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August 31, 2022, 3:35 AM
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| Alex Heath / The Verge: |
Sources: Snap plans to start laying off ~20% of its 6,400+ employees on August 31, 2022 — Snap's stock price has declined nearly 80 percent this year — Snap is planning to lay off approximately 20 percent of its more than 6,400 employees, according to people familiar with the matter.
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Ad Age, Financial Times, The Economic Times, BGR India, Social Media Today, CNBC, Engadget, SiliconANGLE, 9to5Mac, dot.LA, New York Post, Variety, Android Headlines, Barron's Online, Transistori, and The Information
| Alex Heath / The Verge: |
Netflix hires two Snap executives to lead its ad-supported tier: 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 …
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Axios, Deadline, The Hollywood Reporter, Reuters, Next TV, Wall Street Journal, and Variety
Tweets: @pt, @epro, @carnage4life, and @tim_bays
| 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
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The Overspill, TechCabal, Social Media Today, TechCrunch, Insider, Fortune, Engadget, New York Post, Platformer, and Washington Post
Tweets: @caseynewton, @matthew_d_green, @mmasnick, @morisy, @melissagira, @kurtwagner8, @matthew_d_green, @zoeschiffer, @jjaursch, @ashleylatke, @caseynewton, @kimcrayton1, @amsolidarity, @gabrieldance, @roach, @caseynewton, @matthew_d_green, @officialkappy, @caseynewton, @melissagira, @matthew_d_green, @jorgeorchilles, @willoremus, @markmahoney, @oliviasolon, @mistresssnowphd, @kimzetter, @matthew_d_green, @isosteph, @elizableu, @carnage4life, @matthew_d_green, @zoeschiffer, @jerrycap, @rachelbovard, @allieawesome415, @benjamingoggin, @dlberes, @gwenadora, @reckless, @iblametom, @maxnordau, @mattnavarra, @hondanhon, and @stevekovach
| 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.
More:
Apple Developer, Neowin, 9to5Mac, and AppleInsider
| 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.
More:
Future PROOF, Decrypt, CoinDesk, nft now, and PROOF on YouTube
Tweets: @proof_xyz, @collab_currency, @nassyweazy, @alexisohanian, @alexisohanian, @azfnft, and @sriramk
| Anton Shilov / Tom's Hardware: |
Jon Peddie Research: discrete and integrated GPU sales fell 14.9% QoQ in Q2 2022; Nvidia's sales fell 25.7% QoQ, AMD's fell 7.6% QoQ, and Intel's fell 9.8% QoQ — Shipments of discrete desktop graphics cards down to two-year low. — Sales of graphics processing units — discrete and integrated … | 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.
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PCMag, Royal Caribbean Group, BBC, TechCrunch, Dow Jones Newswires, Space.com, TESLARATI, Digital Trends, The Verge, Reuters, SpaceNews, and Insider
Tweets: @elonmusk, @jcoviedo6, @thesheetztweetz, and @emot
| Jared Newman / Fast Company: |
In a first, Comcast and Charter both failed to grow internet subscribers in Q2 2022, as T-Mobile and Verizon roll out cheaper home internet powered by 5G — For years, Comcast and other cable companies have leaned on a simple strategy to offset the effects of cord-cutting …
Tweets: @dsilverman
| Andy Baio / Waxy.org: |
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.
More:
GitHub, Towards Data Science, and Simon Willison's Weblog
| 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 …
More:
The Verge, Reuters, PCMag, CNBC, Rolling Stone, PhoneArena, Newser, Android Central, Mashable, CNN, Neowin, New York Times, USA Today, Engadget, Gizmodo, Reclaim The Net, Insider, KnowTechie, Android Police, The Hill, and Deadline
| Sam Kim / Bloomberg: |
Semiconductor shipments from South Korean chipmakers fell 22.7% YoY in July 2022, the first drop in almost three years per the national statistics office — South Korean chipmakers recorded their first fall in factory shipments in almost three years in July, highlighting weakening demand …
Tweets: @samkimasia
| Arno Maierbrugger / Investvine: |
Indonesia's largest tech company GoTo posts a ~$955M net loss for H1 2022 and announces the acquisition of local crypto exchange Kripto Maksima Koin for $8.4M — Indonesia's biggest e-commerce company GoTo on August 30 posted a half-year net loss of 14.17 trillion rupiah ($955 million) …
More:
Reuters, GoTo, Bloomberg, Nikkei Asia, and DealStreetAsia
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