Apple said Sunday that it will ship fewer iPhone 14 Pro and Pro Max smartphones than it had anticipated because of COVID-19 restrictions at a plant in Zhengzhou, China, that have "significantly reduced" manufacturing output.
Why it matters: The move will have a significant impact on Apple's quarterly sales and make it harder for consumers to get their hands on Apple's high-end models.
Former Cybersecurity and Infrastructure Security Agency Director Christopher Krebs said Sunday on "Face the Nation" that Twitter's $7.99 monthly subscription service could sow discord ahead of the upcoming midterms by opening up the platform to a "broader community of influencers, clout chasers, election denialists."
Driving the news: The Twitter Blue subscription will now offer blue checkmarks — typically a sign of credibility — to new users signing up for the platform, according to an Apple app store update issued Saturday.
A public market crash, geopolitical turmoil, soaring global inflation and U.S. interest rates don’t seem to have lessened optimism among European venture capitalists for investing in the near term.
Why it matters: European VCs have historically been more conservative than their American counterparts — but that may be changing.
As the annual tech startup conference, with its 71,000 attendees,drew to a close on Friday, I caught up with co-founder and CEO Paddy Cosgrave.
The big picture: “I think the West is just going through an uncontrolled demolition of venture capital,” says Cosgrave, adding that China was early in spotting the bubble and pivoting away from internet companies.
Advertisers are slowing or pausing their Twitter buys as companies grow frustrated with Elon Musk's moves.
Why it matters: Sources have told Axios that Musk wants to make subscriptions a bigger revenue stream for Twitter, but building that business will take time, and for now, advertising remains the way Twitter keeps its lights on.
President Biden said Friday that Elon Musk has purchased a social media company that "spews lies" around the globe.
The big picture: Twitter laid off as many as 3,700 people Friday — about half of its staff — but said the cuts were smaller for the team in charge of preventing the spread of misinformation, per Reuters.
Twitter is launching a $7.99 monthly subscription that comes with a blue checkmark next to users' names, per the latest Apple app store update Saturday.
Driving the news: The company is offering the blue check marks "just like the celebrities, companies and politicians you already follow" to users who "sign up now."
