Techmeme
July 22, 2022, 11:55 PM

Top News

Bloomberg:
An interview with 3AC founders Su Zhu and Kyle Davies, who may be hiding in the UAE, on its “regrettable” collapse, leverage, Luna, risk management, and more  —  After five weeks in hiding, the disgraced founders of Three Arrows Capital spoke extensively about the spectacular implosion …
Bloomberg:
Source: FTX is in advanced talks to acquire South Korean cryptocurrency exchange Bithumb  —  FTX, the crypto trading platform co-founded by billionaire Sam Bankman-Fried, is in advanced talks to buy South Korea's Bithumb, a person with knowledge of the matter said.
Cameron Thompson / CoinDesk:
FTX plans to let customers of bankrupt crypto lender Voyager create new accounts on FTX, funded by an early distribution of a part of their bankruptcy claims  —  The crypto exchange will allow Voyager customers to create accounts funded by an early distribution of a part of their bankruptcy claims.
Annie Palmer / CNBC:
Twitter reports Q2 revenue down 1% YoY to $1.18B, vs. 1.32B est., a $270M net loss, down from $66M in net income a year ago, and 237.8M mDAUs, up 16.6% YoY  —  - Twitter reported earnings for the second quarter on Friday that missed analyst estimates on earnings, revenue and user growth.
Jacob Kastrenakes / The Verge:
Zoe Kleinman / BBC:
Ashley Capoot / CNBC:
Snap's stock closes down 39.08% following its Q2 earnings report that missed expectations, and is down 78%+ year-to-date  —  - Shares of Snap fell 39% on Friday, a day after the company reported disappointing second-quarter results.  — Snap attributed its results to a challenging economy …
Sergiu Gatlan / BleepingComputer:
Microsoft resumes blocking VBA macros by default in downloaded Office documents, after rolling it back earlier this month following user feedback  —  Microsoft announced today that it resumed the rollout of VBA macro auto-blocking in downloaded Office documents after temporarily rolling …
Mike Allen / Axios:
Amazon SVP of global corporate affairs Jay Carney plans to join Airbnb in September 2022 as global head of policy and communications, succeeding Chris Lehane  —  Jay Carney, who was White House press secretary under President Obama, will move from Amazon to Airbnb as global head of policy and communications.
Oversight Board:
Meta's Oversight Board Trust says the company is giving $150M to the trust as part of ongoing financial support, after its initial $130M contribution in 2019  —  Today the Oversight Board Trust announced that Meta has made a commitment that provides for ongoing financial support for the Oversight Board.

Sponsor Posts

Subquadratic:
Subquadratic: the LLM built for 12M-token reasoning  —  SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds.  Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Cape:
Most carriers track everything.  Cape doesn't.  —  Unlimited talk, text & data, 24-hr metadata deletion, network ID rotation, SIM-attack defense, and more.  Switch today and get 29% off for life.
Zoho:
The hidden tax of making employees search, switch, and repeat  —  Employees lose more time to digital friction than organizations often realize.  Searching for information, switching between tools …
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Big Technology Podcast:
Software's Epic Comeback, Meta's AI Layoffs Blunder, South Korea Stock Market Chaos
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Hard Fork:
Meta Shifts the Blame + Do Data Center Bans Work? + The Final HatGPT
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
Channels with Peter Kafka:
The Weird, Big Business of Microdramas
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Training Data:
Parallel's Parag Agrawal: Building a New Web for AI Agents
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
Subscribe to Training Data.
Invest Like the Best:
Neil Movva - Making AI 10x Cheaper
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Tools and Weapons with Brad Smith:
Connecting the Unconnected: Doreen Bogdan-Martin
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:55 PM ET, July 22, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks

Rest of World:
Bloomberg: