Techmeme
February 12, 2023, 3:05 AM

Top News

Financial Times:
Sources: Meta delayed finalizing multiple teams' budgets while preparing a fresh round of job cuts, slowing down projects even for the metaverse and advertising  —  Mark Zuckerberg's aim of wrestling costs in his ‘year of efficiency’ causes disruption at the social media company
Emma Roth / The Verge:
Opera says it is testing a new ChatGPT-powered “shorten” feature in its browser that provides bulleted summaries of articles or webpages in the sidebar  —  The feature, called “shorten,” is part of the company's broader plans to integrate AI tools into its browser, similar to what Microsoft's doing with Edge.
Clare Duffy / CNN:
Pathmatics estimates the monthly revenue from Twitter's top 1,000 advertisers fell 60%+ from around $127M in October 2022 to just over $48M by January 25, 2023  —  New York CNN —  —  More than half of Twitter's top 1,000 advertisers in September were no longer spending on the platform …
Charlotte Van Campenhout / Reuters:
An advertising joint venture by Deutsche Telekom, Orange, Telefonica, and Vodafone to rival Meta and Google wins unconditional EU antitrust approval  —  Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA), Telefonica (TEF.MC) and Vodafone (VOD.L) on Friday secured unconditional EU antitrust approval …
Benedict Evans:
A 2023 overview of macro tech trends, focusing on the e-commerce slowdown, layoffs, Amazon, advertising, and generative AI opportunities beyond text and images  —  Presentations Every year, I produce a big presentation exploring macro and strategic trends in the tech industry.  This year, ‘The New Gatekeepers’.
Kirsten Grind / Wall Street Journal:
Sources and memo: Zappos laid off over 300 employees in January, or ~20% of its workforce, including in customer service, as part of broader layoffs at Amazon  —  A round of layoffs marks latest major change to the tech giant's subsidiary  —  Tech Layoffs Pile Up as Bosses Reverse Course
Jennifer Elias / CNBC:
Louise Matsakis / Semafor:
Sources: TikTok's Internal Audit team that spied on journalists had wide investigative powers with little oversight; ByteDance says it's restructuring the team  —  TikTok's hyper-aggressive internal security team drew a wave of complaints from employees before its conduct exploded …

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More News

Jonathan Vanian / CNBC:
Antonio Olivo / Washington Post:
Mark Spoonauer / Tom's Guide:

Earlier Picks

Financial Times:
Bloomberg:
Kevin McLaughlin / The Information:
Brian Fung / CNN:
Chris Stokel-Walker / Fast Company: