Good morning, it’s Thursday September 8th. I am Jose Montes de Oca and you are listening to Newslit daily, expertly curated news bits on what is happening around us to supercharge your mornings

In today's edition:

Leaked memo reveals how Snap plans to turn itself around. After a stock price collapse and brutal layoffs, CEO Evan Spiegel yesterday told employees how he plans to still grow Snapchat’s users to 450 million. Goal is to hit $6 billion in revenue next year. (Alex Heath / The Verge)

The 1,000 Chinese SpaceX engineers who never existed. LinkedIn users are being scammed by fake connections posing as graduates of prestigious universities and employees at top tech companies. These are the latest iteration of “pig-butchering scams” that drained millions of dollars from victims, with the help of crypto. (Zeyi Yang via MIT Technology Review)

Disney knew Twitter had bots but wanted to buy it anyway. Elon Musk wanted to buy Twitter. Then he decided he didn't. In 2016, Bob Iger, then the CEO of Disney, had convinced himself that his company should own Twitter, Then, shortly before the 2016 US presidential election, he bailed out. (Peter Kafka / Vox)

Startup Behind AI Image Generator Stable Diffusion Is In Talks To Raise At A Valuation Up To $1 Billion. Stability AI, the startup behind AI text-to-image generator Stable Diffusion, is looking to raise $100M at a valuation up to $1B. The talks follow Stable Diffusion's buzzy release just two weeks ago. (Kenrick Cai / Forbes)

Apple's Killing the Password. Here's Everything You Need to Know. The reality of a passwordless future is taking a big leap forward, With iOS 16 and macOS Ventura, Apple is introducing passkeys—a more convenient and secure alternative to passwords. (Matt Burgess via WIRED)

Thanks for reading and soaking in our Newslit fuelled highlights for your morning.

I hope you found it interesting and, needless to say, if you have any questions or feedback let me know by hitting reply or on Twitter.

Take care and see you tomorrow!
— Jose Montes de Oca

P.S. Want to advertise with us? We’d love to hear from you.

This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit newslit.substack.com/subscribe