Techmeme
February 11, 2023, 5:25 PM

Top News

Bloomberg:
Source: PayPal is pausing work on its stablecoin as regulators increase their scrutiny of cryptocurrencies and its key partner Paxos faces a probe in New York  —  PayPal Holdings Inc. is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner …
Clare Duffy / CNN:
Pathmatics estimates the monthly revenue from Twitter's top 1,000 advertisers fell 60%+ from around $127M in October 2022 to just over $48M by January 25, 2023  —  New York CNN —  —  More than half of Twitter's top 1,000 advertisers in September were no longer spending on the platform …
Jonathan Greig / The Record:
The City of Oakland confirms reports of a ransomware attack on its networks but says that 911, financial data, and fire and emergency resources weren't impacted  —  The City of Oakland confirmed reports that its networks had been hit with ransomware after rumors emerged online that several agencies …
Charlotte Van Campenhout / Reuters:
An advertising joint venture by Deutsche Telekom, Orange, Telefonica, and Vodafone to rival Meta and Google wins unconditional EU antitrust approval  —  Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA), Telefonica (TEF.MC) and Vodafone (VOD.L) on Friday secured unconditional EU antitrust approval …
Kevin McLaughlin / The Information:
Source: Microsoft shut its Industrial Metaverse Core team, formed in October 2022 to build tools for industrial settings, and laid off the team's ~100 employees  —  In a surprising reversal, Microsoft has killed a team it formed four months ago to help customers use the metaverse in industrial settings …
Dina Bass / Bloomberg:
Benedict Evans:
A 2023 overview of macro tech trends, focusing on the e-commerce slowdown, layoffs, Amazon, advertising, and generative AI opportunities beyond text and images  —  Presentations Every year, I produce a big presentation exploring macro and strategic trends in the tech industry.  This year, ‘The New Gatekeepers’.
Antonio Olivo / Washington Post:
Some local legislators and residents in Northern Virginia, home to ~275 data centers with dozens more planned, complain of land use, cooling fan noise, and more  —  A drone soared over a cluster of data center buildings in Northern Virginia, recording video of rooftop exhaust fans whose constant whir …

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Financial Times:
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Earlier Picks

Lauren Feiner / CNBC:
Chris Stokel-Walker / Fast Company: