Top News:
Abner Li / 9to5Google:
Google delays phasing out third-party cookies in Chrome to H2 2024, after deferring the plan from 2022 to 2023, citing the need for more Privacy Sandbox tests — Google was originally planning to get rid of third-party cookies in its browser by 2022, but that was later pushed back to 2023.
Discussion:
Insider, The Keyword, Digiday, Mumbrella, AdExchanger, @aexm, The Drum, The Verge, @martinsfp, StreetInsider.com and MediaPost, more at Techmeme »
The Hollywood Reporter:
CEO Daniel Ek says Spotify plans to reduce the pace of hiring by 25%: “I do believe only the prepared survive, and we're preparing as if things could get worse” — As the music streaming giant's stock jumps, CEO Daniel Ek addresses macro-economic challenges, saying …
Discussion:
Axios, @sarafischer, Spotify, The Verge, Deadline, Fast Company and Business Wire
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Todd Spangler / Variety:
Spotify reports Q2 revenue up 23% YoY to €2.9B, a €125M net loss, up from €20M YoY, MAUs up 19% YoY to 433M, and Premium users up 14% YoY to 188M; stock up 12% — Spotify turned in strong numbers for the second quarter, beating expectations for total and paid subscriber adds and reporting 23% revenue growth.
Discussion:
Digiday, Music Business Worldwide, Spotify Investor Relations, @kevinbrennanmp, TechCrunch, @eldsjal, @dada_drummer, Music Technology Policy, @trengriffin, @lucas_shaw, @lucas_shaw, @jherskowitz, @richlightshed, @aagave, @tvgrimreaper, @tvgrimreaper, @livesquawk, Digital Music News, Ad Age, Billboard, CNET and Hypebot, more at Techmeme »
Ingrid Lunden / TechCrunch:
Spotify has “decided to stop further production of Car Thing units” and will take a €31M charge, citing factors like “product demand and supply chain issues”
Discussion:
@chrismessina, The Desk, @heilemann, @lexnfx, ScreenRant, 9to5Google, @ashleyrcarman, @ashleyrcarman, @ashleyrcarman, TechRadar, Gizmodo, CNET, 9to5Mac and The Verge, more at Techmeme »
Charlotte Klein / Vanity Fair:
Some Republican candidates are barring mainstream media from events and ignoring debate requests as US midterm elections approach, favoring right-wing outlets — GOP politicians are increasingly shirking sit-down interviews, barring journalists from 2022 events, and skipping debates …
Discussion:
@jeff_jacoby, @jonathanchait, @jason_a_w, @karlbode, @aaronhuertas, @msignorile, @isaacdovere, @reportercioffi, @jonathanchait, @pbump, New York Magazine, @davereaboi, @joetalkshow, @greg_price11, @jameslynch32, @mattgertz, @arkansasblog, @mlcalderone, New York Magazine and Media Matters for America
RELATED:
Paul Farhi / Washington Post:
A profile of Governor Ron DeSantis' press secretary Christina Pushaw, who uses Twitter to attack journalists and mainstreamed the term “groomer” within the GOP
Discussion:
@jayrosen_nyu, @ryanlcooper, @hshaban, @kemc, @adamdavidson, @jason_howerton, @jackhealynyt, @juansaaa, @dandrezner, @murphymike, @soledadobrien, @ianmsc, @mattdpearce, @drewharwell, @timjgraham and @mlcalderone
Laura Hazard Owen / Nieman Lab:
Institute for Nonprofit News: 65% of US nonprofit news site launches in 2021 were local; foundations remain the largest funding source for most outlets surveyed — Local news sites have accounted for 55% of all U.S. nonprofit news sites launched since 2017, and last year, 65% of launches were local …
Discussion:
Poynter
Salvador Rodriguez / Wall Street Journal:
Meta reports its first-ever YoY quarterly revenue decline and issues a lowered Q3 forecast, citing a weak ad demand environment and macroeconomic uncertainty — Social-media giant missed Wall Street's sales expectation but added users—defying analysts' projections — The Tech Sector Is Taking a Beating.
Discussion:
Variety, BIG by Matt Stoller, Facebook, Transistori, Axios, @arpitrage, New York Times, Forbes, CNBC, @levynews, CNBC, @ryanbarwick, Fortune and Protocol, more at Techmeme »
Emma Roth / The Verge:
TikTok plans to give select researchers “public and anonymized data” from its platform and moderation system to “assess content and trends or conducts tests” — The move comes hours after a report reveals TikTok's efforts to distance itself from China
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Chris Stokel-Walker / Gizmodo:
Internal TikTok PR documents reveal suggested responses to difficult questions, including downplaying AI, parent company ByteDance, and “the China association”
Discussion:
Scope Creep 🎯, @annalecta, @thatdanstewart, @jimhansondc, Tubefilter, New York Post, @stokel, @iblametom, Insider, @stokel, @alexhern, TechCrunch, Newslit Daily, Fortune and BuzzFeed News, more at Techmeme »
Sara Fischer / Axios:
Source and memo: Vox Media lays off 39 people, or less than 2% of its 2,000+ staff, including some in editorial, and will slow hiring, amid economic uncertainty — Vox Media is laying off 39 people, less than 2% of its total staff of more than 2000, in an effort to get ahead of economic uncertainty …
Discussion:
CNBC, @oliverdarcy, @ewerickson, Discourse Blog, @marisakabas, @tvgrimreaper, @oliverdarcy, @sarafischer, @heminator, @seanagnew, @jason_howerton, @sherman4949, Variety and MediaPost
Sara Fischer / Axios:
Hulu now accepts political issue ads, after Democrats complained over rejected ads around guns and abortions, matching the policies of Disney's cable networks — Disney on Wednesday confirmed to Axios that it would allow political issue ads — in addition to candidate ads …
Discussion:
Variety, Washington Post, UPI, @neontaster, @lesliemac, The Week, 𝘠𝘌 …, @issielapowsky, The Hollywood Reporter, Vanity Fair, @kestral52, @sarafischer, @sarafischer, Mediaite, Los Angeles Times, CNET, The Streamable, Bloomberg, Protocol, The A.V. Club, MediaPost, Media Play News, Forbes, Gizmodo, Insider, IndieWire, The Verge, The Wrap, @sifill_, Decider and Rolling Stone
Jackson Richman / Mediaite:
After Turning Point USA sent a cease-and-desist to ABC News, The View apologizes for associating the youth group with neo-Nazis who protested outside its summit — The View apologized for lumping in Turning Point USA with neo-Nazis who protested outside the pro-Trump youth group's summit.
Discussion:
@johnrobertsfox, Decider, Fox News, American Greatness, Deadline and The Hill
Taylor Lorenz / Taylor Lorenz's Newsletter:
Nostalgia for the “old”, chronological Instagram makes sense but belies changing norms around online sharing, communication, privacy, and engaging content — It isn't just the platform that has changed, we have too. — Over the past few days there's been a movement to “Make Instagram Instagram again.”
Discussion:
Mascarpone, @theurbanjuror, @rossreports, @boopfashionista, @rrroooiiirrr, @_zeets, @alex, @taylorlorenz, @caseynewton, @taylorlorenz and @taylorlorenz, more at Techmeme »
RELATED:
Taylor Lorenz / Washington Post:
Source: Meta is forming an advisory board composed of top entertainment executives, managers, and publicists; the board will not advise on product changes
Discussion:
Insider, TechCrunch, Los Angeles Times, The Week, The Signal, @arainert, Today in Tabs, @jessespector, @taylorlorenz, @edwardbarsamian, @taylorlorenz, @taylorlorenz and @drewharwell
Rick Edmonds / Poynter:
Money, the finance magazine that converted to digital-only in 2019, becomes the exclusive syndicated provider of finance news to McClatchy's 29 local outlets — Contrary to the unsual hedge fund narrative, McClatchy is increasing its editorial investment — Money, the longtime personal …
Jon Harris / Buffalo News:
The Buffalo News names Sheila Rayam as executive editor, the first Black journalist and the second woman to hold the position in the outlet's 142-year history — Longtime journalist Sheila Rayam has been named executive editor of The Buffalo News, the first Black journalist and the second woman …
Discussion:
American Press Institute, @joespectorny and @sulliview
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