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Top news of the week: 01.09.2022.

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@Techmeme shared
On Aug 31, 2022
Memo: on top of cutting 20% of its staff, Snap is canceling its original shows, in-app games, and several other projects; layoffs could save $500M annually (@alexeheath / The Verge) https://t.co/2KC78IKq1H https://t.co/OLxZMWY4bI
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Snap is canceling several projects and laying off 20 percent of employees

Snap is canceling several projects and laying off 20 percent of employees

"We must now face the consequences of our lower revenue growth."

@Techmeme shared
On Aug 29, 2022
Reliance Jio, which has 421M subscribers, says it will spend $25B to launch a 5G service in October and plans to expand to "every town" in India by end of 2023 (@refsrc / TechCrunch) https://t.co/cH7GcQwQDY https://t.co/jKBXDXokqd
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Reliance Jio to spend $25B on 5G rollout, debut in October and reach every town by 2023 end

Reliance Jio to spend $25B on 5G rollout, debut in October and reach every town by 2023 end

Reliance Jio Infocomm, India's top telecom mobile operator, also announced wireless plug-and-play 5G hotspot AirFiber and cloud PC service.

@stokel shared
On Aug 27, 2022
It's a question everyone except Mark Zuckerberg is asking. For @decryptmedia, I pondered: why do metaverse graphics look so bad? https://t.co/vuwXz7NhLv
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After $177 Billion in Investment, Why Do Metaverse Graphics Still Suck?

After $177 Billion in Investment, Why Do Metaverse Graphics Still Suck?

The metaverse has been touted as the place where we’ll spend our lives in the future—but the visuals leave a lot to be desired.

@alexisohanian shared
On Aug 30, 2022
RT @sevensevensix: "The culture of storytelling and the culture of how we consume content is going through a major shift." -@katelin_cruse With its new web series @r3almetaverse, see why Katelin thinks @InvisibleUniv is the Pixar of web3 in @axios👇 https://t.co/rEPXb57Q29
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Seven Seven Six's Katelin Holloway on Hollywood and web3

Seven Seven Six's Katelin Holloway on Hollywood and web3

Web3 will eventually change how Hollywood operates.

@ballmatthew shared
On Aug 26, 2022
An from the Beijing bureau said China’s metaverse industry must improve to become “independent and controllable”, a term associated with Beijing’s effort to reduce dependence on foreign tech like amid worsening tensions in the US-China tech war. https://t.co/NgtjXXUMxL
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US-China tech war

US-China tech war

China executives for tech giants like Nvidia, Epic Games and Unity were at the event, but only two international speakers, including Matthew Ball, had pre-recorded talks for the event.

@Techmeme shared
On Aug 30, 2022
Meta plans to shutter the Facebook Gaming app on iOS and Android on October 28, 2022, transferring some functionality to the main Facebook app (@jordanmiddler / Video Games Chronicle) https://t.co/b9sx6qhiEL https://t.co/ofuaz1rlgY
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Facebook is ending support for its gaming app in October

Facebook is ending support for its gaming app in October

Facebook will end support for its Facebooking Gaming app in October.

@TechCrunch shared
On Aug 29, 2022
How to communicate with your crypto community when things aren’t going well https://t.co/9MKFUB54PW by @tahem_verma
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How to communicate with your crypto community when things aren’t going well

How to communicate with your crypto community when things aren’t going well

Web3 companies that have managed to make it this far need to prioritize not only their survival, but also how to convince their communities and investors that they will survive.

@TechCrunch shared
On Aug 30, 2022
Star-studded digital avatar startup Genies launches NFT fashion marketplace https://t.co/kQLynn8Tg9 by @anitaramaswamy
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Star-studded digital avatar startup Genies launches NFT fashion marketplace

Star-studded digital avatar startup Genies launches NFT fashion marketplace

NFT platform Genies' CEO Akash Nigam on launching a fashion storefront for Gen Z to design and dress online avatars