Techmeme
February 12, 2023, 10:20 PM

Top 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
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 …
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.
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.
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.
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: ByteDance's Pico more than tripled its share of the global VR market YoY to ~15% by Q3 2022 while Meta's 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  —  How TikTok Could Become a U.S. Company
Jennifer Elias / CNBC:
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 …
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 …
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 …
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.

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More News

Louise Matsakis / Semafor:
Antonio Olivo / Washington Post:

Earlier Picks

Benedict Evans: