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September 15, 2022, 3:00 PM
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memeorandum
WeSmirchTop News
| Bloomberg: |
Adobe plans to acquire UI design and prototyping tool Figma for ~$20B, half cash and half stock; CEO Dylan Field will continue to lead Figma; ADBE drops 15%+ — Adobe Inc. agreed to buy software design startup Figma Inc. in a deal valued at about $20 billion in a bid to expand its suite of creative tools for professionals.
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Figma, Adobe Press Releases, Wall Street Journal, The Verge, TechCrunch, Financial Times, SiliconANGLE, PCMag, PYMNTS.com, The Information, CNBC, TechCrunch, Reuters, Bloomberg, Greylock, Daring Fireball, Forbes, DEVCLASS, PetaPixel, Slashdot, Pixel Envy, WRAL TechWire, Neowin, MobileSyrup, Thurrott, MSPoweruser, Axios, Patently Apple, Index Ventures, AppleInsider, and Livemint
Tweets: @zoink, @rolfewinkler, @litcapital, @joshm, @tomwarren, @tanayj, @gergelyorosz, @adobe, @ericajoy, @katie_roof, @greylockvc, @cynthialive, @sbisson, @kenneynl, @leyeconnect, @jaminball, @notdetails, @gk3, @tomwarren, @levie, @mrdoob, @stammy, @cartunenetwerk, @balajis, @rubenharris, @rga, @juanbuis, @kwharrison13, @hyumankind, @gergelyorosz, @nikitabier, @jevon, @gergelyorosz, @ricmac, @mrdoob, @mamoonha, @uxwendy, @leeloowrites, @katie_roof, @alurdesign, @semil, @om, @om, @mamoonha, @hunterwalk, @reichenstein, @reichenstein, @reichenstein, @siderro, @mdudas, @noupside, @sarthakgh, @ncresq, @benedictevans, @reichenstein, @zoink, @ampressman, @jowyang, @scottbelsky, @joshuatopolsky, @mordorinc, @charliprangley, @kenwattana, @ulonnaya, @villi, @chrismessina, @techau, @wongmjane, @arainert, @gavinsbaker, @gavinsbaker, @ashleymayer, @vijayt1609, @sindresorhus, @mayazi, @seldo, and @alex
| Taylor Hatmaker / TechCrunch: |
In a US Senate committee hearing, Meta, YouTube, TikTok, and Twitter executives defended their platforms and dodged security, privacy, and moderation questions — Executives from four of the biggest social media companies testified before the Senate Homeland Security Committee Wednesday …
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US SCHSGA, Slate, South China Morning Post, New York Times, YouTube, Bloomberg, Tubefilter, CyberScoop, The Daily Dot, and Protocol
| Casey Newton / Platformer: |
TikTok and ByteDance's links to China mean wrongdoing will be punished more harshly in the US than Meta and Twitter, no matter how “transparent” the company is — In new testimony to Congress, the company faces stern questions on China — Ever since TikTok became …
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CNN, Wall Street Journal, Forbes, Protocol, and Gizmodo
Tweets: @therealjoshye, @brendancarrfcc, @tonicowanbrown, @gergelyorosz, @adam_k_levin, @adamkovac, @hilaryr, and @marielamensch84
| Amanda Silberling / TechCrunch: |
TikTok rolls out Now, a BeReal-like feature, to its app in the US, with daily prompts to capture a 10-second video or a photo using both front and back cameras — TikTok launched a new feature today that is basically just a copy of BeReal, the buzzy French social app that's been steadily gaining popularity.
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TikTok, Gizmodo, CNN, Bloomberg, Insider, Engadget, Digital Trends, Adweek, The Verge, 9to5Mac, KnowTechie, Memeburn, and PetaPixel
Tweets: @taylorlorenz, @tiktokcomms, @cityofthetown, @mattnavarra, @biblegirl222, @carnage4life, and @asilbwrites
| Victoria Song / The Verge: |
Apple Watch Series 8 review: watchOS 9 is excellent, crash detection and temperature sensors are neat, but is not much of an upgrade and needs daily charging — ... don't upgrade … The concept, made famous by Toyota, means continuous improvement.
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CNET, TechCrunch, TheStreet, Engadget, Wall Street Journal, 9to5Mac, iThinkDifferent, YouTube, Engadget, Cult of Mac, Gizmodo Australia, CNBC, AppleInsider, MobileSyrup, MacRumors, Pocket-lint, and iClarified
Tweets: @reckless, @lisaeadicicco, @nicnguyen, @vicmsong, @alicedkc, @jetscott, @nicnguyen, and @nicnguyen
| Mike Truppa / The Block: |
Ethereum activates its long-awaited Merge upgrade, in development since 2020, and transactions are now being processed under proof of stake — - The Merge upgrade is transitioning Ethereum from proof of work to proof of stake. — The Merge is one of the largest technological events in the industry to date.
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CoinDesk, New York Times, Blockworks, MIT Technology Review, Decrypt, Fortune, CoinDesk, CNN, Ars Technica, The New Stack, CNET, TechCrunch, Bloomberg, Engadget, CoinDesk, Bloomberg, Windows Central, Financial Times, Financial Times, Cointelegraph, The Block, Gizmodo, Crypto Daily, and The Block
Tweets: @koeppelmann, @cirrusnft, @vitalikbuterin, @beeple, @cz_binance, @vanityblocks, @vitalikbuterin, @petermccormack, @digieconomist, @el33th4xor, @cobie, @yugalabs, @0xtransition, @preston_vanloon, @hasufl, @saylor, @robustus, @hasufl, @cryptohayes, @ercwl, @lopp, @robustus, @hosseeb, @balajis, @trustlessstate, @kaiynne, @ryansadams, @trustlessstate, @matthuang, @olimpiocrypto, @ryansadams, @lhm1, @evanluthra, @jomaoppa, @kanavkariya, @coinmamba, @ljxie, @rauljordaneth, @tobi, @crypto, @alex, @ayamiyagotchi, @ercwl, @davidgerard, @0xhustler, @econoar, @dimahledba, @altcoinpsycho, @punk6529, @viktorbunin, @cennydd, @ryansadams, @buchmanster, @fintechfrank, @dappradar, @punk6529, @ethereumjesus, @0xfoobar, @dystopiabreaker, @darrenlautf, @digitalassetbuy, and @nekoztek
| Financial Times: |
Sources: alongside the UK's CMA, the EU is expected to open an in-depth probe into Microsoft's $75B Activision bid due to its size and concerns from rivals — Regulators in Brussels expected to follow CMA with plans for prolonged competition investigation — Microsoft's $75bn acquisition …
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GamesIndustry.biz, Eurogamer.net, Fortune, Game Developer, HotHardware, CNN, IGN, OnMSFT.com, Dot Esports, GameSpot, TechCrunch, Pure Xbox, Video Games Chronicle, Bloomberg, TechSpot, ExchangeWire.com, TrueAchievements, and Wall Street Journal
Tweets: @riptari and @tomwarren
| Mariella Moon / Engadget: |
Snap makes Snapchat for Web available to all users globally, including chat, photos, and audio and video calls, releases iOS 16 lock screen widgets, and more — Snapchat's messaging and video chat features first made their way to browsers back in July, but only in select markets and for Snapchat+ subscribers.
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Snap Newsroom, TechCrunch, MacRumors, TechCrunch, XDA Developers, Android Central, The Verge, 9to5Mac, and PetaPixel
Tweets: @samifathi_, @mattnavarra, @mattnavarra, and @tacolamp
| Kyle Wiggers / TechCrunch: |
Amazon will roll out Customers Ask Alexa, which lets brands answer some common customer questions and provide links to their storefronts, starting in late 2022 — Amazon wants Alexa owners to buy more things. That's the clear impetus behind the new Alexa feature announced today …
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About Amazon, CNN, TechHive, and Android Headlines
| Heather Somerville / Wall Street Journal: |
Research: Chinese investment in US VC funds hit ~$880M in 2022, the second-highest level in 12+ years; China-linked groups invested $4B+ into US VCs since 2010 — New report shows 2022 on pace to be one of the strongest years for investment despite tensions between the two countries
Tweets: @amyzegart and @hraleighspeaks
| Charles Hutzler / Wall Street Journal: |
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The Hill, South China Morning Post, Associated Press, The White House, Reuters, New York Times, and Nikkei Asia. Tweets: @ericnewcomer
| Adi Robertson / The Verge: |
Meta's Oversight Board says the company should be more careful with automated moderation and criticizes it for removing a cartoon of police violence in Colombia — Meta's Oversight Board says the company should be more careful with automated moderation tools, criticizing it for removing a cartoon depicting police violence in Colombia.| Sarah Perez / TechCrunch: |
Google cancels seven out of 14 projects in its Area 120 incubator, including Qaya, which offered storefronts for creators, and shifts to only AI-first projects — Google CEO Sundar Pichai, speaking at the Code Conference last week, suggested the tech company needed to become 20% more efficient … | Natasha Lomas / TechCrunch: |
EU lawmakers propose the Cyber Resilience Act, a set of cybersecurity rules for IoT and smart device makers to provide ongoing support and patches or face fines — European Union lawmakers have proposed a new set of product rules to apply to smart devices that's intended to compel makers … | CNBC: |
Research details Amazon's shrinking US warehouse footprint following its pandemic expansion: 21 facilities closed, 21 canceled, and 27 delayed or on hold — - Amazon is closing, canceling or delaying warehouses across the U.S. after its pandemic expansion left it with too much space.
Tweets: @mattrosoff
| Wall Street Journal: |
Memo: Netflix told ad buyers the company expects its ad-supported tier to reach 4.4M unique viewers globally in 2022, and ~40M by Q3 2023, with 13.3M in the US — Streaming giant shared projections for ‘unique viewers’ across a dozen launch markets with ad buyers| Melissa Repko / CNBC: |
Walmart launches a virtual try-on tool to let shoppers see how a shirt, dress, or another clothing item would look on their own bodies without visiting a store — - Walmart is launching a virtual try-on tool to help shoppers see how a shirt, dress or another clothing item would look on their own body.| Hannah Lang / Reuters: |
The US Consumer Financial Protection Bureau plans to start regulating BNPL companies, such as Klarna and Affirm, and issue guidance or a rule to align standards — The U.S. Consumer Financial Protection Bureau (CFPB) plans to start regulating “buy-now, pay-later” (BNPL) …
More:
Payments Dive, Consumer Financial …, and Bloomberg
| Stephanie Murray / The Block: |
Coinbase updates its app to let US users see a scorecard that evaluates members of Congress on crypto policy issues, register to vote, and find political events — - Coinbase is getting political: The exchange added new app features to help users evaluate lawmakers, register to vote and find political events.
More:
Gizmodo, Decrypt, CoinDesk, Protos, Web3 is going just great, Crypto Daily, and Coinspeaker
Tweets: @brian_armstrong, @katieharbath, @danielmunro, @ideafaktory, @etbrooking, @quinnypig, @sandeepnailwal, @yoda, @joshuasteinman, @om, and @novogratz
| Ben Schoon / 9to5Google: |
Some YouTube viewers say ads on the platform have been expanding greatly in length and quantity recently, with reports of five to 10 unskippable ads per break — The experience of watching YouTube has been infiltrated by ads over the years as a means of maintaining the platform and supporting creators financially.
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India Today and Livemint
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