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Techmeme
June 12, 2026, 5:10 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 closes up 19%, for a ~$2.1T market cap  —  SpaceX shares soared on Friday as trading commenced on the Nasdaq, propelling the rocket company's valuation above $2 trillion, after a record-setting initial public offering.
Reuters:
SpaceX's trading debut is a test of the “Musk premium”, the force behind Tesla's $1T+ valuation, and a gauge of investor appetite ahead of upcoming AI-tied IPOs
Aaron Holmes / The Information:
Sources: Microsoft considered spinning out or restructuring its Xbox unit as a wholly-owned subsidiary, or creating a joint venture with other partners  —  As Microsoft gets ready to overhaul its struggling Xbox gaming unit, it hasn't ruled out spinning out or restructuring the unit …
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
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
Jyoti Mann / The Information:
Staff memo: Meta plans to limit employee token usage and encourage employees to use MetaCode, after internal AI spending forecasts reached billions for 2026  —  Meta Platforms plans to clamp down on skyrocketing AI costs inside the company by imposing limits on employees' token usage …
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.
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
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 …
Bloomberg:
Sources: Roku is in talks to sell itself; its shares have risen about 24% this year, giving the company a market value of $19.9B; ROKU jumps 20%+ after hours  —  Roku Inc., the streaming video platform, is in talks to sell itself, people with knowledge of the matter said.
Jaspreet Singh / Reuters:
Meta's services, including Facebook and Instagram, are recovering after a brief outage that affected thousands of users  —  Facebook-parent Meta (META.O) said on Friday that users were having trouble accessing the social media company's services.  —  “We're aware people are currently having trouble accessing our services.
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 …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 5:10 PM ET, June 12, 2026.

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

Janko Roettgers / The Verge:
Apple TV relies on a few tentpole titles to draw audiences, like HBO did in the past, while Netflix uses its catalog size and algorithms to keep viewers engaged

Malcolm Ferguson / New Republic:
60 Minutes correspondent Cecilia Vega was fired while working on a feature on Francesca Albanese, UN special rapporteur on the Palestinian territories

Kari McMahon / A Media Operator:
6AM City is profitable as of Q1, expects a profit margin of 10%-20%, has 19 editor-led and 400+ AI-written newsletters with plans for 1500 in the coming months

More News

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

Earlier Picks

@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
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
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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