Techmeme
July 22, 2022, 11:55 PM

Top News

Bloomberg:
An interview with 3AC founders Su Zhu and Kyle Davies, who may be hiding in the UAE, on its “regrettable” collapse, leverage, Luna, risk management, and more  —  After five weeks in hiding, the disgraced founders of Three Arrows Capital spoke extensively about the spectacular implosion …
Bloomberg:
Source: FTX is in advanced talks to acquire South Korean cryptocurrency exchange Bithumb  —  FTX, the crypto trading platform co-founded by billionaire Sam Bankman-Fried, is in advanced talks to buy South Korea's Bithumb, a person with knowledge of the matter said.
Cameron Thompson / CoinDesk:
FTX plans to let customers of bankrupt crypto lender Voyager create new accounts on FTX, funded by an early distribution of a part of their bankruptcy claims  —  The crypto exchange will allow Voyager customers to create accounts funded by an early distribution of a part of their bankruptcy claims.
Annie Palmer / CNBC:
Twitter reports Q2 revenue down 1% YoY to $1.18B, vs. 1.32B est., a $270M net loss, down from $66M in net income a year ago, and 237.8M mDAUs, up 16.6% YoY  —  - Twitter reported earnings for the second quarter on Friday that missed analyst estimates on earnings, revenue and user growth.
Jacob Kastrenakes / The Verge:
Zoe Kleinman / BBC:
Ashley Capoot / CNBC:
Snap's stock closes down 39.08% following its Q2 earnings report that missed expectations, and is down 78%+ year-to-date  —  - Shares of Snap fell 39% on Friday, a day after the company reported disappointing second-quarter results.  — Snap attributed its results to a challenging economy …
Sergiu Gatlan / BleepingComputer:
Microsoft resumes blocking VBA macros by default in downloaded Office documents, after rolling it back earlier this month following user feedback  —  Microsoft announced today that it resumed the rollout of VBA macro auto-blocking in downloaded Office documents after temporarily rolling …
Mike Allen / Axios:
Amazon SVP of global corporate affairs Jay Carney plans to join Airbnb in September 2022 as global head of policy and communications, succeeding Chris Lehane  —  Jay Carney, who was White House press secretary under President Obama, will move from Amazon to Airbnb as global head of policy and communications.
Oversight Board:
Meta's Oversight Board Trust says the company is giving $150M to the trust as part of ongoing financial support, after its initial $130M contribution in 2019  —  Today the Oversight Board Trust announced that Meta has made a commitment that provides for ongoing financial support for the Oversight Board.

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Wed. 10/05 - Elon Wants Twitter Now. We Think. Who KNOWS ANYMORE!!??
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