| Caitlin McCabe / Wall Street Journal: |
Robinhood plans to cut its headcount by ~23% over “additional deterioration of the macro environment”, after laying off ~9% of full-time employees in April 2022 — The job cuts mark the second round of layoffs for the online brokerage, which exploded in popularity during the Covid-19 pandemic| Ashley Capoot / CNBC: |
Robinhood reports Q2 revenue down 44% YoY to $318M, vs $321M est., a $295M net loss, down from $502M YoY, and MAUs down 1.9M QoQ to 14M in June 2022 — - Robinhood CEO Vlad Tenev said the company will reduce its headcount by about 23%. — The company also dropped its second-quarter earnings report … | 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| Adam Morgan McCarthy / The Block: |
MicroStrategy CEO Michael Saylor steps down and takes executive chairman role “to focus more on our bitcoin acquisition strategy”; president Phong Le named CEO — - Michael Saylor is set to step down from his role as CEO and become an executive chairman.| Jason Nelson / Decrypt: |
An unknown attacker has been draining Solana and USDC wallets; blockchain audit firm OtterSec says 5K+ Solana wallets have been drained in the past few hours — An unknown attacker drained thousands of wallets containing millions of dollars worth of Solana and USDC late Tuesday night.| Brian Newar / Cointelegraph: |
| Washington Post: |
Sources: Nancy Pelosi is set to meet with TSMC's chairman Mark Liu to discuss implementation of the Chips and Science Act during her visit to Taiwan — TSMC is building a chip factory in Arizona — and considering constructing several on the site — in a project seen as key to U.S. national security| Bloomberg: |
| Michael Kan / PCMag: |
Court finds a former T-Mobile store owner guilty of hacking T-Mobile staff to access internal tools that he used to make ~$25M by unlocking customers' phones — Argishti Khudaverdyan was found guilty of various offenses after he stole login credentials from more than 50 different T-Mobile employees across the US.| Manish Singh / TechCrunch: |
Source: Uber plans to sell its 7.8% stake in Indian food delivery startup Zomato for $350M+ after assuming an unrealized $707M loss on the investment in H2 2022 — Uber plans to sell its 7.8% holding in Indian food delivery firm Zomato as early as Wednesday, a source familiar with the matter told TechCrunch.| Sofia Pitt / CNBC: |
| Sarah Perez / TechCrunch: |
Match Group says Tinder CEO Renate Nyborg to leave after less than a year on the job, reorganizes app's management team, and kills crypto and metaverse plans — Dating giant Match Group announced a series of changes to Tinder's management team alongside the announcement of disappointing second-quarter earnings on Tuesday.| CNBC: |
AMD reports Q2 revenue up 70% YoY to $6.6B, vs $6.53B est., including Data Center segment sales up 83% YoY to $1.5B and Client segment sales up 25% YoY to $2.2B — - AMD reported earnings for the quarter ending in June that beat estimates. — The company gave a forecast for the current quarter … | Natasha Mascarenhas / TechCrunch: |
Y Combinator narrows its Summer cohort size by 40% to ~250 companies, down from 414 in its Winter cohort, due to a downturn in the economy and in VC funding — Technically, the accelerator is more exclusive now — Y Combinator says it has intentionally shrunk the number of startups within its accelerator for the Summer 2022 batch.| Sofia Pitt / CNBC: |
Airbnb reports Q2 revenue up 58% YoY to $2.1B, vs $2.11B est., $379M net income, up from a loss of $68M YoY, and a $2B stock buyback program — - Revenue jumped 58% year-over-year to $2.1 billion helping to drive the company's most profitable second quarter to date.| 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 … | Wall Street Journal: |
Equifax says it fixed a “technological coding issue” that sources say sent lenders faulty credit scores on millions of US consumers from mid-March-early April — During a three-week period this year, Equifax sent faulty scores to lenders, resulting in higher interest rates and denied applications| Michaela Althouse / Technical.ly: |
Virginia-based RegScale, which provides continuous compliance automation software to companies, has raised a $20M Series A led by SYN Ventures — The Tysons Corner company closed the round after a huge period of growth. Investors SYN Ventures, SineWave Ventures, VIPC's Virginia Venture Partners and SecureOctane all took part.| Financial Times: |
Source: Nick Clegg is partly relocating to London for personal reasons, splitting his time between California and the UK, as Meta embraces remote leadership — Global affairs chief will split his time between UK and California as social media group embraces remote leadership
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