IRS Seizes Another Silk Road Hacker's $3.36 Billion Bitcoin Stash. The legendary dark web market for drugs known as the Silk Road was designed to be an anarchic underworld economy that evaded all government control. Instead, years after it was torn offline, it's proven to be the IRS's gift that keeps on giving. (Andy Greenberg / WIRED)
China's Business Elite Sees the Country That Let Them Thrive Slipping Away. For decades, China's business class had an unspoken contract with the Communist Party: Let us make money and we'll turn a blind eye to how you use your power. Like most Chinese people, they bought into the party's argument that its one-party rule… (Li Yuan / The New York Times)
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Musk discusses putting all of Twitter behind a paywall. If Friday brought massive layoffs to Twitter, Monday brought fresh evidence that the company will never be the same. Musk has discussed putting the entire site behind a paywall, Platformer has learned. Meanwhile, the company is scrambling to lure… (Casey Newton / Platformer)
YouTube Shorts are coming to your TV - and taking over the platform. YouTube Shorts is working. That much Todd Sherman knows for sure. Sherman, the product manager behind YouTube's endless-scrolling short-form TikTok competitor, is quick to quote the numbers: 1.5 billion users a month are watching Shorts, and… (David Pierce / The Verge)
Apple Built Its Empire With China. Now Its Foundation Is Showing Cracks.. Every September, Apple unveils its latest phones at its futuristic Silicon Valley campus. A few weeks later, tens of millions of its newest handsets, assembled by legions of seasonal workers hired by its suppliers, are shipped from Chinese… (Tripp Mickle, Chang Che, Daisuke Wakabayashi / The New York Times)
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