I asked Klarna for financial details on the partnership – unfortunately they declined to share…
@ryan_browne_
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Getir exits major markets, questioning rapid grocery delivery economics
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Getir, one of the biggest on-demand grocery delivery apps, exits the UK, Germany, Netherlands, and US to refocus on Turkey. This raises questions about the economic sustainability of rapid grocery delivery. Attention will move to GoPuff/Zapp/Flink next…
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Tech Giants Face AI Regulation Scrutiny Amid Major Partnerships
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As they say – lotta news… https://
cnbc.com/2024/04/24/mic
rosoft-amazon-ai-partnerships-face-scrutiny-from-british-regulators.html
… https://
cnbc.com/2024/04/24/kla
rna-scores-payment-deal-with-uber-ahead-of-anticipated-ipo-.html
… https://
cnbc.com/2024/04/24/tik
tok-to-suspend-tiktok-lites-reward-programme-amid-eu-concerns.html
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SEC Philippines Orders Google and Apple to Remove Binance App
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The SEC Philippines has ordered Google and Apple to remove Binance from their respective app stores to combat the crypto giant's alleged "illegal activities in the country.”
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Apple’s iPhone Sales in China Drop 19.1% Due to Huawei Competition
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Apple's China business continues to come under pressure from Huawei. Sales of iPhones in China dropped 19.1% in Q1 2024, according to @CounterPointTR
. “Huawei’s comeback has directly impacted Apple in the premium segment,” says @ivanlamtmt. Details: -
EU Warns TikTok Lite Over Addiction and Harmful Content Risks
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The EU warned it may suspend TikTok Lite, a new app from the company that offers users “rewards” for engaging with content, if it doesn’t sufficiently address potential risks around addiction and harmful content.
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Telegram Launches USDT Payments on TON Blockchain
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Telegram is launching USDT payments via the TON blockchain to let it's 900m users send each other money fast and at low cost. Stablecoins are still a little spoken about part of this crypto boom – but they're the part that show the most potential from a utility perspective.
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Dutch Government Threatens Facebook Ban Over Privacy Concerns
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New: Dutch govt threatens to stop using Facebook after regulators raised privacy red flags. "We will be forced to stop our activities on Facebook pages" unless we get clarity, @AvHuffelen said. W/ help from @April__Roach
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Meta Rolls Out Free AI Assistant Across WhatsApp Instagram Facebook
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Meta's free AI assistant is rolling out across WhatsApp, Instagram, Facebook, and Facebook, in the company's biggest push into consumer AI yet.
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Stability AI Cuts 10% Workforce After CEO Departure
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British AI startup Stability has laid off ~20 employees, or about 10% of headcount, according to internal memo shared with CNBC. Stability says the move is to "right-size" the company. It comes after the departure of controversial CEO Emad Mostaque.