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Techmeme
August 31, 2022, 9:40 AM
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Top News

Alex Heath / The Verge:
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 …
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
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
Mat Di Salvo / Decrypt:
Crypto.com sues an Australian woman after erroneously sending her $10.5M in May 2021 when she requested a $100 refund; the woman allegedly purchased 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.
Bloomberg:
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 …
Monica Chin / The Verge:
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 …
Josephine Wolff / Wired:
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.
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.
Naomi Nix / Washington Post:
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 …
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.
Ivan Mehta / TechCrunch:
Ticketmaster's Live Nation 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.
Will Oremus / Washington Post:
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

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This is a Techmeme archive page. It shows how the site appeared at 9:40 AM ET, August 31, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Todd Spangler / Variety:
FCC filing: Paramount says the merged Paramount-WBD will be 49.5% owned by foreign investors, with ~38.5% of the equity held by a trio of Middle Eastern funds

Semafor:
Sources: the FCC is moving toward a review of Disney's broadcast licenses, putting pressure on the ABC owner as it faces scrutiny over Jimmy Kimmel's monologue

Reuters:
Bertelsmann agrees to combine BMG with Concord in a cash-and-stock deal giving it a 67% stake; Concord shareholders will receive a 33% stake and $1.16B in cash

More News

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

Earlier Picks

Jonathan Greig / The Record:
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
Natasha Singer / New York Times:
California's State Senate passes an online safety bill requiring services to increase protections for users under 18; Governor Newsom must approve the bill
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
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”
Jordan Middler / Video Games Chronicle:
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
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