Techmeme
June 15, 2022, 5:40 AM

Top News

Frank Chaparro / The Block:
Sources: crypto hedge fund Three Arrows Capital faces an uncertain future after a $400M liquidation; CEO Zhu tweeted we are “committed to working this out”  —  The future of crypto hedge fund Three Arrows Capital hangs in the balance as the firm faces potential insolvency after being liquidated by its lenders.
Stephanie Kirchgaessner / The Guardian:
Sources: US defense contractor L3Harris is in talks with NSO Group to acquire its core tech; White House says such a deal would raise serious security concerns  —  Deal - which would require approval from US and Israel - would give L3Harris control over controversial Pegasus tool
Jon Porter / The Verge:
Carl Pei reveals Nothing phone (1) ahead of its July 12 launch event, saying “leaks are harder to contain nowadays”; more details will be revealed over time  —  Nothing, the consumer tech startup led by OnePlus co-founder Carl Pei, has shown off the rear design of its debut Phone 1 smartphone.
Filipe Espósito / 9to5Mac:
Sources: Apple plans to refresh its entry-level iPad with a USB-C port instead of Lightning, an A14 chip, 5G, and an improved display, likely coming in 2022  —  Earlier this year, 9to5Mac exclusively reported that Apple was working on a new generation iPad Air to have the M1 chip and 5G support …
José Adorno / 9to5Mac:
Wall Street Journal:
Source: crypto lender Celsius Networks is looking for financing options from investors and exploring other strategic alternatives, like financial restructuring  —  Celsius Network, among the largest crypto lenders, has paused user accounts, citing extreme market conditions
Ash Parrish / The Verge:
Twitch expands its ad incentive program to more partners and offers bigger payouts by shifting from a flat rate for every 1,000 ads to sharing 55% of ad revenue  —  The ad incentive program will also open up to more partnered streamers  —  Twitch is expanding its ad incentive program to include more creators and pay them more money.
Chris Welch / The Verge:
Sonos Voice Control assistant review: fast, private, and good at tasks like grouping rooms, but lacks Spotify support and doesn't understand some artists' names  —  Sonos' assistant only takes music requests, and that actually works out in its favor  —  When Sonos Voice Control was announced last month …
Mary Ann Azevedo / TechCrunch:
Redfin plans to lay off ~470 staff, or 8% of its workforce, and Compass is laying off ~450 staff, or ~10%, as housing demand softens amid rising interest rates  —  Says Redfin CEO: 'I said we wouldn't lay people off unless we had to.  We have to.'  —  The housing market has taken a huge hit …
Kellen Browning / New York Times:
A Massachusetts court rules that a proposed ballot measure, backed by Uber and Lyft, to classify gig drivers as independent contractors, violates state law  —  The ruling ends a $17.8 million campaign by companies like Uber and Lyft that would have led to the classification of their drivers as independent contractors.

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