Month: December 2022
Fidelity slashes the value of its Twitter stake by over half
Fidelity, which was among the group of outside investors that helped Elon Musk finance his $44 billion takeover of Twitter, has slashed the value of its stake in Twitter by 56%. The recalculation comes as Twitter navigates a number of challenges, most the result of chaotic management decisions — including an exodus of advertisers from … Read more
I Will Write More
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PostgreSQL 14 Internals [pdf]
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New research indicates boomers make better crypto investors
Boomers do significantly more research before investing in cryptocurrency than their younger counterparts, which puts them in a stronger position.
Meta acquires smart lensmaker Luxexcel as it works toward AR glasses goal
Illustration by Nick Barclay / The Verge Meta’s throwing more money into the metaverse with its acquisition of Luxexcel, a Netherlands-based company that specializes in 3D-printing prescription lenses for smart glasses. The news was first reported by Dutch outlet De Tijd (via TechCrunch), but Meta has since confirmed to The Verge that it purchased the … Read more
Daily Crunch: To take the friction out of consumer messaging, more companies are entering the Matrix
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Welcome back to your daily digest of TechCrunch goodness. It is my last day with you (you’re welcome!), so Christine will be back in the Daily Crunch seat on Tuesday. Haje will … Read more
Games people play with cash flow
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Fetish tabooness vs. popularity
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Twitter will soon let you swipe between tweets, topics, and trends
Illustration by Alex Castro / The Verge Twitter will soon let you swipe to switch between different views containing recommended and followed tweets, trends, topics, and more. In a tweet, Elon Musk announced that support for the navigation feature will arrive in January. Musk first hinted at the feature earlier this month, noting the “main … Read more