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January 20, 2023, 7:45 PM
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WeSmirchTop News
| Bloomberg: |
Alphabet plans to cut ~12,000 jobs, 6%+ of its global workforce; CEO Sundar Pichai says he takes “full responsibility for the decisions that led us here” — Google parent Alphabet Inc. said it will cut about 12,000 jobs, more than 6% of its global workforce …
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Tweets: @readdanwrite, @gergelyorosz, @theinformation, @mrmbrown, @kvanaren, @srussolillo, @theferocity, @mikegcoleman, @thee_chadd, @smydrad, @feefyou, @martinsfp, @schuldensuehner, @jenn_elias, @dcwaladesi, @barstoolnate, @readdanwrite, @daveyalba, @rustybrick, @nixcraft, @mattyglesias, @saxena_puru, @jezcorden, @krystalball, @chrisstigall, @katebevan, @robgiampietro, @iatalkspace, @aparanjape, @lhm1, @mediumsizemeech, @thetranscript_, @richardjnieva, @ulonnaya, and @yuhline
| Nico Grant / New York Times: |
Sources: Google executives met with Larry Page and Sergey Brin in December to discuss AI products; Google plans to demo web search with chatbot features in 2023 — A rival chatbot has shaken Google out of its routine, with the founders who left three years ago re-engaging and more than 20 A.I. projects in the works.
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The Information, 9to5Google, PCMag, The Verge, TheStreet, MobileSyrup, Fortune, Bloomberg, CNET, BigTechWire, SlashGear, Digital Trends, Bluejobpool's Substack, iPhone in Canada Blog, Engadget, Windows Central, Gizchina, Beyond Search, Appuals.com, Android Authority, Search Engine Land, CoinGape, Gizmodo, and Tech.eu
Tweets: @schuldensuehner, @marie_haynes, @sociogeeks_, @nicoagrant, @modestproposal1, @trippmickle, @kantrowitz, @jessefelder, and @cademetz
| Emily Baker-White / Forbes: |
According to six employees and an internal doc, TikTok and ByteDance staff engage in “heating”, or inflating video view counts, to court influencers and brands — TikTok and ByteDance employees regularly engage in “heating,” a manual push that ensures specific videos …
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The Verge, Gizmodo, The Information, Insider, Adweek, Digiday, Watch Me Write, SlashGear, Search Engine Land, and Gizchina
Mastodon: @ebakerwhite@journa.host. Tweets: @stokel, @daveleeft, @chinmayiarun, @mattnavarra, @davemcclure, @dellcam, @atrachelgilmore, @michaelsobolik, @carnage4life, @ali_lev, @lollardfish, and @morgan_sung. Thanks:@schwabkatharine
| Kevin Simauchi / Bloomberg: |
Crypto lender Genesis Global files for Chapter 11 bankruptcy in New York, listing the estimated range for both assets and liabilities as between $1B and $10B — Cryptocurrency lender Genesis Global Capital filed for bankruptcy, the latest firm to collapse in the aftermath of FTX's swift downfall.
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Tweets: @cameron, @cameron, @benbybit, @hsakatrades, @alphaketchum, @peckshieldalert, @hsakatrades, @sonalibasak, @ap_abacus, @mikealfred, @adamscochran, @fredwalton216, @coindesk, @dogetoshi, @cameron, @chrisblec, @hodlkryptonite, @doveywan, @unusual_whales, @crypto_mckenna, @tsm_leffen, @nansen_ai, @jjauthor, @ashcryptoreal, @kamikaz_eth, @simondixontwitt, @muncheds3, @anoniemxbt, @gainzy222, @joeconsorti, @nansen_ai, @gergelyorosz, @basedkarbon, @simondixontwitt, @watcherguru, @mikealfred, and @evan_van_ness
| Ryan Weeks / The Block: |
Bankruptcy filing: Genesis Global owes more than $3.6B to its top 50 creditors, including $766M to the Winklevoss' Gemini Trust Company and $151M to Mirana — - Genesis Global filed for bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York.
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Tweets: @shaig, @poordart, and @sujaljethwani
| The Verge: |
Source: CNET owner Red Ventures has used AI tools like Wordsmith to write stories for at least a year and a half, causing unease amid layoffs and restructuring — Fake bylines. Content farming. Affiliate fees. What happens when private equity takes over a storied news site and milks it for clicks?
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Futurism, 9to5Google, Washington Post, Search Engine Land, Second Guess, TheStreet, and Techaeris
Tweets: @miarsato, @velocciraptor, @corintxt, @lukeplunkett, @rmc031, @vahn16, @marie_haynes, @chafkin, @jjvincent, @smashdawg, @shashj, @pkedrosky, @peterkirn, @billyhottakes, @jake_k, @tristanacooper, @pt, @shashj, @mcwm, @teddyamen, @alexeheath, @yoda, @jjvincent, @rustybrick, @michellemanafy, and @paleofuture
| Mia Sato / The Verge: |
In a staff call, CNET and Red Ventures executives said they were pausing AI-generated content on CNET and other websites and detailed their proprietary AI tool — The call, which lasted under an hour, was held a week after CNET came under fire for its use of AI tools on stories … | Lora Kolodny / CNBC: |
Internal records: Twitter now has around 1,300 active employees, including fewer than 550 full-time engineers, and about 1,400 non-working employees — - Internal records show that Twitter has shed about 80% of its employees since Elon Musk took over and headcount is hovering around 1,300 employees today.| Sarah Wynn / The Block: |
The US SEC charges Avraham Eisenberg with manipulating Mango Markets' governance token MNGO to steal $116M of crypto assets and says MNGO was sold as a security — - The SEC brought charges against Avraham Eisenberg on Friday after the U.S. securities regulator said Eisenberg stole $116 million from Mango Markets.| Bloomberg: |
Sources: Nintendo plans to increase production of its six-year-old Switch console in the coming fiscal year, starting in April 2023, as demand remains strong — Nintendo Co. plans to increase production of its six-year-old Switch console in the coming fiscal year after shipping roughly 21 …
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Kotaku, The Verge, Video Games Chronicle, Game Developer, MobileSyrup, Pocket-lint, Tom's Hardware, Game Rant, The Shortcut, Destructoid, TheGamer, TechRadar, iPhone in Canada Blog, GameSpot, Gameranx, and GamingBolt
Tweets: @6d6f636869 and @jackal27
| Josh Scott / BetaKit: |
Waterloo-based Magnet Forensics, which develops digital investigation software, agrees to be acquired by Thoma Bravo for CA$1.8B — Announcement comes hours after IIROC halted trading of Magnet's shares. — Kitchener-Waterloo's Magnet Forensics has entered into a definitive agreement …
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Business Wire, TechCrunch, Reuters, therecord.com, thecragandcanyon, The Logic, Bloomberg, and Canadian Press
Tweets: @megesimpson, @paulandreola, and @julianklymochko
| Drew Harwell / Washington Post: |
Experts argue that 24+ US states banning TikTok is a reflection of government groupthink and an overreaction to an app that officials don't entirely understand — Some states' have copied others' wording, including mistakes, as some professors complain the bans rob them of a teaching tool
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The Guardian, Slate, USA Today, BGR, AfroTech, and Semafor
Tweets: @evan_greer, @alecstapp, @shiraovide, @neontaster, and @ebakerwhite
| Natasha Singer / New York Times: |
How Dutch privacy negotiators, empowered by GDPR, have spurred major changes at Google, Microsoft, Zoom, and others, as the Netherlands punches above its weight — Dutch privacy negotiators have spurred major changes at Google, Microsoft and Zoom, using a landmark European data protection law as a lever.
Tweets: @coolshannes, @avilarenata, @juliesbrill, and @jason_kint
| Ronan Shields / Digiday: |
Sources: Google is directing advertisers to work with third-party resellers directly to reduce its ad services overhead and position itself as a SaaS outfit — Alphabet today has confirmed that it plans to cut 12,000 jobs, reportedly the largest round of layoffs in its history … | Sarah Whitten / CNBC: |
Netflix Q4: revenue up 1.9% YoY to $7.85B, $55M net income, down from $607M YoY, and 231M paid memberships, adding 7.66M vs. 4.57M est.; stock closed up 8.46% — - Netflix added 7.66 million paid subscribers during the fourth quarter, more than the 4.57 million Wall Street expected.| Anna Nicolaou / Financial Times: |
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About Netflix, GamesIndustry.biz, Financial Times, Tech Advisor, Wired, and Silicon Valley Business …
Tweets: @reedhastings and @reedhastings
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