---------- Forwarded message --------- From: The Information <hello@theinformation.com> Date: Tue, Jul 30, 2024, 10:34 AM Subject: Meta’s spending cut on AR/VR , Google’s purchase of Wiz and return, and CrowdStrike crisis: latest big tech news this month To: <g@xny.io> Don’t miss a major story from The Information July 30, 2024 Key highlights from big tech news this month: - *Meta’s Reality Labs * hardware teams have been asked to cut spending by nearly 20% between now and 2026 <https://e.customeriomail.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>, as Meta reins in spending on its AR/VR division. - * Google*’s potential $23 billion purchase of cloud security startup *Wiz* would return at least $7 billion <https://e.customeriomail.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> for the startup's top 5 investors. - A global outage sparked by a faulty software update pushed by *CrowdStrike* <https://e.customeriomail.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> is prompting some large customers to mull switching to rivals. *Google and Meta* 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<https://e.customeriomail.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> By Wayne Ma and Kalley Huang 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