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September 17, 2022, 8:45 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, TechCrunch, and IT Management
Tweets: @hunterwalk, @anshublog, @hkanji, @rakeshlobster, @imnoah, @jaypeters, @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, Windows Central, TechSpot, TechRadar, Engadget, Android Headlines, Kotaku, PC Gamer, ServeTheHome, ExtremeTech, PCMag, Notebookcheck.net, The Verge, AnandTech, and VideoCardz.com
Tweets: @gamersnexus, @cohhcarnage, @nash076, @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 … | 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
| 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, The Economic Times, BGR India, Observer, Gizmodo, Wall Street Journal, GovTech, Dark Reading, iPhone in Canada Blog, Tech Xplore, Slashdot, and TIME
Tweets: @uber_comms, @reggblinker, and @racheltobac
| Washington Post: |
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The Hacker News, Ars Technica, The Verge, VICE, Mashable, Bloomberg, Wall Street Journal, Metacurity, Fortune, VentureBeat, HotHardware, SlashGear, Channel Futures, DataBreaches.net, TechRepublic, CNET, Security Affairs, Science Business Today, CyberScoop, International Business Times, MobileSyrup, ZDNet, Trak.in, Security Boulevard, New York Post, HackRead, Fossbytes, 9to5Mac, CNBC, PYMNTS.com, The Hill, Gizmodo, Tech Monitor, Engadget, Insider, Forbes, and The Guardian
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
| 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
| 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 …
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Atlas
| 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 … | 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: @thepacketrat and @malwarejake
Sponsor Posts
Niantic Spatial:
World models need real-world data — Scaniverse is the gateway to spatial services — self-serve and built for AI and robotics. Large-area 3D reconstruction from 360° cameras and precise localization, anywhere machines operate.
World models need real-world data — Scaniverse is the gateway to spatial services — self-serve and built for AI and robotics. Large-area 3D reconstruction from 360° cameras and precise localization, anywhere machines operate.
Zoho:
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ETL tool evaluation checklist: 6 things to look for before you choose — Your data is only as valuable as your ability to move, prepare, and access it efficiently. Choosing the wrong ETL tool can lead to months of rework …
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Anuma:
The Private AI That Remembers — Anuma is the all-in-one AI platform with private, portable memory. Chat, text, create, build, and solve across every model.
The Private AI That Remembers — Anuma is the all-in-one AI platform with private, portable memory. Chat, text, create, build, and solve across every model.Featured Podcasts
Cheeky Pint:
What comes after smartphones, with Snap CEO Evan Spiegel
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
Subscribe to Cheeky Pint.
Lenny's Podcast:
Snapchat CEO: Why distribution has become the most important moat | Evan Spiegel
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:
Apple After Tim Cook, OpenAI's New Mojo, Meta's Internal Tracking Escapade
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.
Hard Fork:
Tim Cook's Legacy + The Future of U.B.I. With Andrew Yang + HatGPT
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.
The Upstarts Podcast:
Chapter's Cobi Blumenfeld-Gantz: From Palantir To $3B Medicare Disruptor
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
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Ryan Roslansky: Turning AI Anxiety into Skills for the Future of Work
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
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