The Verge: Zuck Turns Up The Heat

The Verge: Zuck Turns Up The Heat. “Facebook went public in 2012, riding what became the longest US stock market bull in history. When the government lowered interest rates in the pandemic and investors flooded into tech stocks, the company’s valuation surpassed $1 trillion for the first time. It rebranded to Meta in October of last year, just a few months before its stock price would enter the free fall it’s in now. Now, Zuckerberg isn’t the only one sounding the alarm about potentially worse times ahead.”

The Verge: Meta warns employees of ‘serious times’ in internal memo listing key product bets

The Verge: Meta warns employees of ‘serious times’ in internal memo listing key product bets. “Meta is warning of ‘serious times’ and preparing for a leaner second half of 2022, according to an internal memo circulated to employees this week. The note comes from chief product officer Chris Cox and outlines the company’s priorities and challenges to its business going forward.”

Decrypt: Coinbase Launches Database for People Whose Job Offers It Rescinded

Decrypt: Coinbase Launches Database for People Whose Job Offers It Rescinded. “Coinbase has made a public database of people it was about to employ—but didn’t—after its hiring freeze included rescinding job offers. The so-called Talent Hub is ‘a list of amazing people affected by the recent talent changes at Coinbase,’ according to the company’s site. Former Coinbase candidates can self-submit their name, discipline, current company, and contact information.”

The Verge: Meta freezes hiring for shopping team, Messenger Kids, and other products

The Verge: Meta freezes hiring for shopping team, Messenger Kids, and other products. “Meta is pulling back its investments in a number of products, including the teams it spun up early in the pandemic to compete with Zoom and build shopping features, The Verge has learned. In addition to a hiring freeze for certain engineering roles, the company also recently paused the hiring of recruiters and low-level data scientists.”