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August 31, 2022, 4:40 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, Financial Times, The Economic Times, Social Media Today, SiliconANGLE, 9to5Mac, dot.LA, BGR India, Engadget, CNBC, Variety, New York Post, Android Headlines, Barron's Online, Transistori, and The Information
| 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 …
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Reuters, Axios, Deadline, The Hollywood Reporter, Reuters, Next TV, Wall Street Journal, and Variety
Tweets: @pt, @epro, @carnage4life, and @tim_bays
| 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
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The Overspill, TechCabal, Social Media Today, TechCrunch, Insider, Fortune, Engadget, New York Post, Washington Post, and Platformer
Tweets: @caseynewton, @matthew_d_green, @mmasnick, @melissagira, @kurtwagner8, @matthew_d_green, @zoeschiffer, @jjaursch, @ashleylatke, @kimcrayton1, @amsolidarity, @gabrieldance, @roach, @matthew_d_green, @officialkappy, @melissagira, @matthew_d_green, @jorgeorchilles, @markmahoney, @mistresssnowphd, @kimzetter, @matthew_d_green, @isosteph, @elizableu, @matthew_d_green, @rachelbovard, @dlberes, @iblametom, @maxnordau, @gwenadora, @jerrycap, @morisy, @allieawesome415, @benjamingoggin, @mattnavarra, @hondanhon, @caseynewton, @caseynewton, @stevekovach, @oliviasolon, @carnage4life, @willoremus, @reckless, @zoeschiffer, and @caseynewton
| 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.
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Apple Developer, Neowin, 9to5Mac, and AppleInsider
| 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, Decrypt, CoinDesk, nft now, and PROOF on YouTube
Tweets: @proof_xyz, @collab_currency, @nassyweazy, @alexisohanian, @alexisohanian, @azfnft, and @sriramk
| Anton Shilov / Tom's Hardware: |
Jon Peddie Research: discrete and integrated GPU sales fell 14.9% QoQ in Q2 2022; Nvidia's sales fell 25.7% QoQ, AMD's fell 7.6% QoQ, and Intel's fell 9.8% QoQ — Shipments of discrete desktop graphics cards down to two-year low. — Sales of graphics processing units — discrete and integrated … | 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, Towards Data Science, and Simon Willison's Weblog
| 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:
Royal Caribbean Group, Engadget, PCMag, TechCrunch, BBC, Dow Jones Newswires, Space.com, TESLARATI, Digital Trends, The Verge, SpaceNews, Insider, and Reuters
Tweets: @elonmusk, @jcoviedo6, @thesheetztweetz, and @emot
| 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
| Sam Kim / Bloomberg: |
South Korea's national statistics office: semiconductor shipments from South Korean chipmakers fell 22.7% YoY in July 2022, the first drop in almost three years — South Korean chipmakers recorded their first fall in factory shipments in almost three years in July, highlighting weakening demand …
Tweets: @samkimasia
| Arno Maierbrugger / Investvine: |
Indonesia's largest tech company GoTo posts 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, Bloomberg, Reuters, Nikkei Asia, and DealStreetAsia
| Reuters: |
Roper Technologies agrees to buy Frontline Education, which makes administration software for K-12 education, from PE firm Thoma Bravo in a ~$3.7B all-cash deal — Roper Technologies (ROP.N) said on Tuesday it would buy educational software maker Frontline Education in a $3.7 billion deal …
More:
Thoma Bravo, Seeking Alpha, THE Journal, GlobeNewswire News Room, and PE Hub
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