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August 31, 2022, 3:10 PM
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| Alex Heath / The Verge: |
Memo: on top of cutting ~20% of its staff, Snap cancels its original shows, in-app games, and Zenly and Voisey apps; the layoffs could save $500M annually — Snapchat's original shows, in-app games, and camera drone are no more — Snap is laying off around 20 percent of its more than 6,400 employees …
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Snap Newsroom, The Register, New York Times, Billboard, Thurrott, Associated Press, The Hill, CNN, The Information, TechSpot, Tubefilter, TechCrunch, CNBC, Fortune, Wall Street Journal, Deadline, Bloomberg, Axios, The Hollywood Reporter, Gizmodo, and Insider
Tweets: @sarafischer, @gergelyorosz, @alexeheath, @tuviae, @sarafischer, @kyurieff, @kyurieff, @alexeheath, @rachelracusen, and @sarthakgh
| Alex Heath / The Verge: |
Sources: Snap plans to start laying off ~20% of its 6,400+ employees on August 31, 2022, including cuts to its hardware group; Snap stock is down ~80% in 2022 — Snap's stock price has declined nearly 80 percent this year — Snap is planning to lay off approximately 20 percent … | Alex Heath / The Verge: |
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Reuters, Engadget, 9to5Mac, The Economic Times, ExchangeWire.com, Axios, The Hollywood Reporter, Deadline, Reuters, Next TV, Variety, and Wall Street Journal
Tweets: @pt, @epro, @deancollins, @tim_bays, @alexeheath, and @carnage4life
| Nelson Wang / CoinDesk: |
Washington, DC sues Michael Saylor for tax fraud and his company MicroStrategy “for conspiring to help him evade taxes” “on hundreds of millions of dollars” — The attorney general's office is also suing the business software company for allegedly helping him evade taxes on his earnings in the district.
More:
Finbold and Crypto Briefing
Tweets: @agkarlracine, @agkarlracine, @agkarlracine, @coindesk, and @agkarlracine
| Joseph Cox / VICE: |
After an outcry over having transphobic forum Kiwi Farms as a client, Cloudflare says denying security services due to “despicable” content is the wrong policy — The company has faced mounting pressure to stop providing security services to Kiwi Farms, whose users regularly dox and stalk trans people.
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The Cloudflare Blog, Bloomberg, and Protocol
Tweets: @cloudflare, @keffals, @melissagira, @embryethan, @josephfcox, @transscribe, @esqueer_, @josephfcox, @ncweaver, @bitandbang, @agoingaccount, @hpana, @esqueer_, @lizthegrey, @lizthegrey, @josephfcox, @josephfcox, @chemicalcrux, @aliceicecile, @adequateemily, @lazerwalker, @josephfcox, @gossithedog, @ariadneconill, @yoshuawuyts, @ra6bit, @pikhq, @shortformernie, @tomkrazit, @cmg, and @xml
| Mat Di Salvo / Decrypt: |
Crypto.com sues an Australian woman after erroneously sending her AU$10.5M in May 2021 instead of a AU$100 refund; the woman reportedly bought a AU$1.35M house — A woman asked for a $100 refund from the crypto platform but instead received $10.5 million—and then went on a spending spree, according to reports.
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The Guardian, The Register, The Verge, 7NEWS, Ars Technica, TICKER NEWS, PCMag, Insider, Engadget, Gizmodo, Cointelegraph, Fortune, Coinspeaker, CryptoPotato, Web3 Is Going Just Great, crypto.news, Bitcoinist.com, and Input
Tweets: @joshgnosis, @bgurley, @rjcc, @alexhern, @alexhern, @quinnypig, @kantrowitz, @abstractcode, @geek_news, @yo, @paul_karp, @shwinyo, @chrisfralic, @riptari, @mikeelgan, @caseynewton, @carnage4life, @alexhern, @jamespmcleod, and @pt
| Corin Faife / The Verge: |
Microsoft reveals a now-patched “high severity vulnerability” in TikTok for Android that could let attackers take over accounts that clicked on a malicious link — Hackers could have used the exploit to post videos, send messages, and edit account details
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Microsoft Security Blog, Engadget, BleepingComputer, Thurrott, XDA Developers, Neowin, and Dark Reading. Tweets: @msftsecintel
| ProPublica: |
An investigation details an Instagram verification scheme using fake profiles on Spotify, Apple Music, Deezer, and more; Meta removes badges from 300+ accounts — ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they're published.| Jesse Hamilton / CoinDesk: |
a16z releases free “Can't Be Evil” licenses for NFTs, inspired by Creative Commons, on GitHub; NFT licensing has been attempted before, including by Dapper Labs — Andreessen Horowitz's crypto arm is releasing a free licensing system, aiming to help the NFT sector fulfil its “economic potential.”
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a16z crypto, Blockworks, The Block, and Cryptonews
Tweets: @milesjennings, @chrisamccoy, @felixsalmon, @rhhackett, @milesjennings, @betterlawmla, and @royprice
| Bloomberg: |
Apple VP of Corporate Development Adrian Perica resigned from Didi's board, which he joined in 2016 after Apple's $1B investment in the ride-hailing company — An Apple Inc. executive has left the board of Didi Global Inc., as the Chinese ride-hailing company struggles to regain ground …
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DiDi Global, MacRumors, 9to5Mac, iPhone in Canada Blog, MacDailyNews, The Mac Observer, Philip Elmer‑DeWitt, Apple Must, AppleInsider, and Patently Apple
Tweets: @markgurman, @pelstrom, and @sarthakgh
| Kyle Bradshaw / 9to5Google: |
Q&A with Chris McKillop, the former director of engineering for Google's Fuchsia project, on the past, present, and future of the OS, Nexus Q failures, and more — The former director of engineering for Google's Fuchsia project, Chris McKillop, has shared with us some insights …
Tweets: @technacity
| Monica Chin / The Verge: |
Asus Zenbook 17 Fold review: foldable OLED display with a comfortable keyboard and professional look, but $3,500 is expensive and the software has glitches — It's a 17-inch foldable that actually works — Ever since Samsung Display showed off a 17-inch foldable OLED screen last May …
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XDA Developers, Wired, Thurrott, ASUS, Engadget, Windows Central, OnMSFT.com, GSMArena.com, Liliputing, BigTechWire, 9to5Mac, XDA Developers, Laptop Mag, Tom's Guide, Digital Trends, TechPowerUp, Pocket-lint, Trusted Reviews, Tom's Hardware, Windows Experience Blog, Notebookcheck.net, Android Authority, and Tech Advisor
Tweets: @mcsquared96, @danackerman, @danackerman, and @pierce
| Christine Hall / TechCrunch: |
Solid, which offers APIs for banking, payments, cards, and crypto features, raised a $63M Series B led by FTV Capital, bringing its total funding to $80.7M — Solid, which rebranded from Wise in 2021, raised a $63 million Series B round of funding to continue providing its fintech … | Naomi Nix / Washington Post: |
Researchers: self-harm posts are surging on Twitter, including graphic photos with bloody practices; one hashtag grew to close to 30,000 tweets by July 2022 — Self-harm related hashtags have increased roughly 500 percent since October, a new report says — A Twitter user in apparent distress turned …
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SiliconANGLE, The Hill, Network Contagion Research Institute, and Ars Technica
Tweets: @alexwgoldenberg, @ncri_io, @malbertnews, @psychrabble, @ncri_io, and @ncri_io
| Bloomberg: |
China's punishing tech crackdown undercut the industry's role as the largest and most sought-after employer, leading to high college graduate unemployment rates — When Xi Jinping tightened the screws on China's technology industry last year, he escalated a jobs crisis for the youngest …
Tweets: @tommackenzietv, @angelazhanghk, and @nerysinchina
| Ivan Mehta / TechCrunch: |
Live Nation's Ticketmaster partners with Dapper Labs to issue ticket NFTs on the Flow blockchain and expands its NFL deal to give NFTs to attendees of 100 games — Ticketmaster will now let event organizers issue NFTs (non-fungible tokens) tied to tickets on Flow, a blockchain operated by a16z-backed Dapper Labs.| Josephine Wolff / Wired: |
Cyber insurers are failing to reduce companies' cyber risk exposure and to cover breached firms' costs after state-sponsored cyberattacks that fall short of war — Cyberinsurance doesn't cover acts of war. But even as cyberattacks mount, the definition of “warlike” actions remains blurry.
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Slate and Financial Times
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