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September 17, 2022, 4:10 PM
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memeorandum
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| Hunter Walk: |
Adobe's $20B Figma acquisition is worth it because Figma's $400M ARR, independent of margin, was continuing to double, creating pricing pressure on Adobe — Hint: The Answer Doesn't Involve a Spreadsheet — I'm not an investor in Figma. I don't know Figma CEO Dylan Field. And I'm not a designer.
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BIG by Matt Stoller, The Verge, Protocol, ZDNet, Fortune, TechCabal, IT Management, and TechCrunch
Tweets: @jaypeters, @hunterwalk, @anshublog, @sarthakgh, @hkanji, @rakeshlobster, @imnoah, and @bill_gross
| Bloomberg: |
A profile of Figma founder Dylan Field, who will become the wealthiest person from the Thiel Fellowship by far, as PitchBook estimates his stake is worth $2B+ — Dylan Field dropped out of an Ivy League school in 2012 to take a grant from the billionaire Peter Thiel and start a software company called Figma.
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Wall Street Journal, Psychohistory, and Newser
Tweets: @bobmcmillan, @katie_roof, @markmilian, and @anthony
| Bloomberg: |
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What's Hot in Enterprise IT/VC and The Information
Tweets: @zoink, @amaldorai, @carlquintanilla, @levie, @ericjackson, @ericjackson, @mamoonha, @c0up, @katie_roof, @kateclarktweets, and @kateclarktweets
| Andrew Cunningham / Ars Technica: |
EVGA exits graphics cards, citing issues with Nvidia, after exclusively using GeForce GPUs, reportedly making up 80% of its revenue, since its founding in 1999 — EVGA will continue selling current-gen GeForce cards until it runs out of stock. — Graphics card manufacturer eVGA has made a name …
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EVGA Forums, Gamers Nexus on YouTube, Jon Peddie Research, Tom's Hardware, JayzTwoCents on YouTube, Engadget, Windows Central, TechSpot, TechRadar, Kotaku, PC Gamer, ServeTheHome, ExtremeTech, AnandTech, PCMag, Notebookcheck.net, The Verge, and VideoCardz.com
Tweets: @nash076, @usmanpirzada, @devinconnors, @stevestreza, and @epro
| Mike Masnick / Techdirt: |
The 5th Circuit federal court's ruling to uphold the Texas social media content moderation law is based on a misrepresentation of how Section 230 actually works — from the batshit-crazy dept — As far as I can tell, in the area the 5th Circuit appeals court has jurisdiction … | Joe Schneider / Bloomberg: |
A US federal appeals court upholds the Texas social media content moderation law, lifting an injunction that blocked it and remanding it back to the lower court — A federal appeals court upheld the validity of a Texas social-media law that companies like Twitter Inc. and Meta Platforms Inc …
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Washington Post, The Register, United States Court of Appeals for the Fifth Circuit, New York Times, Politico, Wall Street Journal, Chamber of Progress, Investopedia, Seeking Alpha, CCIA, Public Knowledge, Lawfare, CNN, Electronic Frontier Foundation, The Independent, Law & Crime, NetChoice, Pixel Envy, The Full Belmonte, The Economic Times, The Hill, Meaning In History, and Protocol
Tweets: @kenpaxtontx, @popehat, @corbinkbarthold, @brendancarrfcc, @berinszoka, @berinszoka, @berinszoka, @davidakaye, @mpetricone, @berinszoka, @berinszoka, @jkempcpa, @berinszoka, @hansmahncke, @writerkevin, @kt_so_it_goes, @poppyharlowcnn, @mmasnick, @evacide, @mask_bastard, @geoffmanne, @jameeljaffer, @radleybalko, @jameeljaffer, @monicaonairtalk, @steve_vladeck, @leftynavyseal, @basedkarbon, @karilake, @esqueer_, @mattkilboy, @rothforidaho, @adamkovac, @caseymattox_, @evacide, and @mmasnick
| Natasha Lomas / TechCrunch: |
Unsealed court docs in a privacy user profiling suit against Meta show that apps from Zynga, Yahoo, and others had extensive access to users' friends' data — It's not the crime, it's the cover up... The scandal-hit company formerly known as Facebook has fought for over four years to keep … | Matteo Wong / The Atlantic: |
How neural network chess engines redefined the game's creativity, leading some top players to use deception, misdirection, and other psychological techniques — It was as if a bottom seed had knocked out the top team in March Madness: At the Sinquefield Cup chess tournament in St. Louis earlier this month … | Financial Times: |
Sources: BeReal is exploring adding paid features to avoid advertising; the app has 15M+ DAUs, up from 10K in March 2021, and was valued at ~$600M in June 2022 — Photo-sharing app BeReal is exploring the addition of in-app payments for extra features to avoid Instagram-style advertising …
Tweets: @glenngabe and @cristinacriddle
| Andrew J. Hawkins / The Verge: |
Uber says there is “no evidence” the hacker accessed sensitive user info, like trip histories, during the breach and that all its products are now “operational” — Uber says there is “no evidence” that any of its users' private information was compromised in a breach of its internal computer systems.
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Uber Newsroom, Wired, The Economic Times, BGR India, Observer, Gizmodo, Wall Street Journal, GovTech, Dark Reading, iPhone in Canada Blog, Tech Xplore, Slashdot, and TIME
Tweets: @uber_comms, @reggblinker, and @racheltobac
| Washington Post: |
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The Hacker News, VICE, The Verge, Mashable, Bloomberg, The Verge, Wall Street Journal, Metacurity, Ars Technica, VentureBeat, HotHardware, Fortune, DataBreaches.net, SlashGear, Channel Futures, TechRepublic, CNET, Science Business Today, CyberScoop, International Business Times, MobileSyrup, Trak.in, Security Boulevard, New York Post, ZDNet, HackRead, Fossbytes, 9to5Mac, CNBC, PYMNTS.com, The Hill, Gizmodo, Tech Monitor, Engadget, Insider, Forbes, and The Guardian
Tweets: @uber_comms, @samwcyo, @hacker_, @coltonseal, @samwcyo, @kyliebytes, @kyliebytes, @cityofthetown, @lorenzofb, @kwestin, @willoremus, @film_girl, @josephmenn, @kyliebytes, @kateconger, @carlquintanilla, @laurentbercot, @k8em0, @rik_ferguson, @da_667, @aaschapiro, @faizsays, @kantrowitz, @tomwarren, @williamlegate, @roybahat, and @dangoodin001
| Stefanie Marotta / Bloomberg: |
Shopify changes its compensation practices to let employees choose a mix of cash, restricted stock units, and stock options; Shopify's stock is down 73% in 2022 — Shopify Inc. is changing its compensation practices to let staff decide how much of their pay will be cash versus equity … | Jonathan Vanian / CNBC: |
Meta's stock has lost 60% of its value in the past 12 months, by far the biggest slide among Big Tech stocks and more than double the Nasdaq Composite's drop — - Meta shares dropped below the company's pandemic nadir during the day on Friday and are down more than 60% for the year.
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MarketWatch. Tweets: @chriskeall, @aparanjape, @carnage4life, @jiggycapital, @fbbagholder, @fbbagholder, and @finimize
| Sidhartha Shukla / Bloomberg: |
After Ethereum's Merge, a look at four more upgrades to the crypto network under active development: The Surge, The Verge, The Purge, and The Splurge — After much celebration over the successful transition of Ethereum, the question remains what's next for the most commercially-significant crypto project.
More:
TechCrunch, TechCrunch, Crypto Onramp Newsletter, and Blockchain News
| Sharon Goldman / VentureBeat: |
An interview with AI pioneers Geoffrey Hinton, Yann LeCun, and Fei-Fei Li on deep learning's progress since 2012's groundbreaking ImageNet database research — Artificial intelligence (AI) pioneer Geoffrey Hinton, one of the trailblazers of the deep learning “revolution” that began a decade ago …
Tweets: @emilymbender, @emilymbender, @emilymbender, @emilymbender, @emilymbender, @chrmanning, @venturebeat, and @emilymbender
Sponsor Posts
Meta:
Open Source AI: Available to all, not just the few — Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Open Source AI: Available to all, not just the few — Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Zoho:
Celebrate and collaborate this holiday season with Zoho Cliq — The holiday season is a time for celebration, relaxation, and reflection. While some people are busy wrapping presents for their loved ones …
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Genesys:
Executive Insights: The Era of Contact Center AI Copilots — How AI copilots are transforming customer experience and agent performance.
Executive Insights: The Era of Contact Center AI Copilots — How AI copilots are transforming customer experience and agent performance.
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