⏹ For Tech Startups, the Party Is Over

Today’s pick

For Tech Startups, the Party Is Over. A dizzying turn in technology-startup investing is undoing the fortunes of founders and investors riding a 13-year bull run. Highflying startups have been grounded, swiftly, by the new climate: layoffs, skeptical investors, an exodus of funds and… (Heather Somerville / Wall Street Journal)

Heather Somerville @heathersomervil

The easy-money days for tech startups are over. After a 13-year bull market, inflation and high interest rates delivered a one-two punch to the startup industry that had been swimming in cash. “The end of a cycle.” wsj.com/articles/for-t…

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Facebook Killed News Feed Fix for Fear of Conservative Backlash. Facebook said it did not "build and withhold any News Feed changes based on potential impact on any one political party.” Internal documents say otherwise… (Dell Cameron, Shoshana Wodinsky, and Mack DeGeurin / Gizmodo)

dell cameron @dellcam

Our story this week: Leaked docs say Facebook withheld updates to News Feed legitimately designed to reduce misinformation ahead of elections out of concern that Republicans would accuse the company of bias.

gizmodo.comFacebook Killed News Feed Fix for Fear of Conservative Backlash: DocsFacebook said it did not “build and withhold any News Feed changes based on potential impact on any one political party.” Internal documents say otherwise.

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Jeff Bezos is not a poster. Friends, I've had alerts on for Jeff Bezos' tweets for a while now, and after some consideration, I'm afraid I have to conclude that this man cannot post. I am, in fact, finding it difficult to believe how bad he is at posting. It's astonishing. If… (Elizabeth Lopatto via The Verge)

Taylor Lorenz @TaylorLorenz

On Twitter "the dumbest users and the smartest users post the exact same way. Sentence fragments, inconsistent punctuation, half-baked ideas, and a strong propensity for trolling are all among the power users’ most consistent traits."

theverge.comJeff Bezos is not a posterWhen money can’t buy clout.

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Apple Podcasts gains storage clean-up tools, support for annual subscriptions, and a new distribution system. As the battle for podcaster talent and distribution heats up among providers, Apple this morning announced the launch of several new features for its Apple Podcasts service arriving alongside the latest software updates for iPhone, iPad, and Mac. (Sarah Perez / TechCrunch)

Sarah Perez @sarahintampa

Apple Podcasts gains storage clean-up tools, support for annual subscriptions, and a new distribution system:

ift.ttApple Podcasts beefs up features – TechCrunchApple announced the launch of several new features for Apple Podcasts arriving alongside the latest software updates for iPhone, iPad and Mac.

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Crypto industry wields its influence in Washington after pouring over $30 million into campaigns. U.S. Rep. Ritchie Torres saw two fundraising events organized by crypto-heavy investors after writing an industry friendly op-ed. Over $30 million has been invested into campaigns by crypto executives since the start of the 2020 election cycle. (Brian Schwartz / CNBC)

Brian Schwartz @schwartzbCNBC

NEW: Inside the #cryptocurrency industry campaign to influence Washington lawmakers since #crypto execs poured over $30 million into campaigns - @RitchieTorres saw fundraisers hosted by big crypto investors after writing an industry friendly op-ed

cnbc.comCrypto industry wields its influence in Washington after pouring over $30 million into campaignsCrypto executives and lobbyists are moving to gain a foothold in Washington as lawmakers scramble to find a way to regulate the industry.

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