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January 20, 2023, 7:45 AM
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memeorandum
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| Bloomberg: |
Memo: Alphabet plans to cut around 12,000 jobs, more than 6% of its global workforce; Sundar Pichai says he takes “full responsibility” for the need to cut jobs — Google parent Alphabet Inc. said it will cut about 12,000 jobs, more than 6% of its global workforce …
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| Kevin Simauchi / Bloomberg: |
Crypto lender Genesis Global Capital files for Chapter 11 bankruptcy in New York, listing the estimated range for both assets and liabilities between $1B-$10B — Cryptocurrency lender Genesis Global Capital filed for bankruptcy, the latest firm to collapse in the aftermath of FTX's swift downfall.
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| Karissa Bell / Engadget: |
Twitter quietly updates its developer agreement with a clause banning third-party clients, after claiming the company was “enforcing long-standing API rules” — In case there was any doubt about Twitter's intentions in cutting off the developers of third-party apps …
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The Breakroom, Twitter, Inc., The Verge, 9to5Google, Silicon Republic, Forbes, BetaNews, Android Police, TechCrunch, Phandroid, SamMobile, iMore, Wccftech, Digital Trends, XDA Developers, Neowin, SlashGear, iPhone in Canada Blog, BGR, and The Information
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| Anna Nicolaou / Financial Times: |
Netflix co-founder Reed Hastings steps down as co-CEO but plans to stay on as executive chair; the company promotes COO Greg Peters to co-CEO with Ted Sarandos — Streaming company names new leadership as it looks to reset after ‘tough year’ in 2022 — Reed Hastings is stepping …
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| Sarah Whitten / CNBC: |
Netflix reports Q4 revenue up 1.9% YoY to $7.85B, $55M net income, down from $607M YoY, 231M paid memberships, adding 7.66M subscribers vs. 4.57M expected — - Netflix added 7.66 million paid subscribers during the fourth quarter, more than the 4.57 million Wall Street expected.
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| Emma Roth / The Verge: |
| Catherine Larkin / Bloomberg: |
SEC filing: T-Mobile says a hacker stole the data of ~37M customers, including names, addresses, and phone numbers, but not passwords, SSNs, or credit cards — T-Mobile US Inc. said a hacker obtained data for 37 million customer accounts, though it didn't include payment card information or personal identifying numbers.
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T-Mobile, Reuters, CNET, Wall Street Journal, New York Times, SEC.gov, Android Authority, BleepingComputer, PCMag, CSO, Krebs on Security, Silicon Republic, TechCrunch, TechCircle, Laptop Mag, Appuals.com, Infosecurity, Slashdot, Coinspeaker, Associated Press, Engadget, SecurityWeek, BGR, The Register, Washington Post, PYMNTS.com, GovInfoSecurity.com, Digital Trends, SiliconANGLE, GeekWire, CyberScoop, CRN, Tom's Guide, ZDNet, WebProNews, TheStreet, and CNN
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Tweets: @lorenzofb, @j0hnnyxm4s, @stevekopack, @eliblumenthal, @bleepincomputer, @blaw, @zseano, @robpegoraro, @racheltobac, and @eliblumenthal
| The Block: |
Crypto lender Nexo agrees to pay $45M in penalties to settle SEC and US state charges for failing to register the offer and sale of its Earn Interest Product — - The SEC charged Nexo for failing to register the offer and sale of its crypto asset lending product, called the Earn Interest Product.
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U.S. Securities …, Nexo.io Blog, Finextra, Blockworks, Cointelegraph, Bloomberg, crypto.news, Bitcoin News, CryptoPotato, CoinGape, CryptoSlate, Financial Times, Wall Street Journal, Cryptopolitan, FXStreet, New York Times, and The Information
Tweets: @secgov, @nexo, @nexo, @bitboy_crypto, @eduardbrichuk, @jcoviedo6, @chainlinkgod, @theiasupernova, @nicolasdorier, @johnedeaton1, and @antoninexo
| Bloomberg: |
Sources: Nintendo plans to increase production of its six-year-old Switch console in the coming fiscal year, starting in April 2023, as demand remains strong — Nintendo Co. plans to increase production of its six-year-old Switch console in the coming fiscal year after shipping roughly 21 …
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GamesIndustry.biz, Video Games Chronicle, GamingBolt, Gameranx, Gamereactor UK, Wccftech, Press Start, Appuals.com, and Game Rant
Tweets: @genepark, @jackal27, @godfree, @blun_z, and @6d6f636869
| Dean Takahashi / VentureBeat: |
A survey of 2,300+ game developers: 45% don't buy the promise of the metaverse, 53% support unionization, 91% say harassment by players is an issue, and more — Game developers are more skeptical of metaverse and blockchain projects, according to a new survey by the Game Developers Conference.
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Axios, Business Wire, TechCircle, TrueAchievements, Washington Post, GamesHub, and MobileSyrup. Tweets: @gamedevdotcom
| Bill Toulas / BleepingComputer: |
PayPal says hackers accessed the sensitive data of ~35K users, including addresses and social security numbers, in a December 2022 credential stuffing attack — PayPal is sending out data breach notifications to thousands of users who had their accounts accessed through credential stuffing attacks that exposed some personal data.
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BetaNews, Finextra, The Record, TechSpot, Laptop Mag, The Register, gHacks Technology News, Infosecurity, SiliconANGLE, Dark Reading, and HackRead. Tweets: @marshacollier
| Nico Grant / New York Times: |
Sources: Google executives met with Larry Page and Sergey Brin last month to discuss Google's AI efforts, as the company seeks to combat OpenAI's ChatGPT — A rival chatbot has shaken Google out of its routine, with the founders who left three years ago re-engaging and more than 20 A.I. projects in the works.
Tweets: @schuldensuehner, @sociogeeks_, and @cademetz
| Bloomberg: |
The Chinese government grants Didi permission to republish its apps on Apple's, Huawei's, Xiaomi's, and other app stores, after over a year of regulatory limbo — Didi Global Inc.'s main apps have returned to the country's biggest mobile stores, allowing the ride-hailing giant to resume growth …
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Reuters and South China Morning Post
| Jagmeet Singh / TechCrunch: |
India releases rules on social media influencers and virtual avatars promoting content without disclosing payment, adding an up to ~$12.3K fine for violations — As the market of social media influencers is getting bigger in India, the South Asian nation has introduced endorsement guidelines …
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YouTube, The Guardian, Inc42 Media, Hindustan Times, Moneycontrol, India Today, and LatestLY. Tweets: @sentientsixp
| Connie Loizos / TechCrunch: |
Myspace co-founders Chris DeWolfe and Aber Whitcomb's PLAI Labs raised a $32M seed led by a16z to build social platforms leveraging generative AI and Web3 — A $32 million seed round may seem like a throwback to frothier times like . . .2021. But that's how much PLAI Labs just raised in a deal led by Andreessen Horowitz (a16z).| Billboard: |
Amazon plans to hike Music Unlimited's monthly prices by $1 and £1 to $10.99 and £10.99 in the US and UK on February 21, matching Apple Music's October increase — Prices will rise to $10.99/10.99 pounds per month for individual plans and $5.99/5.99 pounds per month for students.Sponsor Posts
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Zoho:
Zoho Sign is a “high growth performer” in the Frost & Sullivan's Frost Radar™ for electronic signature software, 2024 — We are happy to announce that Zoho Sign has clinched a position as a high growth performer …
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