Tech Meme

Financial Times: US authorities arrest student loan service Frank founder Charlie Javice; the SEC charges her with falsifying Frank user numbers for JPMorgan’s $175M acquisition  —  Charlie Javice allegedly falsified user numbers at student finance company  —  The founder of a student finance website acquired … Lees verder op Tech Meme

Tom Bristow / Politico: The UK ICO fines TikTok £12.7M for misusing children’s personal data, saying the app “should have done better”, down from a £27M fine proposed in September 2022  —  The ICO estimates that 1.4 million children in the UK were on TikTok in 2020. Lees verder op Tech Meme

Tim Hardwick / MacRumors: Apple reports an issue with its Weather app on iOS, iPadOS, watchOS, and macOS, ongoing for over 12 hours; some users have had data issues for over a week  —  Apple is currently experiencing issues with its weather data provider, leaving many users unable to see live weather information and forecasts for regions in the Weather app. Lees verder op Tech Meme

Leo Schwartz / Fortune: Georgia-based Bakkt, which offers trading and custodial services, acquires infrastructure provider Apex Crypto for ~$155M, split $55M in cash and $100M in stock  —  New York-based Bakkt announced on Monday that it received regulatory approval to acquire trading infrastructure provider Apex Crypto … Lees verder op Tech Meme

Brian Heater / TechCrunch: Covariant, which builds AI-powered industrial robots, raised $75M led by Radical Ventures and Index Ventures as an extension to an $80M Series C in July 2021  —  I took a deep dive with Covariant co-founder and CEO Peter Chen at ProMat the other week.  The timing was either perfect or terrible depending on who you ask. Lees verder op Tech Meme

Brandy Betz / CoinDesk: Vancouver-based Web3 messaging protocol developer LayerZero Labs raised a $120M Series B at a $3B valuation, up from $1B in its $135M Series A+ in March 2022  —  The valuation is triple the level of the firm’s previous funding round in March 2022.  —  Join the most important conversation … Lees verder op Tech Meme

Sam Kim / Bloomberg: SEMI data: Japan is expected to spend $7B on chipmaking equipment in 2024, up 82% on 2023, the largest in the world; China’s spending is forecast to rise 2% YoY  —  Japan is poised to sharply raise its chip-gear spending in an attempt to boost its position in the global semiconductor market … Lees verder op Tech Meme

Tom Bristow / Politico: The UK ICO fines TikTok £12.7M for failing to protect kids’ data, saying the app “should have done better”, down from a £27M fine proposed in September 2022  —  The ICO estimates that 1.4 million children in the UK were on TikTok in 2020. Lees verder op Tech Meme

Lyllah Ledesma / CoinDesk: Kaiko: Binance’s market share fell from 70% to 54% in two weeks, the lowest since November 5, after the CFTC lawsuit and the company ended some zero-fee trading  —  The exchange’s share of trading volume has dropped to 54% from 70% over the past two weeks.  —  Binance remains … Lees verder op Tech Meme

New York Times: China opening its Micron investigation marks the most significant retaliation against US chip sanctions yet and undermines Beijing’s open-for-business messaging  —  Beijing’s security review of Micron Technology, which has deep roots in China, could have wide-ranging ramifications for other foreign businesses. Lees verder op Tech Meme