Techmeme
February 18, 2022, 11:45 AM

Top News

Jeran Wittenstein / Bloomberg:
Meta drops out of the top 10 most valuable companies globally, dropping five places since September 2021 as its market value declined by $513B to $565B  —  Meta Platforms Inc. has tumbled out of the world's 10 largest companies by market value, hammered by its worst monthly stock decline ever.
Reed Albergotti / Washington Post:
Sources: some US Apple Store employees are working to unionize, with groups in at least two stores preparing to file paperwork with the NLRB in the near future  —  Employees at several Apple Stores across the country are quietly working to unionize, according to people familiar with the efforts …
Andrew Cunningham / Ars Technica:
Windows 11 Pro's initial setup phase will require a Microsoft Account and an internet connection, like for Windows 11 Home  —  It's one of the new build's smaller changes—but also one of the most annoying.  —  Now that Windows 11's first major post-release update has been issued …
Dr. Ian Cutress / AnandTech:
Intel Xeon roadmap: Emerald Rapids, based on Intel 7 process, coming in 2023, Granite Rapids and new Efficient-core Sierra Forest in 2024, both built on Intel 3  —  It's no secret that Intel's enterprise processor platform has been stretched in recent generations.
Chaim Gartenberg / The Verge:
Alex Heath / The Verge:
Meta confirms the combined monthly user base for Horizon Worlds and Venues has grown to 300,000 people, up 10x since launching in December  —  That's a 10x increase in about three months.  But can the growth continue?  —  Facebook has bet its future on virtual reality and the metaverse …
Dan Primack / Axios:
Source: Helium, a decentralized network of 500K+ cryptocurrency-mining hotspots that offer free p2p networking, raises a $200M Series D at a $1.2B valuation  —  The existential question of crypto “utility” continues to roil the tech community, pitting some Web 2.0 icons against their web3 cousins.
More: The Block
New York Times:
Sources: the value of Spotify's deal with Joe Rogan, which covers three and a half years, was at least $200M, twice the $100M that reports suggested at the time  —  The deal that brought his podcast to Spotify is said to be worth over $200 million, more than was previously known.
Don Clark / New York Times:
A profile of Intel CEO Pat Gelsinger, who joined the company at 18, as he seeks to rejuvenate the beleaguered giant by building chip factories across the world  —  Patrick Gelsinger is back running a company he first joined at 18.  The chip maker was a Silicon Valley titan that lost its luster.
Jennifer Schonberger / Yahoo Finance:
Source: Biden is expected to issue an EO next week directing agencies to study crypto and a CBDC, and come up with a strategy to regulate digital assets  —  President Biden is expected to issue an executive order next week directing agencies across the government to study cryptocurrencies …
Mary Ann Azevedo / TechCrunch:
Coast, which makes expense management software to help companies control fuel and fleet spending, raises a $27.5M Series A co-led by Accel and Insight Partners  —  Coast, which aims to help companies control fuel and fleet spending with its expense management software, has raised $27.5 million …

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More News

Parmy Olson / Bloomberg:
Steve Lohr / New York Times:
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Earlier Picks

Andrew Blok / CNET:
Bloomberg:
Chris Strohm / Bloomberg:
Nicole Wetsman / The Verge:
Dan Primack / Axios: