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January 23, 2023, 8:50 AM
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memeorandum
WeSmirchTop News
| Eva Mathews / Reuters: |
Spotify plans to lay off ~6% of its workforce, or roughly 600 jobs, says content head Dawn Ostroff will leave, and reorganizes engineering and product groups — Music streaming firm Spotify plans to cut 6% of its workforce, the company said on Monday, a move that will add to a glut of layoffs …
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Spotify, Engadget, Livemint, Associated Press, New York Times, TechCrunch, Financial Times, Tech.eu, Insider, CNN, The Verge, Axios, Bloomberg, New York Post, Deadline, Music Ally, Variety, Wall Street Journal, Top Startups 2023, London Evening Standard, Tech.co, The Hollywood Reporter, CNBC, The Irish Times, Fortune, and Livemint
| David Pan / Bloomberg: |
Binance says Signature Bank will only handle transactions of over $100,000, starting on February 1, as the US bank decreases its exposure to crypto markets — Binance, the world's largest cryptocurrency exchange, said Signature Bank will only handle user transactions of more than $100,000 … | Wall Street Journal: |
Sources: activist investor Elliott Management acquired a multibillion-dollar Salesforce stake; a partner says the firm has “a deep respect for Marc Benioff” — Elliott Management makes a multibillion-dollar investment in the business-software provider
More:
Barron's Online, The Guardian, Insider, New York Times, The Information, Bloomberg, SiliconANGLE, Axios, Reuters, and Financial Times
Tweets: @divestech, @stockmktnewz, @economyapp, @briansozzi, @saraheneedleman, @jason, @jessecohn4, @danprimack, @jessecohn4, @laurenthomas, and @martinsfp
| Joseph Menn / Washington Post: |
Researchers and ex-Twitter staff: physical attacks in the US track with Twitter spikes in some hate speech, notably anti-Semitic and anti-gay slurs and rhetoric — SAN FRANCISCO — Earlier this month, the FBI charged a Florida man with making detailed online threats to murder 100 gay people.| Rolling Stone: |
Sources: Donald Trump does not want to renew his Truth Social exclusivity contract, expiring in June 2023, and is asking associates for first tweet suggestions — The ex-president is planning his first tweets with a few months to go on his Truth Social contract
More:
The Independent and Bloomberg
Tweets: @jessefferguson, @donmoyn, @mattnavarra, @jason_kint, @amoneyresists, @rollingstone, @goldman, @rollingstone, @kimmasters, @therickwilson, and @jyarow
| Mark Gurman / Bloomberg: |
Analysis: Apple timed the MacBook Pro, Mac mini, and HomePod launches to boost this quarter's revenue and avoid suffering supply issues in the holiday season — Apple timed the launch of the new MacBook Pro, Mac mini and HomePod to shore up its current quarter's revenue …
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9to5Mac, Philip Elmer‑DeWitt, 9to5Mac, BGR, iPhone in Canada Blog, Digital Trends, Tom's Guide, Laptop Mag, PCMag, Cult of Mac, BGR, Engadget, The Verge, and MacRumors
Tweets: @samirkhazaka, @markgurman, and @dzierler
| AnnaMaria Andriotis / Wall Street Journal: |
Wells Fargo, BofA, JPMorgan, and four other banks are working on a digital wallet, managed by Zelle owner Early Warning Services, rolling out in H2 2023 — Financial institutions behind Zelle are working on a wallet for consumers to use at online checkout — Big banks are teaming …
More:
AppleInsider, CNBC, and CoinGape
Tweets: @aaronwall, @davecbenoit, @tmfjmo, @arturo_p_a, @annairrera, and @tunguz
| Tripp Mickle / New York Times: |
The recent tech layoffs highlight a generational divide between younger workers, experiencing their first downturn, and older workers, who have been here before — The industry's recent job cuts have been an awakening for a generation of workers who have never experienced a cyclical crash.
More:
BGR India and The Economic Times
Tweets: @neilmunrodc, @jamesfallows, @aaron_renn, @rr_edmonds, and @dorocren
| Janko Roettgers / Lowpass: |
Sources: Samsung is aiming to bring its free TV Plus streaming service to third-party TVs and is approaching rival manufacturers about the idea — Move FAST and make money … To grow the audience of its free TV Plus streaming service, Samsung is considering a move that seemed unthinkable …
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XDA Developers, The Verge, SamNews 24, Fossbytes, SamMobile, and Appuals.com
| Alexander Osipovich / Wall Street Journal: |
Genesis Global Capital's bankruptcy marks the end of an era of crypto lenders trying to bring the centuries-old banking model to digital currencies — Risk in crypto-lending sector was poorly managed, subjecting users to heavy losses after epic boom — The late-night bankruptcy filing …
Tweets: @acemaxx, @dr_cswright, and @aosipovich
| Cristina Criddle / Financial Times: |
A look at the challenge of moderating livestreams for children and vulnerable users, even if age verification can be improved and privacy concerns addressed — Abby Rayner was 13 when she first watched livestreams on Instagram that demonstrated self-harm techniques and encouraged viewers to participate.
Tweets: @mattnavarra, @mabsoud, @jimpethokoukis, @aadilbrar, @mr_james_c, and @cristinacriddle
| Karin Matussek / Bloomberg: |
Germany's cartel regulator opens an investigation into PayPal Europe over possibly hindering competition, including merchant rules for other payment services — Germany's antitrust regulator opened an investigation into PayPal Holdings Inc. over potential obstruction of competitors and restriction of price competition
More:
Reuters
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