Techmeme: 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 (Sam Kim/Bloomberg)

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August 31, 2022, 4:40 AM

Top News

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.

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: Reuters, Axios, Deadline, The Hollywood Reporter, Reuters, Next TV, Wall Street Journal, and Variety

Tweets: @pt, @epro, @carnage4life, and @tim_bays

See also Mediagazer

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

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, 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 …

Source: Jon Peddie Research. More: Wccftech and TechPowerUp. Tweets: @jonpeddie

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.

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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From Mediagazer

Alex Weprin / The Hollywood Reporter:

Skydance reports Q3 revenue up 5% YoY to $7B, net income of $73M, and adjusted EBITDA of $1B, excluding WBD, in its first earnings since closing the WBD deal

Joshua Benton / Nieman Lab:

As student journalists report more local news, journalism school professors charged with editing their work on top of a full teaching load risk burnout

Nilay Patel / The Verge:

Q&A with RIAA CEO Mitch Glazier on fighting AI companies over unauthorized training on copyrighted works, No Fakes Act, WMG's partnership with Suno, and more

More News

Bloomberg:

Klarna reports H1 revenue rose 24% YoY to ~$950M as its net loss more than trebled YoY to ~$581M, driven by admin expenses; cash reserves halved to ~$876M

More: Klarna

Nilay Patel / The Verge:

Q&A with Facebook app head Tom Alison on the needs of young adults, changes to the Feed, TikTok's influence, recommendation systems, political content, and more

Tweets: @tomalison, @alexeheath, and @verge

Aditya Hadi Pratama / Tech in Asia:

Indonesia-based ESB, which provides restaurant management tools including a POS system, kitchen operations software, and an ERP system, raised a $29M Series B

More: Everything SEA tech, The SaaS News, TechNode Global, and DealStreetAsia

Tweets: @esb_indonesia, @techinasia, and @acventures_id

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

More: SiliconANGLE, CrowdStrike, Barron's Online, and CNBC

Eric J. Savitz / Barron's Online:

HPE reports Q3 revenue up 1% YoY to $7B, including Intelligent Edge up 8% YoY to $941M, HPC & AI up 12% YoY to $830M, and Compute down 3% YoY to $3B

More: SiliconANGLE, HPE, Wall Street Journal, HPCwire, Investor's Business Daily, CRN, MarketWatch, and Bloomberg. Tweets: @patrickmoorhead

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

More: Candid.Technology, 9to5Google, and PCMag. Tweets: @jonyiveparody

Zack Whittaker / TechCrunch:

A researcher says a Chinese database of up to 800M records was exposed for months, storing names, resident ID numbers, images of faces, license plates, and more

More: Slashdot

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

More: Google Online Security Blog, VentureBeat, BleepingComputer, iTnews, SC Media, The Register, ZDNet, The Verge, Security Affairs, HackRead, SiliconANGLE, and SecurityWeek

Tweets: @rseroter, @argvee, @mikeolson, @weldpond, @googlevrp, @kkotowicz, @whyhiannabelle, and @lkarlslund

Earlier Picks

Ben Chapman / Wall Street Journal:

In a first, school districts in Texas, New York, and California are creating permanent, full-time virtual schools, seeking to help vulnerable children

Tweets: @chapmanreports and @cprattmedia

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

More: Bloomberg, SiliconANGLE, PYMNTS.com, Crunchbase News, and TechCrunch

Tweets: @gilmored85, @kevinroose, @brucewilson, @beveragepodcast, @jstrauss, and @karenkkwok

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”

More: The Verge, Reuters, PCMag, CNBC, TechCircle, Rolling Stone, PhoneArena, Newser, Mashable, New York Times, Android Central, CNN, Neowin, USA Today, Engadget, The Hill, Gizmodo, Reclaim The Net, Android Police, Insider, KnowTechie, and Deadline

Tweets: @kyledcheney, @darchmare, @brianschatz, @juliettekayyem, @mollyjongfast, @brianklaas, @chrismurphyct, @kyledcheney, @rasmus_kleis, @basche42, and @danprimack

Tatum Hunter / Washington Post:

Mental health content creators on TikTok and Instagram are increasingly filling a health care gap, which critics fear could lead to harmful self-diagnoses

More: 9to5Mac and The Hill

Tweets: @trengriffin, @tatum_hunter_, @juliachanb, @nitashatiku, @davisantigone, and @miller7

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

Giles Turner / Bloomberg:

In an SEC filing, Elon Musk adds Peiter Zatko's allegations as a reason to terminate the $44B takeover bid, saying Twitter is in “material noncompliance”