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February 18, 2022, 11:55 AM
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| 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.
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Bloomberg, New York Post, and Insider
Tweets: @joshtpm, @business, @joshsternberg, @bidonkules, @destinlegarie, and @newsynick
| 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 …
Tweets: @lesamitchell, @amir, and @jessicalessin
| 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 — Employees at several Apple Stores across the country are quietly working to unionize, according to people familiar with the efforts …
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New York Post, AppleInsider, 9to5Mac, MacRumors, CNET, Protocol, Reuters, iPhone in Canada Blog, Philip Elmer‑DeWitt, MacDailyNews, and iMore
Tweets: @gregjaffe, @jannekeparrish, @cherthedev, @washingtonpost, @henryfarrell, and @washingtonpost
| 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 — It's one of the new build's smaller changes—but also one of the most annoying. — Now that Windows 11's first major post-release update has been issued …
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Windows Blog, Thurrott, The Register, PCMag, TechRadar, The Verge, Pocketnow, WinBuzzer, MSPoweruser, Windows Central, DirectX Developer Blog, Tom's Guide, BetaNews, BGR, TechRadar, TechSpot, Pureinfotech, HotHardware.com News, Neowin, iPhone in Canada Blog, Tom's Guide, MUO, gHacks Technology News, OnMSFT.com, Petri IT Knowledgebase, Softpedia News, Liliputing, PC Gamer, Slashdot, PCWorld, Club386, and Android Authority
Tweets: @theprofosist, @liliputingnews, @jondoyledesign, and @mosenatlarge
| Dr. Ian Cutress / AnandTech: |
Intel Xeon roadmap: Emerald Rapids, based on Intel 7 process, coming in 2023, Granite Rapids and new Efficient-core Sierra Forest in 2024, both built on Intel 3 — It's no secret that Intel's enterprise processor platform has been stretched in recent generations.
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Intel, PCMag, Windows Central, Intel, Tom's Hardware, DCD, HPCwire, TechRadar, PC Gamer, SemiAnalysis, The Next Platform, Club386, and ZDNet
| Chaim Gartenberg / The Verge: |
| Alex Heath / The Verge: |
Meta confirms the combined monthly user base for Horizon Worlds and Venues has grown to 300,000 people, up 10x since launching in December — That's a 10x increase in about three months. But can the growth continue? — Facebook has bet its future on virtual reality and the metaverse …
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Road to VR, Gizmodo, Finbold, UploadVR, Newslit Daily, Pocketnow, VICE, Digit, Fossbytes, PhoneArena, IPG Media Lab, Engadget, Transistori, and Technical.ly
Tweets: @edzitron, @slhamlet, @bluff_capital, @rachelmetz, @vogon, @johnpaczkowski, @paultassi, @joannastern, @ponchis_g, @edzitron, @cwarzel, @slhamlet, and @plante
| Dan Primack / Axios: |
Source: Helium, a decentralized network of 500K+ cryptocurrency-mining hotspots that offer free p2p networking, raises a $200M Series D at a $1.2B valuation — The existential question of crypto “utility” continues to roil the tech community, pitting some Web 2.0 icons against their web3 cousins.
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The Block
| Ingrid Lunden / TechCrunch: |
Meta says Jeren A. Miles, its head global community development, is no longer with the company after a video of him in an underage sex sting went viral — Meta, the parent company of Facebook, has confirmed to TechCrunch that Jeren A. Miles, who had been a manger of global community development … | Stephanie Bodoni / Bloomberg: |
Ireland's data protection authority is expected to rule on the legality of EU-US data transfers soon, dealing a potential blow to Meta and Google — Meta Platforms Inc.'s stark warning of a retreat from Europe may just be the start, as one of the region's top privacy watchdogs prepares …
Tweets: @deutschjill and @scmpnews
| New York Times: |
Sources: the value of Spotify's deal with Joe Rogan, which covers three and a half years, was at least $200M, twice the $100M that reports suggested at the time — The deal that brought his podcast to Spotify is said to be worth over $200 million, more than was previously known.
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Insider, 9to5Mac, The Verge, Benzinga, Pitchfork, The Hill, The Week, The Business of Business, Mashable, Bloomberg, TechSpot, BGR, AppleInsider, Protocol, Dexerto, Cracked Bowl, Digital Music News, Webb Chatham Report, Input, Engadget, Variety, Hollywood Reporter, and Roy Edroso Breaks It Down
Tweets: @theoscargoff, @dada_drummer, @maxkennerly, @bowl_of_worcel, @davewiner, @helenzaltzman, @ericboehlert, @nash076, @reckless, @bascule, @awilkinson, @mattlech, @itsdaveedwards, @edmundlee, @ianmorris78, @joefulgham, @daviddtss, @adheet_ya, @ben_mathewson, @compliancememe, @eoinhiggins_, @teroterotero, @sarthakgh, @edbott, @ericnewcomer, @caseynewton, @kimberlynfoster, @frankluntz, @jljacobson, @joshuaogundu, @rschooley, @hayesbrown, @ceciliakang, @mikeisaac, @sisario, @marklgoldberg, and @reckless
| 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 — Patrick Gelsinger is back running a company he first joined at 18. The chip maker was a Silicon Valley titan that lost its luster.
More:
Fast Company, Reuters, Barron's Online, Wall Street Journal, Bloomberg, and Bloomberg
Tweets: @jrogrow, @harrymccracken, @harrymccracken, and @markhachman
| Dawn Chmielewski / Reuters: |
Universal Music Group partners with NFT marketplace Curio to develop and sell NFT collectibles for its record labels and artists starting in March — Universal Music Group has struck a partnership with NFT platform Curio to develop non-fungible token (NFT) collections for its record labels and artists, the companies said on Thursday.| Kirsten Grind / Wall Street Journal: |
Sources: federal and state regulators have widened their investigation into how Activision Blizzard CEO and its board handled workplace misconduct allegations — SEC subpoenas more current and former executives; California agency seeks additional information on CEO Bobby Kotick and board's handling of workplace misconduct allegations| Jennifer Schonberger / Yahoo Finance: |
Source: Biden is expected to issue an EO next week directing agencies to study crypto and a CBDC, and come up with a strategy to regulate digital assets — President Biden is expected to issue an executive order next week directing agencies across the government to study cryptocurrencies …
More:
Protocol, TheBitTimes.Com's Newsletter, WRAL TechWire, Forkast, Crypto Briefing, crypto.news, InvestorPlace, Benzinga, Bloomberg, Cointelegraph, and Blockworks
Tweets: @sirbullycrypto, @o3_labs, and @mdudas
| 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 — Coast, which aims to help companies control fuel and fleet spending with its expense management software, has raised $27.5 million … Sponsor Posts
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| Dan Primack / Axios: |