Techmeme
July 11, 2022, 9:40 PM

Top News

Kurt Wagner / Bloomberg:
SEC filing: Twitter's lawyers call Elon Musk's deal termination “invalid and wrongful” and say Twitter “breached none of its obligations under the agreement”  —  Twitter Inc.'s lawyers called Elon Musk's termination of his $44 billion buyout agreement “invalid and wrongful” …
Matt Levine / Bloomberg:
A look at Twitter's options as Musk tries to back out, such as suing for “expectation damages”, which may be capped at $1B, or suing for “specific performance”  —  Oh Elon  —  One question that might be important is: How much is Twitter Inc. worth if Elon Musk does not buy it?
Malcolm Owen / AppleInsider:
Report on Apple's eight-year self-driving car struggle as 20 people from the project cite “constantly shifting goals”, a “revolving door of leaders”, and more  —  The Apple Car project has suffered repeated setbacks throughout its development caused in part by a need …
The Guardian:
Mark MacGann, who led Uber's lobbying in Europe, the Middle East, and Africa, comes forward as the leaker of 124K+ files, says Uber flouted laws and sold a lie  —  Exclusive: Mark MacGann says he has decided to speak out about firm to ‘right some fundamental wrongs’
The Guardian:
Jon Porter / The Verge:
WhatsApp rolls out the ability for users to react to messages with any emoji, after adding the ability to react with its chosen six emoji in May  —  The new feature is rolling out now  —  WhatsApp users will soon have the ability to react to messages with any emoji, Meta CEO Mark Zuckerberg has announced in a Facebook post.
Kris Holt / Engadget:
Apple debuts iOS 16's first public beta with lock screen widgets, iMessage edit and undo, Pay Later, and more, alongside macOS, watchOS, and iPadOS public betas  —  We're a couple of months out from Apple officially rolling out the next major versions of its various operating systems.
Brian Krebs / Krebs on Security:
Reports of hijacked accounts and analysis of Experian's authentication flow reveal poor security at the credit bureau, after PIN reset flaws were found in 2021  —  Twice in the past month KrebsOnSecurity has heard from readers who had their accounts at big-three credit bureau Experian hacked …
Siddharth Venkataramakrishnan / Financial Times:
Klarna confirms raising $800M at a $6.7B valuation, down from $46B in June 2021, including from new investors Mubadala and Canada Pension Plan Investment Board  —  Buy now, pay later specialist was worth $46bn last year  —  Sweden's Klarna, once Europe's most valuable private fintech company …
Ingrid Lunden / TechCrunch:
Meta launches Sphere, an open-source AI knowledge tool based on 134M public webpages; Wikipedia, Sphere's first user, is using it to verify articles' citations  —  Facebook may be infamous for helping to usher in the era of “fake news”; but it's also tried to find a place for itself in the follow-up …
Reuters:
An investigation finds Binance continued to serve crypto traders in Iran as recently as September 2021, despite US sanctions and a company ban on business there  —  The world's largest crypto exchange, Binance, continued to process trades by clients in Iran despite U.S. sanctions and a company ban …
Dean Seal / Wall Street Journal:
Thomas Krause, Broadcom's software president, will leave on July 15 and become CEO of combined Citrix and Tibco; CEO Hock Tan will assume his responsibilities  —  Microchip company is in midst of acquiring software company VMware for $61 billion  —  The president of Broadcom Inc.'s AVGO -3.17%▼ …

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Earlier Picks

Fanny Potkin / Reuters: