• Bay Area Times
  • Posts
  • Apple resumes Watch sales after ban is put on hold by Court of Appeals

Apple resumes Watch sales after ban is put on hold by Court of Appeals

Brought to you by:

Click to subscribe to the newsletter read by 85K+ CEOs and leaders.

Top stories today:

  1. Apple resumes Watch sales after ban is put on hold
  2. NYT sues OpenAI, Microsoft for copyright infringement
  3. Social media generates $11B in ad revenue from minors: study
  4. LinkedIn's ad revenue +10% to $4.0B in 2024
  5. Unicorn funding drops to $78B in 2023, lowest since 2016

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).

No major news event today, in this slow-news, end-of-year holidays week.

1. Apple resumes Watch sales after ban is put on hold by Court of Appeals

  • Masimo CTO Marcelo Lamego joined Apple in 2014 but left a few months later. He “produced and authored key intellectual property related to bio-sensing,” according to his LinkedIn.

    • Masimo's view is that he was hired to copy and patent the blood oxygen sensing technology and left shortly after that.

2. NYT sues OpenAI, Microsoft for copyright infringement over AI training data

The lawsuit includes evidence showing GPT-4 output being copied verbatim from NYT training text

Our view: the ideal solution is for AI companies to improve the attribution capabilities of their models

  • Linking out to sources (similarly to what Perplexity AI does), and stopping AI models from copying training content verbatim.

  • Yet, the training per se should be not considered copyright violation, as that process is similar to that of a person reading a book, and such a legal stance would radically decelerate AI development.

  • There's a reason why 85,000 CEOs who don't have time to read business news all day, get caught up with THE CEO REPORT every evening.

  • If you want to get the no-fluff business-only daily recap newsletter 100% free, just tap here.

*Sponsored. Click the links to subscribe to The CEO Report's free newsletter.

4. Social media generates $11B in ad revenue from minors: study

Instagram, YouTube, and TikTok led the way:

5. LinkedIn's ad revenue +10% to $4.0B in 2024, as X advertisers flee

6. Unicorn funding drops to $78B in 2023, lowest since 2016

Tiger, the top unicorn funder in 2021 (193), dropped investments by 99% (now 2)

7. U.S. EV sales +42% YoY in Nov., rapid pace but slower than previously

8. Global bonds +9.5% in 2 months, 30-year record

9. JPMorgan expands lead as largest, most profitable U.S. bank

In $ of assets in their balance sheets:

10. Interesting videos, posts, and memes

11. Other headlines


  • SoftBank gets $7.6B in free T-Mobile U.S. shares, stock +7%.

  • Amazon Video's ad-free version to cost $2.99/mo.

  • Vision Pro gets new patents: cover, new battery design.

  • The CEO Report: become a better leader by subscribing, 100% free.*

  • toddle: no-code tool to develop web apps 10x faster. Use coupon: BAYAREA10*


Tech & law

  • GM Cruise sues SF over $108M tax bill, citing de minimis revenue.



  • Iran, Russia ditch USD, to use local currencies for trade.

  • FCC rejects call for deregulation of TV, radio ownership.

  • Bonner Private Wines: remote wines delivered to your doorstep.*



  • MicroStrategy buys 14.6K BTC, now owning 190K ($8B), 1% of total.

  • Scammer, hackers stole $2B of crypto in 2023, from $4B in 2022.

  • Vitalik proposes change to Ethereum's proof-of-stake model.

U.S. politics

  • CO GOP asks SCOTUS to urgently revert Trump's disqualification.

  • Boebert switches districts to one more favorable to GOP.

  • Jack Smith asks judge to block Trump from using political arguments.

  • Christie pushes back on calls for drop-out in 7-figure NH ad buy.

  • House GOP asks Biden whether he knew about Hunter's subpoena defiance.

  • Trump's reposts, likes on Truth Social lags behind Twitter days.

  • 20% of 18-29 have positive view on Bin Laden: poll.


  • Houthis continue to launch drones, missiles, as U.S. force destroy them.

  • IDF: time running out for diplomatic solution with Hezbollah.

  • China has built AI system to track American spies and others: U.S.

  • Milei sends Congress extensive reform bill, including 41 privatizations.

  • Russia: we have money to increase defense from $71B to $119B/year.

  • Taiwan VP hopeful calls for sovereign wealth fund.

Was this newsletter forwarded to you? Sign up here. Liked it? Forward it to friends and get rewards (see below).

What did you think of today's newsletter?

Login or Subscribe to participate in polls.

Disclaimer: The Bay Area Times is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. You should do your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Bay Area Times team.

Please read our Terms of Service and our Privacy Policy before using Our Service.

Subscribe to keep reading

This content is free, but you must be subscribed to Bay Area Times to continue reading.

Already a subscriber?Sign In.Not now