CNBC: Gemini plans to provide up to $100M to Genesis’ bankruptcy recovery, mainly for its Earn users, who had ~$900M of assets frozen when Genesis paused withdrawals — – Crypto exchange Gemini will contribute $100 million in cash to a recovery plan for bankrupt crypto lender Genesis. Lees verder op Tech Meme
Jonathan Vanian / CNBC: Pinterest reports Q4 revenue up 4% YoY to $877M, vs. $886.3M est., $17M net income, global MAUs up 4% YoY to 450M, and forecasts weak Q1 revenue growth — – Pinterest said it expects sales in the first quarter to increase in the “low single digits” from a year earlier. Lees verder op Tech Meme
Kat Bailey / IGN: Sources: Microsoft, Nintendo, and Sony do not plan to attend E3 2023, to be held in-person from June 13 to June 16; E3 2022 was canceled due to the pandemic — All three of gaming’s first-party console manufacturers appear poised to skip E3’s big return. — E3’s first physical event … Lees verder op Tech Meme
Mary Ann Azevedo / TechCrunch: Payment card services company Marqeta plans to acquire NYC-based fintech infrastructure startup Power Finance for $223M in cash plus $52M subject to a milestone — Marqeta has agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash … Lees verder op Tech Meme
Manish Singh / TechCrunch: Manu Jain, who led Xiaomi’s India business for seven years, leaves, joining a long list of key departures; sources say he pitched investors on EV startup ideas — Manu Jain, the executive who helped Xiaomi set up and scale business in India, has left the company, he said Monday … Lees verder op Tech Meme
John Herrman / New York Magazine: Amazon’s third-party “seller services”, a large and growing part of the company’s revenue that is also profitable, has filled its Marketplace with junk products — Let’s say you’re a regular Amazon shopper in need of a spatula. You might start your journey by typing the word … Lees verder op Tech Meme
Reuters: Samsung reports a ~$1.38B mobile profit in Q4, down from ~$2.15B in Q4 2021, and says its 2023 chip investment will be similar to 2022, in contrast to rivals — South Korea’s Samsung Electronics Co Ltd (005930.KS) on Tuesday indicated it has no plan to cut investment in chips this year … Lees verder op Tech Meme
Takashi Mochizuki / Bloomberg: Sources: Sony halves its Q1 PlayStation VR2 shipment forecast to ~1M units after disappointing early preorders; the headset will be launched on February 22 — Sony Group Corp. reduced projections for the initial launch of its PlayStation VR2 headset dramatically after early pre-orders disappointed … Lees verder op Tech Meme
Jonathan Stempel / Reuters: A US judge allows the names of the two people who posted SBF’s $250M bail to be made public, but stays the ruling until at least February 7, expecting an appeal — A U.S. judge on Monday said the names of two people who helped guarantee bail for indicted FTX cryptocurrency exchange founder Sam Bankman-Fried … Lees verder op Tech Meme
Vox: Meta, Google, and Amazon leadership are conjuring their companies’ “scrappy” startup roots in internal messaging, asking staff to work harder or face layoffs — Facebook, Google, and Amazon are trying to get their groove back. — When Meta’s head of people, Lori Goler … Lees verder op Tech Meme