Tech Meme

Jahnavi Nidumolu / Reuters: Elon Musk says a ~50% ad revenue drop and a heavy debt load kept Twitter cash flow negative; he said in March 2023 the company could be cash flow positive in Q2  —  Elon Musk said Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load. Lees verder op Tech Meme

Amanda Silberling / TechCrunch: Creator monetization platform Passes, founded in 2022, plans to acquire rival Fanhouse, founded in 2020; some creators are worried and one Fanhouse founder quit  —  The creator monetization platform Fanhouse announced yesterday that it was acquired by Passes, a similar startup that only launched in beta in December. Lees verder op Tech Meme

The Economic Times: Sources: Foxconn is in talks with TSMC and Japan-based TMH to build chip factories in India, days after ending its $19.5B chip and display venture with Vedanta  —  Foxconn is likely to soon finalise the details of the partnership to manufacture both advanced and legacy node chips, a source close to the development told ET. Lees verder op Tech Meme

Sky News: Some Etsy sellers say it started imposing a 45 day reserve on 75% of their income with no warning, as part of its Purchase Protection program to cover refunds  —  Sellers say the online marketplace is imposing a temporary reserve on their sales under its new ‘purchase protection programme’ … Lees verder op Tech Meme

Jahnavi Nidumolu / Reuters: Elon Musk says Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load  —  Elon Musk said Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load.  —  “Need to reach positive cash flow … Lees verder op Tech Meme

Tim Bradshaw / Financial Times: The UK CMA pushes back a deadline to block Microsoft’s Activision deal from July 18 to August 29, which could let Microsoft complete the merger within weeks  —  New timetable from Competition and Markets Authority means $75bn transaction could be closed within weeks Lees verder op Tech Meme

Sohee Kim / Bloomberg: A look at Sony-owned Crunchyroll, which has 100M+ registered members, including 11M paid subscribers, as the anime streaming service looks to India for growth  —  – President says new anime markets like India will drive growth  — Global expansion helps owner Sony boost entertainment content Lees verder op Tech Meme

Dan Goodin / Ars Technica: Microsoft’s disclosures about Chinese hackers accessing US government email accounts try to obscure the role of Microsoft’s own vulnerabilities in the breach  —  Critics also decry Microsoft’s “pay-to-play” monitoring that detected intrusions.  —  On Friday, Microsoft attempted to explain … Lees verder op Tech Meme

Rhiannon Williams / MIT Technology Review: Study: ChatGPT helped writers complete tasks, such as writing press releases or reports, 40% faster and produce work that assessors scored 18% higher in quality  —  People who use ChatGPT to help with writing tasks are more productive and produce higher-quality work than those who don’t, a study found. Lees verder op Tech Meme

Christopher Mims / Wall Street Journal: Twitter could descend into irrelevance if the trends driving Threads’ early success, including network effects and Elon Musk’s self-inflicted wounds, persist  —  Threads, from Instagram, has many distinct qualities that make it the first credible threat to Elon Musk’s vision of what a social network should be Lees verder op Tech Meme