Techmeme
September 30, 2022, 6:15 AM

Top News

Alex Kantrowitz / Big Technology:
A roundup of Elon Musk's newly released text messages show the inner workings of Silicon Valley dealmaking and how Musk lost interest in his Twitter acquisition  —  Newly released text messages shine a light on how tech's most powerful do business — and perhaps why Musk lost interest in Twitter.
Lauren Feiner / CNBC:
Court filing: in March 2022, former Twitter CEO Jack Dorsey told Elon Musk that he tried to add Musk to the board but the other members were “super risk averse”  —  - Former Twitter CEO Jack Dorsey wanted Elon Musk on the board of the social media company, but felt the rest …
The Verge:
Google plans to shut down Stadia on January 18, 2023, and will refund hardware, software, and DLC purchases; members of the Stadia team will be reassigned  —  Google is shutting down Stadia, its cloud gaming service.  The service will remain live for players until January 18th, 2023.
Mark Gurman / Bloomberg:
Apple VP of Procurement Tony Blevins is leaving, sources say after joking in a viral, September 5 TikTok video that he fondles “big-breasted women” for a living  —  One of Apple Inc.'s most senior executives is leaving after he turned up in a viral video on TikTok making …
Kurt Wagner / Bloomberg:
Source: Mark Zuckerberg told staff in a weekly Q&A that Meta will freeze hiring, restructure some teams, and cut budgets across most teams, citing the economy  —  Meta Platforms Inc., the owner of Facebook and Instagram, said it will freeze hiring and restructure some teams in an effort to cut costs and shift priorities.
Mitchell Clark / The Verge:
Twitter plans to add a TikTok-like full-screen video scrolling UI for English-speaking users on iOS, and a video carousel to the Explore tab on iOS and Android  —  Twitter is joining the bandwagon of social media companies copying TikTok's everlasting scroll of videos.
Frederick Munawa / CoinDesk:
Chainalysis: sub-Saharan Africa crypto usage is driven by everyday necessity; 80% of crypto payments in the region are under $1K, the world's highest proportion  —  The report shows strong crypto usage and adoption rates in the region.  With highly educated young people and low job prospects …
Source: Chainalysis
Ellen Huet / Bloomberg:
How angel investing became a pastime and a social currency in Silicon Valley, where the “post-economic” elite bet small amounts on their friends' startups  —  Maia Bittner is an angel investor, and she has a lot of friends who've founded startups.  Sometimes they ask her if she wants to put money into their companies.
Mike Wheatley / SiliconANGLE:
Micron reports Q4 revenue down 25% YoY to $6.64B, from $8.27B, plans to cut total capital spending by 30% YoY and wafer-fab equipment spending by nearly 50% YoY  —  Reporting its fiscal fourth-quarter earnings today,Micron Technology Inc. warned investors that it's planning to take drastic measures …
More: iTnews

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Earlier Picks

Eli Tan / CoinDesk:
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Reuters: