Techmeme
July 15, 2022, 7:25 AM

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 Goodin / Ars Technica:
Chainalysis: crypto flowing into mixer services hit a 30-day moving average of $51.8M in April, a record high; Russia's Hydra Market accounted for 50% of funds  —  Despite a significant Achilles' heel, mixers are seeing unprecedented demand.  —  The amount of cryptocurrency flowing …
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 by private investors at $95 billion  —  Payments giant Stripe last valued by private investors …
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 …
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
Andrew Tarantola / Engadget:
Meta unveils Make-A-Scene, an exploratory AI research project that turns a user's sketches and text descriptions into 2,048 x 2,048-pixel images  —  Text-to-image generation is the hot algorithmic process right now, with OpenAI's Craiyon (formerly DALL-E mini) and Google's Imagen AIs unleashing tidal waves …
Nikkei Asia:
Sources: Intel told customers it will raise prices on most of its CPUs and peripheral chips in autumn due to rising costs; source: prices could rise up to 20%  —  Customers told move is a response to cost pressures  —  Intel flagged future “targeted” price rises when it presented its last quarterly earnings in April.
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
Allison Johnson / The Verge:
Nothing phone (1) review: good midrange phone with snappy performance but the glyph notification system is mostly gimmicky and battery performance is not great  —  Nothing claims its new Phone 1 can “Bring us back.  To us" with “deeper interactions” and “brave simplicity.”
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 …

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More News

Uday Sampath / Reuters:
Leah Nylen / Bloomberg:
Lucy Harley-McKeown / The Block:

Earlier Picks

Ed Shanahan / New York Times:
Chris Welch / The Verge:
Katie Paul / Reuters:
Dan Seifert / The Verge:
Lora Kolodny / CNBC: