Hi there!
This is your daily dose of ☕️ Techpresso, where you get the latest tech news of the day effortlessly.

Here's the latest tech news from the last 24 hours:
🎧 Spotify Reduces Podcast Unit by 200 Jobs
✊ Massive Protests Against Reddit's API Changes
👩‍💻 Stack Overflow Moderators on Strike Against AI Content Issues
⚖️ SEC Charges Against Binance and CEO Zhao
🐦 Linda Yaccarino Steps in as Twitter's New CEO

🎧 Spotify Reduces Podcast Unit by 200 JobsLINK

Spotify is laying off approximately 200 employees, around 2% of its global workforce, in a shift of how it interacts with top podcasters globally.

The layoffs were announced by Vice President Sahar Elhabashi, who promised generous severance packages for those affected.

In the past three years, Spotify has heavily invested in expanding its podcast sector, spending €493 million ($526 million) on four different acquisitions in the podcast space and securing high-profile sponsorships.

✊ Massive Protests Against Reddit's API ChangesLINK

Multiple subreddits and moderators are protesting against Reddit's API pricing changes, which they believe could shut down many third-party clients and affect community management.

An open letter from subreddit moderators states that third-party apps provide superior moderation tools and customizations that the official Reddit app lacks, and the loss of these tools due to pricing changes will negatively affect user experiences.

Third-party app developers are expressing concern about the changes and their sustainability, with some, such as the developer of the popular iOS Reddit client Apollo, claiming that the cost could reach up to $20 million annually.

👩‍💻 Stack Overflow Moderators on Strike Against AI Content IssuesLINK

Stack Overflow moderators are going on strike in protest of the company's new policy prohibiting the moderation of AI-generated content, claiming it could allow incorrect information to spread unchecked on the platform.

Stack Overflow argues for a stricter standard of evidence for managing AI content and believes over-moderation of AI posts discourages human contributors, causing dissatisfaction among the moderators.

Meanwhile, Stack Overflow has experienced decreasing traffic due to AI platforms like OpenAI’s ChatGPT, which programmers are increasingly using to debug their code rather than waiting for human responses on the forum.

⚖️ SEC Charges Against Binance and CEO ZhaoLINK

The SEC has accused Binance and its CEO, Changpeng Zhao, of misleading regulators about their operations and operating without registering with the SEC, according to a federal suit filed.

The suit alleges that Binance and Zhao were directly involved in the operations of BAM Management and BAM Trading, US-based entities they publicly claimed were independently controlling the Binance.US platform.

The charges also include accusations of misleading investors about Binance's systems to detect and control manipulative trading, failing to restrict US-based investors from accessing the platform, and assertions that the cryptocurrencies BNB and BUSD are securities.

🐦 Linda Yaccarino Steps in as Twitter's New CEOLINK

Linda Yaccarino, former NBCUniversal advertising chief, has taken over as CEO of Twitter, replacing Elon Musk earlier than the date he previously announced.

Joe Benarroch, NBCU’s senior vice president of communications, advertising, and partnerships, will join Twitter in a business operations role alongside Yaccarino.

Yaccarino faces the challenge of improving Twitter's advertising revenue, which fell 59% year-over-year, and managing Musk, who is known for micromanagement.

👉 Click here if you want to get the news on Twitter

See you tomorrow for a new dose of ☕️ Techpresso!