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In 2020 and 2021, the social media world seemed to be on the verge of complete change. A new app called TikTok was ascendant, bringing a whole new kind of vertical video to phones everywhere. And another app - not as popular, but growing fast, and already hugely influential among the tech set - looked

This is The Stepback, a weekly newsletter breaking down one essential story from the tech world. For more on the slow-motion disaster of live-service games, follow Andrew Webster. The Stepback arrives in our subscribers' inboxes at 8AM ET. Opt in for The Stepback here. How it started Two years ago, I stood at the top

Last fall, President Donald Trump's executive order raising the fee for H-1B visas to $100,000 - like many of his immigration policies - led to near-immediate chaos. Thousands of workers who had flown overseas to renew their visas ended up stranded abroad. Details about who would be affected only emerged after the fact. Six months

In September, Donald Trump claimed that "the United States is getting a tremendous fee" for brokering the TikTok deal. Now sources tell the Wall Street Journal and the New York Times that fee is expected to be in the range of $10 billion. The money is supposedly being paid by new investors, including Oracle and

According to Reuters, Meta is looking to offset spending on AI and data centers with a massive round of layoffs. Sources familiar with the matter say the company could lay off as much as 20 percent of its staff, eliminating roughly 15,800 positions. That would be the largest series of layoffs at the company since