Technology

Milo JasperDecember 20, 2022
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As US lawmakers considered adding antitrust bills to the omnibus spending package, tech trade group CCIA, Meta, Amazon, and others ramped opposition to them (Wall Street Journal)

Wall Street Journal: As US lawmakers considered adding antitrust bills to the omnibus spending package, tech trade group CCIA, Meta,…
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Milo JasperDecember 20, 2022
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Auto parts maker Magna agrees to acquire a driver-assistance unit from SSW Partners for about $1.5B in cash and expects combined sales to reach $3B in 2024 (Elisabeth Behrmann/Bloomberg)

Elisabeth Behrmann / Bloomberg: Auto parts maker Magna agrees to acquire a driver-assistance unit from SSW Partners for about $1.5B…
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Milo JasperDecember 20, 2022
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The DEA finds a Mexico-based methamphetamine and cocaine gang operating across the US, Mexico, Europe, and Australia used Binance to launder $15M to $40M (Thomas Brewster/Forbes)

Thomas Brewster / Forbes: The DEA finds a Mexico-based methamphetamine and cocaine gang operating across the US, Mexico, Europe, and…
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Milo JasperDecember 20, 2022
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Amazon agrees to settle two EU antitrust cases related to third-party sellers on its platform, won't pay a fine, and will adhere to commitments for seven years (Sam Schechner/Wall Street Journal)

Sam Schechner / Wall Street Journal: Amazon agrees to settle two EU antitrust cases related to third-party sellers on its…
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Milo JasperDecember 20, 2022
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A look at Modulo Capital, a mysterious multi-strategy hedge fund founded in 2022 and based in Albany in The Bahamas, which received $400M from Alameda Research (Tracy Wang/CoinDesk)

Tracy Wang / CoinDesk: A look at Modulo Capital, a mysterious multi-strategy hedge fund founded in 2022 and based in…
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Milo JasperDecember 20, 2022
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Google settles a lawsuit with an ex-employee who said the Fellowship of Friends sect dominated a Google unit; longtime sect member Peter Lubbers leaves Google (Cade Metz/New York Times)

Cade Metz / New York Times: Google settles a lawsuit with an ex-employee who said the Fellowship of Friends sect…
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Milo JasperDecember 20, 2022
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Sources: in a first, Apple plans to move some MacBook production to Vietnam in 2023, asking Foxconn to begin as early as May, to further diversify from China (Cheng Ting-Fang/Nikkei Asia)

Cheng Ting-Fang / Nikkei Asia: Sources: in a first, Apple plans to move some MacBook production to Vietnam in 2023,…
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Milo JasperDecember 20, 2022
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Changpeng Zhao confirms Binance acquired the remaining 49% stake in Indonesia's crypto exchange Tokocrypto; the unit will cut 58% of jobs and replace its CEO (Norman Harsono/Bloomberg)

Norman Harsono / Bloomberg: Changpeng Zhao confirms Binance acquired the remaining 49% stake in Indonesia’s crypto exchange Tokocrypto; the unit…
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Milo JasperDecember 20, 2022
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Amazon quietly launches Prime Gaming in India, weeks after testing the service, offering Prime and Video subscribers access to mobile, PC, and Mac games (Manish Singh/TechCrunch)

Manish Singh / TechCrunch: Amazon quietly launches Prime Gaming in India, weeks after testing the service, offering Prime and Video…
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Milo JasperDecember 20, 2022
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Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in part to avert a $350M loan repayment to Todd Boehly's Eldridge (Nikou Asgari/Financial Times)

Nikou Asgari / Financial Times: Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in…
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