Sarah E. Needleman / Wall Street Journal:
Roblox rolls out parental controls and gatekeeping features, like letting parents link accounts with a child and banning text chat for under 13s outside games — Videogame company has denied the allegations and says the new protections were planned before a short seller’s report
PitchBook: in 2023, US VCs returned $26B worth of shares back to investors, the lowest amount since 2011, and invested $60B more than they collected, a record (Berber Jin/Wall Street Journal)
Berber Jin / Wall Street Journal:
PitchBook: in 2023, US VCs returned $26B worth of shares back to investors, the lowest amount since 2011, and invested $60B more than they collected, a record — Investors hope the Trump administration will make tech acquisition deals easier — Silicon Valley’s venture-capital firms …
Xiaomi reports Q3 revenue up 31% YoY to ~$12.8B, above ~$12.4B est., and a ~$738.5M net income, above ~$653M est., buoyed by growing smartphone and EV sales (Bloomberg)
Bloomberg:
Xiaomi reports Q3 revenue up 31% YoY to ~$12.8B, above ~$12.4B est., and a ~$738.5M net income, above ~$653M est., buoyed by growing smartphone and EV sales — – Xiaomi again raises delivery target for SU7 sedan for 2024 — Handset shipments grow thanks to continued industry recovery
How Substack is betting on politics content and recruiting stars like Nate Silver, as profits remain elusive; sources: Elon Musk sought to buy it in April 2023 (New York Times)
New York Times:
How Substack is betting on politics content and recruiting stars like Nate Silver, as profits remain elusive; sources: Elon Musk sought to buy it in April 2023 — The newsletter start-up, which once drew an overture from Elon Musk, is betting on politics content and recruiting stars.
Tim Berners-Lee’s Inrupt begins an early trial of its digital wallet in Belgium to help deliver social services to 7M citizens, as he worries over AI’s rise (Parmy Olson/Bloomberg)
Parmy Olson / Bloomberg:
Tim Berners-Lee’s Inrupt begins an early trial of its digital wallet in Belgium to help deliver social services to 7M citizens, as he worries over AI’s rise — The inventor of the World Wide Web is on a laudable mission to give everyone control of their online data. He’s fighting an uphill battle.
Samsung unveils a $7.2B share buyback plan, its first since 2017, aimed at boosting its stock, which has fallen 30%+ in 2024 on concerns over Chair Lee Jae-yong (Financial Times)
Financial Times:
Samsung unveils a $7.2B share buyback plan, its first since 2017, aimed at boosting its stock, which has fallen 30%+ in 2024 on concerns over Chair Lee Jae-yong — First repurchases in seven years are aimed at boosting stock and may help avoid margin call for founding family
Sources and ads: Foxconn tells recruiters that help hire iPhone assembly workers in India to remove age, gender, and marital criteria and its name from ads (Reuters)
Reuters:
Sources and ads: Foxconn tells recruiters that help hire iPhone assembly workers in India to remove age, gender, and marital criteria and its name from ads — Apple supplier Foxconn has ordered the hiring agents that help recruit iPhone assembly workers in India to remove age …
How Wall Street is preparing to cash on AI hysteria; analysis say delivering on AI’s promise will require $1T+ for data centers, electricity, and more (Bloomberg)
Bloomberg:
How Wall Street is preparing to cash on AI hysteria; analysis say delivering on AI’s promise will require $1T+ for data centers, electricity, and more — Finance’s marquee names are ready to gatecrash the artificial-intelligence party. — At a dinner hosted by some of Morgan Stanley’s top bankers …
Q&A with The Verge EIC Nilay Patel on upcoming FCC chair Brendan Carr, the alliance between Trump and Musk and how it threatens the First Amendment, and more (Oliver Darcy/Status)
Oliver Darcy / Status:
Q&A with The Verge EIC Nilay Patel on upcoming FCC chair Brendan Carr, the alliance between Trump and Musk and how it threatens the First Amendment, and more — “All of these men are now hopelessly trapped in a problem their own platforms and algorithms created.”
Chinese smartphone manufacturers are ramping up their efforts in Europe to grab marketshare from Apple and Samsung with tech such as foldable devices (Financial Times)
Financial Times:
Chinese smartphone manufacturers are ramping up their efforts in Europe to grab marketshare from Apple and Samsung with tech such as foldable devices — Realme, Oppo and Honor are looking to challenge Samsung and Apple on the continent with fancier handsets
