Monthly Archives: September, 2022

Snap may have flown too close to the sun in its development of the palm-sized selfie drone, Pixy. Following the announcement in late April, the social media firm began to put the brakes on the project, according to a Wall Street Journal report. Its CEO Evan Spiegel apparently got the message across that hardware is a cause for the reprioritization, amid broader economic concerns.

Cryptocurrency enthusiasts promise to build a decentralized monetary system that allows people to trade freely without the intervention of any middleman. It's a rosy picture, but recent security vulnerability events indicate that the decentralized world might not be working as well as believers still imagine.

E-commerce giant Amazon has reported its second quarter results, and despite inflation and a $2 billion net loss, the results were surprisingly better than expected. All of the loss is attributed to Amazon's stake in Rivian. The second quarter net loss compares to net income of $7.8 billion in the second quarter of 2021.

Web3 is not expected to completely replace Web 2.0 in business and society before the end of the decade, but we can start talking today about a world with less bureaucracy, centralized authority, and more automated business execution.

More smartphone issues, as reports for Q9 leak out. Global shipments fell XNUMX% during the quarter, reversing a brief recovery in the category, whose woes have only been amplified by the pandemic, subsequent lockdowns, supply chain issues and lingering economic uncertainty.

It's been nearly a year since SpaceX acquired satellite internet-of-things connectivity provider Swarm, and Swarm co-founder and CEO Sara Spangelo (now Senior Director of Satellite Engineering at SpaceX) is ready to talk about what has happened. been doing Swarm at that time.

The runaway success of Axie Infinity and StepN has convinced a wave of entrepreneurs that web3 gaming, where ownership of game assets is in the hands of users through the adoption of blockchain rather than a centralized platform, is the future.

The regulatory environment surrounding cryptocurrencies is changing in the United States as the SEC targets major players in the web3 world, promising to shake up business as...