Techmeme
January 22, 2022, 3:20 PM

Top News

Tracy Wang / CoinDesk:
CoinGecko: since Thursday, the cryptocurrency industry's market cap is down ~20% to ~$1.6T; Bitcoin fell ~20% to ~$34K and Ethereum fell ~30% to ~$2.3K  —  Cryptocurrencies are getting rekt.  —  Crypto blue-chips bitcoin (BTC) and ether (ETH) breached key $40,000 and $3,000 support levels …
Mark Williams / The Columbus Dispatch:
How Ohio attracted Intel to build semiconductor plants, including pursuing execs for eight months, financial incentives, sustainability commitments, and more  —  It was a Christmas morning surprise for Ohio's governor and lieutenant governor: Intel was coming to Ohio.
Alana Semuels / TIME:
Intel commits $20B to build at least two semiconductor fabrication plants on a 1,000-acre site by 2025, employing at least 3,000 people in New Albany, Ohio  —  As part of an effort to regain its position as a leading maker of semiconductors amidst a global chip shortage …
Alex Wilhelm / TechCrunch:
Plaid acquires Cognito, which offers ID verification and compliance services to financial firms, source says for ~$250M in cash and stock  —  Plaid, a fintech unicorn known for its APIs that connect consumer bank accounts to financial applications, announced today that it is buying Cognito.
Stefanie Marotta / Bloomberg:
Shopify confirms it canceled contracts with warehouse and fulfillment partners, but says its capacity to handle orders won't be affected; stock closed down 14%  —  Shopify Inc. plunged by the most since March 2020 after a report that the Canadian e-commerce company terminated contracts with several warehouse and fulfillment partners.
Bloomberg:
A look at ID.me, which will soon be used to verify IRS.gov logins and claims to have uncovered a $400B theft of US pandemic unemployment payments  —  If you were writing a techno-thriller, you'd give your hero a backstory like Blake Hall's.  He's a Harvard MBA, an alumnus …
Jason Schreier / Bloomberg:
A group of 34 QA testers at Activision Blizzard's Raven Software vote to unionize with the CWA, and ask the company to voluntarily recognize their union status  —  Microsoft Corp.'s planned acquisition of Activision Blizzard Inc. will come with an unexpected and perhaps unwelcome addition: a small group of unionized workers.
Vittoria Elliott / Rest of World:
US tech firms are “nearshoring” Latin American talent, lured by cheaper costs and similar time zones, leading to staffing shortages at tech firms in the region  —  As a hedge against American talent poachers, some exasperated founders are recruiting developers who can't speak English.
More: The Diff

Sponsor Posts

Termina:
AI Powered Diligence at Scale  —  VCs and founders deploy Termina AI Scans on >12% of all known series A+ deals to uncover hidden risks and opportunities.  Explore how you too can invest and build better companies with AI.
Zoho:
Key components of a successful L&D strategy  —  A learning and development strategy is a comprehensive plan that focuses on devising strategies to enhance the skills and competencies of employees while aiding …
SBS Comms:
Expect Better: SBS Comms  —  The media landscape is changing fast, so don't be slow — out with the old, in with the new.  SBS helps tech companies like GitHub, Cloudflare, Flexport, Ramp and more modernize comms and secure impactful results.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Techmeme Ride Home:
Nvidia Earnings
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
Decoder with Nilay Patel:
Understanding Elon Musk's polarizing ascent in the MAGA movement
A show from the Verge about big ideas - and other problems.
Subscribe to Decoder with Nilay Patel.
Lenny's Podcast:
An inside look at X's Community Notes | Keith Coleman (VP of Product) and Jay Baxter (ML Lead)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Generative Now:
Mikey Shulman answers your questions about Suno and making music with AI
A podcast from Lightspeed dedicated to highlighting the stories, strategies and insights behind today's most exciting AI companies.
Subscribe to Generative Now.
Channels with Peter Kafka:
Free speech is under attack
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:20 PM ET, January 22, 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.

More News

Karl Evers-Hillstrom / The Hill:
Bloomberg Law:

Earlier Picks

Kim Lyons / The Verge:
Zac Bowden / Windows Central:
Bloomberg:
New York Times: