Techmeme
June 17, 2022, 8:25 AM

Top News

Ryan Mac / New York Times:
Sources: SpaceX fired employees who helped write and distribute an open letter calling Elon Musk's behavior “a frequent source of distraction and embarrassment”  —  In an email, Gwynne Shotwell, SpaceX's president, said the letter had made other employees “feel uncomfortable, intimidated and bullied.”
Casey Newton / Platformer:
Bloomberg:
Sources: Elon Musk addressed Twitter employees for the first time since agreeing to buy the company in April, discussing potential layoffs, moderation, and more  —  Tesla Inc. Chief Executive officer Elon Musk discussed his stance on what types of content should be allowed on Twitter Inc.'s social network …
The Verge:
Snap is internally testing Snapchat Plus, a paid subscription service that will give users early access to exclusive, experimental, and pre-release features  —  It's currently in “early internal testing”  —  Snap is doing internal tests of a paid subscription called Snapchat Plus …
Financial Times:
Sources: BlockFi was among the groups that liquidated at least some positions held by Three Arrows Capital, which failed to meet margin calls this past weekend  —  BlockFi was among a clutch of firms that liquidated the Singapore-based group's positions  —  Three Arrows Capital failed …
Janko Roettgers / Protocol:
Roku raises its revenue share for ad-supported streaming channels from 40% to 45% and forces linear channels to use its ad insertion technology and CDN services  —  In recent weeks, Roku began to send notices to many of its content partners, informing them that it would change a key distribution agreement.
Hannah Lang / Reuters:
State securities regulators in Alabama, Kentucky, New Jersey, Texas, and Washington are investigating Celsius Network's decision to suspend customer redemptions  —  State securities regulators in Alabama, Kentucky, New Jersey, Texas and Washington are investigating crypto lender Celsius Network's decision …
Wall Street Journal:
Sources: Klarna is in talks with investors about funding at a ~$15B valuation, down from its $45.6B valuation in June 2021; source: a deal could yield $500M+  —  The SoftBank-backed, buy-now-pay-later startup is discussing raising cash at a valuation around $15 billion, down from 2021's near $46 billion valuation
Alex Sherman / CNBC:
TikTok's global business solutions head says TikTok is an entertainment platform, not a social network like Facebook, and hasn't seen a slowdown in ad revenue  —  - Facebook is openly copying TikTok, and calling it out as a significant competitor.  — But Blake Chandlee …
Reuters:
Sources: China's central bank accepted Ant Group's application to set up a financial holding company, a key step in a year-long revamp of the fintech business  —  China's central bank has accepted Ant Group's application to set up a financial holding company, three people with knowledge of the matter said …
Financial Times:
Blockchain.com data: bitcoin's hash rate fell 4% since the start of the week, as the value of revenues paid to miners fell to its lowest level in nearly a year  —  Share prices of companies that validate crypto transactions have tumbled over the past month  —  Bitcoin miners are scaling …

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More News

Brody Ford / Bloomberg:
Cat Zakrzewski / Washington Post:

Earlier Picks

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The Markup: