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Techmeme
July 12, 2022, 2:10 PM
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Top News

Wired:
Employees say “Twitter is a shit show internally”, fed up by weak leadership and a lack of management 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.
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”
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 …
Gareth Vipers / Wall Street Journal:
Elon Musk, in replies to a Breitbart tweet about Trump calling him a “bullshit artist”, says Trump should “hang up his hat” and DeSantis would easily beat Biden  —  Former president had mocked the Tesla boss's attempt to take over Twitter
Jamie Crawley / CoinDesk:
Animoca Brands announces a $75.32M raise at a $5.9B valuation, the second tranche of its $360M round in January 2022 that valued the NFT company at $5.5B  —  The infusion is the second tranche of January's funding round, which nabbed almost $360 million and valued the investment company at $5.5 billion.
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 …
Michael Kan / PCMag:
The FTC plans to crack down on tech companies' illegal use and sharing of “location, health, or other sensitive data” and false claims about data anonymization  —  ‘Companies that make false claims about anonymization can expect to hear from the FTC.’
Melissa Heikkilä / MIT Technology Review:
BigScience, an effort by 1K+ AI researchers and NLP startup Hugging Face, releases BLOOM, an open-access multilingual language model bigger than GPT-3, for free  —  A group of over 1,000 AI researchers has created a multilingual large language model bigger than GPT-3—and they're giving it out for free.
J. Clara Chan / The Hollywood Reporter:
Spotify acquires Heardle, describing the music trivia game inspired by Wordle as a “tool for musical discovery”, and plans to keep it as a standalone site  —  The game, which challenges users to identify a song based on short audio clips, will remain free to play for users.
Lulu Yilun Chen / Bloomberg:
Sources: China decided to rein in Tencent after two scandals, including a secret WeChat project to use data to predict new Politburo standing committee members  —  Imagine for a second life before smartphones.  Simple tasks—ordering takeout, staying in touch—become frustratingly difficult, never mind dealing with emergencies.
Kyle Wiggers / TechCrunch:
Tecton, which helps enterprises deploy real-time ML models faster with less data engineering effort, raised a $100M Series C led by Kleiner Perkins  —  Machine learning can provide companies with a competitive advantage by using the data they're collecting — for example, purchasing patterns …
Paul Sawers / TechCrunch:
Wefox, a Berlin-based digital insurer focused on personal insurance products, raised a $400M Series D at a post-money valuation of $4.5B, up from $3B in 2021  —  European insurance tech startup Wefox has raised $400 million in a series D round of funding, giving the German company a post-money valuation of $4.5 billion.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:10 PM ET, July 12, 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.

From Mediagazer

Mark Sweney / The Guardian:
Ampere Analysis: UK streaming subscribers on ad-supported tiers will reach 26.5M by the end of 2025, surpassing the 23.1M ad-free subscribers for the first time

The Guardian:
The UK has spent more than £500K since 2024, including £350K by the Department for Education, on 215 influencers to promote government campaigns

Daniel Thomas / Financial Times:
As the BBC fights Trump's $10B lawsuit and ITV plans to combine its broadcasting business with Sky in 2026, a look at the slow death of the UK's TV channels

More News

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

Earlier Picks

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
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
Dean Seal / Wall Street Journal:
Broadcom's software president Thomas Krause plans to leave on July 15 and become CEO of combined Citrix and Tibco; CEO Hock Tan will assume his responsibilities
CNBC:
GameStop launches its NFT marketplace in beta, letting users connect digital asset wallets, including the recently debuted GameStop Wallet, to buy and sell NFTs
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
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
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
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