Techmeme
August 19, 2022, 9:30 AM

Top News

James Vincent / The Verge:
Sources: Crypto.com has quietly let go of hundreds more employees since announcing it was laying off around 260 employees, or 5% of its workforce, in June  —  As the market slumps, Crypto.com is trying to hide the pain  —  In June, cryptocurrency exchange Crypto.com announced …
Meghan Bobrowsky / Wall Street Journal:
Sources: Evan Spiegel told staff that Snap is stopping future development of its Pixy flying selfie camera as part of a broader reprioritization of resources  —  Move comes after company reported disappointing earnings and less than four months after the drone was launched
Todd Spangler / Variety:
Nielsen: in July, streaming topped both cable and broadcast for the first time in the US, with a 34.8% share; Netflix had an 8% share, and YouTube had 7.3%  —  Americans now watch more stuff on TV from streaming services than either broadcast or cable TV.  —  Streaming platforms …
Richard Nieva / Forbes:
Report: TikTok's in-app browser injects JavaScript that can track users' keystrokes and taps into websites; TikTok confirms the code but says it's for debugging  —  When TikTok users enter a website through a link on the app, TikTok inserts code that can monitor much of their activity …
Aisha Malik / TechCrunch:
TikTok introduces “Shopping Ads”, letting brands place shoppable videos on the For You page, promote catalog listings, and direct users to live shopping events  —  TikTok announced today that it's launching a new commerce ad suite called “Shopping Ads” to make it easier for brands to advertise on the platform.
Jess Weatherbed / The Verge:
Google plans to prioritize “content made specifically by and for people” in Search in English globally, covering shopping, tech-related content, and more  —  The first update starts rolling out on Monday  —  Google is making a series of updates to Search that aim to tackle clickbait …
Jessica Lyons Hardcastle / The Register:
Google Cloud blocked a 46M requests-per-second DDoS attack on June 1, the largest ever and around 76% bigger than the attack Cloudflare thwarted in June  —  46 million requests per second network flood comes as attacks increase by more than 200% compared to last year
Josh Horwitz / Reuters:
Xiaomi misses with Q2 revenue of $10.31B, down 20% YoY, and net income of $305M, down 67%; smartphone sales, which generate 50%+ of its revenue, were down 29%  —  China's Xiaomi Corp (1810.HK) posted a steep drop in second quarter revenue on Friday as the world's biggest smartphone market shrank, hit by strict COVID restrictions.
More: Bloomberg
Olga Kharif / Bloomberg:
Ethereum's core developers have set September 15 as the tentative date for the long-awaited proof-of-stake Merge upgrade  —  The core developers working on the much-anticipated software upgrade of the Ethereum blockchain firmed up Sept. 15 as the likely official date of the so-called Merge.
More: WiredTweets: @olgakharif, @crypto, @crypto, @crypto, @crypto, and @crypto

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.
UiPath:
Introducing the UiPath Platform™ for agentic automation  —  UiPath's new platform empowers enterprises to experience the full power of AI to transform industries
Zoho:
Automate recurring activities with Zoho One's RPA addition  —  Robotic Process Automation (RPA) automates manual and routine tasks for businesses by using digital robots that replicate human behaviour.
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.

Featured Podcasts

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.
Techmeme Ride Home:
Omnibus Week Of 04/28
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
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:
EP 141 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.
Great Chat:
What's the deal with Deel?
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
Uncapped with Jack Altman:
Josh Kopelman from First Round Capital
Conversations with people I admire about things I'm genuinely interested in.
Subscribe to Uncapped with Jack Altman.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:30 AM ET, August 19, 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.

More News

Ben Cohen / Wall Street Journal:
Sisi Jiang / Kotaku:

Earlier Picks

Tom Warren / The Verge:
Yogita Khatri / The Block:
Anna Gross / Financial Times:
Paul Tassi / Forbes: