Techmeme
August 12, 2022, 6:30 PM

Top News

Salvador Rodriguez / Wall Street Journal:
Sources: before ATT, Apple and Meta discussed revenue-sharing deals, such as Apple taking a cut of “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
Andrew Rummer / The Block:
Dutch authorities arrest a developer in Amsterdam suspected to be involved with Tornado Cash, two days after the US sanctioned the crypto mixing service  —  - Dutch authorities arrested a developer suspected of involvement in Tornado Cash on Wednesday, two days after the US government sanctioned the crypto mixing service.
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 …

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More News

Sarah Donaldson / Wall Street Journal:
The Guardian:

Earlier Picks

Sean Hollister / The Verge:
John D. McKinnon / Wall Street Journal:
Vishal Chawla / The Block:
Devin Coldewey / TechCrunch: