|
August 3, 2022, 2:25 AM
|
Mediagazer
memeorandum
WeSmirchTop News
| Caitlin McCabe / Wall Street Journal: |
Robinhood plans to cut its headcount by ~23% over “additional deterioration of the macro environment”, after laying off ~9% of full-time employees in April 2022 — The job cuts mark the second round of layoffs for the online brokerage, which exploded in popularity during the Covid-19 pandemic
Source:
Under the Hood. More:
Engadget, NPR, Fortune, Global Nerdy, CNN, The Information, TechCrunch, Forbes, PYMNTS.com, Silicon Valley Business …, The Block, Protocol, Blockworks, The Verge, The Rewired Soul, and Fast Company
Tweets: @ronlieber, @rmac18, @menlobear, @michelezanini, @seldo, @bullandbaird, @ahcastor, @steveclapham, and @quinnypig
| Ashley Capoot / CNBC: |
Robinhood reports Q2 revenue down 44% YoY to $318M, vs $321M est., a $295M net loss, down from $502M YoY, and MAUs down 1.9M QoQ to 14M in June 2022 — - Robinhood CEO Vlad Tenev said the company will reduce its headcount by about 23%. — The company also dropped its second-quarter earnings report …
More:
Robinhood - Investor Relations, The Verge, SiliconANGLE, and CoinDesk
Tweets: @chriskeall and @karaswisher
| Mengqi Sun / Wall Street Journal: |
More:
Engadget, The Block, The Verge, PYMNTS.com, Coinpedia, crypto.news, Watcher Guru, Gizmodo, Observer, CryptoPotato, The Register, InfoRiskToday.com, Finextra, Decrypt, CNBC, Four Eyes Finance, Cointelegraph, Protocol, Finbold, Forkast, Bank Automation News, CoinGape, CryptoSlate, Crypto Briefing, and CoinDesk
Tweets: @carlquintanilla, @carnage4life, @lex_node, @silvermanjacob, @carnage4life, @wsjmarkets, and @seldo
| Jason Nelson / Decrypt: |
An unknown attacker has been emptying Solana and USDC wallets; blockchain audit firm OtterSec says 5K+ Solana wallets “have been drained in the past few hours” — An unknown attacker drained thousands of wallets containing at least $4 million worth of Solana and USDC late Tuesday night.
More:
CoinDesk, The Block, Web3 is going just great, Micky, CoinGape, Blockworks, Cointelegraph, CryptoSlate, and Cryptonews
| Brian Newar / Cointelegraph: |
More:
CoinDesk, TechCrunch, Web3 is going just great, Read and Share Twitter …, Bloomberg, CertiK Blockchain …, SC Media, The Verge, CNBC, Inside Bitcoins, Input, ETH Daily, CoinDesk, The Register, PYMNTS.com, Engadget, Bitcoin News, Security Boulevard, Chainalysis, The Record, PaymentSecurity.io, Gizmodo, Decrypt, Protocol, Tech Monitor, PC Gamer, Blockworks, and CoinDesk
Tweets: @nomadxyz_, @nomadxyz_, @0xfoobar, @nomadxyz_, @samczsun, @xiliangchen, @mg_486662, @fatmanterra, @0xfoobar, @paradigmeng420, @el33th4xor, @mudit__gupta, @nassyweazy, @moonbeamnetwork, @moonbeamnetwork, @samczsun, @bloombergtv, @mmasnick, @jonrog1, @cwgoes, @benedictevans, @lorenzofb, @benedictevans, @arjunbhuptani, @notifi_xyz, @chainlinkgod, @0xfoobar, @moonbeamnetwork, @0xmisaka, @nickadobos, @levicook, @0xfoobar, @cl207, @dzack23, @matthuang, @andysayler, @quantstamp, @silvermanjacob, @bradwilson, @cointelegraph, and @fatmanterra
| Adam Morgan McCarthy / The Block: |
MicroStrategy CEO Michael Saylor steps down and takes executive chairman role “to focus more on our bitcoin acquisition strategy”; president Phong Le named CEO — - Michael Saylor is set to step down from his role as CEO and become an executive chairman.
More:
MicroStrategy, CoinDesk, Bloomberg, CoinDesk, Yahoo Finance, Web3 is going just great, Micky, Blockworks, Decrypt, BTC Times, The Verge, Cointelegraph, and Crypto Briefing
Tweets: @saylor, @wublockchain, @concodanomics, @cryptowhale, and @kenziesigalos
| Michael Kan / PCMag: |
A US jury finds a former T-Mobile store owner guilty of hacking T-Mobile staff to access internal tools that he used to unlock customers' phones, raking in $25M — Argishti Khudaverdyan was found guilty of various offenses after he stole login credentials from more than 50 different T-Mobile employees across the US.| Washington Post: |
Sources: US House Speaker Nancy Pelosi is set to meet with TSMC chairman Mark Liu to discuss implementation of the Chips and Science Act during her Taiwan visit — TSMC is building a chip factory in Arizona — and considering constructing several on the site — in a project seen as key to U.S. national security
More:
Bloomberg, Qlobal-Change, TechNode, and Clandestine's Newsletter
| Sarah Perez / TechCrunch: |
Match Group says Tinder CEO Renate Nyborg is leaving after less than a year, reorganizes the app's management team, and ends Tinder's crypto and metaverse plans — Dating giant Match Group announced a series of changes to Tinder's management team alongside the announcement of disappointing second-quarter earnings on Tuesday.
Tweets: @mrinaldesai
| Tom Warren / The Verge: |
NPD Group: US consumer spending on video game products fell 13% YoY to $12.35B in Q2 2022; non-mobile subscription content was Q2's only growth category — The video game industry growth has slowed down — US consumer spending on video game products has fallen by $1.78 billion in Q2, according to market research firm NPD.
More:
NPD Group, Metro.co.uk, Windows Central, Slashdot, Dot Esports, dot.LA, TechSpot, and GameSpot
Tweets: @matpiscatella, @benjisales, @bahlivern, @boundarybreak, @necksplitter, @mavriqgg, @zeuslfc, @legacykillahd, and @tomwarren
| Natasha Mascarenhas / TechCrunch: |
Y Combinator shrinks its Summer cohort to nearly 250 companies, down 40% from 414 in its Winter cohort, due to the downturn in the economy and VC environment — Technically, the accelerator is more exclusive now — Y Combinator says it has intentionally shrunk the number of startups within its accelerator for the Summer 2022 batch.| CNBC: |
AMD reports Q2 revenue up 70% YoY to $6.6B, vs $6.53B est., including Data Center segment sales up 83% YoY to $1.5B and Client segment sales up 25% YoY to $2.2B — - AMD reported earnings for the quarter ending in June that beat estimates. — The company gave a forecast for the current quarter …
Source:
Advanced Micro Devices, Inc.. More:
The Register, Thurrott, More Than Moore, Wccftech, SiliconANGLE, and VentureBeat
| Sofia Pitt / CNBC: |
Airbnb reports Q2 revenue up 58% YoY to $2.1B, vs $2.11B est., $379M net income, up from a loss of $68M YoY, and a $2B stock buyback program — - Revenue jumped 58% year-over-year to $2.1 billion helping to drive the company's most profitable second quarter to date.| Financial Times: |
Sources: Samsung and SK Hynix are rethinking their China exposure after the US Chips and Science Act, which has qualified “guardrails” against China expansion — Leading Korean chipmakers re-evaluate further Chinese investments in response to Washington restrictions
Tweets: @muradahmed and @leilamechoui
| Bloomberg: |
More:
Nikkei Asia, Protocol, Tom Merritt Tech Newsletter, TechSpot, Appuals.com, and Tom's Hardware
Tweets: @chinabeigebook, @nikkeiasia, and @pstasiatech
| Manish Singh / TechCrunch: |
Source: Uber plans to sell its 7.8% stake in Indian food delivery startup Zomato for $350M+ after assuming an unrealized $707M loss on the investment in H2 2022 — Uber plans to sell its 7.8% holding in Indian food delivery firm Zomato as early as Wednesday, a source familiar with the matter told TechCrunch.| Sofia Pitt / CNBC: |
More:
Wall Street Journal, Financial Times, Neowin, New York Times, Bloomberg, Observer, PYMNTS.com, Fortune, Fast Company, TechCrunch, The Verge, Coinspeaker, The Guardian, Washington Post, Finbold, and Reuters
Tweets: @thestalwart, @cnbc, @ldignan, @dondekojo, @treiner5, @eliotwb, @treiner5, @sub8u, and @thestalwart
| Wall Street Journal: |
Equifax says it fixed a “technology coding issue” that sources say sent lenders faulty credit scores on millions of US consumers from mid-March to early April — During a three-week period this year, Equifax sent faulty scores to lenders, resulting in higher interest rates and denied applications
More:
Bloomberg, CBS News, and PYMNTS.com
Tweets: @wsj, @buchelisabeth, @adam_k_levin, @amacker, @beardywheat, and @amacker
| Mitchell Clark / The Verge: |
Samsung launches its iFixit repair program, covering Galaxy S20, S21, and Tab S7+ devices; S22 flagships are not supported and the number of repairs are limited — But not its latest phones and tablets — Samsung and Fixit have launched their repair program that lets Galaxy S20, S21 …
More:
Samsung Newsroom, iFixit News, iFixit News, TechCrunch, Gizmodo, TechRadar, MobileSyrup, How-To Geek, PCMag, Engadget, XDA Developers, 9to5Google, and ZDNet
| Natasha Lomas / TechCrunch: |
A CJEU ruling in a Lithuanian case involving use of sensitive personal data could have implications for online platforms that use background tracking for ads — A ruling put out yesterday by the European Union's top court could have major implications for online platforms that use background tracking …
More:
Court of Justice of the EU. Tweets: @gabrielazanfir, @cbridge_chief, @paulbernaluk, @lukolejnik, @cbridge_chief, @gabrielazanfir, and @coolharsh55
Sponsor Posts
Google:
Gemini 2.5 Pro: Our most intelligent AI model — Gemini 2.5 Pro (experimental) is now available, with thinking capabilities, enhanced performance, and improved accuracy. Try it at no cost in the Gemini app.
Gemini 2.5 Pro: Our most intelligent AI model — Gemini 2.5 Pro (experimental) is now available, with thinking capabilities, enhanced performance, and improved accuracy. Try it at no cost in the Gemini app.
UiPath:
Introducing the UiPath Platform™ for agentic automation — UiPath's new platform empowers enterprises to experience the full power of AI to transform industries
Introducing the UiPath Platform™ for agentic automation — UiPath's new platform empowers enterprises to experience the full power of AI to transform industries
Zoho:
The power of asynchronous communication: Striking the right balance in the workplace — Asynchronous communication may have surged during the transition to remote work, but as the years passed and teams returned …
The power of asynchronous communication: Striking the right balance in the workplace — Asynchronous communication may have surged during the transition to remote work, but as the years passed and teams returned …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Invest Like the Best:
David Senra - The Focused Few
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Techmeme Ride Home:
Why Clone A Messaging App?
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
Grit:
HubSpot CEO on the Future of SaaS, AI, & Leading Through Change
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
Inside Devin: The world's first autonomous AI engineer that's set to write 50% of its company's code by end of year | Scott Wu (CEO and co-founder of Cognition)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Hard Fork:
The Dangers of A.I. Flattery + Kevin Meets the Orb + Group Chat Chat
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
The Logan Bartlett Show:
Ben Lamm (Founder & CEO, Colossal Biosciences) On The Breakthroughs Making De-Extinction Actually Possible
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show.
About This Page
This is a Techmeme archive page. It shows how the site appeared at 2:25 AM ET, August 3, 2022.
The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.
From Mediagazer
Scott Nover / Washington Post:Alex Weprin / The Hollywood Reporter:
Max Tani / Semafor:
Upcoming Tech Events
More News
| Emily Bary / MarketWatch: |
More:
Reuters, Paypal - Investor Relations, CNBC, Barron's Online, Benzinga, Bloomberg, and SiliconANGLE
Tweets: @epro and @fienixtaranova
Earlier Picks
| Paul Sawers / TechCrunch: |
Source:
SEC.gov. More:
PYMNTS.com, Adweek, Madelyn's Newsletter, Engadget, BGR India, and International Business Times
Tweets: @accountabletech, @jason_kint, and @jeffnolan