Techmeme
January 22, 2022, 3:20 PM

Top News

Tracy Wang / CoinDesk:
CoinGecko: since Thursday, the cryptocurrency industry's market cap is down ~20% to ~$1.6T; Bitcoin fell ~20% to ~$34K and Ethereum fell ~30% to ~$2.3K  —  Cryptocurrencies are getting rekt.  —  Crypto blue-chips bitcoin (BTC) and ether (ETH) breached key $40,000 and $3,000 support levels …
Mark Williams / The Columbus Dispatch:
How Ohio attracted Intel to build semiconductor plants, including pursuing execs for eight months, financial incentives, sustainability commitments, and more  —  It was a Christmas morning surprise for Ohio's governor and lieutenant governor: Intel was coming to Ohio.
Alana Semuels / TIME:
Intel commits $20B to build at least two semiconductor fabrication plants on a 1,000-acre site by 2025, employing at least 3,000 people in New Albany, Ohio  —  As part of an effort to regain its position as a leading maker of semiconductors amidst a global chip shortage …
Alex Wilhelm / TechCrunch:
Plaid acquires Cognito, which offers ID verification and compliance services to financial firms, source says for ~$250M in cash and stock  —  Plaid, a fintech unicorn known for its APIs that connect consumer bank accounts to financial applications, announced today that it is buying Cognito.
Stefanie Marotta / Bloomberg:
Shopify confirms it canceled contracts with warehouse and fulfillment partners, but says its capacity to handle orders won't be affected; stock closed down 14%  —  Shopify Inc. plunged by the most since March 2020 after a report that the Canadian e-commerce company terminated contracts with several warehouse and fulfillment partners.
Bloomberg:
A look at ID.me, which will soon be used to verify IRS.gov logins and claims to have uncovered a $400B theft of US pandemic unemployment payments  —  If you were writing a techno-thriller, you'd give your hero a backstory like Blake Hall's.  He's a Harvard MBA, an alumnus …
Jason Schreier / Bloomberg:
A group of 34 QA testers at Activision Blizzard's Raven Software vote to unionize with the CWA, and ask the company to voluntarily recognize their union status  —  Microsoft Corp.'s planned acquisition of Activision Blizzard Inc. will come with an unexpected and perhaps unwelcome addition: a small group of unionized workers.
Vittoria Elliott / Rest of World:
US tech firms are “nearshoring” Latin American talent, lured by cheaper costs and similar time zones, leading to staffing shortages at tech firms in the region  —  As a hedge against American talent poachers, some exasperated founders are recruiting developers who can't speak English.
More: The Diff

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