Apple and Meta's cold war over privacy is coming to a head
Do you live with your parents, reader? I don't. I'm Diamond Naga Siu, and maybe I've made all the wrong life decisions.
This 25-year-old told Insider about her lavish lifestyle — all thanks to not having to pay rent. She takes weekend trips, buys luxury goods, and drives a pretty decent car. She's part of a growing trend of young people living in a multigenerational home.
One study found that nearly half of 18-29 year old Americans (aka Zillennials) live with their parents.
Before I brace myself for another hefty rent payment (sigh), let's dive into today's tech.
P.S. Do you know any marketing/ad execs who are figuring out how to use generative AI? If so, please send them our way by Friday, February 24.
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1. The Meta/Apple privacy cold war is at a critical point. The two companies have long feuded with each other. Its CEOs even have a history of making snipes at each other. But Meta has always been the beta to Apple's alpha, since it depends on Apple's platform for people to use Facebook, Instagram, and WhatsApp.
- Apple's 2021 privacy changes cut Meta off from user information. This hampered Meta's data-driven advertising model. And it shows in the bottom line.
- Mark Zuckerberg's push into the metaverse was meant to help him escape from Apple's clutches. By creating his own platform, his companies could continue accessing the user information that its data-driven advertising model depended on.
- But experts told my teammate Paayal Zaveri that Meta needs to entirely reinvent its advertising model to escape Apple.
Dive into their feuding future here.
In other news:
2. People are sharing shocking responses from Microsoft's Bing. Arguments. Contradictions. Spying. Microsoft's new ChatGPT-powered Bing loves to pick fights and sling insults — and people are sharing their wild, wild, wild experiences with the chatbot. Check out a few of them here.
3. Tesla is recalling over 362,000 cars due to software issues. The Full Self-Driving feature (also called FSD) could increase the risk of a crash. Model S Teslas produced between 2016 and 2023 were impacted, as well as certain Model 3 and Model X vehicles. More details here.
4. Companies want young people to make TikToks for them. So who better than students? Multiple recruiters previously told Insider that companies are keen to hire social media and influencer marketing employees. Here's a list of companies with TikTok internship openings.
5. Generative AI like ChatGPT can do these side-hustles for you. Freelancers are relying on generative AI to increase their productivity and take on more projects. The tech can handle tasks like dubbing videos in other languages and creating resumes. Check out the other hot gigs here.
6. Apple is running out of time in the AI war. The iPhone maker has remained quiet on its AI strategy. Time is running out to show it can keep pace with competitors, reports my teammate Emilia David. Dive into what this means for Apple's future here.
7. ChatGPT is a con artist — we're suckers for trusting it. Chatbots aren't intelligent. They're liars, writes my colleague Adam Rogers. The chatbots have zero authority, yet spew statements with pure certainty. Adam breaks down how we've all been deceived.
8. An ex-Googler reveals why the tech giant is floundering. The search giant is a victim of its own success, according to former Googler Praveen Seshadri. He witnessed the "gradual decay of a dominant empire" while working there. These are the company's "core cultural problems."
Odds and ends:
9. The best cities to buy a home right now. San Francisco tops the list with a median $1.27 million home price and 13% price drop. San Diego (yuhhh), Denver, and Raleigh also made the list. These are the cities where home prices have dropped the most so far.
10. Millionaires are finding the American Dream outside of the country. The rich aren't moving abroad for tax evasion. They're searching for the American Dream, according to a new report. Taxing the rich, gun violence, and other issues are driving them away. Dive into the exodus here.
The latest people moves in tech:
- YouTube CEO Susan Wojcicki is stepping down after taking the helm in 2014. Neal Mohan, the YouTube chief product officer since 2015, will take her place.
- Twilio's chief product officer Eyal Manor is leaving the company. His departure comes shortly after receiving a $2.5 million cash bonus.
- Meta's chief business officer Marne Levine is stepping down. She was the first person to ever hold the title (which she took on in 2021) and spent 13 years at the company.
- FaZe Clan laid off 20% of its employees. Read the CEO's full memo here.
Curated by Diamond Naga Siu in San Diego. (Feedback or tips? Email dsiu@insider.com or tweet @diamondnagasiu) Edited by Matt Weinberger (tweet @gamoid) in San Francisco and Nathan Rennolds (tweet @ncrennolds) in London.