Techmeme
August 13, 2022, 4:50 PM

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.
Wall Street Journal:
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 …
Chris Metinko / Crunchbase News:
Overtime, which distributes original sports content on social media channels, raised a $100M Series D at a $500M valuation, bringing its total funding to $250M  —  Sports league startup Overtime closed a $100 million Series D valuing the company at $500 million.
Zack Whittaker / TechCrunch:
Hands-on with iOS 16's Lockdown Mode, which aims to protect against highly targeted attacks by disabling link previews in messages, limiting FaceTime, and more  —  Here's what the new spyware-busting security feature does, and why it might just work  —  Lockdown Mode is a new Apple feature you should hope you'll never need to use.
Wall Street Journal:
Meta is testing having DoorDash deliver Facebook Marketplace purchases; sources: the service delivers items that fit in a car trunk and are up to 15 miles away  —  The service will pick up and deliver items that fit in a car trunk to destinations up to 15 miles away
Freddy Brewster / Los Angeles Times:
A look at Sam Bankman-Fried's US lobbying, seeking to make CFTC, not SEC, oversee crypto markets and change how commodity futures markets operate in the US  —  In May, an eccentric 30-year-old cryptocurrency billionaire named Sam Bankman-Fried made a startling proclamation.
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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