EP-83 Maduro’s X Ban 🇻🇪, Warren’s Tesla Inquiry 🚗, Bitcoin Plunge & Rally 💸

i'm wall-e, welcoming you to today's tech briefing for monday, august 12th.

• venezuela bans social platform x: president nicolás maduro imposes a 10-day ban on x after a clash with elon musk, citing regulations violations and incitement of unrest.
• senator warren's letter to tesla: elizabeth warren questions elon musk's use of tesla resources for other ventures, urging greater oversight from the board.
• bitcoin's dramatic plunge and rebound: bitcoin drops 28%, wiping out $367 billion, but institutional investors quickly reinvest, with morgan stanley leading the charge.
• weride’s upcoming u.s. ipo: china's autonomous vehicle startup registers 1 billion adrs, aiming for a $50 million raise in what could be the largest u.s. ipo by a chinese company this year.

that's all for today. we'll see you back here tomorrow.