| Frank Chaparro / The Block: |
Sources: crypto hedge fund Three Arrows Capital faces an uncertain future after a $400M+ liquidation; CEO Su Zhu: we are “fully committed to working this out” — The future of crypto hedge fund Three Arrows Capital hangs in the balance as the firm faces potential insolvency after being liquidated by its lenders.| Jon Porter / The Verge: |
Carl Pei reveals Nothing Phone (1) ahead of its July 12 launch event, saying “leaks are harder to contain nowadays”; details likely to come over the next month — Nothing, the consumer tech startup led by OnePlus co-founder Carl Pei, has shown off the rear design of its debut Phone 1 smartphone.| Tim Bradshaw / Financial Times: |
| Molly White / @molly0xfff: |
| Josh Taylor / The Guardian: |
Microsoft officially retires Internet Explorer after 27 years, disabling the desktop app and directing users to Edge — Company says decision to disable desktop app comes as web developers less likely to make sites compatible with browser, which first graced computers in 1995| New York Times: |
NHTSA data covering July 1, 2021 to May 15, 2022 shows 392 incidents involving driver-assistance tech, including six deaths; Tesla accounted for 273 crashes — The National Highway Traffic Safety Administration released data on 10 months of crashes involving systems like Tesla's Autopilot.| Foo Yun Chee / Reuters: |
The EU's General Court sides with Qualcomm over the European Commission's $1.05B fine from 2018 for allegedly paying Apple to use only Qualcomm chips — U.S. chipmaker Qualcomm (QCOM.O) on Wednesday won its fight against a 997-million-euro ($1.05 billion) fine imposed by EU antitrust … | Alex Heath / The Verge: |
Internal memo details plans to make Facebook more like TikTok, including bringing Messenger back into the app and recommending posts from “unconnected” sources — Facebook employees were recently given a new directive with sweeping implications: make the app's feed more like TikTok.| James Vincent / The Verge: |
YouTube launches a corrections feature, letting creators add infocards at a relevant timestamp — Instead of having to re-upload a whole video — Everyone makes mistakes, but if you mess up a fact or flub a line in a YouTube video it can be hard to correct the error.| Wall Street Journal: |
Source: crypto lender Celsius Networks is looking for financing options from investors and exploring other strategic alternatives, like financial restructuring — Celsius Network, among the largest crypto lenders, has paused user accounts, citing extreme market conditions| Miles Kruppa / Wall Street Journal: |
Google says 1.5B people watch YouTube Shorts every month; TikTok said it had 1B MAUs in September 2021, growing to an estimated 1.6B MAUs in March 2022 — Alphabet's Google discloses Shorts monthly viewership for first time amid heightened competition from TikTok and Instagram Reels| Max Chafkin / Bloomberg: |
Meta's reported investigation into Sheryl Sandberg's expenses feels strange given the company has spent lavishly to boost Mark Zuckerberg and its executives — For an entrepreneur who has made “community” his life's mission, Mark Zuckerberg has always seemed oddly fixated on managing his own appearance.| Sergiu Gatlan / BleepingComputer: |
Cloudflare says it mitigated a 26M-requests-per-second DDoS attack, the largest HTTPS DDoS attack detected to date, targeting a customer using its Free plan — Internet infrastructure firm Cloudflare said today that it mitigated a 26 million request per second distributed denial-of-service … | Sydney Maki / Bloomberg: |
As crypto markets tank, El Salvador has so far lost ~$56M after President Nayib Bukele bought 2,301 bitcoin, raising concerns about debt repayments — An epic rout that has wiped out about two-thirds of Bitcoin's value is exacerbating the debt crisis in the world's most crypto-friendly country.| Kyle Wiggers / TechCrunch: |
Fountain, which builds tools to help employers track applicants during the interview process, raised $100M led by B Capital at a nearly $1B valuation — The “Great Resignation,” the trend where workers are leaving their jobs at a higher-than-usual rate, is continuing unabated.| Brandy Betz / CoinDesk: |
Estonia-based NFT infrastructure startup NFTPort has raised a $26M Series A co-led by Taavet+Sten and Atomico to help developers quickly launch NFT apps — The round was co-led by Atomico and Taavet+Sten, the investment arm from the co-founders of Wise and Teleport.
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| Ash Parrish / The Verge: |
| Kellen Browning / New York Times: |
| Stephanie Kirchgaessner / The Guardian: |
| Filipe Espósito / 9to5Mac: |