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July 18, 2022, 11:00 AM
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memeorandum
WeSmirchTop News
| Katharine Gemmell / Bloomberg: |
A UK judge quashes the CMA's order that Meta must sell Giphy and refers the case back to the agency; CMA says it aims to complete the review within three months — Meta Platforms Inc.'s purchase of GIF search engine Giphy will be sent back to the UK antitrust regulator for a further review … | Aisha Malik / TechCrunch: |
Snapchat launches Snapchat for Web to let users send snaps and make video calls on desktop, says the average caller on the app spends 30+ minutes a day on calls — Snap announced today that it's introducing Snapchat for Web to let users send snaps and chat with friends via video calls all from their desktops.
More:
Engadget, 9to5Mac, Reuters, The Verge, Barron's Online, KnowTechie, CNBC, MobileSyrup, and Mashable
| New York Times: |
Andy Jassy has quietly put his own imprint on Amazon in his first year as CEO, making more changes than many expected, including a hands-on approach to lobbying — Jeff Bezos' successor has set himself apart with a hands-on approach in Washington. — Give this article- - - Read in app| Wall Street Journal: |
The linchpin in Microsoft's Netflix deal was Xandr, the ad tech firm it recently acquired from AT&T that's helping fuel Microsoft's online advertising ambitions — Tech company, embracing underdog role, reignites its ambitions in online advertising — Microsoft Corp. MSFT 1.04%▲ … | Stephen Nellis / Reuters: |
Sources: several US chip makers are deliberating whether to oppose the Chips Act if its final language disproportionately benefits manufacturers like Intel — Several U.S. semiconductor firms are deliberating whether to oppose a package of chip industry subsidies if the final language … | Joseph Menn / Washington Post: |
After Apple notified Thai activists and human rights supporters in November they had been hacked, Citizen Lab confirms 30+ have been hacked by NSO's Pegasus — Listen — Gift Article — More than 30 Thai activists and supporters have been hacked with NSO Group's potent Pegasus spyware … | Financial Times: |
Chinese grocery delivery firm Missfresh, which had raised $1B+ in VC funding from Tiger, Goldman, others, falls in market cap on Nasdaq from $3B in 2021 to $88M — Chinese grocery delivery group valued at $3bn a year ago is now worth just $88mn — Tiger Global-backed grocery delivery start …
More:
Produce Report, GlobeNewswire News Room, Business Wire, Market Munch, and Pandaily
Tweets: @carnage4life, @donweinland, and @muradahmed
| Wall Street Journal: |
Adam Neumann's Flowcarbon and some other startups offering cryptocurrencies backed by carbon-offset credits have slowed product rollouts amid the crypto crash — Investors rushed to startups offering cryptocurrencies backed by carbon-offset credits, then the markets tanked| Karen Hao / Wall Street Journal: |
Researchers say Alibaba's cloud platform that hosted Shanghai's now-leaked police database used outdated systems that didn't offer the ability to set a password — Cybersecurity companies say Alibaba's cloud platform that hosted Shanghai's police database used outdated systems that didn't offer ability to set a password
More:
The Register, TechRadar, Bloomberg, Reuters, Nikkei Asia, Bloomberg, Bloomberg, Bloomberg, iTnews, and Barron's Online
Tweets: @sofiahcbbg, @joshchin, and @_karenhao
| Nathan Grayson / Washington Post: |
A look at YouTube's strategy, started in 2019, of signing Twitch streamers with a network of creators that can simulate community and build its own game culture — Listen — Gift Article — Where once the departure of Twitch stars for YouTube Gaming elicited shock and awe …
More:
The Diff and The Jacob Wolf Report
Tweets: @imaginemod, @zoeglatt, @tarawlevy, @vahn16, @vahn16, and @vahn16
| Nikkei Asia: |
Tracxn: ~$8.5B in VC funding was raised by Indian education startups from 2014 to 2021, with about half of that in 2021 alone, as they vie for US marketshare — Grab for market share takes on extra urgency as valuation woes and job cuts bite — AKITO TANAKA, Nikkei Asia chief business news correspondent … | Kyle Wiggers / TechCrunch: |
Sydney-based Hivery, whose software helps retailers select the right mix of products to stock on store shelves, has raised a $30M Series B led by Tiger Global — Hivery, a startup that bills itself as an “optimization platform” for retailers, today announced that it raised $30 million …
More:
Business Wire, Digital Nation, and PitchBook
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