Tech Meme

Rebecca Bellan / TechCrunch: Lyft CEO says Lyft is trying to get rid of surge pricing because “riders hate it” and rides affected by surge pricing dropped 35% QoQ due to more driver supply  —  Lyft has been cutting fares in order to secure more riders, and it’s working.  Bu that success has come with a (literal) cost. Lees verder op Tech Meme

Kyle Bradshaw / 9to5Google: Verizon will shut down BlueJeans, a business-focused video conferencing app it acquired in 2020, on August 31, 2023, due to “the changing market landscape”  —  Did you know Verizon acquired a video conferencing app back in 2020?  It’s fine if you haven’t because Verizon has announced that its … Lees verder op Tech Meme

Lily Hay Newman / Wired: Intel fixes a flaw found by a Google researcher, affecting Skylake, Tiger Lake, and Ice Lake chips, that could let attackers steal passwords and other secrets  —  The vulnerability could allow attackers to take advantage of an information leak to steal sensitive details like private messages, passwords, and encryption keys. Lees verder op Tech Meme

Sarah Perez / TechCrunch: Netflix launches a game controller app on the App Store to let users play Netflix games on their TV; the app description says the feature is “coming soon”  —  After last fall signaling its intentions to expand into cloud gaming, Netflix today launched a new app that will soon allow subscribers to play games on their TV. Lees verder op Tech Meme

Ben Schoon / 9to5Google: YouTube will stop showing users recommended videos in some places, including the homepage, when watch history is turned off entirely  —  Recommended videos keep users engaged on YouTube, but starting today, YouTube will stop showing recommended videos in some places, such as the homepage, if your watch history is turned off entirely. Lees verder op Tech Meme

Jesse Hamilton / CoinDesk: The US Federal Reserve launches a program for overseeing banks’ crypto activity and clarifies its pre-approval process for engaging with stablecoins  —  Fresh crypto guidance from the U.S. central bank doesn’t represent a departure from previous policy, but it provides more details on what the Fed expects from banks. Lees verder op Tech Meme

Brody Ford / Bloomberg: Twilio reports Q2 revenue up 10% YoY to $1.04B vs. $986M est., active customer accounts up 11% YoY to 304K+, and raises FY 2023 profit outlook; TWLO jumps 9%+  —  – Company reports revenue, profit that top analysts’ estimates  — Twilio has reduced its workforce twice in the past year Lees verder op Tech Meme

Emily Bary / MarketWatch: Toast reports Q2 revenue up 45% YoY to $978M, vs. $943M est., and a positive free cash flow for the first time since its IPO, with $39M; TOST jumps 12%+  —  Positive free cash flow reached for the first time since IPO  —  Toast Inc. shares were popping in Tuesday’s after-hours action … Lees verder op Tech Meme

Preetika Rana / Wall Street Journal: Lyft reports Q2 revenue up 3% YoY to $1.02B, a net loss of $114.3M, and active riders up 8.2% YoY to 21.49M, its highest levels since the pandemic  —  Ride-share company projects better-than-expected outlook for current quarter  —  Lyft raised its revenue and trimmed its loss last quarter … Lees verder op Tech Meme

Kyle Wiggers / TechCrunch: Nvidia announces AI Workbench, which lets users create, test, and customize LLMs from Hugging Face and others on local workstations before using cloud resources  —  Timed to coincide with SIGGRAPH, the annual AI academic conference, Nvidia this morning announced a new platform designed to let users create … Lees verder op Tech Meme