Techmeme
June 15, 2022, 6:25 PM

Top News

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.”
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”. 🧵
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.
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.
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 …
More: 9to5Mac
Financial Times:
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.

Sponsor Posts

Intel:
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
Vesto:
The treasury management platform built for startups  —  Put your idle cash to work, earn higher yields, and extend your runway with Vesto.
Zoho:
Hurdles that companies face with internal communication and how to deal with them  —  The success of any organization depends largely on how well its employees work together.  Even if a business is working …
Census:
Figma's CFO on how they built a $20B business with data  —  From Series B to acquisition, Figma needed Census to scale their business operations on top of their data warehouse.
Climate Draft:
Climate Career Resources for Laid Off Tech Workers  —  Your skills are in demand!  Check out our jobs board, learn about the climate ecosystem, and join our directory to make yourself discoverable to top venture-backed startups.
Techmeme Ride Home:
Thu. 12/08 - Explaining Those Lensa Magic Avatars
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 6:25 PM ET, June 15, 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

Nilesh Christopher / Rest of World:
Sydney Maki / Bloomberg:

Earlier Picks

Sergiu Gatlan / BleepingComputer:
Stephanie Kirchgaessner / The Guardian:
Filipe Espósito / 9to5Mac: