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July 14, 2022, 6:55 PM
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| 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, TechCrunch, Six Colors, MacRumors, Wall Street Journal, MacRumors, Gizmodo, Cult of Mac, CNET, CNBC, PCMag, Laptop Mag, Wccftech, Macworld, Input, Philip Elmer‑DeWitt, TheStreet, iMore, Tom's Hardware, MobileSyrup, Redmond Pie, 9to5Mac, AppleInsider, iClarified, 9to5Mac, Daily Express, Digital Trends, iThinkDifferent, The Mac Observer, 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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Bloomberg, Gizmodo, The Verge, TechCrunch, Blockworks, Decrypt, CoinDesk, Cointelegraph, Bitcoinist.com, CryptoPotato, and VICE
Tweets: @dfinzer, @darrenrovell, @rayno, @autismcapital, @ulonnaya, @kevincollier, @howelloneill, and @josephfcox
| 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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Forbes, iTnews, New York Times, Crunchbase News, TechCrunch, PYMNTS.com, and The Economic Times
Tweets: @berber_jin1, @mayazi, @synopsi, @refsrc, @anthony, @cliffordasness, and @amazonholder1
| 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, TechSpot, Thurrott, AppleInsider, About Chromebooks, Engadget, Android Police, Android Authority, VentureBeat, XDA Developers, and SiliconANGLE
Tweets: @alexjamesfitz, @tomwarren, @googleforedu, @caseynewton, and @jperlow
| 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, @cdixon, @sriramk, @davemorin, @neuroswish, @mkocha_, @rishavmukherji, @alexyoungkwon, @benscharfstein, @top7ico, @omarzipan, @nbashaw, @milesjennings, @simonbuilds, @brennerspear, @pavtalk, @ethjcdenton, @brit, and @0xmasonh
| 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| 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.”| 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| Yueqi Yang / Bloomberg: |
Filing: Celsius has a $1.19B deficit on its balance sheet, ~$4.3B in assets against $5.5B in liabilities, and lost 35K ether due to StakeHound misplacing keys — Bankrupt cryptocurrency lender Celsius Network Ltd. disclosed more details on its collapse, including that it has a $1.19 billion deficit on its balance sheet.
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The Block, The Register, Protocol, Financial Times, and Ethereum World News
| Financial Times: |
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PYMNTS.com, Gizmodo, Coppola Comment, and Finextra
Tweets: @dirtybubblemed3, @kadhim, @0x, @richardbistrong, @eliotwb, and @bitfinexed
| 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.| 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, Meta, TIME, TechCrunch, rfob.medium.com, The London Story, and Wall Street Journal
Tweets: @billyperrigo, @ritumbra, @foundationtls, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @mslopatto, @rmac18, @rmac18, @rmac18, @fboversight, @gregmepstein, @moonalice, @dunstanhope, @dellcam, @hypervisible, @fboversight, @nickclegg, @fboversight, @vishwanathsarng, @reckless, @aliyabhatia, @newley, @karl_vick, @zafaraafaq, @marwasf, @fboversight, @nickclegg, @fboversight, @voiceofsum, @fboversight, @fboversight, @fboversight, and @iainlevine
| Kyle Wiggers / TechCrunch: |
You.com, an AI-powered open 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 … | 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 … | Sarah Perez / TechCrunch: |
Sensor Tower: consumer spending in non-game apps hit ~$3.4B in Q2 on the US App Store, surpassing spending in 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 …
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Sensor Tower, Hollywood Reporter, Sensor Tower, and GamesIndustry.biz. Tweets: @stackedmarketer
| 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, SiliconANGLE, TechSpot, BigTechWire, PCMag, Wccftech, The Register, TechRadar, and Neowin. Tweets: @samsungsemius
| Uday Sampath / Reuters: |
Adobe report: US online sales during Amazon Prime Day jumped 8.5% from last year to nearly $12B; Prime members bought 300M+ items, or 100K products a minute — U.S. online sales during Amazon.com Inc's (AMZN.O) Prime Day shopping event jumped 8.5% from last year to nearly $12 billion …
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CNBC
| Lucinda Shen / Axios: |
Pulley, which offers cap table management software, raised a $40M Series B led by Founders Fund at a valuation between $150M and $300M — Pulley, an equity management software company, raised $40 million in Series B funding in a round led by Founders Fund.
Tweets: @shenlucinda and @danprimack
| 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.| 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 … | Immanual John Milton / Bloomberg: |
CoinFlex will let users withdraw up to 10% of their balances, excluding its flexUSD stablecoin, on July 15, after pausing withdrawals last month — CoinFlex will allow users to take out a limited portion of their balances after pausing withdrawals last month due to a counterparty failing to make a margin call.
More:
CoinDesk, Decrypt, Crypto Briefing, and CryptoSlate
| Paul Krugman / New York Times: |
Efforts to regulate crypto should be ramped up amid the crash, after it gained an illusion of respectability through association with high-profile institutions — 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
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