Amazon, Nike, Best Buy, Twitch, and other big brands removed the ability to sign in with Facebook in recent years, some executives say due to privacy concerns (Jonathan Vanian/CNBC)

Kim Bhasin / Bloomberg:
Nike is launching .Swoosh, an online store and trading platform for the brand’s virtual sneakers, with the first collection to debut in January 2023  —  Nike Inc. is opening an online store and trading platform for virtual sneakers as management pumps investment into the metaverse.

Twitch Blog:
Starting June 1, 2023, Twitch says subscription revenue above $100K will be split 50/50, not 70/30, for streamers on premium deals, citing hosting costs  —  Hello, Twitch community.  I’m Dan Clancy, President of Twitch and responsible for the day-to-day operations of the service.

Cheng Ting-Fang / Nikkei Asia:
Sources: Dell aims to stop using chips made in China by 2024 and tells suppliers to significantly reduce the number of all China-made components in its products  —  ‘This trend looks irreversible,’ supplier exec says of tech industry’s production shift  —  TAIPEI — U.S. computer maker Dell aims …

Brody Ford / Bloomberg:
Dell agrees to pay $1B to settle a shareholder lawsuit over a $23.9B stock conversion in 2018; investors alleged the transaction was billions below market value  —  Dell Technologies Inc. agreed to pay $1 billion to settle a shareholder lawsuit relating to a controversial 2018 stock conversion transaction.

Jonathan Vanian / CNBC:
Amazon’s senior VP of global media and entertainment Jeff Blackburn will leave in early 2023; Blackburn left Amazon in February 2021 and rejoined in May 2021  —  – Blackburn will remain at the company through early 2023 to “ensure a smooth transition.”  — Blackburn joined Amazon in 1998 …

Jonathan Vanian / CNBC:
Sources: Elon Musk is now in charge of Twitter; CEO Parag Agrawal and CFO Ned Segal have left the company’s San Francisco headquarters and will not be returning  —  – CNBC’s David Faber reported that Tesla CEO Elon Musk is now in charge of Twitter.  — Twitter CEO Parag Agrawal …