Tech Meme

Lauren Thomas / Wall Street Journal: Sources: activist investor Ryan Cohen has built a stake worth hundreds of millions of dollars in Alibaba and is pushing the company to accelerate stock buybacks  —  Cohen first contacted the Chinese e-commerce giant’s board in August to say he saw the company’s shares as undervalued Lees verder op Tech Meme

Kate Rooney / CNBC: Coinbase plans to lay off a further ~950 employees, or ~20% of its workforce, seeking to reduce its operating expense by 25% QoQ; Coinbase laid off 18% in June  —  – Coinbase is cutting a fifth of its workforce following an 18% staff reduction in June.  — CEO Brian Armstrong pointed … Lees verder op Tech Meme

Financial Times: VaynerMedia: in 2022, buying 1K video ad impressions on TikTok cost around 50% less than Instagram’s Reels, ~33% less than Twitter, and 62% less than Snapchat  —  Advertisers and brands say an increasing amount of digital ads spend is moving away from Meta, YouTube and Twitter Lees verder op Tech Meme

Tim Copeland / The Block: Coin ATM Rader: there are now 38,641 bitcoin ATMs globally, up from 14,051 at the start of 2021 but flat from around July 2022 when bitcoin’s price collapsed  —  – The number of Bitcoin ATMs globally has largely remained flat over the last six months.  — While that’s mostly due to stagnation … Lees verder op Tech Meme

Jess Weatherbed / The Verge: A UK law mandates new properties in England must be built with gigabit broadband connections; DCMS says gigabit connections are available in 72%+ of households  —  My years-long battle to get gigabit internet installed may soon be over, thanks to new rules introduced by the UK government … Lees verder op Tech Meme

Financial Times: Meta contractor Sama plans to close its east African content moderation hub in March, cutting ~200 staff; Meta will employ 1,500 Sama staff for data labelling  —  Staff at Nairobi office were moderating graphic and harmful material  —  Meta’s east African content moderation hub is shutting … Lees verder op Tech Meme

Adam Conway / XDA Developers: Google releases the Extension SDK for developers to bring new features, like the new Photo Picker API that launched with Android 13, to older Android versions  —  The Extensions SDK is what makes features like Photo Picker possible on older Android versions. Lees verder op Tech Meme

Debby Wu / Bloomberg: TSMC reports Q4 revenue up 43% YoY to ~$20.6B, below ~$20.8B analyst estimates, its first miss in two years; TSMC stock dropped 27% in 2022 but is up 8% in 2023  —  Taiwan Semiconductor Manufacturing Co.’s fourth-quarter sales missed analysts’ estimates, signaling the global decline … Lees verder op Tech Meme

VentureBeat: Dallas-based Worlds, whose “digital twins” of industrial companies’ floor operations help boost productivity, raised a $21.2M Series A1 led by Moneta Ventures  —  Worlds Enterprises, a company that builds digital twins of floor operations for industrial companies to let them become … Lees verder op Tech Meme

Jon Fingas / Engadget: Meta rolls out a Variance Reduction System, its AI ad-targeting tech meant to comply with its DOJ settlement and reduce discrimination in housing ads, in the US  —  Meta is acting on its vow to reduce ad discrimination through technology.  The company is rolling out a Variance Reduction System … Lees verder op Tech Meme