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October 16, 2023, 5:25 PM
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Top News

Wall Street Journal:
Sources detail Netflix's deepening gaming push: expanding to games for TVs and PCs, licensing third-party games like GTA, and more mobile games about its shows  —  Streamer to put greater emphasis on developing games based on its popular programming, including ‘Squid Game,’ ‘Wednesday,’ ‘Black Mirror’
Jordan Novet / CNBC:
LinkedIn plans to lay off 668 staff, mostly from its engineering team, after cutting 716 jobs in May 2023; a source says LinkedIn is ramping up hiring in India  —  - LinkedIn is cutting almost 700 employees as revenue growth has slowed over the past two years.
Dan Goodin / Ars Technica:
Cisco says a zero-day flaw affecting its IOS XE software has been exploited in the wild since at least September 18; Shodan shows ~80K devices may be vulnerable  —  An unknown threat actor is exploiting the vulnerability to create admin accounts.  —  Cisco is urging customers to protect …
Wes Davis / The Verge:
Stack Overflow lays off 100+ people, or 28% of its workforce, to “significantly” reduce its “go-to-market organization”, after doubling its size to 500+ in 2022  —  Coding help forum Stack Overflow is laying off 28 percent of its staff as it struggles toward profitability.
Ash Parrish / The Verge:
Mojang announces 300M+ copies of Minecraft sold in ~15 years; Rockstar's GTA V is the second best-selling game ever after reportedly selling ~185M in ~10 years  —  Today, it adds more down to that particular feather in its cap with the announcement that it has sold a staggering 300 million copies.
Tom Warren / The Verge:
Intel plans to launch its 14th Gen desktop CPUs on October 17, offering up to 6GHz for its flagship $589 Core i9-14900K and increased core count on the $409 i7  —  Intel is launching its 14th Gen desktop processors this week, promising boost frequencies of 6GHz out of the box for its flagship Core i9-14900K.
AnnaMaria Andriotis / Wall Street Journal:
Sources: Goldman wants to exit consumer lending and offload its Apple deal, possibly to Amex, which has taken issue with the Apple Card's loss rates and more  —  The bank, which reports third-quarter earnings Tuesday, is fighting profit declines and flagging stock
Emily Nicolle / Bloomberg:
Binance halts user signups in the UK, after the FCA restricted a local partner's ability to approve communications for crypto companies with customers  —  - UK's financial promotions regime was widened to include crypto  — Exchange plans to hire a new approver for its communications
Bloomberg:
Analysts: the iPhone 15 is selling worse in China than the iPhone 14; Counterpoint estimates 4.5% lower sales in 17 days and Jefferies says Huawei outsold Apple  —  - IPhone 15 selling worse in China than its predecessor in 2022  — Sales of Apple's flagship device are down 4.5% in comparison
Victoria Kennedy / Eurogamer.net:
Bethesda Head of Publishing Pete Hines plans to leave after 24 years, just weeks after the release of Starfield, to begin an “exciting new chapter”  —  To begin “exciting new chapter”.  —  Bethesda exec Pete Hines has announced his retirement after 24 years at the company, just weeks after Starfield's launch.
Karen Freifeld / Reuters:
Sources: the US plans rules to block selling some AI chips to China that fall just under the current technical parameters, mandate shipment reporting, and more  —  The U.S. will take steps to prevent American chipmakers from selling semiconductors to China that circumvent government restrictions …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 5:25 PM ET, October 16, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Charlotte Tobitt / Press Gazette:
Similarweb: total desktop social referral traffic from Facebook grew 75% YoY for 68 top English-language news sites due to algorithm changes in January 2025

Reuters:
MoffettNathanson: a US recession may result in $45B in lost ad spend in 2025 and ad budgets shifting from traditional TV to alternatives like streaming services

Devin Leonard / Bloomberg:
A profile of Hipgnosis founder Merck Mercuriadis, who stepped down in July 2024 after accusations of mismanagement, conflicts of interest, and accounting issues

More News

James Titcomb / Telegraph:
Israel plans to boycott Europe's biggest tech conference, Web Summit, after the event's co-founder accused Israel of war crimes, as many tech companies pull out
Hannah Murphy / Financial Times:
Some influencers and CEOs are building their brands on LinkedIn, which is easier due to less creator competition, a committed user base, and a safer feel than X
Jonathan Rothwell / Gallup:
A survey of 1,567 US adolescents: 51% spend at least four hours on social media apps per day; 13-year-olds spent 4.1 hours, rising to 5.8 hours for 17-year-olds

Earlier Picks

Giulio Piovaccari / Reuters:
Ferrari begins accepting crypto for its cars in the US and plans to do the same in Europe in Q1 2024, after customer requests; Ferrari sold 13,200 cars in 2022
Financial Times:
Gary Gensler says it's “nearly unavoidable” that AI will cause a financial crisis if many institutions rely on the same underlying base model or data aggregator
Kate Conger / New York Times:
Australia fined X ~$384K and warned Google after the companies did not give enough info on their efforts to fight CSAM, despite a law requiring such disclosures
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