Techmeme
August 18, 2022, 7:00 PM

Top News

Meghan Bobrowsky / Wall Street Journal:
Sources: Evan Spiegel told staff that Snap is stopping future development of its Pixy flying selfie camera as part of a broader reprioritization of resources  —  Move comes after company reported disappointing earnings and less than four months after the drone was launched
James Vincent / The Verge:
Sources: Crypto.com has quietly let go of hundreds more employees since announcing it was laying off around 260 employees, or 5% of its workforce, in June  —  As the market slumps, Crypto.com is trying to hide the pain  —  In June, cryptocurrency exchange Crypto.com announced …
Jess Weatherbed / The Verge:
Google plans to prioritize “content made specifically by and for people” in Search in English globally, covering shopping, tech-related content, and more  —  The first update starts rolling out on Monday  —  Google is making a series of updates to Search that aim to tackle clickbait …
Todd Spangler / Variety:
Nielsen: in July, streaming topped both cable and broadcast for the first time in the US, with a 34.8% share; Netflix had an 8% share, and YouTube had 7.3%  —  Americans now watch more stuff on TV from streaming services than either broadcast or cable TV.  —  Streaming platforms …
Michael Horowitz:
A researcher says iOS devices do not fully route all network traffic through VPNs, leading to data leaks; ProtonVPN first publicized the issue in March 2020  —  VPNs on iOS are broken.  At first, they appear to work fine.  The iOS device gets a new public IP address and new DNS servers.
Yogita Khatri / The Block:
Tether partners with “top five” accountancy firm BDO Italia to issue monthly assurance and attestation reports of its reserves “very soon”  —  - Tether said it has partnered with BDO Italia to issue attestation reports of its reserves.  — The stablecoin issuer also aims to go through “a complete audit.”
Jessica Lyons Hardcastle / The Register:
Google Cloud blocked a 46M requests-per-second DDoS attack on June 1, the largest ever and around 76% bigger than the attack Cloudflare thwarted in June  —  46 million requests per second network flood comes as attacks increase by more than 200% compared to last year
Ben Cohen / Wall Street Journal:
Loup Ventures: 75% of US iPhones now have Apple Pay activated, up from 50% in 2020 and 10% in 2016; Apple says 90% of US retailers now take Apple Pay  —  It took longer than expected for the iPhone to become a wallet.  But the patience of Apple is slowly paying off.
Bloomberg:
An interview with Animoca Brands co-founder Yat Siu on the “crypto winter”, raising funds, breaking up Meta and Microsoft's “digital dictatorships”, and more  —  The so-called crypto winter has wiped out $2 trillion in digital currency market value since November, and many investors have gone into hibernation.
Anna Gross / Financial Times:
Paul Tassi / Forbes:
After Mark Zuckerberg shared a screenshot from Horizon Worlds for an announcement, people criticize the graphics and Meta's $10B investment in the metaverse  —  Mark Zuckerberg has once again been roasted on Twitter, not over barbecue sauce or surfing this time.
Tom Warren / The Verge:
Nvidia's GeForce Now game streaming service adds 1440p support at 120fps in Chrome or Edge browsers using the $19.99/month RTX 3080 tier  —  RTX 3080 members no longer need an app  —  Nvidia is upgrading its GeForce Now game streaming service to support 1440p resolution at 120fps in a Chrome or Edge browser.
Sisi Jiang / Kotaku:
Nintendo of America President Doug Bowser tells staff the company is “actively investigating” claims that female contractors were sexually harassed  —  Doug Bowser said he is 'aware of today's media coverage involving claims made about worker conduct'
Ben Schoon / 9to5Google:
Samsung Galaxy Z Flip 4 review: an iterative upgrade with excellent performance, improved but not great battery life, and a slightly more useful cover screen  —  Foldable smartphones still feel like a brand new idea, but in reality, Samsung is now on its fourth generation of the form factor.

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Earlier Picks

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