Techmeme
January 1, 2023, 5:10 AM

Top News

Wall Street Journal:
A look at the rise and fall of Alameda Research, whose troubles began well before the crypto crash as it took big gambles, winning some and losing plenty  —  Trading firm took big gambles, winning some and losing plenty; ‘complete lack of a risk-management framework’
Wall Street Journal:
Brian Merchant / The Atlantic:
Meta's dramatic implosion, Elon Musk's Twitter train wreck, and Amazon's labor uprising show that 2022 was not just a disastrous year, but a reckoning for tech  —  The companies that define our digital lives have hit a wall.  —  The dramatic, multidimensional implosion of Meta …
Jared Gans / The Hill:
Google has agreed to pay $29.5M to settle lawsuits with Washington DC and Indiana over location tracking practices, after agreeing to pay ~$392M to 40 US states  —  Google has agreed to pay a total of $29.5 million to settle separate lawsuits with Washington, D.C., and Indiana over its location tracking practices.
New York Times:
Employment in tech occupations grew 12% YoY to a record 6.39M in November 2022, as workers eye banking, retail, health care, and manufacturing amid tech layoffs  —  Most tech jobs are now in mainstream industries like health care, banking and retail, which are increasingly in need of workers with digital skills.
Jenni Reid / CNBC:
A look at ABBA Voyage, the hit London concert performed by 3D digital avatars of the band created from motion capture, as its producers plan a global expansion  —  - ABBA Voyage, which sees digital avatars of the four-piece Swedish band ‘perform’ a 90-minute concert created from motion capture …
Mariella Moon / Engadget:
Grubhub was ordered to pay $3.5M to settle a lawsuit filed by the Washington DC AG's office for charging hidden fees and using deceptive marketing techniques  —  Grubhub has been ordered to pay $3.5 million to settle the lawsuit filed against the company by the District of Columbia over “deceptive trade practices.”

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Emily Birnbaum / Bloomberg: