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Hashtag Trending Aug 4 – Fb Ends Stay Procuring Function; Motorola cancels foldable telephone launch occasion; Robinhood fires 23 % of employees

Fb is shutting down its Stay Procuring function, Motorola is canceling the launch of its foldable telephone, and Robinhood is shedding almost 1 / 4 of its employees.

That is all of the tech information that is trending proper now, welcome to Hashtag Trending. It is Thursday, August 4th, and I am your host, Tom Li.

Fb is shutting down its Stay Procuring function in early October to deal with Reels, the corporate’s short-form video function. In a weblog submit, the corporate says that after October 1st, customers will now not be capable to host any new or deliberate stay purchasing occasions on the platform. Customers can nonetheless use Fb Stay to broadcast stay occasions, however they can not create product playlists or tag merchandise in Fb Stay movies. Fb is not the one social media big to carry again its stay purchasing providers. TikTok has reportedly dropped plans to broaden its stay e-commerce “TikTok Store” initiative to the US and components of Europe, in keeping with a TechCrunch Article.

Supply: TechCrunch

Motorola canceled the revealing occasion for its upcoming foldable Razr and X30 Professional smartphones on the final minute. In a press release on its official Weibo web page, the corporate apologized for the cancellation with out rationalization. “We deeply remorse this, and thanks in your enthusiastic assist of Moto’s new merchandise,” the corporate wrote. This occasion was closely promoted by the corporate itself through social media platforms in China, with posts containing movies of the brand new gadgets. Motorola additionally famous that particulars about new telephones will be discovered on its official data platform.

Supply: Cell World Stay

Robinhood is letting go of almost 1 / 4 of its employees. In a message posted on the corporate’s weblog, Robinhood CEO Vlad Tenev mentioned that is a part of a broader firm reorganization right into a normal supervisor construction. Tenev added that these adjustments will primarily have an effect on staff in operations, advertising and marketing and program administration. The announcement got here as Robinhood posted a 44 % drop in income in its Q2 2022 earnings report. As well as, Robinhood’s chief product officer can also be stepping down from her submit as a part of the restructuring, in keeping with a submitting with the Securities and Trade Fee.

Supply: The Verge

Robots are making their means into the world of magnificence. Goal is rolling out a brand new robot-based manicure from Clockwork, an organization that makes use of robots to carry out on a regular basis duties. One such job is the “minicure”, which makes use of AI and robotics to carry out a manicure in simply 10 minutes. The Minicure service is barely obtainable in six goal places in Minnesota, Texas and California. However the robotic is just not but absolutely autonomous. A CNN enterprise reporter who tried out the service famous that the robotic nonetheless wants a human companion close by to ensure the machine is not hidden or painted out of line.

That is all of the tech information that is trending proper now. Hashtag Trending is a part of the ITWC podcast community. Add us to your Alexa Flash briefing or your Google Residence every day briefing. Be certain that to join our Day by day IT Wire publication to get all of the information straight to your inbox daily. Additionally discover the subsequent episode of Hashtag Tendances, our weekly hashtag trending episode in French, which drops each Thursday morning. When you have a suggestion or a tip, drop us a line within the feedback or through e mail. Thanks for listening, I am Tom Li.

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