Techmeme
December 12, 2021, 11:25 PM

Top News

Filippo Valsorda / Filippo.io:
How the role of open-source maintainers could be professionalized, as the maintainer who fixed the Log4j zero-day says he works on the project in his spare time  —  Open Source software runs the Internet, and by extension the economy.  This is an undisputed fact about reality in 2021.
Manish Singh / TechCrunch:
Narendra Modi's Twitter account was briefly compromised, tweeting that India had adopted bitcoin as legal tender and linking to a sketchy website  —  The Twitter account of India's Prime Minister Narendra Modi was “briefly compromised” on Sunday, his office said.
Richa Naidu / Reuters:
Rescuers confirm at least six workers died in an Amazon warehouse hit by tornadoes in Illinois; authorities shift from rescue to recovery efforts  —  Six Amazon.com Inc (AMZN.O) workers were confirmed dead on Saturday after a series of tornadoes roared through a warehouse near St. Louis …
CNBC:
AWS blames its hours-long Tuesday outage on network devices overloading, plans to revamp its status page to address complaints about updates and support cases  —  - A major Amazon Web Services outage on Tuesday started after network devices got overloaded, the company said on Friday.
Founder Collective:
Analysis of 166 tech IPOs from 2010 to 2019: the 30 most valuable startups raised half as much capital and produced nearly 4X the value as the 30 most funded  —  Does raising a large amount of capital make a startup more likely to succeed?  Is capital a weapon?  Do startup founders need to “go big or go home?”
Mary Ann Azevedo / TechCrunch:
Nuvocargo, a logistics software startup focused on moving cargo between Mexico and the US, raises $20.5M at a $180M post-money valuation, up from $70M in April  —  Nuvocargo, a logistics startup out to help simplify the challenges of cross-border trade, has raised $20.5 million in a round led by Tiger Global Management.
More: Nuvocargo
Grace Dean / Insider:
MGM Resorts aims to reduce staff churn by having job seekers try out roles with VR, even simulations with tough customers, starting in Jan. with Strivr headsets  —  - MGM Resorts is letting applicants try a job in VR before they accept the role.  — The casino and hotel company hopes it will reduce employee attrition.
More: Gizmodo
Heejin Kim / Bloomberg:
Samsung names its newly merged smartphone, consumer electronics, and home appliances businesses the DX (Device eXperience) Division  —  Samsung Electronics Co. named its newly merged mobile-phone and home-appliances businesses “DX Division” as the tech giant moves to strengthen its corporate structure.

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