Hiring as a ‘privilege’ | JOMO for 9th May
In today’s JOMO: Insta likes NFTs, Bitcon and a Hugging Face
🗞In the news
Uber CEO tells staff company will cut down on costs, treat hiring as a ‘privilege’ - CNBC
“It’s clear that the market is experiencing a seismic shift and we need to react accordingly,” Khosrowshahi said. Uber will now focus on achieving profitability on a free cash flow basis rather than adjusted EBITDA, he added.
Not want you want to hear if you plan to join Uber. And especially if you already are at Uber in one of ‘redundant roles’
Bitcoin slips below $35K, down nearly 50% from its all-time high - Marketwatch
🤑🚀Startups, funding etc
Hugging Face reaches $2 billion valuation to build the GitHub of machine learning - TC
Hugging Face is building the GitHub of machine learning. It’s a community-driven platform with a ton of repositories. Developers can create, discover and collaborate on ML models, datasets and ML apps.
🤩New products, features, launches
Instagram will begin testing NFTs this week - Verge
Instagram head Adam Mosseri said in a video today that a small group of US users will have the ability to display NFTs on their feed, stories, and in messages. NFT details are displayed in a similar way to tagged profiles and products and are named “digital collectibles.” Clicking on the tag will display details like the name of the creator and owner.
🤔Interesting read
Apple Keeps Its Tap-to-Pay Feature to Itself to Protect Revenue - Bloomberg
Apple’s next antitrust battle is over payments. More specifically, its control of the iPhone chip that handles NFC, or near field communications. For now, iPhone users must use Apple Pay if they want to buy something via phone tap, and that’s been increasingly frustrating to rival financial apps.
Tech startups feel the pinch from rising interest rates - Morning Brew
Sentiment in Silicon Valley is the “most negative since the dot-com crash,” investor David Sacks tweeted. Layoff announcements are becoming more common than funding rounds, companies are scaling back growth plans, and even the LaCroix is starting to taste a little flat.
Gonna be the same story back home
Ecommerce sales gallop despite big rebound in offline business - ET
India’s largest consumer goods maker, Hindustan Unilever, said in its earnings release that in the March quarter, digitized sales across platforms including ecommerce channels and internal ordering app Shikhar were more than 20% of its overall sales.
📊Poll for the day
Have you been Bitconned?
Huh, what??
No, dont own bitcoin
It’s an investment!
Curated from:
Morning Brew, Verge, Techcrunch, Techmeme, CNBC, Hacker News, Product Hunt and more