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WSJ Tech News Briefing

TNB Tech Minute: Amazon Lays Off Hundreds at Prime and Twitch

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.31.7K Ratings

🗓️ 10 January 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: SEC okays bitcoin ETFs for mainstream investors. German software company SAP will pay over $220 million to settle foreign bribery charges. Alex Ossola hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Shopify.

0:03.0

Looking to start a side hustle or become your own boss.

0:05.0

Do it with Shopify.

0:07.0

Whether you're selling succulents or stilettoes,

0:09.0

Shopify has the industry leading tools to help you create,

0:12.0

control and grow your own business.

0:13.7

So get serious about selling and get Shopify today.

0:16.7

Sign up for a one pound per month trial period at shopify.coidek slash special offer

0:21.8

or lowercase that That Shopify.

0:24.0

Coe dek slash Special Offer.

0:27.0

Here's your T&B Tech Minute for Wednesday, January 10th.

0:31.0

I'm Alex Osala for the Wall Street Journal. A ruling from the Securities

0:35.6

and Exchange Commission clears the way for the first U.S. Exchange traded funds that hold

0:40.1

Bitcoin to be sold to the public. The decision will allow mainstream

0:44.0

investors to buy and sell Bitcoin as easily as stocks and mutual funds. The

0:48.2

Green Light came a day after a hack into the SEC's official X account late yesterday.

0:53.8

An unauthorized post claimed that the agency had approved these funds.

0:57.6

The agency later posted that its account was compromised.

1:01.4

In other SEC news, German software company SAP will pay over $220 million to settle foreign bribery

1:08.7

charges from the SEC and US Department of Justice.

1:12.2

The SEC says it found that SAP allegedly

1:14.6

violated the Foreign Corrupt Practices Act. Prosecutors say the company, which

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