Tech Meme

Financial Times: Sources: Apple’s India expansion has been slow due to logistics, tariffs, infrastructure, suppliers and officials lacking a “sense of urgency”, and other issues  —  Apple is hitting stumbling blocks in its effort to increase production in India, as the US tech giant faces pressure to cut its manufacturing reliance on China. Lees verder op Tech Meme

Salvador Rodriguez / Wall Street Journal: Internal memo: Meta plans to revamp Horizon Worlds, including opening the app to users aged 13-17, seeking to improve user retention as competition intensifies  —  Memo highlights social-media giant’s plan to revitalize app, boost users in 2023  —  Facebook parent Meta Platforms Inc. META -0.25%decrease … Lees verder op Tech Meme

Bloomberg: Nintendo cuts its full-year earnings and revenue outlook, including operating income from ~$3.8B to ~$3.6B, and revises Switch sales forecasts from ~19M to ~18M  —  Nintendo Co. cut its full-year earnings and revenue outlook, underscoring uncertainty around its aging Switch console and the global gaming environment. Lees verder op Tech Meme

Financial Times: Filings: Digital Currency Group begins selling shares in investment vehicles run by its subsidiary Grayscale at a steep discount, seeking to repay creditors  —  Digital assets conglomerate sells down holdings in prized investments at a discount to pay creditors Lees verder op Tech Meme

Alexander Onukwue / Semafor: Google Play began requiring local regulatory approval for loan apps in Nigeria and Kenya on January 31, matching rules in India, Indonesia, and the Philippines  —  Google has toughened its screening process for African digital lending companies that wish to have their apps on Play Store … Lees verder op Tech Meme

Zheping Huang / Bloomberg: Baidu’s stock jumps 15%+ after the company announced plans to add its ChatGPT-like service “Wenxin Yiyan”, or “Ernie Bot” in English, to search in March 2023  —  Baidu Inc. surged more than 15% after affirming it’s on track to publicly roll out its ChatGPT-like service in March … Lees verder op Tech Meme

John Ourand / Sports Business Journal: The 2023 Super Bowl will not have crypto ads after FTX and others backed out despite buying spots early; crypto companies had around five spots in 2022’s game  —  Fox Sports officially sold out Super Bowl LVII inventory, selling its final in-game spot in the week before the NFL conference championship games. Lees verder op Tech Meme

Mitchell Clark / The Verge: Twitter on iOS and Android now defaults to the timeline the user had open last, instead of the algorithmic feed, after making the change on the web in January  —  Twitter’s iOS and Android app will now default to showing you the last timeline tab you selected, whether it’s the algorithmic … Lees verder op Tech Meme

CNBC: Gemini plans to provide up to $100M to Genesis’ bankruptcy recovery, mainly for its Earn users, who had ~$900M of assets frozen when Genesis paused withdrawals  —  – Crypto exchange Gemini will contribute $100 million in cash to a recovery plan for bankrupt crypto lender Genesis. Lees verder op Tech Meme

Jonathan Vanian / CNBC: Pinterest reports Q4 revenue up 4% YoY to $877M, vs. $886.3M est., $17M net income, global MAUs up 4% YoY to 450M, and forecasts weak Q1 revenue growth  —  – Pinterest said it expects sales in the first quarter to increase in the “low single digits” from a year earlier. Lees verder op Tech Meme