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January 20, 2023, 4:10 PM
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| Bloomberg: |
Memo: 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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| Kevin Simauchi / Bloomberg: |
Crypto lender Genesis Global files for Chapter 11 bankruptcy in New York, listing the estimated range for both assets and liabilities as between $1B and $10B — Cryptocurrency lender Genesis Global Capital filed for bankruptcy, the latest firm to collapse in the aftermath of FTX's swift downfall.
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| 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, Cointelegraph, Fortune, The Weekly Update, Decrypt, and Cryptopolitan
| Nico Grant / New York Times: |
Sources: Google executives met with Larry Page and Sergey Brin in December to discuss AI products; Google plans to demo web search with chatbot features in 2023 — A rival chatbot has shaken Google out of its routine, with the founders who left three years ago re-engaging and more than 20 A.I. projects in the works.
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Tweets: @schuldensuehner, @sociogeeks_, @nicoagrant, @modestproposal1, @trippmickle, and @kantrowitz
| 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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Search Engine Land, Digiday, Adweek, Gizchina, and Ad Age
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| The Verge: |
Source: CNET owner Red Ventures has used AI tools like Wordsmith to write stories for at least a year and a half, causing unease amid layoffs and restructuring — Fake bylines. Content farming. Affiliate fees. What happens when private equity takes over a storied news site and milks it for clicks?
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Futurism, The Verge, 9to5Google, Washington Post, Search Engine Land, TheStreet, and Second Guess
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| Bloomberg: |
Sources: Nintendo plans to increase production of its six-year-old Switch console in the coming fiscal year, starting in April 2023, as demand remains strong — Nintendo Co. plans to increase production of its six-year-old Switch console in the coming fiscal year after shipping roughly 21 …
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The Verge, Game Developer, Tom's Hardware, MobileSyrup, TheGamer, Video Games Chronicle, TechRadar, Game Rant, Pocket-lint, GamesIndustry.biz, Gameranx, The Shortcut, Destructoid, iPhone in Canada Blog, and GameSpot
Tweets: @6d6f636869, @jackal27, @godfree, and @blun_z
| Catherine Larkin / Bloomberg: |
SEC filing: T-Mobile says a hacker stole the data of ~37M customers, including names, addresses, and phone numbers, but not passwords, SSNs, or credit cards — T-Mobile US Inc. said a hacker obtained data for 37 million customer accounts, though it didn't include payment card information or personal identifying numbers.
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T-Mobile, Reuters, Wall Street Journal, Washington Post, TechCrunch, Adam Levin, SEC.gov, Associated Press, CNET, HotHardware, New York Times, XDA Developers, The Week, Krebs on Security, Android Central, Gizmodo, The Verge, USA Today, CNN, Appuals.com, HackRead, Laptop Mag, TechCircle, TechSpot, TechRadar, The Record, Android Police, Coinspeaker, Graham Cluley, and PCMag
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| Drew Harwell / Washington Post: |
Experts argue that 24+ US states banning TikTok is a reflection of government groupthink and an overreaction to an app that officials don't entirely understand — Some states' have copied others' wording, including mistakes, as some professors complain the bans rob them of a teaching tool
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The Guardian, USA Today, AfroTech, BGR, Observer, Semafor, and The Information
Tweets: @neontaster, @evan_greer, @shiraovide, and @ebakerwhite
| 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, and @juliesbrill
| Brian Fung / CNN: |
Meta, Twitter, Microsoft, Yelp, Reddit, the EFF, and more file amicus briefs backing Google in Gonzalez v. Google, asking SCOTUS to keep Section 230 protections — A wide range of businesses, internet users, academics and even human rights experts defended Big Tech's liability shield Thursday …
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Ars Technica, Computerworld, Search Engine Land, Financial Times, and Bloomberg. Tweets: @b_fung
| Jagmeet Singh / TechCrunch: |
India releases rules on social media influencers and virtual avatars promoting products without disclosing payment, adding an up to ~$12.3K fine for violations — As the market of social media influencers is getting bigger in India, the South Asian nation has introduced endorsement guidelines …
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YouTube, Livemint, The Guardian, Hindustan Times, TechCircle, The Economic Times, Moneycontrol, India Today, MediaNama, and Inc42 Media
Tweets: @medianama, @3011_ajit, and @pib_india
| Ronan Shields / Digiday: |
Sources: Google is pushing advertisers to work with third-party resellers directly as it seeks to reduce its overheads related to advertising services — Alphabet today has confirmed that it plans to cut 12,000 jobs, reportedly the largest round of layoffs in its history … | Sarah Whitten / CNBC: |
Netflix Q4: revenue up 1.9% YoY to $7.85B, $55M net income, down from $607M YoY, 231M paid memberships, adding 7.66M subscribers vs. 4.57M est.; stock is up 8%+ — - 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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