Elon Musk says a ~50% ad revenue drop and a heavy debt load kept Twitter cash flow negative; he said in March 2023 the company could be cash flow positive in Q2
Elon Musk said Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load.
Bluesky adds the N-word to a “reserved” words list, after users reported that some usernames include the slur, highlighting the site's ongoing moderation issues
The oversight highlighted an ongoing moderation issue at the platform. — Before this week, Bluesky …
Sony and Microsoft sign a deal to keep Call of Duty on PlayStation after the acquisition of Activision Blizzard, ending a bitter battle between the companies
Sony has agreed to a deal for Call of Duty with Microsoft. Microsoft Gaming CEO Phil Spencer says Sony and Microsoft have agreed to a …
Microsoft's disclosures about Chinese government hackers accessing US government email accounts try to obscure the role of the company's zero-days in the breach
Critics also decry Microsoft's “pay-to-play” monitoring that detected intrusions. — On Friday, Microsoft attempted to explain …
The US SEC acknowledges BlackRock's and Bitwise's spot bitcoin ETF applications, indicating the commencement of the official review process for the proposals
The SEC's acknowledgment indicates the commencement of the official review process for BlackRock's ETF proposal. — 2279 Total views
Sources: Mike Rockwell's division is now called Vision Products Group, hinting at an organizational change at Apple; Apple may hold an October event for M3 Macs
Apple's new Vision Products Group reflects a shift away from its famed product-development process.
Brave appears to be selling copyrighted data for AI training and giving third parties the “rights” to that data, while not disclosing its own robot crawler
And even though there are some concerns about the type of data that was used [...] — I'm fairly certain … Mastodon: @the_turtle@mastodon.sdf.org , @derekmceachern@infosec … , and @carnage4life@mas.t...
Larry “Major Nelson” Hryb, Xbox's senior director of corporate communications, is leaving Microsoft after 22 years to “work on the next chapter of my career”
But I can't help but feel his communication style held back the brand's image to an extent. Very traditional media, very American... it was hard to connect. — #Xbox #gaming #gamingnews … Twitter: @...
After DVDs and streaming, Netflix gears up for what appears to be its third and most ambitious act: video games, with 67 in its library and 86 in development
First came DVDs. Then came streaming movies and TV. Now, Netflix is betting big on video games—and new release 'Oxenfree II …
The UK CMA pushes back its July 18 deadline to block Microsoft's Activision Blizzard acquisition to August 29, which could mean the deal closes within six weeks
Tim Bradshaw / Financial Times :
Twitter could become irrelevant if the trends driving Threads' success, like network effects, Elon Musk's self-inflicted wounds, and a different vibe, persist
@Techmeme https://techhub.social/... Christopher Mims / @mimsical@mastodon.social : There's been a lot of chatter over the past week about what's happening to Twitter's traffic and engagement, as well...
A look at ~123 real-time crime centers in the US that use CCTV, facial recognition, and social media monitoring, as critics warn of creeping surveillance
Cities across the US have established RTCCs that police say protect the rights of innocent people, but critics warn of creeping surveillance. Twitter: @acluofga and @cendemtech Twitter: @acluofga : As...
Study: ChatGPT helped writers complete tasks, such as writing press releases or reports, 40% faster and produce work that assessors scored 18% higher in quality
That ChatGPT is a productivity booster is indisputable. The question is whether it leads to fewer jobs as companies need fewer people or whether it leads to more opportunities in those fields? … Twit...
Alibaba's food delivery service Ele.me commits to bring more social security and welfare benefits to its ~3M couriers, after a similar move by JD.com in March
Alibaba Group Holding-backed Chinese food delivery service Ele.me has committed to bring more social security and welfare benefits …
Russia bans officials and state employees from using Apple devices for “work purposes”, after the FSB claimed Apple helped the NSA surveil Russian iPhone users
FSB enforces crackdown on use by state officials after claiming it uncovered an espionage operation using Apple devices Bluesky: @slightlyoff.bsky.social . Twitter: @jfporchez , @demopj , and @ilvesto...
A look at Sony-owned Crunchyroll, which has 100M+ registered members, including 11M paid subscribers, as the anime streaming service looks to India for growth
Exciting news for Crunchyroll! The Japanese anime industry has become a staggering $20 billion market … Brian Eley : Two months to get this across the finish line! — https://www.bloomberg.com/... T...
Some Etsy sellers say the platform imposed a 45-day reserve on 75% of their income with no warning, as part of its Purchase Protection program to cover refunds
Sky News : Bluesky: @janety.bsky.social . Twitter: @oh_someday_ , @goddesssophia_1 , @aprilrosiekay , @erincheshirecat , @jaimesm50569428 , @leanorfolk , @underachievr , @beezeeart , and @tinywargame...
Some tech insiders say that generative AI won't fix San Francisco's economic and commercial real estate woes as the startups bring fewer jobs and automate work
Anna Tong / Reuters : LinkedIn: Anna Tong . Twitter: @jowyang , @kevinbtruong , @grabbou , and @mattprd LinkedIn: Anna Tong : Can AI save San Francisco? The city is battling existential issues like ...
Sources: McKinsey, BCG, and other US firms are splitting their IT systems to decouple China data, as Beijing expands anti-espionage rules and data regulation
Beijing's move to expand anti-espionage rules and data regulation has companies racing to hive off systems
Despite a generative AI funding mania, data shows that other startup funding remains bleak, with valuations down and few IPOs, deals, and late-stage rounds
Newcomer : Twitter: @ediggs , @sandy_carter , and @doener_tech Twitter: Eze Vidra / @ediggs : Global venture funding in Q2 2023 fell 18% quarter over quarter to $65 billion That's down 49% compared t...
Sources: Foxconn is in talks with TSMC and Japan-based TMH to build chip factories in India, days after ending its $19.5B chip and display venture with Vedanta
The Economic Times :
Sources: Intel CEO Pat Gelsinger and Qualcomm CEO Cristiano Amon plan to meet US officials in DC next week to discuss China policy, the market, and export curbs
and protect their bottom lines ChinaTechNews.com : EXCLUSIVE-US chip CEOs plan Washington trip to talk China policy sources Bloomberg : Chip Leaders Head to Washington to Lobby for China Rules Relief ...
A US appeals court temporarily blocks a lower July 6 court order sharply limiting US government officials' and agencies' contacts with social media companies
for now. Norman Ornstein / @normornstein : If even the 5th Circuit does this, it shows how reckless and radical the decision was Eric Garland / @ericgarland : BREAKING: FIFTH CIRCUIT STAYS MISSOURI'S ...
Creator monetization platform Passes, founded in 2022, plans to acquire rival Fanhouse, founded in 2020; some creators are worried and one Fanhouse founder quit
if you do, it will be a secure transfer - Fanhouse will continue to run until the transition and will continue to run for some time after @fanhouse : It's been an honor to grow alongside creators and ...
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