Techmeme
March 7, 2023, 8:05 AM

Top News

Platformer:
Source: Twitter broke on Monday after the only site reliability engineer assigned to the project for migrating to a paid API made a “bad configuration change”  —  The high cost of cutting expenses  —  Twitter's website is breaking in novel new ways — and while the company managed …
Bloomberg:
Sources: Meta plans to cut thousands of jobs as soon as this week after eliminating 13% of its staff, or 11,000 jobs, in November 2022 in its first major layoff  —  Meta Platforms Inc., the owner of Facebook and Instagram, is planning a fresh round of layoffs and will cut thousands of employees …
The Block:
FTX files a lawsuit against Grayscale, CEO Michael Sonnenshein, DCG, and Barry Silbert, citing $1.3B+ in “exorbitant management fees” and seeking $550M+ shares  —  - FTX' debtors are suing Grayscale Investment, its owners and its CEO over their handling of the Grayscale Bitcoin …
Brody Ford / Bloomberg:
Atlassian plans to cut 500 jobs, or ~5% of its workforce; a filing says the company will incur about $70M to $75M in restructuring costs through the end of June  —  Atlassian Corp. will cut about 5% of its workforce, or 500 full-time employees, becoming the latest software company to eliminate jobs.
New York Times:
After Instagram added a prompt to cross-post on Facebook, sources say at Meta's request, some young adults express surprise that their posts are on Facebook  —  Teenagers and young adults are flummoxed.  The reason it keeps happening involves an online prompt and product design.
David McCabe / New York Times:
Sources: The White House has given feedback on a draft bipartisan TikTok bill and is considering asking Congress for more legal powers to police certain apps  —  In a strategy shift, the Biden administration is increasingly pointing to Congress to give it more legal power to deal with TikTok …
Tom Warren / The Verge:
Microsoft makes Outlook for Mac free to use, no longer requiring an Office license or a Microsoft 365 subscription  —  Microsoft is making Outlook for Mac free to use today. … It's a surprise move that coincides with Microsoft's push to make its Windows desktop Outlook email client more web-powered.

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More News

David Pierce / The Verge:
Wall Street Journal:
Andrea Petersen / Wall Street Journal:
Cam Thompson / CoinDesk:

Earlier Picks

Dina Bass / Bloomberg:
Associated Press: