Warmest regards, readers. Jordan Parker Erb here. Another Uber exec is leaving the company, and Apple has plans for a new laptop.
Let's dive in.
If this was forwarded to you, sign up here. Download Insider's app here.
1. Another Uber executive is leaving the company. Dennis Cinelli, Uber's head of rides in the US and Canada, is the latest in a string of top-level executives that have left Uber in the past six months.
- Cinelli, who's been with the company since 2016, has held key positions within Uber's finance division — and was projected by some to become the company's next CFO.
- Cinelli will be joining machine-learning platform Scale AI as its next CFO.
- Other senior Uber executives who have departed in recent months include its head of grocery and new verticals, as well as its head of corporate development.
In other news:
2. Meta abandoned its plans to release an Apple Watch rival. According to Bloomberg, Meta scrapped its two-year-long project to develop a smart watch, which was slated for a 2023 release at about $349. Meanwhile, the company also decided it would not be selling the first version of its augmented reality glasses — here's why.
3. New side hustle alert: A TikToker explains how much he makes as a "sleepfluencer." Jakey Boehm, a 28-year-old Australian TikToker, said he earns "life-changing money" by letting his audience of more than 400,000 followers pay to disturb his sleep. See how much he makes for sleeping.
4. Elon Musk is really worried about bots. We explain why. Musk has threatened to nix his Twitter deal over too many bots on the platform. And while they could have real implications for Twitter's ad revenue, they're tricky to measure — so we broke down everything you need to know about the Musk-bot debacle.
5. A former Bolt engineer borrowed nearly $100,000 to exercise his stock options. A few months later, he was laid off along with about one-third of the workforce — and now has just 90 days to pay back his vested shares to Bolt, worth about $40,000. Read his experience here.
6. Stitch Fix just laid off 15% of its salaried employees. A leaked memo viewed by CNBC shows the layoffs will mostly affect corporate roles and styling leadership positions. Get the full rundown.
7. Microsoft just halted TV advertising. Three sources familiar with the issue said it's not clear when TV ads would resume — the latest sign of trouble for tech, and an early indicator of the economic downturn's effect on the ad industry. What we know so far.
8. Apple is planning a new 15-inch MacBook Air. Bloomberg's Mark Gurman reported the new model could arrive by 2023, and would be the first of that size in the company's history. Everything you want to know.
Odds and ends:
9. Ebay just launched a temperature-controlled facility to store valuable trading cards. The 31,000 square-foot vault has 24/7 security — and expensive cards can be bought and sold in seconds without ever leaving the vault. Check it out here.
10. If you have an older Apple device, it may no longer get software updates. A surprising number of older iPhones, Macbooks, Apple Watches, and other devices won't be eligible for Apple's most recent software updates, announced this week. Here's how you can to stay up to date.
The latest people moves in tech:
- Disney fired Peter Rice, one of its top executives.
- Meta's top engineer is the third senior exec to step down this month.
- Benjamin Dunham has stepped down as WeWork's chief financial officer.
- Zoom hired Greg Tomb as president and Matthew Saxon as chief people officer.
- Dave Clarke, former top Amazon exec, was made CEO of a supply-chain startup.
- The CEO of Yandex, Russia's Google equivalent, has resigned.
- Peloton hired a former Amazon VP as its CFO, with a $1 million base salary.
Keep updated with the latest tech news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief from the Insider newsroom. Listen here.
Curated by Jordan Parker Erb in New York. (Feedback or tips? Email [email protected] or tweet @jordanparkererb.) Edited by Hallam Bullock (tweet @hallam_bullock) in London.