News

Jody Godoy / Reuters: Netflix defeats a shareholder lawsuit over accusations of hiding the impact of account sharing; Netflix lost ~50% of its value in 2022 after growth warnings  —  Netflix (NFLX.O) has defeated a lawsuit filed by shareholders in… Read More »Netflix defeats a shareholder lawsuit over accusations of hiding the impact of account sharing; Netflix lost ~50% of its value in 2022 after growth warnings (Jody Godoy/Reuters)

Samuel Stolton / Bloomberg: The EU begins investigating whether Microsoft’s OpenAI investment is reviewable under its rules, and asks for feedback on generative AI and virtual worlds  —  – EU watchdog follows UK regulator in weighing a probe  — Move… Read More »The EU begins investigating whether Microsoft’s OpenAI investment is reviewable under its rules, and asks for feedback on generative AI and virtual worlds (Samuel Stolton/Bloomberg)

Olaf Storbeck / Financial Times: Berlin-based Robinhood rival Trade Republic reported a “solid double-digit million euro” net profit in the year to September, a first, up from a €145M loss YoY  —  Berlin-based start-up hails results as proof of business… Read More »Berlin-based Robinhood rival Trade Republic reported a “solid double-digit million euro” net profit in the year to September, a first, up from a €145M loss YoY (Olaf Storbeck/Financial Times)

Foo Yun Chee / Reuters: In a November 2023 appeal, Apple objected to EU’s DMA designation of all App Stores as a single service, iOS interoperability, and iMessage NIICS designation  —  Apple (AAPL.O) has challenged EU tech rules designating its… Read More »In a November 2023 appeal, Apple objected to EU’s DMA designation of all App Stores as a single service, iOS interoperability, and iMessage NIICS designation (Foo Yun Chee/Reuters)

Bloomberg: Beijing’s judicial bureau says a state-backed institution cracked Apple’s AirDrop to identify message senders, and police found multiple suspects via the method  —  – Beijing agency claims to have found way to identify senders  — Declaration follows efforts to… Read More »Beijing’s judicial bureau says a state-backed institution cracked Apple’s AirDrop to identify message senders, and police found multiple suspects via the method (Bloomberg)

Mia Sato / The Verge: How the internet reshaped itself around Google’s algorithms, including by using SEO tricks, and the company’s role in many websites now using similar designs  —  How the internet reshaped itself around Google’s search algorithms —… Read More »How the internet reshaped itself around Google’s algorithms, including by using SEO tricks, and the company’s role in many websites now using similar designs (Mia Sato/The Verge)

Cristina Criddle / Financial Times: Ofcom creates a new team of nearly 350 people, including hires from Meta, Google, and Microsoft, dedicated to online safety and plans to hire 100 more in 2024  —  UK regulator hires executives from Meta,… Read More »Ofcom creates a new team of nearly 350 people, including hires from Meta, Google, and Microsoft, dedicated to online safety and plans to hire 100 more in 2024 (Cristina Criddle/Financial Times)

Financial Times: A look at the rising subscription prices of dating apps as competition intensifies and growth slows down; data.ai: consumers spent $5B+ on dating apps in 2023  —  Get ahead in 2024  —  Have January on us  —  Pay… Read More »A look at the rising subscription prices of dating apps as competition intensifies and growth slows down; data.ai: consumers spent $5B+ on dating apps in 2023 (Financial Times)

Jane Zhang / Bloomberg: Filing: JD-backed Dada Nexus is investigating “suspicious practices”, including a ~$140M overstatement of revenue and costs in 2023, triggering a 46% stock dive  —  – Dada discloses it may have overstated both revenue and cost  —… Read More »Filing: JD-backed Dada Nexus is investigating “suspicious practices”, including a ~$140M overstatement of revenue and costs in 2023, triggering a 46% stock dive (Jane Zhang/Bloomberg)

Sapna Maheshwari / New York Times: TikTok restricts Creative Center, used by advertisers to track hashtags, after it was used by critics to scrutinize content on the Israel-Hamas war and more  —  People and groups had harnessed the tool to… Read More »TikTok restricts Creative Center, used by advertisers to track hashtags, after it was used by critics to scrutinize content on the Israel-Hamas war and more (Sapna Maheshwari/New York Times)