🕹 I Make Video Games. I Won't Let My Daughters Play Them
Plus: Celsius Network founder withdrew $10mn ahead of bankruptcy, Google shuts down Translate service in China, and more…
Today’s pick
I Make Video Games. I Won't Let My Daughters Play Them. Gov. Gavin Newsom of California has just signed legislation that would require social media companies to make sure new products won't be harmful to minors. The focus is on Big Tech and social media apps like Facebook, Instagram and TikTok. Flying… (William Siu / The New York Times)
Celsius Network founder withdrew $10mn ahead of bankruptcy. Scrutiny of Alex Mashinsky grows after crypto lender was left with hole in balance sheet Celsius Network founder Alex Mashinsky withdrew $10mn from the crypto lender just weeks before the company froze customer accounts as it spiralled towards… (Kadhim Shubber via Financial Times)
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Google shuts down Translate service in China. Alphabet's Google on Monday said it shut down the Google Translate service in mainland China, citing low usage. It marks the end of one of Google's last remaining products in the world's second-largest economy. Google has a very limited presence in… (Arjun Kharpal / CNBC)
Sony Betting Big on Next VR Headset With Increased Production Plan. Sony Group Corp. plans to make 2 million units of the PlayStation VR2 headset by March next year, people familiar with the matter said, setting an ambitious outlook that defies the global economic malaise. Mass production of the virtual reality… (Takashi Mochizuki / Bloomberg)
Kim Kardashian pays over $1 million to settle SEC charges linked to a crypto promo on her Instagram. Kim Kardashian agreed to pay more than $1 million to settle SEC charges for failing to disclose a payment she received for touting a crypto asset on Instagram. She also agreed not to promo crypto assets for three years, and will cooperate with an… (Mike Calia / CNBC)
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