Techmeme
August 21, 2022, 3:17 AM

Top News

Kate Rooney / CNBC:
Leaked financials: FTX had revenue of $1.02B in 2021, up from $89M in 2020; operating income grew from $14M to $272M; US accounted for less than 5% of revenue  —  - FTX saw explosive growth last year driven by its global trading business, according to audited financials seen by CNBC.
Patricia Hernandez / Kotaku:
Zuckerberg responds to the mockery of the Horizon Worlds selfie, saying it was taken quickly to celebrate a launch and promises major updates to avatar graphics  —  Earlier this week was supposed to be a celebratory time for the folks at Meta, as its reality-devouring project Horizon Worlds was now available in more countries.
Zeyi Yang / MIT Technology Review:
An overview of electronic design automation software used for designing chips, as the US Commerce Department announces export controls on certain EDA tools  —  The US has moved to restrict export of EDA software.  What is it, and how will the move affect China?
Ryan Naraine / SecurityWeek:
TXOne Networks, which builds and sells tech for securing industrial IoT environments, has raised a $70M Series B led by TGVest Capital  —  TXOne Networks, a joint venture between cybersecurity firm Trend Micro and industrial networking solutions provider Moxa, has banked $70 million in new venture capital funding.
More: FinSMEs and PitchBook
Michael McSweeney / The Block:
FDIC issues cease-and-desist letters to FTX US and four other crypto firms over making “false representations” that their crypto products might be FDIC-insured  —  - The Federal Deposit Insurance Corporation (FDIC) said Friday that it sent cease-and-desist letters to five crypto companies …

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More News

Cat Zakrzewski / Washington Post:

Earlier Picks

Richard Nieva / Forbes: