Techmeme
August 31, 2022, 10:10 AM

Top News

Alex Heath / The Verge:
Sources: Snap plans to start laying off ~20% of its 6,400+ employees on August 31, 2022, including cuts to its hardware group; Snap stock is down ~80% in 2022  —  Snap's stock price has declined nearly 80 percent this year  —  Snap is planning to lay off approximately 20 percent …
Alex Heath / The Verge:
Memo: on top of cutting 20% of its staff, Snap is canceling its original shows, in-app games, and several other projects; layoffs could save $500M annually  —  Snapchat's original shows, in-app games, and camera drone are no more  —  Snap is laying off around 20 percent of its more than 6,400 employees …
Alex Heath / The Verge:
Mat Di Salvo / Decrypt:
Crypto.com sues an Australian woman after erroneously sending her $10.5M in May 2021 when she requested a $100 refund; the woman allegedly purchased a house  —  A woman asked for a $100 refund from the crypto platform but instead received $10.5 million—and then went on a spending spree, according to reports.
Bloomberg:
Apple's VP of Corporate Development Adrian Perica has quietly left Didi's board; Perica joined the board in 2016 after Apple's $1B investment in Didi  —  An Apple Inc. executive has left the board of Didi Global Inc., as the Chinese ride-hailing company struggles to regain ground …
Monica Chin / The Verge:
Asus Zenbook 17 Fold review: foldable OLED display with a comfortable keyboard and professional look, but $3,500 is expensive and there are software glitches  —  It's a 17-inch foldable that actually works  —  Ever since Samsung Display showed off a 17-inch foldable OLED screen last May …
Josephine Wolff / Wired:
Cyber insurers are failing to reduce companies' cyber risk exposure and to cover breached firms' costs after state-sponsored cyberattacks that fall short of war  —  Cyberinsurance doesn't cover acts of war.  But even as cyberattacks mount, the definition of “warlike” actions remains blurry.
Jack Stebbins / CNBC:
Royal Caribbean Cruises partners with SpaceX's Starlink to offer internet onboard all its ships; installations are scheduled to be completed in early 2023  —  - Royal Caribbean Cruises will begin offering onboard internet via SpaceX's Starlink satellite network.
Naomi Nix / Washington Post:
Researchers: self-harm posts are on the rise on Twitter, including graphic photos and high engagement; one hashtag grew to 30,000 tweets by July 2022  —  Self-harm related hashtags have increased roughly 500 percent since October, a new report says  —  A Twitter user in apparent distress turned …
MK Manoylov / The Block:
Kevin Rose's NFT startup Proof announces a $50M Series A led by a16z, the NFT project Moonbirds Mythics launching in 2023, and a DAO to license Moonbirds' name  —  - Additional participants in the round include Collab+Currency, Flamingo DAO, SV Angel, VaynerFund and Seven Seven Six.
Ivan Mehta / TechCrunch:
Live Nation's Ticketmaster partners with Dapper Labs to release ticket NFTs on the Flow blockchain and expands its NFL partnership for NFTs to 100 games  —  Ticketmaster will now let event organizers issue NFTs (non-fungible tokens) tied to tickets on Flow, a blockchain operated by a16z-backed Dapper Labs.
Will Oremus / Washington Post:
Twitter's Elon Musk takeover saga has only amplified its problems, which stem from a broken business model at odds with the platform's freewheeling nature  —  Its ill-fated foray into adult content is emblematic of an unpoliceable platform — and a broken business model

Sponsor Posts

Intel:
Managing a Complex Multi-Cloud Environment Requires a Reliable Ecosystem  —  To avoid vendor lock-in and effectively manage your mission critical workload needs, you need a reliable ecosystem and architecture
Vesto:
The treasury management platform built for startups  —  Put your idle cash to work, earn higher yields, and extend your runway with Vesto.
Census:
Figma's CFO on how they built a $20B business with data  —  From Series B to acquisition, Figma needed Census to scale their business operations on top of their data warehouse.
Zoho:
From pieces of software to peace of mind  —  Take a good look at your business.  Do you run your entire system on multiple software solutions and integrations that break with every update?
Climate Draft:
Climate Career Resources for Laid Off Tech Workers  —  Your skills are in demand!  Check out our jobs board, learn about the climate ecosystem, and join our directory to make yourself discoverable to top venture-backed startups.
Techmeme Ride Home:
Tue. 11/29 - Is Elon Going To War With Apple?
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:10 AM ET, August 31, 2022.

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.

More News

Andy Baio / Waxy.org:

Earlier Picks

Jonathan Greig / The Record:
Natasha Singer / New York Times:
Ivan Mehta / TechCrunch:
Sara Fischer / Axios:
Jordan Middler / Video Games Chronicle: