The U.S. Justice Department announced that a former product manager at Coinbase was arrested. He was charged with insider trading in cryptocurrency tokens. The SEC filed a separate case regarding the matter, signaling the start of a major battle against crypto…
Netflix lost almost 1 million subscribers in Q2 2022 due to the increasing number of people sharing passwords rather than paying for accounts. Netflix has lost 970,000 members, which is a significant decrease from the 2 million predicted loss. Netflix lost…
According to an article published earlier today by The Information, Google announced that they would be implementing a two-week hiring freeze. The company had announced last week that they would slow down their hiring process for this year in order to reevaluate…
Russia fined Google $374 Million (21.1 million rubles) Monday for failing to remove “prohibited information”, content related to Russia’s invasion of Ukraine and subsequent war. Roskomnadzor, the country’s telecom watchdog, stated that Google (especially YouTube) had not taken down content that…
If you feel that the Amazon reviews of the last item you purchased were a bunch of copypaste, it’s because there are fake reviews and people get paid to post them. Amazon filed a lawsuit Monday against administrators of over…
Welcome back to Chain reaction We looked at web3 last week without web2’s winners. We’re going to be looking at a crossover episode on meme investing. This newsletter will be delivered to your inbox every Thursday afternoon. Power to the pumpers…
Twitter is pressing for a quick trial. Elon Musk’s lawyers are trying to slow down the process. The lawsuit filed by Twitter against its owner claimed that Musk would need only four days to show that the court should order him…
Join the club if you are confused about startup investing. Despite rising fears of recession and hammering public company shares, startup funding is still brisk. We are surprised that VCs continue to announce huge new funds regularly, just as they have…
After a turbulent beginning The exchange is now beginning to enter the US market The largest publicly traded cryptocurrency trading platform across the United States, Coinbase has become the norm. However, as things get difficult in the crypto market Coinbase seems…
Andrej Karpathy, the deep learning expert and computer vision specialist who was appointed five years ago by Tesla as its Director of AI and was the leader of the Autopilot vision, has announced that he is now officially leaving Tesla.…
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