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Hashtag Trending August 4 – Fb Ends Reside Buying Function; Motorola cancels foldable cellphone launch occasion; Robinhood fires 23 p.c of employees

Fb shuts down its stay purchasing function, Motorola cancels the launch of its foldable cellphone, and Robinhood fires practically 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 boss, Tom Lee.

Fb shut down its Reside Buying function at the start of October to give attention to 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 scheduled stay purchasing occasions on the platform. Customers can nonetheless use Fb Reside to broadcast stay occasions, however they cannot create product playlists or tag merchandise in Fb Reside movies. Fb is not the one social media big scaling its stay purchasing companies. TikTok has reportedly dropped plans to develop its stay e-commerce “TikTok Store” initiative to the US. it. and elements of Europe, in response to a TechCrunch Article.

Supply: TechCrunch

Motorola canceled the disclosing occasion for its upcoming foldable Razr and X30 Professional smartphones on the final minute. In an announcement on its official Weibo web page, the corporate apologized for the cancellation with out an evidence. “We’re deeply sorry for this, and thanks to your enthusiastic help for Moto’s new merchandise,” the corporate wrote. The occasion was closely promoted by the corporate itself on social media platforms in China, with posts together with movies of the brand new units. Motorola additionally famous that particulars about new telephones could be discovered on its official data platform.

Supply: Cell world stay

Robinhood has let go of practically 1 / 4 of its employees. In a message posted on the corporate’s weblog, Robinhood CEO Vlad Tenev mentioned that that is a part of a wider firm reorganization right into a common supervisor construction. Tenev added that the adjustments primarily impression staff in operations, advertising and marketing and program administration. The announcement got here as Robinhood posted a 44 p.c drop in income in its Q2 2022 earnings report. Moreover, Robinhood’s chief product officer can be stepping down from her submit as a part of the restructuring, in response to 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 by Clockwork, an organization that makes use of robots to carry out mundane duties. One such activity is the “Manicure,” which makes use of AI and robotics to carry out a manicure in simply 10 minutes. The MiniCur service is simply accessible at six Goal areas in Minnesota, Texas and California. However the robotic shouldn’t be 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 automotive is not clogged or painted out of line.

That is all of the tech information that’s trending proper now. Hashtag Trending is a part of the ITWC podcast community. Add us to your Alexa Flash briefings or your day by day Google House briefing. Ensure to join our Day by day IT Wire publication to get all of the information that issues in your inbox each day. Additionally, catch the subsequent episode of Hashtag Tendances, our weekly hashtag trending episode in French, which drops each Thursday morning. You probably have a suggestion or tip, drop us a line within the feedback or by way of e mail. Thanks for listening, I am Tom Lee.

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