Month: April 2022

Sources: Tencent-controlled Chinese video game streaming service Huya, which rivals DouYu, will lay off hundreds of staff; Huya had 2,075 employees in 2020 (Josh Ye/Reuters)

Josh Ye / Reuters: Sources: Tencent-controlled Chinese video game streaming service Huya, which rivals DouYu, will lay off hundreds of staff; Huya had 2,075 employees in 2020  —  Chinese video game streaming site Huya (HUYA.N) has started laying off staff, three sources close to the matter said …

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Sources: Netflix staff morale is sagging amid its cratering stock price, subscriber losses, and an engineering restructuring to create levels, such as “junior” (Lucas Shaw/Bloomberg)

Lucas Shaw / Bloomberg: Sources: Netflix staff morale is sagging amid its cratering stock price, subscriber losses, and an engineering restructuring to create levels, such as “junior”  —  As Netflix shares plunge to their lowest point in five years, the company risks losing its most valuable resource: its star employees.

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North Korean hackers who stole $600M from Axie Infinity are still laundering their haul, recently moving $4.5M of ETH, after the US tried to freeze those assets (Washington Post)

Washington Post: North Korean hackers who stole $600M from Axie Infinity are still laundering their haul, recently moving $4.5M of ETH, after the US tried to freeze those assets  —  Despite U.S. law enforcement identifying the Lazarus Group as the thieves, the hackers have laundered 17 percent of their $600 million haul

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Insteon Abruptly Shuts Down, Users Left Smart-Home-Less

In today’s “predictable things that happened before and definitely will happen again”, Insteon, a smart home company boasting the Insteon ecosystem of devices built around their proprietary communication standards, has shut down their servers without a warning. For almost two decades, Insteon used to offer products like smart light switches, dimmers, relays, various sensors, thermostats

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UK virtual events startup Hopin, which raised $1B+ and reached a $7.8B valuation, is now struggling; its Explore page has <500 events listed, down from 15K+ (Financial Times)

Financial Times: UK virtual events startup Hopin, which raised $1B+ and reached a $7.8B valuation, is now struggling; its Explore page has <500 events listed, down from 15K+  —  British group gained $7.8bn valuation in pandemic, but lay-offs and slump in secondary market trades have followed

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The emerging risks of open source

Remember when open source was all about peace, love, and Linux? When the movement was small but impassioned and fought over GPL versus BSD/Apache, free software versus open source? When seeing Linux or other open source software running in the wild was a big deal, worthy of a blog or Twitter? Some might pine for

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Why blockchain is the future of the internet

The future of the internet has been the subject of much speculation and debate in the past few years. From the rise of virtual worlds and immersive experiences to the explosive growth of social media, the internet has become a ubiquitous medium for communication and commerce. With the rise of blockchain, the internet is about

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