January 19, 2025
Tech News
Instagram has announced a significant update, extending the length of Reels to 3 minutes, a move that’s double the previous limit of 90 seconds. This change, prompted by user feedback, signifies a shift for the platform, especially as competitors like TikTok have embraced longer content. Interestingly, Instagram had previously been hesitant to adopt longer video formats due to concerns about its core identity.
In a shocking development, electric vehicle startup Canoo has filed for Chapter 7 bankruptcy. The company’s circumstances led to an immediate cessation of operations, announcing it owes over $164 million while its assets are valued at $126 million. Canoo’s troubles include a lack of support from government lenders and a diminishing executive team, culminating in the closure after idling operations last month.
In cybersecurity news, U.S. prosecutors have connected the arrest of U.S. Army specialist Cameron John Wagenius to the massive theft of phone records from AT&T and Verizon. Following a grand jury indictment, Wagenius now faces serious charges tied to earlier intrusions at cloud computing firm Snowflake. This breach, which affected numerous companies, involved the theft of sensitive customer data, highlighting a major security failure.
Meanwhile, the gaming world is buzzing with the release of Antonblast, a vibrant platformer reminiscent of 1990s video games. With its chaotic gameplay and charming pixel art, it draws players into a zany experience akin to a classic Saturday morning cartoon. The game features varied levels with unique gimmicks and fast-paced action, appealing to both nostalgic gamers and newcomers alike.
Finally, the Federal Trade Commission is reviewing its stance on digital marketplace mergers, indicating the potential introduction of stricter guidelines aimed at larger tech acquisitions. This comes as regulators continue to scrutinize the market power of major companies, and may influence future mergers within the tech industry as the landscape evolves.
Tech Explained
Reels – Instagram Reels are short video segments where users can create and share content in a dynamic and engaging format. The new length limit of 3 minutes allows creators to present more elaborate stories or ideas, competing closely with offerings from platforms like TikTok.
Chapter 7 Bankruptcy – Chapter 7 bankruptcy refers to a legal process that allows individuals or companies to liquidate their assets to repay creditors. For Canoo, this means they will cease operations and sell off their assets under the supervision of a Bankruptcy Trustee, distributing proceeds to settle debts.
Phone Records – Phone records are detailed logs of calls made from and to a particular phone number, often including the duration, timestamps, and originating or terminating points. The theft of these records from companies like AT&T and Verizon through hacking highlights serious privacy and security vulnerabilities.
Platformer – A platformer is a genre of video game characterized by jumping and climbing between suspended platforms or obstacles. Antonblast exemplifies this with its fast-paced action and nostalgic style, allowing players to navigate complex levels filled with enemies and challenges.
Federal Trade Commission (FTC) – The FTC is a U.S. government agency tasked with protecting consumer rights and enforcing antitrust laws. Its current review of digital marketplace mergers reflects a growing concern about the concentration of market power among large tech companies, potentially impacting future industry regulations.
