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January 23, 2023, 7:25 AM
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memeorandum
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| Eva Mathews / Reuters: |
Spotify plans to lay off around 6% of its workforce, says content head Dawn Ostroff will leave the company, and reorganizes engineering and product groups — Music streaming firm Spotify plans to cut 6% of its workforce, the company said on Monday, a move that will add to a glut of layoffs …
More:
Bloomberg, Spotify, Bloomberg, London Evening Standard, MarketWatch, Music Ally, RTÉ, Neowin, Tech in Asia, and The Hollywood Reporter
Tweets: @ashleyrcarman, @sarafischer, @pkafka, and @lucas_shaw
| David Pan / Bloomberg: |
Binance says Signature Bank will only handle transactions of over $100,000, starting on February 1, as the US bank decreases its exposure to crypto markets — Binance, the world's largest cryptocurrency exchange, said Signature Bank will only handle user transactions of more than $100,000 … | Wall Street Journal: |
Sources: activist investor Elliott Management acquired a multibillion-dollar Salesforce stake; a partner says the firm has “a deep respect for Marc Benioff” — Elliott Management makes a multibillion-dollar investment in the business-software provider
More:
The Information, Insider, New York Times, Barron's Online, Bloomberg, SiliconANGLE, Reuters, Financial Times, and Axios
Tweets: @divestech, @stockmktnewz, @economyapp, @briansozzi, @saraheneedleman, @danprimack, @jessecohn4, @laurenthomas, @jason, @martinsfp, and @jessecohn4
| Rolling Stone: |
Sources: Donald Trump does not want to renew his Truth Social exclusivity contract, expiring in June 2023, and is asking associates for first tweet suggestions — The ex-president is planning his first tweets with a few months to go on his Truth Social contract
Tweets: @rollingstone, @jason_kint, @goldman, @amoneyresists, @rollingstone, @kimmasters, @therickwilson, and @jyarow
| Mark Gurman / Bloomberg: |
Analysis: Apple timed the MacBook Pro, Mac mini, and HomePod launches to boost this quarter's revenue and avoid suffering supply issues in the holiday season — Apple timed the launch of the new MacBook Pro, Mac mini and HomePod to shore up its current quarter's revenue …
More:
Philip Elmer‑DeWitt, 9to5Mac, 9to5Mac, Tom's Guide, Laptop Mag, BGR, PCMag, Cult of Mac, Engadget, The Verge, and MacRumors. Tweets: @markgurman
| Joseph Menn / Washington Post: |
Researchers and ex-Twitter staff: physical attacks in the US track with Twitter spikes in some hate speech, notably anti-Semitic and anti-gay slurs and rhetoric — SAN FRANCISCO — Earlier this month, the FBI charged a Florida man with making detailed online threats to murder 100 gay people.| Jez Corden / Windows Central: |
Microsoft laid off the entire teams behind its virtual reality platform AltspaceVR, which will shut down in March 2023, and its Mixed Reality Tool Kit framework — HoloLens, Virtual Reality, and Mixed Reality are all but dead at Microsoft. — What you need to know
More:
The Block, Thurrott, AltspaceVR, Tom's Hardware, Android Authority, TechCircle, CoinDesk, The Overspill, MSPoweruser, SiliconANGLE, iMore, PCMag, TheGamer, The Verge, Wccftech, AppleInsider, Engadget, and TechCrunch
Mastodon: @mpesce@arvr.social, @andrew@esq.social, and @jank0@sfba.social
| Janko Roettgers / Lowpass: |
Sources: Samsung is aiming to bring its free TV Plus streaming service to third-party TVs and is approaching rival manufacturers about the idea — Move FAST and make money … To grow the audience of its free TV Plus streaming service, Samsung is considering a move that seemed unthinkable …
More:
SamNews 24, The Verge, Fossbytes, SamMobile, and Appuals.com
| The Daily Dot: |
CommuteAir removed a 2019 copy of the US No Fly List, after a researcher said they found the list, with 1.5M+ entries and many aliases, on an unsecured server — One of the most sensitive U.S. government documents was left online. — An unsecured server discovered by a security researcher …
More:
Insider, HackRead, VICE, CNN, Kotaku, The Register, PCMag, SiliconANGLE, TheGamer, Mashable, Slashdot, Papers, Please!, CNN, Gizmodo, and Wired
| Pranav Dixit / BuzzFeed News: |
How artists Kelly McKernan, Karla Ortiz, and Sarah Andersen found each other due to their AI concerns and sued Stable Diffusion, Midjourney, and DeviantArt — “This [tech] effectively destroys an entire career path.” — Last year, Kelly McKernan, a 36-year-old artist from Nashville … | Alexander Osipovich / Wall Street Journal: |
Genesis Global Capital's bankruptcy marks the end of an era of crypto lenders trying to bring the centuries-old banking model to digital currencies — Risk in crypto-lending sector was poorly managed, subjecting users to heavy losses after epic boom — The late-night bankruptcy filing …
Tweets: @acemaxx, @dr_cswright, and @aosipovich
| Tripp Mickle / New York Times: |
The recent tech layoffs highlight a generational divide between younger workers, experiencing their first downturn, and older workers, who have been here before — The industry's recent job cuts have been an awakening for a generation of workers who have never experienced a cyclical crash.
More:
The Economic Times. Tweets: @aaron_renn, @neilmunrodc, @jamesfallows, @rr_edmonds, and @dorocren
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