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Techmeme
July 13, 2022, 1:20 PM
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Top News

Bloomberg:
An in-depth look at the rise and fall of crypto hedge fund Three Arrows Capital, whose founders Su Zhu and Kyle Davies bet everything on prices only going up  —  Days before Bitcoin fell decisively below $40,000, and two months before his hedge fund went bankrupt, Su Zhu sat down for an interview …
New York Times:
Twitter sues Elon Musk, in Delaware's Court of Chancery, to force him to complete his $44B acquisition of the company, as he “refuses to honor his obligations”  —  The question of whether Elon Musk must buy Twitter, as he agreed to do in April, is headed to a court in Delaware.
Shivani Tanna / Reuters:
Vermont's Department of Financial Regulation joins a multistate investigation into Celsius and says it believes the cryptocurrency lender is “deeply insolvent”  —  July 12 (Reuters) - Vermont's Department Of Financial Regulation on Tuesday said troubled crypto lender Celsius is …
Ingrid Lunden / TechCrunch:
Unity plans to merge with app monetization service IronSource, valued at $4.4B in the all-stock deal; Silver Lake and Sequoia will invest $1B after the merger  —  Update: the companies have confirmed the news here.  IronSource is being valued at $4.4 billion in the all-stock deal.
Casey Newton / Platformer:
A critique of Ev Williams' 10-year tenure at Medium and how it got caught in the middle between Substack and well-funded publishers like BuzzFeed and Vice  —  How Medium got stuck in the middle.  PLUS: Twitter sues Musk  —  Few tech CEOs can claim to have steered the course of online conversation more than Ev Williams.
Benjamin Mullin / New York Times:
Medium founder Ev Williams is stepping down as CEO, to be replaced by Coach.me CEO Tony Stubblebine; Williams plans to start a new holding company/research lab
The Verge:
Memo: Sundar Pichai told employees that Google will slow hiring in the rest of 2022 and will have to work with “greater urgency, sharper focus, and more hunger”  —  ‘Greater urgency, sharper focus, and more hunger’  —  Google has told employees that it'll be …
Tripp Mickle / New York Times:
Sources: Apple ends its consulting agreement with Jony Ive that made Apple his firm's primary client and limited Ive from taking on work Apple found competitive  —  Three years after promising to work “long into the future” with the man behind its candy-colored computers, Apple and Mr. Ive are through.
Dan Goodin / Ars Technica:
Microsoft says a phishing campaign targeted 10K+ organizations since September 2021 by hijacking Office 365's authentication process even on accounts using MFA  —  Campaign that steals email has targeted at least 10,000 organizations since October.  —  On Tuesday, Microsoft detailed …
Sarah Perez / TechCrunch:
SVP Prabhakar Raghavan says Google's studies show younger users often use apps like Instagram and TikTok instead of Google Search or Maps for discovery purposes  —  The TikTok threat to Google's business isn't just limited to YouTube, as it turns out.  Core Google services, including Search and Maps …
Hannah Miller / Bloomberg:
PitchBook: crypto startups received $6.76B in VC funding in Q2 2022, down 31% from a record $9.85B in Q1 2022  —  Crypto startups finally felt the effects of an economic storm that has been cooling digital currencies, public stocks and venture capital all year.
More: PYMNTS.com
Fortune:
Lightspeed Venture Partners raised $6.6B across three US funds and $500M for an India and Southeast Asia fund, and debuts a team to back blockchain founders
Kyle Wiggers / TechCrunch:
Kontent, whose headless CMS powers over 2K websites, apps and e-commerce stores, has raised $40M from Expedition Growth Capital  —  Kontent, a platform designed to help companies manage business-related content in the cloud, today announced that it raised $40 million from Expedition Growth Capital as part of a growth capital infusion.
Kyle Wiggers / TechCrunch:
Incident.io, which makes a Slack-based software incident response platform, has raised a $28.7M Series A led by Index Ventures  —  It's Incident.io co-founder and CEO Stephen Whitworth's assertion that there's fragmentation in the market for software incident management solutions.
More: Tech.eu
Ivan Mehta / TechCrunch:
Truecaller launches Open Doors, a Clubhouse-like app which lets users register with their phone numbers and audio chat with their contacts who have the app  —  If you thought of the age of companies launching real-time audio chat apps, you're wrong.  Swedish caller identification service Truecaller …
More: Livemint
Jasmine Hicks / The Verge:
Reddit partners with Giphy to bring GIF comments to new subreddits and existing subreddits if moderators opt in to the feature  —  Subreddit moderators can opt in to the new GIF library  —  Reddit is joining the GIF party with its new partnership with Giphy, a massive online hub where internet users upload and share GIFs.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:20 PM ET, July 13, 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.

From Mediagazer

Washington Post:
John Feinstein, a Washington Post sportswriter who wrote more than 40 books including A Season on the Brink, about basketball coach Bob Knight, has died at 69

Charles Ornstein / ProPublica:
A look at three examples of how ProPublica has used AI to analyze data, including how journalists wrote AI prompts, with staff reviewing and confirming results

Alex Weprin / The Hollywood Reporter:
Comcast and the International Olympic Committee sign a $3B deal to keep NBC and Peacock as the TV and streaming homes for the Olympics through 2036

More News

Brody Ford / Bloomberg:
IBM's Red Hat names Matt Hicks, head of products and technologies, as president and CEO, taking over from Paul Cormier, who will serve as chairman

Earlier Picks

Kurt Schlosser / GeekWire:
The leaders of Amazon, Microsoft, Apple, Meta, Google, and 500+ business, education, and nonprofit companies urge US states to boost computer science education
Peter White / Deadline:
HBO and HBO Max receive 140 Emmy nominations, while Netflix gets 105, Hulu 58, Apple TV+ 52, Disney+ 34, Amazon 30, and broadcast network TV a new low of 86
Washington Post:
An unnamed ex-Twitter employee tells the January 6 committee that Twitter went easy on Trump because it “relished” knowing it was his favorite social network
Manish Singh / TechCrunch:
Pakistan-based Airlift, which delivers goods in 30 minutes, is shutting down after failing to raise more funding; Airlift raised an $85M Series B in August 2021
Jon Porter / The Verge:
Nothing announces its phone (1), starting at £399 with LED strips on the back, two 50MP rear cameras including an ultrawide lens, in 40+ markets but not the US
Gareth Vipers / Wall Street Journal:
Elon Musk, in replies to a Breitbart tweet about Trump calling him a “bullshit artist”, says Trump should “hang up his hat” and DeSantis would easily beat Biden
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