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July 12, 2022, 4:01 PM
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Top News

Jeremy Hill / Bloomberg:
Liquidators say they can't find Three Arrows Capital founders Kyle Davies and Zhu Su, and seek to subpoena them to prevent the dissipation of the fund's assets  —  The founders of bankrupt crypto hedge fund Three Arrows Capital haven't been cooperating in the firm's liquidation process …
James Vincent / The Verge:
In Germany, South Korea, and other countries, BMW starts selling subscriptions or charging one-time fees to unlock heated seats, engine sound options, and more  —  The auto industry is racing towards a future full of microtransactions  —  BMW is now selling subscriptions for heated seats …
Wired:
Employees say “Twitter is a shit show internally”, fed up by weak leadership and a lack of management support amid targeted harassment from outside the company  —  Days after the deal to buy Twitter fell apart, fed-up employees say they are being kept in the dark.
Kurt Wagner / Bloomberg:
SEC filing: Twitter's lawyers call Elon Musk's deal termination “invalid and wrongful” and say Twitter “breached none of its obligations under the agreement”
Benjamin Mullin / New York Times:
Medium founder Evan Williams says he is stepping down as CEO, to be replaced by Tony Stubblebine, and plans to start a new holding company and research lab  —  Mr. Williams, the company's founder and a co-founder of Twitter and Blogger, said in a post that he planned to start a new holding company and research lab.
Jamie Crawley / CoinDesk:
Animoca Brands announces a $75.32M raise at a $5.9B valuation, the second tranche of its $360M round in January 2022 that valued the NFT company at $5.5B  —  The infusion is the second tranche of January's funding round, which nabbed almost $360 million and valued the investment company at $5.5 billion.
Gareth Vipers / Wall Street Journal:
Elon Musk, in replies to a Breitbart tweet about Trump calling him a “bullshit artist”, says Trump should “hang up his hat” and DeSantis would easily beat Biden  —  Former president had mocked the Tesla boss's attempt to take over Twitter
Annie Palmer / CNBC:
Filing: Amazon and the Fred Hutchinson Cancer Research Center are developing “personalized” cancer vaccines and have launched an FDA-approved clinical trial  —  - Amazon is working with the Fred Hutchinson Cancer Center to develop cancer vaccines, according to a filing.
Sylvia Varnham O'Regan / The Information:
In an internal post, Meta Vice President of Remote Presence and Engineering Maher Saba instructed managers to identify and “move to exit” poor performers  —  Meta Platforms' Vice President of Remote Presence and Engineering Maher Saba has instructed managers to identify and …
Melissa Heikkilä / MIT Technology Review:
BigScience, an effort by 1K+ AI researchers and NLP startup Hugging Face, releases BLOOM, an open-access multilingual language model bigger than GPT-3, for free  —  A group of over 1,000 AI researchers has created a multilingual large language model bigger than GPT-3—and they're giving it out for free.
Michael Kan / PCMag:
The FTC plans to crack down on tech companies' illegal use and sharing of “location, health, or other sensitive data” and false claims about data anonymization  —  ‘Companies that make false claims about anonymization can expect to hear from the FTC.’
J. Clara Chan / The Hollywood Reporter:
Spotify acquires Heardle, describing the music trivia game inspired by Wordle as a “tool for musical discovery”, and plans to keep it as a standalone site  —  The game, which challenges users to identify a song based on short audio clips, will remain free to play for users.
Lulu Yilun Chen / Bloomberg:
Sources: China decided to rein in Tencent after two scandals, including a secret WeChat project to use data to predict new Politburo standing committee members  —  Imagine for a second life before smartphones.  Simple tasks—ordering takeout, staying in touch—become frustratingly difficult, never mind dealing with emergencies.

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This is a Techmeme archive page. It shows how the site appeared at 4:01 PM ET, July 12, 2022.

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From Mediagazer

The Wrap:
The FCC votes to repeal the national broadcast ownership cap and replace it with a case-by-case review, approving the measure by a 2-1 margin

Todd Spangler / Variety:
Trump names Danielle Thumann, an adviser to FCC Chairman Brendan Carr, to serve as an FCC commissioner; if confirmed, she'd bring the Republican majority to 3-1

Josh Gerstein / Politico:
A US federal judge pauses an order requiring Trump to disclose details of his businesses' financial performance to the BBC in his $10B defamation suit

More News

Paul Sawers / TechCrunch:
Wefox, a Berlin-based digital insurer focused on personal insurance products, raised a $400M Series D at a post-money valuation of $4.5B, up from $3B in 2021

Earlier Picks

Aisha Malik / TechCrunch:
Twitter rolls out its Unmentioning feature to all users on all devices, letting users remove themselves from conversations that include their Twitter handle
Reuters:
STMicro and GlobalFoundries plan to build a €5.7B chip factory in France with full capacity by 2026, with “significant” funding from the French government
Juli Clover / MacRumors:
YouTube begins rolling out picture-in-picture support for all US iOS users, but says that the feature requires a premium subscription to work with music videos
Dean Seal / Wall Street Journal:
Broadcom's software president Thomas Krause plans to leave on July 15 and become CEO of combined Citrix and Tibco; CEO Hock Tan will assume his responsibilities
Kris Holt / Engadget:
Apple debuts iOS 16's first public beta with lock screen widgets, iMessage edit and undo, Pay Later, and more, alongside macOS, watchOS, and iPadOS public betas
Malcolm Owen / AppleInsider:
Report on Apple's eight-year self-driving car struggle as 20 people from the project cite “constantly shifting goals”, a “revolving door of leaders”, and more
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