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Alibaba's market cap drops to ~$196B, as the cloud and e-commerce company faces sluggish demand and intensified competition; Alibaba was valued at $850B in 2020 (Charlotte Yang/Bloomberg) 17-11-2023

Charlotte Yang / Bloomberg: Alibaba’s market cap drops to ~$196B, as the cloud and e-commerce company faces sluggish demand and intensified competition; Alibaba was valued at $850B in 2020  —  – Companies’ values widen after Alibaba cloud announcement  — Alibaba now trades at eight times forward earnings multiples Lees verder op Tech Meme

Securities watchdog IOSCO releases its crypto rules report, making 18 recommendations in six areas, across market manipulation, insider trading, fraud, and more (Amaka Nwaokocha/Cointelegraph) 17-11-2023

Amaka Nwaokocha / Cointelegraph: Securities watchdog IOSCO releases its crypto rules report, making 18 recommendations in six areas, across market manipulation, insider trading, fraud, and more  —  According to the report, these expectations can be addressed by applying existing rules or creating new ones, depending on the jurisdiction. Lees verder op Tech Meme

Internal memo: Amazon plans to cut several hundred roles in its Alexa division as part of a broader shift in priorities and a focus on generative AI (Todd Bishop/GeekWire) 17-11-2023

Todd Bishop / GeekWire: Internal memo: Amazon plans to cut several hundred roles in its Alexa division as part of a broader shift in priorities and a focus on generative AI  —  Amazon will eliminate several hundred roles in its Alexa division as part of a broader shift in priorities and a focus on developing new forms … Lees verder op Tech Meme

Current and ex-Snap staffers say Evan Spiegel has spoken admiringly of some of Musk's ideas for X as he promotes “hardcore” work to lift Snap from an ad slump (Erin Woo/The Information) 17-11-2023

Erin Woo / The Information: Current and ex-Snap staffers say Evan Spiegel has spoken admiringly of some of Musk’s ideas for X as he promotes “hardcore” work to lift Snap from an ad slump  —  Snap co-founder and CEO Evan Spiegel has lately taken to walking around his company’s Santa Monica, Calif. … Lees verder op Tech Meme

A California convicts former VC Mike Rothenberg on 21 counts for defrauding investors, including bank fraud, false statements, money laundering, and wire fraud (Connie Loizos/TechCrunch) 17-11-2023

Connie Loizos / TechCrunch: A California convicts former VC Mike Rothenberg on 21 counts for defrauding investors, including bank fraud, false statements, money laundering, and wire fraud  —  Mike Rothenberg, a former VC known for hosting lavish parties, was convicted today on 21 counts for defrauding investors Lees verder op Tech Meme

US v. Google: the DOJ wrapped up the trial's evidentiary phase on Thursday, having argued that Google broke antitrust law; closing arguments are set for May (Diane Bartz/Reuters) 17-11-2023

Diane Bartz / Reuters: US v. Google: the DOJ wrapped up the trial’s evidentiary phase on Thursday, having argued that Google broke antitrust law; closing arguments are set for May  —  The U.S. government hammered away at its main arguments against Alphabet’s (GOOGL.O) Google on Thursday, wrapping up the evidentiary phase … Lees verder op Tech Meme