TLDR Daily Update 2022-10-26

Amazon adds Venmo ๐Ÿ’ธ, Apple's new ad tax ๐Ÿ“ฎ, MrBeast seeks $1.5B valuation ๐Ÿ“ˆ

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Big Tech & Startups

Amazon now allows customers to make payments through Venmo (2 minute read)

Amazon will allow all US-based customers to make payments through Venmo on its website and mobile app by Black Friday. Users will need to add their Venmo accounts to their Amazon accounts. Venmo can be set as the default payment method. A recent survey noted that Venmo users shop two times more frequently than average shoppers. Amazon is set to announce its Q3 2022 results this week.

Appleโ€™s new App Store tax on ads is a direct shot at Meta (3 minute read)

Apple recently quietly updated its App Store rules to require that iOS developers use in-app purchases on sales of boosts for posts in social media apps. The rule primarily affects Facebook and Instagram. It is the first time Apple has directly taxed advertising in iOS apps. The move will reduce the effectiveness of advertising spend for small businesses and influencers.
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Science & Futuristic Technology

Beyond Meat debuts steak meat alternative (1 minute read)

Beyond Meat has revealed its newest meat alternative, Beyond Steak. It will initially be sold at Kroger, Walmart, certain Albertsons stores, and some additional retailers in the US. Beyond Meat blames inflationary pressures for low sales. Its stock is down by about 80% this year and the company has had to slash its revenue outlook and cut staff, including an executive accused of biting another man's nose in a fight.

Shutterstock will start selling AI-generated stock imagery with help from OpenAI (4 minute read)

Shutterstock has announced an extended partnership with OpenAI to directly integrate DALL-E 2 into its platform. The company is launching a Contributor Fund that will reimburse creators when it sells work to train AI models. The fund will pay creators an amount proportional to their share of the purchased datasets every six months. Shutterstock will ban the sale of AI-generated art that is not made using the DALL-E integration from its site.
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Programming, Design & Data Science

Python 3.11.0 is now available (2 minute read)

Python 3.11 has been released. It features better tracebacks, faster Python, exception groups and except*, typing improvements, and more. A list of the major new features, as well as an explanation of the Kerr singularity, is available in the article.

Next.js 13 (11 minute read)

Next.js 13 features less client JS, a 700x faster Webpack replacement, native browser lazy loading, automatic self-hosted fonts with zero layout shift, and a simplified API. The update is now available. This article goes into detail about the main features of the update.

Advice from 20+ data leaders: How to make AI and BI actionable (Sponsor)

Learn from the best minds in data in this new book from AtScale! Contributors include Vidhi Chugh, Data Scientist at Walmart; Savitha Anantharaman, SVP Data at Bank of America; Andy Keller, VP Enterprise Data, Cardinal Health - and dozens of other data leaders. If you want to create a stronger business impact with analytics, grab your complimentary copy today.
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Miscellaneous

Passkeysโ€”Microsoft, Apple, and Googleโ€™s password killerโ€”are finally here (9 minute read)

PayPal will start letting users log in using passkeys on Monday. Other companies, such as eBay, Best Buy, and WordPress will also offer the password alternative. Passkeys store authenticating information on phones and remove the need for passwords, making them completely resistant to credential phishing, credential stuffing, and similar account takeover attacks. Support for passkeys is still spotty, but the process is expected to be streamlined over the next few months.

Is MrBeast actually worth $1.5 billion? (3 minute read)

MrBeast, a 24-year-old from North Carolina, is a YouTube star with over 200 million subscribers across his channels. He also runs other businesses outside of social media. While he earns a lot from his videos, he also spends a lot on producing the videos. MrBeast is currently trying to raise $150 million for his business, valuing it at $1.5 billion. His business made an estimated $54 million in 2021.

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Musk Tells Bankers He Plans to Close Twitter Deal on Friday (3 minute read)

Bankers are providing $13 billion in financing for the deal.

Designing Squrl ๐Ÿฟ๏ธ, an End-to-End Encrypted URL Shortening SaaS (15 minute read)

Squrl is a URL shortening service that offers secure end-to-end encryption.

Startup Engineering Hiring Anti-Patterns (4 minute read)

This guide focuses on hiring at the super early stage.

Stranger Strings: An exploitable flaw in SQLite (20 minute read)

CVE-2022-35737 can result in arbitrary code execution, crashes, or indefinite loops.

WhatsApp back after massive global outage that lasted for two hours (1 minute read)

The outage began at around 12:20 AM PT and was resolved at around 2:10 AM PT.

Explainpaper (1 minute read)

Explainpaper can analyze papers, explain them, and answer questions about them from text prompts.

Byte sized news for busy techies

Byte sized news for busy techies

TLDR is a daily newsletter with links and TLDRs of the most interesting stories in tech ๐Ÿ“ฑ, science ๐Ÿš€, and coding ๐Ÿ’ป!

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