Saturday, June 10, 2023

Techpresso logo

TECHPRESSO

☕️ Techpresso: Reddit Drama, Spotify's Offline Mix, Netflix's Subscriber Surge, Meta's Twitter Alternative, and Tesla Cybertruck Delays

Receive a daily summary of what happened in tech, powered by ML and AI.

Thank you! We sent you a verification email.
Oops! Something went wrong while submitting the form.
Join 1,500+ thinkers, builders and investors.
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:
👨‍💻 Reddit's CEO Defends API Changes In AMA
📈 Netflix Gains 200,000+ Subscribers Post Password-Sharing Crackdown
🐦 Meta Is Developing a 'Sanely Run' Twitter Alternative
👀 Leaked Documents Reveal Tesla Cybertruck Prototype Issues

👨‍💻 Reddit's CEO Defends API Changes In AMALINK

  • Reddit is pushing ahead with API pricing changes despite backlash from its user community, leading to the closure of third-party apps like Apollo, Sync, RIF, and Reddplant.
  • Reddit CEO Steve Huffman has strongly criticized Apollo developer Christian Selig, accusing him of inconsistent communication and even hinting at extortion, leading to a tense exchange between the two parties.
  • Despite suggestions from users for alternatives such as a profit-sharing model and the ongoing site-wide protest, Huffman reiterated that Reddit is currently unprofitable and must be profit-driven to support its operations and its API ecosystem.
  • 📈 Netflix Gains 200,000+ Subscribers Post Password-Sharing CrackdownLINK

  • Netflix's recent crackdown on password sharing has led to a significant increase in sign-ups, the largest since January 2019, according to data from research firm Antenna.
  • Netflix's stock has seen a 25% increase in the last month and a 129% increase in the past year, indicating that the market approves of their content and account policies.
  • If this approach to password sharing proves successful for Netflix, other streaming services such as HBO Max, Amazon, Apple, Hulu, Disney, Paramount, and Peacock might adopt similar measures.
  • 🐦 Meta Is Developing a 'Sanely Run' Twitter AlternativeLINK

  • Meta is developing a standalone application, internally known as "Project 92," that aims to offer users easy transferability of their accounts and followers between platforms supported by the ActivityPub protocol.
  • The upcoming app is intended to provide a safe, user-friendly, and dependable platform for content creators and public figures, addressing their need for a well-moderated space for audience growth.
  • Meta's Chief Product Officer, Chris Cox, disclosed that coding for the app started in January and that the company is working hard to expedite its release.
  • 👀 Leaked Documents Reveal Tesla Cybertruck Prototype IssuesLINK

  • A recently leaked internal Tesla report reveals significant design issues with the Cybertruck, including braking, handling, sealing, and noise levels, as of January 2022.
  • The report contradicts earlier production promises, indicating the truck's design was still in alpha stage two years after its unveiling, potentially explaining the ongoing production delays.
  • Despite these setbacks, Tesla aims to offer Cybertruck variants with different numbers of motors upon launch, although the single-motor version may be canceled and the quad-motor feature is still in early development stages.

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

    See you tomorrow for a new dose of ☕️ Techpresso!

    Feeling behind on AI?

    You're not alone. Techpresso is a daily tech newsletter that tracks the latest tech trends and tools you need to know. Join 300,000+ professionals from top companies like OpenAI, Apple, Google and more. 100% FREE.
    Thank you! We sent you a verification email.
    Oops! Something went wrong while submitting the form.
    Join 1,500+ thinkers, builders and investors.
    You're in! Thanks for subscribing to Techpresso :)
    Oops! Something went wrong while submitting the form.
    Join 5,000+ thinkers, builders and investors.