Techmeme
January 23, 2023, 8:50 AM

Top News

Eva Mathews / Reuters:
Spotify plans to lay off ~6% of its workforce, or roughly 600 jobs, says content head Dawn Ostroff will leave, and reorganizes engineering and product groups  —  Music streaming firm Spotify plans to cut 6% of its workforce, the company said on Monday, a move that will add to a glut of layoffs …
David Pan / Bloomberg:
Binance says Signature Bank will only handle transactions of over $100,000, starting on February 1, as the US bank decreases its exposure to crypto markets  —  Binance, the world's largest cryptocurrency exchange, said Signature Bank will only handle user transactions of more than $100,000 …
Wall Street Journal:
Joseph Menn / Washington Post:
Researchers and ex-Twitter staff: physical attacks in the US track with Twitter spikes in some hate speech, notably anti-Semitic and anti-gay slurs and rhetoric  —  SAN FRANCISCO — Earlier this month, the FBI charged a Florida man with making detailed online threats to murder 100 gay people.
Rolling Stone:
Sources: Donald Trump does not want to renew his Truth Social exclusivity contract, expiring in June 2023, and is asking associates for first tweet suggestions  —  The ex-president is planning his first tweets with a few months to go on his Truth Social contract
Mark Gurman / Bloomberg:
Analysis: Apple timed the MacBook Pro, Mac mini, and HomePod launches to boost this quarter's revenue and avoid suffering supply issues in the holiday season  —  Apple timed the launch of the new MacBook Pro, Mac mini and HomePod to shore up its current quarter's revenue …
AnnaMaria Andriotis / Wall Street Journal:
Wells Fargo, BofA, JPMorgan, and four other banks are working on a digital wallet, managed by Zelle owner Early Warning Services, rolling out in H2 2023  —  Financial institutions behind Zelle are working on a wallet for consumers to use at online checkout  —  Big banks are teaming …
Tripp Mickle / New York Times:
The recent tech layoffs highlight a generational divide between younger workers, experiencing their first downturn, and older workers, who have been here before  —  The industry's recent job cuts have been an awakening for a generation of workers who have never experienced a cyclical crash.
Janko Roettgers / Lowpass:
Sources: Samsung is aiming to bring its free TV Plus streaming service to third-party TVs and is approaching rival manufacturers about the idea  —  Move FAST and make money … To grow the audience of its free TV Plus streaming service, Samsung is considering a move that seemed unthinkable …
Cristina Criddle / Financial Times:
A look at the challenge of moderating livestreams for children and vulnerable users, even if age verification can be improved and privacy concerns addressed  —  Abby Rayner was 13 when she first watched livestreams on Instagram that demonstrated self-harm techniques and encouraged viewers to participate.
Karin Matussek / Bloomberg:
Germany's cartel regulator opens an investigation into PayPal Europe over possibly hindering competition, including merchant rules for other payment services  —  Germany's antitrust regulator opened an investigation into PayPal Holdings Inc. over potential obstruction of competitors and restriction of price competition
More: Reuters

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