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May 19, 2023, 8:55 PM
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memeorandum
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| Lia Haberman / ICYMI: |
Meta briefed some creators on Instagram's decentralized text-based app that may launch in June 2023 with a Twitter-like design, Mastodon compatibility, and more — Meta's hosting secret meetings with select creators to share details — [a sneak peek at Instagram's new text-based app]
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The Verge, Bloomberg, PYMNTS.com, Gizmodo, The Information, Insider, Geekout Newsletter, iThinkDifferent, MobileSyrup, Social Media Today, Neowin, TechCrunch, Reuters, Android Central, BigTechWire, WeRSM, iPhone in Canada Blog, 9to5Mac, Engadget, PetaPixel, BGR, WinBuzzer, Business Post, and Pixel Envy
Mastodon:
@film_girl@mastodon.social, @noracodes@tenforward.social, @tchambers@indieweb.social, @rodhilton@mastodon.social, and @trochee@dair-community.social
Tweets:
@liahaberman, @liahaberman, @liahaberman, @hamids, @filipeesposito, @billym2k, @nash076, @smacula, @liahaberman, @mathewi, @danprimack, @sarahfrier, @liahaberman, @michaelsayman, @marvelle, @jcpunongbayan, @michaelguimarin, @kevincollier, @gregbensinger, @lamag, @alex__ha12, @goofrider, @mattnavarra, @mattmday, @sarahfrier, @lionvestgroup, @martinsfp, and @mattnavarra
| Financial Times: |
Sources: top shareholder SoftBank demanded compensation from Revolut after UK regulators told the startup to simplify its ownership to obtain a banking license — Minister to meet payment group's bosses amid fears UK's biggest tech group will leave the country
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Telegraph, The Information, The Block, Benzinga, Crowdfund Insider, Coinspeaker, Blockworks, Crypto Daily, AltFi, and Finextra
LinkedIn:
Alan Vaksman and Maarten Ectors
Tweets:
@alexh_johnson and @bondhack
| Jiyoung Sohn / Wall Street Journal: |
Sources: Samsung suspends an internal review into replacing Google with Bing as its mobile devices' default search engine, citing business relations with Google — Samsung Electronics suspends internal review that contemplated changing its smartphones' default search engine from Google to Microsoft's Bing
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Reuters, The Verge, PhoneArena, SamMobile, Android Central, ZDNet, Phandroid, Windows Central, 9to5Google, Thurrott, PCMag, Techaeris, Android Police, SlashGear, WinBuzzer, Neowin, Ars Technica, Wccftech, The Information, Pocket-lint, Droid Life, AppleInsider, Android Authority, Techlusive, iPhone in Canada Blog, and Barron's Online
Tweets:
@thurrott and @garyblack00
| Chance Miller / 9to5Mac: |
Apple shares its first App Store Transparency Report, listing app rejections, government requests, and more, as part of a settlement in a 2021 developer lawsuit — Earlier this week, Apple shared an in-depth look at how the App Store helped prevent fraud and protect developers and customers alike.
More:
Apple, AppleInsider, The Verge, iPhone in Canada Blog, and MacRumors
Mastodon:
@chrismessina@mastodon.xyz. Tweets:
@benedictevans, @benedictevans, @drbarnard, and @rjonesy
| Financial Times: |
A look at the proliferation of fake LinkedIn profiles; LinkedIn's transparency report says the company blocked 58M+ accounts in H2 2022, up from 22M in H1 — On the internet, nobody knows you bought a dog — William Grace-Hunter doesn't exist, though this may not be immediately obvious from his LinkedIn profile.| Byron Kaye / Reuters: |
The Australian Securities Exchange no longer plans to try to rebuild its software using blockchain, after “pausing” seven years of development in November 2022 — Australia's stock market operator said it will no longer attempt to rebuild its software platform with blockchain-based technology …
More:
Decrypt, The Information, Cointelegraph, Inside Bitcoins, Cryptonews, Bitcoinist.com, and CryptoGlobe. Tweets:
@paleofuture
| Jon Fingas / Engadget: |
Hyundai agrees to settle with ~9M US Hyundai and Kia owners for $200M, after hundreds of car thefts inspired by the viral “Kia Challenge” on TikTok in mid-2022 — Most of the money from the settlement will go toward compensating theft victims. — Hyundai is putting …
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Ars Technica, Reuters, kiamedia.com, NPR, The Verge, Associated Press, MobileSyrup, BGR, Mashable, Quartz, The Hill, and The Messenger
| Financial Times: |
Sources: days after Linda Yaccarino's appointment, media agency GroupM tells its clients that Twitter is no longer “high risk”, a designation from November 2022 — WPP-owned GroupM removed designation of platform after appointment of Linda Yaccarino
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Axios, The Verge, Fortune, Silicon Republic, The Information, 9to5Mac, and Reuters
Tweets:
@jason_kint, @ivanthek, @titterdaily, @pt, @1liners, @mikeelgan, @jason_kint, @goldengateblond, and @carlquintanilla
| Wall Street Journal: |
Sources: Apollo Global Management and Fortress Investment Group are each investing ~$50M in competing groups that aim to restart Celsius under new management — Investors that buy and turn around downtrodden companies have largely shunned crypto — Two Wall Street heavyweights are locked …
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Inside Bitcoins, Cryptonews, 24/7 Wall St., Ethereum World News, and PYMNTS.com
| Cory Weinberg / The Information: |
Source: Instacart generated ~$740M in 2022 ad revenue, up 30% YoY; nearly 30% of the company's 2022 revenue came from its ads unit, which launched in 2019 — Instacart has become an advertising powerhouse. — The grocery-delivery firm's ad revenue totaled about $740 million last year …
More:
Insider Intelligence and Search Engine Land
| Alex Konrad / Forbes: |
Jeff Jordan, a16z's fifth general partner who joined in 2011, steps back from active investments but will continue to work on his portfolio and board positions — Longtime Andreessen Horowitz venture capitalist Jeff Jordan is stepping back from active investments.
More:
Andreessen Horowitz, San Francisco Business Journal, The Information, and Axios
LinkedIn:
Alex Konrad. Tweets:
@chrisfralic, @moorehn, @alexrkonrad, @rahulchandra77, and @anthemos. Thanks:@alexrkonrad
| Ingrid Lunden / TechCrunch: |
Restaurant365, which sells restaurant management software, raised $135M led by KKR and L Catterton at a $1B+ valuation, bringing its total funding to $288M — The price of food continues to go up and up, but surprisingly that hasn't (yet?) played out as pressure on the wider restaurant industry.Sponsor Posts
Google:
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Shopify:
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Transform ML Experimentation with Tangle — Save months of compute time with Tangle, built by Shopify. Try this open-source platform to simplify ML workflows, ensure reproducibility, and seamlessly share with collaborators.
Zoho:
Contract Signed. Project Ready. Tasks Created. — Every project begins with a promise; a contract that outlines the deliverables, the timelines, and the terms. But for most businesses …
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Bitrix24:
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IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box 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 & Box 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:
AI Device Wars Heat Up, RIP Metaverse?, Netflix Acquires Warner Brothers
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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Channels with Peter Kafka:
"Hollywood is Truly Freaked Out." Inside the Netflix/WBD Deal with Lucas Shaw
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
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Hard Fork:
OpenAI Calls a 'Code Red' + Which Model Should I Use? + The Hard Fork Review of Slop
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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Access:
Is Roblox making the internet better or worse? We asked the CEO
A show about the tech industry's inside conversation, hosted by tech reporter Alex Heath and founder whisperer Ellis Hamburger.
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Decoder with Nilay Patel:
Anthropic's quest to study the negative effects of AI is under pressure
A show from the Verge about big ideas - and other problems.
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Lenny's Podcast:
Why LinkedIn is turning PMs into AI-powered "full stack builders" | Tomer Cohen (LinkedIn CPO)
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| Ivan Mehta / TechCrunch: |
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@elonmusk, @inthefade, @cuntosaur, @natepentz, @katywellhousen, @ovobrezzzy, @mattnavarra, @taylorlorenz, @charlesarthur, @tomaxwell, and @martinsfp
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LinkedIn:
Roman Levenstein. Tweets:
@boztank, @boztank, @ylecun, @rowancheung, @calista_redmond, @ylecun, @aphysicist, @itsclivetime, @josephjacks_, @alexbarinka, @tiernanraytech, and @sarahfrier
| Frederic Lardinois / TechCrunch: |
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| Todd Spangler / Variety: |