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July 12, 2022, 4:55 PM
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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 …
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”
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
James Vincent / The Verge:
In Germany, South Korea, and other countries, BMW starts selling subscriptions or charging one-time fees to unlock heated seats, engine sound options, and more  —  The auto industry is racing towards a future full of microtransactions  —  BMW is now selling subscriptions for heated seats …
Benjamin Mullin / New York Times:
Medium founder Evan Williams says he is stepping down as CEO, to be replaced by Tony Stubblebine, and plans to start a new holding company and research lab  —  Mr. Williams, the company's founder and a co-founder of Twitter and Blogger, said in a post that he planned to start a new holding company and research lab.
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.
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.
Annie Palmer / CNBC:
Filing: Amazon and the Fred Hutchinson Cancer Research Center are developing “personalized” cancer vaccines and have launched an FDA-approved clinical trial  —  - Amazon is working with the Fred Hutchinson Cancer Center to develop cancer vaccines, according to a filing.
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.
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.’
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 …
Manish Singh / TechCrunch:
Pakistan-based Airlift, which delivers goods in 30 minutes, is shutting down after failing to raise more funding; Airlift raised an $85M Series B in August 2021  —  Airlift, Pakistan's top startup, is shutting down, two sources familiar with the matter told TechCrunch, following its inability to raise fresh capital.
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.

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This is a Techmeme archive page. It shows how the site appeared at 4:55 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

Todd Spangler / Variety:
White House denied CNN, MS NOW, Politico staffers access on Saturday; CNN calls it an “illegal assault”; Politico says it will “vigorously defend” its 1A rights

Jessica Toonkel / Wall Street Journal:
Sources: Paramount is in advanced settlement talks with California Attorney General Rob Bonta over the company's deal to acquire WBD

Gregory Svirnovskiy / Politico:
In an editorial on NYT's 175th anniversary, Publisher A.G. Sulzberger blasted Trump: “No president in modern history has been more hostile than Donald Trump”

More News

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

Earlier Picks

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
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
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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