August 30, 2022, 11:55 PM

Top News

Alex Heath / The Verge:
Sources: Snap plans to start laying off ~20% of its 6,400+ employees on August 31, 2022; Chief Business Officer Jeremi Gorman is leaving to run ads for Netflix  —  Snap's stock price has declined nearly 80 percent this year  —  Snap is planning to lay off approximately 20 percent …
The Verge:
Sources: Twitter was working to monetize its adult content with OnlyFans-style subscriptions until a “red team” noted the prevalence of CSAM on the platform  —  Internal documents and Twitter employees reveal the need for massive investment to remove illegal content — but executives haven't listened
Sara Fischer / Axios:
Google says it has not yet approved Truth Social's Play Store app due to insufficient content moderation; CEO Devin Nunes said the decision “is up to Google”  —  Google hasn't yet approved Truth Social's Android app for distribution via its Play Store because of insufficient content moderation …
Ivan Mehta / TechCrunch:
Twitter releases its Circle feature out of beta on iOS, Android, and the web, letting users tweet to smaller, selected groups of up to 150 people  —  Twitter is launching its Circle feature — which lets you post a tweet to a select set of people — globally.
Juli Clover / MacRumors:
Apple debuts Xcode Cloud subscriptions for developers for up to $400/month; 25 compute hours per month is free until the end of 2023 and $15/month afterward  —  Apple today announced that developers can purchase subscriptions to Xcode Cloud, a continuous integration and delivery service that's built into the Xcode app.
MK Manoylov / The Block:
Kevin Rose's NFT startup Proof announces a $50M Series A led by a16z, upcoming NFT project Moonbirds Mythics, and a DAO to handle licensing of Moonbirds' name  —  - Additional participants in the round include Collab+Currency, Flamingo DAO, SV Angel, VaynerFund and Seven Seven Six.
Alex Heath / The Verge:
Netflix hires two Snap executives to lead its ad-supported tier plan: Snap's Chief Business Officer Jeremi Gorman and VP of Sales for the Americas Peter Naylor  —  Snap's VP of ad sales is also leaving for Netflix  —  Netflix has found an executive to lead its plan for an ad-supported tier …
Wall Street Journal:
Aditya Hadi Pratama / Tech in Asia:
Indonesia-based ESB, which provides restaurant management tools including a POS system and kitchen operations software, has raised a $29M Series B  —  ESB, an Indonesian restaurant management platform, has raised US$29 million in its series B funding round led by Northstar Group and Alpha JWC Ventures.
Jack Stebbins / CNBC:
Royal Caribbean Cruises partners with SpaceX's Starlink to offer onboard internet across all its ships, with installation scheduled to be completed early 2023  —  - Royal Caribbean Cruises will begin offering onboard internet via SpaceX's Starlink satellite network.
Andy Baio /
A look at 12M+ of the 2.3B images used to train Stable Diffusion reveals ~47% came from only 100 domains; the largest number or 8.5% originated from Pinterest  —  One of the biggest frustrations of text-to-image generation AI models is that they feel like a black box.
Sam Kim / Bloomberg:
Semiconductor shipments from South Korean chipmakers fell 22.7% YoY in July, the first drop in almost three years according to the national statistics office  —  South Korean chipmakers recorded their first fall in factory shipments in almost three years in July, highlighting weakening demand …
Giles Turner / Bloomberg:
In an SEC filing, Elon Musk adds Peiter Zatko's allegations as a reason to terminate the $44B takeover bid, saying Twitter is in “material noncompliance”  —  Elon Musk has cited the recent accusations from a Twitter Inc. whistle-blower as a new reason to terminate the $44 billion takeover of the social media platform.
Cat Zakrzewski / Washington Post:

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