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Techmeme
October 16, 2023, 2:45 PM
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Top News

Jordan Novet / CNBC:
LinkedIn plans to lay off nearly 700 staffers, mostly from its engineering teams, after cutting 716 jobs in May; source: LinkedIn is ramping up hiring in India  —  - LinkedIn is cutting almost 700 employees as revenue growth has slowed over the past two years.
Wall Street Journal:
Sources detail Netflix's deepening gaming push, as it expands to games for TVs and PCs, deals for 3rd-party games like GTA, and more mobile games for its shows  —  Streamer to put greater emphasis on developing games based on its popular programming, including ‘Squid Game,’ ‘Wednesday,’ ‘Black Mirror’
Ash Parrish / The Verge:
Mojang announces 300M+ copies of Minecraft sold in ~15 years; Rockstar's GTA V is the second best-selling game ever after reportedly selling ~185M in ~10 years  —  Today, it adds more down to that particular feather in its cap with the announcement that it has sold a staggering 300 million copies.
AnnaMaria Andriotis / Wall Street Journal:
Sources: Goldman wants to exit consumer lending and offload its Apple partnership, possibly to Amex, which has balked at Apple Card's loss rate and other issues  —  The bank, which reports third-quarter earnings Tuesday, is fighting profit declines and flagging stock
Tom Warren / The Verge:
Intel plans to launch its 14th Gen desktop CPUs on October 17, offering up to 6GHz for its flagship $589 Core i9-14900K and increased core count on the $409 i7  —  Intel is launching its 14th Gen desktop processors this week, promising boost frequencies of 6GHz out of the box for its flagship Core i9-14900K.
Karen Freifeld / Reuters:
Sources: the US plans new China chip rules to block some AI chips that fall just under the current technical parameters, expand company reporting, and more  —  The U.S. will take steps to prevent American chipmakers from selling semiconductors to China that circumvent government restrictions …
Victoria Kennedy / Eurogamer.net:
Bethesda Head of Publishing Pete Hines plans to leave after 24 years, just weeks after the release of Starfield, to begin an “exciting new chapter”  —  To begin “exciting new chapter”.  —  Bethesda exec Pete Hines has announced his retirement after 24 years at the company, just weeks after Starfield's launch.
Bloomberg:
Analysts: the iPhone 15 is selling worse in China than the iPhone 14; Counterpoint estimates 4.5% lower sales in 17 days and Jefferies says Huawei outsold Apple  —  - IPhone 15 selling worse in China than its predecessor in 2022  — Sales of Apple's flagship device are down 4.5% in comparison
Hannah Murphy / Financial Times:
Some influencers and CEOs are building their brands on LinkedIn, which is easier due to less creator competition, a committed user base, and a safer feel than X  —  Once purely a jobs board, users say the platform is now more valuable than rivals  —  Marketer Zain Kahn says he earns …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:45 PM ET, October 16, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

David Ellison / @ellisonskydance:
David Ellison announces that the combined Paramount and Warner Bros. Discovery will be called Skydance “to preserve what has made each of these studios iconic”

Thuy Lan Nguyen / The Washington Sun:
The Washington Sun is launching a six-month run of a monthly print magazine; the first three issues will be distributed to Washingtonian subscribers

Deadline:
Filing: Skydance co-CEO Ynon Kreiz will receive a $31.5M signing bonus and at least $35.1M a year in total compensation by 2027

More News

Jonathan Rothwell / Gallup:
A survey of 1,567 US adolescents: 51% spend at least four hours on social media apps per day; 13-year-olds spent 4.1 hours, rising to 5.8 hours for 17-year-olds
Giulio Piovaccari / Reuters:
Ferrari begins accepting crypto for its cars in the US and plans to do the same in Europe in Q1 2024, after customer requests; Ferrari sold 13,200 cars in 2022

Earlier Picks

Financial Times:
Gary Gensler says it's “nearly unavoidable” that AI will cause a financial crisis if many institutions rely on the same underlying base model or data aggregator
Kate Conger / New York Times:
Australia fined X ~$384K and warned Google after the companies did not give enough info on their efforts to fight CSAM, despite a law requiring such disclosures
Angus Berwick / Wall Street Journal:
How Moscow-based crypto exchange Garantex became a major money laundering channel for cybercriminals and terrorist groups like the Palestinian Islamic Jihad
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