Q&A with Mark Zuckerberg on LlamaCon, Llama API, Meta's AI opportunity, social networking 2.0, Ray-Bans, Apple, the Meta AI app, tariffs, Reality Labs, and more
An interview with Meta CEO Mark Zuckerberg about Llama and the AI opportunity, the evolution of social medial, and what it means to connect.
Meta reports Q1 revenue up 16% YoY to $42.3B, vs. $41.4B est., net income up 35% to $16.6B, family daily active people up 6% to 3.43B on average for March 2025
and why simply isolating Chinese advertising spend was misguided... X: Roman Helmet Guy / @romanhelmetguy : Zuckerberg explaining how Meta is creating personalized AI friends to su...
DoorDash partners with Klarna to offer payment plans, including credit options for purchases of $35 or more; Grubhub also uses Klarna as a payment option
in Case You Need a Loan to Pay for Your Burrito Jordan Valinsky / CNN : DoorDash will soon let users eat now and pay in installments Niket Nishant / Reuters : NYSE-bound Klarna sig...
Podcasting is becoming an industry of megastars with huge deals and the biggest audiences; Edison: the top 25 podcasts reach nearly 50% of US weekly listeners
The top shows are adding video, merchandise and live tours and signing megadeals with Spotify, Sirius and Amazon.
Interviews with several journalists who helped saturate the web with Game of Thrones coverage, leveraging fans' obsessions for traffic via SEO and social media
Interviews with several journalists who helped saturate the web with Game of Thrones coverage, leveraging fans' obsessions for traffic via SEO and social media
For a crucial decade in print media's transition to the internet, HBO's fantasy series Game of Thrones was a boon in traffic... for everyone.
Sources: E*Trade is weighing kicking meme stock leader Keith Gill off its site over GameStop stock manipulation concerns; GME is up 60%+ since Gill reappeared
Morgan Stanley's trading platform discusses concerns about possible manipulation in GameStop — E*Trade is considering telling …
Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 10%+
Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2024.
Twitter threatens to sue Meta over Threads, saying Meta “engaged in systematic, willful, and unlawful misappropriation of Twitter's trade secrets” and other IP
Twitter is threatening legal action against Meta over its new text-based “Twitter killer” platform …
Meta launches Instagram's text-based Threads app on the App Store and Google Play in 100+ countries; users log in via Instagram and can follow the same accounts
As Twitter has become even less-filtered … Michael Muchmore / PCMag : Hands On With Instagram Threads: Does Meta's Twitter Killer Deliver? John Palmer / Cryptopolitan : Meta's Thre...
Meta launches Instagram's Threads, available on the App Store and Google Play in 100+ countries; users log in via Instagram and can follow the same accounts
- Threads is a text-based messaging app that looks very similar to Twitter. — People will be able to use their Instagram usernames …
Hands-on with Threads: fairly basic text-based messaging app, log in via Instagram, no hashtags, can't search for anything other than user handles, and more
Programming note: I really was trying to take a vacation, but this felt like it was worth the one-day interruption.
Signature's and SVB's collapse was aided by GOP-led Dodd-Frank reforms that raised the “stress test” threshold from $50B to $250B, pushed for by SVB executives
Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13
Sources: Meta gave ~10% of staff subpar ratings in recent performance reviews, a sign of more workforce reductions, and cut a bonus metric to 85% of its target
The performance-review process is expected to set the stage for more workforce reductions this year — Why Tech Layoffs Don't Reflect the Job Market
Netflix co-founder Reed Hastings steps down as co-CEO but plans to stay on as executive chair; the company promotes COO Greg Peters to co-CEO with Ted Sarandos
Streaming company names new leadership as it looks to reset after ‘tough year’ in 2022 — Reed Hastings is stepping …
Medium launches a Mastodon instance on me.dm, promising members a solid infrastructure, reliable moderation, smoother onboarding, and an interesting local feed
Tony Stubblebine / The Official Medium Blog :
Sources: OpenAI is in talks to raise $300M+ from Thrive and Founders Fund in a tender offer, valuing the company at ~$29B, up from $14B in its 2021 tender offer
Tender offer at that valuation would make OpenAI one of the most valuable U.S. startups — Cheating With ChatGPT: Can an AI Chatbot Pass AP Lit?
Memo: Shopify cancels all recurring meetings with over two people “in perpetuity” and encourages staff to decline invitations, leave big group chats, and more
Shopify Inc. spent last year cutting costs. Now, it's cutting meetings. — As employees return from holiday break …
Layoffs.fyi estimates tech companies cut over 150,000 jobs in 2022, compared to around 80,000 between March and December 2020 and 15,000 across all of 2021
Areas that were largely spared in 2020 are now among those with the largest numbers of job cuts — Technology-driven companies …