Tech Brew Ride Home Mon. 08/08 – What Data Is Telsa Collecting On You?
Aug 8, 2022
Masa Son faces another setback with record losses at SoftBank. The U.S. Treasury takes action against the cryptocurrency mixer Tornado Cash. Netflix's venture into gaming shows mixed results, while HBO Max and Discovery Plus plan to merge into a single platform. Security challenges are highlighted by a breach at Twilio. Meanwhile, Tesla's extensive data collection practices raise questions about privacy, as the company tracks driving behavior and gathers detailed information from its vehicles.
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SoftBank's Vision Fund Loss
- SoftBank's Vision Fund reported a substantial $17.23 billion loss in Q1 2022, following a record loss in Q4.
- Masayoshi Son admitted overvaluation within the tech portfolio, causing significant financial setbacks.
Sanctioning Tornado Cash
- The U.S. Treasury sanctioned Tornado Cash, a cryptocurrency mixer, for its use in high-profile hacks and money laundering.
- This action marks a significant step in regulating decentralized finance (DeFi) platforms.
Twilio Phishing Attack
- Twilio suffered a phishing attack, compromising some customer account information.
- The attackers targeted employees' credentials through SMS messages impersonating Twilio's IT department.