Techmeme
August 2, 2022, 4:13 PM

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
Mengqi Sun / Wall Street Journal:
New York's State Department of Financial Services fines Robinhood's crypto unit $30M for allegedly violating anti-money laundering and cybersecurity regulations  —  The New York State Department of Financial Services alleges that Robinhood violated anti-money-laundering and cybersecurity regulations
Mitchell Clark / The Verge:
Samsung launches its iFixit repair program, covering Galaxy S20, S21, and Tab S7+ devices; S22 flagships are not supported and the number of repairs are limited  —  But not its latest phones and tablets  —  Samsung and Fixit have launched their repair program that lets Galaxy S20, S21 …
Sofia Pitt / CNBC:
Uber reports Q2 revenue rose 105% YoY to $8.1B, above $7.39B estimates, a $2.6B net loss, and mobility gross bookings up 55% YoY to $13.4B; stock jumps 15%+  —  - Uber reported a net loss of $2.6 billion for the second quarter, $1.7 billion of which was attributed to investments and a revaluation of stakes in Aurora, Grab and Zomato.
Washington Post:
Legal docs: in its Elon Musk lawsuit, Twitter subpoenaed info about Chamath Palihapitiya, David Sacks, Steve Jurvetson, Marc Andreessen, Jason Calacanis, others  —  Twitter has subpoenaed information about elite Silicon Valley investors Chamath Palihapitiya, David Sacks, and Steve Jurvetson
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 …
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.
Bill Toulas / BleepingComputer:
CloudSEK researchers find 3,207 mobile apps exposing Twitter API keys to the public, potentially letting hackers take over associated users' Twitter accounts  —  Cybersecurity researchers have uncovered a set of 3,207 mobile apps that are exposing Twitter API keys to the public …
Shubham Saharan / Bloomberg:
Parafin, which builds financing arms for companies to lend to SMBs, raised a $60M Series B led by GIC, bringing its valuation to $520M and total funding to $94M  —  Parafin, a financial-technology startup run by former Robinhood Markets Inc. staffers, raised $60 million in its second funding round.
More: PYMNTS.com

Sponsor Posts

Google:
Generate videos with Veo 3 in Google Gemini  —  Create high-quality, 8-second videos with Veo 3, our state-of-the-art AI video generator.  Try it with a Google AI Pro plan or get the highest access with the Ultra plan.
Techmeme Leaderboards:
Discover the top reporters on AI safety, robotics, stablecoins, and much more  —  We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 50 topics.  Download reports immediately for just $100.
Zoho:
Understanding the U.S. overtime policy in Zoho People  —  The importance of tracking overtime working hours cannot be overstated.  It has to be done carefully to stay compliant, keep your HR operations efficient, and pay employees accurately.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Grit:
How Dropbox Beat Big Tech in the Cloud Wars
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
Inside the expert network training every frontier AI model | Garrett Lord (Handshake CEO)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
The Big GPT-5 Debate, Sam Altman's AI Bubble, OnlyFans Chatbots
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Tech Brew Ride Home:
Has China Shut The Door On Nvidia?
Tech news headlines every day. 15 minutes and you're up to date. From Tech Brew, Morning Brew's tech hub.
Subscribe to Tech Brew Ride Home.
The Social Radars:
Founder Mode: Paul Graham, Founder, Y Combinator
Come be a fly on the wall as Y Combinator's Jessica Livingston and Carolynn Levy talk to some of the most successful founders in Silicon Valley about how they did it.
Subscribe to The Social Radars.
Hard Fork:
Is This an A.I. Bubble? + Meta's Missing Morals + TikTok Shock Slop
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:13 PM ET, August 2, 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.

More News

Earlier Picks

Joseph Cox / VICE:
Sabrina Ortiz / ZDNet:
Heather Somerville / Wall Street Journal:
Emma Roth / The Verge: