Tech Brew Ride Home Thu. 01/27 – Apple To Block Block (Née Square)?
Jan 27, 2022
Apple plans to turn iPhones into payment terminals, challenging Block's Square and potentially impacting its stock. The podcast also dives into Neil Young's protest against Spotify over misinformation. OpenAI is making waves with a significant funding round, while Fireblocks sees massive growth in digital assets. Additionally, the r/anti-work subreddit goes private amid controversy, and Valve gears up to launch the Steam Deck, reflecting on changing community dynamics and technological innovations.
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Apple's Disruption of Payment Terminals
- Apple is developing a service for businesses to accept payments directly on iPhones.
- This eliminates the need for extra hardware like Square's dongle, leveraging NFC technology.
The Spotify Dilemma
- Neil Young's ultimatum to Spotify highlights a potential dilemma for the platform.
- If artists leverage controversies to leave, Spotify's podcasting strategy could be threatened.
Diem's Sale
- Meta's Diem Association is selling its technology to Silvergate Capital for around $200 million.
- Diem, initially launched as Libra, faced regulatory challenges from the start.