Techmeme
January 10, 2023, 7:25 PM

Top News

Olga Kharif / Bloomberg:
Cameron Winklevoss demands that DCG's board remove CEO Barry Silbert and alleges he and Genesis lied publicly, after his January 8 resolution deadline passed  —  Gemini crypto exchange co-founder Cameron Winklevoss called for the board of Digital Currency Group to remove Barry Silbert …
Kate Rooney / CNBC:
Coinbase plans to cut ~950 jobs, or ~20% of its workforce, aiming to reduce its operating expenses by 25% QoQ in Q1 2023, after laying off 18% in June 2022  —  - Coinbase is cutting a fifth of its workforce following an 18% staff reduction in June.  — CEO Brian Armstrong pointed …
Zac Bowden / Windows Central:
Sources: Microsoft ditched a dual-screen design for the Surface Duo 3, opting for an internal foldable screen, an external cover display, and a 180-degree hinge  —  Microsoft's next foldable phone will have an internal foldable display.  —  What you need to know
Allison Johnson / The Verge:
Samsung announces it will hold its next Galaxy Unpacked event in-person, in San Francisco on February 1 at 10am PT, where it's expected to unveil the Galaxy S23  —  Mark your calendar: Samsung is hosting its next Galaxy Unpacked on February 1st.  The company is officially confirming a date …
Chance Miller / 9to5Mac:
Apple SVP of Services Eddy Cue says App Store developers have made $320B+ since 2008 and lists 900M paid subscriptions, 200+ Arcade games, 70B Shazams, and more  —  Eddy Cue, Apple's senior vice president of services, has penned an open letter celebrating what he calls a “groundbreaking year for entertainment.”
Semafor:
Sources: Microsoft is in talks to invest $10B in OpenAI at a $29B valuation, taking 75% of OpenAI's profits until the investment is recouped and then owning 49%  —  Microsoft has been in talks to invest $10 billion into the owner of ChatGPT, the wildly popular app that has thrilled casual users …
Benj Edwards / Ars Technica:
Javier Paz / Forbes:
A breakdown of Binance's known assets, according to Nansen, Glassnode, Defillama, and others, estimates the exchange has ~$50B left, down 24% from November 2022  —  The outflow of cash from Binance is worse than the CEO Changpeng Zhao indicated last month, and it's become considerably more severe since then, a Forbes analysis shows.
Sarah Perez / TechCrunch:
Amazon plans to open Buy with Prime to all US merchants on January 31, letting them offer Prime benefits like free shipping and returns on their own apps  —  Amazon announced this morning it's expanding its Buy with Prime service to U.S.-based merchants by the end of the month.
Taylor Hatmaker / TechCrunch:
Meta plans to further limit ad targeting users under 18 in February 2023, including removing the options to target teens based on gender and in-app activity  —  Meta is making some changes to how its apps handle advertising and young users.  Under the new rules, advertisers on Instagram …
Paul Alcorn / Tom's Hardware:
Ben Schoon / 9to5Google:
Ingrid Lunden / TechCrunch:
Oxbotica, an Oxford-based autonomous vehicle software developer for enterprise customers, raised a $140M Series C, bringing its total funding to $225M  —  Activity in the self-driving car industry, frenetic for years, has somewhat stalled in more recent times; but a handful of the most promising companies …
More: Tech.eu
Bloomberg:
Sources: former FTX engineering chief Nishad Singh, who has not been accused of wrongdoing, met with US federal prosecutors last week to seek a cooperation deal  —  Former FTX engineering chief Nishad Singh met with federal prosecutors in a bid to become the third member of Sam Bankman-Fried's inner circle …
Jon Brodkin / Ars Technica:
Nevada's US senators claim the FCC's new broadband maps, which will be used to allocate $42.45B in grants, are filled with mistakes and overstate coverage  —  Errors suggest ISPs are claiming to serve more homes than they actually do.  —  Nevada's US senators say the Federal Communications Commission's …
More: GCN
Steven Church / Bloomberg:
A US bankruptcy judge approves Voyager's request to sell its crypto platform to Binance.US for $20M, overruling objections by federal regulators and some states  —  Voyager Digital Ltd. won court approval to sell its crypto platform to Binance.US for $20 million as part of Voyager's plan to liquidate in bankruptcy.
More: CoinDesk and Reuters
Financial Times:
Meta contractor Sama plans to cut ~200 staff and close its east African content moderation hub in March 2023; Meta plans to keep 1,500 Sama staff to label data  —  Staff at Nairobi office were moderating graphic and harmful material  —  Meta's east African content moderation hub is shutting …

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