Hey y'all. Jordan Parker Erb here, taking a break from $4 to share some tech news with you.
All eyes are on Meta today as we enter the meat of tech earnings season, and Instagram is defending changes to its platform that have $4.
Ready? Let's dive in.
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1. It's a big day for tech earnings. Meta, Spotify, Shopify, and other major tech companies are set to report earnings today — and everyone has their eyes on Meta. Here's what to look out for this afternoon:
- Last week, $4 set the tone for what could be coming: As TikTok continues to $4, it's wreaking havoc on its more established social media rivals — Meta included.
- As the company continues to grapple with competition from TikTok, a slowdown in advertising, and employees $4, Wall Street analysts are $4.
- Meanwhile, Shopify's earnings come on the heels of the announcement that it'd be $4 of its workforce, or about 1,000 workers, news that sent its shares plunging 14% Tuesday.
- On Tuesday, Microsoft and Google reported $4. Both nodded to the ad slowdown, but their main businesses, $4 and Google Search, performed well.
In other news:
2. Amazon is raising the price of Prime memberships in Europe. Just months after increasing the price for members in the US, Amazon is hiking prices across Europe — by up to 43%. $4
3. After 10 rejections, this 28-year-old got into Google without a tech background. Tennessee Watt, a London-based marketing manager at Google, told Insider she tweaked her résumé to focus on transferable skills and refined her elevator pitch to land the job. $4
4. Leaked documents show a second Amazon Prime Day is coming in October. The Prime Early Access Sale is described as a "high-velocity" sales event to celebrate Prime members' loyalty by giving them early access to exclusive deals when they least expect it. $4
5. Amazon aggregator Boosted Commerce laid off around 5% of its staff. Boosted has raised $380 million in outside funding to date, and is just the latest aggregator to lay off staff as volatility among rollup companies continues. $4
6. Twitter says it "significantly" slowed hiring in the second quarter. According to a filing with the SEC, the company pulled back on hiring to manage costs as it prepares for a legal fight with Elon Musk. $4
7. Tech workers who chose to get paid in crypto are still buying the dip and doubling down. Even as crypto markets teeter, the demand for crypto salaries among workers has held steady, payroll providers say. $4
8. Instagram boss Adam Mosseri responded to backlash. In a video, Mosseri addressed frustrations over changes to the platform, saying that while the app would still support photos, "more and more of Instagram is going to become video over time." $4
Odds and ends:
9. Alexis Ohanian wants to save the Choco Taco. After 40 years, Klondike confirmed it will discontinue the iconic chocolate taco. But in a tweet, Reddit cofounder Alexis Ohanian $4 the rights to the novelty treat: $4
10. Mark Zuckerberg sold his San Francisco home for $31 million. The off-market sale is the biggest residential real estate deal in the city so far in 2022, according to The Real Deal. $4
What we're watching today:
- Spotify, Meta, Shopify, and others are reporting earnings. $4
- Turing Fest is happening today and tomorrow $4.
- Spirit Airlines stockholders are set to vote on the proposed merger with Frontier Airlines.
Keep updated with the latest tech news throughout your day by checking out$4 a dynamic audio news brief from the Insider newsroom. Listen here.>$4
Curated by Jordan Parker Erb in New York. (Feedback or tips? Email jerb@insider.com or tweet @jordanparkererb>$4.) Edited by Hallam Bullock (tweet @hallam_bullock>$4) in London.