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January 20, 2023, 3:30 PM
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memeorandum
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| Bloomberg: |
Memo: Alphabet plans to cut ~12,000 jobs, 6%+ of its global workforce; CEO Sundar Pichai says he takes “full responsibility for the decisions that led us here” — 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 files for Chapter 11 bankruptcy in New York, listing the estimated range for both assets and liabilities as between $1B and $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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Axios, CoinDesk, Genesis, Bloomberg, The Block, Associated Press, Wall Street Journal, Bitcoinist.com, Financial Times, Gizmodo, SiliconANGLE, Reuters, Cointelegraph, Inside Bitcoins, Neowin, Crypto Briefing, crypto.news, Bitcoin Magazine, CoinGape, BBC, The Block, The Block, Coinpedia Fintech News, Crypto Adventure, Forbes, CryptoSlate, CryptoPotato, The Guardian, Tech in Asia, Ethereum World News, CoinJournal, Crowdfund Insider, and The Verge
Tweets: @cameron, @cameron, @hsakatrades, @benbybit, @alphaketchum, @peckshieldalert, @hsakatrades, @ap_abacus, @sonalibasak, @mikealfred, @fredwalton216, @adamscochran, @coindesk, @wublockchain, @cameron, @chrisblec, @hodlkryptonite, @doveywan, @unusual_whales, @crypto_mckenna, @tsm_leffen, @nansen_ai, @autismcapital, @jjauthor, @ashcryptoreal, @kamikaz_eth, @adamscochran, @emilyjnicolle, @evan_van_ness, @simondixontwitt, @muncheds3, @anoniemxbt, @gainzy222, @joeconsorti, @nansen_ai, @gergelyorosz, @dogetoshi, @dylanleclair_, @basedkarbon, @simondixontwitt, and @watcherguru
| Ryan Weeks / The Block: |
Bankruptcy filing: Genesis Global owes more than $3.6B to its top 50 creditors, including $766M to the Winklevoss' Gemini Trust Company and $151M to Mirana — - Genesis Global filed for bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York.
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CoinDesk, Cointelegraph, Fortune, Coinpedia Fintech News, The Weekly Update, Decrypt, and Cryptopolitan
Tweets: @shaig, @poordart, and @sujaljethwani
| Nico Grant / New York Times: |
Sources: Google executives met with Larry Page and Sergey Brin in December to discuss AI products; Google plans to demo web search with chatbot features in 2023 — 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.
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TheStreet, Fortune, Windows Central, Android Authority, The Verge, Search Engine Land, CNET, Engadget, 9to5Google, iPhone in Canada Blog, SlashGear, BigTechWire, Gizchina, Bluejobpool's Substack, Tech.eu, Beyond Search, CoinGape, and Appuals.com
Tweets: @schuldensuehner, @modestproposal1, @trippmickle, @jessefelder, @sociogeeks_, @nicoagrant, and @kantrowitz
| Emily Baker-White / Forbes: |
According to six employees and an internal doc, TikTok and ByteDance staff engage in “heating”, or inflating video view counts, to court influencers and brands — TikTok and ByteDance employees regularly engage in “heating,” a manual push that ensures specific videos …
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Search Engine Land, Digiday, Gizchina, and Ad Age
Mastodon: @ebakerwhite@journa.host. Tweets: @daveleeft, @chinmayiarun, @dellcam, @morgan_sung, @davemcclure, @carnage4life, @ali_lev, @mattnavarra, and @stokel. Thanks:@schwabkatharine
| The Verge: |
Source: CNET owner Red Ventures has used AI tools like Wordsmith to write stories for at least a year and a half, causing unease amid layoffs and restructuring — Fake bylines. Content farming. Affiliate fees. What happens when private equity takes over a storied news site and milks it for clicks?
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Futurism, The Verge, 9to5Google, Washington Post, Search Engine Land, TheStreet, and Second Guess
Tweets: @miarsato, @velocciraptor, @pt, @corintxt, @lukeplunkett, @rmc031, @vahn16, @marie_haynes, @chafkin, @jjvincent, @smashdawg, @shashj, @pkedrosky, @peterkirn, @billyhottakes, @jake_k, @tristanacooper, @shashj, @mcwm, @teddyamen, @alexeheath, @yoda, @jjvincent, @rustybrick, and @michellemanafy
| 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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The Verge, Game Developer, Tom's Hardware, TheGamer, TechRadar, Video Games Chronicle, Game Rant, Pocket-lint, GamesIndustry.biz, Wccftech, Gameranx, The Shortcut, Destructoid, iPhone in Canada Blog, and GameSpot
Tweets: @6d6f636869, @jackal27, @godfree, and @blun_z
| Drew Harwell / Washington Post: |
Experts argue that 24+ US states banning TikTok is a reflection of government groupthink and an overreaction to an app that officials don't entirely understand — Some states' have copied others' wording, including mistakes, as some professors complain the bans rob them of a teaching tool
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The Guardian, USA Today, AfroTech, BGR, Semafor, Observer, and The Information. Tweets: @shiraovide
| Dean Takahashi / VentureBeat: |
A survey of 2,300+ game developers: 45% say the metaverse won't deliver on its promise, 53% back unionization, 91% say player harassment 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, Washington Post, Game Developer, Business Wire, Rock, Paper, Shotgun, TechCircle, and TrueAchievements
Tweets: @danieljkelley, @goldenboyftw, @official_gdc, @stephentotilo, and @vgc_news
| Brian Fung / CNN: |
Meta, Twitter, Microsoft, Yelp, Reddit, the EFF, and more file amicus briefs backing Google in Gonzalez v. Google, asking SCOTUS to keep Section 230 protections — A wide range of businesses, internet users, academics and even human rights experts defended Big Tech's liability shield Thursday …
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Ars Technica, Computerworld, Financial Times, Search Engine Land, and Bloomberg. Tweets: @b_fung
| 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, Wall Street Journal, TechCrunch, Washington Post, SEC.gov, Associated Press, CNET, HotHardware, New York Times, XDA Developers, The Week, Krebs on Security, Android Central, Gizmodo, USA Today, The Verge, CNN, TechRadar, Appuals.com, HackRead, Laptop Mag, TechCircle, TechSpot, The Record, Android Police, Coinspeaker, Graham Cluley, and PCMag
Tweets: @lorenzofb, @mollywood, @j0hnnyxm4s, @cbsmiami, @om, @silvermanjacob, @mollywood, @zseano, @marshacollier, and @karlbode
| Jagmeet Singh / TechCrunch: |
India releases rules on social media influencers and virtual avatars promoting products 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, Livemint, The Guardian, TechCircle, Hindustan Times, The Economic Times, Moneycontrol, India Today, MediaNama, and Inc42 Media
Tweets: @medianama, @3011_ajit, and @pib_india
| Sarah Whitten / CNBC: |
Netflix 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 est.; stock is up 8%+ — - Netflix added 7.66 million paid subscribers during the fourth quarter, more than the 4.57 million Wall Street expected.| Anna Nicolaou / Financial Times: |
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About Netflix, Silicon Valley Business …, New York Times, Financial Times, City A.M., Bloomberg, and Wired. Tweets: @reedhastings
| Emma Roth / The Verge: |
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