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August 31, 2022, 1:25 PM
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| Alex Heath / The Verge: |
Memo: on top of cutting ~20% of its staff, Snap cancels its original shows, in-app games, and Zenly and Voisey apps; the layoffs could save $500M annually — Snapchat's original shows, in-app games, and camera drone are no more — Snap is laying off around 20 percent of its more than 6,400 employees …
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CNN, The Information, TechCrunch, Wall Street Journal, Deadline, Bloomberg, Fortune, Axios, CNBC, The Hollywood Reporter, and Insider
Tweets: @sarafischer, @rachelracusen, @kyurieff, @kyurieff, @tuviae, @sarafischer, @alexeheath, and @sarthakgh
| Alex Heath / The Verge: |
Sources: Snap plans to start laying off ~20% of its 6,400+ employees on August 31, 2022, including cuts to its hardware group; Snap stock is down ~80% in 2022 — Snap's stock price has declined nearly 80 percent this year — Snap is planning to lay off approximately 20 percent … | Alex Heath / The Verge: |
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Reuters, 9to5Mac, Axios, The Hollywood Reporter, The Economic Times, ExchangeWire.com, Deadline, Next TV, Reuters, Variety, and Wall Street Journal
Tweets: @pt, @epro, @deancollins, @tim_bays, @alexeheath, and @carnage4life
| Joseph Cox / VICE: |
After an outcry over having transphobic forum Kiwi Farms as a client, Cloudflare says denying security services due to “despicable” content is the wrong policy — The company has faced mounting pressure to stop providing security services to Kiwi Farms, whose users regularly dox and stalk trans people.
More:
The Cloudflare Blog, Bloomberg, and Protocol
Tweets: @cloudflare, @keffals, @josephfcox, @josephfcox, @esqueer_, @bitandbang, @agoingaccount, @hpana, @esqueer_, @lizthegrey, @lizthegrey, @josephfcox, @pikhq, @yoshuawuyts, @cmg, @adequateemily, @lazerwalker, @ariadneconill, @aliceicecile, @josephfcox, @josephfcox, @chemicalcrux, @xml, @ra6bit, @shortformernie, @tomkrazit, and @gossithedog
| Mat Di Salvo / Decrypt: |
Crypto.com sues an Australian woman after erroneously sending her AU$10.5M in May 2021 instead of a AU$100 refund; the woman reportedly bought a AU$1.35M house — A woman asked for a $100 refund from the crypto platform but instead received $10.5 million—and then went on a spending spree, according to reports.
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The Verge, 7NEWS, TICKER NEWS, Engadget, Gizmodo, PCMag, Cointelegraph, The Guardian, Fortune, Coinspeaker, CryptoPotato, Web3 Is Going Just Great, crypto.news, Bitcoinist.com, and Input
Tweets: @joshgnosis, @shwinyo, @carnage4life, @rjcc, @alexhern, @alexhern, @quinnypig, @kantrowitz, @abstractcode, @geek_news, @yo, @paul_karp, @chrisfralic, @riptari, @mikeelgan, @caseynewton, @alexhern, @jamespmcleod, and @pt
| ProPublica: |
An investigation details an Instagram verification scheme using fake profiles on Spotify, Apple Music, Deezer, and more; Meta removes badges from 300+ accounts — ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they're published.| Bloomberg: |
Apple VP of Corporate Development Adrian Perica resigned from Didi's board, which he joined in 2016 after Apple's $1B investment in the ride-hailing company — An Apple Inc. executive has left the board of Didi Global Inc., as the Chinese ride-hailing company struggles to regain ground …
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DiDi Global, 9to5Mac, MacRumors, MacDailyNews, The Mac Observer, Philip Elmer‑DeWitt, Apple Must, AppleInsider, and Patently Apple
Tweets: @markgurman, @pelstrom, and @sarthakgh
| Corin Faife / The Verge: |
Microsoft reveals a now-patched “high severity vulnerability” in TikTok for Android that could let attackers take over accounts that clicked on a malicious link — Hackers could have used the exploit to post videos, send messages, and edit account details
More:
Microsoft Security Blog, BleepingComputer, Thurrott, and XDA Developers. Tweets: @msftsecintel
| Jesse Hamilton / CoinDesk: |
a16z releases free “Can't Be Evil” licenses for NFTs, inspired by Creative Commons, on GitHub; NFT licensing has been attempted before, including by Dapper Labs — Andreessen Horowitz's crypto arm is releasing a free licensing system, aiming to help the NFT sector fulfil its “economic potential.”
More:
a16z crypto, The Block, and Cryptonews
Tweets: @milesjennings, @rhhackett, @royprice, @betterlawmla, @milesjennings, @felixsalmon, and @chrisamccoy
| Monica Chin / The Verge: |
Asus Zenbook 17 Fold review: foldable OLED display with a comfortable keyboard and professional look, but $3,500 is expensive and the software has glitches — It's a 17-inch foldable that actually works — Ever since Samsung Display showed off a 17-inch foldable OLED screen last May …
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XDA Developers, Thurrott, ASUS, Engadget, Windows Central, 9to5Mac, XDA Developers, BigTechWire, Android Authority, Tech Advisor, Laptop Mag, Tom's Hardware, Wired UK, TechPowerUp, Tom's Guide, Digital Trends, Pocket-lint, Trusted Reviews, Windows Experience Blog, and Notebookcheck.net
Tweets: @danackerman, @danackerman, and @pierce
| Anton Shilov / Tom's Hardware: |
Jon Peddie Research: discrete and integrated GPU sales fell 14.9% QoQ in Q2 2022; Nvidia's sales fell 25.7% QoQ, AMD's fell 7.6% QoQ, and Intel's fell 9.8% QoQ — Shipments of discrete desktop graphics cards down to two-year low. — Sales of graphics processing units — discrete and integrated …
Source:
Jon Peddie Research. More:
TechRadar, TechSpot, TechPowerUp, and Wccftech. Tweets: @jonpeddie
| Josephine Wolff / Wired: |
Cyber insurers are failing to reduce companies' cyber risk exposure and to cover breached firms' costs after state-sponsored cyberattacks that fall short of war — Cyberinsurance doesn't cover acts of war. But even as cyberattacks mount, the definition of “warlike” actions remains blurry.
More:
Slate and Financial Times
| Simon Sharwood / The Register: |
Japan's digital minister Taro Kono pledges to update the many regulations that require floppy disks and CD-ROMs to be used when sending data to the government — Digital minister will drive change because, in theory, uploading info to government isn't allowed
More:
Bloomberg, Ars Technica, TechSpot, TechRadar, Japan Times, and ZDNet
Tweets: @kylebrussell, @aulia, and @venkatananth
| Naomi Nix / Washington Post: |
Researchers: self-harm posts are surging on Twitter, including graphic photos with bloody practices; one hashtag grew to close to 30,000 tweets by July 2022 — Self-harm related hashtags have increased roughly 500 percent since October, a new report says — A Twitter user in apparent distress turned …
More:
The Hill, Network Contagion Research Institute, and Ars Technica
Tweets: @alexwgoldenberg, @ncri_io, @malbertnews, @psychrabble, @ncri_io, and @ncri_io
| Will Oremus / Washington Post: |
Twitter's Elon Musk takeover saga has only amplified its problems, which stem from a broken business model at odds with the platform's freewheeling nature — Its ill-fated foray into adult content is emblematic of an unpoliceable platform — and a broken business model| Bloomberg: |
China's punishing tech crackdown undercut the industry's role as the largest and most sought-after employer, leading to high college graduate unemployment rates — When Xi Jinping tightened the screws on China's technology industry last year, he escalated a jobs crisis for the youngest …
Tweets: @tommackenzietv, @angelazhanghk, and @nerysinchina
| Bloomberg: |
Klarna reports H1 revenue rose 24% YoY to ~$950M and net loss more than tripled YoY to ~$581M, driven by administrative expenses; cash reserves halved to ~$876M — Klarna Bank AB said spending on its platform increased in the first half of the year, along with losses, as it invested in expanding in the US.
More:
PYMNTS.com, Financial Times, Financial Times, Klarna, Coinspeaker, CNBC, The Guardian, and Reuters
Tweets: @aishagani and @aishagani
| Christine Hall / TechCrunch: |
Solid, which offers APIs for banking, payments, cards, and crypto features, raised a $63M Series B led by FTV Capital, bringing its total funding to $80.7M — Solid, which rebranded from Wise in 2021, raised a $63 million Series B round of funding to continue providing its fintech … Sponsor Posts
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