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Techmeme
August 16, 2022, 11:15 AM
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Top News

Carly Page / TechCrunch:
Signal says attackers accessed the phone numbers and SMS verification codes for around 1,900 users as part of the recent Twilio breach  —  End-to-end encrypted messaging app Signal says attackers accessed the phone numbers and SMS verification codes for almost 2,000 users as part of the breach at communications giant Twilio last week.
Dave Lee / Financial Times:
Filing: Amazon accuses the FTC of harassing its top executives, including Jeff Bezos and Andy Jassy, as part of its investigation into Prime membership  —  Ecommerce group hits out at US regulator's tactics in probe into Prime membership scheme  —  Amazon has accused the US Federal Trade Commission …
Kadhim Shubber / Financial Times:
Sources: ahead of a Fed meeting in January, Celsius CEO Alex Mashinsky personally directed individual trades, overruling executives, leading to large losses  —  In January, Celsius Network boss Alex Mashinsky gathered his investment team to tell them he would be taking control …
Mark Gurman / Bloomberg:
Sources: Apple has laid off about 100 recruiter contractors in a rare move in the past week as part of a push to rein in hiring and spending  —  Apple Inc. laid off many of its contract-based recruiters in the past week, part of a push to rein in the tech giant's hiring and spending, according to people with knowledge of the matter.
Mark Gurman / Bloomberg:
Sources: Apple sets a return-to-office deadline for September 5; employees will come in Tuesdays, Thursdays, and a third day determined by individual teams  —  Apple Inc. has set a Sept. 5 deadline for corporate employees to be in the office at least three days a week after delaying …
Sara Fischer / Axios:
Oracle begins “regular vetting and validation” of TikTok's algorithms and content moderation models to ensure they aren't manipulated by Chinese authorities  —  Oracle has begun vetting TikTok's algorithms and content moderation models to ensure they aren't manipulated by Chinese authorities, Axios has learned.
Ian King / Bloomberg:
Experts say the chip market is facing an “inventory correction”, which could be the worst downturn in a decade, as the global economy weakens and demand fades  —  Even in an industry famous for its roller-coaster cycles, chipmakers are bracing for a particularly severe shift in coming months …
Kathrin Hille / Financial Times:
China's SMIC producing 7nm chips is a breakthrough but experts suggest yields are low due to lacking EUV; SMIC must now decide if it wants to mass produce 7nm
Sarah Krouse / Wall Street Journal:
Antenna: 19% of US streaming users canceled 3+ subscriptions from June 2020-June 2022; average monthly customer defections were 5.46% in July, up from 4.46% YoY  —  Customer loyalty to Netflix, Hulu, HBO Max and other services declines amid stiffer competition  —  Netflix Hit a Subscriber Peak, Here's How It Plans to Keep Growing
Lulu Yilun Chen / Bloomberg:
Analysis: Fidelity cut its estimate for Ant Group's valuation to $70B at the end of May, down from $78B in June 2021 and $235B before Ant's failed IPO in 2020  —  Fintech giant Ant Group Co.'s valuation was trimmed again by global investors who bought private shares ahead of its suspended initial public offering.

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From Mediagazer

Dade Hayes / Deadline:
Scripps' CEO says the company is adopting a streaming news model enabled by AI, including cutting 12% of staff, and praises the FCC's lift of the ownership cap

Todd Spangler / Variety:
Trump names Danielle Thumann, an adviser to FCC Chairman Brendan Carr, to serve as an FCC commissioner; if confirmed, she'd bring the Republican majority to 3-1

Ted Johnson / Deadline:
A federal judge has dismissed an antitrust challenge to Paramount's WBD acquisition brought by a group of consumers, but allows them to file a revised complaint

More News

Joe Flint / Wall Street Journal:
Nielsen strikes a deal with Amazon to measure Thursday Night Football, the first time a streaming service will be included in Nielsen's weekly TV viewing report
Reuters:
Sources: Tencent plans to sell all or a bulk of its 17% stake in Chinese food delivery company Meituan, worth ~$24B, to placate regulators and realize its gains

Earlier Picks

Reuters:
Walmart partners with Paramount to include the $4.99/month ad-supported tier of the Paramount+ streaming service as part of its Walmart+ subscription
Emma Roth / The Verge:
Zoom pushes an update to fix a flaw, found by Patrick Wardle, in its Mac app's auto-update feature that could let attackers run code with root access
Jon Porter / The Verge:
Android 13 begins rolling out today to Google's Pixel phones, earlier in the year than the previous two Android annual updates
Todd Spangler / Variety:
Snap says its Snapchat+ subscription, launched in June, now has 1M+ users globally and adds features, including priority Story replies to celebs
New York Times:
a16z invests in Adam Neumann's residential real estate management startup Flow, sources say ~$350M at a $1B+ valuation, the firm's largest-ever individual check
Lucy Harley-McKeown / The Block:
Galaxy Digital terminates its $1.2B acquisition of crypto custodian BitGo, announced in May 2021, after the service failed to provide audited statements
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