| 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 … | Ingrid Lunden / TechCrunch: |
Unity plans to merge with app monetization service IronSource, valued at $4.4B in the all-stock deal; Silver Lake and Sequoia will invest $1B after the merger — Update: the companies have confirmed the news here. IronSource is being valued at $4.4 billion in the all-stock deal.| 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: |
| 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 … | 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 … | Sarah Perez / TechCrunch: |
TikTok unveils Content Levels, a content classifying system like age ratings in films, and plans to let users filter out videos with certain words or hashtags — Earlier this year, TikTok said it was developing a new system that would restrict certain types of mature content from being viewed by teen users.| Hannah Miller / Bloomberg: |
PitchBook: crypto startups received $6.76B in VC funding in Q2 2022, down 31% from a record $9.85B in Q1 2022 — Crypto startups finally felt the effects of an economic storm that has been cooling digital currencies, public stocks and venture capital all year.| Fortune: |
| Erron Kelly / VentureBeat: |
Twitter says roughly 1.5B tweets about gaming were made on its site in H1 2022, up 36% YoY; Genshin Impact was the most tweeted-about game and Wordle was second — Roughly 1.5 billion tweets about gaming were made on Twitter in the first half of 2022. That's ‘billion’ with a ‘b’.| 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.| 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.| Shen Lu / Wall Street Journal: |
New Oriental, one of China's largest private-tutoring companies, reinvents itself as a livestream grocery service on Douyin, after China's regulatory crackdown — New Oriental's rebranding catches on with viewers as English tutors go viral selling produce online| Kyle Wiggers / TechCrunch: |
Czech Republic-based 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 … | Ivan Mehta / TechCrunch: |
Truecaller launches Open Doors, a Clubhouse-like app that lets users sign up with their phone number 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 … | Shweta Sharma / CSO: |
Barracuda survey: 94% of 800 senior IT and security officers of industrial IoT or OT systems faced some form of attack on their systems in the past 12 months — A report commissioned by cloud security company Barracuda found that 94% of respondents have experienced some form of attack … | Jasmine Hicks / The Verge: |
Reddit partners with Giphy to bring GIF comments to new subreddits automatically, and existing subreddits if moderators opt in to enable the feature — Subreddit moderators can opt in to the new GIF library — Reddit is joining the GIF party with its new partnership with Giphy … | Kyle Wiggers / TechCrunch: |
London-based Incident.io, which makes a Slack-based software incident response service, 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.| Hannah Murphy / Financial Times: |
Sources: Snap is exploring letting NFT artists showcase their designs as Snapchat AR filters, via a test for select creators starting at the end of August 2022 — Social media platform is the latest to dabble in digital assets to attract influencers despite crypto crash
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| Brody Ford / Bloomberg: |
| Dan Goodin / Ars Technica: |
| Kurt Schlosser / GeekWire: |
| Peter White / Deadline: |
| Washington Post: |
| Gareth Vipers / Wall Street Journal: |