Techmeme
August 10, 2022, 12:15 PM

Top News

Rebecca Elliott / Wall Street Journal:
Filings: Elon Musk sold around 7.9M Tesla shares, worth nearly $7B, between Friday and Tuesday, likely to preempt a judge forcing his Twitter acquisition  —  The billionaire suggested stock sales were aimed at avoiding a fire sale if forced to buy the social-media company
Jason Koebler / VICE:
Served with warrants, Meta gave a teen's Messenger chats to Nebraska authorities, who charged her and her mother with breaking laws related to an abortion  —  Motherboard has obtained court documents that show Facebook gave police a teenager's private chats about her abortion.
Meta:
Meta says the warrants in the Nebraska case didn't mention abortion, only the burning and burial of a stillborn, came before Roe's reversal, and had a gag order  —  Much of the reporting about Meta's role in a criminal case against a mother and daughter in Nebraska is plain wrong.
Allison Johnson / The Verge:
Samsung debuts Galaxy Z Fold 4 with 6.2" and 6.7" displays, Snapdragon 8+ Gen 1, 12GB RAM, 256GB+ storage, and 50MP camera, available to pre-order for $1,799  —  Minor camera and software improvements, big $1,799 price tag  —  Samsung, purveyor of the only serious foldables available on a global scale …
Nirave Gondhia / XDA Developers:
Dan Goodin / Ars Technica:
Cloudflare says some employees fell for an SMS phishing scam, but the company's hardware MFA keys stopped the hackers from accessing its internal network  —  Unusually resourced threat actor has targeted multiple companies in recent days.  —  At least two security-sensitive companies …
Ivan Mehta / TechCrunch:
Spotify quietly begins selling event tickets to users in the US directly, instead of redirecting buyers to Ticketmaster and Eventbrite  —  Spotify has launched a new site to sell fans tickets to live gigs directly from its platform instead of redirecting users to partners like Ticketmaster and Eventbrite.
Reuters:
A report from Iran's Tasnim agency says the country paid for its first import order using cryptocurrency this week, worth $10M, helping circumvent US sanctions  —  Iran made its first official import order using cryptocurrency this week, the semi-official Tasnim agency reported on Tuesday …
Abner Li / 9to5Google:
Google launches Get The Message, a campaign to pressure Apple to support RCS over SMS/MMS, highlighting low-resolution photos and videos, no e2ee, and more  —  For the past year, Google has been increasingly calling out Apple for not adopting RCS (Rich Communication Services) on the iPhone.
Jon Fingas / Engadget:
Samsung announces the Galaxy Z Flip 4, featuring the same 1.9" and 6.7" displays alongside battery and camera upgrades and Snapdragon 8+ Gen 1, starting at $999  —  As expected, Samsung has unveiled the Galaxy Z Flip 4 — but the phone's greatest improvements might come through upgrades to software, not specs.
Mat Smith / Engadget:
Pew Research Center:
An in-depth look at how teens use social media: YouTube is dominant, TikTok is ascendant, Facebook is falling, and Instagram and Snapchat remain important  —  TikTok has established itself as one of the top online platforms for U.S. teens, while the share of teens who use Facebook has fallen sharply
Florence Ion / Gizmodo:
Samsung announces $230 Galaxy Buds 2 Pro with a smaller form factor, improved active noise cancellation, 24-bit Hi-Fi audio, and more; pre-orders start today  —  New buds alert!  Samsung has announced the second-generation Galaxy Buds 2 Pro in tandem with its latest batch of foldables.
Debby Wu / Bloomberg:
Foxconn reports Q2 revenue rose 12% YoY to ~$50B and net income reaches ~$1.1B, as its cloud unit helped weather supply chain issues and weak smartphone demand  —  Hon Hai Precision Industry Co., the maker of most of the world's iPhones, posted a profit that beat estimates as demand …
Jordan Novet / CNBC:
Coinbase misses with Q2 revenue down 64% YoY to $808.3M, vs. $832.2M est., a $1.1B net loss, trading volume down 53% YoY to $217B, and 9M MTUs  —  - Coinbase's revenue declined almost 64% in the quarter as cryptocurrency prices fell.  — The exchange operator lowered its full-year forecast for transacting users.
Victoria Song / The Verge:
Samsung debuts $280 Galaxy Watch 5 and $450 Galaxy Watch 5 Pro, both with a touch bezel and improved BioActive sensor; pre-orders open today  —  It's also aiming for the Garmin crowd with the Watch 5 Pro  —  After weeks of leaks and rumors, Samsung finally announced the $279.99 Galaxy Watch 5 …
Bloomberg:
A jury finds former Twitter employee Ahmad Abouammo guilty of spying for Saudi Arabia by turning over Saudi dissidents' account data in exchange for bribes  —  A former Twitter Inc. employee was convicted of spying for Saudi Arabia by turning over personal information of platform users …
Harri Weber / TechCrunch:
Vancouver-based Hootsuite plans to lay off 30% of its workforce, an estimated 400 people; PitchBook says the social media marketing company has raised $300M+  —  Social media marketing firm Hootsuite says it has slashed its workforce by 30%.  —  “We need to refocus our strategies to drive efficiency …
Todd Spangler / Variety:
NFT startup Dapper Labs hires Nick Grudin, formerly Meta's Head of Content Partnerships for 12 years, as chief business officer  —  After nearly 12 years at Meta and Facebook, Nick Grudin is leaving the social-media giant.  Grudin next month will join NFT digital-collectibles company Dapper Labs as chief business officer.

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Vincent Manancourt / Politico:
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