Techmeme
July 14, 2022, 11:15 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 …
Paul Krugman / New York Times:
Regulators should crack down on crypto, after it gained an illusion of respectability through association with high-status institutions and individuals  —  When the Federal Reserve speaks, it speaks in Fedspeak.  A pithy turn of phrase or a striking metaphor can all too easily turn into a headline …
Uday Sampath / Reuters:
Adobe: US online sales during Amazon's Prime Day jumped 8.5% YoY to nearly $12B; Prime members bought 300M+ items, or 100K products per minute  —  U.S. online sales during Amazon.com Inc's (AMZN.O) Prime Day shopping event jumped 8.5% from last year to nearly $12 billion …
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
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
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 …
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.”
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 …

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Natasha Lomas / TechCrunch:
Reuters:
Lora Kolodny / CNBC: