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July 14, 2022, 8:55 AM
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CNBC:
Celsius files for Chapter 11 bankruptcy protection in New York, declaring assets and liabilities between $1B and $10B, plus $167M in cash on hand for operations  —  - Crypto company Celsius has started the process of filing for Chapter 11 bankruptcy protection.
Financial Times:
Former staff and internal documents detail Celsius' implosion; its own compliance unit warned of poor oversight and misrepresentation of financial information
Bloomberg:
Celsius has repaid $900M+ in debt to DeFi platforms while its customer withdrawal freeze enters a full month, raising a legal debate on who should be paid first
Lora Kolodny / CNBC:
Tesla Senior Director of AI Andrej Karpathy says he is leaving the company after about five years; Karpathy led the computer vision team for Tesla Autopilot  —  - Tesla's AI leader Andrej Karpathy announced on Wednesday that he is leaving the company.  — Karpathy worked …
Sam Biddle / The Intercept:
Amazon gave police Ring camera footage 11 times in 2022 without a warrant or permission from Ring owners, saying it sometimes makes a “good-faith determination”  —  Ring, Amazon's perennially controversial and police-friendly surveillance subsidiary, has long defended …
The Verge:
Netflix names Microsoft as its “global advertising technology and sales partner” for its upcoming ad-supported streaming tier, rumored to arrive later in 2022  —  Microsoft will become Netflix's ‘global advertising technology and sales partner’  —  Netflix is partnering …
Frederic Lardinois / TechCrunch:
Google Cloud announces a preview of Tau T2A, its first ARM-based virtual machines powered by Ampere Altra, with up to 48 vCPUs, each with up to 4GB of memory  —  It's been a long time coming, but Google Cloud today announced its first Arm-based VMs, following AWS, with its Graviton instances …
Annabelle Dickson / Politico:
Source: UK's Online Safety Bill is expected to be dropped from parliamentary schedule next week, delaying it until the fall, after Boris Johnson's resignation  —  LONDON — Progress on Britain's proposed new content regulation law is expected to be delayed until the fall …
Prarthana Prakash / Bloomberg:
Over 500 women across the US sue Uber for sexual assault by some drivers, alleging the company knew about sexual misconduct on rides, including rape, since 2014  —  Uber Technologies Inc. is being sued by more than 500 women across the US who claim to have been assaulted by drivers on the platform.
Ryan Browne / CNBC:
UK-based stock trading app Lightyear has raised a $25M Series A led by Lightspeed and is launching in 19 European countries including Germany and France  —  - Lightyear, a stock trading app based in the U.K., has raised $25 million in fresh funding to expand its presence across Europe.
Joanna Ossinger / Bloomberg:
JPMorgan: bitcoin's production cost dropped from ~$24K at the start of June to ~$13K now, as miners seek profitability by deploying more efficient mining rigs  —  Bitcoin's cost of production has dropped from about $24,000 at the start of June to around $13,000 now, which may be seen …
More: CoinGape
Matt Burgess / Wired:
A look at pro-Russian hacktivist group Killnet, which has launched DDoS attacks against websites in countries supporting Ukraine, including Germany and the US  —  The pro-Russian group Killnet is targeting countries supporting Ukraine.  It has declared “war” against 10 nations.
More: SC Media
Kate Park / TechCrunch:
Kakao says it will remove an external payment link from its KakaoTalk messaging app on Play Store, after Google blocked it from issuing updates on July 6  —  South Korean messaging giant Kakao confirmed today it will remove an external payment option after Google blocked the South Korean company behind KakaoTalk from issuing updates.
Tweets: @wongmjane

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This is a Techmeme archive page. It shows how the site appeared at 8:55 AM ET, July 14, 2022.

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From Mediagazer

Jody Godoy / Reuters:
Sources: a group of US states is preparing a lawsuit against Paramount's WBD acquisition; California's AG has said his office would make a decision soon

Ted Johnson / Deadline:
Memo: Lesley Stahl, Bill Whitaker, and Jon Wertheim say they will stay at 60 Minutes as they don't want to see it die and are “working to build trust with Nick”

Anthony D'Alessandro / Deadline:
This weekend, Lionsgate's Michael will become the studio's highest grossing movie; the Michael Jackson biopic has earned $346.6M domestically and $508M+ abroad

More News

Earlier Picks

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
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
Sarah Perez / TechCrunch:
TikTok unveils Content Levels, a content classifying system like age ratings in films, and plans to let users filter out videos with certain words or hashtags
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