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July 18, 2022, 1:55 PM
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| Stephen Nellis / Reuters: |
Sources: several US chip makers are deliberating whether to oppose the Chips Act if its final language disproportionately benefits manufacturers like Intel — Several U.S. semiconductor firms are deliberating whether to oppose a package of chip industry subsidies if the final language …
More:
HotHardware, Silicon Valley Business …, and Slashdot
Tweets: @hassankhan, @kylebaker, @matthewstoller, and @kylebrussell
| Aisha Malik / TechCrunch: |
Instagram launches a new payments feature in the US that lets users buy products and track orders from small businesses via DMs — Meta CEO Mark Zuckerberg announced today that the company is launching a new “payments in chat” feature on Instagram. With this new feature …
More:
Meta, Finextra, Search Engine Land, The Verge, and Adweek
| Aisha Malik / TechCrunch: |
Snapchat launches Snapchat for Web to let users send snaps and make video calls on desktop, says the average caller on the app spends 30+ minutes a day on calls — Snap announced today that it's introducing Snapchat for Web to let users send snaps and chat with friends via video calls all from their desktops.| New York Times: |
Andy Jassy has quietly put his own imprint on Amazon in his first year as CEO, making more changes than many expected, including a hands-on approach to lobbying — Jeff Bezos' successor has set himself apart with a hands-on approach in Washington. — Give this article- - - Read in app| Katharine Gemmell / Bloomberg: |
A UK judge quashes the CMA's order that Meta must sell Giphy and refers the case back to the agency; CMA says it aims to complete the review within three months — Meta Platforms Inc.'s purchase of GIF search engine Giphy will be sent back to the UK antitrust regulator for a further review … | Financial Times: |
Analysis: the cumulative market cap of recently listed fintechs in the US had fallen $156B in 2022 through July 15, with shares falling an average of over 50% — Digital companies that boomed during lockdowns hit by fears they cannot withstand a recession — Almost half a trillion dollars … | Mark Gurman / Bloomberg: |
Sources: Apple plans to slow hiring and spending growth next year in some divisions to cope with a potential economic downturn; the move won't affect all teams — Apple Inc. plans to slow hiring and spending growth next year in some divisions to cope with a potential economic downturn …
More:
9to5Mac and Bloomberg Law
| Joseph Menn / Washington Post: |
After Apple notified Thai activists and human rights supporters in November they had been hacked, Citizen Lab confirms 30+ have been hacked by NSO's Pegasus — Listen — Gift Article — More than 30 Thai activists and supporters have been hacked with NSO Group's potent Pegasus spyware …
More:
The Citizen Lab, Haaretz, Associated Press, 9to5Mac, The Hacker News, The Guardian, ABC, iTech Post, and freedom.ilaw.or.th
| Wall Street Journal: |
The linchpin in Microsoft's Netflix deal was Xandr, the ad tech firm it recently acquired from AT&T that's helping fuel Microsoft's online advertising ambitions — Tech company, embracing underdog role, reignites its ambitions in online advertising — Microsoft Corp. MSFT 1.04%▲ … | 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| Karen Hao / Wall Street Journal: |
Researchers say Alibaba's cloud platform that hosted Shanghai's now-leaked police database used outdated systems that didn't offer the ability to set a password — Cybersecurity companies say Alibaba's cloud platform that hosted Shanghai's police database used outdated systems that didn't offer ability to set a password| Financial Times: |
Chinese grocery delivery firm Missfresh, which had raised $1B+ in VC funding from Tiger, Goldman, others, falls in market cap on Nasdaq from $3B in 2021 to $88M — Chinese grocery delivery group valued at $3bn a year ago is now worth just $88mn — Tiger Global-backed grocery delivery start …
More:
TechCrunch, GlobeNewswire News Room, Produce Report, Business Wire, and Market Munch
Tweets: @carnage4life, @donweinland, and @muradahmed
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