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July 12, 2022, 9:20 AM
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WeSmirchTop News
| Wired: |
Twitter employees say it's a “shit show internally”, exasperated by weak leadership and lack of support amid targeted harassment from outside the company — Days after the deal to buy Twitter fell apart, fed-up employees say they are being kept in the dark.
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New York Times, CNBC, The Block, Observer, Financial Times, Barron's Online, RTÉ, iPhone in Canada Blog, Benzinga, and Insider. Thanks:@stokel
| Kurt Wagner / Bloomberg: |
SEC filing: Twitter's lawyers call Elon Musk's deal termination “invalid and wrongful” and say Twitter “breached none of its obligations under the agreement” — Twitter Inc.'s lawyers called Elon Musk's termination of his $44 billion buyout agreement “invalid and wrongful” …
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SEC.gov, The Verge, TechCrunch, Gizmodo, Wall Street Journal, Silicon Republic, Neowin, Variety, TheStreet, Benzinga, CNN, and Quartz
Tweets: @elonmusk, @natesilver538, @scottnover, @kurtwagner8, @pt, and @danprimack
| Matt Levine / Bloomberg: |
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New York Times and PolisPandit
Tweets: @caseynewton, @noupside, @sjvn, @noupside, @drewpusateri, @scottlincicome, @opinion, @teddyschleifer, @opinion, @opinion, @opinion, @opinion, @opinion, and @carlquintanilla
| Jeremy Hill / Bloomberg: |
Liquidators say they can't find Three Arrows Capital founders Kyle Davies and Zhu Su, and seek to subpoena them to prevent the dissipation of the fund's assets — The founders of bankrupt crypto hedge fund Three Arrows Capital haven't been cooperating in the firm's liquidation process …
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Reuters, Blockworks, CoinDesk, CoinDesk, The Block, CNBC, Crypto Briefing, Crypto Daily, Ethereum World News, CryptoPotato, CryptoPotato, Tech in Asia, Bitcoinist.com, The Verge, Web3 is going just great, and Cryptonews
Tweets: @zhusu, @coindesk, @ipodave, @thomastthai, @ideagov, @priapusiq, @bitfinexed, and @jason
| Michael Kan / PCMag: |
The FTC says it will crack down on tech companies' illegal use and sharing of highly sensitive data and false claims about data-anonymization — ‘Companies that make false claims about anonymization can expect to hear from the FTC.’ … Lots of websites and apps like to claim your data is …
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Federal Trade Commission, The Verge, SiliconANGLE, and Engadget
Tweets: @wendyndavis, @karlbode, @loupas, @eric_seufert, @viacristiano, @ambaonadventure, @tonyajoriley, @swiftstories, @ftc, and @edmpirg
| Sylvia Varnham O'Regan / The Information: |
In an internal post, Meta Vice President of Remote Presence and Engineering Maher Saba instructed managers to identify and “move to exit” poor performers — Meta Platforms' Vice President of Remote Presence and Engineering Maher Saba has instructed managers to identify and …
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Washington Post, Wall Street Journal, Engadget, and Insider
| Aisha Malik / TechCrunch: |
Twitter rolls out its Unmentioning feature to all users on all devices, letting users remove themselves from conversations that include their Twitter handle — Twitter announced today that it's rolling out its “Unmentioning” feature to all users on all devices.| Arjun Kharpal / CNBC: |
XPeng Robotics, an affiliate of Chinese electric carmaker XPeng, raised $100M led by IDG, as it aims to commercialize household robotics in the next two years — - Xpeng Robotics on Tuesday said it raised $100 million as the affiliate company of Chinese electric carmaker Xpeng aims …
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Business Wire, Benzinga, Tech in Asia, and Coinspeaker
| Juli Clover / MacRumors: |
YouTube begins rolling out picture-in-picture support for all US iOS users, but says that the feature requires a premium subscription to work with music videos — YouTube today announced that it has begun rolling out picture-in-picture support for all iOS users in the United States …
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The Verge, iPhone in Canada Blog, GSMArena.com, Fossbytes, Ubergizmo, and AppleInsider
Tweets: @teamyoutube, @barbietheestar, @aaron_pearce, @appleswupdates, @adequateemily, @dylanmcd8, @willrbishop, and @reneritchie
| Paul Sawers / TechCrunch: |
Wefox, a Berlin-based digital insurer focused on personal insurance products, raised a $400M Series D at a post-money valuation of $4.5B, up from $3B in 2021 — European insurance tech startup Wefox has raised $400 million in a series D round of funding, giving the German company a post-money valuation of $4.5 billion.
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Tech.eu, AltFi, Finextra, Silicon Republic, FinSMEs, Insider, Bloomberg, and EU-Startups. Tweets: @julian_teicke
| Natasha Lomas / TechCrunch: |
After scrutiny, TikTok will pause a privacy update in Europe, due for July 13, whereby it would stop asking users for consent to be tracked to receive ads — TikTok has agreed to pause a controversial privacy policy update in Europe, which had been due to happen tomorrow … | Lulu Yilun Chen / Bloomberg: |
Sources: China decided to rein in Tencent after two scandals, including a secret WeChat project to use data to predict new Politburo standing committee members — Imagine for a second life before smartphones. Simple tasks—ordering takeout, staying in touch—become frustratingly difficult, never mind dealing with emergencies.
Tweets: @sandyhendry, @shiraovide, @hancocktom, @luluyilun, and @pingroma
| Yogita Khatri / The Block: |
Crypto lender Vauld disclosed a ~$70M shortfall, listing $330M in assets and $400M in liabilities, but says the numbers may not be final as audits are ongoing — - Vauld has disclosed a shortfall of $70 million in a letter to creditors. — The firm has also listed multiple other plans if its deal with Nexo doesn't go through.| Aidan Ryan / The Information: |
Sources: Mysten Labs, a blockchain startup founded by ex-Meta crypto executives, is in talks to raise a $200M+ Series B led by FTX Ventures at a $2B valuation — Mysten Labs—a startup founded by former Meta Platforms employees that is building a new blockchain for decentralized applications including gaming … Sponsor Posts
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