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October 18, 2022, 8:40 AM
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Top News

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 …
Natasha Lomas / TechCrunch:
Meta confirms it will divest itself of Giphy globally after UK's CMA gives a final order to sell the company, following a court-ordered reassessment 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.
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 …
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
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:
Sources: Apple freezes its plans to use YMTC memory chips in its products, including iPhones, following the latest US export controls on China's tech sector
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 …
Kyle Wiggers / TechCrunch:
RisingWave Labs, which is developing a data stream processing service, raised a $36M Series A led by Yunqi Partners, bringing its total funding to $40M+  —  RisingWave Labs, a company developing a platform for data stream processing, today announced that it raised $36 million in a Series …
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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From Mediagazer

Alex Ritman / Variety:
In Channel 4's 2025 Alternative Christmas Message, Jimmy Kimmel said “tyranny is booming” in the US and, on his ABC suspension, “We won, the president lost”

Todd Spangler / Variety:
Trump says Stephen Colbert is a “pathetic trainwreck” and “CBS should, ‘put him to sleep,’ NOW”, after CBS aired a Late Show rerun in which Colbert mocked Trump

Rebecca Rubin / Variety:
Disney crosses the $6B milestone at the box office for the first time since the COVID-19 pandemic; no other studio has managed to reach $6B since 2015

More News

Masha Borak / Wired:
New research, which details pro-Kremlin edits made to the English Wikipedia page for the Russo-Ukrainian war, could be used to create models to detect disinfo
David Rand / Financial Times:
Research: crowdsourced fact-checking can improve social media moderation by channeling partisan motivations to be productive if opposing sides police each other
Mia Sato / The Verge:
TikTok plans to raise the age requirement for hosting a livestream from 16 to 18 on November 23 and let hosts limit their livestreams to adult-only audiences

Earlier Picks

Nikhilesh De / CoinDesk:
Filing: Texas' securities regulator is investigating crypto exchange FTX US over allegations the company offers unregistered yield-bearing securities products
Ann-Marie Alcántara / Wall Street Journal:
A look at Gas, an iOS app for teens to “gas each other up”; Data.AI: Gas had 500K+ downloads since its August launch, despite being limited to a few US states
Jon Porter / The Verge:
Parler agrees to be acquired by Ye, formerly Kanye West, to create “an uncancelable ecosystem where all voices are welcome”; the deal is set to close in Q4 2022
More: Parler, DCD, Insider, Gizmodo, Engadget, Axios, CNBC, ABC, Reuters, The Guardian, New York Times, Ars Technica, BRIGHT, Android Headlines, Wall Street Journal, Coinspeaker, CNN, Marš!, Slate, Livemint, TheStreet, Telecoms.com, Snobette News, BetaNews, Forbes, Social Media Today, Vox, Politico, Protocol, The Register, Associated Press, Adweek, CNET, SlashGear, MobileSyrup, iPhone in Canada Blog, Reclaim The Net, Decrypt, Bloomberg, BBC, Fortune, The Desk, Observer, Financial Times, PCMag, AfroTech, TheGamer, KnowTechie, USA Today, FinSMEs, MacDailyNews, TechCrunch, IGN, City A.M., TechSpot, Deadline, Memeburn, Insider, The Independent, Sky News, iMore, and Dexerto
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