June 29, 2022, 11:05 AM

Top News

Mark Kleinman / Sky News:
Source: a British Virgin Islands court ordered the liquidation of Singapore-based Three Arrows Capital on June 27; Teneo Restructuring will handle the process  —  A court in the British Virgin Islands has ordered the liquidation of Singapore-based Three Arrows Capital, underlining …
Steven Ehrlich / Forbes:
After providing $750M in credit lines, Sam Bankman-Fried says some crypto companies are “too far gone” to save, “bearish views on Tether are wrong”, and more  —  After throwing lifelines to troubled digital currency platforms BlockFi and Voyager Digital, Sam Bankman-Fried …
Evelyn Cheng / CNBC:
FCC's Brendan Carr writes to Apple and Google demanding they remove TikTok from app stores over China-related security concerns or provide statements by July 8  —  - Brendan Carr, one of the FCC's commissioners, shared Tuesday via Twitter a letter to Apple CEO Tim Cook and Alphabet CEO Sundar Pichai …
Michael Bellusci / CoinDesk:
CoinFlex CEO Mark Lamb says crypto investor Roger Ver owes CoinFlex $47M in USDC, after Ver denied “some rumors” he defaulted on a debt to a counterparty  —  The crypto exchange is launching a recovery token because of debt owed by a high-net-worth customer.
Sources: Tesla lays off ~200 Autopilot workers, most of them hourly and focused on labeling data, and closes its San Mateo office, as part of broader reductions  —  Tesla Inc. laid off hundreds of workers on its Autopilot team as the electric-vehicle maker shuttered a California facility, according to people familiar with the matter.
Raymond Wong / Input:
Carl Pei says Nothing phone (1) will use the mid-range Snapdragon 778G+, not the high-end 8 Gen 1, citing a need to balance cost, power usage, and performance  —  By the time Nothing's July 12 launch event for the Phone (1) comes around, there won't be much (if anything) left to announce for the transparent Android smartphone.
Alex Heath / The Verge:
Snap will begin rolling out Snapchat+ this week, offering exclusive and early access features for $3.99 per month  —  No, it doesn't let you turn off ads  —  Starting this week, Snap will begin offering an optional subscription called Snapchat Plus that unlocks exclusive and early access features.
Stephen Alpher / CoinDesk:
MicroStrategy purchased 480 bitcoin at an average of $20,817 each from May 3 to June 28, bringing its total holding to ~130K acquired for $3.98B or $30,664 each  —  The company disclosed the acquisition of another 480 bitcoins, bringing total holdings to 129,699 coins.
Wall Street Journal:
Internal Celsius documents from 2021 show the crypto lender issued large loans backed by little collateral while pitching itself as less risky than banks  —  The lender had little cushion in the event of a downturn or mass withdrawals, investor documents show
Jay Peters / The Verge:
Meta tests Discord-like changes in Facebook Groups, adding a channels list in a left-aligned sidebar that can include audio rooms, text chats, and feeds  —  New Groups changes seem inspired directly by Discord  —  Facebook Groups are about to get some big changes, and if you've used Discord …
Andrew Tarantola / Engadget:
NOAA triples its weather modeling capabilities with two supercomputers built by General Dynamics at a cost of $505M, each operating at a speed of 12.1 petaflops  —  Last year, hurricanes hammered the Southern and Eastern US coasts at the cost of more than 160 lives and $70 billion in damages.
Iain Martin / Forbes:
A look at NGL, an app that lets Instagram users send anonymous DMs, and its content moderation challenges; NGL has 1.75M downloads since November 2021  —  A new app that allows Instagram users to send anonymous messages is soaring in popularity - and renewing concerns about cyberbullying …
Ingrid Lunden / TechCrunch:
London-based Entrepreneur First, which invests in nascent startups, connects co-founders, and offers support, has raised a $158M Series C at a ~$560M valuation  —  Entrepreneur First made a name for itself a decade ago in its home base of London, and then further afield …
A profile of ADT, which is helping sell and install Nest smart home products, as it prepares to unveil its own smart home security software and hardware in 2023  —  Kneeling beneath a framed print of Thomas Kinkade's painting A Peaceful Retreat, Roli Chiu, alarm system installer …
Sarah E. Needleman / Wall Street Journal:
Pinterest CEO Ben Silbermann is stepping down and transitioning to executive chairman, to be replaced by Google's president of commerce Bill Ready  —  The social-media company says Ben Silbermann will transition to executive chairman after leading the company since its founding in 2010
Brendan Murray / Bloomberg:
Experts express concerns over hackers commandeering ship controls, including automated steering and propulsion systems, despite some efforts to rectify issues  —  In February 2019, a large container ship sailing for New York identified a cyber intrusion on board that startled the US Coast Guard.

Sponsor Posts

Escape Ingress/Egress Fees  —  Experience seamless multi-cloud solutions without ingress/egress constraints.  Optimize costs and pave the way for a sustainable digital future.
Standard Metrics:
Nail Portfolio Reviews, Board Meetings and LP Reporting  —  You didn't hire that Stanford grad to manage spreadsheets.  Automate VC portfolio reporting and free your talented team up to deliver portfolio insights.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
The unsung heroes of IT: Celebrating system administrators  —  Who are the backbone of any organization's IT infrastructure, the enablers of our seamless digital lives, the silent guardians who keep our systems secure, our networks robust, and our data safe?
The Logan Bartlett Show:
EP 110: How Eric Glyman (CEO, Ramp) Runs One of The Fastest Growing Startups
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show!
Techmeme Ride Home:
Wed. 07/24 - Llama 3.1 Bests The "Frontier Models"?
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 11:05 AM ET, June 29, 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

Conor Hale / Fierce Biotech:

Earlier Picks

Allison Levitsky / Protocol:
Abner Li / 9to5Google:
Shannon Liao / Washington Post:
Hadlee Simons / Android Authority: