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August 2, 2022, 5:10 PM
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| Brian Newar / Cointelegraph: |
Hackers drain nearly the entire $190.7M in crypto from the Nomad token bridge, which raised an April 2022 seed from Coinbase, OpenSea, and five other companies — Hundreds of potential exploiters appear to have drained all of the bridge's $190 million in TVL in just a matter of hours. — 57 Total views
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TechCrunch, Web3 is going just great, Bloomberg, TechCrunch, Engadget, CoinDesk, Read and Share Twitter …, CertiK Blockchain …, The Record, InfoRiskToday.com, Gizmodo, Inside Bitcoins, The Verge, ETH Daily, CNBC, Decrypt, CryptoSlate, Crypto Briefing, and CoinDesk
Tweets: @samczsun, @nomadxyz_, @0xfoobar, @nomadxyz_, @samczsun, @mg_486662, @fatmanterra, @xiliangchen, @el33th4xor, @paradigmeng420, @0xfoobar, @moonbeamnetwork, @lorenzofb, @mudit__gupta, @notifi_xyz, @nassyweazy, @moonbeamnetwork, @samczsun, @bloombergtv, @silvermanjacob, @chainlinkgod, @moonbeamnetwork, @0xfoobar, @andysayler, @0xmisaka, @dzack23, @mmasnick, @cl207, @quantstamp, @cointelegraph, @jonrog1, @nickadobos, @0xfoobar, @benedictevans, @benedictevans, @levicook, @bradwilson, @matthuang, and @fatmanterra
| Mengqi Sun / Wall Street Journal: |
New York's State Department of Financial Services fines Robinhood's crypto unit $30M for allegedly violating anti-money laundering and cybersecurity regulations — The New York State Department of Financial Services alleges that Robinhood violated anti-money-laundering and cybersecurity regulations
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The Block, Gizmodo, The Register, The Verge, InfoRiskToday.com, The Block, Decrypt, PYMNTS.com, CryptoPotato, Finextra, Fast Company, CNBC, CoinGape, CoinDesk, Protocol, Bloomberg, Crypto Briefing, Bitcoinist.com, Cointelegraph, Four Eyes Finance, Finbold, CryptoSlate, and Tech News
Tweets: @lex_node and @wsjmarkets
| Ashley Capoot / CNBC: |
Robinhood reports Q2 revenue down 44% YoY to $318M, vs $321M est., a $295M net loss, down from $502M YoY, and MAUs down 1.9M QoQ to 14M in June 2022 — - Robinhood CEO Vlad Tenev said Tuesday in a press release that the company will reduce its headcount by approximately 23%.| Caitlin McCabe / Wall Street Journal: |
Robinhood plans to cut its headcount by ~23% over “additional deterioration of the macro environment”, after laying off ~9% of full-time employees in April 2022 — The job cuts mark the second round of layoffs for the online brokerage, which exploded in popularity during the Covid-19 pandemic
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TechCrunch, Fortune, and The Verge
Tweets: @bullandbaird, @rmac18, @seldo, @quinnypig, and @carlquintanilla
| Mitchell Clark / The Verge: |
Samsung launches its iFixit repair program, covering Galaxy S20, S21, and Tab S7+ devices; S22 flagships are not supported and the number of repairs are limited — But not its latest phones and tablets — Samsung and Fixit have launched their repair program that lets Galaxy S20, S21 …
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Samsung Newsroom, Gizmodo, iFixit News, TechCrunch, CNET, SlashGear, PCMag, ZDNet, XDA Developers, Engadget, and 9to5Google
| Sofia Pitt / CNBC: |
Uber reports Q2 revenue up 105% YoY to $8.1B, above $7.39B estimates, a $2.6B net loss, and mobility gross bookings up 55% YoY to $13.4B; stock closes up 18.9% — - Uber reported a net loss of $2.6 billion for the second quarter, $1.7 billion of which was attributed to investments …
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Bloomberg, Wall Street Journal, PYMNTS.com, Financial Times, Fortune, New York Times, Fast Company, Washington Post, The Guardian, TechCrunch, Coinspeaker, The Verge, Reuters, and Finbold
Tweets: @thestalwart, @dondekojo, @eliotwb, @thestalwart, @cnbc, @ldignan, and @sub8u
| Washington Post: |
Legal docs: in its Elon Musk lawsuit, Twitter subpoenaed info about Chamath Palihapitiya, David Sacks, Steve Jurvetson, Marc Andreessen, Jason Calacanis, others — Twitter has subpoenaed information about elite Silicon Valley investors Chamath Palihapitiya, David Sacks, and Steve Jurvetson
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Bloomberg, Insider, and Wccftech
Tweets: @jtlonsdale, @lizzadwoskin, @buccocapital, @lizzadwoskin, @faizsays, @eriz35, @arainert, @pt, @eghosao, @davidsacks, @damianpaletta, @taylorlorenz, @xeni, @triketora, @jason_kint, @quinnypig, and @davidsacks
| Bloomberg: |
The Chips and Science Act bars companies that get US federal funding from adding production of advanced chips in China, impacting Intel, TSMC, and others — As the US Congress passed an historic $52 billion federal program to boost domestic chipmaking capabilities, it included one significant caveat …
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Nikkei Asia, Tom Merritt Tech Newsletter, TechSpot, Appuals.com, Tom's Hardware, and TechNode
Tweets: @nikkeiasia and @pstasiatech
| Adam Morgan McCarthy / The Block: |
MicroStrategy CEO Michael Saylor steps down and takes executive chairman role “to focus more on our bitcoin acquisition strategy”; president Phong Le named CEO — - Michael Saylor is set to step down from his role as CEO and become an executive chairman.| Sofia Pitt / CNBC: |
Airbnb reports Q2 revenue up 58% YoY to $2.1B, vs $2.11B est., $379M net income, up from a loss of $68M YoY, and a $2B stock buyback program — - Revenue jumped 58% year-over-year to $2.1 billion helping to drive the company's most profitable second quarter to date.| Kyle Wiggers / TechCrunch: |
SEC filing: e-commerce marketing automation service Klaviyo raised $100M from Shopify; Klaviyo has raised ~$775M to date and was valued at $9.5B in May 2021 — Ecommerce marketing automation platform Klaviyo has received a $100 million strategic investment from Shopify … | Financial Times: |
Sources: Adam Mosseri plans to temporarily relocate to London and build out Instagram's presence over the coming months at Meta's King's Cross offices — UK capital will effectively become social media app's base as parent Meta battles TikTok — Instagram head Adam Mosseri is moving to London …
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Adweek, The Guardian, Telegraph, iPhone in Canada Blog, CNBC, Digital Trends, and Protocol
Tweets: @oliverjhaslam, @jjvincent, @mmasnick, @atbwebb, @jamesglynn, @atbwebb, @janinegibson, @acookiecrumbles, @leokelion, @quinnypig, and @aulia
| Eliot Brown / Wall Street Journal: |
Sources: despite a November 2019 pledge to slow down, Masayoshi Son pushed SoftBank staff into investing $38B out of Vision Fund 2 across 180+ companies in 2021 — CEO Masayoshi Son pledged to curb his aggressive investment bets yet plunged into startups last year at the market top
Tweets: @eliotwb, @mattzeitlin, @alexfrangos, and @wsj
| Insider: |
As TikTok grows in the Middle East and North Africa, its regional content moderators complain of psychological distress and pay of around $2 to $3 per hour — - As TikTok gains in popularity in the Middle East and North Africa, it's ramping up its content moderation operation in the region.
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Newslit Daily. Tweets: @_rosiebradbury, @cori_crider, @rinachandran, @paleofuture, @zennie_fic, @benjanun_s, @niamh_mcintyre, @marleyjaybiz, @eibroscheva, @frederickmelo, @ava_l_, @_rosiebradbury, @profdaveandress, @dmonett, @blackamazon, @foxglovelegal, @scottnover, @wolfiechristl, and @shonaghosh
| CNBC: |
AMD reports Q2 revenue up 70% YoY to $6.6B, vs $6.53B est., including Data Center segment sales up 83% YoY to $1.5B and Client segment sales up 25% YoY to $2.2B — - AMD reported earnings for the quarter ending in June that beat estimates. — The company gave a forecast for the current quarter …
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Advanced Micro Devices, Inc.. More:
VentureBeat
Tweets: @benbajarin, @marketrebels, @investorvideos, @cnbctech, and @patrickmoorhead
| Shubham Saharan / Bloomberg: |
Parafin, which builds financing arms for companies to lend to SMBs, raised a $60M Series B led by GIC, bringing its valuation to $520M and total funding to $94M — Parafin, a financial-technology startup run by former Robinhood Markets Inc. staffers, raised $60 million in its second funding round.Sponsor Posts
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