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July 13, 2022, 11:25 AM
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| New York Times: |
Twitter sues Elon Musk, in Delaware's Court of Chancery, to force him to complete his $44B acquisition of the company, as he “refuses to honor his obligations” — The question of whether Elon Musk must buy Twitter, as he agreed to do in April, is headed to a court in Delaware.
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Chancery of the State of Delaware, Reuters, BBC, New York Post, Washington Post, CNBC, Bloomberg, Bloomberg, Financial Times, Insider, TechSpot, Chancery of the State of Delaware, TheGamer, Android Central, The Hill, Law and Politics, Coinspeaker, Silicon Republic, KnowTechie, TechCrunch, TGDaily, Bitcoin News, FORWARD GC, Bloomberg, San Francisco Business Journal, and Engadget
Tweets: @btaylor, @rmac18, @kateconger, @caseynewton, @matt_levine, @danprimack, @kylesgibson, @kurtwagner8, @davidlat, @rmfifthcircuit, @caseynewton, @mikeisaac, @dkthomp, @mmasnick, @sifill_, @silvermanjacob, @sarafischer, @thedextriarchy, @mikeisaac, @sarahfrier, @bobbyallyn, @danahull, @lex_node, @davidlaz, @michaeldweiss, @kantrowitz, @plainsite, @dkthomp, @akilahobviously, @martinsfp, @armandondk, @pierce, @ephraimgopin, @reckless, @robdenbleyker, @mshannahmurphy, @africatechie, @pkafka, @moorehn, @kurtwagner8, @sarahfrier, @moorehn, @tedfrank, @mikeisaac, @danprimack, @taylorlorenz, @sarahfrier, and @alexeheath
| Bloomberg: |
An in-depth look at the rise and fall of crypto hedge fund Three Arrows Capital, whose founders Su Zhu and Kyle Davies bet everything on prices only going up — Days before Bitcoin fell decisively below $40,000, and two months before his hedge fund went bankrupt, Su Zhu sat down for an interview …
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CNBC, Bitcoin News, Yahoo Finance, The Defiant, crypto.news, Cointelegraph, Bloomberg Law, Benzinga, and Bloomberg
Tweets: @zhusu, @mikulaja, @nayrazz, @kevinorland, @carlquintanilla, @justinaknope, @seldo, @muyaoshen, @ianw888, @niubi, @reuterslegal, @unlockscalendar, and @cduhaime
| Shivani Tanna / Reuters: |
Vermont's Department of Financial Regulation joins a multistate investigation into Celsius and says it believes the cryptocurrency lender is “deeply insolvent” — July 12 (Reuters) - Vermont's Department Of Financial Regulation on Tuesday said troubled crypto lender Celsius is … | Casey Newton / Platformer: |
A critique of Ev Williams' 10-year tenure at Medium and how it got caught in the middle between Substack and well-funded publishers like BuzzFeed and Vice — How Medium got stuck in the middle. PLUS: Twitter sues Musk — Few tech CEOs can claim to have steered the course of online conversation more than Ev Williams.
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Protocol, Axios, and The Post-Evangelical Post
Tweets: @caseynewton, @jeremylittau, @caseynewton, @caseynewton, and @joshconstine
| Benjamin Mullin / New York Times: |
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Ev Williams, Coach Tony, TechCrunch, The Official Medium Blog, and Fast Company
Tweets: @ev, @goldman, @lanceulanoff, @joshelman, @jeffjarvis, @rafat, @anildash, @kerrymflynn, @kurtwagner8, @mgsiegler, @iankar_, and @caseynewton
| Tripp Mickle / New York Times: |
Sources: Apple ends its consulting agreement with Jony Ive that made Apple his firm's primary client and limited Ive from taking on work Apple found competitive — Three years after promising to work “long into the future” with the man behind its candy-colored computers, Apple and Mr. Ive are through.
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Insider, 9to5Mac, Fortune, TechCircle, Apple Must, Daring Fireball, Neowin, Wallpaper*, Philip Elmer‑DeWitt, WRAL TechWire, Gizchina, iDownloadBlog.com, XDA Developers, iPhone in Canada Blog, Bloomberg, Patently Apple, CNET, MacDailyNews, MobileSyrup, Thurrott, iClarified, and The Verge
Tweets: @harrymccracken, @gvnsmth, @rsgnl, @raywongy, @ajmcgr, @bxchen, @marcoarment, @counternotions, @greengart, @trippmickle, @joannastern, @saradietschy, and @joannastern
| The Verge: |
Memo: Sundar Pichai told employees that Google will slow hiring in the rest of 2022 and will have to work with “greater urgency, sharper focus, and more hunger” — ‘Greater urgency, sharper focus, and more hunger’ — Google has told employees that it'll be …
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Wall Street Journal, DCD, CNBC, Finbold, Insider, Bloomberg, Benzinga, 9to5Google, City A.M., International Business Times, Gizchina, BGR India, TechCircle, The Register, TechCrunch, SiliconANGLE, MarketWatch, and Washington Post
Tweets: @carnage4life, @dylanbyers, and @alexeheath
| Dan Goodin / Ars Technica: |
Microsoft says a phishing campaign targeted 10K+ organizations since September 2021 by hijacking Office 365's authentication process even on accounts using MFA — Campaign that steals email has targeted at least 10,000 organizations since October. — On Tuesday, Microsoft detailed …
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Metacurity, The Hacker News, Security Affairs, PCMag, Threatpost, ZDNet, Silicon Republic, and CSO
Tweets: @msftsecintel, @sarahhandler, and @campuscodi
| Ingrid Lunden / TechCrunch: |
Unity to merge with app monetization service Ironsource, valued at $4.4B in the all-stock deal; Silver Lake, Sequoia will invest $1B in Unity after the merger — Update: the companies have confirmed the news here. IronSource is being valued at $4.4 billion in the all-stock deal.
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Unity Blog, Business Wire, San Francisco Business Journal, Geektime, CTech, Globes Online, Stock Quest, and Pocket Gamer.biz
Tweets: @swodinsky, @unitygames, @amandafarough, @roxaloxa, @futterish, @dj_link, @richardcobbett, @joewintergreen, @iansherr, @rossdawson, @brkeogh, @ingridlunden, and @sserrano44
| Erron Kelly / VentureBeat: |
Twitter says roughly 1.5B tweets about gaming were made on its site in H1 2022, up 36% YoY; Genshin Impact and Wordle were the most tweeted-about games — Roughly 1.5 billion tweets about gaming were made on Twitter in the first half of 2022. That's ‘billion’ with a ‘b’.
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Twitter, Pocket Gamer.biz, Fossbytes, and Social Media Today
| Kyle Wiggers / TechCrunch: |
Kontent, whose headless CMS powers over 2K websites, apps and e-commerce stores, has raised $40M from Expedition Growth Capital — Kontent, a platform designed to help companies manage business-related content in the cloud, today announced that it raised $40 million from Expedition Growth Capital as part of a growth capital infusion.
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FinSMEs, Tech.eu, and EU-Startups
| Hannah Murphy / Financial Times: |
Sources: Snap is exploring plans to let NFT artists showcase their designs as augmented reality filters on Snapchat; the test will start at the end of August — Social media platform is the latest to dabble in digital assets to attract influencers despite crypto crash
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Metaverse Post, PYMNTS.com, Coinspeaker, and TechCrunch
| Ivan Mehta / TechCrunch: |
Truecaller launches Open Doors, a Clubhouse-like app which lets users register with their phone numbers and audio chat with their contacts who have the app — If you thought of the age of companies launching real-time audio chat apps, you're wrong. Swedish caller identification service Truecaller …
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Livemint
| Ivan Levingston / Bloomberg: |
Sources: UK payments company Zepz, formerly WorldRemit, delayed its IPO planned for Q2, 2022 due to issues with accounting and turnover in its senior ranks — UK financial technology startup Zepz, parent of WorldRemit, has struggled with its accounts and turnover in its senior ranks prior …
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AltFi and PYMNTS.com
| Kurt Schlosser / GeekWire: |
The leaders of Amazon, Microsoft, Apple, Meta, Google, and 500+ business, education, and nonprofit companies urge US states to boost computer science education — More than 500 business, education and nonprofit leaders have teamed with Seattle-based computer education nonprofit Code.org …
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ceosforcs.com, 9to5Mac, and The Verge
| Kyle Wiggers / TechCrunch: |
Incident.io, which makes a Slack-based software incident response platform, has raised a $28.7M Series A led by Index Ventures — It's Incident.io co-founder and CEO Stephen Whitworth's assertion that there's fragmentation in the market for software incident management solutions.
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Tech.eu
| Sarah Perez / TechCrunch: |
SVP Prabhakar Raghavan says Google's studies show younger users often use apps like Instagram and TikTok instead of Google Search or Maps for discovery purposes — The TikTok threat to Google's business isn't just limited to YouTube, as it turns out. Core Google services, including Search and Maps … | Jasmine Hicks / The Verge: |
Reddit partners with Giphy to bring GIF comments to new subreddits and existing subreddits if moderators opt in to the feature — Subreddit moderators can opt in to the new GIF library — Reddit is joining the GIF party with its new partnership with Giphy, a massive online hub where internet users upload and share GIFs.
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Engadget, Adweek, and TechCrunch
| Bloomberg: |
Sources: Foxconn Industrial Internet took a minority stake in Chinese state-backed chipmaker Tsinghua Unigroup for $788M during Unigroup's $9B bailout by China — A Shanghai-listed arm of Foxconn Technology Group acquired a stake in China's top chipmaker during its $9 billion bailout …
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9to5Mac, Patently Apple, and 聯合新 …
| Jessica Bursztynsky / CNBC: |
Match Group expands its partnership with Garbo to offer background checks to users on its Match and Stir dating apps, after offering it to Tinder users in March — - Match Group is expanding its partnership with background check service Garbo to roll out the safety feature to two more of its dating apps …
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MSPoweruser, Fossbytes, and The Verge
| Fortune: |
Lightspeed Venture Partners raised $6.6B across three US funds and $500M for an India and Southeast Asia fund, and debuts a team to back blockchain founders — This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox.
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PitchBook. Tweets: @lightspeedvp, @ravi_lsvp, @guruchahal, @wakohler, @mohapatrahemant, @bsomaia, @kateclarktweets, and @refsrc
| Ingrid Lunden / TechCrunch: |
Preply, a tutoring marketplace for language learning, raised a $50M Series C, PitchBook says at a $400M post-money valuation, bringing total funding to $100M — As Ukraine continues to be battered by Russia in an unprovoked war that has sent hundreds of thousands of refugees scattering elsewhere …
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Tech News
| Sarah Perez / TechCrunch: |
TikTok unveils Content Levels, a system to classify content, similar to age ratings in films, and plans to let users block videos with certain words or hashtags — Earlier this year, TikTok said it was developing a new system that would restrict certain types of mature content from being viewed by teen users.Sponsor Posts
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