| Bloomberg: |
Memo: Alphabet plans to cut around 12,000 jobs, more than 6% of its global workforce; Sundar Pichai says he takes “full responsibility” for the need to cut jobs — Google parent Alphabet Inc. said it will cut about 12,000 jobs, more than 6% of its global workforce … | Kevin Simauchi / Bloomberg: |
Crypto lender Genesis Global Capital files for Chapter 11 bankruptcy in New York, listing the estimated range for both assets and liabilities between $1B-$10B — Cryptocurrency lender Genesis Global Capital filed for bankruptcy, the latest firm to collapse in the aftermath of FTX's swift downfall.| Karissa Bell / Engadget: |
Twitter quietly updates its developer agreement with a clause banning third-party clients, after claiming the company was “enforcing long-standing API rules” — In case there was any doubt about Twitter's intentions in cutting off the developers of third-party apps … | Anna Nicolaou / Financial Times: |
Netflix co-founder Reed Hastings steps down as co-CEO but plans to stay on as executive chair; the company promotes COO Greg Peters to co-CEO with Ted Sarandos — Streaming company names new leadership as it looks to reset after ‘tough year’ in 2022 — Reed Hastings is stepping … | 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.| Emma Roth / The Verge: |
| 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.| Nico Grant / New York Times: |
Sources: Google executives met with Larry Page and Sergey Brin last month to discuss Google's AI efforts, as the company seeks to combat OpenAI's ChatGPT — 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.| 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 … | The Block: |
Crypto lender Nexo agrees to pay $45M in penalties to settle SEC and US state charges for failing to register the offer and sale of its Earn Interest Product — - The SEC charged Nexo for failing to register the offer and sale of its crypto asset lending product, called the Earn Interest Product.| Dean Takahashi / VentureBeat: |
A survey of 2,300+ game developers: 45% don't buy the promise of the metaverse, 53% support unionization, 91% say harassment by players is an issue, and more — Game developers are more skeptical of metaverse and blockchain projects, according to a new survey by the Game Developers Conference.| Iris Deng / South China Morning Post: |
Canalys: Xiaomi shipments in India fell 40% YoY in Q4 2022 amid government scrutiny, falling behind Samsung and Vivo after being the top seller for 20 quarters — Chinese smartphone giant Xiaomi was dethroned in India for the first time in five years by Samsung Electronics and Vivo … | The Verge: |
| Bloomberg: |
Ex-FTX US President Brett Harrison raised $5M for Architect, a new firm which will build crypto trading software for large investors, from Coinbase and others — Former FTX US President Brett Harrison has raised $5 million for a new crypto software startup from investors such as Coinbase Ventures … | Jagmeet Singh / TechCrunch: |
India releases rules on social media influencers and virtual avatars promoting content 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 … | Bloomberg: |
The Chinese government grants Didi permission to republish its apps on Apple's, Huawei's, Xiaomi's, and other app stores, after over a year of regulatory limbo — Didi Global Inc.'s main apps have returned to the country's biggest mobile stores, allowing the ride-hailing giant to resume growth …
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