Carly Nairn, Courthouse News Service:

U.S. District Judge Phyllis Hamilton said in a 25-page ruling that there was evidence NSO Group’s flagship spyware could still infiltrate WhatApp users’ devices and granted Meta’s request for a permanent injunction.

However, Hamilton, a Bill Clinton appointee, also determined that any damages would need to follow a ratioed amount of compensation based on a legal framework designed to proportion damages. She ordered that the jury-based award of $167 million should be reduced to a little over $4 million.

Once again, I am mystified by Apple’s decision to drop its suit against NSO Group. What Meta won is protection from WhatsApp being used as an installation vector for NSO’s spyware; importantly, high-value WhatsApp users won a modicum of protection from NSO’s customers. And, as John Scott-Railton of Citizen Lab points out, NSO has “an absolute TON of their business splashed all over the court records”. There are several depositions from which an enterprising journalist could develop a better understanding of this creepy spyware company.

Last week, NSO Group confirmed it had been acquired by U.S. investors. However, according to its spokesperson, its “headquarters and core operations remain in Israel [and] continues to be fully supervised and regulated by the relevant Israeli authorities”.

Lorenzo Franceschi-Bicchierai, TechCrunch:

NSO has long claimed that its spyware is designed to not target U.S. phone numbers, likely to avoid hurting its chances to enter the U.S. market. But the company was caught in 2021 targeting about a dozen U.S. government officials abroad.

Soon after, the U.S. Commerce Department banned American companies from trading with NSO by putting the spyware maker on the U.S. Entities List. Since then, NSO has tried to get off the U.S. government’s blocklist, as recently as May 2025, with the help of a lobbying firm tied to the Trump administration.

I have as many questions about what this change in ownership could mean for its U.S. relationship as I do about how it affects possible targets.

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Last month, the Information reported OpenAI was considering buying io Products — unfortunate capitalization theirs — for around $500 million. The company, founded by Jony Ive and employing several ex-Apple designers and engineers, was already known to be working with OpenAI, but it was still an external entity. Now, it is not, to the tune of over $6 billion in equity.

OpenAI today published a press release and video — set in LoveFrom’s distinctive proprietary serif face — featuring Ive and Sam Altman in conversation. There is barely a hint of what they are working on but, whether because of honesty or just clever packaging, it comes across as an earnest attempt to think about the new technologies OpenAI has successfully brought to the world as part of our broader cultural fabric. Of course, it will be expressed in something that can be assembled in a factory and sold for money, so let us not get too teary-eyed. We have heard a similar tune before.

The video promises revealing something “next year”.

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Kurt Wagner and Katie Roof, Bloomberg:

Elon Musk said his xAI artificial intelligence startup has acquired the X platform, which he also controls, at a valuation of $33 billion, marking a surprise twist for the social network formerly known as Twitter.

This feels like it has to be part of some kind of financial crime, right? Like, I am sure it is not; I am sure this is just a normal thing businesses do that only feels criminal, like how they move money around the world to avoid taxes.

Wagner and Roof:

The deal gives the new combined entity, called XAI Holdings, a value of more than $100 billion, not including the debt, according to a person familiar with the arrangement, who asked not to be identified because the terms weren’t public. Morgan Stanley was the sole banker on the deal, representing both sides, other people said.

For perspective, that is around about the current value of Lockheed Martin, Rio Tinto — one of the world’s largest mining businesses — and Starbucks. All of those companies make real products with real demand — unfortunately so, in the case of the first. xAI has exactly one external customer today. And it is not like unpleasant social media seems to be a booming business.

Kate Conger and Lauren Hirsch, New York Times:

This month, X continued to struggle to hit its revenue targets, according to an internal email seen by The New York Times. As of March 3, X had served $91 million of ads this year, the message said, well below its first-quarter target of $153 million.

This is including the spending of several large advertisers. For comparison, in the same quarter in the pre-Musk era, Twitter generated over a billion dollars in advertising revenue.

I am begging for Matt Levine to explain this to me.

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