| Molly White / @molly0xfff: |
| New York Times: |
Internal Kraken comms and interviews with five workers: some staff accuse CEO Jesse Powell of fostering a hateful workplace and dozens are considering quitting — Jesse Powell, who leads the crypto exchange Kraken, has challenged the use of preferred pronouns, debated who can use racial slurs and called American women “brainwashed.”| Frank Chaparro / The Block: |
Sources: crypto hedge fund Three Arrows Capital faces an uncertain future after a $400M+ liquidation; CEO Su Zhu: we are “fully 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.| Alex Heath / The Verge: |
Internal memo: Meta plans to make Facebook more like TikTok, including bringing Messenger back into the app and recommending posts from “unconnected” sources — Facebook employees were recently given a new directive with sweeping implications: make the app's feed more like TikTok.| Josh Taylor / The Guardian: |
Microsoft retires Internet Explorer after nearly 27 years, disabling the desktop app and directing users to Edge, which arrived with Windows 10 in 2015 — Company says decision to disable desktop app comes as web developers less likely to make sites compatible with browser, which first graced computers in 1995| Jon Porter / The Verge: |
Carl Pei reveals Nothing phone (1) ahead of its July 12 launch event, saying “leaks are harder to contain nowadays”; details likely to come over the next month — Nothing, the consumer tech startup led by OnePlus co-founder Carl Pei, has shown off the rear design of its debut Phone 1 smartphone.| Tim Bradshaw / Financial Times: |
| New York Times: |
NHTSA data from July 1, 2021, to May 15, 2022: six people died in 392 incidents involving driver-assistance tech; Teslas were in 273 crashes and five were fatal — The National Highway Traffic Safety Administration released data on 10 months of crashes involving systems like Tesla's Autopilot.| Foo Yun Chee / Reuters: |
The EU's General Court sides with Qualcomm over the European Commission's €997M fine from 2018 for allegedly paying Apple billions to use only Qualcomm chips — U.S. chipmaker Qualcomm (QCOM.O) on Wednesday won its fight against a 997-million-euro ($1.05 billion) fine imposed … | James Vincent / The Verge: |
YouTube launches a corrections feature, letting creators add infocards in the top right-hand corner of a video at a relevant timestamp — Instead of having to re-upload a whole video — Everyone makes mistakes, but if you mess up a fact or flub a line in a YouTube video it can be hard to correct the error.| Ron Miller / TechCrunch: |
DataStax, which develops a cloud-native noSQL database built on Apache Cassandra, raised $115M at a $1.6B valuation; DataStax had an $830M valuation in 2014 — When DataStax hired Chet Kapoor as CEO in October 2019, one of the first moves he made was to bring in his old pal Sam Ramji … | Miles Kruppa / Wall Street Journal: |
Google says 1.5B+ people watch YouTube Shorts every month; TikTok had 1B+ MAUs in September 2021 and third parties estimated almost 1.6B MAUs in March 2022 — Alphabet's Google discloses Shorts monthly viewership for first time amid heightened competition from TikTok and Instagram Reels| Max Chafkin / Bloomberg: |
Meta's reported investigation into Sheryl Sandberg's expenses feels odd given the company spends extreme sums of money to burnish its executives' reputations — For an entrepreneur who has made “community” his life's mission, Mark Zuckerberg has always seemed oddly fixated on managing his own appearance.| Financial Times: |
Celsius portrays itself as a simple company offering “financial freedom” but risky trades have led to a crisis, halving its assets this year to $12B in May 2022 — Celsius Network co-founder Alex Mashinsky was in a defiant mood on Twitter this past weekend.| Wall Street Journal: |
| Bloomberg: |
Spotify CEO tells staff the company plans to slow hiring by 25%; Spotify added 2,000+ staff from 2019 to 2021, bringing its headcount to 6,617; stock is up 7%+ — Spotify Technology SA will slow hiring growth by 25%, the latest sign of how fears of a recession are weighing on the economy.| Anna Kramer / Protocol: |
NLRB files a complaint against Mapbox, alleging it threatened job loss for union organizing and fired union organizers after a failed vote in August 2021 — Mapbox has just been slapped with a complaint from the National Labor Relations Board that alleges the company's leadership threatened job loss … | Sydney Maki / Bloomberg: |
As crypto tanks, El Salvador has lost almost $56M, more than half of what President Nayib Bukele spent to buy 2,301 bitcoin, raising debt repayment concerns — An epic rout that has wiped out about two-thirds of Bitcoin's value is exacerbating the debt crisis in the world's most crypto-friendly country.
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| Sergiu Gatlan / BleepingComputer: |
| Stephanie Kirchgaessner / The Guardian: |
| Filipe Espósito / 9to5Mac: |