Twitter Could Go Bankrupt, Elon Says

Twitter is going to Hell in a handbasket. Wait no — that’s a dumpster. Oh look, it’s full of money. Aaannnnd it’s on fire. Apparently, things at the birdsite aren’t going so great. Actually, the so-called “microphone of the masses” is in pretty bad shape. Bad enough that genius-billionaire investor Elon Musk is reportedly telling his staff (more of whom he says he intends to lay off) that bankruptcy is now on the table.
Read more: https://gizmodo.com/twitter-could-go-bankrupt-musk-says-1849770434?source=Snapzu

Kanye West's worst nightmare is coming true — Adidas plans to sell Yeezys under new branding

Adidas intends to release more Yeezys, but without Ye, as early as next year, the company said on its quarterly earnings call November 9. Adidas began its partnership with Ye, formerly known as Kanye West, in 2013. The nine-year relationship proved to be financially successful but turbulent. Adidas ultimately cut ties with the musician and fashion designer on October 25 in the wake of antisemitic comments and a string of public criticisms from him.
Read more: https://www.businessinsider.com/adidas-to-sell-yeezys-under-new-name-after-parting-ways-with-kanye-west-2022-11?source=Snapzu

Chinese chip designers slow down processors to dodge US sanctions

Alibaba and start-up Biren Technology are tweaking their most advanced chip designs to reduce processing speeds and avoid US-imposed sanctions aimed at suppressing Chinese computing power.
Read more: https://arstechnica.com/tech-policy/2022/11/chinese-chip-designers-slow-down-processors-to-dodge-us-sanctions/?source=Snapzu

Apple Is Now Valued More Than Alphabet, Amazon and Meta Combined

Apple is now worth more than fellow tech giants Alphabet, Amazon and Meta combined, after it ended trading Wednesday with a market value of $2.307 trillion. At the same time, the market caps of its three tech giant peers added up to $2.306 trillion at the close of trading Wednesday. Google parent Alphabet's market cap stood at $1.126 trillion, Amazon's at $939.78 billion and Facebook parent Meta's at $240.07 billion, Yahoo Finance data showed.
Read more: https://www.entrepreneur.com/business-news/apple-is-now-valued-more-than-alphabet-amazon-and-meta/438474?source=Snapzu

One year later, Apple's privacy changes helped boost its own ads business, report finds

A new report examing the impact of Apple’s privacy feature, App Tracking Transparency, indicates Apple’s ads business appears to have financially benefitted as a result of the feature’s launch. Now over a year old, App Tracking Transparency, or ATT, reached mass adoption in June 2021, allowing for a comparative year-over-year analysis of the post-ATT mobile ads landscape, which finds how Apple has benefitted from the privacy update.
Read more: https://techcrunch.com/2022/09/06/one-year-later-apples-privacy-changes-helped-boost-its-own-ads-business-report-finds/?source=Snapzu

General Mills latest to halt Twitter ads as Musk takeover sparks brand exodus

Cheerios and Lucky Charms cereal company joins General Motors Co and Audi among others in pulling money from the platform
Read more: https://www.theguardian.com/technology/2022/nov/03/general-mills-twitter-ads-halt-musk-takeover?source=Snapzu

Ford takes $2.7 billion hit as it drops efforts to develop full self-driving cars

Ford is essentially pulling the plug on an effort to develop its first full self-driving car, and it's going to cost the automaker $2.7 billion to walk away.
Read more: https://www.cnn.com/2022/10/26/tech/ford-self-driving-argo-shutdown/index.html?source=Snapzu