June 8, 2022, 12:30 PM

Top News

Alex Konrad / Forbes:
After leaving Amazon on July 1, Dave Clark will join supply chain software startup Flexport as co-CEO starting September 1, becoming sole CEO six months later  —  Former Amazon consumer chief Dave Clark has a new job: co-CEO, and eventually sole CEO, of $8 billion-valued supply chain software startup Flexport.
Ian Allison / CoinDesk:
Source: Citadel Securities is building a “cryptocurrency trading ecosystem” in partnership with Virtu, Sequoia, Paradigm, and others  —  The effort also includes Citadel Securities' recent venture capital (VC) backers, Sequoia and Paradigm, with more trading firms to come, according to a source familiar with the plans.
Cristina Criddle / Financial Times:
Sources: TikTok Shop in the UK is in turmoil after losing at least half its staff, or 20 people, since its launch in October, many citing a toxic workplace  —  Chinese-owned social media group launches investigation into ‘toxic’ working practices at London offices
Todd Bishop / GeekWire:
Internal email: Microsoft splits its HoloLens group as its leader Alex Kipman leaves the company; a recent Insider report described Kipman's “toxic” behavior  —  Microsoft is splitting its HoloLens mixed reality group and parting ways with Alex Kipman, the leader of the group …
Sergiu Gatlan / BleepingComputer:
In a joint cybersecurity advisory, the NSA, CISA, and the FBI reveal China-backed hackers exploited publicly known vulnerabilities to snoop on network traffic  —  Several US federal agencies today revealed that Chinese-backed threat actors have targeted and compromised major telecommunications companies …
Lawrence Abrams / BleepingComputer:
The FBI and IRS led an international operation taking down online marketplace SSNDOB that sold the names, SSNs, and dates of birth of about 24 million US people  —  SSNDOB, an online marketplace that sold the names, social security numbers, and dates of birth of approximately 24 million US people …
Dina Bass / Bloomberg:
Microsoft plans to “significantly scale down our operations in Russia”, impacting 400+ staff, while continuing “to fulfill our existing contractual obligations”  —  Microsoft Corp. is substantially reducing its business in Russia, joining the list of prominent technology firms cutting …
Amrita Khalid / Engadget:
Rolling Stone:
Sources: Twitter is fighting a request by the House January 6 committee for its internal Slack conversations, including on moderating tweets about the attack  —  Exclusive: The tech giant is refusing to hand over internal communications about how it moderated tweets about the Capitol Insurrection, sources tell Rolling Stone
Odanga Madung / Mozilla Foundation:
An analysis of political TikTok content in Kenya ahead of the August 9 general election shows hate speech and other problematic content is spreading widely  —  2. Extensive Disinformation and TikTok Policy Violations  —  3. Looking Back: Familiar Terrain for Kenyans
Emma Roth / The Verge:
Mark Zuckerberg says Crayta, a service built on Unreal Engine 4 that lets players create, share, and play games with friends, is coming to Facebook Gaming  —  The Roblox-meets-Fortnite platform lets you build games with friends  —  Crayta, a platform that lets players create, share …
Mary Ann Azevedo / TechCrunch:
Fruitful, a financial planning app in beta that offers advice for $98/month, emerges from stealth with a $25M Series A and $8M seed  —  As inflation continues to grow persistently higher, millions of Americans are struggling financially.  —  With that struggle comes a whole lot of financial stress.
Sarah McBride / Bloomberg:
Vanta, which offers enterprise data security compliance tools, raises $100M led by Craft Ventures at a $1.4B valuation  —  In some ways, Vanta Inc. looks like a startup from a frothier era.  It's run by a 35-year-old entrepreneur in San Francisco and sells software primarily to other startups.
Anita Ramaswamy / TechCrunch:
Brooklyn-based Entropy, a decentralized crypto custodian that works across blockchains, raises a $25M seed led by a16z, following a $1.95M pre-seed in January  —  Tux Pacific isn't your average tech founder.  They're a self-taught cryptographer who dropped out of college …

Sponsor Posts

Managing a Complex Multi-Cloud Environment Requires a Reliable Ecosystem  —  To avoid vendor lock-in and effectively manage your mission critical workload needs, you need a reliable ecosystem and architecture
Transforming customer relations management with digital signatures and Zoho Sign  —  Today, nearly every company uses customer relationship management (CRM) software for their sales and marketing operations.
New opportunities are waiting for you  —  Join 100,000+ entrepreneurs buying and selling startups on the world's #1 acquisition marketplace.  Expertly curated to match serious buyers with pre-vetted startups of all sizes.
Techmeme Leaderboards:
Find the top reporters on AI, NFTs, VR, AR, VC and much more  —  We've analyzed Techmeme's news crawl data to identify the most influential writers on 46 topics.  Download reports immediately for just $100.  No sub needed!
Techmeme Ride Home:
Wed. 10/05 - Elon Wants Twitter Now. We Think. Who KNOWS ANYMORE!!??
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 12:30 PM ET, June 8, 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.

More News

Michael del Castillo / Forbes:

Earlier Picks

Lauren Feiner / CNBC:
Matt Burgess / Wired:
Sean Hollister / The Verge: