Techstrong News Recap – March 27, 2023

Hi again, everyone here the headlines from March 27th. First up. The CEO of tiktok shows The Chew was questioned by us lawmakers during a Committee hearing about data security and harmful content last Thursday.

Lawmakers from both parties, press two on a range of topics including content moderation practices securing American data from Beijing inspiring on journalists. The hearing was described as a disaster for tiktok by some analysts who believe that a band on the app is more likely if the company doesn't separate from his Chinese parent company. Choose appearance came out of critical time for the social media platform, which is under increasing pressure from the US officials.

However, a complete ban of tiktok could trigger political and popular backlash with a dozen civil rights and Free Speech activists organizations opposing the wholesale ban arguing it would set a dangerous precedent for restriction of speech. Next the value of coinbase is shares dropped 15% following a warning from the SEC that maybe subject to security charges the wells notice received by coinbase from the SEC suggests that the agency believes that laws safe guarding investors have been violated. One of the concerns raised by the SEC is the coinbase's practice of staking or putting up crypto to verify the blockchain which is part of the company's coinbase earn program.

According to the SEC coinbase and other similar platforms must be registers as security Platforms in order to provide such services and only after being approved by the sec's division of Corporation Finance. The wells notice also touched on parts of its non-custodial wallet. Queen business stated that while the wells notice identified potential violations it lack specificity.

This is the latest in a long string of charges taking in the crypto industry by the SEC hitting company such as crotonic Kraken Gemini BK coin in nexo by the looks of it though. The SEC might just be winding up for more regulations. In other news Apple increases investment to 1 billion dollars per year to produce movies for theatrical release.

Apple is approached movie studios to partner on releasing films this year including highly anticipated titles. This marks a significant shift from previous years where the most of the original movies and content were either exclusive to the streaming service or limited box office releases. The company aims to release its movies and thousands of theaters for at least a month in order to build its TV plus streaming service.

The move comes at a time when theaters are still struggling to recover from the pandemic with ticket sales being around a third below pre-pandemic levels. Apple's push towards Cinema is expected to boost theater chains like AMC and cineworld which is suffered financially during this time. Other streaming services like Amazon Netflix Disney plus and Warner Brothers Discovery Inc are also investing in movies for theatrical release to compete for subscribers and build their exclusive content libraries.

Amazon which recently acquired Metro Goldwyn Mayer plans to release 12 to 15 movies annually for theatrical release. Next up the convenience store. Giant 7-Eleven has launched its EV fast charging Network and app 7 charge.

The network is currently operational at select 711 stores in the US in the company plans to expand this to Canada. 7-Eleven aims to become one of the largest and most compatible EV fast charging networks among retailers in North America. Using the app EV drivers can pay for their charging sessions with pricing based on energy consumed or time spent charging depending on state laws.

Any EV make and model with a combined charging system plug type in an adapter can use the seven charge Network? This being said 7-Eleven is not the first company to implement a EV charging system other major US chains such as Walmart Kroger and Taco Bell have installed EV charging stations in order to address the growing demand for EV charging infrastructure. com.

We've an article looking at a survey showing application modernization challenges the survey which was conducted by global surveys research found that 51% of respondents are already or expect to face issues with regards to application modernization in 81% found that they currently have trouble finding the talent to complete the organizations application modernization. com. On digital cxo we've been article looking at how to gain Traction in speed in the age of digital transformation the article looks at a survey conducted by Gartner showing how to deliver digital dividends with tech Investments as well as using NASCAR as a case study for digital transformation.

com finally on Security Boulevard. We've an article looking at whether or not sharing information with others could be used to break. com.

And that's today's texturing news recap.