Wall Street Journal: Sources: Amazon’s stock decline over the past year has roiled its stock-heavy compensation plans, causing pay in 2023 to drop by 15%-50% below Amazon’s targets — Stock-heavy compensation plan means employees to receive 15% to 50% below projected pay targets Lees verder op Tech Meme
Thomas Seal / Bloomberg: Meta plans to update its TOS for Facebook, Instagram, and WhatsApp users in the UK and will begin moving those users from its Irish subsidiary to US agreements — Meta Platforms Inc. will begin moving its UK users away from the company’s Irish subsidiary and onto US agreements in a move the social-media giant flagged post-Brexit. Lees verder op Tech Meme
Steven Vaughan-Nichols / ZDNet: Linus Torvalds releases Linux 6.2, the first mainstream Linux kernel to support Apple’s M1 chips, which is expected to become Ubuntu 23.04’s default kernel — Linux 6.2 was released yesterday, and Linus Torvalds described the latest Linux kernel release as, “Maybe it’s not a sexy LTS release … Lees verder op Tech Meme
Jake Rudnitsky / Bloomberg: Ride-hailing service inDrive, whose gross revenue increased 88% in 2022, raised $150M in debt that links repayment to its performance from General Catalyst — InDrive, the second-most downloaded ride-hailing app in the world, raised $150 million using an unusual debt instrument that links repayment to the company’s performance. Lees verder op Tech Meme
Paul Sawers / TechCrunch: London-based quantum computing startup Quantum Motion has raised £42M led by Bosch Ventures — U.K. quantum computing company Quantum Motion has raised £42 million ($50.5 million) in an equity round of funding led by Bosch Ventures (RBVC), with participation from Porsche … Lees verder op Tech Meme
Sohee Kim / Bloomberg: TrendForce: DRAM’s average price fell 31.4% in Q3 and 34.4% in Q4 2022, among the worst drops since 2006; Samsung plans to spend $30B+ in 2023 to grow capacity — The memory chip industry is going through a historic decline in demand, with two of the worst quarterly drops on record at the end of last year. Lees verder op Tech Meme
Berber Jin / Wall Street Journal: Preqin data: VC firms raised $20.6B in new funds in Q4 2022, down 65% YoY and the lowest Q4 amount since 2013; LPs backed 226 funds, the fewest in Q4 since 2012 — Slowdown that earlier hit tech startups catches up with investors who fuel venture capital — Fundraising by venture-capital firms hit … Lees verder op Tech Meme
Chandraveer Mathur / Android Police: Google updates Chrome for Windows, macOS, and ChromeOS with new Memory Saver and Energy Saver features that are on by default — Memory Saver and Energy Saver are here — Google Chrome is one of the best web browsers for Android, and it also offers feature parity with the desktop version. Lees verder op Tech Meme
Sergiu Gatlan / BleepingComputer: Microsoft resolved an issue that caused many Outlook inboxes to be flooded with spam for hours after filters appeared to be broken — According to reports from an increasing number of Microsoft customers, Outlook inboxes have been flooded with spam emails over the last nine hours because email spam filters are currently broken. Lees verder op Tech Meme
Karlene Lukovitz / MediaPost: Ampere: streamers will spend $8.5B on sports rights across 17 countries in 2023, up 64% YoY; DAZN accounted for 54% of streamers’ 2022 sports rights spending — Subscription OTT services’ global spend on sports rights in 17 major markets around the world will reach $8.5 billion in 2023 — up 64% versus 2022, projects Ampere Analysis. Lees verder op Tech Meme