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September 17, 2022, 10:25 PM
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| Bloomberg: |
A profile of Figma founder Dylan Field, who will become the wealthiest person from the Thiel Fellowship by far, as PitchBook estimates his stake is worth $2B+ — Dylan Field dropped out of an Ivy League school in 2012 to take a grant from the billionaire Peter Thiel and start a software company called Figma.
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Wall Street Journal, Psychohistory, and Newser
Tweets: @zoink, @bobmcmillan, @katie_roof, @markmilian, @carlquintanilla, and @anthony
| Hunter Walk: |
Adobe's $20B Figma acquisition is worth it because Figma's $400M ARR, independent of margin, was continuing to double, creating pricing pressure on Adobe — Hint: The Answer Doesn't Involve a Spreadsheet — I'm not an investor in Figma. I don't know Figma CEO Dylan Field. And I'm not a designer.
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BIG by Matt Stoller, The Verge, Protocol, ZDNet, Fortune, TechCabal, and IT Management
Tweets: @anshublog, @hkanji, @rakeshlobster, @imnoah, @jaypeters, @hunterwalk, @hkanji, @sarthakgh, and @bill_gross
| Andrew Cunningham / Ars Technica: |
EVGA exits graphics cards, citing issues with Nvidia, after exclusively using GeForce GPUs, reportedly making up 80% of its revenue, since its founding in 1999 — EVGA will continue selling current-gen GeForce cards until it runs out of stock. — Graphics card manufacturer eVGA has made a name …
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EVGA Forums, Gamers Nexus on YouTube, Jon Peddie Research, Tom's Hardware, JayzTwoCents on YouTube, RD1234, Windows Central, TechSpot, Engadget, TechRadar, Android Headlines, Kotaku, PC Gamer, ServeTheHome, ExtremeTech, PCMag, The Verge, Digital Trends, TheGamer, AnandTech, and VideoCardz.com
Tweets: @gamersnexus, @nash076, @cohhcarnage, @usmanpirzada, @devinconnors, @stevestreza, and @epro
| Mike Masnick / Techdirt: |
The 5th Circuit federal court's ruling to uphold the Texas social media content moderation law is based on a misrepresentation of how Section 230 actually works — from the batshit-crazy dept — As far as I can tell, in the area the 5th Circuit appeals court has jurisdiction … | Joe Schneider / Bloomberg: |
A US federal appeals court upholds the Texas social media content moderation law, lifting an injunction that blocked it and remanding it back to the lower court — A federal appeals court upheld the validity of a Texas social-media law that companies like Twitter Inc. and Meta Platforms Inc …
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Washington Post, The Register, United States Court of Appeals for the Fifth Circuit, New York Times, Politico, Chamber of Progress, Wall Street Journal, Investopedia, Seeking Alpha, CCIA, Public Knowledge, Lawfare, CNN, Electronic Frontier Foundation, The Independent, Law & Crime, NetChoice, Pixel Envy, The Full Belmonte, The Economic Times, The Hill, Meaning In History, and Protocol
Tweets: @kenpaxtontx, @popehat, @corbinkbarthold, @brendancarrfcc, @berinszoka, @berinszoka, @poppyharlowcnn, @karilake, @jkempcpa, @kt_so_it_goes, @steve_vladeck, @leftynavyseal, @esqueer_, @berinszoka, @berinszoka, @geoffmanne, @berinszoka, @berinszoka, @writerkevin, @jameeljaffer, @jameeljaffer, @davidakaye, @hansmahncke, @mask_bastard, @monicaonairtalk, @basedkarbon, @mmasnick, @evacide, @mpetricone, @radleybalko, @mattkilboy, @rothforidaho, @adamkovac, @caseymattox_, @evacide, and @mmasnick
| Natasha Lomas / TechCrunch: |
Unsealed court docs in a privacy user profiling suit against Meta show that apps from Zynga, Yahoo, and others had extensive access to users' friends' data — It's not the crime, it's the cover up... The scandal-hit company formerly known as Facebook has fought for over four years to keep … | Andrew J. Hawkins / The Verge: |
Uber says there is “no evidence” the hacker accessed sensitive user info, like trip histories, during the breach and that all its products are now “operational” — Uber says there is “no evidence” that any of its users' private information was compromised in a breach of its internal computer systems.
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Uber Newsroom, Wired, HackRead, Livemint, MarketWatch, The Economic Times, BGR India, Gizmodo, Wall Street Journal, GovTech, and Slashdot
Tweets: @reggblinker, @uber_comms, and @racheltobac
| Washington Post: |
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The Hacker News, Ars Technica, VICE, The Verge, Mashable, Bloomberg, Metacurity, Observer, VentureBeat, Fortune, HotHardware, Dark Reading, SlashGear, Channel Futures, DataBreaches.net, TechRepublic, iPhone in Canada Blog, CNET, International Business Times, MobileSyrup, Security Boulevard, New York Post, HackRead, Fossbytes, CNBC, Gizmodo, Engadget, and Insider
Tweets: @uber_comms, @samwcyo, @hacker_, @coltonseal, @samwcyo, @kyliebytes, @kyliebytes, @cityofthetown, @lorenzofb, @kwestin, @willoremus, @film_girl, @josephmenn, @kyliebytes, @kateconger, @carlquintanilla, @laurentbercot, @k8em0, @rik_ferguson, @da_667, @aaschapiro, @faizsays, @kantrowitz, @tomwarren, @williamlegate, @roybahat, and @dangoodin001
| Matteo Wong / The Atlantic: |
How neural network chess engines redefined the game's creativity, leading some top players to use deception, misdirection, and other psychological techniques — It was as if a bottom seed had knocked out the top team in March Madness: At the Sinquefield Cup chess tournament in St. Louis earlier this month … | Financial Times: |
Sources: BeReal is exploring adding paid features to avoid advertising; the app has 15M+ DAUs, up from 10K in March 2021, and was valued at ~$600M in June 2022 — Photo-sharing app BeReal is exploring the addition of in-app payments for extra features to avoid Instagram-style advertising …
Tweets: @glenngabe, @antoniogm, @julespolonetsky, @eric_seufert, and @cristinacriddle
| Maria Deutscher / SiliconANGLE: |
Singapore-based cloud HR management service Atlas Technology raised a Series B of up to $200M from Sixth Street Growth, after raising $20M in 2020 — Atlas Technology Solutions Inc., a startup with a cloud-based human resource management platform, today announced that it has secured … | Joe Tidy / BBC: |
A Vietnamese couple says they wiped some of Intercontinental Hotels Group's data, accessed using the password Qwerty1234, after a failed ransomware attack — Hackers have told the BBC they carried out a destructive cyber-attack against Holiday Inn owner Intercontinental Hotels Group (IHG) “for fun”.
Tweets: @readdanwrite, @thepacketrat, and @malwarejake
| Jonathan Vanian / CNBC: |
Meta's stock has lost 60% of its value in the past 12 months, by far the biggest slide among Big Tech stocks and more than double the Nasdaq Composite's drop — - Meta shares dropped below the company's pandemic nadir during the day on Friday and are down more than 60% for the year.
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MarketWatch. Tweets: @chriskeall, @aparanjape, @carnage4life, @jiggycapital, @fbbagholder, @fbbagholder, and @finimize
| Stefanie Marotta / Bloomberg: |
Shopify changes its compensation practices to let employees choose a mix of cash, restricted stock units, and stock options; Shopify's stock is down 73% in 2022 — Shopify Inc. is changing its compensation practices to let staff decide how much of their pay will be cash versus equity … Sponsor Posts
Google:
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Techmeme Leaderboards:
Discover the top reporters on AI safety, robotics, stablecoins, and much more — We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 50 topics. Download reports immediately for just $100.
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Zoho:
Understanding the U.S. overtime policy in Zoho People — The importance of tracking overtime working hours cannot be overstated. It has to be done carefully to stay compliant, keep your HR operations efficient, and pay employees accurately.
Understanding the U.S. overtime policy in Zoho People — The importance of tracking overtime working hours cannot be overstated. It has to be done carefully to stay compliant, keep your HR operations efficient, and pay employees accurately.
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Grit:
How Dropbox Beat Big Tech in the Cloud Wars
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
Inside the expert network training every frontier AI model | Garrett Lord (Handshake CEO)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
The Big GPT-5 Debate, Sam Altman's AI Bubble, OnlyFans Chatbots
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Tech Brew Ride Home:
Has China Shut The Door On Nvidia?
Tech news headlines every day. 15 minutes and you're up to date. From Tech Brew, Morning Brew's tech hub.
Subscribe to Tech Brew Ride Home.
The Social Radars:
Founder Mode: Paul Graham, Founder, Y Combinator
Come be a fly on the wall as Y Combinator's Jessica Livingston and Carolynn Levy talk to some of the most successful founders in Silicon Valley about how they did it.
Subscribe to The Social Radars.
Hard Fork:
Is This an A.I. Bubble? + Meta's Missing Morals + TikTok Shock Slop
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
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