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July 26, 2022, 4:25 PM
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| Ashley Capoot / CNBC: |
Responding to criticism, Adam Mosseri says Instagram's full-screen feed is “a test” that is “not yet good” and that the app has to lean into the shift to video — - Instagram head Adam Mosseri shared a video on Twitter Tuesday explaining recent changes to the social media platform.
Source:
@mosseri. More:
The Hill, XDA Developers, Engadget, VICE, The Verge, Input, PetaPixel, Android Headlines, TechCrunch, and Digital Trends
Tweets: @mosseri, @mosseri, @yaeleisenstat, @_zeets, @rmac18, @mosseri, @mosseri, @jeffnolan, @draecomino, @turnernovak, @bdgrabinski, @austen, @motherquoter, @mrmedina, @iambrandontv, @wagatwe, @technacity, @benedictevans, @benedictevans, @benedictevans, @benedictevans, @blackamazon, @cristinacriddle, @coopercooperco, @vermontgmg, @rmac18, @lorakolodny, @sarahfrier, @davechensky, @ashleycapoot, @joeljohnson, @nikostratis, @can, @mosseri, @laurengoode, @j_zimms, @modernistwitch, @kocienda, @nbashaw, @vmarks, @tristandross, @_zeets, @broderick, @limitlessjest, @tomscocca, @seyitaylor, @sarahfrier, @amberrosegill, @linusnhiscamera, @afrojediii, and @stokel
| Travis Clark / Insider: |
Kylie Jenner and Kim Kardashian post Stories sharing a petition to “Make Instagram Instagram Again” and “stop trying to be TikTok” that has 150K+ signatures — - Kylie Jenner and Kim Kardashian called on Instagram to “stop trying to be TikTok” on Monday.
More:
Change.org, NBC News, BBC, Axios, iPhone in Canada Blog, SlashGear, Observer, MargeM newsletter, New York Post, Variety, The Guardian, 9to5Mac, Mashable, and VICE
Tweets: @frankpallotta, @ashleyrcarman, @kurtwagner8, @taylorlorenz, @johngary, @brianstelter, @whatstrending, @gregisenberg, @karlousm, @kirkpate, @lessin, and @bryanboy
| Vipal Monga / Wall Street Journal: |
Memo: Shopify plans to cut ~1,000 workers, or 10% of its global workforce, citing consumers pulling back on online shopping; SHOP drops 15%+ — CEO Tobi Lütke says company made wrong bet on pandemic-fueled boom in e-commerce growth lasting — Shopify Inc. SHOP -16.29%▼ … | Ian Hamilton / UploadVR: |
Meta plans to increase the prices of its Quest 2 headsets to $400 for 128GB and $500 for 256GB on August 1, and bundle Beat Saber for free through December 31 — The price for a new Quest 2 is jumping to $399 as Meta says “the costs to make and ship our products have been on the rise.”
More:
Meta Quest, Gizmodo, Android Authority, PCMag, Game Developer, PCWorld, Ars Technica, Reuters, HotHardware, Engadget, The Verge, TechCrunch, UploadVR, Tech Advisor, Input, SlashGear, Tom's Guide, TechRadar, Digital Trends, Mashable, BigTechWire, CNBC, Polygon, KnowTechie, and Seeking Alpha
Tweets: @metaquestvr, @karlbode, @cixliv, @nathievr, @kentbye, @munster_gene, @karlbode, @stevekovach, @uploadvr, @metaquestvr, @futterish, @paultassi, @paul__armstrong, @robertflorence, @yelix, @futterish, @maxwinebach, @toadsanime, @teennickoficial, @prez_vr, @sadlyitsbradley, @fbbagholder, @nexusben, @nexusben, @tristanacooper, @patrickklepek, and @harrisfoster
| New York Times: |
Sources: the US Treasury Department has been investigating US-based crypto exchange Kraken since 2019 for potentially violating US sanctions on Iran and more — The Treasury Department is investigating whether the crypto exchange allowed users in Iran to buy and sell digital tokens, said people with knowledge of the matter.| Bloomberg: |
Sources: before its probe into alleged insider trading, the SEC started probing whether Coinbase improperly let Americans trade digital assets; stock drops 21%+ — Coinbase Global Inc. is facing a US probe into whether it improperly let Americans trade digital assets that should have been registered …
More:
The Coinbase Blog, TechCrunch, SiliconANGLE, The Verge, Protocol, Analytics, Gizmodo, The Daily Hodl, CoinDesk, Observer, Crypto Daily, Web3 Digest, CNBC, Engadget, Bitcoin News, TheStreet, Coinspeaker, Protos, PYMNTS.com, Cointelegraph, CoinQuora, CoinJournal, Newslit Daily, ZyCrypto, The Block, Crypto Briefing, and The Defiant
| Max Chafkin / Bloomberg: |
Coinbase's post-IPO decision to list “altcoins”, or “shitcoins”, was a reckless move that led to alleged insider trading and higher risks for retail investors — In September 2020, amid a wave of activism by employees in support of the Black Lives Matter movement …
More:
CoinDesk and CoinJournal
Tweets: @bitfinexed, @chafkin, @chafkin, @bitfinexed, @carnage4life, @chafkin, @silvermanjacob, and @ericnewcomer
| The Verge: |
As Mark Zuckerberg says “there are probably a bunch of people at the company who shouldn't be here” during a weekly Meta Q&A, a survey suggests staff anxiety — As Meta's growth slows, Mark Zuckerberg is pushing even harder. Will his employees melt under the pressure?
More:
Insider, Fortune, Reuters, New York Times, Pixel Envy, Kotaku, New York Post, and TechSpot
Tweets: @verge, @pierce, @ghostfinder, @timnitgebru, @ashannstew, @automaticzen, @reckless, @hayskali, @joepwilliams31, @mikeisaac, @miarsato, @carlquintanilla, @joshsternberg, @jason_kint, @alexeheath, @alexeheath, @_zeets, @pierce, @issielapowsky, @tsoh_investing, @jason_kint, @iansherr, @matthiasellis, @alexeheath, @bushwoodcap, @mikeisaac, and @laurengoode
| Liron Shapira / @liron: |
[Thread] A look at Helium, a crypto network of 500K+ IoT hotspots, which raised $365M from a16z and others and generates an estimated $6.5K/month in revenue — .@Helium, often cited as one of the best examples of a Web3 use case, has received $365M of investment led by @a16z. Regular folks have also been convinced to spend $250M buying hotspot nodes, in hopes of earning passive income. The result? Helium's total revenue is $6.5k/month https://twitter.com/...
| Jeffrey Dastin / Reuters: |
Amazon plans to raise its annual Prime subscription prices across Europe by up to 43% on September 15, citing “increased inflation and operating costs” — Amazon.com Inc (AMZN.O) will raise fees for its delivery and streaming service Prime in Europe by up to 43% a year …
More:
The Verge, Insider, Sky News, PYMNTS.com, Gizmodo, TechCrunch, KnowTechie, CNBC, gHacks Technology News, AFTVnews, BGR, Silicon Republic, Mashable, 9to5Mac, WinBuzzer, PCMag, Digital Trends, TheGamer, Thurrott, Bloomberg, MacRumors, Finbold, ZDNet, Engadget, and MSPoweruser
Tweets: @shanermurph, @eligp, and @martinslewis
| Jesse Hamilton / CoinDesk: |
Senators Toomey and Sinema introduce a bill to exempt crypto users from being taxed on transactions of under $50, similar to a bipartisan bill in the House — The top Republican on the Senate Banking Committee joined Democrat Kyrsten Sinema in legislation to exempt transactions of less than $50.
More:
PYMNTS.com, Coin Center, Decrypt, Cointelegraph, Crypto Daily, and Bitcoin Magazine
| Bloomberg: |
The UK's CMA publishes its music streaming report, saying the market being dominated by a handful of major players is not “currently causing consumers harm” — The music streaming market dominated by a handful of major players is giving consumers a fair shake …
More:
GOV.UK, Competition & Markets Authority, Music Ally, TechCrunch, iLounge, GOV.UK, 9to5Mac, AppleInsider, and iMore
Tweets: @cmagovuk, @kevinbrennanmp, @kevinbrennanmp, @mintroyale, and @ivorsacademy
| Nikhil Krishnan / Out-of-Pocket: |
Amazon's One Medical acquisition is likely cheaper to the company than unionization would be and could be used as a tool to counter organizing employees — I guess I should say something? … This episode of Out-Of-Pocket is brought to you by... Nabla creates SDKs and APIs … | Kyle Wiggers / TechCrunch: |
Neon, which provides developers with a serverless option for Postgres databases, has raised a $30M Series A-1 led by GGV, bringing its total funding to $55M — Neon, a startup providing developers with a serverless option for Postgres databases, today announced that it raised $30 million …
More:
Going Long and FinSMEs
| Microsoft - Investor Relations: |
Microsoft reports Q4 revenue of $51.87B, up 12% YoY, net income of $16.7B, up 2% YoY, Azure revenue up 40%, LinkedIn up 26% YoY, and Xbox down 6% YoY — REDMOND, Wash. — July 26, 2022 — Microsoft Corp. today announced the following results for the quarter ended June 30, 2022 …
Tweets: @munster_gene and @patrickmoorhead
| Kadhim Shubber / Financial Times: |
Lawyers in Celsius' bankruptcy proceeding are examining Tether recouping an $840M USDT loan, clarifying an uncertain area of bankruptcy law for crypto companies — Case is a major test of how US insolvency rules will apply in digital asset sector — Stablecoin issuer Tether faces scrutiny …
More:
CryptoSlate. Tweets: @kadhim, @sindap, @kadhim, @bitfinexed, @alexhern, @shortl2021, @kadhim, @alexhern, and @lhm1
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