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February 12, 2023, 2:05 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
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Reuters, City A.M., Engadget, Fortune, Bitcoinist.com, Forbes, Appuals.com, and Mashable
Tweets: @jotrader4, @justpavankumar, @ingmire, and @01core_ben
| 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, Engadget, Opera Desktop, Thurrott, 9to5Google, iPhone in Canada Blog, Neowin, Appuals.com, Slashdot, TechRadar, Digital Trends, BGR, Tech Startups, and gHacks Technology News
Tweets: @opera, @chronotope, @tomwarren, @parkerortolani, @fairlight_cap, @glenngabe, @kantrowitz, @austinnotduncan, @gdb, @chrismessina, and @pbcinc
| 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 …
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Reuters, CoinDesk, Crypto Daily, Bitcoin News, CryptoSlate, Watcher Guru, Cryptopolitan, Bitcoinist.com, Ethereum World News, CNET, Fortune, The Information, and The Block
Tweets: @arturo_p_a, @thinkingcrypto1, @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, Gizchina, and Insider
Tweets: @helenkennedy, @pnewman51, @scottjshapiro, @charles_gaba, @grady_booch, @paulachertok, @ccdhate, @timkarr, and @alphacentauriii
| 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 …
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BleepingComputer, The San Joaquin Valley Sun, City of Oakland, Security Affairs, and Mercury News
Tweets: @liammcurley, @hyphy_republic, @brettcallow, and @therecord_media
| 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.| 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
| 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, @ggreenwald, and @ben_kew
| 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:
Observer and Tech Xplore
Tweets: @svnkrmr, @marshallk, @perplexity_ai, @mirkolorenz, @jonathankriner, @marshallk, @tonicowanbrown, and @benedictevans
| 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, @mit_csail, @quantamagazine, @quantamagazine, @ramin_m_h, @glenngabe, and @quantamagazine
| Jonathan Vanian / CNBC: |
Meta's limited ad targeting options and Amazon's ad product investments are leading brands to shift their budgets to Amazon; Amazon's ad business grew 19% 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: @onelikeapp, @lorakolodny, @glenngabe, @carnage4life, @kjgillenwater, @creemer14, @mallik70, and @mattnavarra
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