Techmeme
July 14, 2022, 7:55 PM

Top News

Michael McSweeney / The Block:
NFT marketplace OpenSea CEO Devin Finzer says the company laid off ~20% of employees; OpenSea didn't disclose the number impacted but said that 230 staff remain  —  - NFT marketplace major OpenSea announced layoffs on Thursday.  — CEO Devin Finzer said in a statement that “~20% of our team” had been let go.
Dan Seifert / The Verge:
MacBook Air M2 review: thinner with a better screen and webcam, but gets warm and throttles aggressively under intense workloads; base model has a slower SSD  —  New design, new display, new processor, new price  —  After 14 years, three revisions, and two different processor architectures …
Wall Street Journal:
Sources: Stripe, last valued by private investors at $95B, told staff it cut its internal share price by 28%, lowering those shares' implied valuation to $74B  —  Payments processor was last valued at $95 billion  —  Payments giant Stripe last valued by private investors at $95 billion …
Tom Warren / The Verge:
Google releases Chrome OS Flex, a Chrome OS version for businesses and schools to run on 400+ old PC and Mac models, after fixing 600+ bugs since February 2022  —  Businesses and schools can now install Chrome OS on existing hardware  —  Google is releasing Chrome OS Flex today …
Lucy Harley-McKeown / The Block:
Queenie Wong / CNET:
Meta says Facebook is testing a way for users to create up to five profiles linked to one account and that switching between profiles will require only two taps  —  The social network says users will be able to add up to five profiles to their Facebook account.  —  Queenie Wong
Ed Shanahan / New York Times:
A federal jury convicts Vault 7 leaker Joshua Schulte on nine counts, two years after a previous jury failed to agree on eight of the 10 charges he faced then  —  The top federal prosecutor in Manhattan said Joshua Schulte had engaged in “one of the most brazen and damaging acts of espionage in American history.”
Katie Paul / Reuters:
Meta releases its first annual human rights report, covering 2020 and 2021 due diligence and summarizing a controversial human rights impact assessment of India  —  Facebook-owner Meta (META.O) released its first annual human rights report on Thursday, following years of accusations …
Financial Times:
Chris Welch / The Verge:
Instagram adds more features to its paid subscriptions test for creators, including the ability to publish feed posts that are only visible to subscribers  —  Pay up — or you won't see these exclusive photos or Reels  —  After getting off to a small start with paid subscriptions …
Leah Nylen / Bloomberg:
Sources: the US DOJ is likely to reject Alphabet's concessions and file an antitrust lawsuit in the coming weeks over Google's dominance of the online ad market  —  The US Justice Department is likely to reject concessions offered by Alphabet Inc., clearing the way for an antitrust lawsuit …
Cho Mu-Hyun / ZDNet:
Samsung says it has developed a new GDDR6 DRAM with a 24Gbps data transfer rate, 30%+ faster than its 18Gbps predecessor, built on its 10nm process using EUV  —  The new DRAM will allow premium graphics cards to support a data processing rate of up to 1.1TB, Samsung says.
Manish Singh / TechCrunch:
India-based mobile-first credit card operator OneCard raised a $100M+ Series D led by Temasek, a source says at a $1.4B+ valuation, up from $750M in January  —  FPL Technologies, an Indian startup that offers credit cards to customers under the brand name OneCard, is the latest …
Rest of World:
The alumni of Colombian last-mile delivery unicorn Rappi have founded 100+ startups in under seven years, outpacing even the PayPal Mafia in startup creation  —  The Colombian unicorn's alumni are outpacing the PayPal mafia in startup creation.  —  • BOGOTÁ, COLOMBIA

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Earlier Picks

Reuters:
Sam Biddle / The Intercept:
Annabelle Dickson / Politico:
Lora Kolodny / CNBC: