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August 31, 2022, 12:15 AM
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| Alex Heath / The Verge: |
Sources: Snap plans to start laying off ~20% of its 6,400+ employees on August 31, 2022 — Snap's stock price has declined nearly 80 percent this year — Snap is planning to lay off approximately 20 percent of its more than 6,400 employees, according to people familiar with the matter.
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Ad Age, Social Media Today, The Information, 9to5Mac, CNBC, Financial Times, Engadget, SiliconANGLE, dot.LA, New York Post, Variety, Android Headlines, Reuters, and Barron's Online
| Alex Heath / The Verge: |
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 — Snap's VP of ad sales is also leaving for Netflix — Netflix has found an executive to lead its plan for an ad-supported tier …
More:
Axios, Deadline, Wall Street Journal, Next TV, The Hollywood Reporter, and Reuters
Tweets: @pt, @tim_bays, and @carnage4life
| The Verge: |
Sources: Twitter was working to monetize its adult content with OnlyFans-style subscriptions until a “red team” noted the prevalence of CSAM on the platform — Internal documents and Twitter employees reveal the need for massive investment to remove illegal content — but executives haven't listened
More:
TechCrunch, Washington Post, Social Media Today, Fortune, Engadget, New York Post, Insider, and Platformer
Tweets: @caseynewton, @iblametom, @matthew_d_green, @mmasnick, @morisy, @melissagira, @kurtwagner8, @matthew_d_green, @zoeschiffer, @jjaursch, @ashleylatke, @caseynewton, @kimcrayton1, @amsolidarity, @gabrieldance, @roach, @caseynewton, @matthew_d_green, @officialkappy, @caseynewton, @melissagira, @matthew_d_green, @jorgeorchilles, @willoremus, @markmahoney, @oliviasolon, @mistresssnowphd, @kimzetter, @matthew_d_green, @isosteph, @elizableu, @carnage4life, @matthew_d_green, @zoeschiffer, @jerrycap, @rachelbovard, @allieawesome415, @benjamingoggin, @dlberes, @gwenadora, @reckless, @maxnordau, @mattnavarra, @hondanhon, and @stevekovach
| Sara Fischer / Axios: |
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” — Google hasn't yet approved Truth Social's Android app for distribution via its Play Store because of insufficient content moderation …
More:
Reuters, The Verge, CNBC, Rolling Stone, PhoneArena, Reclaim The Net, Newser, Engadget, Android Central, Gizmodo, Mashable, CNN, Neowin, New York Times, Insider, USA Today, Android Police, KnowTechie, and The Hill
| MK Manoylov / The Block: |
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 — - Additional participants in the round include Collab+Currency, Flamingo DAO, SV Angel, VaynerFund and Seven Seven Six.
More:
Future PROOF, CoinDesk, and nft now
Tweets: @proof_xyz, @collab_currency, @nassyweazy, @alexisohanian, @alexisohanian, @azfnft, and @sriramk
| Jared Newman / Fast Company: |
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 — For years, Comcast and other cable companies have leaned on a simple strategy to offset the effects of cord-cutting …
Tweets: @dsilverman
| Juli Clover / MacRumors: |
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.
More:
Apple Developer and 9to5Mac
| Ivan Mehta / TechCrunch: |
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 — Twitter is launching its Circle feature — which lets you post a tweet to a select set of people — globally.
More:
Twitter, The Verge, TODAY.com, Phandroid, Engadget, Social Media Today, iPhone in Canada Blog, Android Headlines, Android Central, XDA Developers, Insider, Neowin, SlashGear, Digital Trends, 9to5Google, TechRadar, Fortune, Droid Life, Gizmodo, Digit, 9to5Mac, RTÉ, BGR India, The Economic Times, PhoneArena, Fast Company, Mashable, MacRumors, and MobileSyrup
Tweets: @twittersupport, @jaysullivan, @oohjcs, @anildash, @monzo, @twittersafety, @si_hart, @lamarrwilson, @scalzi, @stevesi, @johnnyakzam, @twittersafety, @yoyoel, and @edbott
| Anton Shilov / Tom's Hardware: |
Jon Peddie Research: sales of discrete and integrated GPUs fell 14.9% QoQ in Q2 2022; Nvidia's GPU sales fell 25.7% QoQ, AMD's fell 7.6%, and Intel's fell 9.8% — Shipments of discrete desktop graphics cards down to two-year low. — Sales of graphics processing units — discrete and integrated … | Wall Street Journal: |
Sources: Philadelphia-based delivery startup Gopuff seeks to borrow up to $300M after burning ~$400M in Q1 2022; Gopuff raised $2B+ at a $15B valuation in 2021 — Instant-delivery startup is negotiating a credit line of up to $300 million after delayed IPO
More:
Bloomberg, SiliconANGLE, PYMNTS.com, Crunchbase News, and TechCrunch
Tweets: @karenkkwok, @gilmored85, @kevinroose, @brucewilson, @beveragepodcast, and @jstrauss
| Aditya Hadi Pratama / Tech in Asia: |
Indonesia-based ESB, which provides restaurant management tools including a POS system and kitchen operations software, has raised a $29M Series B — ESB, an Indonesian restaurant management platform, has raised US$29 million in its series B funding round led by Northstar Group and Alpha JWC Ventures.
More:
Everything SEA tech, TechNode Global, The SaaS News, and DealStreetAsia
Tweets: @acventures_id, @esb_indonesia, and @techinasia
| Jack Stebbins / CNBC: |
Royal Caribbean Cruises partners with SpaceX's Starlink to offer internet onboard all its ships; installations are scheduled to be completed in early 2023 — - Royal Caribbean Cruises will begin offering onboard internet via SpaceX's Starlink satellite network.
More:
BBC, PCMag, TechCrunch, Dow Jones Newswires, Space.com, TESLARATI, The Verge, Reuters, SpaceNews, and Insider
Tweets: @jcoviedo6, @thesheetztweetz, @emot, and @elonmusk
| Ron Amadeo / Ars Technica: |
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 — Android 13 is a very small update, but it's also the second one this year. — The Android update treadmill continues with the release of Android 13.| Jeffrey T. Lewis / MarketWatch: |
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 — CrowdStrike Holdings Inc.'s loss narrowed in its second quarter from a year earlier after subscription revenue jumped higher.
More:
SiliconANGLE, CrowdStrike, Barron's Online, and CNBC
| Andy Baio / Waxy.org: |
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 — One of the biggest frustrations of text-to-image generation AI models is that they feel like a black box.
More:
GitHub and Towards Data Science
| Arno Maierbrugger / Investvine: |
Indonesia's largest tech company GoTo posted a ~$955M net loss for H1 2022 and announces the acquisition of local crypto exchange Kripto Maksima Koin for $8.4M — Indonesia's biggest e-commerce company GoTo on August 30 posted a half-year net loss of 14.17 trillion rupiah ($955 million) …
More:
GoTo, Channel NewsAsia, Nikkei Asia, DealStreetAsia, and Reuters
| Sam Kim / Bloomberg: |
Semiconductor shipments from South Korean chipmakers fell 22.7% YoY in July, the first drop in almost three years according to the national statistics office — South Korean chipmakers recorded their first fall in factory shipments in almost three years in July, highlighting weakening demand …
Tweets: @samkimasia
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