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July 26, 2022, 2:25 PM
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| Ashley Capoot / CNBC: |
Responding to criticism, Adam Mosseri says Instagram's full-screen feed is “a test” that is “not yet good” and that the app has to lean into the shift to video — - Instagram head Adam Mosseri shared a video on Twitter Tuesday explaining recent changes to the social media platform.
Source:
@mosseri. More:
Engadget, TechCrunch, Android Headlines, PetaPixel, VICE, BGR India, Mashable, The Verge, Input, and Dexerto
Tweets: @technacity, @benedictevans, @benedictevans, @benedictevans, @benedictevans, @linusnhiscamera, @broderick, @kattenbarge, @mosseri, @sarahfrier, @tristandross, @sarahfrier, @nbashaw, @blackamazon, @vermontgmg, @joeljohnson, @vmarks, @limitlessjest, @coopercooperco, @kocienda, @afrojediii, @_zeets, @amberrosegill, @cristinacriddle, @rmac18, @lorakolodny, @davechensky, @ashleycapoot, @nikostratis, @can, @laurengoode, @j_zimms, @modernistwitch, @tomscocca, @seyitaylor, @stokel, @brianstelter, and @litcapital
| Travis Clark / Insider: |
Kylie Jenner and Kim Kardashian post Stories to “Make Instagram Instagram Again” and “stop trying to be TikTok”; an associated petition has 200K+ signatures — - Kylie Jenner and Kim Kardashian called on Instagram to “stop trying to be TikTok” on Monday.
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Change.org, BBC, The Guardian, 9to5Mac, Gizmodo, Observer, Axios, MargeM newsletter, New York Post, Wall Street Journal, CNBC, Variety, Mashable, VICE, Digital Trends, and Silicon Republic
Tweets: @frankpallotta, @ashleyrcarman, @kurtwagner8, @gregisenberg, @taylorlorenz, @johngary, @brianstelter, @whatstrending, @kirkpate, @lessin, @bryanboy, @dangrover, @caseynewton, @caseynewton, @t0nit0ne, @caseynewton, @yashar, @nbashaw, @parismarx, @taylorlorenz, @lucas_shaw, @dangrover, @caseynewton, and @tarungangwani
| Scott Rosenberg / Axios: |
Facebook's TikTok-like revamp marks the end of a social networking era shaped around friends and a move to ML-fueled recommendations of content from strangers — Mark last week as the end of the social networking era, which began with the rise of Friendster in 2003, shaped two decades of internet growth …
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Garbage Day and Fast Company
Tweets: @blackamazon, @marshallk, @broderick, @choire, @timfernholz, @broderick, @subiectiv, @superseth64, @robhorning, @ajitpai, @scheufele, and @cincyblog
| Devin Coldewey / TechCrunch: |
Tweets: @lmatsakis, @caylenb, @lmatsakis, @andymcnally, @basicallyidowrk, @wbm312, @wbm312, @wbm312, and @wbm312
| Vipal Monga / Wall Street Journal: |
Memo: Shopify plans to cut ~1,000 workers, or 10% of its global workforce, citing consumers pulling back on online shopping; SHOP drops 15%+ — CEO Tobi Lütke says company made wrong bet on pandemic-fueled boom in e-commerce growth lasting — Shopify Inc. SHOP -16.29%▼ … | Bloomberg: |
Sources: before its probe into alleged insider trading, the SEC started probing whether Coinbase improperly let Americans trade digital assets; stock drops 15%+ — Coinbase Global Inc. is facing a US probe into whether it improperly let Americans trade digital assets that should have been registered …
More:
The Coinbase Blog, The Verge, Protocol, Gizmodo, TheStreet, Finextra, Observer, Crypto Daily, Web3 Digest, CoinDesk, The Block, crypto.news, CNBC, CoinJournal, Engadget, Bitcoin News, Coinspeaker, Watcher Guru, Crowdfund Insider, Protos, PYMNTS.com, Ethereum World News, Cointelegraph, CoinQuora, Newslit Daily, ZyCrypto, Crypto Briefing, The Defiant, Decrypt, CryptoSlate, and Cryptonews
| Max Chafkin / Bloomberg: |
Coinbase's post-IPO decision to list “altcoins”, or “shitcoins”, was a reckless move that led to alleged insider trading and higher risks for retail investors — In September 2020, amid a wave of activism by employees in support of the Black Lives Matter movement …
More:
CoinDesk and CoinJournal
Tweets: @bitfinexed, @jeffjohnroberts, @chafkin, @chafkin, @bitfinexed, @carnage4life, @chafkin, @silvermanjacob, and @ericnewcomer
| The Verge: |
As Mark Zuckerberg says “there are probably a bunch of people at the company who shouldn't be here” during a weekly Meta Q&A, a survey suggests staff anxiety — As Meta's growth slows, Mark Zuckerberg is pushing even harder. Will his employees melt under the pressure?
More:
Insider, Fortune, Reuters, New York Times, New York Post, and TechSpot
| Ian Hamilton / UploadVR: |
Meta plans to increase the prices of its Quest 2 headsets to $400 for 128GB and $500 for 256GB on August 1, and bundle Beat Saber for free through December 31 — The price for a new Quest 2 is jumping to $399 as Meta says “the costs to make and ship our products have been on the rise.”
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Meta Quest, Engadget, The Verge, TechCrunch, Tech Advisor, UploadVR, TheGamer, CNBC, Seeking Alpha, and Polygon
Tweets: @metaquestvr, @stevekovach, @uploadvr, @futterish, @metaquestvr, @paultassi, @paul__armstrong, @robertflorence, @yelix, @futterish, @maxwinebach, @munster_gene, @prez_vr, @nexusben, @nexusben, @harrisfoster, @harrisfoster, @tristanacooper, @teennickoficial, @patrickklepek, @sadlyitsbradley, and @fbbagholder
| Liron Shapira / @liron: |
[Thread] A look at Helium, a crypto network of 500K+ IoT hotspots, which raised $365M from a16z and others and generates an estimated $6.5K/month in revenue — .@Helium, often cited as one of the best examples of a Web3 use case, has received $365M of investment led by @a16z. Regular folks have also been convinced to spend $250M buying hotspot nodes, in hopes of earning passive income. The result? Helium's total revenue is $6.5k/month https://twitter.com/...
Tweets: @liron, @liron, @liron, @friscojosh, @1ndus, @wiley77, @selenalarson, @dancow, @bshivarthy, @kylesamani, @thestalwart, @btc_jacksparrow, @aaronhuertas, @thestalwart, @terenceleejx, @can, @coloradotravis, @nvk, @justinhendrix, @thestalwart, and @liron
| Jeffrey Dastin / Reuters: |
Amazon plans to raise its annual Prime subscription prices across Europe by up to 43% on September 15, citing “increased inflation and operating costs” — Amazon.com Inc (AMZN.O) will raise fees for its delivery and streaming service Prime in Europe by up to 43% a year …
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The Verge, PYMNTS.com, Gizmodo, CNBC, Thurrott, BGR, TechCrunch, iClarified, 9to5Mac, gHacks Technology News, AFTVnews, Mashable, WinBuzzer, PCMag, Digital Trends, TheGamer, MacRumors, Finbold, Engadget, MSPoweruser, and The Curious Cat
Tweets: @jldastin, @milgramexprmnt, @eligp, and @shehanr2
| Sarah Butler / The Guardian: |
More:
Club386, Sky News, BBC, ZDNet, Silicon Republic, Pocket-lint, Bloomberg, and Eurogamer.net
Tweets: @tomwarren and @martinslewis
| New York Times: |
Sources: US-based crypto exchange Kraken has been under investigation by the US Treasury Department since 2019 for potentially violating Iran sanctions and more — The Treasury Department is investigating whether the crypto exchange allowed users in Iran to buy and sell digital tokens, said people with knowledge of the matter.| Nikhil Krishnan / Out-of-Pocket: |
Amazon's purchase of One Medical is likely cheaper than unionization would be, and could be used as a tool to fight against unionization of employees — I guess I should say something? … This episode of Out-Of-Pocket is brought to you by... Nabla creates SDKs and APIs … | Bloomberg: |
UK's CMA publishes its report into music streaming services, saying the market is dominated by major players but this is not “currently causing consumers harm” — The music streaming market dominated by a handful of major players is giving consumers a fair shake …
More:
GOV.UK, Competition & Markets Authority, TechCrunch, Music Ally, GOV.UK, 9to5Mac, AppleInsider, iMore, and Express & Star
Tweets: @cmagovuk, @kevinbrennanmp, @kevinbrennanmp, @mintroyale, @ivorsacademy, and @wavesblog
| Kyle Wiggers / TechCrunch: |
Neon, which provides developers with a serverless option for Postgres databases, raised a $30M Series A-1 led by GGV, bringing its total funding to $55M — Neon, a startup providing developers with a serverless option for Postgres databases, today announced that it raised $30 million …
More:
FinSMEs
| Andrew Ackerman / Wall Street Journal: |
Sources: US House lawmakers delayed a tentative July 27 vote on a bipartisan bill to curb potential risks posed by stablecoins until at least September 2022 — Lawmakers continue to negotiate deal, but unable to complete work ahead of August break — What Happens If a Crypto Platform Goes Bankrupt?
More:
CoinDesk, PYMNTS.com, Blockworks, Crypto Daily, CryptoSlate, The Block, Inside Bitcoins, and Finbold
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