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Tech Meme

Sources: Panos Panay's abrupt departure came after Microsoft made budget and staff cuts, canceled products, and discussed reorganizing his hardware unit (Ashley Stewart/Insider) 21-09-2023

Ashley Stewart / Insider: Sources: Panos Panay’s abrupt departure came after Microsoft made budget and staff cuts, canceled products, and discussed reorganizing his hardware unit  —  – Microsoft this week announced Chief Product Officer Panos Panay left after nearly 20 years.  — Panay is expected … Lees verder op Tech Meme

Meta updates Facebook's “identity system”, including a new logo to confidently express the platform's “core blue color”, and refines Facebook's emoji Reactions (Jay Peters/The Verge) 21-09-2023

Jay Peters / The Verge: Meta updates Facebook’s “identity system”, including a new logo to confidently express the platform’s “core blue color”, and refines Facebook’s emoji Reactions  —  Meta is updating Facebook’s “identity system,” and that includes a dramatically refreshed logo.  —  Just kidding! Lees verder op Tech Meme

Tether confirms resuming lending its stablecoins to customers, less than a year after saying it would end such loans; $5.5B of its assets were loans on June 30 (Jonathan Weil/Wall Street Journal) 21-09-2023

Jonathan Weil / Wall Street Journal: Tether confirms resuming lending its stablecoins to customers, less than a year after saying it would end such loans; $5.5B of its assets were loans on June 30  —  Cryptocurrency issuer had said it would cut loans to zero in 2023  —  Tether Holdings resumed lending out its own stablecoins to customers … Lees verder op Tech Meme

Cisco plans to acquire cybersecurity company Splunk for $157 per share in cash, up 31% on Splunk's September 20 closing price, in a deal valued at ~$28B (Bloomberg) 21-09-2023

Bloomberg: Cisco plans to acquire cybersecurity company Splunk for $157 per share in cash, up 31% on Splunk’s September 20 closing price, in a deal valued at ~$28B  —  Cisco will pay $157 a share in cash, the companies said in a statement Thursday.  That represents a 31% premium to Splunk’s previous closing price on Wednesday. Lees verder op Tech Meme

After recent IPOs, Arm and Instacart fall by 20%+ from their highs; Arm closed at $52.91 on September 20, down 4% on its offer price, while Instacart was flat (Financial Times) 21-09-2023

Financial Times: After recent IPOs, Arm and Instacart fall by 20%+ from their highs; Arm closed at $52.91 on September 20, down 4% on its offer price, while Instacart was flat  —  Newly listed tech companies soared in their public debuts but have fallen quickly from those highs Lees verder op Tech Meme

Cisco plans to acquire cybersecurity company Splunk for $157 per share in cash, up 31% on Splunk's September 20 closing price, in a deal valued at ~$28B (Molly Schuetz/Bloomberg) 21-09-2023

Molly Schuetz / Bloomberg: Cisco plans to acquire cybersecurity company Splunk for $157 per share in cash, up 31% on Splunk’s September 20 closing price, in a deal valued at ~$28B  —  Cisco will pay $157 a share in cash, the companies said in a statement Thursday.  That represents a 31% premium to Splunk’s previous closing price on Wednesday. Lees verder op Tech Meme

Layer 2 blockchain Optimism sells 116M tokens worth $157M to seven buyers in a “private” sale, after airdropping 19.4M tokens to 31K+ users earlier this week (Oliver Knight/CoinDesk) 21-09-2023

Oliver Knight / CoinDesk: Layer 2 blockchain Optimism sells 116M tokens worth $157M to seven buyers in a “private” sale, after airdropping 19.4M tokens to 31K+ users earlier this week  —  The token sale was described as a “planned event.”  —  The foundation behind layer2 blockchain Optimism … Lees verder op Tech Meme

Source: Google has extensively discussed dropping Broadcom for AI chips as early as 2027 to design its own TPUs, aiming to save billions of dollars annually (Wayne Ma/The Information) 21-09-2023

Wayne Ma / The Information: Source: Google has extensively discussed dropping Broadcom for AI chips as early as 2027 to design its own TPUs, aiming to save billions of dollars annually  —  Google executives have extensively discussed dropping Broadcom as a supplier of artificial intelligence chips as early as 2027 … Lees verder op Tech Meme

Japanese chipmaking equipment maker Kokusai Electric plans to raise ~$750M in an IPO on October 25 in Tokyo at a ~$2.95B valuation, pricing shares at ~$12.78 (Reuters) 21-09-2023

Reuters: Japanese chipmaking equipment maker Kokusai Electric plans to raise ~$750M in an IPO on October 25 in Tokyo at a ~$2.95B valuation, pricing shares at ~$12.78  —  Chipmaking equipment maker Kokusai Electric said on Thursday it plans to list on the Tokyo Stock Exchange on Oct. 25 … Lees verder op Tech Meme

Korean game publisher Krafton says Dead Space developer Striking Distance's CEO Glen Schofield, COO, and CFO are leaving, months after its new game flopped (Jason Schreier/Bloomberg) 21-09-2023

Jason Schreier / Bloomberg: Korean game publisher Krafton says Dead Space developer Striking Distance’s CEO Glen Schofield, COO, and CFO are leaving, months after its new game flopped  —  Video-game developer Striking Distance Studios, a subsidiary of Korean publisher Krafton Inc., is appointing new management several months … Lees verder op Tech Meme