| Ashley Capoot / CNBC: |
Responding to criticism, Adam Mosseri says Instagram's full-screen update is “just a test” that is “not yet good” and the platform is shifting to video — - Instagram head Adam Mosseri shared a video on Twitter Tuesday explaining recent changes to the social media platform.| 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 100K+ signatures — - Kylie Jenner and Kim Kardashian called on Instagram to “stop trying to be TikTok” on Monday.| Scott Rosenberg / Axios: |
Facebook's TikTok-like redesign marks the end of a social networking era centered around friends and a move toward algorithmically sorted content from strangers — Mark last week as the end of the social networking era, which began with the rise of Friendster in 2003, shaped two decades of internet growth … | Devin Coldewey / TechCrunch: |
| Bloomberg: |
Sources: before its probe into alleged insider trading, the SEC started probing whether Coinbase improperly let Americans trade digital assets; stock drops 15%+ — Coinbase Global Inc. is facing a US probe into whether it improperly let Americans trade digital assets that should have been registered … | Max Chafkin / Bloomberg: |
| Vipal Monga / Wall Street Journal: |
Memo: Shopify plans to cut around 1,000 workers, or 10% of its global workforce, citing consumers pulling back from online shopping; SHOP drops 14%+ — CEO Tobi Lütke says company made wrong bet on pandemic-fueled boom in e-commerce growth lasting — Shopify Inc. SHOP -1.71%▼ … | The Verge: |
As Mark Zuckerberg takes a tough stance on retaining employees during a weekly Q&A, internal surveys show anxiety and unease among employees — As Meta's growth slows, Mark Zuckerberg is pushing even harder. Will his employees melt under the pressure?| 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 … | Sarah Butler / The Guardian: |
| Liron Shapira / @liron: |
| Nikhil Krishnan / Out-of-Pocket: |
Amazon's purchase of One Medical is likely cheaper than unionization would be, and could be used as a tool to fight against unionization of employees — I guess I should say something? … This episode of Out-Of-Pocket is brought to you by... Nabla creates SDKs and APIs … | Bloomberg: |
UK CMA's publishes its report into music streaming services, saying the market is dominated by major players but this is not “currently causing consumers harm” — The music streaming market dominated by a handful of major players is giving consumers a fair shake … | Gil Baram / Washington Post: |
The Iran-Israel cyberwar, which has disrupted critical infrastructure and civilian life in both countries, has grown increasingly public in the past two years — Three things to know about the not-so-covert cyber-operations between these two adversaries — Listen — Gift Article| Danny Nelson / CoinDesk: |
Binance CEO Changpeng Zhao sues Bloomberg Businessweek's Hong Kong publisher for defamation, claiming a June 23 profile depicted him as running a “Ponzi scheme” — It's not the first time Zhao and Binance have sued the media. — Binance CEO Changpeng Zhao … | Kadhim Shubber / Financial Times: |
Lawyers in the Celsius bankruptcy are examining Tether recovering an $840M USDT loan, highlighting 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 …
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