Sources: Snap plans to start laying off ~20% of its 6,400+ employees on August 31, 2022, including cuts to its hardware group; Snap stock is down ~80% in 2022
Snap's stock price has declined nearly 80 percent this year — Snap is planning to lay off approximately 20 percent …
Crypto.com sues an Australian woman after erroneously sending her AU$10.5M in May 2021 when she requested a AU$100 refund; the woman allegedly bought a house
A woman asked for a $100 refund from the crypto platform but instead received $10.5 million—and then went on a spending spree, according to reports.
Netflix hires two Snap executives to lead its ad-supported tier: Chief Business Officer Jeremi Gorman and VP of Sales for the Americas Peter Naylor
Alex Heath / The Verge :
Memo: on top of cutting 20% of its staff, Snap is canceling its original shows, in-app games, and several other projects; layoffs could save $500M annually
Snapchat's original shows, in-app games, and camera drone are no more — Snap is laying off around 20 percent of its more than 6,400 employees …
Asus Zenbook 17 Fold review: foldable OLED display with a comfortable keyboard and professional look, but $3,500 is expensive and there are software glitches
It's a 17-inch foldable that actually works — Ever since Samsung Display showed off a 17-inch foldable OLED screen last May …
Apple's VP of Corporate Development Adrian Perica has quietly left Didi's board; Perica joined the board in 2016 after Apple's $1B investment in Didi
An Apple Inc. executive has left the board of Didi Global Inc., as the Chinese ride-hailing company struggles to regain ground …
Researchers: self-harm posts are on the rise on Twitter, including graphic photos and high engagement; one hashtag grew to 30,000 tweets by July 2022
Self-harm related hashtags have increased roughly 500 percent since October, a new report says — A Twitter user in apparent distress turned …
Jon Peddie Research: discrete and integrated GPU sales fell 14.9% QoQ in Q2 2022; Nvidia's sales fell 25.7% QoQ, AMD's fell 7.6% QoQ, and Intel's fell 9.8% QoQ
Shipments of discrete desktop graphics cards down to two-year low. — Sales of graphics processing units — discrete and integrated … Source: Jon Peddie Research .
Japan's digital minister Taro Kono pledges to update rules that require floppy disks and CD-ROMs to be used when sending data to the government
Digital minister will drive change because, in theory, uploading info to government isn't allowed — Japan's digital minister Taro Kono …
Cyber insurers are failing to reduce companies' cyber risk exposure and to cover breached firms' costs after state-sponsored cyberattacks that fall short of war
Cyberinsurance doesn't cover acts of war. But even as cyberattacks mount, the definition of “warlike” actions remains blurry.
Apple debuts Xcode Cloud subscriptions for developers for up to $400/month; 25 compute hours per month is free until the end of 2023 and $15/month afterward
Apple today announced that developers can purchase subscriptions to Xcode Cloud, a continuous integration and delivery service that's built into the Xcode app.
Twitter's Elon Musk takeover saga has only amplified its problems, which stem from a broken business model at odds with the platform's freewheeling nature
Its ill-fated foray into adult content is emblematic of an unpoliceable platform — and a broken business model
California's State Senate passes an online safety bill requiring services to increase protections for users under 18; Governor Newsom must approve the bill
see below — partied?) extensively with good ole Harvey Weinstein: https://twitter.com/... @accountabletech : BREAKING: The California State Senate has passed the #CAKidsCode. This is a huge step forwa...
Klarna reports H1 revenue rose 24% YoY to ~$950M as its net loss more than trebled YoY to ~$581M, driven by admin expenses; cash reserves halved to ~$876M
Klarna Bank AB said spending on its platform increased in the first half of the year, along with losses, as it invested in expanding in the US.
Royal Caribbean Cruises partners with SpaceX's Starlink to offer internet onboard all its ships; installations are scheduled to be completed in early 2023
Jack Stebbins / CNBC :
An investigation details a huge Instagram verification scheme using fake profiles on Spotify, Apple Music, and more; Meta removes badges from 300+ accounts
ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they're published. Tweets: @craigsilverman , @blackamazon , @tariqkrim , @roble...
Twitter releases its Circle feature out of beta on iOS, Android, and the web, letting users tweet to smaller, selected groups of up to 150 people
here's how it works Karissa Bell / Engadget : Twitter Circle is launching for your hottest takes and most unpopular opinions Timi Cantisano / XDA Developers : Twitter Circle launches globally for Andr...
a16z releases a set of free “Can't Be Evil” licenses for NFTs, inspired by Creative Commons, available on GitHub
Andreessen Horowitz's crypto arm is releasing a free licensing system, aiming to help the NFT sector fulfil its “economic potential.”
Live Nation's Ticketmaster partners with Dapper Labs to release ticket NFTs on the Flow blockchain and expands its NFL partnership for NFTs to 100 games
Ticketmaster will now let event organizers issue NFTs (non-fungible tokens) tied to tickets on Flow, a blockchain operated by a16z-backed Dapper Labs.
A look at 12M+ of the 2.3B images used to train Stable Diffusion reveals ~47% came from only 100 domains; the largest number, or 8.5%, originated from Pinterest
laion-aesthetic-datasette Use Datasette to explore … Tweets: Andy Baio / @waxpancake : What images are in the massive dataset that trained the Stable Diffusion text-to-image AI model? @simonw and I ma...
Meta plans to shutter the Facebook Gaming app on iOS and Android on October 28, 2022, transferring games, content, and groups to the main Facebook app
as Facebook Gaming app is sunsetting, the VP who oversaw the org in the past has recently departed from Meta https://t.co/CAlM4ySGu4 Ryan Browne / @ryan_browne_ : Facebook is closing down Facebook Gam...
After an outcry over offering services to transphobic forum Kiwi Farms, Cloudflare says withholding services because of “despicable” content is the wrong policy
The company has faced mounting pressure to stop providing security services to Kiwi Farms, whose users regularly dox and stalk trans people.
Google says it has not yet approved Truth Social's Play Store app due to insufficient content moderation; CEO Devin Nunes said the decision “is up to Google”
China's punishing tech crackdown has undercut the industry's position as the largest and most sought-after employer, leading to high graduate unemployment rates
When Xi Jinping tightened the screws on China's technology industry last year, he escalated a jobs crisis for the youngest … Tweets: @tommackenzietv , @angelazhanghk , and @nerysinchina Tweets: Tom Ma...
Indonesia-based ESB, which provides restaurant management tools including a POS system, kitchen operations software, and an ERP system, raised a $29M Series B
Aditya Hadi Pratama / Tech in Asia :
Roper Technologies agrees to buy Frontline Education, which makes administration software for K-12 education, from PE firm Thoma Bravo in a ~$3.7B all-cash deal
Kevin Rose's NFT startup Proof announces a $50M Series A led by a16z, the NFT project Moonbirds Mythics launching in 2023, and a DAO to license Moonbirds' name
PROOF announces $50 million Series A, unveils new details around its first product … Andrew Hayward / Decrypt : Kevin Rose's Proof Raises $50M, Plots Token and Moonbirds NFT Expansion Elizabeth Napoli...
Google launches a bug bounty program for its open-source projects, offering payouts up to $31,337, one of the first open source-specific vulnerability programs
Solid, which offers APIs to integrate banking, payments, and crypto features, raised a $63M Series B led by FTV Capital, bringing its total funding to $80.7M
Solid, which rebranded from Wise in 2021, raised a $63 million Series B round of funding to continue providing its fintech …
HPE reports Q3 revenue up 1% YoY to $7B, including Intelligent Edge up 8% YoY to $941M, HPC & AI up 12% YoY to $830M, and Compute down 3% YoY to $3B
Eric J. Savitz / Barron's Online :
Indonesia's largest tech company GoTo posts a ~$955M net loss for H1 2022 and announces the acquisition of local crypto exchange Kripto Maksima Koin for $8.4M
Arno Maierbrugger / Investvine :
Android 13 review: a small update, but 2022's second after March's tablet-focused 12L update, finally brings a task manager, notification permissions, and more
Ron Amadeo / Ars Technica :
Q&A with Facebook app head Tom Alison on the needs of young adults, changes to the Feed, TikTok's influence, recommendation systems, political content, and more
Nilay Patel / The Verge : Tweets: @alexeheath , @tomalison , and @verge Tweets: Alex Heath / @alexeheath : This is the first in-depth interview with @tomalison, a longtime Facebook exec who took over...
South Korea's national statistics office: semiconductor shipments from South Korean chipmakers fell 22.7% YoY in July 2022, the first drop in almost three years
Sam Kim / Bloomberg : Tweets: @samkimasia Tweets: Sam Kim / @samkimasia : Trouble may be brewing for world semiconductor market, as Korean chipmakers report declining shipments and mounting inventori...
CrowdStrike reports Q2 revenue up 58% YoY to $535.2M, subscription revenue up 60% YoY to $506.2M, and subscription customers up 51% YoY to 19,686
Jeffrey T. Lewis / MarketWatch :
A researcher says a Chinese database of up to 800M records was exposed for months, storing names, resident ID numbers, images of faces, license plates, and more
Zack Whittaker / TechCrunch :
In a first, Comcast and Charter both failed to grow internet subscribers in Q2 2022, as T-Mobile and Verizon roll out cheaper home internet powered by 5G
Jared Newman / Fast Company : Tweets: @dsilverman Tweets: Dwight Silverman / @dsilverman : I've said before that the “killer app” for 5G isn't anything mobile: It's fixed wireless for home users. Com...
Shopify's new AI commerce stack
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