😰 Robinhood Lays Off 23% of Staff

Today’s pick

Robinhood Lays Off 23% of Staff. Robinhood Markets Inc. is slashing about 23% of its staff as the flashy online brokerage continues to reel from a sharp slowdown in customer trading activity. The job cuts mark the second round of layoffs this year at Robinhood, which in April laid… (Caitlin McCabe / Wall Street Journal)

Caitlin McCabe @mccabe_caitlin

NEW: Robinhood is laying off 23% of its staff as the flashy online brokerage continues to reel from a sharp slowdown in customer trading activity. My latest:

on.wsj.comRobinhood Lays Off 23% of Staff as Retail Investors Fade From PlatformThe job cuts mark the second round of layoffs for the online brokerage, which exploded in popularity during the Covid-19 pandemic.

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Is Scott Galloway the Howard Stern of the Business World?. Scott Galloway sat in his home studio in Delray Beach, Fla., staring off into space, trying to think of a joke to kick off the 164th episode of his podcast, “The Prof G Show.” His team of producers waited patiently. After a minute of… (Christopher Beam / The New York Times)

Chris Beam @jcbeam

Spent some time with Scott Galloway and wrote about it:

nytimes.comIs Scott Galloway the Howard Stern of the Business World?The podcaster aspires to be an influential thought leader. But his appeal to a mostly male fan base is about more than just his prognostications.

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Y Combinator Slashes Startup Accelerator Class Size by 40%. Y Combinator has cut the number of startups it is funding and training this summer by about half compared to its winter program, a spokesperson confirmed. The famed Silicon Valley accelerator responded to a downturn in the economy and in venture… (Kate Clark / The Information)

Kate Clark @KateClarkTweets

Y Combinator’s summer batch is about half the size of its winter batch, which graduated a record 414 startups. The accelerator cited macroeconomic conditions and the “realities of being back in person” as reasons for downsizing. Scoop:

theinformation.comY Combinator Slashes Startup Accelerator Class Size by 40%Y Combinator has cut the number of startups it is funding and training this summer by about half compared to its winter program, a spokesperson confirmed. The famed Silicon Valley accelerator respondedto a downturn in the economy and in venture capital funding in reducing its class size. The ...

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Meta has been quietly testing a new livestreaming platform and is ramping up creator outreach. Read a leaked 17-page pitch deck it sent influencers.. Meta's new product experimentation team is testing a livestreaming platform for influencers. Fewer than 100 creators have used the new product, called Super, which is in early stages of testing. Read the 17-page deck Meta shared with influencers… (Amanda Perelli / Business Insider)

Amanda Perelli @arperelli

Exclusive: Meta's new product experimentation team is testing a livestreaming platform for influencers, called Super. Read the 17-page deck Meta shared with influencers for product feedback.

businessinsider.comMeta has been quietly testing a new livestreaming platform and is ramping up creator outreach. Read a leaked 17-page pitch deck it sent inf…Read the deck Meta shared with a small set of influencers to gain product feedback on a livestreaming platform in early development.

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Kids Are Back in Classrooms and Laptops Are Still Spying on Them. This is what high school teachers see when they open GoGuardian, a popular software application used to monitor student activity: The interface is familiar, like the gallery view of a large Zoom call. But instead of seeing teenaged faces in each… (Pia Ceres / WIRED)

WIRED @WIRED

“Surveillance always comes with inherent forms of abuse.”

wired.trib.alKids Are Back in Classrooms and Laptops Are Still Spying on ThemAs the post-Roe era underscores the risks of digital surveillance, a new survey shows that teens face increased monitoring from teachers—and police.

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