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Techmeme
August 16, 2022, 11:40 PM
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Top News

Eric Jardine / Chainalysis:
Analysis: in 2022 through July, crypto transaction volumes are lagging behind 2021; illicit volumes are down 15% YoY and legitimate volumes are down 36% YoY  —  2022 has been a tumultuous year for cryptocurrency markets, with significant price declines across all currencies in May and June.
Sam Kim / Bloomberg:
TrendForce: DRAM bit growth, a key barometer for chip market demand that refers to the amount of memory produced, to rise 8.3% in 2023, the weakest on record  —  Mounting concern over semiconductor demand is sending shudders through North Asia's high-tech exporters, which historically serve …
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
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
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 …
Annie Palmer / CNBC:
Amazon tells merchants using Fulfillment by Amazon to pay a fee of 35¢ per item sold in the US and Canada from October 15 to January 22, citing rising expenses  —  - Amazon is raising fulfillment fees during the holiday shopping period as the company contends with rising costs.
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.
David Pan / Bloomberg:
Top publicly-traded US bitcoin miners Core Scientific, Marathon Digital, and Riot Blockchain lost $862M, $192M, and $366M in Q2 respectively after impairments  —  The three-largest US publicly traded Bitcoin mining companies lost over $1 billion in the second quarter after taking a series …
Kate O'Keeffe / Wall Street Journal:
Analysis: of the US exports to China that required a license in 2020, the Commerce Department approved 94%, or 2,652, applications for tech exports  —  Critics say the Commerce Department-led export-controls process needs an urgent overhaul, while others say the U.S. needs allies on board first
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.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:40 PM ET, August 16, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Todd Spangler / Variety:
Trump says Stephen Colbert is a “pathetic trainwreck” and “CBS should, ‘put him to sleep,’ NOW”, after CBS aired a Late Show rerun in which Colbert mocked Trump

Zachary Leeman / Mediaite:
White House deputy chief of staff Stephen Miller calls for CBS staff who “revolted” over Bari Weiss' decision to postpone 60 Minutes' CECOT segment to be fired

Todd Spangler / Variety:
Comcast extends Mike Cavanagh's contract through January 1, 2029, and grants a ~$35M performance-based stock package; he's set to become co-CEO in January 2026

More News

Anya Schiffrin / Poynter:
Former chair of the commission that began Australia's news bargaining code: AU$200M+ from Google and Meta is being injected into Australian journalism annually
Devon Zuegel / Freethink:
Argentines are adopting crypto in black markets for cash to escape government scrutiny, but are still using centralized intermediaries and apps, such as Binance
Daniela Wei / Bloomberg:
Alibaba's Tmall reintroduces H&M products, after a boycott started in March 2021 over Xinjiang comments; H&M stores don't yet appear on Apple Maps or Baidu Maps
Tracy Wang / CoinDesk:
Jump Crypto plans to build a new Solana validator client using C++, called Firedancer, in a bid to improve the network's frequent outages and slowdowns
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
Mary Ann Azevedo / TechCrunch:
Arc, which offers debt funding and digital banking services to SaaS startups, raised a $20M Series A, after raising an $11M seed and $150M debt in January 2022

Earlier Picks

Nathan Grayson / Washington Post:
After four high-profile Twitch streamers were “swatted” in a week, Twitch says it is working to mitigate swatting but notes issues around sharing personal data
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
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
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
Mark Gurman / Bloomberg:
Sources: Apple has laid off about 100 recruiter contractors in the past week, a rare move as part of a push to rein in hiring and spending
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
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