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February 19, 2022, 1:05 AM
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Ingrid Lunden / TechCrunch:
Meta says a global community development head, who spoke about inappropriate communications with a 13 year old in a viral sting video, is no longer an employee  —  Meta, the parent company of Facebook, has confirmed to TechCrunch that Jeren A. Miles, who had been a manager of global community development …
Avi Asher-Schapiro / Thomson Reuters Foundation News:
Internal documents: 400+ Salesforce employees signed an open letter objecting to its NFT plans, including helping other companies create and sell NFTs  —  After Salesforce announced a foray into the NFT market, hundreds of workers revolted, raising environmental and fraud concerns
Ryan Broderick / Garbage Day:
A look at the decline of MySpace, which flailed around for over a year as it was overtaken by Facebook, and parallels with Meta as TikTok surges  —  Read to the end for the anti-NFT anthem  —  I want to open today's email with an apology!!  I wrote about the map-based Wordle game Worldle on Monday and I …
Cat Zakrzewski / Washington Post:
Whistleblower Aid, representing Frances Haugen, files two SEC complaints claiming Meta misled investors about its work to fight misinfo on COVID-19 and climate  —  A pair of new whistleblower complaints filed the with the Securities and Exchange Commission in February allege Facebook misled investors …
Berber Jin / The Information:
Source: Tiger Global told investors earlier this month that it will no longer focus on large, late-stage startups preparing to go public  —  Responding to a steep sell-off in technology stocks, some hedge funds and other investment firms with large public stock portfolios have been turning away …
Mary Ann Azevedo / TechCrunch:
Sources: Better.com is preparing for layoffs that could affect as much as 40% to 50% of staff, as more senior executives depart including its finance VP  —  Things are getting worse at Better.  —  More executives have resigned from Better.com nearly three months after the online mortgage …
More: Protocol.  Thanks:@thekenyeung
Nicole Wetsman / The Verge:
A look at Lyft and Uber's foray into the est. $3B non-emergency medical transportation business, where everyday drivers take patients to and from appointments  —  Within the first week that Austin Correll was driving for Lyft in the fall of 2021, he was sent to pick up passengers at an address that turned out to be for a hospital.
Tweets: @johnlegere
Christine Hall / TechCrunch:
Kubecost, whose open source tools helps businesses monitor, manage, and optimize Kubernetes spend at scale, raises a $25M Series A led by Coatue Management  —  In the past year, Kubernetes adoption exploded, with over 5.6 million developers using the cloud-native tools — an increase of 67% from the year prior.
Jeran Wittenstein / Bloomberg:
Meta drops out of the top 10 most valuable companies globally, dropping five places since September 2021 as its market value declined by $513B to $565B  —  Meta Platforms Inc. has tumbled out of the world's 10 largest companies by market value, hammered by its worst monthly stock decline ever.
Wall Street Journal:
How advertisers are dealing with Meta's ad price increases prompted by Apple's ATT changes, with some shifting their ad budgets to Google, Amazon, and TikTok  —  Privacy features prompt e-commerce businesses to slash ad spending; ‘Apple has changed the game’  —  Facebook was long one of the surest bets in digital advertising.

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The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Matthew Keys / TheDesk.net:
A district court judge in California issues a preliminary injunction blocking Nexstar's acquisition of Tegna while an antitrust lawsuit proceeds

Wendy Davis / MediaPost:
The FTC ends a demand for info from NewsGuard after settling a case against Dentsu, Publicis, and WPP; NewsGuard has sued the FTC over restrictions on Omnicom

David Marcelis / Wall Street Journal:
As parts of the podcasting industry shift toward video content, some audio-only listeners report frustration with the lack of context for visual references

More News

Parmy Olson / Bloomberg:
Nick Clegg's promotion reduces Mark Zuckerberg's responsibility for tackling uncomfortable policy issues and obscures his enduring grip over voting shares
Mary Ann Azevedo / TechCrunch:
Coast, which makes expense management software to help companies control fuel and fleet spending, raises a $27.5M Series A co-led by Accel and Insight Partners
Andrew Cunningham / Ars Technica:
Windows 11 Pro's initial setup phase will require a Microsoft Account and an internet connection, like for Windows 11 Home
Reed Albergotti / Washington Post:
Sources: some US Apple Store employees are working to unionize, with groups in at least two stores preparing to file paperwork with the NLRB in the near future

Earlier Picks

Don Clark / New York Times:
A profile of Intel CEO Pat Gelsinger, who joined the company at 18, as he seeks to rejuvenate the beleaguered giant by building chip factories across the world
Andrew Blok / CNET:
YouTube details new efforts to stop misinformation, including stopping such content before it goes viral and limiting cross-platform sharing of misinformation
Bloomberg:
The US adds AliExpress and WeChat to its annual list of markets for counterfeiting and piracy; Pinduoduo and Taobao remain on the list
Chaim Gartenberg / The Verge:
Intel says its discreet Arc GPUs for laptops will ship in Q1 2022, Arc GPUs for desktop will ship in Q2, and Arc GPUs for workstations will ship in Q3
Chris Strohm / Bloomberg:
DOJ establishes the National Cryptocurrency Enforcement Team to investigate illegal schemes run by criminals and countries like North Korea and Iran
Nicole Wetsman / The Verge:
Tandem Diabetes Care says one of its apps got FDA clearance to program insulin delivery for the company's pump, the first such app to receive approval
Dan Primack / Axios:
Sequoia Capital to raise $500M to $600M for a fund focused on liquid crypto investments, along with a $900M-$950M Ecosystem Fund and $3.2B-$3.5B Expansion Fund
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