Techmeme
August 13, 2022, 1:20 AM

Top News

Salvador Rodriguez / Wall Street Journal:
Sources: before ATT, Apple suggested possible revenue-sharing deals to Meta, like taking a cut from “boosted posts” via IAP and an ad-free Facebook subscription  —  The two tech giants discussed revenue-sharing arrangements, including a potential ad-free, subscription version of Facebook
Yogita Khatri / The Block:
Dutch authorities arrest a Tornado Cash developer suspected of involvement in concealing money laundering, two days after the US sanctioned the crypto mixer  —  - The Tornado Cash developer arrested by Dutch authorities on Wednesday is Alexey Pertsev, his wife has confirmed to The Block.
Patrick Coffee / Wall Street Journal:
Memo: meditation app Calm laid off 20% of its staff; sources say Calm employed ~400 people and approximately 90 were laid off; Calm had a $2B valuation in 2020  —  Cuts hit marketing department at tech ‘unicorn’  —  Calm.com Inc., maker of popular meditation and wellness app Calm …
Debby Wu / Bloomberg:
Sources: Apple tells its assemblers to make 90M of its newest iPhones, on par with 2021; IDC expects the smartphone market to shrink 3.5% in 2022  —  Apple Inc. has asked suppliers to build at least as many of its next-generation iPhones this year as in 2021, counting on an affluent clientele …
Casey Newton / Platformer:
Sources detail Meta's challenges in building encrypted messaging products, including users' apathy toward encryption, which could change with Roe overturned  —  The company is moving quickly to make Messenger more secure — but selling it to average users could prove to be a challenge
Bloomberg:
Samsung's Jay Y. Lee, who spent 18 months in prison for bribery, wins a pardon from South Korea's President, letting him regain his company leadership role  —  Samsung Electronics Co. Vice Chairman Jay Y. Lee won a presidential pardon from graft charges, allowing him to formally take the helm …
The Guardian:
Google agrees to pay $42.7M to settle a court case with Australia's ACCC over misleading some Android users about the collection of personal location data  —  The tech giant kept track of some Android phone owners even when their location history was set to ‘off’

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More News

Sarah Donaldson / Wall Street Journal:

Earlier Picks

Sean Hollister / The Verge: