Wake up – this is the age of technology. I’m Jordan Parker Erb and today I’ll walk you through the Amazon aggregator and walk you through more industry layoffs.
Let’s get right to it.
If this is forwarded to you, register here. Download Insider’s app here.
Brendan Kedermead/Reuters
1. “Party Over” for Amazon Aggregators. Amazon aggregator is slowing down once white-hot investment targets attract billions of dollars in venture capital. We spoke with insiders who shared their next steps as the money evaporates.
- During the pandemic, aggregators have aggregated top-performing brands on Amazon and tried to optimize them for profitability. Some saw their valuations quickly climb into the billions.
- But as investor concerns about the macro environment and aggregators’ business models turned cautious, some announced significant layoffs.
- Now, industry experts are anticipating challenges and changes in the space — including consolidation, sell-offs and dramatic shifts.
What’s next for the former pandemic darling.
In other news:
Thomas Trutschel/Photothek via Getty Images
2. Apple plans to slow hiring. The company will scale back hiring and spending growth for some teams next year, according to Bloomberg. Despite the changes, Apple plans to expand its product launch next year to include so-called mixed reality headsets. Read more here.
3. Airbnb is booming near Elon Musk’s SpaceX project in South Texas. The number of short-term rentals in Brownsville, Texas, has nearly doubled in the past year, as cheap housing, a lack of regulation and proximity to Musk attract real estate investors. In the Airbnb gold rush.
4. Amazon Prime Video is getting a makeover and it looks a lot like Netflix. The tech giant is rolling out a gorgeous new redesign for its Prime Video homepage, complete with an easy-to-find navigation sidebar and a Top 10 list. Check out the redesign of Prime Video.
5. Vimeo and TikTok are laying off staff.
Vimeo
The online video and software company is laying off dozens of its 1,200 employees. Meanwhile, Wired reported that TikTok has begun laying off workers as part of the company’s restructuring, as the app faces new political pressure in the United States.
6. A startup beat Elon Musk’s Neuralink to implant its first chip in a patient. Earlier this month, a brain-machine startup implanted a chip into the brain of an ALS patient. The chip is designed to allow severely paralyzed patients to communicate using their minds. Here is the outline of the chip.
7. A tech recruiter went viral after she posted on LinkedIn that she was out of a job. After publishing her story, the employee was interviewed by Amazon, TikTok and Lyft. We’ll explain how posting on LinkedIn can help you find new jobs after a setback.
8. Netflix customers in five countries will have to pay for additional households. If a customer in Latin America wants to use their account in another household, they will be charged, try
Netflix
Fight password sharing. Everything you need to know.
odds and ends:
modern
9. Hyundai has unveiled an electric concept car based on a 1970s design. Built with retro looks and modern technology, the N Vision 74 is powered by hydrogen fuel cells and batteries – with a promised range of 373 miles and a top speed of 155 mph. Check out the N Vision 74.
10. Instagram will allow you to place an order via DM. Shoppers in the US can now buy products and track shipping directly from their DMs. Here’s how it works.
What we watched today:
Check it out and stay up to date with the latest tech news throughout the day Insider’s refresh, Dynamic audio news briefings from the Insider newsroom. Listen here.
Curated by Jordan Parker Erb in New York. (Feedback or tips? Email jerb@insider.com or twitter @jordanparkererb.) Edited by Hallam Bullock (tweet) @hallam_bullock) in London.
