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January 20, 2023, 11:15 AM
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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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The Keyword, Reuters, The Verge, Associated Press, Wall Street Journal, BBC, PCWorld, NBC News, Tom's Hardware, CNET, Thurrott, Metaverse Post, The Economic Times, DCD, NPR, USA Today, ZDNet, Tech Monitor, CNN, Gizmodo, Search Engine Land, CNBC, Computerworld, MobileSyrup, The Register, Insider, Livemint, The Hill, WinBuzzer, Tech in Asia, Silicon Republic, Fast Company, TechSpot, New York Times, PCMag, Patently Apple, PC Gamer, 9to5Google, IGN, TechCrunch, gHacks Technology News, Android Central, MarketWatch, PhoneArena, Micky, Financial Times, Mashable, Engadget, Coinspeaker, Tech Xplore, TheGamer, TechCircle, Deadline, City A.M., Neowin, Variety, RTÉ, The Economic Times, Voice of America, Semafor, Moneycontrol, Appuals.com, NBC Bay Area, Barron's Online, and The Hollywood Reporter
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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, PCWorld, Thurrott, Android Authority, MobileSyrup, iMore, TechCrunch, Forbes, MacRumors, Phandroid, SamMobile, BetaNews, Silicon Republic, Pocket-lint, and Wccftech
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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 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.
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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, TechCrunch, Wall Street Journal, CNET, New York Times, SEC.gov, USA Today, The Verge, The Hill, Android Police, The Record, Krebs on Security, Washington Post, TechRadar, TechSpot, Graham Cluley, Associated Press, BleepingComputer, PCMag, TechCircle, Laptop Mag, Slashdot, Appuals.com, Engadget, Coinspeaker, PYMNTS.com, Infosecurity, SecurityWeek, and Android Authority
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| 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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Destructoid, GamesIndustry.biz, GameSpot, iPhone in Canada Blog, IGN, Video Games Chronicle, Wccftech, Gameranx, Game Rant, and GamingBolt
Tweets: @genepark, @jackal27, @godfree, @blun_z, and @6d6f636869
| 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.
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The Verge, Tech.eu, Beyond Search, and CoinGape
Tweets: @schuldensuehner, @sociogeeks_, and @cademetz
| 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, Coinspeaker, Cointelegraph, Bloomberg, CoinGeek, Bitcoin News, CryptoPotato, crypto.news, CoinGape, and Blockworks
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| 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.| Iris Deng / South China Morning Post: |
Canalys: Xiaomi shipments in India fell 40% YoY in Q4 2022 amid government scrutiny, falling behind Samsung and Vivo after being the top seller for 20 quarters — Chinese smartphone giant Xiaomi was dethroned in India for the first time in five years by Samsung Electronics and Vivo … | Drew Harwell / Washington Post: |
Experts argue the TikTok ban by over two dozen US states is a reflection of government groupthink and an overreaction to an app officials don't fully understand — More than two dozen states have banned the lighthearted video app, citing fears of ‘Chinese infiltration.’ But some experts call …
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Forbes, The Guardian, Norman Transcript, Observer, Reuters, The Information, and TechCrunch. Tweets: @shiraovide
| 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 Economic Times, TechCircle, The Guardian, MediaNama, Hindustan Times, Moneycontrol, India Today, and Inc42 Media
Tweets: @medianama, @pib_india, @3011_ajit, and @sentientsixp
| Bloomberg: |
Ex-FTX US President Brett Harrison raised $5M for Architect, a new firm which will build crypto trading software for large investors, from Coinbase and others — Former FTX US President Brett Harrison has raised $5 million for a new crypto software startup from investors such as Coinbase Ventures …
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CoinDesk, The Block, FinSMEs, TechCrunch, Cointelegraph, Cryptonews, CryptoSlate, and CoinJournal
| 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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Gizmodo, Techaeris, and The Overspill
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