Techmeme
October 18, 2022, 8:32 AM

Top News

Natasha Lomas / TechCrunch:
UK's CMA gives a final order to Meta to sell Giphy, after a judge ordered the CMA to reassess the case in July  —  Bye-bye: Meta has again been ordered by the UK's competition watchdog to sell animated GIF platform, Giphy.  And this time it's final.  —  The decision follows a 'stay …
James Vincent / The Verge:
Meta says it will accept the UK CMA ruling and divest itself of Giphy globally  —  Facebook and Instagram parent company Meta says it will accept a ruling by the UK competition watchdog to divest itself of social media GIF library Giphy. … We will work closely with the CMA on divesting Giphy."
More: Reuters
Ina Fried / Axios:
Microsoft announced layoffs across multiple divisions on October 17; source: less than 1,000 jobs were cut across various levels, teams, and parts of the world  —  Microsoft announced layoffs across multiple divisions on Monday, Axios has confirmed.  —  Why it matters: The move …
Platformer:
Interviews with journalists at The Wire, sources at Meta, and knowledgeable outside observers describe the messy fight between Meta and The Wire  —  The journalists behind a controversial series of stories tell us they haven't been hoaxed.  We're not so sure
Janko Roettgers / Protocol:
Netflix rolls out a feature globally to let users transfer all their personalized viewing data to a new account, ahead of a crackdown on account sharing in 2023  —  Netflix is making it easier for people to disentangle their personal viewing data: The streaming service is rolling …
Avery Menegus / Engadget:
Internal doc: Amazon has a high attrition rate across all levels, costing $8B annually, and workers choose to leave twice as often as layoffs and firings occur  —  Amazon churns through workers at an astonishing rate, well above industry averages.  According to a tranche of documents marked …
Noah Smith / Noahpinion:
Analysis: why the Biden administration's sweeping export controls on China's chip sector happened now and how they could usher in a new global economic paradigm  —  Now it's on.  —  “You come at the king, you best not miss.” — Omar Little  —  In a post back in August …
Nikkei Asia:
Bloomberg:
Stability AI raised a $101M seed, a source says at a ~$1B valuation, and its CEO says Stable Diffusion has 10M DAUs and its web app DreamStudio has 1.5M+ users  —  The parent company of Stable Diffusion, an artificial intelligence tool that makes digital art, has reached unicorn status …
Kyle Wiggers / TechCrunch:
Enable, which lets B2B companies manage their rebate programs, raised a $94M Series C led by Insight Partners, bringing its total funding to $156M  —  Enable, a startup selling access to a platform that helps business-to-business (B2B) companies manage their rebate programs …
Bryan Pietsch / Washington Post:
A recent Kakao outage has raised monopoly concerns in South Korea; the company had previously claimed it had ~47.5M active users in the country of 51M+ people  —  SEOUL — In South Korea, Kakao is ubiquitous.  Nearly everyone, from schoolchildren to the elderly, uses the Korean tech company's apps …

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