Month: January 2023

Internal docs and sources: Facebook scaled back a plan to heavily demote politics and sensitive topics after finding it came at a “high and inefficient cost” (Wall Street Journal)

Wall Street Journal: Internal docs and sources: Facebook scaled back a plan to heavily demote politics and sensitive topics after finding it came at a “high and inefficient cost”  —  Hitting mute button on political content recommendations brought unintended consequences

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The FTC proposes a rule banning worker non-compete clauses, saying they harm healthy competition in the labor and product markets and block entrepreneurship (Jules Roscoe/VICE)

Jules Roscoe / VICE: The FTC proposes a rule banning worker non-compete clauses, saying they harm healthy competition in the labor and product markets and block entrepreneurship  —  The agency stated that noncompete clauses are bad for both the labor market and innovation.  The proposed rule would make them illegal.

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NY AG Letitia James files a civil suit against Alex Mashinsky, alleging the co-founder of Celsius defrauded investors out of billions by making false statements (Wall Street Journal)

Wall Street Journal: NY AG Letitia James files a civil suit against Alex Mashinsky, alleging the co-founder of Celsius defrauded investors out of billions by making false statements  —  Alex Mashinsky made false statements to investors about the crypto lender, lawsuit alleges  —  New York Attorney General …

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Troubled crypto lender Vauld rejects rival Nexo’s final acquisition proposal, questioning Nexo’s solvency and other issues (Yogita Khatri/The Block)

Yogita Khatri / The Block: Troubled crypto lender Vauld rejects rival Nexo’s final acquisition proposal, questioning Nexo’s solvency and other issues  —  – Troubled crypto lender Vauld rejected rival Nexo’s final acquisition proposal.  — Vauld continues to seek answers from Nexo, particularly around its solvency.

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Amazon’s Ring announces its first dashboard camera, the Ring Car Cam, with inside and outside recording, after a two-year delay, shipping in February for $250 (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg: Amazon’s Ring announces its first dashboard camera, the Ring Car Cam, with inside and outside recording, after a two-year delay, shipping in February for $250  —  Amazon.com Inc.’s Ring division introduced its first car dashboard camera after a two-year delay, expanding beyond home security with a new category.

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Amazon adds four partners for its Sidewalk network, including Deviceroy’s Aria solar inverters, and plans to open the platform for developers later in 2023 (Frederic Lardinois/TechCrunch)

Frederic Lardinois / TechCrunch: Amazon adds four partners for its Sidewalk network, including Deviceroy’s Aria solar inverters, and plans to open the platform for developers later in 2023  —  At CES, Amazon today announced that a number of new devices from four manufactureres will soon join its Sidewalk network.

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Kensington announces two new trackballs at CES

Kensington revealed the TB450 and TB550 trackballs at CES this year | Image: Kensington Trackball stans, rejoice! Kensington, one of the few remaining manufacturers of premium trackball mice, has announced two new options for the ergonomic diehards out there. Kensington introduced a pair of more budget-friendly options at CES 2023 with its new Pro Fit

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Some VCs that held onto stakes in startups after IPOs during the bull market, including Sequoia, Menlo, and Altos, have been left with losses as markets drop (Berber Jin/Wall Street Journal)

Berber Jin / Wall Street Journal: Some VCs that held onto stakes in startups after IPOs during the bull market, including Sequoia, Menlo, and Altos, have been left with losses as markets drop  —  Startup investors that held off on exiting investments after their IPOs are left to rue the decision

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