Techmeme
July 13, 2022, 11:25 AM

Top News

New York Times:
Twitter sues Elon Musk, in Delaware's Court of Chancery, to force him to complete his $44B acquisition of the company, as he “refuses to honor his obligations”  —  The question of whether Elon Musk must buy Twitter, as he agreed to do in April, is headed to a court in Delaware.
Bloomberg:
An in-depth look at the rise and fall of crypto hedge fund Three Arrows Capital, whose founders Su Zhu and Kyle Davies bet everything on prices only going up  —  Days before Bitcoin fell decisively below $40,000, and two months before his hedge fund went bankrupt, Su Zhu sat down for an interview …
Shivani Tanna / Reuters:
Vermont's Department of Financial Regulation joins a multistate investigation into Celsius and says it believes the cryptocurrency lender is “deeply insolvent”  —  July 12 (Reuters) - Vermont's Department Of Financial Regulation on Tuesday said troubled crypto lender Celsius is …
Casey Newton / Platformer:
A critique of Ev Williams' 10-year tenure at Medium and how it got caught in the middle between Substack and well-funded publishers like BuzzFeed and Vice  —  How Medium got stuck in the middle.  PLUS: Twitter sues Musk  —  Few tech CEOs can claim to have steered the course of online conversation more than Ev Williams.
Benjamin Mullin / New York Times:
Tripp Mickle / New York Times:
Sources: Apple ends its consulting agreement with Jony Ive that made Apple his firm's primary client and limited Ive from taking on work Apple found competitive  —  Three years after promising to work “long into the future” with the man behind its candy-colored computers, Apple and Mr. Ive are through.
The Verge:
Memo: Sundar Pichai told employees that Google will slow hiring in the rest of 2022 and will have to work with “greater urgency, sharper focus, and more hunger”  —  ‘Greater urgency, sharper focus, and more hunger’  —  Google has told employees that it'll be …
Dan Goodin / Ars Technica:
Microsoft says a phishing campaign targeted 10K+ organizations since September 2021 by hijacking Office 365's authentication process even on accounts using MFA  —  Campaign that steals email has targeted at least 10,000 organizations since October.  —  On Tuesday, Microsoft detailed …
Ingrid Lunden / TechCrunch:
Unity to merge with app monetization service Ironsource, valued at $4.4B in the all-stock deal; Silver Lake, Sequoia will invest $1B in Unity after the merger  —  Update: the companies have confirmed the news here.  IronSource is being valued at $4.4 billion in the all-stock deal.
Kyle Wiggers / TechCrunch:
Kontent, whose headless CMS powers over 2K websites, apps and e-commerce stores, has raised $40M from Expedition Growth Capital  —  Kontent, a platform designed to help companies manage business-related content in the cloud, today announced that it raised $40 million from Expedition Growth Capital as part of a growth capital infusion.
Ivan Mehta / TechCrunch:
Truecaller launches Open Doors, a Clubhouse-like app which lets users register with their phone numbers and audio chat with their contacts who have the app  —  If you thought of the age of companies launching real-time audio chat apps, you're wrong.  Swedish caller identification service Truecaller …
More: Livemint
Kurt Schlosser / GeekWire:
The leaders of Amazon, Microsoft, Apple, Meta, Google, and 500+ business, education, and nonprofit companies urge US states to boost computer science education  —  More than 500 business, education and nonprofit leaders have teamed with Seattle-based computer education nonprofit Code.org …
Kyle Wiggers / TechCrunch:
Incident.io, which makes a Slack-based software incident response platform, has raised a $28.7M Series A led by Index Ventures  —  It's Incident.io co-founder and CEO Stephen Whitworth's assertion that there's fragmentation in the market for software incident management solutions.
More: Tech.eu
Sarah Perez / TechCrunch:
SVP Prabhakar Raghavan says Google's studies show younger users often use apps like Instagram and TikTok instead of Google Search or Maps for discovery purposes  —  The TikTok threat to Google's business isn't just limited to YouTube, as it turns out.  Core Google services, including Search and Maps …
Jasmine Hicks / The Verge:
Reddit partners with Giphy to bring GIF comments to new subreddits and existing subreddits if moderators opt in to the feature  —  Subreddit moderators can opt in to the new GIF library  —  Reddit is joining the GIF party with its new partnership with Giphy, a massive online hub where internet users upload and share GIFs.
Fortune:
Lightspeed Venture Partners raised $6.6B across three US funds and $500M for an India and Southeast Asia fund, and debuts a team to back blockchain founders  —  This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers.  Sign up to get it delivered free to your inbox.
Ingrid Lunden / TechCrunch:
Preply, a tutoring marketplace for language learning, raised a $50M Series C, PitchBook says at a $400M post-money valuation, bringing total funding to $100M  —  As Ukraine continues to be battered by Russia in an unprovoked war that has sent hundreds of thousands of refugees scattering elsewhere …
More: Tech News

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Earlier Picks

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Todd Spangler / Variety:
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