|
May 12, 2022, 10:05 PM
|
Mediagazer
memeorandum
WeSmirchTop News
| Tim Copeland / The Block: |
Terraform Labs resumes Terra block production, with staking disabled, after halting the blockchain “to prevent governance attacks” following LUNA's collapse — Quick Take — Terraform Labs has said the Terra blockchain has been halted. — This is due to concerns …
Source:
@terra_money. More:
Bloomberg, Decrypt, CoinDesk, Cointelegraph, Bitcoin Magazine, The Verge, Decrypt, CoinDesk, Market Meditations, and Web3 is going just great
| Joanna Ossinger / Bloomberg: |
After UST's collapse, most rival algorithmic stablecoins are below their dollar peg; the biggest non-algorithmic stablecoins USDT and USDC are mostly holding — Stablecoins besides TerraUSD are failing to live up to their billing as the collapse of the algorithmic token has investors pondering …
More:
The Independent, Wall Street Journal, CNBC, TechCrunch, CoinDesk, Bankless, Cointelegraph, Bloomberg, Web3 is going just great, VICE, and kyla's Newsletter
Tweets: @stablekwon, @terra_money, @johnbrownlow, @stablekwon, @ariadneconill, @molly0xfff, @lukeisamazing, @mskidchaos, @traderkoz, @kadhim, @jerallaire, @stablekwon, @jqt_galaxe, @davidgerard, @lawmaster, @sbf_ftx, @jemgold_, @katie_martin_fx, @nkulw, @zhusu, @bramcohen, @alexhern, @rekthq, @lawmaster, @tautologicaly, @carnage4life, @lhm1, @sbf_ftx, @kadhim, @macnbtc, @lubchansky, @carnage4life, @lawmaster, @sbf_ftx, @barrysilbert, @thestalwart, @trustlessstate, @timccopeland, @parismarx, @unusual_whales, @lawmaster, @asvanevik, and @crypto
| Shaurya Malwa / CoinDesk: |
Terra's LUNA drops to $0.01, a 99%+ decline in 24 hours, down from $60 earlier this week and $120 in mid-April, after Terra's UST stablecoin lost its dollar peg — LUNA tokens lost 96% in the past 24 hours alone, prompting more to be minted in a mechanism that helped lift the UST price.
More:
Terra Research Forum, Bloomberg, and Financial Times
Tweets: @paoloardoino, @cobie, @ojuice_eth, @kantrowitz, @atari_buzzk1ll, @profjeffjarviss, @mtsw, @iamlluciana, @cobie, and @cobie
| Financial Times: |
Tether CTO Paolo Ardoino declines to reveal details about the company's $40B US government bond holdings, for fear of revealing its “secret sauce” — Token's tech chief declines to provide details on Treasury holdings on fear of revealing ‘secret sauce’
More:
tether.to, CNBC, Life in the 21st Century, Bloomberg, MarketWatch, and بهر …
| @kayvz: |
[Thread] Twitter product chief Kayvon Beykpour says he is leaving at the request of CEO Parag Agrawal, who wants to “take the team in a different direction” — Interrupting my paternity leave to share some final @twitter-related news: I'm leaving the company after over 7 years.
More:
Financial Times, The Verge, New York Times, Platformer, TechCrunch, MobileSyrup, and Variety
Tweets: @kayvz, @caseynewton, @boo, @mikeisaac, @kayvz, @kimmasters, @kayvz, @alex, @rmac18, @reckless, @sal19, @kayvz, @nickstatt, @kurtwagner8, @caseynewton, @samsheffer, @caseynewton, @carnage4life, @karaswisher, @film_girl, @kantrowitz, @jess, @willoremus, @_dml, @chadloder, @willoremus, @karaswisher, @mikeisaac, @financialtimes, @lindseyboylan, @thauburger, @reckless, @meganmorrone, @willoremus, @kantrowitz, @katies, @carnage4life, @caseynewton, @jessicalessin, @kvlly, and @alexrkonrad
| Bloomberg: |
In a memo, Twitter CEO Parag Agrawal announces a hiring freeze and other cost-cutting efforts; VP of product Jay Sullivan will take over as head of product — Twitter Inc. Chief Executive Officer Parag Agrawal announced a hiring freeze and other cost-cutting efforts on Thursday …
More:
New York Times, The Verge, Fox Business, Engadget, Gizmodo, Android Headlines, The Guardian, and CNBC
Tweets: @boo, @boo, @jordanzakarin, @oneunderscore__, @w7voa, @ericajoy, @kantrowitz, @sarthakgh, @gossithedog, and @willoremus
| Veronica Irwin / Protocol: |
Masayoshi Son says SoftBank plans to cut its startup investments by 50%-75% through March 2023, after Vision Fund reported a $20B+ loss for its fiscal year — Japanese conglomerate SoftBank is severely cutting its planned startup investments through next March, Chief Executive Masayoshi Son said in a Thursday earnings call.| Sam Nussey / Reuters: |
| Washington Post: |
Interviews with 17 Hollywood insiders reveal that celebrities view Twitter as a high-risk, low-reward platform, and why Musk's ownership might make it worse — Elon Musk was right that Twitter's most popular accounts have gone quieter over the years. Hollywood insiders explain what happened …
Tweets: @jeffnolan, @theeashleyray, @whereisdaz, @kantrowitz, @lisakayhawes, @nickmartin, @mattnavarra, @karissabe, @triketora, @taylorlorenz, and @willoremus
| Lucas Matney / TechCrunch: |
Ex-Facebook crypto chief David Marcus launches Lightspark, a payments startup building on Bitcoin's Lightning network, backed by a16z, Paradigm, and others — After his departure from Facebook in November, many crypto industry insiders speculated where long-time executive David Marcus would land.
More:
Andreessen Horowitz, The Block, Bloomberg, Matrix Partners Viewpoints, CoinDesk, Finextra, and Crypto Briefing
Tweets: @davidmarcus, @colum, @davidmarcus, @bullyesq, @fehrsam, @jack, @sriramk, @ravmike, @aaronwise5147, @davidmarcus, @mikeisaac, @sriramk, @kantrowitz, @spiritofbitcoin, @mikeisaac, @smtuffy, and @thestalwart
| Lora Kolodny / CNBC: |
In an email, Jason Calacanis says he is “collecting interest to invest in Twitter” as part of Elon Musk's buyout; the minimum investment to participate is $250K — - Jason Calacanis, who's known for early bets on companies like Uber and Robinhood, is pulling together funds …
Tweets: @lorakolodny
| Ryan Browne / CNBC: |
Bitcoin fell below $26K for the first time since December 2020, down 20%+ in a week; ether fell to $1,704, its lowest level since July 2021, down 30%+ in a week — - The price of bitcoin plunged below $26,000 on Thursday, hitting its lowest level in 16 months.| David Yaffe-Bellany / New York Times: |
Tweets: @saylor, @tedtalksmacro, @hkanji, @charlesarthur, @flitteronfraud, @nntaleb, @alfonslopeztena, @jamesgleick, and @brentnyt
| Scott Stein / CNET: |
Mark Zuckerberg demos mixed reality on Meta's Project Cambria headset; Meta will enable MR app development for Quest 2 and Cambria via its Presence Platform — A demo of Meta Cambria demonstrates how it blends AR and VR, while Quest 2 headsets could be used to develop apps in the meantime.
Source:
Facebook. More:
YouTube, NBC News, Protocol, Android Central, Digit, The Verge, TechEBlog, Engadget, Road to VR, VRScout, UploadVR, SiliconANGLE, Mashable, and PCMag
Tweets: @meta, @sadlyitsbradley, @metanewsroom, @rengle820, @boztank, @technogoy, @ricmac, @boztank, @ryborggaming, @stevekovach, @jetscott, @lucasmtny, @javierdavalos, @kentbye, @robertjala, @bmfshow, @kentbye, @boztank, @sadlyitsbradley, @ahangarzadeh, @vr_oasis, @cixliv, @jonnyj17, @samred, @yuanruby, @kentbye, @nickstatt, @lisperati, @blakedgross, @vr_sam, @tidefallcapital, and @leaper81
| Tanaya Macheel / CNBC: |
SEC filing: FTX CEO Sam Bankman-Fried bought a 7.6% stake, worth $648M, in Robinhood, calling it “an attractive investment”; stock jumps 20%+ after hours — Sam Bankman-Fried, the CEO of crypto exchange FTX, has taken a 7.6% stake in Robinhood, according to a Thursday filing with the Securities and Exchange Commission.
More:
CoinDesk, Reuters, Decrypt, Bloomberg, Associated Press, Crowdfund Insider, Fortune, MarketWatch, Benzinga, The Block, Wall Street Journal, and Financial Times. Tweets: @epro
| Mahira Dayal / The Information: |
PitchBook: 16 new VC funds with 60%+ female decision makers have raised $4.5B from January to April 2022; women-led funds raised $3.7B in 2021 and $1.8B in 2020 — For years, women-led venture capital funds were the true Silicon Valley unicorns, a rarity in a sector where the vast majority of check writers are men.| Yueqi Yang / Bloomberg: |
Coinbase's market cap falls to $12.98B from a $75B+ peak in 2021 as its stock closes at $58.50, far below its first day closing price of $328.28 in April 2021 — Coinbase Global Inc. has declined precipitously this year, largely mimicking the drop in Bitcoin prices and taking its market value …
More:
Decrypt, The Tokenist, and Associated Press
| Financial Times: |
Source:
@brian_armstrong. More:
The Register, CNN, The Coinbase Blog, Cointelegraph, Insider, and KnowTechie
| David Pierce / The Verge: |
A look at Google's “ambient computing” strategy, a bid to unify its disparate hardware lines, led by the Pixel team, while keeping its Android partners happy — Making ambient computing happen is forcing Google to change how it does everything — The story of this year's Google I/O actually started three years ago.| Lauren Kaori Gurley / VICE: |
Leaked memo: Apple is sending anti-union talking points to US retail store leaders, including that workers could lose “flexibility” and merit-based promotions — Apple is instructing managers to tell retail workers that they could lose benefits and career opportunities if they unionize.
More:
The Verge, Bloomberg, YouTube, AppleInsider, and 9to5Mac
Sponsor Posts
OVHcloud:
Escape Ingress/Egress Fees — Experience seamless multi-cloud solutions without ingress/egress constraints. Optimize costs and pave the way for a sustainable digital future.
Escape Ingress/Egress Fees — Experience seamless multi-cloud solutions without ingress/egress constraints. Optimize costs and pave the way for a sustainable digital future.
Standard Metrics:
Nail Portfolio Reviews, Board Meetings and LP Reporting — You didn't hire that Stanford grad to manage spreadsheets. Automate VC portfolio reporting and free your talented team up to deliver portfolio insights.
Nail Portfolio Reviews, Board Meetings and LP Reporting — You didn't hire that Stanford grad to manage spreadsheets. Automate VC portfolio reporting and free your talented team up to deliver portfolio insights.
Tribe AI:
Build AI products that matter — Tribe AI helps organizations rapidly deploy AI solutions that have real business impact. We bring together world class AI talent and tooling to drive differentiated results.
Build AI products that matter — Tribe AI helps organizations rapidly deploy AI solutions that have real business impact. We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
Introducing Apple's Journaling Suggestions in Zoho Notebook — Are you ready to take your journaling to the next level? At Zoho Notebook, we are excited to announce a captivating new feature in our iOS app: Apple's Journaling Suggestions!
Introducing Apple's Journaling Suggestions in Zoho Notebook — Are you ready to take your journaling to the next level? At Zoho Notebook, we are excited to announce a captivating new feature in our iOS app: Apple's Journaling Suggestions!Who's Hiring In Tech?
The Logan Bartlett Show:
EP 111: How Josh Reeves (CEO, Gusto) Built a $10B Company Serving Small Businesses
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show!
Techmeme Ride Home:
Fri. 07/26 - SearchGPT
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via
Apple Podcasts,
Spotify, or
RSS.
About This Page
This is a Techmeme archive page. It shows how the site appeared at 10:05 PM ET, May 12, 2022.
The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.
From Mediagazer
Alex Weprin / The Hollywood Reporter:Bron Maher / Press Gazette:
Bloomberg:
Upcoming Tech Events
More News
| Thomas Stackpole / HBR.org: |
More:
Slate. Tweets: @molly0xfff, @theburningmonk, @marcprecipice, @morganricks1, @ahcastor, @gergelyorosz, and @ryanlcooper
Earlier Picks
| Reuters: |
More:
Financial Times, Wall Street Journal, Nikkei Asia, DigiTimes, 9to5Mac, iThinkDifferent, iPhone in Canada Blog, and The Mac Observer. Tweets: @dnystedt
| Jay Peters / The Verge: |
More:
Philip Elmer‑DeWitt, Insider, Redmond Pie, iPhone in Canada Blog, Cult of Mac, and KnowTechie
Tweets: @onleaks, @chriswelch, @starfire2258, @jaypeters, @_gbalaji, @glynmoody, and @campuscodi