Techmeme
July 13, 2022, 4:35 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 …
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 …
Ivan Mehta / TechCrunch:
Truecaller launches Open Doors, a Clubhouse-like app that lets users sign up with their phone number 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 …
More: Livemint
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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Fortune:
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New York Times:
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