Techmeme
July 7, 2022, 11:30 PM

Top News

Washington Post:
Sources: Elon Musk's deal to buy Twitter is in serious jeopardy as his team concluded that spam account figures aren't verifiable using Twitter's data firehose  —  Talks with investors have cooled in recent weeks and Musk's camp believes it can't confirm Twitter's claims about spam accounts
Lauren Forristal / TechCrunch:
Netflix rolls out spatial audio to all devices and to all subscribers, currently available for season four of Stranger Things, The Witcher, and more  —  Today, Netflix announced that it is bringing spatial audio to all devices with the aim of enhancing the listening experience throughout its catalog of original titles.
Immanual John Milton / Bloomberg:
Glassnode: bitcoin blockchain activity has dropped 13% from November 2021 to July 2022; balances at exchanges are down 20%+ from a January 20 peak  —  As the crypto winter deepens, only the staunchest Bitcoin investors are still holding onto their tokens — but not on the exchanges.
Adi Robertson / The Verge:
Meta plans to stop requiring Facebook IDs to log into Quest devices starting in August 2022 and will roll out “Meta accounts” for new and existing Quest users  —  They'll require a Meta account instead  —  Meta is introducing a new account system for its virtual reality headsets …
Tom Warren / The Verge:
Twitter starts testing a CoTweets feature that lets two accounts co-author a tweet, with both accounts tagged in a single tweet, an idea it explored in March  —  Twitter says it's testing CoTweets for a limited time  —  Twitter has started testing a new CoTweets feature this week with users of the social network.
CNBC:
GameStop fires CFO Mike Recupero and is laying off staff across departments; a source says chairman Ryan Cohen pushed out Recupero  —  - GameStop has fired its Chief Financial Officer, Mike Recupero.  — It's making staff cuts across departments as part of an effort to turn around the videogame retailer.
Ivan Mehta / TechCrunch:
Reddit launches an NFT-based avatar marketplace with 90 profile pictures available for purchase at a fixed price, expanding on support for Ethereum-based NFTs  —  Reddit is launching a new NFT-based avatar marketplace today that allows you to purchase blockchain-based profile pictures for a fixed rate.
Kyle Wiggers / TechCrunch:
Traba, a jobs board for workers to find shifts at fulfillment centers and event venues, has raised a $20M Series A led by Khosla at a $120M post-money valuation  —  Traba, a jobs board designed to help entry-level workers find available shifts at fulfillment centers and event venues …
Benjamin Pimentel / Protocol:
Binance.US names ex-Acorns CFO and COO Jasmine Lee as its CFO, as the company prepares for an IPO in the next two to three years  —  Binance.US has named a new CFO, sending a strong signal that the crypto company is gearing up to go public.  Jasmine Lee, who previously served as CFO …

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Runway's Cris Valenzuela: Building The Hollywood-Friendly Video AI That OpenAI Couldn't
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More News

Andrew Mendez / TechCrunch:
Dan Milmo / The Guardian:
Bloomberg:

Earlier Picks

Bloomberg:
Sergiu Gatlan / BleepingComputer:
Max Colchester / Wall Street Journal:
Cheyenne Ligon / CoinDesk:
Bloomberg:
Joe Rossignol / MacRumors: