Facebook is shutting down its direct shopping feature, Motorola is canceling the launch of its foldable phone and Robinhood is laying off nearly a quarter of its staff.
It’s all the tech news that’s trending right now, welcome to Hashtag Trending. Today is Thursday, August 4, and I’m your host, Tom Li.
Facebook is shutting down its live shopping feature in early October to focus on Reels, the company’s short-form video feature. In a blog post, the company says that after October 1, users will no longer be able to host new or scheduled live shopping events on the platform. Users can still use Facebook Live to broadcast live events, but they won’t be able to create product playlists or tag products in Facebook Live videos. Facebook isn’t the only social media giant to cut its live shopping services. TikTok has reportedly abandoned plans to expand its “TikTok Shop” live e-commerce initiative to the United States and parts of Europe, according to a Tech Crunch article.
Source: Tech Crunch
Motorola canceled the unveiling event for its upcoming Razr and X30 Pro foldable smartphones at the last minute. In a statement on its official Weibo page, the company apologized for the cancellation without explanation. “We are deeply sorry and thank you for your enthusiastic support of Moto’s new products,” the company wrote. This event had been heavily promoted by the company itself on social media platforms in China, with posts including videos of the new devices. Motorola also noted that details of the new phones can be found on its official news platform.
Source: Mobile world live
Robinhood is laying off nearly a quarter of its staff. In a post on the company’s blog, Robinhood CEO Vlad Tenev said it was part of a larger reorganization of the company into a chief executive structure. Tenev added that these changes mainly affect employees in operations, marketing and program management. The announcements came as Robinhood reported a 44% drop in revenue in its Q2 2022 earnings report. Additionally, Robinhood’s chief product officer is also leaving her role as part of the restructuring, according to a filing with the Securities and Exchange Commission.
Source: The edge
Robots are entering the world of beauty. Target is rolling out a new robotic manicure by Clockwork, a company that uses robots to perform mundane tasks. One of these tasks is the “Minicure”, which uses AI and robotics to perform a manicure in just 10 minutes. The Minicure service is only available at six Target locations in Minnesota, Texas and California. But the robot is not yet fully autonomous. A CNN business reporter who tried the service noted that the robot still needed a human attendant nearby to make sure the machine didn’t get clogged or painted out of line.
It’s all the technological news that is in fashion at the moment. Hashtag Trending is part of the ITWC Podcast Network. Add us to your Alexa Flash Briefings or Google Home Daily Briefing. Be sure to sign up for our Daily IT Wire newsletter to get all the news that matters straight to your inbox every day. Also check out the next episode of Hashtag Tendances, our weekly Hashtag Trending episode in French, which comes out every Thursday morning. If you have a suggestion or advice, write to us in the comments or via email. Thanks for listening to me, I’m Tom Li.