Techmeme
August 4, 2022, 10:10 PM

Top News

Dan Primack / Axios:
Filing: Twitter says Elon Musk's counterclaims “are factually inaccurate, legally insufficient, and commercially irrelevant” and don't justify ending the deal  —  We still don't have Elon Musk's response to Twitter's lawsuit over his efforts to back out of his $44 billion acquisition …
Wall Street Journal:
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 …
Tom Warren / The Verge:
Microsoft starts testing an Xbox Game Pass family plan in Colombia and Ireland, letting users add up to four people in the same country to their subscription  —  Game Pass sharing goes into preview in Ireland and Colombia  —  Microsoft is starting to test an Xbox Game Pass family plan …
Michelle Price / Reuters:
Visa and Mastercard end ties with the ad arm of Pornhub owner MindGeek, after a court ruled Visa must face a lawsuit alleging it is liable for CSAM distribution  —  Visa (V.N) and Mastercard (MA.N) on Thursday said they had suspended ties with the advertisement arm of MindGeek …
Oliver Knight / CoinDesk:
Meta begins rolling out NFT support on Instagram in 100 countries after launching Coinbase Wallet and Dapper integrations and support for the Flow blockchain  —  Following a series of testing phases, NFT integration is now live on Instagram across 100 countries.
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 …
Phuong Nguyen / Reuters:
Some Samsung workers at a major smartphone factory in Vietnam say business is not good and the company is cutting production, as global electronics demand slows  —  Samsung Electronics Co Ltd has scaled back production at its massive smartphone plant in Vietnam, employees say …
Reuters:
Sources: Tencent plans to raise its Ubisoft stake, aiming to become its single largest shareholder, after buying a 5% stake in 2018; Ubisoft's stock jumps 10%+  —  Tencent Holdings Ltd (0700.HK) plans to raise its stake in French video game group Ubisoft Entertainment SA (UBIP.PA) …
Bloomberg:
Meta is selling US corporate bonds for the first time; source: the bond sale may be 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 $10 billion in its first ever corporate bond sale as its cash flow and stock price fall.
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:

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Earlier Picks

Chainalysis:
Arjun Kharpal / CNBC:
Antoine Gara / Financial Times:
Bloomberg:
Patrick McGee / Financial Times: