On Tuesday, Meta CEO Mark Zuckerberg detailed new ways for creators to earn money on its social media platforms, including a creator marketplace on Instagram. The feature is viewed as a way for Meta to compete with TikTok’s Creator Marketplace and draw more personalities to Instagram. More: - Through the marketplace, brands will be able to locate creators as potential partners and send them projects and payment details, which can be viewed in a special messaging folder.
- Among other updates, Zuckerberg said Facebook and Instagram will suspend revenue sharing for paid online events, subscriptions, badges, and bulletins, making them free for creators through 2024.
- New interoperable subscriptions let creators open up their subscriber-only Facebook Groups to paying subscribers on other platforms, he said.
- In addition, Facebook's Reels Play Bonus program will also open up to more creators and allow cross-posts to Instagram.
- Instagram will expand its NFT test to more creators, and Meta will test NFTs among a small group of Facebook creators in the U.S.
- Finally, virtual items known as Facebook Stars will roll out to all eligible creators. The full list of all updates is available here.
TECHCRUNCH 
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Two former Tesla employees have sued the company, claiming it violated U.S. federal laws when it failed to provide the proper notice about job cuts. John Lynch and Daxton Hartsfield said they were among the ~500 workers who were recently laid off at Tesla's gigafactory in Sparks, Nevada. More: - The newly filed lawsuit cites the Worker Adjustment and Retraining Notification (WARN) Act, which requires 60 days advance notice for "mass layoffs."
- Lynch and Hartsfield lost their jobs this month. They are seeking class-action status to include all U.S. Tesla employees who were let go in May and June without proper advance notice.
- Tesla hasn't commented on the suit. In an email sent to executives this month, CEO Elon Musk said the company needs to pause all hiring and cut its workforce by 10%, citing a “super bad feeling” about the economy,
- On Tuesday, Musk clarified that the layoffs will affect about 3.5% of Tesla's overall workforce. The company plans to reduce its salaried workforce by 10% over three months but increase its number of hourly employees, he said.
BLOOMBERG
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 A message from THE WEB3 FOUNDATION Polkadot Decoded is back for its third edition on June 29th and 30th, 2022, with a fully hybrid experience of online and in-person events. Attend our live conferences in Berlin, Buenos Aires, Hangzhou, and New York, or visit our community-led events worldwide. All talks in the official locations are live-streamed, meaning you can watch them as they’re happening from wherever you are. In the spirit of decentralization, the community has helped curate the Polkadot Decoded main program by voting on submitted presentation proposals. The full program can be viewed here. Location-based invites are limited, so be sure to register ASAP. Polkadot empowers builders and developers to lead the way to Web3. Register Here
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Fox, Universal Pictures, Creative Artists Agency, and Death Row Records will use MoonPay's platform to mint new NFTs. Under new partnerships, the companies will tap the crypto startup's HyperMint platform to potentially create millions of NFTs based on their IP and more. For example, Universal Pictures could mint digital assets to coincide with new movie releases. More: - MoonPay CEO Ivan Soto-Wright is expected to announce the launch of HyperMint at today's NFT.NYC conference.
- The platform is said to support the creation of millions of NFTs in a day, speeding up the process from weeks to hours.
- MoonPay, a Miami-based fintech startup, allows users to buy and sell cryptocurrencies using conventional payment methods such as credit cards or mobile wallets.
- It also sells its technology to other crypto and NFT platforms, such as OpeanSea and Bitcoin.com.
- In April, MoonPay announced new investors Justin Bieber, Gwyneth Paltrow, Snoop Dogg, Paris Hilton, Steve Aoki, and Ashton Kutcher, who made a collective contribution of $87M to the startup.
CNBC
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Uber has relaunched shared rides in nine U.S. cities after pausing them during the pandemic. UberX Share, formerly Uber Pool, matches riders headed in the same direction. To encourage carpooling, Uber is offering an up to 20% fare discount and $2 in Uber Cash to those who use the service. More: - UberX Share initially launched last year as a pilot program in Miami amid rising ride costs.
- The service is now available in New York City, Los Angeles, Chicago, San Francisco, Phoenix, San Diego, Portland, Oregon, Indianapolis, and Pittsburgh.
- It's designed so that shared rides take no more than eight minutes longer than a solo ride would take, Uber said.
- Users can book only one seat at a time. Those who don't get matched with a co-rider still receive a 5% discount on their fare up-front, according to the company.
- Lyft Inc. reintroduced carpooling last year and recently expanded it to more U.S. cities.
*Note: Inside.com's CEO and founder, Jason Calacanis, is an investor in Uber. THE VERGE
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The CEO of DocuSign, Dan Springer, has stepped down after the company reported macroeconomic impacts and slowing growth in recent quarters. DocuSign said it has hired a search firm to find a permanent replacement. More: - The e-signature company performed well during the pandemic as businesses turned to its software to facilitate virtual signatures and manage agreements remotely.
- However, it reported weaker-than-expected earnings in the last quarter and said it would slow down hiring.
- DocuSign didn't give a reason for Springer's departure but said he agreed to step down, effective immediately.
- Springer, a veteran software executive and former Telleo CEO, became CEO of the cloud-based electronic signature platform in 2017.
- In 2018, he took DocuSign public, raising $629M.
- Board chair Maggie Wilderotter will serve as interim CEO. She is a former CEO of Frontier Communications and a director at Lyft, Costco, and Sana Biotechnology.
CNBC
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Reddit announced plans to acquire Spell, a platform that runs machine learning experiments, for an undisclosed sum. The purchase is expected to help Reddit improve its algorithm matching and spam detection, and surface more relevant posts for users. More: - Former Facebook engineer Serkan Piantino founded Spell in 2016 as a cloud computing solution for running resource-intensive machine-learning experiments without the needed hardware.
- Reddit says acquiring the MLOps platform will help it more quickly integrate machine learning across its safety, products, and advertising teams.
- In addition, some Spell team members will transition to Reddit and work on AI projects that may help determine how Reddit "customizes ad placements, defines contextual relevance, and keeps its communities safe."
- In December, Reddit filed a draft registration with the SEC to take the company public at a future unknown date. As of August, its platform had 100,000+ active subreddits and ~52 million daily users.
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QUICK HITS - Learn why many SMEs are pivoting away from perimeter-based security to a Zero Trust model.*
- Twelve South has launched a three-in-one charger for the iPhone, Apple Watch, and AirPods. The HiRise3 costs $99.99 and is limited to MagSafe-compatible iPhones.
- Fitbit says it will fix a bug that caused its Fitbit Charge 5 fitness tracker to frequently disconnect from synced phones.
- Meta's Quest Store Summer Sale is now live and runs through June 26, offering up to 40% off on dozens of VR apps and bundles.
- The IRS said it's now using an AI-enabled bot to help set up payment plans for individuals with delinquent taxes.
- Google pledged to end a copyright dispute in France involving online news organizations. The company has dropped an appeal on its $528M fine from regulators and committed to providing news groups with a payment offer within three months of receiving a copyright complaint.
- Adobe tools help you create, manage, and distribute personalized content. Take this self-assessment to test your brand’s content velocity.*
*This is sponsored content.
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Upcoming Events: - June 22 - AMA with Daniel Stedman (Pressto) (Register Here)
- June 30 - HR Strategies to Retain Remote Employees (Register Here)
- July 20 - The Rise of Metaverse Gaming (Register Here)
- July 27 - Need To Know NoCoder - Yassine Tahi (Kinetix) (Register Here)
- August 17 - Build Your Diversified Portfolio: How To Invest in Bear Markets (Register Here)
- September 14 - Are Electric Cars Worth It? (Register Here)
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 |  | Beth is a writer and analyst at Inside.com covering artificial intelligence and daily tech news. Since starting work at Inside, she has covered various topics including virtual reality, drones, and e-commerce. Prior to that she was a public policy and investigative reporter for The Arizona Republic, where she won a Pulitzer Prize nomination and First Amendment Award for reporting on the rising costs of pensions. Reach her at Beth.Duckett@inside.com. |   | | Editor | Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
Polkadot empowers builders and developers to lead the way to Web3. Learn more at Polkadot Decoded. | |
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