| Ashley Capoot / CNBC: |
Responding to criticism, Adam Mosseri says Instagram's full-screen feed is “a test” that is “not yet good” and that the app has to lean into the shift to video — - Instagram head Adam Mosseri shared a video on Twitter Tuesday explaining recent changes to the social media platform.| Travis Clark / Insider: |
Kylie Jenner and Kim Kardashian post Stories to “Make Instagram Instagram Again” and “stop trying to be TikTok”; an associated petition has 200K+ signatures — - Kylie Jenner and Kim Kardashian called on Instagram to “stop trying to be TikTok” on Monday.| Scott Rosenberg / Axios: |
Facebook's TikTok-like revamp marks the end of a social networking era shaped around friends and a move to ML-fueled recommendations of content from strangers — Mark last week as the end of the social networking era, which began with the rise of Friendster in 2003, shaped two decades of internet growth … | Devin Coldewey / TechCrunch: |
| Vipal Monga / Wall Street Journal: |
Memo: Shopify plans to cut ~1,000 workers, or 10% of its global workforce, citing consumers pulling back on online shopping; SHOP drops 15%+ — CEO Tobi Lütke says company made wrong bet on pandemic-fueled boom in e-commerce growth lasting — Shopify Inc. SHOP -16.29%▼ … | Bloomberg: |
Sources: before its probe into alleged insider trading, the SEC started probing whether Coinbase improperly let Americans trade digital assets; stock drops 15%+ — Coinbase Global Inc. is facing a US probe into whether it improperly let Americans trade digital assets that should have been registered … | Max Chafkin / Bloomberg: |
Coinbase's post-IPO decision to list “altcoins”, or “shitcoins”, was a reckless move that led to alleged insider trading and higher risks for retail investors — In September 2020, amid a wave of activism by employees in support of the Black Lives Matter movement … | The Verge: |
As Mark Zuckerberg says “there are probably a bunch of people at the company who shouldn't be here” during a weekly Meta Q&A, a survey suggests staff anxiety — As Meta's growth slows, Mark Zuckerberg is pushing even harder. Will his employees melt under the pressure?| Ian Hamilton / UploadVR: |
Meta plans to increase the prices of its Quest 2 headsets to $400 for 128GB and $500 for 256GB on August 1, and bundle Beat Saber for free through December 31 — The price for a new Quest 2 is jumping to $399 as Meta says “the costs to make and ship our products have been on the rise.”| Liron Shapira / @liron: |
| Jeffrey Dastin / Reuters: |
Amazon plans to raise its annual Prime subscription prices across Europe by up to 43% on September 15, citing “increased inflation and operating costs” — Amazon.com Inc (AMZN.O) will raise fees for its delivery and streaming service Prime in Europe by up to 43% a year … | Sarah Butler / The Guardian: |
| New York Times: |
Sources: US-based crypto exchange Kraken has been under investigation by the US Treasury Department since 2019 for potentially violating Iran sanctions and more — The Treasury Department is investigating whether the crypto exchange allowed users in Iran to buy and sell digital tokens, said people with knowledge of the matter.| Nikhil Krishnan / Out-of-Pocket: |
Amazon's purchase of One Medical is likely cheaper than unionization would be, and could be used as a tool to fight against unionization of employees — I guess I should say something? … This episode of Out-Of-Pocket is brought to you by... Nabla creates SDKs and APIs … | Bloomberg: |
UK's CMA publishes its report into music streaming services, saying the market is dominated by major players but this is not “currently causing consumers harm” — The music streaming market dominated by a handful of major players is giving consumers a fair shake … | Kyle Wiggers / TechCrunch: |
Neon, which provides developers with a serverless option for Postgres databases, raised a $30M Series A-1 led by GGV, bringing its total funding to $55M — Neon, a startup providing developers with a serverless option for Postgres databases, today announced that it raised $30 million … | Andrew Ackerman / Wall Street Journal: |
Sources: US House lawmakers delayed a tentative July 27 vote on a bipartisan bill to curb potential risks posed by stablecoins until at least September 2022 — Lawmakers continue to negotiate deal, but unable to complete work ahead of August break — What Happens If a Crypto Platform Goes Bankrupt?
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| Kadhim Shubber / Financial Times: |
| Danny Nelson / CoinDesk: |
| Cameron Thompson / CoinDesk: |
| Stephen Shankland / CNET: |