Tech Industry Insights: IPO Ambitions and Declining Valuations

Big fine in Europe of TikTok. Apple thinks it can fix that iPhone radiation issue with a software update. The whole Unity controversy has gotten crazy. Maybe it’s a bad idea to have AI write obituaries. And, of course, the Weekend Longreads Suggestions.

Links:

• TikTok fined $379M in EU for failing to keep kids’ data safe (TechCrunch)
• Apple moves to defuse French iPhone 12 dispute as EU scrutiny steps up (Reuters)
• MGM hack followed failed bid to rig slot machines, ‘Scattered Spider’ group claims (Financial Times)
• Video-Game Company Unity Closes Offices Following Death Threat (Bloomberg)
• Microsoft Publishes Garbled AI Article Calling Tragically Deceased NBA Player "Useless" (Futurism)

Weekend Longreads Suggestions:

• Startup That Lets You Instantly Talk in Foreign Language Targets a Nasdaq IPO at $1 Billion Value (Bloomberg)
• From $1 Billion to Almost Worthless: FaZe Clan Runs Out of Hype (Bloomberg)
• The Pumpkin Spice Latte just turned 20. This is how we got here. (Washington Post)

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