Techmeme
September 13, 2025, 12:55 AM

Top News

Gabe Rivera / Techmeme News:
On Techmeme's 20th birthday, its founder explains what's behind the site's consistency, debunks some supposed media trends, and outlines future directions  —  Please clap for Techmeme  —  Techmeme turns 20 freaking years old today.  This is our self-congratulatory post marking the occasion.
Tanaya Macheel / CNBC:
Gemini closed up 14.3% at $32 per share in its Nasdaq debut, giving it a ~$3.8B market cap, after the Winklevoss twins' crypto exchange raised $425M in its IPO  —  Shares of Gemini Space Station rallied 14% on Friday after the exchange operator raised $425 million in an initial public offering.
Annie Palmer / CNBC:
Opendoor's new chairman Keith Rabois says “I don't know what most” of its 1,400 employees do and the company doesn't need “more than 200 of them”  —  Opendoor co-founder and newly minted board chair Keith Rabois said remote work and a “bloated” workforce have been a drag …
Daniel Kuhn / The Block:
Tether launches the US-regulated USAT stablecoin and names Bo Hines, the former Executive Director of the White House Crypto Council, as CEO of its new US unit  —  - USAT is designed to be a U.S.-regulated, dollar-backed stablecoin and a complement to USDT, which has about $169 billion in circulation.
Sarah Perez / TechCrunch:
Mastodon plans to roll out quote posts next week, with safety features that give users several ways to control how their posts can be quoted, to avoid “dunking”  —  Mastodon, an open source, decentralized alternative to X, is rolling out a somewhat controversial feature by adding quote posts, which will launch next week.
Amit Chowdhry / Pulse 2.0:
AI video generation startup Higgsfield raised a $50M Series A led by GFT Ventures  —  Higgsfield.ai, a rapidly growing company specializing in AI for video creation, has announced the successful close of its $50 million Series A funding round.  The investment was led by GFT Ventures and joined …
Rebecca Bellan / TechCrunch:
Shares of transit software company Via closed at $49.51 in their NYSE debut, above the $46 IPO price, giving Via a market cap of ~$3.9B, after raising $492.9M  —  Investors took a cautious approach to transit software startup Via's IPO on Friday, with shares opening below the company's IPO price …
Wall Street Journal:
Some 20-somethings flocking to SF to build trillion-dollar AI startups say no to booze, sleep, and fun as they strive to be, or appear to be, the most obsessed  —  To reach the dream of creating a trillion-dollar company, the 20-somethings flocking to San Francisco give up everything but their laptops
Ina Fried / Axios:
OpenAI and Microsoft say they “signed a non-binding memorandum of understanding for the next phase of our partnership”, and are working to finalize the terms  —  OpenAI and Microsoft said Thursday they have reached preliminary terms on a revised partnership and are “actively working to finalize” a definitive agreement.
Ashley Capoot / CNBC:

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Coco Feng / South China Morning Post:
Barbara Moens / Financial Times:
Pranav Baskar / New York Times:
Rebecca Bellan / TechCrunch:
Chance Miller / 9to5Mac:
Reuters:
Leah Nylen / Bloomberg: