Tech Meme

Will Goodbody / RTÉ: Massachusetts-based human resources company UKG acquires Dublin-based payroll software developer Immedis; source: the deal is worth well in excess of €500M  —  Irish payroll management platform Immedis has been bought by the US human resources, payroll and workforce solutions business … Lees verder op Tech Meme

Sarah E. Needleman / Wall Street Journal: Email: Reddit lays off ~90 staffers, or ~5% of its workforce, and slows hiring, as it restructures key parts of its business, aiming to break even in 2024  —  Moves aim to help social-media company break even next year  —  Social-media company Reddit is laying off roughly 90 employees … Lees verder op Tech Meme

Jordan Novet / CNBC: GitLab reports Q1 revenue up 45% YoY to $126.9M vs. $117.8M est., 2024 revenue guidance above estimates, and unveils generative AI plans; GTLB jumps 30%+  —  – GitLab beat on the top and bottom lines and increased its full-year guidance.  — The company plans to sell a generative artificial intelligence add-on. Lees verder op Tech Meme

Matt Levine / Bloomberg: A look at the similarities and differences between the SEC’s lawsuits against Coinbase and Binance, as the SEC views every crypto exchange in the US as illegal  —  SEC v. Crypto  —  “A decent rule of thumb,” I wrote in March, “is that all cryptocurrency exchanges are doing crimes … Lees verder op Tech Meme

Sabrina Ortiz / ZDNet: Instagram appears to be testing an AI chatbot option with 30 AI personalities that answer questions and give advice  —  Meta rapidly adopted generative AI technology and incorporated it into various features across its platforms, including ads.  Now, the company is testing a new feature on Instagram. Lees verder op Tech Meme

Will Goodbody / RTÉ: Massachusetts-based human resources company UKG acquires Dublin-based payroll software developer Immedis; source: the deal is worth well in excess of €500M  —  Irish payroll management platform Immedis has been bought by the US human resources, payroll and workforce solutions business … Lees verder op Tech Meme

Zhiyuan Sun / Cointelegraph: A task force of 10 state regulators, including California’s and Washington’s, issues a Show Cause Order against Coinbase for allegedly violating securities law  —  The SEC is suing the cryptocurrency exchange for alleged unregistered securities offerings.  —  1342 Total views  —  19 Total shares Lees verder op Tech Meme

Austin Weinstein / Bloomberg: The SEC sues Coinbase, alleging the exchange operated as an unregistered broker since at least 2019 and broke the rules by offering “staking”; COIN drops 10%+  —  The Securities and Exchange Commission sued Coinbase Global Inc. in federal court in New York on Tuesday, alleging the crypto firm for years broke its rules. Lees verder op Tech Meme

Tom Wilson / Reuters: Nansen: investors have pulled ~$780M on Ethereum from Binance and $13M from its US affiliate in the past 24 hours, following the SEC’s lawsuit  —  Investors have pulled around $780 million from crypto exchange Binance in the last 24 hours, data firm Nansen said on Tuesday … Lees verder op Tech Meme

Will Goodbody / RTÉ: US-based human resources company UKG acquires Irish payroll software developer Immedis, in a deal understood be worth well in excess of €500M  —  Irish payroll management platform Immedis has been bought by the US human resources, payroll and workforce solutions business, UKG … Lees verder op Tech Meme