Techmeme
August 4, 2022, 2:00 PM

Top News

Patrick McGee / Financial Times:
Interviews with 15 current and former female Apple staff reveal apathy or retaliation in seven departments across six US states in the face of misconduct claims  —  Megan Mohr was five years into her Apple career when, in 2013, a male colleague took advantage of her after a platonic night out drinking together.
Reuters:
As Nancy Pelosi visited Taiwan, cyberattacks from China and Russia increased on the island; some 7-11 store TVs displayed “Warmonger Pelosi, get out of Taiwan!”  —  As U.S. House of Representatives Speaker Nancy Pelosi made a brief visit to Taiwan this week that enraged Beijing …
Bloomberg:
BlackRock partners with Coinbase to help institutional investors manage and trade crypto, starting with BTC, using BlackRock's Aladdin system; COIN jumps 10%+  —  BlackRock Inc. is partnering with Coinbase Global Inc. to make it easier for institutional investors to manage and trade Bitcoin …
Oliver Knight / CoinDesk:
Meta begins rolling out NFT support on Instagram in 100 countries after integrating with Coinbase Wallet, Dapper, and the Flow Blockchain  —  Following a series of testing phases, NFT integration is now live on Instagram across 100 countries.  —  Social media giant Meta (META) …
Phuong Nguyen / Reuters:
Samsung workers at a major smartphone factory in Vietnam say business is not good and the company is cutting back, as demand for electronics slows globally  —  Samsung Electronics Co Ltd has scaled back production at its massive smartphone plant in Vietnam, employees say …
Andrew Hayward / Decrypt:
The Solana Foundation says exploited addresses were “created, imported, or used” in Slope mobile wallets and there's “no evidence” the protocol was compromised  —  Private keys may have been inadvertently compromised as a Solana mobile wallet is fingered for the major network attack.
Jason Nelson / Decrypt:
Bloomberg:
Source: Meta is selling US corporate bonds for the first time, possibly between $8B and $10B in as many as four parts  —  Meta Platforms Inc., one of the few S&P 500 companies without debt, is selling US corporate bonds for the first time on Thursday, as its cash flow and stock price fall.
Antoine Gara / Financial Times:
Investor letter: Tiger Global's long-only fund ended Q2 down 63.6% and its flagship fund dropped 50% in H1, after it “underestimated the impact” of inflation  —  Chase Coleman's group sustains steep losses and admits it ‘underestimated’ effect of rising prices
Chainalysis:
Analysis: $2B in crypto has been stolen from cross-chain bridges across 13 hacks in 2022 so far, accounting for 69% of total funds stolen  —  Following last night's exploit of the Nomad Bridge, Chainalysis estimates that $2 billion in cryptocurrency has been stolen from cross-chain bridges across 13 separate hacks so far this year.
Reuters:
Sources: Tencent plans to raise its stake in Ubisoft to become its single largest shareholder, after buying a 5% stake in 2018; Ubisoft's stock price jumps 10%+  —  Tencent Holdings Ltd (0700.HK) plans to raise its stake in French video game group Ubisoft Entertainment SA (UBIP.PA) …
Arjun Kharpal / CNBC:
Alibaba beats with Q1 revenue flat YoY at $30.68B, its first-ever flat growth, and $3.3B net income; Cloud revenue rose 10% YoY to $2.6B; stock rises 5%+  —  - Alibaba reported fiscal first-quarter earnings on Thursday that beat expectations, sending shares higher.

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This is a Techmeme archive page. It shows how the site appeared at 2:00 PM ET, August 4, 2022.

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Bloomberg:

Earlier Picks

Bloomberg:
Aisha Malik / TechCrunch:
Kate Beioley / Financial Times: