Techmeme
July 13, 2022, 5:25 PM

Top News

The Verge:
Netflix announces Microsoft as its “global advertising technology and sales partner” for its upcoming ad-supported streaming tier  —  Microsoft will become Netflix's ‘global advertising technology and sales partner’  —  Netflix is partnering with Microsoft for its upcoming ad …
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 …
Fortune:
Ingrid Lunden / TechCrunch:
Unity plans to merge with app monetization service IronSource, valued at $4.4B in the all-stock deal; Silver Lake and Sequoia will invest $1B after the merger  —  Update: the companies have confirmed the news here.  IronSource is being valued at $4.4 billion in the all-stock deal.
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.
Benjamin Mullin / New York Times:
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 …
Shweta Sharma / CSO:
Barracuda survey: 94% of 800 senior IT and security officers of industrial IoT or OT systems faced some form of attack on their systems in the past 12 months  —  A report commissioned by cloud security company Barracuda found that 94% of respondents have experienced some form of attack …
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 …

Sponsor Posts

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Google's AI Infrastructure Chief, Amin Vahdat, on the Physics & Economics of Frontier AI
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
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Reflection's founders on building a DeepSeek of the West
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
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Earlier Picks

Dan Goodin / Ars Technica:
New York Times:
Gareth Vipers / Wall Street Journal: