Category Archives: Tech News

China's punishing tech crackdown has undercut the industry's position as the largest and most sought-after employer, leading to high graduate unemployment rates (Bloomberg)

Bloomberg: China’s punishing tech crackdown has undercut the industry’s position as the largest and most [...]

31
Aug
In a SEC filing, Elon Musk adds Peiter Zatko's allegations as a reason to terminate the $44B takeover bid, saying Twitter is in "material noncompliance" (Giles Turner/Bloomberg)

Giles Turner / Bloomberg: In a SEC filing, Elon Musk adds Peiter Zatko’s allegations as [...]

30
Aug
Reliance Jio, which has 421M subscribers, says it will spend $25B to launch a 5G service in October and plans to expand to "every town" in India by end of 2023 (Manish Singh/TechCrunch)

Manish Singh / TechCrunch: Reliance Jio, which has 421M subscribers, says it will spend $25B [...]

29
Aug
The bubble that Masayoshi Son blamed for SoftBank's $23B loss last quarter is one that he helped create through Vision Fund, which distorted the VC market (Max Chafkin/Bloomberg)

Max Chafkin / Bloomberg: The bubble that Masayoshi Son blamed for SoftBank’s $23B loss last [...]

28
Aug
Gartner: global spending on tech, including cloud services, is expected to rise ~3% in 2022, well below the 10% annual growth in 2021 and the nearly 7% in 2020 (Aaron Tilley/Wall Street Journal)

Aaron Tilley / Wall Street Journal: Gartner: global spending on tech, including cloud services, is [...]

27
Aug
Open Text plans to buy UK-based enterprise software company Micro Focus for ~$6B including debt, a 99% premium on Thursday's close; Micro Focus stock jumps 90%+ (Derek Decloet/Bloomberg)

Derek Decloet / Bloomberg: Open Text plans to buy UK-based enterprise software company Micro Focus [...]

26
Aug
Group-IB researchers detail hacking group 0ktapus, responsible for the recent breaches at Twilio and 130+ organizations, gaining credentials of ~10K employees (Carly Page/TechCrunch)

Carly Page / TechCrunch: Group-IB researchers detail hacking group 0ktapus, responsible for the recent breaches [...]

25
Aug
Dune Analytics: so far, Tether is not blocking Tornado Cash accounts, potentially violating US Treasury sanctions; Tether says it has not received a request (Washington Post)

Washington Post: Dune Analytics: so far, Tether is not blocking Tornado Cash accounts, potentially violating [...]

24
Aug
Yandex announces a deal to offload its controversial news aggregator and a blog to social network VK in exchange for VK's food and grocery service Delivery Club (Bloomberg)

Bloomberg: Yandex announces a deal to offload its controversial news aggregator and a blog to [...]

23
Aug
Some neobanks have struggled to uphold lofty promises to consumers as VC funding in the sector declines and traditional banks improve their tech offerings (Bloomberg)

Bloomberg: Some neobanks have struggled to uphold lofty promises to consumers as VC funding in [...]

22
Aug