Tech Meme

Wall Street Journal: Sources: Lyft co-founders’ departures followed months of staff worries as the company’s market cap fell 85% to under $3.5B in two years, while Uber fared better  —  New CEO says he aims to boost employee morale and overhaul customer and driver experience  —  Tech Live: Lyft Co-Founder on Stock-Price Tumble, Autonomous Cars Lees verder op Tech Meme

Juro Osawa / The Information: Sources: ByteDance generated $80B+ in 2022 revenue, up 30%+ YoY, after growing 70% between 2020 and 2021; TikTok represented ~12% of ByteDance’s total revenue  —  ByteDance, the Chinese owner of TikTok, generated more than $80 billion in annual revenue last year, up more than 30% … Lees verder op Tech Meme

Leo Schwartz / Fortune: Binance plans to keep the $985M+ BUSD the company moved from its industry recovery fund, launched in November 2022 amid FTX’s collapse, in its corporate wallets  —  Founder and CEO of Binance Changpeng Zhao, commonly known as “CZ”  —  In the wake of FTX’s collapse in November … Lees verder op Tech Meme

Oliver Knight / CoinDesk: Filing: the US government sold ~$216M of seized Silk Road BTC on March 14, part of James Zhong’s 50K stolen BTC, and plans to sell 41,490 BTC in four tranches  —  The government will sell the remaining 41,490 BTC in four tranches this year.  —  The U.S. government sold 9,861.17 bitcoin … Lees verder op Tech Meme

Josh Sisco / Politico: Sources: the FTC plans to file a complaint against Amazon alleging Alexa speakers violate COPPA by collecting data about kids under 13 without parental consent  —  The case, if filed, would be the first in a potentially long list of enforcement actions against the tech giant. Lees verder op Tech Meme

Paul Sandle / Reuters: The UK’s Competition Appeal Tribunal says Apple won its appeal against the CMA’s move to investigate the company’s dominance in mobile browsers and cloud gaming  —  Apple Inc (AAPL.O) won its appeal against the decision by Britain’s antitrust regulator to launch an investigation … Lees verder op Tech Meme

Wall Street Journal: Sources: Lyft founders’ departures followed months of staff concerns as the company’s market value fell 85% to under $3.5B in two years, while Uber fared better  —  New CEO says he aims to boost employee morale and overhaul customer and driver experience  —  Tech Live: Lyft Co-Founder on Stock-Price Tumble, Autonomous Cars Lees verder op Tech Meme

Daniel Wiessner / Reuters: NLRB says Activision Blizzard broke US labor law by illegally surveilling staff during a walkout and threatening to close some Slack channels amid a union drive  —  Activision Blizzard Inc (ATVI.O) violated U.S. labor law by illegally surveilling employees during a walkout and threatening … Lees verder op Tech Meme

Juro Osawa / The Information: Sources: ByteDance had revenues of $80B+ in 2022, up 30% YoY, after growing 70% between 2020 and 2021; TikTok represented ~12% of total ByteDance revenue  —  ByteDance, the Chinese owner of TikTok, generated more than $80 billion in annual revenue last year, up more than 30% from roughly $60 billion in 2021 … Lees verder op Tech Meme

Wall Street Journal: How GameStop chairman Ryan Cohen abandoned the company’s e-commerce push to refocus on its ~4.4K stores, leading to GameStop’s first profit in two years  —  Videogame retailer, the original meme stock, hits brakes on e-commerce push to refocus on its 4,400 bricks-and-mortar locations Lees verder op Tech Meme