Techmeme
August 31, 2022, 2:30 AM

Top News

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.
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 …
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
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.
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 …
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.
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.
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.

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