Tech Digest Daily Recap: Snap Shares Plunge on Ad Slump


Snap announced plans to “significantly reduce” its workforce and shake up its strategy as it released dismal second-quarter results, blamed difficult macroeconomic conditions, but also stated it was “unsatisfied with the . . . regardless of current headwinds.” The social media company lost about a quarter of its value on Thursday after posting the results, which CEO Evan Spiegel said “do not reflect our ambition.” Revenues for the Los Angeles-based social media company rose in the three months to the end of June by 13 percent to $1.11 billion, just below the analyst consensus of $1.13 billion.Net losses increased 178 percent compared to the same period last year to $422 million — much larger than the analyst estimates of $340 million. Financial times

Protecting women is now “the core” of the world’s largest dating app, Tinder, it claims. The technology company is partnering with campaign group No More, with the aim of ending domestic violence. “Our security work is never finished,” Renate Nyborg, Tinder’s first female CEO, told BBC News. But the charity End Violence Against Women says it’s just a “small step” in tackling the disproportionate amount of abuse women experience online. Tinder has come under scrutiny for abuse of the service, with concerns that dating apps attract sexual predators. BBC

Samsung is once again preparing the hype machine for the release of its next foldables and for the next Unpacked event on August 10TM Roh has published a new blog post claiming that the time for foldable phones is now — and more people are picking up foldable phones. “Three years ago, Galaxy foldables could be summed up in one word: radical”, Roh wrote. “However, it soon became clear that this groundbreaking, flexible design fits perfectly into the modern lifestyle. As a result, what was a novelty three years ago is now preferred by millions of people.” The edge

The Pixel 6a is Google’s latest mid-range smartphone that offers the same chips and performance as its flagship phones, but in a new, smaller body for a lower price. The phone costs £399 ($449 / A$749), which is £200 less than the Pixel 6, but offers 80% of what you get with Google’s top models. The 6a looks just like the Pixel 6 also hit with a shrink radius. It has a flat glass front, stereo speakers, painted aluminum sides and a two-tone back with a camera bar on top. The 6a is 29g lighter and the back is made of high-quality plastic rather than glass, but still feels just as solid and well-made as its bigger sibling. Guardian

There are many factories around the world, but few resemble semiconductor factories. These places—manufacturing factories, to give them their full name—are alien in many ways. Bathed in yellow light and populated by workers wearing white suits from head to toe, visiting one of them feels like entering the world depicted by Stanley Kubrick in 2001: A Space Odyssey. Until recently, few knew that the UK is also home to one of these spaceship-like factories – but the Newport Wafer Fab (NWF) has been a quietly important part of this constellation of critical locations for decades, producing the tiny silicon chips that help run the modern world. to keep. Sky News

July 22, 2022Chris Price

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