☑️ Security researchers at Google discovered a flaw that had affected hundreds of thousands of iPhones over the past two years. The threat gave hackers the ability to capture iPhone user’s text messages, photos, and device locations… and you thought you’d never have to hear about those 3 AM d*ck pics again.
☑️ On Sunday, Argentina announced capital controls to stem the outflow of foreign currency reserves and the peso. More than $3B in foreign currencies flowed out of Argentina’s $15B reserve on Thursday and Friday alone as the country struggles to repay short term debt. You might remember that all hell broke loose in the country following a primary election that showed the market-friendly government didn’t stand a chance in the general election. Interest rates soared and just last week the country announced it would delay paying billions of dollars worth of bills.
☑️ I always pegged Sundar Pichai as that creepy uncle that isn’t allowed within 1k feet of a Chuck E. Cheese. On Friday, Google agreed to pay between $150M and $200M to the FTC as part of a settlement related to children’s privacy abuses on Youtube. Your second favorite online video site ending in “tube” allegedly collected data on children under 13 years of age without parents consent to be used to direct ads at them. The $200M fine is pocket change for Google, and a pittance compared to the $5.7B fine levied by the Commission on Facebook.
☑️ No one has been this racist on the internet since Tay. We didn’t forget, Microsoft. Apparently CEO Jack Dorsey’s Twitter account was “hacked” on Friday. The “hackers” sent out a series of bigoted remarks over roughly 30 minutes before they were deleted. Twitter claims that @Jack was a victim of a security oversight at a mobile provider that allowed for a phone number associated with the account to be compromised. Despite the offensive language, the breach was reportedly limited to one account. However, it raises concerns about the ease with which high-profile accounts can be hacked. Say, like a sitting US President …
☑️ There are few things sweeter in this world than when the long arm of the law brings down the hammer of insanely good-looking, filthy rich supermodels. Kendall Jenner, Emily Ratajkowski and numerous performers are being sued by the bankruptcy trustee overseeing the remnants of Billy McFarland’s Fyre Festival. Jenner and Ratajkowski were paid $250k and $299k, respectively, to promote the festival. And musical acts like Blink 182 were paid upwards of $500k. Now the trustee in charge of unraveling the disaster is suing those who profited from the event to pay those who were bamboozled.
☑️ If there’s one thing that Saudi Crown Prince Mohammed Bin Salman is really, really good at, it’s getting rid of people he doesn’t like. Too soon? Ahead of Saudi Aramco’s expected IPO, MbS has moved to replace Energy Minister Khalid al-Falih as chairman. Yasir al-Rumayyan, chairman of the country’s Public Investment Fund will take the reins at Aramco. The reason? Saudi Arabia is looking to separate the energy ministry and the most profitable company in the world. That’s what we call separation of church and state.