Shares for Snap were down more than 25% in after-hours trading Monday after the company warned investors of slowed growth in the months ahead.
Why it matters: The news comes as the entire tech sector, but particularly social media companies, struggle to maintain the unprecedented growth levels they saw during the pandemic.
The creators of the action game Aztech built their unusual virtual world with a simple premise: What would have happened if the Aztecs hadn’t been conquered?
Why it matters: Aztech is an ambitious game from a small team in Mexico, a part of the world that has little representation in the industry and its culture.
New Jersey's Acting Attorney General Matthew Platkin said Monday that the state has launched an investigation into the social media platforms Discord and Twitch in connection to the Buffalo mass shooting.
Why it matters: The alleged shooter killed 10 people, all of whom were Black, and posted footage from the attack in real-time to Twitch, a platform owned by Amazon that often features live videos of gaming. The probe will determine whether lax content moderation and policy enforcement allowed the platforms to serve as a hub for violent extremism.
Quality assurance workers at Activision-owned development studio Raven Software voted to unionize today, setting up what would be the first union at a big American game publisher.
Driving the news: The vote, administered by the National Labor Relations Board in Minnesota passed 19-3.
The big picture: Republican-run states are flocking to punish social media companies for what they see as bias against conservatives, and the U.S. Supreme Court is about to issue a ruling on a Texas law similar to Florida's.
Broadcom is in talks to buy VMware, the cloud computing giant controlled by Michael Dell, per multiple reports. VMware had a $40 billion market cap prior to the news, and its stock price spiked nearly 20% at this morning's open.
Why it matters: Broadcom has become one of tech's biggest acquirers, even if it doesn't get lumped into "Big Tech."
Discussions of abortion are posing big problems for some Big Tech companies, not just on their platforms but inside their walls.
Driving the news: With the Supreme Court readying to let states ban abortion, Meta last week reminded employees of a 2019 policy that bars discussion of the topic on the internal discussion system that runs the company, Workplace, per reporting from the Verge and the Washington Post.