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July 14, 2022, 4:30 PM
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WeSmirchTop News
| Dan Seifert / The Verge: |
MacBook Air M2 review: thinner with a better screen and webcam, but gets warm and throttles aggressively under intense workloads; base model has a slower SSD — New design, new display, new processor, new price — After 14 years, three revisions, and two different processor architectures …
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Engadget, MacRumors, Six Colors, TechCrunch, MacRumors, Wall Street Journal, Cult of Mac, Gizmodo, CNET, CNBC, PCMag, Redmond Pie, iMore, AppleInsider, Macworld, iThinkDifferent, Input, Tom's Hardware, 9to5Mac, Digital Trends, TheStreet, Daily Express, Laptop Mag, The Mac Observer, MobileSyrup, Wccftech, iClarified, 9to5Mac, MacDailyNews, and YouTube
| Michael McSweeney / The Block: |
NFT marketplace OpenSea CEO Devin Finzer says the company laid off ~20% of employees; OpenSea didn't disclose the number impacted but said that 230 staff remain — - NFT marketplace major OpenSea announced layoffs on Thursday. — CEO Devin Finzer said in a statement that “~20% of our team” had been let go.
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The Verge, CoinDesk, Blockworks, TechCrunch, Web3 Digest, and VICE
Tweets: @dfinzer, @rayno, @josephfcox, @ulonnaya, @autismcapital, @kevincollier, and @howelloneill
| Tom Warren / The Verge: |
Google releases Chrome OS Flex, a Chrome OS version for businesses and schools to run on 400+ old PC and Mac models, after fixing 600+ bugs since February 2022 — Businesses and schools can now install Chrome OS on existing hardware — Google is releasing Chrome OS Flex today …
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Cloud Blog, Ars Technica, The Register, Thurrott, AppleInsider, CNET, XDA Developers, Android Authority, SiliconANGLE, VentureBeat, Android Police, Engadget, and About Chromebooks
Tweets: @alexjamesfitz, @tomwarren, @googleforedu, @caseynewton, and @jperlow
| Wall Street Journal: |
Sources: Stripe, last valued by private investors at $95B, told staff it cut its internal share price by 28%, lowering those shares' implied valuation to $74B — Payments processor was last valued at $95 billion — Payments giant Stripe last valued by private investors at $95 billion …
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New York Times, Crunchbase News, TechCrunch, PYMNTS.com, and The Economic Times
Tweets: @mayazi, @synopsi, @cliffordasness, @berber_jin1, @refsrc, @anthony, and @amazonholder1
| Lucy Harley-McKeown / The Block: |
Los Angeles-based Merkle Manufactory, which is developing a “sufficiently decentralized” social network protocol called Farcaster, has raised $30M led by a16z — - Merkle Manufactory has raised $30 million in a round led by Andreessen Horowitz (a16z).
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Dan Romero, crypto.news, and The Daily Hodl
Tweets: @dwr, @alexyoungkwon, @simonbuilds, @ethjcdenton, @cdixon, @sriramk, @davemorin, @neuroswish, @mkocha_, @rishavmukherji, @benscharfstein, @top7ico, @omarzipan, @nbashaw, @milesjennings, @brennerspear, @pavtalk, @brit, and @0xmasonh
| Ed Shanahan / New York Times: |
A federal jury convicts Vault 7 leaker Joshua Schulte on nine counts, two years after a previous jury failed to agree on eight of the 10 charges he faced then — The top federal prosecutor in Manhattan said Joshua Schulte had engaged in “one of the most brazen and damaging acts of espionage in American history.”
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U.S. Department of Justice, inforisktoday.com, Metacurity, Security Affairs, Associated Press, VICE, Engadget, Gizmodo, Newslit Daily, and The Register
Tweets: @frankfigliuzzi1, @badtakeblake, @chuckcallesto, @xeni, and @carriecordero
| Queenie Wong / CNET: |
Meta says Facebook is testing a way for users to create up to five profiles linked to one account and that switching between profiles will require only two taps — The social network says users will be able to add up to five profiles to their Facebook account. — Queenie Wong
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Bloomberg, TechCrunch, and The Verge
Tweets: @kurtwagner8, @thegarance, @karissabe, @yoda, @tuviae, @news_by_nick, @newsynick, @aerocles, @kenwheaton, @noahmallin, @wonky_donky, @scottnover, @andst7, @bullyesq, @zerohedge, @deitaone, @bradmichelson, and @thekenyeung
| Leah Nylen / Bloomberg: |
Sources: the US DOJ is likely to reject Alphabet's concessions and file an antitrust lawsuit in the coming weeks over Google's dominance of the online ad market — The US Justice Department is likely to reject concessions offered by Alphabet Inc., clearing the way for an antitrust lawsuit … | Katie Paul / Reuters: |
Meta releases its first human rights report, including due diligence in 2020 and 2021 and a summary of a controversial human rights impact assessment of India — Facebook-owner Meta (META.O) released its first annual human rights report on Thursday, following years of accusations that it turned …
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Engadget, TIME, Meta, rfob.medium.com, and Wall Street Journal
Tweets: @rmac18, @fboversight, @karl_vick, @nickclegg, @vishwanathsarng, @reckless, @aliyabhatia, @newley, @zafaraafaq, @nickclegg, @voiceofsum, and @iainlevine
| Cho Mu-Hyun / ZDNet: |
Samsung says it has developed a new GDDR6 DRAM with a 24Gbps data transfer rate, 30% faster than its 18Gbps predecessor, built on its 10nm process using EUV — The new DRAM will allow premium graphics cards to support a data processing rate of up to 1.1TB, Samsung says.
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Samsung Newsroom, PCMag, Wccftech, The Register, TechRadar, and Neowin. Tweets: @samsungsemius
| 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.
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Business Wire, Wall Street Journal, Bloomberg, Ars Technica, Crunchbase News, blog.celsius.network, Input, Coppola Comment, Bloomberg, Finbold, CryptoSlate, Bankless, The Daily Hodl, Ethereum World News, ZyCrypto, Bitcoinist.com, TheStreet, Crypto Briefing, watcher.guru, TechSpot, Wccftech, The Context, CryptoPotato, The Defiant, Insider, Crypto Daily, coinquora.com, crypto.news, Forkast, Crypto Adventure, Daily Degen, Decrypt, and Engadget
| Nikkei Asia: |
Sources: Intel told customers it will raise prices on most of its CPUs and other products in autumn due to rising costs; source: prices could raise up to 20% — Customers told move is a response to cost pressures — Intel flagged future “targeted” price rises when it presented its last quarterly earnings in April.| Reuters: |
TSMC beats Q2 estimates with a net profit of $7.94B, up 76.4% YoY, and total revenue of $18.16B, up 36.6% YoY — Taiwan's TSMC (2330.TW) posted a 76.4% surge in second-quarter profit on Thursday, the biggest jump in earnings in eight quarters that handily beat market estimates …
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Nikkei Asia, 9to5Mac, Quartz, Bloomberg, Nikkei Asia, iThinkDifferent, CNBC, KrASIA, TechSpot, South China Morning Post, and Financial Times
Tweets: @birdyword, @paulpage, @nikkeiasia, @danielnewmanuv, @martijnrasser, @iron_man_actual, @jcoviedo6, and @tailosivetech
| 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 …
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BBC, Android Police, PoliticsHome, The Verge, Sky News, The Guardian, 9to5Mac, and Neowin
Tweets: @kemibadenoch, @hoffman_noa, @eleanormia, @nadinedorries, @charlesarthur, @ruskin147, @staplenick, @jamesmelville, @darrenpjones, @carolvorders, @martinslewis, @alexhern, @frasernelson, @silkiecarlo, @rcolvile, @juliahb1, @alanvibe, @yuanyi_z, @neil_neilzone, @eleanormia, @togetherdec, @eleanormia, and @hoffman_noa
| Wall Street Journal: |
Sources: activist investor Elliott Management told Pinterest that it has built a stake of 9%+ in the company in recent months; stock is up 15%+ after hours — Activist investor, which has built up a stake of over 9%, has been in discussions with social-media company
Tweets: @stevekovach
| Manish Singh / TechCrunch: |
India-based OneCard, which offers mobile-first credit cards, raised a $100M+ Series D led by Temasek, source says at a $1.4B+ valuation, up from $750M in Jan. — FPL Technologies, an Indian startup that offers credit cards to customers under the brand name OneCard, is the latest … | Martin Matishak / The Record: |
The inaugural report by the DHS Cyber Safety Review Board finds that Log4j has become an “endemic vulnerability” that will persist at least for the next decade — The flaw uncovered late last year in the widely-used Log4j Java library will remain a danger for many years to come … | Chris Welch / The Verge: |
Instagram adds more features to its creator subscription test, including the ability to publish feed posts that are only visible to subscribers — Pay up — or you won't see these exclusive photos or Reels — After getting off to a small start with paid subscriptions for creators earlier this year …
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Engadget, 9to5Mac, TechCrunch, Adam Mosseri, Wccftech, Digital Trends, and Neowin. Tweets: @gartenberg
| Krisztian Sandor / CoinDesk: |
Circle releases a detailed, but unaudited, breakdown of its reserve assets for USDC, showing $42.1B in short-term US government bonds and $13.6B in cash — The asset breakdown comes at a time when crypto firms and their finances are under increasing scrutiny in the ongoing crypto credit crisis.
More:
Circle Blog
| 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 …
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CoinDesk, The Block, Barracuda, and CryptoSlate
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