Techmeme
July 11, 2022, 3:20 PM

Top News

Malcolm Owen / AppleInsider:
Report details Apple's eight-year struggle to build a self-driving car, as 20 people who worked on the project cite constantly shifting goals and more  —  The Apple Car project has suffered repeated setbacks throughout its development caused in part by a need to constantly prove its worthiness to management …
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:
Kris Holt / Engadget:
Apple debuts iOS 16's first public beta, with widgets on the lock screen, iMessage edit and undo, and more, alongside public betas for macOS, watchOS, iPadOS  —  We're a couple of months out from Apple officially rolling out the next major versions of its various operating systems.
Siddharth Venkataramakrishnan / Financial Times:
Klarna confirms it raised $800M at a $6.7B valuation, down from $46B in June 2021  —  Buy now, pay later specialist was worth $46bn last year  —  Sweden's Klarna, once Europe's most valuable private fintech company, has had its valuation slashed to $6.7bn in the clearest sign of the struggles facing the sector.
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?
Brian Krebs / Krebs on Security:
Reports of hijacked accounts and analysis of Experian's authentication flow reveal subpar security at the credit bureau, a year after PIN reset flaws were found  —  Twice in the past month KrebsOnSecurity has heard from readers who had their accounts at big-three credit bureau Experian hacked …
Reuters:
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 …
Ingrid Lunden / TechCrunch:
Meta launches Sphere, an open-source AI knowledge tool based on 134M public web pages, used initially by Wikipedia 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: the never-ending battle to combat it.
Sean Lyngaas / CNN:
How North Korean spies infiltrate US crypto firms, posing as remote workers; UN says the country has stolen billions of dollars' worth of crypto from exchanges  —  Washington (CNN)Devin, the founder of a cryptocurrency startup based in San Francisco, woke up one day in February to the most bizarre phone call of his life.

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