Techmeme
February 18, 2022, 12:35 PM

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.
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 …
Ingrid Lunden / TechCrunch:
Meta says Jeren A. Miles, its head global community development, is no longer with the company after a video of him in an underage sex sting went viral  —  Meta, the parent company of Facebook, has confirmed to TechCrunch that Jeren A. Miles, who had been a manager of global community development …
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 …
Kirsten Grind / Wall Street Journal:
Sources: federal and state regulators have widened their investigation into how Activision Blizzard CEO and its board handled workplace misconduct allegations  —  SEC subpoenas more current and former executives; California agency seeks additional information on CEO Bobby Kotick and board's handling of workplace misconduct allegations
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
Parmy Olson / Bloomberg:
Nick Clegg's promotion reduces Mark Zuckerberg's responsibility for tackling uncomfortable policy issues and obscures his enduring grip over voting shares  —  Facebook has always been good at telling a story.  After a whistle-blower revealed astonishing harm caused by the company's products …
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.

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Mary Ann Azevedo / TechCrunch:
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Earlier Picks

Jordan Novet / CNBC:
New York Times:
Andrew Blok / CNET:
Bloomberg:
Chris Strohm / Bloomberg:
Nicole Wetsman / The Verge:
Dan Primack / Axios: