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Techmeme
June 12, 2026, 1:35 PM
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Top News

Alex Harring / CNBC:
SpaceX debuts on the Nasdaq at $150, after pricing at $135, making Elon Musk the world's first trillionaire; SPCX is up ~30% intraday, for a ~$2.3T market cap  —  SpaceX shares soared on Friday as trading commenced on the Nasdaq, propelling the rocket company's valuation above $2 trillion …
Bailey Lipschultz / Bloomberg:
SpaceX raises $75B in the biggest-ever IPO, pricing 555.6M shares at $135 each
Bloomberg:
Sources: Founders Fund's ~3% stake in SpaceX is now worth $50B+, after investing $600M; a16z will get the biggest return in its history, with a $10B+ stake
Cecilia Kang / New York Times:
Google sues Chinese cybercrime network Outsider Enterprise, accusing it of using Gemini to create fake websites and scam hundreds of thousands of Americans  —  Google warned that artificial intelligence had supercharged the problem of online scams.Andria Lo for The New York Times
Jaspreet Singh / Reuters:
Meta confirms it is working to fix a widespread outage, starting at 9:20am ET, that is affecting its services, including Facebook and Instagram  —  Facebook-parent Meta (META.O) said on Friday that users were having trouble accessing the social media company's services.
Luc Cohen / Reuters:
Sam Bankman-Fried loses his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of FTX  —  Sam Bankman-Fried lost on Friday his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of the FTX cryptocurrency exchange he founded.
Lorenzo Franceschi-Bicchierai / TechCrunch:
Oracle warns customers of a critical PeopleSoft flaw after ShinyHunters claimed it breached 100+ organizations that use PeopleSoft; Oracle hasn't issued a patch  —  Oracle warned its corporate customers that there is a critical-rated vulnerability in its PeopleSoft software …
Kayla Cobb / The Wrap:
MrBeast hits 500M subscribers on YouTube, a record for the platform  —  The creator is the first to ever reach this milestone  —  MrBeast has broken yet another record.  Jimmy Donaldson, aka MrBeast, hit 500 million subscribers on YouTube Friday, becoming the first creator ever to reach that amount.
Christopher Dring / The Game Business:
Q&A with Xbox Chief Strategy Officer Matthew Ball about returning to console-exclusive releases, how using in-game ads could offset development costs, and more  —  ‘If Xbox can turn things around, the whole industry can,’ says Ball  —  Listen now on Apple, Spotify or YouTube
The Information:
Sources: six months after acquiring Rivos, Meta is struggling to integrate the chip startup and halted development of a chip for training its largest AI models  —  Meta Platforms bought semiconductor startup Rivos last year to accelerate development of in-house chips and reduce its reliance …
Kenneth Shepard / Kotaku:
Niantic Spatial says Pokémon Go data is “not part of” its deal with spatial AI company Vantor, after concerns that game data could be used for military drones  —  The company says it no longer receives data from the monster-catching app after Niantic was acquired by Scopely

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This is a Techmeme archive page. It shows how the site appeared at 1:35 PM ET, June 12, 2026.

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From Mediagazer

Tony Maglio / The Hollywood Reporter:
HBO Max is testing HBO Max Shorts, a vertical feed that features trailers, clips, and bonus content from the streamer's library, on iOS in the US

Brian Steinberg / Variety:
Memo: NYT columnist Ross Douthat, Sebastian Junger, Trevor Phillips, and Gianna Toboni will join 60 Minutes; Norah O'Donnell will also take up 60 Minutes duties

Jeremy Barr / The Guardian:
Former FCC commissioners, lawyers, and advisers issue a filing saying the FCC's ABC early license renewal proceeding is “unprecedented” and a “grave violation”

More News

@semianalysis_:
Analysis: assuming API pricing, the $200/month Claude Max and ChatGPT Pro plans offer up to ~$8,000/month and ~$14,000/month worth of tokens, respectively

Earlier Picks

Jon Brodkin / Ars Technica:
Ted Cruz and Ron Wyden introduce the JAWBONE Act, which would let Americans sue US officials who try to coerce broadcasters or platforms into censoring speech
Bill Toulas / BleepingComputer:
Europol says it has dismantled the AudiA6 crypto mixing service, which allegedly laundered $380M+ for ransomware actors and others between 2022 and 2025
Sean O'Kane / TechCrunch:
Waymo launches Waymo Premier, a $30-per-month membership program offering perks like skipping the line, 10% cashback, and five free ride cancellations per month
Seth Fiegerman / Bloomberg:
OpenAI acquires Ona, which offers cloud services to support AI agents, and plans to bring Ona's team into its Codex effort; terms of the deal were not disclosed
Dan Primack / Axios:
Jeff Bezos' Prometheus, which is building AI models for physical tasks, raised a $12B Series B at a $41B valuation, following a $6.2B Series A
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