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October 20, 2022, 9:25 PM
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| Washington Post: |
Docs: if Elon Musk buys Twitter, he plans to cut nearly 75% of staff; otherwise, Twitter aims to cut payroll by ~$800M by the end of 2023, ousting ~25% of staff — Previously unreported details shed new light on Twitter's motivations for selling the company — and Elon Musk's plans to transform it| Emily Baker-White / Forbes: |
Documents: a China-based ByteDance audit and risk control team planned to collect TikTok location data of specific US citizens never employed by the company — The project, assigned to a Beijing-led team, would have involved accessing location data from some U.S. users' devices without their knowledge or consent.
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Bloomberg, Insider, and The Hill
Tweets: @repjamescomer, @rmac18, @paulszoldra, @alexstamos, @ebakerwhite, @rmac18, @profcarroll, @nycsouthpaw, @kevincollier, @iron_man_actual, and @greggfavre
| Adam James / The Block: |
DeFi proponents criticize Sam Bankman-Fried for a regulatory proposal suggesting websites facilitating trading on decentralized exchanges should be regulated — - Various individuals in the blockchain and cryptocurrency industry are lambasting Sam Bankman-Fried after the FTX CEO shared …
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FTX Policy, Money and State, DeFi Education, Crypto Briefing, CryptoPotato, CryptoSlate, Bloomberg, Protos, and CoinJournal
Tweets: @sbf_ftx, @erikvoorhees, @ryansadams, @sbf_ftx, @defikash, @scupytrooples, @scott_lew_is, @friedmandave, @petrifytcg, @sbf_ftx, @sbf_ftx, @erikvoorhees, @degenspartan, @dystopiabreaker, @cagyjan1, @chrisamccoy, @sbf_ftx, @cburniske, @sbf_ftx, @sbf_ftx, @fintechfrank, @sassal0x, @twobitidiot, @goldk3y_, and @mrjasonchoi
| Platformer: |
Mailchimp CEO Ben Chestnut stepped down in August 2022 after sending an email saying that staff announcing their pronouns in meetings “does more harm than good” — Ben Chestnut stepped down in August after arguing that asking for pronouns at the start of meetings “does more harm than good”
Tweets: @caseynewton, @katienotopoulos, @justkelly_ok, @revshark, and @zoeschiffer
| Ben Schoon / 9to5Google: |
YouTube announces YouTube Premium's first major price hike, increasing the family plan from $17.99/month to $22.99/month, or $29.99/month in the App Store — YouTube Premium is getting its first major price hike as the service will now charge $22.99 per month for its family plan.
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The Verge, AppleInsider, Engadget, Android Authority, BGR, Phandroid, How-To Geek, Android Central, Pocketables, MobileSyrup, Droid Life, Digital Trends, iPhone Hacks, iMore, and Android Police
Tweets: @patrickmcgee_, @nexusben, and @aroondeep
| Kyle Alspach / Protocol: |
Microsoft confirms some customer data was exposed due to a server configuration error but says SOCRadar exaggerated by claiming 65K+ companies were affected — Microsoft said Wednesday that an unspecified amount of customer data, including contact info and email content …
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SOCRadar® Cyber …, Microsoft Security …, BleepingComputer, Ars Technica, Metacurity, Security Affairs, SecurityWeek, HotHardware, The Register, Windows Central, SC Media, HackRead, TechRadar, Petri IT Knowledgebase, Digital Trends, Graham Cluley, BetaNews, gHacks Technology News, Dark Reading, and SiliconANGLE
Tweets: @gossithedog, @quinnypig, @ryanaraine, @vxunderground, and @david_obrien
| Miles Kruppa / Wall Street Journal: |
Texas' AG sues Google for allegedly using Photos, Assistant, and Nest features to collect facial- and voice-recognition data without seeking users' full consent — State alleges tech giant didn't obtain user consent for biometric-data use — The Texas attorney general sued Alphabet Inc …
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Texas Attorney General, New York Times, Bloomberg, Ars Technica, BleepingComputer, USA Today, International Business Times, New York Post, The Register, Engadget, Reuters, CNN, Gizmodo, Fortune, Android Authority, MUO, and PCMag
Tweets: @jmbooyah, @kashhill, @chronotope, @margimurphy, @blaw, and @kimcrayton1
| Thomas Germain / Gizmodo: |
Google now lets users disable targeted ads without breaking useful features by having to turn off settings like Web & App Activity and YouTube History — In a major fix, Google's own privacy settings will no longer disable crucial features of its apps. — Alerts
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The Keyword, Wired UK, The Verge, Social Media Today, ZDNet, Search Engine Journal, Digiday, and The Hill
Tweets: @eric_seufert, @doctorow, @mcproulx, @adsliaison, @glenngabe, @blakersdozen, @gartenberg, @ryanbarwick, @google, and @baxiabhishek
| New York Times: |
Sources: Instacart is pulling its plans to go public in 2022; the company confidentially filed for an IPO earlier this year — The food delivery company had been moving toward a public offering, but the window for such deals is shutting amid market turmoil.
More:
Axios
| Tim Hakki / Decrypt: |
CoinGecko: the Aptos token fell 40.5% on its first day of trading; Aptos' Layer 1 blockchain was panned for opaque tokenomics and a low transaction throughput — The price of Aptos has crashed more than 40% a day after launch as investors remain wary of the network's widely-panned mainnet rollout.
More:
Aptos Foundation, The Block, San Francisco Business Journal, TheStreet, CoinDesk, SiliconANGLE, CoinDesk, MEXC Global Blog, IsvernNoah, International Business Times, CryptoSlate, CoinDesk, and Decrypt
Tweets: @cobie, @aptosfoundation, @aptoslabs, @alpha_pls, @cobie, @cobie, @gainzy222, and @sherlock_hodles
| The Information: |
Sources: OpenAI is in advanced talks to raise more funding from Microsoft, after a 2021 raise at an implied ~$20B valuation from Sequoia, Tiger, a16z, others — OpenAI, whose text- and image-generating artificial intelligence has become a mainstream hit, is in advanced talks to raise …
More:
Wall Street Journal
| Jonathan Vanian / CNBC: |
Snap reports Q3 revenue up 6% YoY to $1.13B, vs. $ 1.14B est., DAUs up 19% YoY to 363M, vs. 358.2M est., a $360M net loss, up from $72M YoY; stock is down 25%+ — - Snap beat analysts' expectations on earnings per share but missed on revenue. — The company's board authorized a stock repurchase program of up to $500 million.
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The Information, Los Angeles Times, CNN, TechCrunch, The Hollywood Reporter, Benzinga, MarketWatch, Axios, Bloomberg, Reuters, Investor's Business Daily, Shacknews, Snap Inc., SiliconANGLE, Adweek, Financial Times, New York Times, Deadline, Variety, Wall Street Journal, Barron's Online, and Mobile Dev Memo
Tweets: @chrisjbakke, @carnage4life, @levynews, @meghanbobrowsky, @pt, @ericjackson, @stockmarketnerd, @zerohedge, and @teroterotero
| Forbes: |
Sources: senior Stripe executives asked managers to restart giving lower ratings on performance reviews to 10% to 15% of staff, to prune the company's workforce — As the economy slows, more tech companies have been showing employees the door. Now some senior leaders at Silicon Valley fintech giant Stripe …
More:
Protocol, TechCrunch, and TechnologyAdvice
Tweets: @leeloowrites, @eringriffith, @jmover, @theryanford, @mslopatto, @leeloowrites, @jeffkauflin, @caleweissman, @carnage4life, @alexrkonrad, @joshuamauldin, @mikulaja, and @theromit. Thanks:@alexrkonrad
| Meta: |
Meta adds Reels to Facebook Groups, and says that most Facebook users are members of at least 15 active groups and there are 100M+ “group joins” every day — Takeaways — We're adding more options for people to connect over shared interests, including Reels in Facebook Groups and updates to your Group profile.| Mitchell Clark / The Verge: |
Google says that over 250M monthly active devices now run Android Go edition, which is designed for phones with limited storage and memory — Google has announced that over a quarter of a billion devices that people use each month are running Android Go edition, which is designed for phones with limited storage and memory.
More:
BigTechWire, Thurrott, MUO, Android Headlines, Livemint, BGR India, and Android Police
| Abner Li / 9to5Google: |
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The Keyword, XDA Developers, WinBuzzer, Android Headlines, GreenBot, Gizchina, TechCircle, Neowin, Fossbytes, SamMobile, Digit, Phandroid, Huawei Central, and Android Authority. Tweets: @mishaalrahman
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