Techmeme
June 17, 2022, 12:25 PM

Top News

Casey Newton / Platformer:
Bloomberg:
Serena Ng / Wall Street Journal:
Crypto hedge fund Three Arrows Capital is exploring options including asset sales and a rescue by another firm, and says it invested about $200M in Luna  —  Firm's founders say they still believe in the future of cryptocurrencies  —  Cryptocurrency-focused hedge fund Three Arrows Capital Ltd …
Financial Times:
The Verge:
Snap is internally testing Snapchat Plus, a paid subscription service that will give users early access to exclusive, experimental, and pre-release features  —  It's currently in “early internal testing”  —  Snap is doing internal tests of a paid subscription called Snapchat Plus …
Natasha Lomas / TechCrunch:
The UK publishes its final response to a data reform consultation to diverge from EU rules, including replacing cookie pop-ups with browser-based opt-outs  —  The UK government has published its final response to a data ‘reform’ consultation it kicked off last year, laying out how it intends …
Makena Kelly / The Verge:
A group of Senate Democrats calls on the US Commerce Department to follow EU and develop a strategy to require a common charging port across all mobile devices  —  No more Lightning ports?  —  A group of Senate Democrats is calling on the US Commerce Department to follow Europe's lead …
Janko Roettgers / Protocol:
Ryan Mac / New York Times:
Sources: SpaceX fired employees who helped write and distribute an open letter calling Elon Musk's behavior “a frequent source of distraction and embarrassment”  —  In an email, Gwynne Shotwell, SpaceX's president, said the letter had made other employees “feel uncomfortable, intimidated and bullied.”
Reuters:
Sources: China's central bank accepted Ant Group's application to set up a financial holding company, a key step in a year-long revamp of the fintech business  —  China's central bank has accepted Ant Group's application to set up a financial holding company, three people with knowledge of the matter said …
More: PingWest
Wall Street Journal:
Sources: Klarna is in talks with investors about funding at a ~$15B valuation, down from its $45.6B valuation in June 2021; source: a deal could yield $500M+  —  The SoftBank-backed, buy-now-pay-later startup is discussing raising cash at a valuation around $15 billion, down from 2021's near $46 billion valuation
Cristina Criddle / Financial Times:
Some UK creators say they abandoned TikTok Shop's e-commerce program due to poor pay, long hours, and having to take flak for limited stock and shipping issues  —  Content creators say ‘livestream’ model means they earn less and now take flak for limited stock and shipping issues
Kyle Wiggers / TechCrunch:
Narmi, which enables small financial institutions offer online and mobile banking services, raised a $35M Series B, bringing its total funding to $60M  —  The banking industry isn't always welcoming to startups, depending on the market's outlook.  As inflation rises and companies brace for the worst …
More: FinSMEs
Financial Times:
Blockchain.com data: bitcoin's hash rate fell 4% since the start of the week, as the value of revenues paid to miners fell to its lowest level in nearly a year  —  Share prices of companies that validate crypto transactions have tumbled over the past month  —  Bitcoin miners are scaling …

Sponsor Posts

Brightspot:
Is your CMS solving your content problems, or creating new ones?  —  In a commissioned study written and conducted by Forrester, we revealed that 72% plan to change their CMS platform, is your organization one of them?
Prelay:
How Public Tech Companies De-risk Millions in Revenue Loss  —  Complex products and hybrid teams are today's major growth challenges.  With 50-70% of revenue driven by internal teams beyond sales, how is your org adapting?
Zoho:
The ultimate guide to choosing the right rewards and recognition platform  —  According to a Deloitte survey, employee productivity, performance, and engagement are 14% higher in organizations that prioritize employee recognition programs.
Vesto:
The treasury management platform built for startups  —  Put your idle cash to work, earn higher yields, and extend your runway with Vesto.
Techmeme Ride Home:
Mon. 03/27 - SVB Finds A New Home
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 12:25 PM ET, June 17, 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

Oliver Knight / CoinDesk:
Brody Ford / Bloomberg:

Earlier Picks

Alex Sherman / CNBC:
Hannah Lang / Reuters:
Cat Zakrzewski / Washington Post:
Jon Porter / The Verge: