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February 12, 2023, 3:05 AM
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| Financial Times: |
Sources: Meta delayed finalizing multiple teams' budgets while preparing a fresh round of job cuts, slowing down projects even for the metaverse and advertising — Mark Zuckerberg's aim of wrestling costs in his ‘year of efficiency’ causes disruption at the social media company
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Reuters, Fortune, Forbes, Appuals.com, Engadget, and Mashable
Tweets: @justpavankumar, @ingmire, and @01core_ben
| Emma Roth / The Verge: |
Opera says it is testing a new ChatGPT-powered “shorten” feature in its browser that provides bulleted summaries of articles or webpages in the sidebar — The feature, called “shorten,” is part of the company's broader plans to integrate AI tools into its browser, similar to what Microsoft's doing with Edge.
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CNBC, Opera News, Neowin, TechRadar, Digital Trends, BGR, Tech Startups, and gHacks Technology News
Tweets: @parkerortolani, @fairlight_cap, and @austinnotduncan
| 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 …
More:
The Verge, Center for Countering …, Insider, and Mashable
Tweets: @helenkennedy, @pnewman51, @scottjshapiro, @charles_gaba, @grady_booch, @paulachertok, and @ccdhate
| 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 …
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BleepingComputer, The San Joaquin Valley Sun, City of Oakland, Security Affairs, and Mercury News
Tweets: @brettcallow and @therecord_media
| 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 …
More:
European Commission. Tweets: @astaniscia86, @montezumachavez, @robertjbateman, and @wolfiechristl
| John Herrman / New York Magazine: |
How Rumble, which claims to have 71M MAUs, became the only success story in right-wing social media by letting creators who are banned elsewhere monetize video — For a moment, the right's longtime dream of an alternative social media seemed within reach. Various companies had been trying …
Tweets: @jwherrman, @ggreenwald, and @ben_kew
| 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’.
Tweets: @marshallk, @perplexity_ai, @mirkolorenz, @jonathankriner, @marshallk, @tonicowanbrown, @benedictevans, and @cjpberry
| Kirsten Grind / Wall Street Journal: |
Sources and memo: Zappos laid off over 300 employees in January, or ~20% of its workforce, including in customer service, as part of broader layoffs at Amazon — A round of layoffs marks latest major change to the tech giant's subsidiary — Tech Layoffs Pile Up as Bosses Reverse Course
More:
Insider, Bloomberg, and Appuals.com
Tweets: @kirstengrind, @noopkat, @dougonipcomm, and @paulafrancis8
| Christopher Mims / Wall Street Journal: |
Creating trustworthy generative AI requires resources probably on the scale of what companies like Microsoft and Google possess, making them even more powerful — Relying on tech giants for both answers and assistance, rather than just information, could entrench them into our lives more deeply than ever| Jennifer Elias / CNBC: |
Google staff criticize company leadership over the Bard announcement, calling the unveil “botched”, “myopic”, and “un-Googley” on the internal forum Memegen — - Google employees took to Memegen this week, filling the message repository with criticisms … | Louise Matsakis / Semafor: |
Sources: TikTok's Internal Audit team that spied on journalists had wide investigative powers with little oversight; ByteDance says it's restructuring the team — TikTok's hyper-aggressive internal security team drew a wave of complaints from employees before its conduct exploded …
More:
MarketWatch, Observer, Tubefilter, New York Post, Appuals.com, Associated Press, and Livemint
Tweets: @jason_koebler, @lmatsakis, and @lmatsakis
| Reuters: |
Stock exchange data: Alibaba sold its remaining 3.16% Paytm stake for ~$167.14M, days after Paytm posted its first quarterly operating profit post IPO — China's Alibaba Group (9988.HK) has sold its remaining stake in Indian digital payments firm Paytm (PAYT.NS) for about 13.78 billion rupees …
More:
The Economic Times, Livemint, Livemint, Moneycontrol, and Inc42 Media
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