Techmeme
March 15, 2022, 1:20 PM

Top News

Ian Allison / CoinDesk:
ConsenSys, which develops and invests in Ethereum projects, announces a $450M Series D led by ParaFi Capital at a $7B valuation and says MetaMask has 30M+ MAUs  —  The hefty Series D more than doubles the firm's previous valuation from November 2021.  —  Ethereum application …
Ian King / Bloomberg:
Internal memo: Arm to cut up to 1,000 jobs, or 15% of its workforce in the UK and the US, before its IPO; a source says most of the cuts won't affect engineers  —  Arm Ltd., the SoftBank Group Corp. unit preparing for an initial public offering, will cut as much as 15% of its workforce …
Kate Kaye / Protocol:
The FTC, which has long struggled to combat deceptive data practices, is increasingly forcing companies to delete algorithmic systems built with ill-gotten data  —  The Federal Trade Commission has struggled over the years to find ways to combat deceptive digital data practices using its limited set of enforcement options.
Chaim Gartenberg / The Verge:
AMD plans to release the Ryzen 7 5800X3D, the “world's fastest gaming processor”, on April 20 for $449, marking the debut of the company's 3D-stacking V-Cache  —  Along with a new slate of more affordable processors coming April 4th  —  AMD's latest desktop processor …
Chaim Gartenberg / The Verge:
TechCrunch:
Aptos, a Layer 1 blockchain built by ex-Meta employees who worked on Diem, raises $200M at a $1B+ valuation led by a16z  —  Facebook's audacious attempt at creating a crypto payments network met an unceremonious end earlier this year when Silvergate Capital acquired the Diem technology assets for $182 million.
Manish Singh / TechCrunch:
Pakistan-based Bazaar, which operates a B2B marketplace for merchants and helps them digitize their bookkeeping, raises a $70M Series B  —  Dragoneer Investment and Tiger Global are backing Bazaar, a startup that is attempting to digitize Pakistan's retail with e-commerce …
Aodhan O Faolain / TheJournal.ie:
Bloomberg:
Analysis: TV shows make up ~75% of Netflix's top 10 lists, the average hit fades after two weeks or less, and Asian hits overlap the least with other markets  —  Nobody in Hollywood knows for sure what works on Netflix.  —  The company releases statistics like “26 million people watched this show in the first 28 days.”
Filipe Espósito / 9to5Mac:
After complaints, Twitter reverts its latest iOS update, removing the Latest Tweets tab and restoring the Home tab and the default chronological tweets option  —  Twitter was heavily criticized when it switched from the chronological timeline to the new feed that shows suggested tweets instead.
Kyle Wiggers / VentureBeat:
RightBound, which automates customer insights and outreach for sales representatives, raises a $15.5M Series A extension, for a total Series A of $27M  —  AI and automation have the potential to transform the sales industry.  A 2020 Harvard Business Review report found that AI could create …
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