Clothilde Goujard / Politico:
The EU Commission says Shein will have to comply with DSA rules for content handling, starting August 2024, as the retailer has more than 45M users in the EU — BRUSSELS — Chinese-founded fashion app Shein will face stringent rules on how it handles content on its platform starting in late August, the European Commission said Friday.
Thoma Bravo agrees to buy UK-based cyber security company Darktrace for $7.75 per share, a 20% premium on its April 25 closing price, valuing the company at $5B (Will Louch/Financial Times)
Will Louch / Financial Times:
Thoma Bravo agrees to buy UK-based cyber security company Darktrace for $7.75 per share, a 20% premium on its April 25 closing price, valuing the company at $5B — Offer comes less than two years after private equity group previously held talks about buying cyber security company
ByteDance says it has no plans to sell TikTok, responding to a report suggesting that it is considering scenarios for selling a majority stake in US TikTok (Sherry Qin/Wall Street Journal)
Sherry Qin / Wall Street Journal:
ByteDance says it has no plans to sell TikTok, responding to a report suggesting that it is considering scenarios for selling a majority stake in US TikTok — The company was responding to a report by The Information that it is considering scenarios for selling a majority stake in TikTok’s U.S. business
TechInsights teardown: Huawei’s Pura 70 uses a 7nm chip, similar to the Mate 60, and a Kirin 9010 processor, a newer version of the Mate 60 Pro’s Kirin 9000s (Vlad Savov/Bloomberg)
Vlad Savov / Bloomberg:
TechInsights teardown: Huawei’s Pura 70 uses a 7nm chip, similar to the Mate 60, and a Kirin 9010 processor, a newer version of the Mate 60 Pro’s Kirin 9000s — – The Pura 70 relies on a 7nm chip similar to the Mate 60’s — Washington has stepped up efforts to curb Chinese chipmaking
Sources: the US is urging Japan, South Korea, and the Netherlands to tighten export controls to China, including stopping engineers from servicing Chinese fabs (Financial Times)
Financial Times:
Sources: the US is urging Japan, South Korea, and the Netherlands to tighten export controls to China, including stopping engineers from servicing Chinese fabs — Washington urges Japan, South Korea and the Netherlands to tighten supply of tools and technology
New rules that allow UK law enforcement agencies to seize, destroy, or transfer crypto holdings used for crime before making an arrest take effect (Camomile Shumba/CoinDesk)
Camomile Shumba / CoinDesk:
New rules that allow UK law enforcement agencies to seize, destroy, or transfer crypto holdings used for crime before making an arrest take effect — Law enforcement agencies will no longer need to wait for an arrest to seize crypto. — New powers that will make it easier …
Former Twilio CEO and co-founder Jeff Lawson buys The Onion from G/O Media, via his new company Global Tetrahedron; Lawson had long wanted to buy the site (Katie Robertson/New York Times)
Katie Robertson / New York Times:
Former Twilio CEO and co-founder Jeff Lawson buys The Onion from G/O Media, via his new company Global Tetrahedron; Lawson had long wanted to buy the site — The satirical news website was bought by a new firm in Chicago that took inspiration for its name, Global Tetrahedron, from a book written by The Onion’s staff.
Consensys sues the US SEC over what it calls the “unlawful seizure of authority” over ethereum, after receiving a Wells notice for its MetaMask wallet product (CoinDesk)
CoinDesk:
Consensys sues the US SEC over what it calls the “unlawful seizure of authority” over ethereum, after receiving a Wells notice for its MetaMask wallet product — By offering their MetaMask wallet software, the SEC says Consensys is acting as an unregistered securities broker.
The CHIPS Act has been surprisingly successful so far, giving the US greater scope to meet critical infrastructure needs in the event of a crisis in East Asia (Chris Miller/Financial Times)
Chris Miller / Financial Times:
The CHIPS Act has been surprisingly successful so far, giving the US greater scope to meet critical infrastructure needs in the event of a crisis in East Asia — More than halfway through its incentives spending, the US will have far greater scope to manage shocks
Microsoft Q3: Windows OEM revenue up 11% YoY, devices revenue down 17% YoY, overall gaming revenue up 51% YoY, and Xbox content and services revenue up 62% YoY (Tom Warren/The Verge)
Tom Warren / The Verge:
Microsoft Q3: Windows OEM revenue up 11% YoY, devices revenue down 17% YoY, overall gaming revenue up 51% YoY, and Xbox content and services revenue up 62% YoY — Microsoft just posted the third quarter of its 2024 fiscal financial results. The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3.
