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February 11, 2023, 4:35 PM
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memeorandum
WeSmirchTop News
| Financial Times: |
Sources: Meta delayed finalizing multiple teams' budgets while preparing a fresh round of job cuts, slowing down projects even for the metaverse and advertising — Mark Zuckerberg's aim of wrestling costs in his ‘year of efficiency’ causes disruption at the social media company
More:
Forbes, Reuters, Engadget, Appuals.com, and Mashable
Tweets: @ingmire, @01core_ben, and @justpavankumar
| Bloomberg: |
Source: PayPal is pausing work on its stablecoin as regulators increase their scrutiny of cryptocurrencies and its key partner Paxos faces a probe in New York — PayPal Holdings Inc. is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner …
More:
CoinDesk, Reuters, Bitcoin News, Crypto Daily, Ethereum World News, Bitcoinist.com, Cryptopolitan, Watcher Guru, CryptoSlate, CNET, Fortune, The Information, The Block, Coinspeaker, Cointelegraph, Cryptonews, and Forkast
Tweets: @thinkingcrypto1, @arturo_p_a, @mdudas, and @mdudas
| Clare Duffy / CNN: |
Pathmatics estimates the monthly revenue from Twitter's top 1,000 advertisers fell 60%+ from around $127M in October 2022 to just over $48M by January 25, 2023 — New York CNN — — More than half of Twitter's top 1,000 advertisers in September were no longer spending on the platform …
More:
The Verge, Center for Countering …, Insider, and Mashable
Tweets: @ccdhate, @charles_gaba, @helenkennedy, @pnewman51, @scottjshapiro, @grady_booch, and @paulachertok
| Kevin McLaughlin / The Information: |
Source: Microsoft shut its Industrial Metaverse Core team, formed in October 2022 to build tools for industrial settings, and laid off the team's ~100 employees — In a surprising reversal, Microsoft has killed a team it formed four months ago to help customers use the metaverse in industrial settings …
More:
Blockworks, DCD, Cryptonews, Metaverse Post, BigTechWire, and CoinDesk
Tweets: @pradeepviswav and @e3waitfor2020
| Dina Bass / Bloomberg: |
Sources: Microsoft cuts jobs in its Surface, HoloLens, and Xbox units; heavy cuts to the HoloLens hardware team raise questions about the third goggles version — Microsoft Corp., implementing the layoff of 10,000 workers announced last month, on Thursday cut jobs in units including Surface devices … | Jonathan Greig / The Record: |
The City of Oakland confirms reports of a ransomware attack on its networks but says that 911, financial data, and fire and emergency resources weren't impacted — The City of Oakland confirmed reports that its networks had been hit with ransomware after rumors emerged online that several agencies …
More:
The San Joaquin Valley Sun, BleepingComputer, City of Oakland, Security Affairs, and Mercury News
Tweets: @liammcurley, @hyphy_republic, @brettcallow, and @therecord_media
| Charlotte Van Campenhout / Reuters: |
An advertising joint venture by Deutsche Telekom, Orange, Telefonica, and Vodafone to rival Meta and Google wins unconditional EU antitrust approval — Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA), Telefonica (TEF.MC) and Vodafone (VOD.L) on Friday secured unconditional EU antitrust approval …
More:
European Commission. Tweets: @astaniscia86, @wolfiechristl, @montezumachavez, and @robertjbateman
| John Herrman / New York Magazine: |
How Rumble, which claims to have 71M MAUs, became the only success story in right-wing social media by letting creators who are banned elsewhere monetize video — For a moment, the right's longtime dream of an alternative social media seemed within reach. Various companies had been trying …
Tweets: @ben_kew, @jwherrman, and @ggreenwald
| Benedict Evans: |
A 2023 overview of macro tech trends, focusing on the e-commerce slowdown, layoffs, Amazon, advertising, and generative AI opportunities beyond text and images — Presentations Every year, I produce a big presentation exploring macro and strategic trends in the tech industry. This year, ‘The New Gatekeepers’.
More:
The Atlantic, Observer, Tech Xplore, and Redmond Pie
Tweets: @marshallk, @perplexity_ai, @jonathankriner, @mirkolorenz, @marshallk, @tonicowanbrown, @benedictevans, and @cjpberry
| Andy Greenberg / Wired: |
A look at Sinbad.io, a Bitcoin mixer launched in October 2022 that appears to have become the preferred outlet for North Korean hackers to launder stolen crypto — The world's most prolific crypto thieves have used Sinbad.io to launder tens of millions. Its creator, “Mehdi,” answers WIRED's questions.
Tweets: @a_greenberg
| David Adeleke / Rest of World: |
Lagos-based Jumia, once hailed as the “Amazon of Africa”, has seen its stock drop 85%+ since its April 2019 IPO amid falling customer growth and mounting losses — Its stock has fallen 70% since its IPO as growth stalls and operating losses mount. — • ABUJA, NIGERIA
Tweets: @ulonnaya, @restofworld, @eajene, and @naijaflyingdr
| Michael Kan / PCMag: |
Mercury Research: x86 CPU shipments from Intel, AMD, and others fell 34% YoY and 19% QoQ in Q4, the biggest drops in 30 years; 374M units were shipped in 2022 — Low demand and excess inventory cause a huge decline in x86 CPU shipments for Q4, according to Mercury Research.Sponsor Posts
Meta:
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.
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.
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.
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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