Techmeme
July 12, 2022, 11:05 AM

Top News

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.
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:
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 …
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 says it will crack down on tech companies' illegal use and sharing of highly sensitive data and false claims about data-anonymization  —  ‘Companies that make false claims about anonymization can expect to hear from the FTC.’ … Lots of websites and apps like to claim your data is …
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.
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.
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 …
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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More News

Reuters:
Dean Seal / Wall Street Journal:

Earlier Picks

CNBC:
Jon Porter / The Verge:
Kris Holt / Engadget:
Ingrid Lunden / TechCrunch:
Brian Krebs / Krebs on Security:
The Guardian:
Siddharth Venkataramakrishnan / Financial Times:
Malcolm Owen / AppleInsider: