June 8, 2022, 12:23 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.

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