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July 15, 2022, 7:35 AM
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| 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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TechCrunch, Cybernews.com, Coinspeaker, The Verge, Blockworks, Engadget, PYMNTS.com, Ethereum World News, The Economic Times, TechCircle, SiliconANGLE, Micky, CoinDesk, Bitcoinist.com, PingWest, CryptoSlate, Cointelegraph, CryptoPotato, and VICE
Tweets: @dfinzer, @mrjasonchoi, @autismcapital, @ulonnaya, @kevincollier, @popilart, @darrenrovell, @howelloneill, @josephfcox, and @rayno
| Dan Goodin / Ars Technica: |
Chainalysis: crypto flowing into mixer services hit a 30-day moving average of $51.8M in April, a record high; Russia's Hydra Market accounted for 50% of funds — Despite a significant Achilles' heel, mixers are seeing unprecedented demand. — The amount of cryptocurrency flowing …
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Chainalysis, Blockchain News, Cointelegraph, Decrypt, and Blockworks
Tweets: @wublockchain and @chainalysis
| 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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TechCrunch, Bloomberg, XDA Developers, The Verge, Wccftech, Fossbytes, Benzinga, TechCircle, 9to5Mac, and The Economic Times
Tweets: @kurtwagner8, @newsynick, @thegarance, @deitaone, @joelfeder, @yoda, @wonky_donky, @andst7, @wongmjane, @noahmallin, @bullyesq, @bradmichelson, @zerohedge, @aerocles, @thekenyeung, @tuviae, @missanabeem, @karissabe, @thejenweg, @corinne_podger, @kenwheaton, @thatchristinag, @news_by_nick, and @scottnover
| 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 by private investors at $95 billion — Payments giant Stripe last valued by private investors …
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Silicon Republic, The Information, Forbes, New York Times, Crunchbase News, TechCrunch, iTnews, PYMNTS.com, and The Economic Times
Tweets: @mayazi, @synopsi, @carnage4life, @cliffordasness, @refsrc, @amazonholder1, @berber_jin1, and @anthony
| Paul Krugman / New York Times: |
Regulators should crack down on crypto, after it gained an illusion of respectability through association with high-status institutions and individuals — When the Federal Reserve speaks, it speaks in Fedspeak. A pithy turn of phrase or a striking metaphor can all too easily turn into a headline …
Tweets: @smdiehl, @matthewstoller, @antoniogm, @chris_maag, @gartenberg, @seneca_lake, @jimbostanford, @nytopinion, @smdiehl, @colinmang, @jiminfantino, @agrenell, and @vilile
| Sarah Perez / TechCrunch: |
Sensor Tower: total revenue generated by non-game apps hit ~$3.4B in Q2 2022 on the US App Store, surpassing mobile games, which hit ~$3.3B, for the first time — A major shift in the U.S. app economy has just taken place. In the second quarter of this year, U.S. consumer spending …
More:
The Economic Times, Sensor Tower, Pocket Gamer.biz, and Hollywood Reporter. Tweets: @stackedmarketer
| Andrew Tarantola / Engadget: |
Meta unveils Make-A-Scene, an exploratory AI research project that turns a user's sketches and text descriptions into 2,048 x 2,048-pixel images — Text-to-image generation is the hot algorithmic process right now, with OpenAI's Craiyon (formerly DALL-E mini) and Google's Imagen AIs unleashing tidal waves …
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Meta AI. More:
Meta, Fossbytes, Financial Times, Cybernews.com, TechRadar, Social Media Today, BigTechWire, SiliconANGLE, and Gizchina
Tweets: @metaai, @alexvoica, @metaai, @atypicaldavid, @boztank, @scobleizer, @kyrickyoung, @owswills, @officialkrishd, and @mulwa_bebop
| Wall Street Journal: |
Sources: activist investor Elliott Management told Pinterest that it has built a 9%+ stake in the company in recent months; the stock jumps 15%+ after hours — Activist investor, which has built up a stake of over 9%, has been in discussions with social-media company
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The Economic Times, Coinspeaker, Australian Financial Review, PYMNTS.com, CNBC, and Benzinga
Tweets: @fred_mcfeely and @stevekovach
| Nikkei Asia: |
Sources: Intel told customers it will raise prices on most of its CPUs and peripheral chips in autumn due to rising costs; source: prices could rise 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.
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The Verge, The Register, Wccftech, TelecomLead, PCGamesN, CNET, Digital Trends, SiliconANGLE, TechSpot, and Tom's Hardware. Tweets: @lisaabramowicz1
| Rest of World: |
The alumni of Colombian last-mile delivery unicorn Rappi have founded 100+ startups in under seven years, outpacing even the PayPal Mafia in startup creation — The Colombian unicorn's alumni are outpacing the PayPal mafia in startup creation. — • BOGOTÁ, COLOMBIA| Allison Johnson / The Verge: |
Nothing phone (1) review: good midrange phone with snappy performance but the glyph notification system is mostly gimmicky and battery performance is not great — Nothing claims its new Phone 1 can “Bring us back. To us" with “deeper interactions” and “brave simplicity.”
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Gizmodo, 9to5Google, Android Authority, Engadget, CNET, Wired, NDTV Gadgets 360, and NextPit
Tweets: @mkbhd and @olliecapa26
| 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.| Kyle Wiggers / TechCrunch: |
You.com, an AI-powered search engine that offers built-in apps, like search tools for Twitter, raised a $25M Series A, bringing its total funding to $45M — There's a growing appetite for alternative search engines. At least, that's the crux of the argument Richard Socher, the former chief scientist at Salesforce, likes to make.| 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, MacRumors, Android Authority, Ars Technica, The Mac Observer, gHacks Technology News, and The Register
Tweets: @googleforedu, @jperlow, @caseynewton, @alexjamesfitz, and @tomwarren
| Ryan Browne / CNBC: |
Amazon plans to create 4K+ jobs in the UK in 2022, including in software development and engineering, bringing its permanent workforce in the UK to 75K+ — - Amazon says it will create more than 4,000 permanent jobs in the U.K. in 2022. — The latest hiring push will bring …
More:
The Guardian, Bloomberg, Reuters, and Financial Times
| Dana Mattioli / Wall Street Journal: |
Sources: Amazon has reduced its white label product selection and mulled exiting the business altogether, amid weak sales and mounting regulatory pressure — Executives also have discussed exiting the business entirely to address regulatory pressure — Amazon.com Inc. AMZN 0.21%▲ …
More:
Reuters, Benzinga, and The Economic Times
Tweets: @danamattioli, @mattyglesias, and @quinnypig
| Tim Keary / VentureBeat: |
Bishop Fox, which offers tools for dynamic application security testing, has raised a $75M Series B led by Carrick Capital Partners — Securing enterprise environments against professional cybercriminals is more difficult than ever before. The explosion in the attack surface that's occurred …
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FinSMEs, GlobeNewswire News Room, Wall Street Journal, MSSP Alert, CRN, and SecurityWeek
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