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Sources: Elon Musk fired a Twitter engineer for suggesting that his engagement numbers are tanking not because of a bug but because his popularity is waning — Inside Twitter 2.0, turmoil leaves employees stretched to the max — For weeks now, Elon Musk has been preoccupied with worries about how many people are seeing his tweets.| Chris Stokel-Walker / Fast Company: |
Former staff say Twitter needs to update its systems to enact changes sought by Elon Musk, but mass layoffs have forced frequent code freezes — Twitter's outage on Wednesday, which saw the site rendered unusable for most users by blocking people from tweeting within the app … | Dina Bass / Bloomberg: |
Sources: Microsoft cuts jobs in its Surface, HoloLens, and Xbox units; heavy cuts to the HoloLens hardware team raise questions about the goggles' third version — Microsoft Corp., implementing the layoff of 10,000 workers announced last month, on Thursday cut jobs in units including Surface devices … | Maria Deutscher / SiliconANGLE: |
Microsoft's GitHub cuts 10% of its staff, or an estimated 300+; GitLab cuts 7%, or an estimated 114; report: GitHub will close offices and shift to remote work — Microsoft Corp.'s GitHub unit and publicly traded rival GitLab Inc. today both announced layoffs, disclosing plans to let go 10% and 7% of their respective workforces.| Manish Singh / TechCrunch: |
Sources: Amazon is in talks with Times Internet to buy MX Player, one of India's top VOD streaming services; Times Internet bought MX Player for $140M in 2018 — Amazon is engaging with Times Internet to explore the acquisition of MX Player, one of the largest on-demand video streaming services in India … | Sara Fischer / Axios: |
Yahoo plans to lay off 20%+ of its workforce and restructure its ad tech unit, impacting 50%+ of the unit, or 1,600+ people; CEO says the cuts are “strategic” — Yahoo plans to lay off more than 20% of its total workforce as part of a major restructuring of its ad tech unit, executives told Axios.| Lawrence Abrams / BleepingComputer: |
Reddit suffered a cyberattack on February 5 during which hackers accessed some documents, code, and business systems; the company says users' passwords are safe — Reddit suffered a cyberattack Sunday evening, allowing hackers to access internal business systems and steal internal documents and source code.| CNBC: |
PayPal says its CEO and president Dan Schulman will retire and leave the company at the end 2023; Schulman, who became CEO in 2015, will stay on PayPal's board — - Schulman became PayPal CEO after the company's split from eBay in 2015. — PayPal said on Thursday that CEO and president Dan Schulman … | Michael Wayland / CNBC: |
GM signs a long-term deal with GlobalFoundries to establish exclusive production capacity at the chip maker's New York facility for GM's key auto suppliers — - GM has signed a long-term agreement with GlobalFoundries to establish exclusive production capacity of U.S.-produced semiconductor chips, the companies announced Thursday.| Ted Chiang / New Yorker: |
As ChatGPT and other LLMs repackage info into superficial approximations, like lossy compression for images, the web will become a blurrier version of itself — OpenAI's chatbot offers paraphrases, whereas Google offers quotes. Which do we prefer? — In 2013, workers at a German … | Rachael Levy / Reuters: |
The US DOT is investigating Neuralink over the potentially illegal movement of hazardous pathogens, after animal welfare group PCRM wrote to Pete Buttigieg — The U.S. Department of Transportation said on Thursday it is investigating Elon Musk's brain-implant company Neuralink … | Dean Takahashi / VentureBeat: |
Light Field Lab, which develops 3D holograms that users can speak and interact with without glasses, raised a $50M Series B led by NCSoft — Light Field Lab has raised $50 million to manufacture and commercialize its SolidLight holographic display platform.| Bloomberg Law: |
A US jury finds an artist violated Hermès' rights to the Birkin trademark in 2021 by creating and selling MetaBirkin 100 NFTs depicting versions of the handbags — Luxury brand Hermès International SA won its lawsuit against the digital artist behind “MetaBirkin” … | Austin Weinstein / Bloomberg: |
Kraken agrees to pay $30M and discontinue its crypto-asset staking products to settle SEC allegations that its staking services broke US securities rules — Kraken will pay $30 million to settle Securities and Exchange Commission allegations that it broke US securities rules … | Rohan Goswami / CNBC: |
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| Kathryn Hardison / Wall Street Journal: |
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| Bloomberg: |