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January 21, 2023, 2:45 AM
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WeSmirchTop News
| Bloomberg: |
Alphabet plans to cut ~12,000 jobs, 6%+ of its global workforce; CEO Sundar Pichai says he takes “full responsibility for the decisions that led us here” — Google parent Alphabet Inc. said it will cut about 12,000 jobs, more than 6% of its global workforce …
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The Keyword, Wall Street Journal, Reuters, The Verge, NPR, GSMArena.com, TechCrunch, Fortune, Tech.co, TIME, Ars Technica, Insider, CNBC, PYMNTS.com, GeekWire, PCWorld, WinBuzzer, TechSpot, Patently Apple, GamesIndustry.biz, and PhoneArena
Mastodon: @tw@cantos.social, @lauren@mastodon …, @kat_kime@hachyderm.io, @zachklipp@androiddev.social, @asg@hachyderm.io, @rklau@sfba.social, @BMorearty@techhub.social, @gredelston@cyberplace.social, @sladner@mastodon.social, @phire@phire.place, @heyjovo@tech.lgbt, @gredelston@cyberplace.social, @caseynewton@mastodon.social, and @Gartenberg@mastodon.social
Tweets: @readdanwrite, @google_comms, @gergelyorosz, @alphabetworkers, @kvanaren, @theferocity, @mikegcoleman, @carnage4life, @smydrad, @feefyou, @theinformation, @martinsfp, @carnage4life, @jenn_elias, @dcwaladesi, @barstoolnate, @readdanwrite, @daveyalba, @benbajarin, @saxena_puru, @jezcorden, @krystalball, @carnage4life, @robgiampietro, @amberkanwar, @gergelyorosz, @mediumsizemeech, @richardjnieva, @yuhline, @aparanjape, @thee_chadd, @chrisstigall, @mattyglesias, @nixcraft, @ulonnaya, @thetranscript_, @iatalkspace, @rustybrick, @srussolillo, @schuldensuehner, @katebevan, @lhm1, and @mrmbrown
| New York Times: |
Emails and sources: Google fired 16% of its ~400-person Fuchsia OS team, Research cut jobs in low traction areas, and Cloud cut operational and other roles — The layoffs amount to about 6 percent of the global work force at the company, the latest tech giant to make cuts after a pandemic hiring spree.| Julia Love / Bloomberg: |
Google cuts most of the Area 120 team and will graduate three of the incubator's projects in 2023; sources: staff not involved in those projects were laid off — Alphabet Inc.'s Google has cut most of the jobs at Area 120, its in-house incubator for new projects, as part of a broad wave of layoffs across the company.| Emily Baker-White / Forbes: |
According to six employees and an internal doc, TikTok and ByteDance staff engage in “heating”, or inflating video view counts, to court influencers and brands — TikTok and ByteDance employees regularly engage in “heating,” a manual push that ensures specific videos …
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The Verge, The Information, Insider, Gizmodo, Adweek, SlashGear, Watch Me Write, Search Engine Land, and Semafor
Mastodon: @EgyptianAphorist …, @remixtures@tldr.nettime.org, and @ebakerwhite@journa.host
Tweets: @trungtphan, @stokel, @daveleeft, @chinmayiarun, @mattnavarra, @aginnt, @davemcclure, @dellcam, @atrachelgilmore, @_shamgod, @michaelsobolik, @carnage4life, @ali_lev, @lollardfish, @morgan_sung, and @lizperle. Thanks:@schwabkatharine
| Sarah Wynn / The Block: |
The US SEC charges Avraham Eisenberg with manipulating Mango Markets' governance token MNGO to steal $116M of crypto assets and says MNGO was sold as a security — - The SEC brought charges against Avraham Eisenberg on Friday after the U.S. securities regulator said Eisenberg stole $116 million from Mango Markets.| Lora Kolodny / CNBC: |
Internal records: Twitter now has around 1,300 active employees, including fewer than 550 full-time engineers, and about 1,400 non-working employees — - Internal records show that Twitter has shed about 80% of its employees since Elon Musk took over and headcount is hovering around 1,300 employees today.
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The Register, CoinGape, and Engadget
Tweets: @elonmusk, @yourlittldogtwo, @mpawlo, and @carnage4life
| Dietrich Knauth / Reuters: |
US prosecutors provide a list of ~$700M worth of Sam Bankman-Fried's seized assets, including ~$525M in Robinhood stock and $94.5M cash at Silvergate Bank — Federal prosecutors have seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood stock …
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CNBC, CNET, Washington Post, The Hill, Decrypt, Cointelegraph, Coinpedia Fintech News, Bitcoinist.com, and Fortune
Tweets: @notsuitman and @firstadopter
| Mia Sato / The Verge: |
In a staff call, CNET and Red Ventures executives said they were pausing AI-generated content on CNET and other websites and detailed their proprietary AI tool — The call, which lasted under an hour, was held a week after CNET came under fire for its use of AI tools on stories …
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Futurism, Engadget, and Top Startups 2023
Tweets: @marie_haynes, @juwanthewriter, and @miarsato
| The Verge: |
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Futurism, Second Guess, 9to5Google, Washington Post, Search Engine Land, TheStreet, and Techaeris
Tweets: @miarsato, @velocciraptor, @corintxt, @lukeplunkett, @rmc031, @chafkin, @smashdawg, @shashj, @pkedrosky, @billyhottakes, @pt, @shashj, @mcwm, @teddyamen, @yoda, @rustybrick, @michellemanafy, @marie_haynes, @peterkirn, @jjvincent, @jjvincent, @vahn16, @jake_k, @tristanacooper, @alexeheath, and @paleofuture
| Can Duruk / Margins: |
The main reason ChatGPT is a threat to Google is because the latter's monopoly position allowed search to degenerate into a spam-ridden, SEO-fueled hellscape — I hate monopolies and welcome our AI overlords … I don't really cook often, but I do love making pasta aglio e olio.
Tweets: @msuster, @can, @trevorloy, @mausellmoli, @kbr0o, @jurajsalapa, @mcwm, and @chris_said
| Nico Grant / New York Times: |
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Livemint, The Verge, The Information, Android Authority, Bloomberg, AI News, 9to5Google, PCMag, Digital Trends, MobileSyrup, TheStreet, Fortune, iPhone in Canada Blog, SlashGear, BigTechWire, Windows Central, Gizchina, Search Engine Land, Engadget, CNET, Bluejobpool's Substack, Appuals.com, and Beyond Search
| Ryan Weeks / The Block: |
Bankruptcy filing: Genesis Global owes more than $3.6B to its top 50 creditors, including $766M to the Winklevoss' Gemini Trust Company and $151M to Mirana — - Genesis Global filed for bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York.
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CoinDesk, Big Fundamentals in Crypto, Fortune, and Cointelegraph
Tweets: @shaig, @poordart, and @sujaljethwani
| Kevin Simauchi / Bloomberg: |
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Kroll Restructuring Administration, Genesis, The Block, CoinDesk, Coinpedia Fintech News, The Block, Cointelegraph, CryptoSlate, CoinDesk, CryptoPotato, Wall Street Journal, Bitcoinist.com, BTC Times, Neowin, Crypto Briefing, Financial Times, Bitcoin Magazine, Associated Press, SiliconANGLE, Gizmodo, and Reuters
Tweets: @cameron, @cameron, @benbybit, @hsakatrades, @alphaketchum, @peckshieldalert, @hsakatrades, @mikealfred, @sonalibasak, @ap_abacus, @adamscochran, @dogetoshi, @simondixontwitt, @doveywan, @coindesk, @fredwalton216, @hodlkryptonite, @muncheds3, @joeconsorti, @ashcryptoreal, @tsm_leffen, @gainzy222, @crypto_mckenna, @mikealfred, @nansen_ai, @kamikaz_eth, @simondixontwitt, @nansen_ai, @chrisblec, @unusual_whales, @basedkarbon, @cameron, @gergelyorosz, @watcherguru, @jjauthor, @anoniemxbt, @evan_van_ness, @dylanleclair_, @autismcapital, @doveywan, @adamscochran, and @wublockchain
| Josh Scott / BetaKit: |
Waterloo-based Magnet Forensics, which develops digital investigation software, agrees to be acquired by Thoma Bravo for CA$1.8B — Kitchener-Waterloo's Magnet Forensics has entered into a definitive agreement to be acquired by software-focused American private equity firm Thoma Bravo.
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TechCrunch, Business Wire, The Logic, Reuters, thecragandcanyon, therecord.com, Canadian Press, and Bloomberg
Tweets: @megesimpson, @paulandreola, and @julianklymochko
| Natasha Singer / New York Times: |
How Dutch privacy negotiators, empowered by GDPR, have spurred major changes at Google, Microsoft, Zoom, and others, as the Netherlands punches above its weight — Dutch privacy negotiators have spurred major changes at Google, Microsoft and Zoom, using a landmark European data protection law as a lever.
Tweets: @avilarenata, @coolshannes, @juliesbrill, and @jason_kint
| Bloomberg: |
AWS will spend $35B on new data centers in Virginia by 2040, creating ~1,000 jobs, in exchange for tax breaks and potential performance grants of up to $140M — Amazon.com Inc.'s cloud unit will spend $35 billion on new data centers in Virginia by 2040, underscoring its determination …
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Washington Post, Associated Press, SiliconANGLE, The Information, Reuters, iTnews, and DCD. Tweets: @technology
| Sarah Whitten / CNBC: |
Netflix Q4: revenue up 1.9% YoY to $7.85B, $55M net income, down from $607M YoY, and 231M paid memberships, adding 7.66M vs. 4.57M est.; stock closed up 8.46% — - Netflix added 7.66 million paid subscribers during the fourth quarter, more than the 4.57 million Wall Street expected.| Anna Nicolaou / Financial Times: |
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About Netflix, Financial Times, GamesIndustry.biz, and Silicon Valley Business …
Tweets: @reedhastings and @reedhastings
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