Techmeme
August 4, 2022, 9:10 AM

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.
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:
Mark Gurman / Bloomberg:
Sources: Apple plans to delay iPadOS 16 by about a month, partly due to work on its multitasking features, targeting an October release alongside macOS Ventura  —  Apple Inc. expects to delay its next major iPad software update by about a month, taking the unusual step of not releasing …
Aisha Malik / TechCrunch:
Meta plans to shut down its Facebook Live Shopping feature on October 1, as the company shifts its focus to Reels on Facebook and Instagram  —  Facebook is shutting down its live shopping feature on October 1st to shift its focus to Reels, the company announced in a blog post.
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.
Bloomberg:
BlackRock partners with Coinbase to help institutional investors manage and trade crypto, starting with bitcoin, using BlackRock's Aladdin system  —  BlackRock Inc. is partnering with Coinbase Global Inc. to make it easier for institutional investors to manage and trade Bitcoin …
Bloomberg:
Source: Activision Blizzard and NetEase scrapped a World of Warcraft mobile game after a financing dispute; sources: NetEase disbanded a team of 100+ developers  —  Activision Blizzard Inc. and NetEase Inc. have torpedoed a World of Warcraft smartphone game that had been in development for three years …
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
Mary Ann Azevedo / TechCrunch:
Buenos Aires-based payments infrastructure startup Geopagos raised $35M led by Riverwood Capital, its first outside investment since being founded in 2013  —  Geopagos, a payments infrastructure startup based in Buenos Aires, has raised $35 million in a round led by Riverwood Capital.
Bloomberg:
A look at the implosion of Zilingo, valued at $1.2B five months ago, as interviews suggest the fashion marketplace struggled under CEO Ankiti Bose for years  —  At first glance, the implosion of vaunted fashion startup Zilingo Pte looked jarringly sudden.  —  When the Singapore tech darling suspended …

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Earlier Picks

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