Purdue pays a massive fine, and the Twitter hacker faces jail time
Good morning everyone, and welcome to hump day. It’s all downhill from here, right?
0:05- Crime pays (fines)
Late Monday evening, the Sackler family (who owns Purdue Pharma) agreed to pay $4.28Bn in settlements to resolve lawsuits revolving around their part in the opioid epidemic in America. The amount will be paid in installments over the next decade, and will be used by the government to fund opioid abatement programs across the US. While they still deny any wrongdoing, Purdue Chairman, Steve Miller, issued a statement yesterday saying, “With drug overdoses still at record levels, it is past time to put Purdue’s assets to work addressing the crisis.”
Last summer, Graham Ivan Clark orchestrated one of the largest Twitter hacks ever that saw him take over accounts with millions of followers such as Apple, Elon Musk, Bill Gates, Barack Obama, Joe Biden and more. As part of his scam, he asked users to send Bitcoin to his own personal wallet with the premise of the money being doubled, during which he netted over $100k. Clark has since been in jail for the past 229 days following his arrest, but got formally sentenced to only three years in prison yesterday as he was only 17 at the time of the crime, making him eligible to be charged as a “youthful offender.”
0:58- Russian iPhone apps?
Beginning next month, Apple will allow the Russian government to preload iPhones sold in the country with apps of their selection. Fortunately, users will be able to delete them during start-up or at any point after the fact, but this still marks the first time Apple has allowed any other entity to select apps for users, a practice that is common on many Android phones.
1:15- Sacrificing for speed
Yesterday Nokia announced that they are planning to cut up to 11% of their global workforce over the next two years in an effort to offset the higher than expected costs of its 5G investment. The change in personnel in the company will likely lower its base cost by around $700M, and help the company compete with other hardware producers, something that it has struggled with recently as its market share has dropped over the past three years.
Have a great rest of your day, and we’ll see you tomorrow bright and early!
-The 90 Second News Team
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