and potential liability  —  The company’s own child-safety experts sounded the alarm about efforts to encrypt messages on Instagram and Facebook. Lees verder op Tech Meme

Makiko Yamazaki / Reuters: Toshiba sees power management chips as a profit driver and plans to spend ~$175M to double production, as private equity firm JIP completes its $14B buyout  —  Toshiba Corp (TOSBF.PK) sees power management chips as an immediate profit driver on the back of surging electric vehicle (EV) … Lees verder op Tech Meme

Kate Park / TechCrunch: ImpriMed, which builds AI-powered drug response prediction tech for cancer in dogs, cats, and soon humans, raised a $23M Series A led by SoftBank Ventures Asia  —  ImpriMed, a California-based precision medicine startup, builds AI-powered dog cancer treatment technology that helps veterinarians identify … Lees verder op Tech Meme

Financial Times: How SoftBank’s $500M bet on US mortgage lender Better, once valued at $7B, backfired; BETR is down 90%+ since its August 2023 IPO after a US SEC investigation  —  Multibillion-dollar investment in start-up soured as interest rates rose and Spac craze ended  —  In April 2021 … Lees verder op Tech Meme

Aisha S Gani / Bloomberg: Revolut publishes delayed 2022 accounts, removing a hurdle in its UK banking license bid; revenue grew 45% YoY to £922.5M, while pretax loss grew to £25.4Mg2  —  – Auditors at BDO say issues for 2021 data have been resolved  — Fintech reports pretax loss; sees $2 billion revenue this year Lees verder op Tech Meme

Leo Schwartz / Fortune: Paxos plans to expand its products to the Solana blockchain on January 17, 2024, after receiving approval from the NY financial regulator  —  The leading stablecoin issuer Paxos has received regulatory approval to expand its products to the Solana blockchain, which it plans to launch on January 17, 2024. Lees verder op Tech Meme

Max Ramsay / Bloomberg: EU member states reject a provisional deal that would have required platforms like Uber and Deliveroo to give full employment status to around 5.5M gig workers  —  – Rules will go through further negotiations with EU lawmakers  — Deal could have cost industry billions of euros annually Lees verder op Tech Meme

Aisha S Gani / Bloomberg: Revolut publishes delayed 2022 accounts, removing a hurdle in its UK banking license bid; revenue grew 45% YoY to £922.5M, while pretax loss grew to £25.4Mg2  —  – Auditors at BDO say issues for 2021 data have been resolved  — Fintech reports pretax loss; sees $2 billion revenue this year Lees verder op Tech Meme

Erin Nolan / New York Times: Prosecutors: Pornhub operator Aylo admits that it had profited from porn that depicted sex trafficking victims, will pay a $1.8M fine and be assigned a monitor  —  The company that operates Pornhub and other adult websites has agreed to pay damages to women who said pornographic videos of them were posted online without their consent. Lees verder op Tech Meme

Aisha S Gani / Bloomberg: Revolut publishes delayed 2022 accounts, removing a hurdle in its UK banking license bid; revenue grew 45% YoY to £922.5M, while pretax loss grew to £25.4Mg2  —  – Auditors at BDO say issues for 2021 data have been resolved  — Fintech reports pretax loss; sees $2 billion revenue this year Lees verder op Tech Meme