Techmeme: SEC filing: Twitter's board invites shareholders to a special meeting to vote on Elon Musk's $44B acquisition and unanimously recommends they approve the deal (Jonathan Vanian/CNBC)

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July 17, 2022, 8:25 PM

Top News

Jef Feeley / Bloomberg:

Filing: Elon Musk's lawyers say Twitter is unfairly pushing for a “warp speed” September 2022 four-day trial and ask for a court date in February 2023 or later — Elon Musk's lawyers say Twitter Inc. officials are unfairly pushing for a “warp speed” trial over claims …

Jonathan Vanian / CNBC:

SEC filing: Twitter's board invites shareholders to a special meeting to vote on Elon Musk's $44B acquisition and unanimously recommends they approve the deal

More: SEC.gov, Associated Press, Coinspeaker, and Protocol

Tweets: @dkthomp, @dkthomp, @dkthomp, @dkthomp, @dkthomp, @dkthomp, and @dkthomp

Moneycontrol:

Report: in emails sent to three creators, Coinbase says it is “temporarily shutting down” its US affiliate program on July 19 and plans to relaunch it in 2023 — According to a Business Insider article, cryptocurrency exchange Coinbase will “temporarily shut down” its US affiliate-marketing programme on July 19.

Source: Insider. More: CryptoSlate, Inside Bitcoins, ZyCrypto, Coinpedia, and CoinGape

Tweets: @bitboy_crypto, @nateobrienn, @brian_armstrong, @nateobrienn, @doobzdoobz, @simonyusea, @nickdrakon, @cryptoslate, @zguz, @ahcastor, @lukebk, @paul__armstrong, @ianrborthwick, @therealtblake, @greybtc, @niallohiggins, and @waywardwinifred

Jon Brodkin / Ars Technica:

FCC Chair Jessica Rosenworcel proposes a US broadband standard of 100Mbps down and 20Mbps up; the proposal requires a vote in the currently deadlocked FCC — Pai FCC said 25Mbps down and 3Mbps up was enough—Rosenworcel proposes 100/20Mbps. — Federal Communications Commission Chairwoman …

More: Federal Communications …, Android Police, Gizchina, CNET, and TechSpot

Tweets: @adamnash, @mrbrown, @fcc, @brianweeden, @jrosenworcelfcc, and @karlbode

Madhumita Murgia / Financial Times:

Experts say archiving TikTok videos is challenging and urge the platform to preserve and provide access to its content for war crime investigations in Ukraine — The Chinese-owned video app is a trove of digital intelligence that lawyers are attempting to mine and archive

More: Slashdot. Tweets: @maxseddon

Will Oremus / Washington Post:

Study: as the war rages on, Meta effectively removes Russian propaganda flagged by Ukrainian officials, while YouTube, Twitter, and LinkedIn ignore requests

More: Slashdot and The Economic Times

Tweets: @bostonjoan, @lydiaon10, @washingtonpost, @moonalice, and @willoremus

Mat Di Salvo / Decrypt:

Russian President Vladimir Putin signed into law a national ban on using digital assets for payments, but allows investing in digital assets like bitcoin — The drastic move comes after mixed signals from Russia's leaders and regulators. — Russian President Vladimir Putin today signed …

More: Engadget, SiliconANGLE, Protocol, PYMNTS.com, Neowin, Inside Bitcoins, Slashdot, and Blockworks

Tweets: @davidgerard, @neerajka, @santiago__sa, and @decryptmedia

Arielle Pardes / Wired:

Rapid delivery startups, which surged during the pandemic, have either retreated from some cities or shut down after struggling to make the economics work — Companies that promise groceries delivered in 15 minutes surged during the pandemic—but are now in retreat.

Tweets: @solsona, @victoria_agago, @harrymccracken, and @carnage4life

Sabah Gurmat / Rest of World:

An app for India's largest public employment program is jeopardizing the livelihood of 82M+ due to technical glitches, an English-only UI, and poor connectivity — Poor connectivity and an English-only interface make the app unusable for many who rely on the Mahatma Gandhi National Rural Employment Guarantee Act.

Tweets: @restofworld, @restofworld, @vickiturk, @_sabahgurmat, and @restofworld

Christopher Mims / Wall Street Journal:

MakeMyMove: at least 71 US cities and towns now offer cash grants and other perks to attract remote workers, mostly in tech, up from at least 24 in October 2021 — Incentives are drawing high-paid tech workers, and challenging how we think about local economic development

More: Slashdot. Tweets: @adamkovac, @hunterwalk, @wsj, @tunguz, @philsimon, @folletto, and @adamkovac

Christopher Mathias / HuffPost:

New Gab accounts seem to automatically follow the GOP nominee for Pennsylvania governor Doug Mastriano, after he paid Gab $5K in April for “campaign consulting” — The GOP nominee for governor of Pennsylvania paid the far-right platform a $5,000 “consulting” fee.

More: Slate, 90.5 WESA, and Rolling Stone

Tweets: @letsgomathias, @letsgomathias, @pt, @jonbjohns, and @alkapdc

Wall Street Journal:

Adam Neumann's Flowcarbon and some other startups offering cryptocurrencies backed by carbon-offset credits have slowed product rollouts amid the crypto crash — Investors rushed to startups offering cryptocurrencies backed by carbon-offset credits, then the markets tanked

More: Decrypt and The Block

Tweets: @pt, @pt, @wsj, @donnaredel, @pefrase, @smtuffy, @coinbureau, @smdiehl, @natbaker, and @mayazi

Kyle Wiggers / TechCrunch:

Sydney-based Hivery, whose software helps retailers select the right mix of products to stock on store shelves, has raised a $30M Series B led by Tiger Global — Hivery, a startup that bills itself as an “optimization platform” for retailers, today announced that it raised $30 million …

More: Digital Nation, Business Wire, and PitchBook

Mark Bergen / Bloomberg:

Seattle-based Phaidra, whose AI software automates building controls for industrial facilities like power plants, raised a $25M Series A led by Starshot Capital — Industrial production is one of the dirtiest corners of the corporate world. A startup from former Google engineers thinks …

More: goSkagit. Tweets: @mhbergen and @andrewfielding

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This is a Techmeme archive page. It shows how the site appeared at 8:25 PM ET, July 17, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Katie Kilkenny / The Hollywood Reporter:

SAG-AFTRA's board adopts a resolution to formally resist Paramount's WBD deal unless “enforceable safeguards” are established against a drop in production

Dominic-Madori Davis / TechCrunch:

London-based European Technology Network, a TBPN-like news show livestreaming 5x per week on YouTube and X, raised a $1.6M seed from Axel Springer and others

Katie Deighton / Wall Street Journal:

eMarketer: ~45% of US influencer marketing spend will go to those with <20K followers in 2026, up from 19.5% in 2021; 19.9% will go to those with <5K followers

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More News

Yaling Jiang / South China Morning Post:

Despite China's scrutiny of online credit, smaller services have spread; iResearch: the microlending penetration rate grew from 0.4% in 2014 to 69.2% in 2021

Tweets: @vladimiraras, @danil_bochkov_, @mikeelgan, @michaelxpettis, and @bb_hong_tw

Nathan Grayson / Washington Post:

A look at YouTube's strategy, started in 2019, of signing Twitch streamers with a network of creators that can simulate community and build its own game culture

More: The Jacob Wolf Report. Tweets: @vahn16, @vahn16, @tarawlevy, and @vahn16

FinSMEs:

Oakland-based Mayvenn, which offers an e-commerce tool and a marketplace for salon services, has raised a $40M Series C led by Cleveland Avenue

More: Forbes, FashionUnited, Global Cosmetic Industry, BeautyMatter, and PR Newswire

CNBC:

The 2022 “crypto winter” differs from previous crashes, in part due to the macro environment, the TerraUSD collapse, excess leverage, and contagion from 3AC

More: CryptoSlate. Tweets: @arjunkharpal

Financial Times:

India steps up its crackdown on Oppo, Vivo, and Xiaomi, which control ~60% of the country's smartphone market, by claiming tax evasion and unlawful remittances

Earlier Picks

Alastair McCready / VICE:

Industrial-scale online scam centers in Southeast Asia have perfected “pig butchering”, a romance-meets-investment fraud increasingly centered on cryptocurrency

Tweets: @geraldrflynn, @softwarnet, @caseynewton, @ryan_knutson, @bitfinexed, and @almccready1

Maxwell Strachan / VICE:

An interview with MetaMask co-founders who say “we can't stop people from making Ponzis on blockchains” and “putting your money in cryptocurrencies is gambling”

More: Tech.co and Inside Bitcoins

Tweets: @maxwellstrachan, @danfinlay, @someday_deane, @iansherr, @jaymavs, @ummjackson, @danfinlay, @flynnjamm, @mathewi, and @maxwellstrachan

Vittoria Elliott / Wired:

Experts say a ruling against Twitter in its lawsuit against content removal orders in India could let the government censor a wide swath of platforms and sites

Tweets: @carnage4life, @aaschapiro, and @aspi_icpc

New York Times:

As China builds up its vast surveillance and security apparatus, it is running up against growing public unease about data security and privacy in the country

Tweets: @frankpasquale, @maytechummia, and @amyyqin