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February 12, 2023, 10:15 PM
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memeorandum
WeSmirchTop News
| 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:
Reuters, PYMNTS.com, Bitcoinist.com, DCD, City A.M., SiliconANGLE, Engadget, Fortune, Appuals.com, Mashable, and Forbes
| Wall Street Journal: |
Sources: the SEC has told Paxos it plans to sue the crypto firm, alleging the Binance USD stablecoin, which it issues and lists, is an unregistered security — The agency has been intensifying its enforcement of major crypto players — The Securities and Exchange Commission …
More:
CoinDesk, Cointelegraph, and The Block
Mastodon: @davidgerard@circumstances.run. Tweets: @illneil, @wsjmarkets, @johnreedstark, @twobitidiot, and @northrocklp
| Emma Roth / The Verge: |
Opera says it is testing a new ChatGPT-powered “shorten” feature in its browser that provides bulleted summaries of articles or webpages in the sidebar — The feature, called “shorten,” is part of the company's broader plans to integrate AI tools into its browser, similar to what Microsoft's doing with Edge.
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CNBC, Opera Desktop, Appuals.com, Thurrott, 9to5Google, Engadget, iPhone in Canada Blog, Neowin, Slashdot, TechRadar, Digital Trends, BGR, Tech Startups, and gHacks Technology News
Tweets: @opera, @tomwarren, @chronotope, @glenngabe, @kantrowitz, @gdb, @chrismessina, @pbcinc, @parkerortolani, @austinnotduncan, and @fairlight_cap
| Mark Gurman / Bloomberg: |
Inside Apple's efforts to develop new financial services, which have suffered from slow progress and missed deadlines due to engineering and technical setbacks — Apple's slate of new financial services — including “buy now, pay later” offerings, savings accounts and an iPhone subscription program — have hit delays.
More:
AppleInsider, 9to5Mac, MacRumors, SlashGear, PhoneArena, Wccftech, Gizchina, 9to5Mac, and AppleInsider
Tweets: @business and @markgurman
| Steve Nadis / Quanta Magazine: |
A look at “liquid” neural nets, which change their underlying algorithms based on observed inputs, making them more flexible than standard ML neural networks — “Liquid” neural nets, based on a worm's nervous system, can transform their underlying algorithms on the fly, giving them unprecedented speed and adaptability.
Tweets: @quantamagazine, @glenngabe, @quantamagazine, @mit_csail, @quantamagazine, @ramin_m_h, and @quantamagazine
| Tiffany Hsu / New York Times: |
How a slowing digital ad market, Apple's ATT changes, tech companies' internal turmoil, weak content moderation, and more are contributing to a junk ad epidemic — Scrolling past ads has rarely been enjoyable. But in recent months, people say the experience seems so much worse.| Wall Street Journal: |
IDC: Pico, owned by ByteDance, gained ~15% of the global VR market share by Q3 2022, a 3x gain YoY; Meta's market share fell from 90% to ~75% in the same period — Pico, owned by ByteDance, has increased shipments of VR headsets as it attempts to compete with Meta's Quest 2
Tweets: @fbbagholder, @astaniscia86, @tarun78354271, @wsj, @hzhu_, @danharris, and @wavesblog
| Jennifer Elias / CNBC: |
Google staff criticize company leadership over the Bard announcement, calling the unveil “botched”, “myopic”, and “un-Googley” on the internal forum Memegen — - Google employees took to Memegen this week, filling the message repository with criticisms … | 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
| 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:
Gizchina, Insider, and The Verge
Tweets: @timkarr, @alphacentauriii, @helenkennedy, @ccdhate, @charles_gaba, @pnewman51, @grady_booch, @paulachertok, and @scottjshapiro
| 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:
BleepingComputer, The San Joaquin Valley Sun, City of Oakland, Security Affairs, and Mercury News
Tweets: @liammcurley, @hyphy_republic, @brettcallow, and @therecord_media
| Jonathan Vanian / CNBC: |
Meta's ad targeting restrictions and Amazon's ad product investments are leading brands to shift ad budgets to Amazon; Amazon's ad business grew 19% YoY in Q4 — - Facebook's more limited targeted capabilities coupled with Amazon's investment in ads products is leading a growing number of brands to shift their ad budgets.
More:
ADI Newsletter and SlashGear
Tweets: @lorakolodny, @glenngabe, @carnage4life, @onelikeapp, @kjgillenwater, @creemer14, @mallik70, and @mattnavarra
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