Techmeme
June 17, 2022, 3:00 AM

Top News

Bloomberg:
Sources: Elon Musk addressed Twitter employees for the first time since agreeing to buy the company in April, discussing potential layoffs, moderation, and more  —  Tesla Inc. Chief Executive officer Elon Musk discussed his stance on what types of content should be allowed on Twitter Inc.'s social network …
Financial Times:
Sources: BlockFi was among the groups that liquidated at least some positions held by Three Arrows Capital, which failed to meet margin calls this past weekend  —  BlockFi was among a clutch of firms that liquidated the Singapore-based group's positions  —  Three Arrows Capital failed …
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 …
Hannah Lang / Reuters:
State securities regulators in Alabama, Kentucky, New Jersey, Texas, and Washington are investigating Celsius Network's decision to suspend customer redemptions  —  State securities regulators in Alabama, Kentucky, New Jersey, Texas and Washington are investigating crypto lender Celsius Network's decision …
Andy Greenberg / Wired:
Researchers connect an Indian police agency to hackers who planted evidence in 2018 on the PCs of human rights activists jailed on framed terrorism charges  —  New details connect police in India to a plot to plant evidence on victims' computers that led to their arrest.
The Markup:
Analysis: 33 of the top 100 US hospitals used the Meta Pixel tracker, sending to Facebook data including medical conditions, prescriptions, and appointments  —  Experts say some hospitals' use of an ad tracking tool may violate a federal law protecting health information
Brody Ford / Bloomberg:
Boston-based Vendr, which helps companies manage SaaS purchasing, raised a $150M Series B at a $1B valuation led by Craft Ventures and SoftBank Vision Fund 2  —  Vendr Inc., a firm that centralizes business software purchasing and management, announced it was valued at $1 billion …
Alex Sherman / CNBC:
TikTok's global business solutions head says TikTok is an entertainment platform, not a social network like Facebook, and hasn't seen a slowdown in ad revenue  —  - Facebook is openly copying TikTok, and calling it out as a significant competitor.  — But Blake Chandlee …
Taylor Hatmaker / TechCrunch:
Reddit plans to acquire Spell, a platform for running machine learning experiments founded in 2016 by a former Facebook engineer, for an undisclosed amount  —  Reddit announced Thursday that it would buy Spell, a platform for running machine learning experiments, for an undisclosed amount.
Dana Mattioli / Wall Street Journal:
A look at Andy Jassy's first year as Amazon CEO, as he seeks to reverse some of Jeff Bezos' aggressive pandemic investments, close physical stores, and more  —  Amid one of the worst stretches for financial performance in Amazon's history, the new CEO is working to cut back the excesses …

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Earlier Picks

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Ryan Broderick / Garbage Day:
New York Times: