Techmeme
July 12, 2022, 5:25 AM

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” …
Wired:
Twitter employees say it's a “shit show internally”, exasperated by weak leadership and lack of support amid targeted harassment from outside the company  —  Days after the deal to buy Twitter fell apart, fed-up employees say they are being kept in the dark.
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?
Jeremy Hill / Bloomberg:
Liquidators say they can't find Three Arrows Capital founders Kyle Davies and Zhu Su, and seek to subpoena them to prevent the dissipation of the fund's assets  —  The founders of bankrupt crypto hedge fund Three Arrows Capital haven't been cooperating in the firm's liquidation process …
Aisha Malik / TechCrunch:
Twitter rolls out its Unmentioning feature to all users on all devices, letting users remove themselves from conversations that include their Twitter handle  —  Twitter announced today that it's rolling out its “Unmentioning” feature to all users on all devices.
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’
Sylvia Varnham O'Regan / The Information:
In an internal post, Meta Vice President of Remote Presence and Engineering Maher Saba instructed managers to identify and “move to exit” poor performers  —  Meta Platforms' Vice President of Remote Presence and Engineering Maher Saba has instructed managers to identify and …
Juli Clover / MacRumors:
YouTube begins rolling out picture-in-picture support for all US iOS users, but says that the feature requires a premium subscription to work with music videos  —  YouTube today announced that it has begun rolling out picture-in-picture support for all iOS users in the United States …
Reuters:
STMicro and GlobalFoundries plan to build a €5.7B chip factory in France with full capacity by 2026, with “significant” funding from the French government  —  Chipmakers STMicroelectronics and GlobalFoundries (GFS.O) announced plans on Monday to build a semiconductor factory in France …

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More News

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CNBC:
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Earlier Picks

Kris Holt / Engadget:
Ingrid Lunden / TechCrunch:
Brian Krebs / Krebs on Security:
Callum Burroughs / Insider:
Siddharth Venkataramakrishnan / Financial Times:
Malcolm Owen / AppleInsider:
Reuters: