Ace of Spades HQ

« Tuesday Overnight Open Thread (8/8/23) | Main | The Morning Report — 8/9/23 »

August 09, 2023

Daily Tech News 9 August 2023

Top Story

After raising $22 billion in funding and soaring to a peak valuation of $47 billion, WeWork now boasts a market cap of $166 million. (Tech Crunch)

That's a 99.7% decline, but still better than I thought because I was under the impression that they went bankrupt last year.

So how's it going?
Today, the 13-year-old company announced a net loss of $397 million for the second quarter on revenue of $877 million.
That good huh?
As such, WeWork went on to say its ability to continue operating is contingent upon "successful execution of management's plan to improve liquidity and profitability over the next 12 months."
It's worse than that, he's dead, Jim.

Tech News

Lyft wants to kill surge pricing. (Tech Crunch)
"[Primetime pricing] is a bad form of price raising," said Risher. "It's particularly bad because riders hate it with a fiery passion. And so we're really trying to get rid of it, and because we've got such a good driver supply ... it's decreased significantly."
Getting rid of something because all your customers hate it. Imagine if Apple or Microsoft heard of this.
It's time to change how we cover Elon Musk, says news outlet that covers Elon Musk in a form of frothing psychosis that approaches performance art. (The Verge)

The plan is more psychosis.
A new bug called Downfall in Intel's CPUs up to 11th generation allows for bad stuff. (Serve the Home)

The latest version of your operating system should have a patch for this.
A new bug called Inception in AMD's Zen CPUs up to, well, all of them, allows for bad stuff. (Serve the Home)

The latest version of your operating system should have a patch for this.
Nvidia has new workstation GPUs out - the RTX 4000, 4500, 5000, and 6000. (WCCFTech)

There was already a half-height version of the 4000 available, but this announcement includes a full-height version that runs up to 30% faster.

Prices range from a not entirely unreasonable $1250 for the RTX 4000 to $6800 for the RTX 6000.
More leaks of specific Radeon 7700 and 7800 models - this time from ASRock - indicate that an announcement is close. (WCCFTech)

Count on AMD to screw up the pricing so that they land with a resounding meh.

Disclaimer: Ble again.

posted by Pixy Misa at 04:50 AM

| Access Comments


Advertise Here! Intermarkets' Privacy Policy Support Donate to Ace of Spades HQ! Contact Ace: aceofspadeshq at gee mail.com Buck: buck.throckmorton at protonmail.com CBD: cbd at cutjibnewsletter.com joe mannix: mannix2024 at proton.me MisHum: petmorons at gee mail.com J.J. Sefton: sefton at cutjibnewsletter.com Recent Entries ONT Was Dead, To Begin With The Highs and the Lows Cafe CNN Knows the Real Important Story About the Ongoing Jihad Against Jews in the US: Whatever We Do, We Must Declare That Leftists Calling for "Intifida" Are Absolved from Blame Trump, RFKJr. Deliver 100-Day MAHA Report on America's Health DHS Secretary Kristi Noem Revoke's Harvard's Right to Issue Visas to Foreign "Students," Citing Their Refusal to Address Antisemtism and "Pro-Terrorism Conduct" on Their Campus James Comer Demands That Biden's Dementia Conspirators and Autopen Usurpers Stand for Questioning Disney/ABC, Seeing Their Groomer Empire Crumble All Around Them, Tell the Shrieking Harpies of The View to Cool It On Attacking Half the Country Every Single Day House Passes "Big Beautiful Bill" on Razor-Thin Majority Gunman Murders Two Israeli Embassy Staffers Outside Jewish History Museum in DC, Shouting "Free, Free Palestine" The Morning Rant: Minimalist Edition Absent Friends Jim Sunk New Dawn 2025 Jewells45 2025 Bandersnatch 2024 GnuBreed 2024 Captain Hate 2023 moon_over_vermont 2023 westminsterdogshow 2023 Ann Wilson(Empire1) 2022 Dave In Texas 2022 Jesse in D.C. 2022 OregonMuse 2022 redc1c4 2021 Tami 2021 Chavez the Hugo 2020 Ibguy 2020 Rickl 2019 Joffen 2014 AoSHQ Writers Group A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info: maildrop62 at proton dot me Cutting The Cord And Email Security Cutting The Cord [Joe Mannix (not a cop)] Cutting The Cord: It's Easier Than You Think [Blaster] Private Email and Secure Signatures [Hogmartin] Moron Meet-Ups NoVaMoMe 2025: 06/21/2025 Arlington, VA Contact Weasel and Bluebell for info Texas MoMe 2025: 10/17/2025-10/18/2025 Corsicana,TX Contact Ben Had for info	« Tuesday Overnight Open Thread (8/8/23) \| Main \| The Morning Report — 8/9/23 » August 09, 2023 Daily Tech News 9 August 2023 Top Story After raising $22 billion in funding and soaring to a peak valuation of $47 billion, WeWork now boasts a market cap of $166 million. (Tech Crunch) That's a 99.7% decline, but still better than I thought because I was under the impression that they went bankrupt last year. So how's it going? Today, the 13-year-old company announced a net loss of $397 million for the second quarter on revenue of $877 million. That good huh? As such, WeWork went on to say its ability to continue operating is contingent upon "successful execution of management's plan to improve liquidity and profitability over the next 12 months." It's worse than that, he's dead, Jim. Tech News Lyft wants to kill surge pricing. (Tech Crunch) "[Primetime pricing] is a bad form of price raising," said Risher. "It's particularly bad because riders hate it with a fiery passion. And so we're really trying to get rid of it, and because we've got such a good driver supply ... it's decreased significantly." Getting rid of something because all your customers hate it. Imagine if Apple or Microsoft heard of this. It's time to change how we cover Elon Musk, says news outlet that covers Elon Musk in a form of frothing psychosis that approaches performance art. (The Verge) The plan is more psychosis. A new bug called Downfall in Intel's CPUs up to 11th generation allows for bad stuff. (Serve the Home) The latest version of your operating system should have a patch for this. A new bug called Inception in AMD's Zen CPUs up to, well, all of them, allows for bad stuff. (Serve the Home) The latest version of your operating system should have a patch for this. Nvidia has new workstation GPUs out - the RTX 4000, 4500, 5000, and 6000. (WCCFTech) There was already a half-height version of the 4000 available, but this announcement includes a full-height version that runs up to 30% faster. Prices range from a not entirely unreasonable $1250 for the RTX 4000 to $6800 for the RTX 6000. More leaks of specific Radeon 7700 and 7800 models - this time from ASRock - indicate that an announcement is close. (WCCFTech) Count on AMD to screw up the pricing so that they land with a resounding meh. Disclaimer: Ble again. posted by Pixy Misa at 04:50 AM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments Braenyard - some Absent Friends are more equal than others _ : "2 sheesh! iPads are hideous! Posted by: Fastly St ..." Cicero (@cicero43): "This Is What I Voted For White House official ..." Commissar Hrothgar - THIS Year in Corsicana - [b]again[/b] [/i][/u][/s][/b]: "Darn content did away with my deserved first! ..." 18-1: ""The fuck is going on here" would be a MUCH better ..." COMountainMarie : "So yeah, I was skipping along outside the HQ... I ..." Matthew Kant Cipher: "Top 10? Hi Weird Dave! ..." Zeera , Damn Right I voted for all of this!: "Yay ONT!! ..." Fastly Strokewater - Backstroking. Barely.: "As my dad used to say about baseball, they coukd o ..." Rodrigo Borgia: "> Sorry to sound obtuse, but what does Sudan produ ..." Braenyard - some Absent Friends are more equal than others _ : "3 step walz ..." Cicero (@cicero43): "The End of The Universe Could Come 'Much Sooner' T ..." Fastly Strokewater - Backstroking. Barely.: "sheesh! iPads are hideous! ..." Recent Entries ONT Was Dead, To Begin With The Highs and the Lows Cafe CNN Knows the Real Important Story About the Ongoing Jihad Against Jews in the US: Whatever We Do, We Must Declare That Leftists Calling for "Intifida" Are Absolved from Blame Trump, RFKJr. Deliver 100-Day MAHA Report on America's Health DHS Secretary Kristi Noem Revoke's Harvard's Right to Issue Visas to Foreign "Students," Citing Their Refusal to Address Antisemtism and "Pro-Terrorism Conduct" on Their Campus James Comer Demands That Biden's Dementia Conspirators and Autopen Usurpers Stand for Questioning Disney/ABC, Seeing Their Groomer Empire Crumble All Around Them, Tell the Shrieking Harpies of The View to Cool It On Attacking Half the Country Every Single Day House Passes "Big Beautiful Bill" on Razor-Thin Majority Gunman Murders Two Israeli Embassy Staffers Outside Jewish History Museum in DC, Shouting "Free, Free Palestine" The Morning Rant: Minimalist Edition Search Search this site: Polls! Polls! Polls! Frequently Asked Questions What is the Deal with the Cowbell? Why is the Ace of Spades called "the Death Card"? The (Almost) Complete Paul Anka Integrity Kick Primary Document: The Audio Paul Anka Haiku Contest Announcement Integrity SAT's: Entrance Exam for Paul Anka's Band AllahPundit's Paul Anka 45's Collection AnkaPundit: Paul Anka Takes Over the Site for a Weekend (Continues through to Monday's postings) George Bush Slices Don Rumsfeld Like an Fckin' Hammer Top Top Tens Democratic Forays into Erotica New Shows On Gore's DNC/MTV Network Nicknames for Potatoes, By People Who Really* Hate Potatoes Star Wars Euphemisms for Self-Abuse Signs You're at an Iraqi "Wedding Party" Signs Your Clown Has Gone Bad Signs That You, Geroge Michael, Should Probably Just Give It Up Signs of Hip-Hop Influence on John Kerry NYT Headlines Spinning Bush's Jobs Boom Things People Are More Likely to Say Than "Did You Hear What Al Franken Said Yesterday?" Signs that Paul Krugman Has Lost His Frickin' Mind All-Time Best NBA Players, According to Senator Robert Byrd Other Bad Things About the Jews, According to the Koran Signs That David Letterman Just Doesn't Care Anymore Examples of Bob Kerrey's Insufferable Racial Jackassery Signs Andy Rooney Is Going Senile Other Judgments Dick Clarke Made About Condi Rice Based on Her Appearance Collective Names for Groups of People John Kerry's Other Vietnam Super-Pets Cool Things About the XM8 Assault Rifle Media-Approved Facts About the Democrat Spy Changes to Make Christianity More "Inclusive" Secret John Kerry Senatorial Accomplishments John Edwards Campaign Excuses John Kerry Pick-Up Lines Changes Liberal Senator George Michell Will Make at Disney Torments in Dog-Hell Greatest Hitjobs The Ace of Spades HQ Sex-for-Money Skankathon A D&D Guide to the Democratic Candidates Margaret Cho: Just Not Funny More Margaret Cho Abuse Margaret Cho: Still Not Funny Iraqi Prisoner Claims He Was Raped... By Woman Wonkette Announces "Morning Zoo" Format John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia World Muslim Leaders Apologize for Nick Berg's Beheading Michael Moore Goes on Lunchtime Manhattan Death-Spree Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears Liberal Economists Rue a "New Decade of Greed" Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility Intelligence Officials Eye Blogs for Tips They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq Leather-Clad Biker Freaks Terrorize Australian Town When Clinton Was President, Torture Was Cool What Wonkette Means When She Explains What Tina Brown Means Wonkette's Stand-Up Act Wankette HQ Gay-Rumors Du Jour Here's What's Bugging Me: Goose and Slider My Own Micah Wright Style Confession of Dishonesty Outraged "Conservatives" React to the FMA An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear The Story the Rightwing Media Refuses to Report! Our Lunch with David "Glengarry Glen Ross" Mamet The House of Love: Paul Krugman A Michael Moore Mystery (TM) The Dowd-O-Matic! Liberal Consistency and Other Myths Kepler's Laws of Liberal Media Bias John Kerry-- The Splunge! Candidate "Divisive" Politics & "Attacks on Patriotism" (very long) The Donkey ("The Raven" parody) Syndicate this site (XML) Powered by Movable Type 2.64