| Patricia Hernandez / Kotaku: |
Zuckerberg responds to the mockery of the Horizon Worlds selfie, saying it was taken quickly to celebrate a launch and promises major updates to avatar graphics — Earlier this week was supposed to be a celebratory time for the folks at Meta, as its reality-devouring project Horizon Worlds was now available in more countries.| Michael McSweeney / The Block: |
FDIC issues cease-and-desist letters to FTX US and four other crypto firms over making “false representations” that their crypto products might be FDIC-insured — - The Federal Deposit Insurance Corporation (FDIC) said Friday that it sent cease-and-desist letters to five crypto companies … | Nikkei Asia: |
A look at the challenges ahead for China's e-CNY, as total transaction volume reached $12.3B in May and ~4.6M merchants across China now accept the digital yuan — Expansion will require new rules and huge investment in datacenters and other infrastructure| New York Times: |
Twitter CFO Ned Segal told employees in an email that they might receive only half of their annual bonuses as the company grapples with economic uncertainty — The company blamed its financial performance for the potential bonus cut. — Twitter warned its employees on Friday … | Cristina Criddle / Financial Times: |
Match Group COO and CFO Gary Swidler says sign-ups on Tinder “have not returned back to pre-pandemic levels” and “new users remain a challenge” — World's dominant dating app seeks new ways to achieve growth as rivals such as Bumble and Thursday thrive| Rachael Levy / Reuters: |
Sources: Elon Musk approached brain-computer interface developer Synchron about a potential investment, after expressing frustration with Neuralink's progress — Elon Musk has approached brain chip implant developer Synchron Inc about a potential investment as his own company Neuralink plays catch … | Cat Zakrzewski / Washington Post: |
The House Oversight Committee demands data from eight social media firms about their response to online threats against law enforcement after Mar-a-Lago search — House Oversight Committee leaders called on eight social networks, including Meta, Truth Social and Gab, to turn over details … | Aaron Holmes / The Information: |
Source: Cisco CEO said that the company will increase operating expenses by $1B over the next year, amid employee frustration over wages and high staff turnover — Cisco Systems CEO Chuck Robbins told managers earlier this month that the networking hardware pioneer would increase … | Dell Cameron / Gizmodo: |
The US House approved a budget amendment in July requiring the DoD to disclose smartphone or web browsing data purchases; Senate still needs to approve it — The House approved a little-discussed budget amendment requiring the Pentagon to make its data purchases public. Now the Senate will decide its fate.| Wall Street Journal: |
Dealogic: July 2022 was the first month in five years that no new SPACs raised money, after SPAC IPOs peaked in March 2021 with over $36B raised — Once-hot blank-check firms have fallen out of favor alongside cryptocurrencies and other speculative investments| Richard Nieva / Forbes: |
Report: TikTok's in-app browser injects JavaScript that can track users' keystrokes and taps into websites; TikTok confirms the code but says it's for debugging — When TikTok users enter a website through a link on the app, TikTok inserts code that can monitor much of their activity … | TechCrunch: |
Keen Technologies, an artificial general intelligence startup from ex-Oculus CTO John Carmack, raised $20M led by ex-GitHub CEO Nat Friedman and Daniel Gross — John Carmack, the game developer who co-founded id Software and served as Oculus's CTO, is working on a new venture — and has already attracted capital from some big names.
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| Caroline O'Donovan / Washington Post: |
| Ivan Levingston / Bloomberg: |
| Jessica Lyons Hardcastle / The Register: |
| Todd Spangler / Variety: |