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February 18, 2022, 9:45 PM
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memeorandum
WeSmirchTop News
| Ingrid Lunden / TechCrunch: |
Meta says a global community development head, who spoke about inappropriate communications with a 13 year old in a viral sting video, is no longer an employee — Meta, the parent company of Facebook, has confirmed to TechCrunch that Jeren A. Miles, who had been a manager of global community development … | Avi Asher-Schapiro / Thomson Reuters Foundation News: |
Internal documents: 400+ Salesforce employees signed an open letter objecting to its NFT plans, including helping other companies create and sell NFTs — After Salesforce announced a foray into the NFT market, hundreds of workers revolted, raising environmental and fraud concerns
More:
Protocol, San Francisco Business Journal, and The Verge
Tweets: @bigblackjacobin, @neerajka, @mhbergen, @aaschapiro, and @bmorrissey
| Berber Jin / The Information: |
Source: Tiger Global told investors earlier this month that it will no longer focus on large, late-stage startups preparing to go public — Responding to a steep sell-off in technology stocks, some hedge funds and other investment firms with large public stock portfolios have been turning away …
Tweets: @jessicalessin, @cityofthetown, @berber_jin1, @carnage4life, @lesamitchell, @refsrc, @jessicalessin, and @amir
| Ryan Broderick / Garbage Day: |
A look at the decline of MySpace, which flailed around for over a year as it was overtaken by Facebook, and parallels with Meta as TikTok surges — Read to the end for the anti-NFT anthem — I want to open today's email with an apology!! I wrote about the map-based Wordle game Worldle on Monday and I …
More:
Bloomberg and Civilization
| Cat Zakrzewski / Washington Post: |
Whistleblower Aid, representing Frances Haugen, files two SEC complaints claiming Meta misled investors about its work to fight misinfo on COVID-19 and climate — A pair of new whistleblower complaints filed the with the Securities and Exchange Commission in February allege Facebook misled investors …
More:
Ars Technica, Gizmodo, Protocol, Engadget, The Hill, and CNET
Tweets: @ryanmaue, @washingtonpost, @cat_zakrzewski, @watchdogdiva, and @reprokhanna
| Jeran Wittenstein / Bloomberg: |
Meta drops out of the top 10 most valuable companies globally, dropping five places since September 2021 as its market value declined by $513B to $565B — Meta Platforms Inc. has tumbled out of the world's 10 largest companies by market value, hammered by its worst monthly stock decline ever.
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Bloomberg, New York Magazine, New York Post, Gizmodo, Silicon Valley Business …, KnowTechie, Insider, and Stillwater's Wall Street …
Tweets: @business, @bidonkules, @destinlegarie, @joshsternberg, @joshtpm, and @newsynick
| James Hibberd / The Hollywood Reporter: |
Netflix announces four comedy specials to be hosted and produced by Dave Chappelle; the comedian's last special led to Netflix employee protests — The controversial comic will host and produce four comedy specials focusing on other veteran comedians.| Reed Albergotti / Washington Post: |
Sources: some US Apple Store employees are working to unionize, with groups in at least two stores preparing to file paperwork with the NLRB in the near future — Employees at several Apple Stores across the country are quietly working to unionize, according to people familiar with the efforts …
More:
Silicon Valley Business …, Gizmodo, 9to5Mac, Engadget, Fast Company, Yahoo Finance, MacRumors, Appleosophy, Daily Mail, Latest - Truthout, Philip Elmer‑DeWitt, iThinkDifferent, MacDailyNews, iPhone in Canada Blog, New York Post, AppleInsider, The Mac Observer, iMore, Protocol, International Business Times, CNET, Cult of Mac, Reuters, and AppleTrack
| Mary Ann Azevedo / TechCrunch: |
Sources: Better.com is preparing for layoffs that could affect as much as 40% to 50% of staff, as more senior executives depart including its finance VP — Things are getting worse at Better. — More executives have resigned from Better.com nearly three months after the online mortgage …
More:
Protocol
| Nicole Wetsman / The Verge: |
A look at Lyft and Uber's foray into the est. $3B non-emergency medical transportation business, where everyday drivers take patients to and from appointments — Within the first week that Austin Correll was driving for Lyft in the fall of 2021, he was sent to pick up passengers at an address that turned out to be for a hospital.
Tweets: @johnlegere
| Dan Primack / Axios: |
Source: Helium, a decentralized network of 500K+ cryptocurrency-mining hotspots that offer free p2p networking, raises a $200M Series D at a $1.2B valuation — The existential question of crypto “utility” continues to roil the tech community, pitting some Web 2.0 icons against their web3 cousins.
More:
Silicon Valley Business …, SiliconANGLE, and The Block
| Andrew Cunningham / Ars Technica: |
Windows 11 Pro's initial setup phase will require a Microsoft Account and an internet connection, like for Windows 11 Home — It's one of the new build's smaller changes—but also one of the most annoying. — Now that Windows 11's first major post-release update has been issued …
More:
Windows Blog, The Verge, Tom's Guide, Gizmodo, HotHardware.com News, iPhone in Canada Blog, Pocketnow, ZDNet, WinBuzzer, TechRadar, XDA Developers, Thurrott, Windows Central, The Register, Tom's Guide, TechSpot, Pureinfotech, PCMag, BGR, MSPoweruser, BetaNews, Petri IT Knowledgebase, Neowin, Dot Esports, gHacks Technology News, TechRadar, HotHardware.com News, iPhone in Canada Blog, Tom's Guide, MUO, OnMSFT.com, BigTechWire, Softpedia News, Liliputing, Slashdot, and PC Gamer
Tweets: @theprofosist, @liliputingnews, @jondoyledesign, and @mosenatlarge
| Wall Street Journal: |
How advertisers are dealing with Meta's ad price increases prompted by Apple's ATT changes, with some shifting their ad budgets to Google, Amazon, and TikTok — Privacy features prompt e-commerce businesses to slash ad spending; ‘Apple has changed the game’ — Facebook was long one of the surest bets in digital advertising.
More:
PhoneArena, Light Reading, MacDailyNews, and Cardinal Trading
Tweets: @drbarnard, @drbarnard, @drbarnard, @drbarnard, @drbarnard, @eric_seufert, @nw3, @eric_seufert, @carnage4life, @pofint2112, @pofint2112, @carnage4life, @clusterkuss, @anthony, @jason_kint, @reaganbrad, @jason_kint, @jamesvgrimaldi, @samfbiddle, @jason_kint, @carlquintanilla, @jason_kint, @profcarroll, @jason_kint, @venkatananth, @asharma, and @carnage4life
| Andy Bounds / Financial Times: |
The EU files a WTO case against China, alleging Chinese courts lowered global tech licensing fees, leading to billions in losses for Ericsson, Nokia, and others — Legal challenge at WTO alleges patent infringements are costing European manufacturers billions of euros
More:
Reuters and PYMNTS.com
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