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March 7, 2023, 7:25 AM
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Source: Twitter broke on Monday after the only site reliability engineer assigned to the project for migrating to a paid API made a “bad configuration change” — The high cost of cutting expenses — Twitter's website is breaking in novel new ways — and while the company managed …
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Sources: Meta plans to cut thousands of jobs as soon as this week after eliminating 13% of its staff, or 11,000 jobs, in November 2022 in its first major layoff — Meta Platforms Inc., the owner of Facebook and Instagram, is planning a fresh round of layoffs and will cut thousands of employees …
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| The Block: |
FTX files a lawsuit against Grayscale, CEO Michael Sonnenshein, DCG, and Barry Silbert, citing $1.3B+ in “exorbitant management fees” and seeking $550M+ shares — - FTX' debtors are suing Grayscale Investment, its owners and its CEO over their handling of the Grayscale Bitcoin … | Kirsten Korosec / TechCrunch: |
Autonomous trucking company Embark lays off about 70% of its employees and says remaining staff will focus on winding down day-to-day operations — Embark Trucks, the autonomous trucking company that went public in 2021 via a merger with a special purpose acquisition company … | Brody Ford / Bloomberg: |
Atlassian plans to cut 500 jobs, or ~5% of its workforce; a filing says the company will incur about $70M to $75M in restructuring costs through the end of June — Atlassian Corp. will cut about 5% of its workforce, or 500 full-time employees, becoming the latest software company to eliminate jobs.| Jennifer Elias / CNBC: |
At an all-hands last week, Sundar Pichai defended Google Cloud's new desk-sharing policy; an exec says ~35% of staff are in the office at least four days a week — - Google CEO Sundar Pichai addressed employee criticism of the cloud unit's new desk-sharing policy at an all-hands meeting last week.| New York Times: |
After Instagram added a prompt to cross-post on Facebook, sources say at Meta's request, some young adults express surprise that their posts are on Facebook — Teenagers and young adults are flummoxed. The reason it keeps happening involves an online prompt and product design.
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Pixel Envy and Insider Intelligence
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| Harshit Rastogi / Counterpoint Research: |
Analysis: in 2022, Apple had eight of the top 10 best-selling smartphones, led by the iPhone 13 and 13 Pro Max; Samsung's Galaxy A13 was 4th and A03 came 10th — - Apple captured eight spots in the list of top 10 best-selling smartphones for 2022. — The remaining two spots were taken by Samsung's Galaxy A13 and A03 models.| George Hammond / Financial Times: |
Many VCs question whether generative AI startups, currently attracting huge valuations, will make enough money, fearing a repeat of the crypto investment hype — Silicon Valley VCs fearing a repeat of falling crypto values warn against pouring cash into hype-fuelled start-ups| Bloomberg: |
Investor document: Stripe seeks to raise ~$2.3B to cover Q1 tax withholdings and plans to withhold an additional $500M in 2022 and $700M in 2023 — Stripe Inc., one of the world's most valuable startups, told investors it plans to use money it receives in its latest round of fundraising to help cover a roughly $3.5 billion tax bill.| Tom Warren / The Verge: |
Microsoft makes Outlook for Mac free to use, no longer requiring an Office license or a Microsoft 365 subscription — Microsoft is making Outlook for Mac free to use today. … It's a surprise move that coincides with Microsoft's push to make its Windows desktop Outlook email client more web-powered.
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| Dan Goodin / Ars Technica: |
A January 2022 patch fixed flaws used by Windows UEFI bootkit BlackLotus, but PCs are at risk as Microsoft hasn't put vulnerable binaries on a revocation list — BlackLotus represents a major milestone in the continuing evolution of UEFI bootkits. — Researchers on Wednesday announced … Sponsor Posts
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