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February 11, 2023, 5:25 PM
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| Financial Times: |
Sources: Meta delayed finalizing multiple teams' budgets while preparing a fresh round of job cuts, slowing down projects even for the metaverse and advertising — Mark Zuckerberg's aim of wrestling costs in his ‘year of efficiency’ causes disruption at the social media company
More:
Forbes, Appuals.com, Mashable, Reuters, and Engadget
Tweets: @ingmire, @01core_ben, and @justpavankumar
| Bloomberg: |
Source: PayPal is pausing work on its stablecoin as regulators increase their scrutiny of cryptocurrencies and its key partner Paxos faces a probe in New York — PayPal Holdings Inc. is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner …
More:
CoinDesk, Reuters, Bitcoin News, Crypto Daily, Bitcoinist.com, Cryptopolitan, Watcher Guru, Ethereum World News, CryptoSlate, CNET, Fortune, The Information, The Block, Coinspeaker, Cointelegraph, Cryptonews, and Forkast
Tweets: @thinkingcrypto1, @arturo_p_a, @mdudas, and @mdudas
| Clare Duffy / CNN: |
Pathmatics estimates the monthly revenue from Twitter's top 1,000 advertisers fell 60%+ from around $127M in October 2022 to just over $48M by January 25, 2023 — New York CNN — — More than half of Twitter's top 1,000 advertisers in September were no longer spending on the platform …
More:
The Verge, Center for Countering …, Insider, and Mashable
Tweets: @ccdhate, @charles_gaba, @helenkennedy, @pnewman51, @scottjshapiro, @grady_booch, and @paulachertok
| Jonathan Greig / The Record: |
The City of Oakland confirms reports of a ransomware attack on its networks but says that 911, financial data, and fire and emergency resources weren't impacted — The City of Oakland confirmed reports that its networks had been hit with ransomware after rumors emerged online that several agencies …
More:
The San Joaquin Valley Sun, BleepingComputer, City of Oakland, Security Affairs, and Mercury News
Tweets: @liammcurley, @hyphy_republic, @brettcallow, and @therecord_media
| Charlotte Van Campenhout / Reuters: |
An advertising joint venture by Deutsche Telekom, Orange, Telefonica, and Vodafone to rival Meta and Google wins unconditional EU antitrust approval — Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA), Telefonica (TEF.MC) and Vodafone (VOD.L) on Friday secured unconditional EU antitrust approval …
More:
European Commission. Tweets: @astaniscia86, @wolfiechristl, @montezumachavez, and @robertjbateman
| Kevin McLaughlin / The Information: |
Source: Microsoft shut its Industrial Metaverse Core team, formed in October 2022 to build tools for industrial settings, and laid off the team's ~100 employees — In a surprising reversal, Microsoft has killed a team it formed four months ago to help customers use the metaverse in industrial settings …
More:
Blockworks, DCD, Cryptonews, Metaverse Post, BigTechWire, and CoinDesk
Tweets: @pradeepviswav and @e3waitfor2020
| Dina Bass / Bloomberg: |
| John Herrman / New York Magazine: |
How Rumble, which claims to have 71M MAUs, became the only success story in right-wing social media by letting creators who are banned elsewhere monetize video — For a moment, the right's longtime dream of an alternative social media seemed within reach. Various companies had been trying …
Tweets: @jwherrman, @ben_kew, and @ggreenwald
| Benedict Evans: |
A 2023 overview of macro tech trends, focusing on the e-commerce slowdown, layoffs, Amazon, advertising, and generative AI opportunities beyond text and images — Presentations Every year, I produce a big presentation exploring macro and strategic trends in the tech industry. This year, ‘The New Gatekeepers’.
More:
The Atlantic, Observer, Tech Xplore, and Redmond Pie
Tweets: @marshallk, @perplexity_ai, @jonathankriner, @mirkolorenz, @marshallk, @tonicowanbrown, @benedictevans, and @cjpberry
| Andy Greenberg / Wired: |
A look at Sinbad.io, a Bitcoin mixer launched in October 2022 that appears to have become the preferred outlet for North Korean hackers to launder stolen crypto — The world's most prolific crypto thieves have used Sinbad.io to launder tens of millions. Its creator, “Mehdi,” answers WIRED's questions.
Tweets: @a_greenberg
| Antonio Olivo / Washington Post: |
Some local legislators and residents in Northern Virginia, home to ~275 data centers with dozens more planned, complain of land use, cooling fan noise, and more — A drone soared over a cluster of data center buildings in Northern Virginia, recording video of rooftop exhaust fans whose constant whir … | David Adeleke / Rest of World: |
Lagos-based Jumia, once hailed as the “Amazon of Africa”, has seen its stock drop 85%+ since its April 2019 IPO amid falling customer growth and mounting losses — Its stock has fallen 70% since its IPO as growth stalls and operating losses mount. — • ABUJA, NIGERIA
Tweets: @ulonnaya, @restofworld, @eajene, and @naijaflyingdr
| Michael Kan / PCMag: |
Mercury Research: x86 CPU shipments from Intel, AMD, and others fell 34% YoY and 19% QoQ in Q4, the biggest drops in 30 years; 374M units were shipped in 2022 — Low demand and excess inventory cause a huge decline in x86 CPU shipments for Q4, according to Mercury Research.Sponsor Posts
ElevenLabs:
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Zoho:
Introducing the sandbox environment: Safely test and optimize e-signature workflows — Changes are an inevitable part of any workflow. The average agreement workflow involves recipients across organizations …
Introducing the sandbox environment: Safely test and optimize e-signature workflows — Changes are an inevitable part of any workflow. The average agreement workflow involves recipients across organizations …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Big Technology Podcast:
Anthropic's Mythos Dilemma, Violence Against AI, Tokenmaxxing at Meta
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
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Hard Fork:
Anthropic's Cybersecurity Shock Wave + Ronan Farrow and Andrew Marantz on Their Sam Altman Investigation + One Good Thing
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
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The Upstarts Podcast:
Decagon's Jesse Zhang: Closing Customer Service Doom Loops With AI Concierges
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
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Access:
OpenClaw for normies is here
A show about the tech industry's inside conversation, hosted by tech reporter Alex Heath and founder whisperer Ellis Hamburger.
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The Nick, Dick and Paul Show:
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Nick Bilton, Dick Costolo, and Paul Kedrosky pull back the curtain on AI, startups, and the future rushing toward us, all with healthy dose of irreverence.
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Tools and Weapons with Brad Smith:
Ryan Roslansky: Turning AI Anxiety into Skills for the Future of Work
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
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