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July 14, 2022, 7:25 PM
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WeSmirchTop News
| 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, Bloomberg, Gizmodo, Blockworks, The Verge, Decrypt, CoinDesk, SiliconANGLE, Cointelegraph, Bitcoinist.com, and CryptoPotato
Tweets: @dfinzer, @darrenrovell, @autismcapital, @ulonnaya, @kevincollier, @howelloneill, @josephfcox, and @rayno
| 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, Wall Street Journal, MacRumors, MacRumors, Gizmodo, Cult of Mac, CNET, CNBC, PCMag, Laptop Mag, Macworld, Wccftech, Input, TheStreet, Philip Elmer‑DeWitt, iMore, Tom's Hardware, MobileSyrup, 9to5Mac, AppleInsider, iClarified, 9to5Mac, Daily Express, Redmond Pie, Digital Trends, iThinkDifferent, The Mac Observer, MacDailyNews, and YouTube
| 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, SlashGear, Thurrott, AppleInsider, About Chromebooks, Engadget, Android Police, Android Authority, VentureBeat, XDA Developers, and SiliconANGLE
Tweets: @alexjamesfitz, @tomwarren, @googleforedu, @caseynewton, and @jperlow
| 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| 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 and crypto.news
Tweets: @dwr, @cdixon, @sriramk, @davemorin, @neuroswish, @mkocha_, @rishavmukherji, @alexyoungkwon, @benscharfstein, @top7ico, @omarzipan, @nbashaw, @milesjennings, @simonbuilds, @brennerspear, @pavtalk, @ethjcdenton, @brit, and @0xmasonh
| 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.| 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| 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.| 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.”| Katie Paul / Reuters: |
Meta releases its first annual human rights report, covering 2020 and 2021 due diligence and summarizing 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 …
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Meta, Engadget, TIME, TechCrunch, rfob.medium.com, The London Story, and Wall Street Journal
Tweets: @billyperrigo, @ritumbra, @billyperrigo, @aaschapiro, @gregmepstein, @indiacivilwatch, @samfbiddle, @philiprosedale, @billyperrigo, @billyperrigo, @szhang_ds, @sumofus, @sumofus, @sumofus, @sumofus, @sumofus, @sumofus, @sumofus, @nsnadeemsarwar, @foundationtls, @rmac18, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @ritumbra, @mslopatto, @rmac18, @rmac18, @fboversight, @gregmepstein, @moonalice, @dunstanhope, @fboversight, @nickclegg, @fboversight, @vishwanathsarng, @reckless, @aliyabhatia, @dellcam, @newley, @karl_vick, @zafaraafaq, @marwasf, @fboversight, @nickclegg, @fboversight, @voiceofsum, @fboversight, @fboversight, @hypervisible, @fboversight, and @iainlevine
| 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.
More:
The Block, The Register, Protocol, Financial Times, and Ethereum World News
| Financial Times: |
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Gizmodo, Coppola Comment, and PYMNTS.com
Tweets: @dirtybubblemed3, @kadhim, @0x, @richardbistrong, @eliotwb, and @bitfinexed
| 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: 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:
Sensor Tower, Hollywood Reporter, GamesIndustry.biz, and Sensor Tower. 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, TechRadar, Wccftech, Neowin, and The Register. Tweets: @samsungsemius
| 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.| Lucinda Shen / Axios: |
Pulley, which offers cap table management software, has 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
| Uday Sampath / Reuters: |
Adobe: US online sales during Amazon's Prime Day jumped 8.5% YoY to nearly $12B; Prime members bought 300M+ items, or 100K products per 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
| 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
| Manish Singh / TechCrunch: |
India-based mobile-first credit card operator OneCard raised a $100M+ Series D led by Temasek, a source says at a $1.4B+ valuation, up from $750M in January — FPL Technologies, an Indian startup that offers credit cards to customers under the brand name OneCard, is the latest … | Chris Welch / The Verge: |
Instagram adds more features to its paid subscriptions test for creators, 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 …
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Meta, PCMag, Engadget, TechCrunch, Adam Mosseri, Android Central, GSMArena.com, Tubefilter, 9to5Mac, Neowin, Wccftech, and Digital Trends
Tweets: @annalaurahhh, @thatkat, @christinasbg, and @gartenberg
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