Techmeme
December 29, 2021, 9:50 AM

Top News

Mark Gurman / Bloomberg:
Sources: Apple issued rare bonuses of restricted stock worth $50K-$180K to select engineers, after Meta poached ~100 Apple engineers over the past few months  —  Apple Inc. has issued unusual and significant stock bonuses to some engineers in an effort to retain talent …
Sergiu Gatlan / BleepingComputer:
Some LastPass users say their master passwords were compromised and used in blocked login attempts from unknown IPs; LastPass blames “credential stuffing”  —  Many LastPass users report that their master passwords have been compromised after receiving email warnings that someone tried …
Abner Li / 9to5Google:
Waymo partners with Chinese automotive company Geely to bring a “rider-first” EV with no steering wheel to its US robotaxi Waymo One fleet in the coming years  —  Waymo One is Alphabet's Lyft/Uber competitor that's live in Phoenix and currently undergoing testing in San Francisco.
Bloomberg:
Apple places Foxconn's southern India factory on probation following worker protests and an investigation that revealed substandard living conditions  —  - Foxconn apologized for lapses in worker living conditions  — Apple has asked for corrective actions before factory reopens
Cobie:
The Dogecoin bull run in 2021 and recent airdrop of $SOS tokens by a third party to OpenSea users shows that the only scarce resource in crypto is attention  —  People talk a lot about scarcity in crypto.  Whether it's enforcing digital scarcity through NFTs or the idea that “there's 55m millionaires but only 21m bitcoins”.
Kris Holt / Engadget:
Adam Mosseri says in 2022 Instagram will “double down” on video, consolidate its video products around Reels, and focus on creators, transparency, and messaging  —  In a brief year-end video message, Instagram head Adam Mosseri offered some insight into what's ahead for the platform.
Monica Alleven / Fierce Wireless:
US appeals court rules in favor of the FCC's decision to designate a large swath of the 6 GHz band to unlicensed users, after AT&T challenged the FCC  —  The U.S. Court of Appeals for the District of Columbia Circuit ruled in favor of the Federal Communications Commission (FCC) …
Laura Forman / Wall Street Journal:
Early pandemic winners, including Cathie Wood's ARK fund, Peloton, Zoom, Poshmark, DocuSign, Chegg, and Zillow, have seen their market value decline in 2021  —  Those former tech sweethearts that experienced a reversal in fortune this year could remain in the dumps in 2022
Debarghya Sil / Inc42:
Indian B2B manufacturing services marketplace Zetwerk raises a $210M Series F led by Greenoaks at a $2.5B valuation, four months after raising $150M  —  D1 Capital, IIFL, ICONIQ, and Steadview Capital also participated in the new round  —  As per Inc42 analysis, the new round will help Zetwerk's valuation soar to $2.5 Bn
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