Techmeme
August 2, 2022, 7:25 AM

Top News

Brian Newar / Cointelegraph:
Hackers drain nearly the entire $190.7M in crypto from the Nomad token bridge, which raised an April 2022 seed from Coinbase, OpenSea, and five other companies  —  Hundreds of potential exploiters appear to have drained all of the bridge's $190 million in TVL in just a matter of hours.  —  57 Total views
Financial Times:
Sources: Adam Mosseri plans to temporarily relocate to London and build out Instagram's presence over the coming months at Meta's King's Cross offices  —  UK capital will effectively become social media app's base as parent Meta battles TikTok  —  Instagram head Adam Mosseri is moving to London …
Washington Post:
Legal docs: Twitter subpoenaed information about Chamath Palihapitiya, David Sacks, Steve Jurvetson, Marc Andreessen, and others in its Elon Musk lawsuit  —  Twitter has subpoenaed information about elite Silicon Valley investors Chamath Palihapitiya, David Sacks, and Steve Jurvetson
Jonathan Vanian / CNBC:
Pinterest reports Q2 revenue up 9% YoY to $666M, vs $667M est., global MAUs down 5% YoY to 433M, vs 431M est., and a net loss of $43M; stock jumps 20%+  —  - Pinterest posted disappointing financial results and gave guidance that missed Wall Street expectations, but user numbers were better than expected.
Sabrina Ortiz / ZDNet:
IDC reports global Chromebook shipments fell 51.4% YoY to 6M units in Q2 2022, still above pre-pandemic levels, and tablet shipments rose 0.15% YoY to 40.5M  —  The second quarter of 2022 showed a sharp decline in Chromebook shipments  —  When the world went online because of the pandemic …
Insider:
As TikTok grows in the Middle East and North Africa, its regional content moderators complain of psychological distress and pay of around $2 to $3 per hour  —  - As TikTok gains in popularity in the Middle East and North Africa, it's ramping up its content moderation operation in the region.
Wallace Witkowski / MarketWatch:
Activision Blizzard reports Q2 revenue of $1.64B, down from $2.3B YoY, vs $1.57B est., $280M net income, down from $876M YoY, and 361M MAUs, down from 408M YoY  —  Ahead of earnings, Microsoft reportedly said Activision Blizzard has no ‘must have’ games  —  Activision Blizzard Inc. shares ticked higher …
Joseph Cox / VICE:
Leaked docs: how Roblox handles child grooming, automatic image scanning, mass shooting simulators, and more; Roblox says it has 2,600+ working on moderation  —  Internal documents reveal how exactly the platform played by half of all children in the U.S. is tackling grooming …
Simon Sharwood / The Register:
Microsoft extends the useful life of its cloud server assets from four to six years, citing improved efficiencies and tech, and expects to save $3.7B in FY 2023  —  Banks billions by making servers last even longer than AWS or Google  —  Microsoft has extended the life of the machines powering …
Politico:
On top of chip subsidies, the US must reform its immigration policies for high-skilled workers and invest in STEM education to become a manufacturing hub again  —  JOHNSTOWN, Ohio — Just 15 minutes outside of downtown Columbus, the suburbs abruptly evaporate.
Richard Waters / Financial Times:

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More News

Matt Day / Bloomberg:
Washington Post:

Earlier Picks

Rebecca Bellan / TechCrunch:
Heather Somerville / Wall Street Journal:
Emma Roth / The Verge: