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August 3, 2022, 4:25 AM
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| Caitlin McCabe / Wall Street Journal: |
Robinhood plans to cut its headcount by ~23% over “additional deterioration of the macro environment”, after laying off ~9% of full-time employees in April 2022 — The job cuts mark the second round of layoffs for the online brokerage, which exploded in popularity during the Covid-19 pandemic
Source:
Under the Hood. More:
The Guardian, Engadget, NPR, Fortune, Global Nerdy, The Information, TechCrunch, Forbes, PYMNTS.com, Silicon Valley Business …, The Block, CNN, Protocol, Blockworks, The Verge, The Rewired Soul, and Fast Company
Tweets: @ronlieber, @rmac18, @menlobear, @michelezanini, @seldo, @bullandbaird, @ahcastor, @steveclapham, and @quinnypig
| Ashley Capoot / CNBC: |
Robinhood reports Q2 revenue down 44% YoY to $318M, vs $321M est., a $295M net loss, down from $502M YoY, and MAUs down 1.9M QoQ to 14M in June 2022 — - Robinhood CEO Vlad Tenev said the company will reduce its headcount by about 23%. — The company also dropped its second-quarter earnings report …
More:
Robinhood - Investor Relations, SiliconANGLE, CoinDesk, and The Verge
Tweets: @chriskeall and @karaswisher
| Mengqi Sun / Wall Street Journal: |
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Engadget, The Block, The Verge, Coinpedia, Watcher Guru, Bitcoin News, Observer, PYMNTS.com, crypto.news, Gizmodo, The Register, CryptoPotato, InfoRiskToday.com, Finextra, Decrypt, CNBC, Four Eyes Finance, Cointelegraph, Protocol, Finbold, CoinGape, CryptoSlate, Crypto Briefing, and CoinDesk
Tweets: @carlquintanilla, @carnage4life, @lex_node, @silvermanjacob, @carnage4life, @wsjmarkets, and @seldo
| Jason Nelson / Decrypt: |
An unknown attacker has been emptying Solana and USDC wallets; blockchain audit firm OtterSec says 5K+ Solana wallets “have been drained in the past few hours” — An unknown attacker drained thousands of wallets containing at least $4 million worth of Solana and USDC late Tuesday night.
More:
TechCrunch, CoinDesk, Bloomberg, The Block, Web3 is going just great, Crypto Briefing, CryptoPotato, Mashable, Blockworks, CoinGape, and Cryptonews
Tweets: @phantom, @0xfoobar, @solanastatus, @magiceden, @solanastatus, @solporttom, @cz_binance, @justinbarlow, @solanastatus, @justin_bons, @lyu_johnny, @solbigbrain, @thisisnuse, @milesdeutscher, @top7ico, @naeper, @officer_cia, @coinbureau, @nftpeasant, @justinsuntron, @justinbarlow, and @web3isgreat
| Brian Newar / Cointelegraph: |
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CoinDesk, Chainalysis, TechCrunch, Web3 is going just great, Read and Share Twitter …, CertiK Blockchain …, Bloomberg, Coinpedia, The Verge, Input, The Register, SC Media, Engadget, ETH Daily, CoinDesk, PYMNTS.com, Inside Bitcoins, Bitcoin News, Security Boulevard, CNBC, The Record, PaymentSecurity.io, Gizmodo, Decrypt, Protocol, Tech Monitor, PC Gamer, and CoinDesk
Tweets: @nomadxyz_, @nomadxyz_, @0xfoobar, @nomadxyz_, @samczsun, @xiliangchen, @mg_486662, @fatmanterra, @0xfoobar, @paradigmeng420, @mudit__gupta, @el33th4xor, @nassyweazy, @moonbeamnetwork, @bloombergtv, @mmasnick, @jonrog1, @cwgoes, @benedictevans, @lorenzofb, @arjunbhuptani, @moonbeamnetwork, @benedictevans, @samczsun, @chainlinkgod, @notifi_xyz, @0xfoobar, @moonbeamnetwork, @0xmisaka, @nickadobos, @levicook, @0xfoobar, @cl207, @dzack23, @matthuang, @andysayler, @quantstamp, @silvermanjacob, @bradwilson, @cointelegraph, and @fatmanterra
| Adam Morgan McCarthy / The Block: |
MicroStrategy CEO Michael Saylor steps down and takes executive chairman role “to focus more on our bitcoin acquisition strategy”; president Phong Le named CEO — - Michael Saylor is set to step down from his role as CEO and become an executive chairman.
More:
MicroStrategy, CoinDesk, Bloomberg, CoinDesk, Yahoo Finance, Web3 is going just great, Blockworks, BTC Times, The Verge, Cointelegraph, Decrypt, Crypto Briefing, Bitcoin Magazine, and Decrypt
Tweets: @frances_coppola, @caspiancey, @concodanomics, @autismcapital, @degentraland, @dylanleclair_, @moonlamboio, @mayhem4markets, @concodanomics, @udiwertheimer, @garyblack00, @dennis_porter_, @saylor, @digitalassetbuy, @carnage4life, @carnage4life, @web3isgreat, @saylor, @wublockchain, @concodanomics, @cryptowhale, @johnreedstark, @ahcastor, and @kenziesigalos
| Nikkei Asia: |
US House Speaker Nancy Pelosi meets with TSMC chairman Mark Liu and others to discuss implementation of the Chips and Science Act during her Taiwan visit — TAIPEI — U.S. House Speaker Nancy Pelosi met with Taiwan's most important chip industry leaders in Taipei on Wednesday as part …
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Washington Post, Bloomberg, Reuters, Bloomberg, Reuters, Clandestine's Newsletter, CNBC, TechNode, DigiTimes, Qlobal-Change, and Barron's Online
| Bloomberg: |
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Silicon Republic, Nikkei Asia, Protocol, Tom Merritt Tech Newsletter, TechSpot, Appuals.com, and Tom's Hardware
Tweets: @chinabeigebook, @nikkeiasia, and @pstasiatech
| Natasha Mascarenhas / TechCrunch: |
Y Combinator shrinks its Summer cohort to nearly 250 companies, down 40% from 414 in its Winter cohort, due to the downturn in the economy and VC environment — Technically, the accelerator is more exclusive now — Y Combinator says it has intentionally shrunk the number of startups within its accelerator for the Summer 2022 batch.
More:
The Information, The Economic Times, and Tech in Asia
Tweets: @nmasc_, @nmasc_, @brianroemmele, @robustus, and @ulonnaya
| Sarah Perez / TechCrunch: |
Match Group says Tinder CEO Renate Nyborg is leaving after less than a year, reorganizes the app's management team, and ends Tinder's crypto and metaverse plans — Dating giant Match Group announced a series of changes to Tinder's management team alongside the announcement of disappointing second-quarter earnings on Tuesday.
More:
The Economic Times and International Business Times
Tweets: @sameepa, @jbursz, and @mrinaldesai
| Michael Kan / PCMag: |
A US jury finds a former T-Mobile store owner guilty of hacking T-Mobile staff to access internal tools that he used to unlock customers' phones, raking in $25M — Argishti Khudaverdyan was found guilty of various offenses after he stole login credentials from more than 50 different T-Mobile employees across the US.| Zhiyuan Sun / Cointelegraph: |
Nansen: users spent ~$2.7B worth of ether to mint NFTs in H1 2022; 50.7% of the ETH raised stayed with the NFT projects and 45.7% went to non-entity wallets — Over 1 million unique wallet addresses were involved in the minting process, signaling that nonfungible token market activity remained strong.| Tom Warren / The Verge: |
NPD Group: US consumer spending on video game products fell 13% YoY to $12.35B in Q2 2022; non-mobile subscription content was Q2's only segment that saw growth — The video game industry growth has slowed down — US consumer spending on video game products has fallen by $1.78 billion in Q2, according to market research firm NPD.
Source:
NPD Group. More:
Windows Central, Slashdot, Metro.co.uk, Dot Esports, dot.LA, TechSpot, and GameSpot
Tweets: @matpiscatella, @benjisales, @bahlivern, @boundarybreak, @necksplitter, @mavriqgg, @zeuslfc, @legacykillahd, and @tomwarren
| Saritha Rai / Bloomberg: |
Internal memo: Zomato appoints four CEOs to lead each of its key business units Zomato, Blinkit, Hyperpure, and Feeding India and plans to rename itself Eternal — Zomato Ltd., the Indian food-delivery company that went public last year, is appointing chief executive officers to lead …
More:
Entrackr, Moneycontrol, Reuters, The Economic Times, Business Today, Telegraph India, The New Indian Express, Livemint, and The Signal
Tweets: @ron_miller, @johnreddyk, @chandrarsrikant, and @sub8u
| CNBC: |
AMD reports Q2 revenue up 70% YoY to $6.6B, vs $6.53B est., including Data Center segment sales up 83% YoY to $1.5B and Client segment sales up 25% YoY to $2.2B — - AMD reported earnings for the quarter ending in June that beat estimates. — The company gave a forecast for the current quarter …
Source:
Advanced Micro Devices, Inc.. More:
The Register, Thurrott, More Than Moore, Wccftech, SiliconANGLE, and VentureBeat
Tweets: @ryanreith, @patrickmoorhead, @greengart, @neiltwitz, @bobodtech, @marketrebels, @manpreetkailon, @iancutress, @benbajarin, @cnbc, @investorvideos, and @neiltwitz
| Manish Singh / TechCrunch: |
Source: Uber plans to sell its 7.8% stake in Indian food delivery startup Zomato for $350M+ after assuming an unrealized $707M loss on the investment in H2 2022 — Uber plans to sell its 7.8% holding in Indian food delivery firm Zomato as early as Wednesday, a source familiar with the matter told TechCrunch.
More:
Uber, Reuters, The Economic Times, Reuters, PYMNTS.com, The Economic Times, and Livemint. Tweets: @adityakalra
| Sofia Pitt / CNBC: |
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Wall Street Journal, Financial Times, New York Times, Neowin, Observer, Bloomberg, PYMNTS.com, Fortune, Fast Company, TechCrunch, The Verge, Coinspeaker, The Guardian, Washington Post, Finbold, and Reuters
Tweets: @thestalwart, @cnbc, @ldignan, @dondekojo, @treiner5, @eliotwb, @treiner5, @sub8u, and @thestalwart
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