Techmeme
June 15, 2022, 3:40 PM

Top News

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.
Molly White / @molly0xfff:
[Thread] A look at Kraken's announcement of a culture overhaul, eschewing “stereotypical team diversity measurements”, as the crypto exchange touts hiring plans  —  Kraken, a U.S.-based crypto exchange, has announced they'll be continuing to hire, and have announced a culture overhaul that promotes “diversity of thought” over “stereotypical team diversity measurements” and prohibits describing another's words as “racist” or “x-phobic”. 🧵
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:
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
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.
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.
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 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.
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
Financial Times:
Miles Kruppa / Wall Street Journal:
Google says 1.5B people watch YouTube Shorts every month; TikTok said it had 1B MAUs in September 2021, growing to an estimated 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 strange given the company has spent lavishly to boost Mark Zuckerberg and its executives  —  For an entrepreneur who has made “community” his life's mission, Mark Zuckerberg has always seemed oddly fixated on managing his own appearance.
Sydney Maki / Bloomberg:
As crypto markets tank, El Salvador has so far lost ~$56M after President Nayib Bukele bought 2,301 bitcoin, raising concerns about debt repayments  —  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.
Kyle Wiggers / TechCrunch:
Fountain, which builds tools to help employers track applicants during the interview process, raised $100M led by B Capital at a nearly $1B valuation  —  The “Great Resignation,” the trend where workers are leaving their jobs at a higher-than-usual rate, is continuing unabated.
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