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January 20, 2023, 9:00 AM
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memeorandum
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| Bloomberg: |
Memo: Alphabet plans to cut around 12,000 jobs, more than 6% of its global workforce; Sundar Pichai says he takes “full responsibility” for the need to cut jobs — Google parent Alphabet Inc. said it will cut about 12,000 jobs, more than 6% of its global workforce …
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Mastodon: @awgonnerman@social.tchncs.de. Tweets: @aparanjape, @thee_chadd, @chrisstigall, @mattyglesias, @nixcraft, @ulonnaya, @thetranscript_, @iatalkspace, @mrmbrown, @srussolillo, @schuldensuehner, @rustybrick, @katebevan, and @lhm1
| Kevin Simauchi / Bloomberg: |
Crypto lender Genesis Global Capital files for Chapter 11 bankruptcy in New York, listing the estimated range for both assets and liabilities between $1B-$10B — Cryptocurrency lender Genesis Global Capital filed for bankruptcy, the latest firm to collapse in the aftermath of FTX's swift downfall.
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| Karissa Bell / Engadget: |
Twitter quietly updates its developer agreement with a clause banning third-party clients, after claiming the company was “enforcing long-standing API rules” — In case there was any doubt about Twitter's intentions in cutting off the developers of third-party apps …
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The Breakroom, Twitter, Inc., The Verge, 9to5Google, Forbes, Silicon Republic, BetaNews, Pocket-lint, TechCrunch, Android Police, Phandroid, SamMobile, iMore, Wccftech, Digital Trends, Neowin, XDA Developers, and SlashGear
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| Anna Nicolaou / Financial Times: |
Netflix co-founder Reed Hastings steps down as co-CEO but plans to stay on as executive chair; the company promotes COO Greg Peters to co-CEO with Ted Sarandos — Streaming company names new leadership as it looks to reset after ‘tough year’ in 2022 — Reed Hastings is stepping …
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| Sarah Whitten / CNBC: |
Netflix reports Q4 revenue up 1.9% YoY to $7.85B, $55M net income, down from $607M YoY, 231M paid memberships, adding 7.66M subscribers vs. 4.57M expected — - Netflix added 7.66 million paid subscribers during the fourth quarter, more than the 4.57 million Wall Street expected.
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| Emma Roth / The Verge: |
| Catherine Larkin / Bloomberg: |
SEC filing: T-Mobile says a hacker stole the data of ~37M customers, including names, addresses, and phone numbers, but not passwords, SSNs, or credit cards — T-Mobile US Inc. said a hacker obtained data for 37 million customer accounts, though it didn't include payment card information or personal identifying numbers.
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Tweets: @lorenzofb, @cbsmiami, @om, @j0hnnyxm4s, @stevekopack, @eliblumenthal, @bleepincomputer, @blaw, @zseano, @robpegoraro, @racheltobac, and @eliblumenthal
| Bloomberg: |
Sources: Nintendo plans to increase production of its six-year-old Switch console in the coming fiscal year, starting in April 2023, as demand remains strong — Nintendo Co. plans to increase production of its six-year-old Switch console in the coming fiscal year after shipping roughly 21 …
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GamesIndustry.biz, GameSpot, iPhone in Canada Blog, GamingBolt, IGN, Video Games Chronicle, Wccftech, Gameranx, Game Rant, Press Start, Appuals.com, and Gamereactor UK
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| The Block: |
Crypto lender Nexo agrees to pay $45M in penalties to settle SEC and US state charges for failing to register the offer and sale of its Earn Interest Product — - The SEC charged Nexo for failing to register the offer and sale of its crypto asset lending product, called the Earn Interest Product.
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U.S. Securities …, Nexo.io Blog, Blockworks, Cointelegraph, Finextra, CoinGeek, Bloomberg, Bitcoin News, CryptoPotato, crypto.news, CoinGape, and CryptoSlate
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| Nico Grant / New York Times: |
Sources: Google executives met with Larry Page and Sergey Brin last month to discuss Google's AI efforts, as the company seeks to combat OpenAI's ChatGPT — A rival chatbot has shaken Google out of its routine, with the founders who left three years ago re-engaging and more than 20 A.I. projects in the works.| Dean Takahashi / VentureBeat: |
A survey of 2,300+ game developers: 45% don't buy the promise of the metaverse, 53% support unionization, 91% say harassment by players is an issue, and more — Game developers are more skeptical of metaverse and blockchain projects, according to a new survey by the Game Developers Conference.
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Axios, Washington Post, Business Wire, TrueAchievements, TechCircle, GamesHub, and MobileSyrup
Tweets: @vgc_news, @danieljkelley, @goldenboyftw, @stephentotilo, and @gamedevdotcom
| Jagmeet Singh / TechCrunch: |
India releases rules on social media influencers and virtual avatars promoting content without disclosing payment, adding an up to ~$12.3K fine for violations — As the market of social media influencers is getting bigger in India, the South Asian nation has introduced endorsement guidelines …
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YouTube, The Economic Times, The Guardian, MediaNama, Inc42 Media, Hindustan Times, Moneycontrol, India Today, and LatestLY
Tweets: @3011_ajit and @sentientsixp
| Bill Toulas / BleepingComputer: |
PayPal says hackers accessed the sensitive data of ~35K users, including addresses and social security numbers, in a December 2022 credential stuffing attack — PayPal is sending out data breach notifications to thousands of users who had their accounts accessed through credential stuffing attacks that exposed some personal data.
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BetaNews, Finextra, TechRadar, The Register, TechSpot, SecurityWeek, Laptop Mag, gHacks Technology News, Infosecurity, SiliconANGLE, and Dark Reading. Tweets: @marshacollier
| Bloomberg: |
The Chinese government grants Didi permission to republish its apps on Apple's, Huawei's, Xiaomi's, and other app stores, after over a year of regulatory limbo — Didi Global Inc.'s main apps have returned to the country's biggest mobile stores, allowing the ride-hailing giant to resume growth …
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Reuters and South China Morning Post
| Wall Street Journal: |
The FAA says a contractor unintentionally deleted files used in a pilot-alert system while trying to sync a database and its backup, causing last week's outage — The federal air-safety regulator said no evidence of cyberattack or malicious intent was found| Billboard: |
Amazon plans to hike Music Unlimited's monthly prices by $1 and £1 to $10.99 and £10.99 in the US and UK on February 21, matching Apple Music's October increase — Prices will rise to $10.99/10.99 pounds per month for individual plans and $5.99/5.99 pounds per month for students.Sponsor Posts
Meta:
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Open Source AI: Available to all, not just the few — Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Tribe AI:
Build AI products that matter — Tribe AI helps organizations rapidly deploy AI solutions that have real business impact. We bring together world class AI talent and tooling to drive differentiated results.
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Zoho:
5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …
5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …
Hamming:
Make AI Voice Agents trustworthy — Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Make AI Voice Agents trustworthy — Hamming AI automatically tests AI voice agents and continuously monitors them in production.Who's Hiring In Tech?
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