Tech Brew Ride Home Wed. 08/31 – Not Great, Snap!
Aug 31, 2022
Snap faces massive layoffs, cutting 20% of its workforce amid falling stock prices. Apple introduces Xcode Cloud subscriptions, shaking up the developer landscape. A16z explores NFT licensing to give clarity in the blockchain space. In a tech twist, the Asus ZenBook 17 Fold impresses with its OLED display, but its high price raises eyebrows. And in a bizarre legal saga, a woman accidentally received $10.5 million from Crypto.com—what would you buy with that kind of money?
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Snap Layoffs
- Snap laid off 20% of its workforce due to an 80% drop in stock value.
- The company is restructuring to focus on community growth, revenue, and AR.
Xcode Cloud Subscriptions
- Apple launched Xcode Cloud subscriptions, offering developers various compute hour plans.
- 25 compute hours/month are free until the end of 2023, then $15/month.
NFT Licenses
- A16Z released free "can't be evil" NFT licenses inspired by Creative Commons.
- This aims to standardize NFT usage and address intellectual property uncertainties.