Economy

The crypto market
FI warns of investments in crypto: "Very risky"

The Financial Supervisory Authority comes out and warns against investing in cryptocurrencies after a lot of tips have been rampant in social media lately.

- The market fluctuates greatly and it is difficult to value most crypto assets in a safe way. The risk of losing one's money is great, says Charlotte Fried, Unit Manager for Payment Analysis and Policy at FI in a statement.

FI writes that it is about "very risky" investments - even though regulations are underway - and lists four reasons to avoid them. Among these are negative environmental impact and risk of financing terrorism.
FI: Reasons not to invest in crypto
• Consumers are poorly protected – crypto-assets are currently unregulated and in most cases are outside FI's supervision.
• The price of crypto assets fluctuates extremely quickly.
• Negative environmental impact – the mining of Bitcoin and some other crypto-assets involves a high use of electricity.
• Crypto assets are used for money laundering and terrorist financing.
Source: The Swedish Financial Supervisory Authority

*******************

Tesla's future
Leaked email: Tesla cuts ten percent of workforce

Tesla will lay off at least 10 percent of its global workforce, reports the industry site Electrek, which has seen an internal email from Elon Musk.

The electric car giant had over 140,000 employees at the end of 2023.

“There is nothing I hate more, but it has to happen. This will allow us to be more lean, innovative and hungry for the next phase of growth," writes the Tesla manager in the email sent to the company's employees.

Earlier in the day, rumors abounded that 20 percent of the workforce, equivalent to 28,000 employees, could be subject to layoffs.

*********************

Tech
576,000 accounts affected after cyberattack on Roku

Roku - which makes both hardware and software in the smart TV segment - has suffered its second major cyber breach in two months. This is reported by Engadget.

This time no less than 576,000 accounts are affected.

Roku believes that it could be so-called "credential stuffing", which would mean that the people who committed the breach have used login details that were stolen from another source.

Roku has now reset the passwords for all affected accounts, and informed users. Roku has also enabled two-step verification for all 80 million accounts that are active.

*******************

Tech
IDC: iPhone shipments down - Chinese challengers on the rise

Apple accounted for a decrease in the number of deliveries of iPhone units in the first quarter of the year, compared to the same period in 2023. This is shown by recent figures from the research company IDC, which notes 50.1 million deliveries this year, which should be compared with last year's 55.4 million. That's what CNBC writes.

Apple thus accounted for the biggest loss of the five major manufacturers, and it is above all the Chinese challengers who are making strong progress. Xiaomi and Transsion are two clear examples. Xiaomi is noted for an increase of 33.8 percent compared to 2023, while Transsion increased its deliveries by a whopping 84.9 percent.
Globally, deliveries increased by 7.8 percent compared to the same period in 2023