Tech Meme

Siddharth Venkataramakrishnan / Financial Times: Adyen reports H1 2023 net revenue up 21% YoY to €739.1M, below €754M est., €320M EBITA, below €365M est., and defends hiring 551 new staff; ADYEN.AS drops 27%+  —  Sustained recruitment by Dutch payments company hits first-half profits  —  European payments company Adyen … Lees verder op Tech Meme

Siddharth Venkataramakrishnan / Financial Times: Adyen reports H1 2023 net revenue up 21% YoY to €739.1M, below €754M est., €320M EBITA, below €365M est., and defends hiring 551 new staff; ADYEN.AS drops 27%+  —  Sustained recruitment by Dutch payments company hits first-half profits  —  European payments company Adyen … Lees verder op Tech Meme

Natalie Lung / Bloomberg: Jefferies and TrueUp: tech companies have laid off 342,671 employees so far in 2023, well above the 243,075 job cuts across all of 2022  —  Tech companies aren’t yet ramping up hiring after massive layoffs over the past year, despite a surge in interest in artificial intelligence, requiring workers with special skills. Lees verder op Tech Meme

Sarah Perez / TechCrunch: Snap confirms and fixes a My AI glitch that caused the chatbot to post its own Story and then stop responding to users’ messages  —  Snapchat’s My AI feature, an in-app AI chatbot launched earlier this year with its fair share of controversy, briefly appeared to have a mind of its own. Lees verder op Tech Meme

Olga Kharif / Bloomberg: Solidus Labs: between mid-July and August, developers deployed 500+ scam tokens on Coinbase’s Base blockchain; around 300 let the creators mint unlimited tokens  —  – More than 500 scam tokens were deployed on blockchain  — Solidus Labs says scammers pocketed about $2 million in profit Lees verder op Tech Meme

Siddharth Venkataramakrishnan / Financial Times: European payments company Adyen reports H1 2023 net revenue up 21% YoY to €739.1M, below €754M est., €320M EBITA, below €365M est., and defends hiring 551 staff  —  Sustained recruitment by Dutch payments company hits first-half profits  —  European payments company Adyen … Lees verder op Tech Meme

Sarah Zheng / Bloomberg: Sources: Chinese regulators met with Walmart, PayPal, and other foreign companies to help navigate China’s new data security rules, hoping to ease some fears  —  – Walmart, PayPal among foreign firms that met CAC last week  — They discussed fast-tracking some data transfers abroad Lees verder op Tech Meme

Reuters: Lenovo reports Q1 revenue down 24% YoY to $12.9B, below $13.84B est., net income down 66% YoY to $177M, and China sales down 29% YoY, as PC demand slumps  —  China’s Lenovo Group (0992.HK) on Thursday posted a worse-than-expected 24% fall in revenue for the April-June quarter … Lees verder op Tech Meme

Vlad Savov / Bloomberg: Counterpoint: 2023 global smartphone shipments to drop 6% YoY to 1.15B units, the lowest level since 2013, due to China’s worsening economy and poor US demand  —  – Global smartphone shipments are expected to drop 6% from 2022  — Apple is better positioned than others to weather the storm Lees verder op Tech Meme

Vlad Turiceanu / Windows Report: Leaked images show Lenovo’s new Legion Go, a Windows 11 gaming handheld that appears to combine features of the Steam Deck, Asus ROG Ally, and Nintendo Switch  —  Here’s a first look at Lenovo’s new gaming handheld, the Legion Go  —  Lenovo is working on a gaming handheld called Legion Go … Lees verder op Tech Meme