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August 16, 2022, 8:35 PM
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Top News

Kadhim Shubber / Financial Times:
Sources: ahead of a Fed meeting in January, Celsius CEO Alex Mashinsky personally directed individual trades, overruling executives, leading to large losses  —  In January, Celsius Network boss Alex Mashinsky gathered his investment team to tell them he would be taking control …
Sara Fischer / Axios:
Oracle begins “regular vetting and validation” of TikTok's algorithms and content moderation models to ensure they aren't manipulated by Chinese authorities  —  Oracle has begun vetting TikTok's algorithms and content moderation models to ensure they aren't manipulated by Chinese authorities, Axios has learned.
Eric Jardine / Chainalysis:
Analysis: in 2022 through July, crypto transaction volumes are lagging behind 2021; illicit volumes are down 15% YoY and legitimate volumes are down 36% YoY  —  2022 has been a tumultuous year for cryptocurrency markets, with significant price declines across all currencies in May and June.
Dave Lee / Financial Times:
Filing: Amazon accuses the FTC of harassing its top executives, including Jeff Bezos and Andy Jassy, as part of its investigation into Prime membership  —  Ecommerce group hits out at US regulator's tactics in probe into Prime membership scheme  —  Amazon has accused the US Federal Trade Commission …
Carly Page / TechCrunch:
Signal says attackers accessed the phone numbers and SMS verification codes for around 1,900 users as part of the recent Twilio breach  —  End-to-end encrypted messaging app Signal says attackers accessed the phone numbers and SMS verification codes for almost 2,000 users as part of the breach at communications giant Twilio last week.
Annie Palmer / CNBC:
Amazon tells merchants using Fulfillment by Amazon to pay a fee of 35¢ per item sold in the US and Canada from October 15 to January 22, citing rising expenses  —  - Amazon is raising fulfillment fees during the holiday shopping period as the company contends with rising costs.
Kate O'Keeffe / Wall Street Journal:
Analysis: of the US exports to China that required a license in 2020, the Commerce Department approved 94%, or 2,652, applications for tech exports  —  Critics say the Commerce Department-led export-controls process needs an urgent overhaul, while others say the U.S. needs allies on board first
Mark Gurman / Bloomberg:
Sources: Apple has laid off about 100 recruiter contractors in the past week, a rare move as part of a push to rein in hiring and spending  —  Apple Inc. laid off many of its contract-based recruiters in the past week, part of a push to rein in the tech giant's hiring and spending, according to people with knowledge of the matter.
Ian King / Bloomberg:
Experts say the chip market is facing an “inventory correction”, which could be the worst downturn in a decade, as the global economy weakens and demand fades  —  Even in an industry famous for its roller-coaster cycles, chipmakers are bracing for a particularly severe shift in coming months …
Kathrin Hille / Financial Times:
China's SMIC producing 7nm chips is a breakthrough but experts suggest yields are low due to lacking EUV; SMIC must now decide if it wants to mass produce 7nm
Tracy Wang / CoinDesk:
Jump Crypto plans to build a new Solana validator client using C++, called Firedancer, in a bid to improve the network's frequent outages and slowdowns  —  The crypto trading firm and builder is reupping its commitment after the once-hot blockchain hit potholes.
David Pan / Bloomberg:
Top publicly-traded US bitcoin miners Core Scientific, Marathon Digital, and Riot Blockchain lost $862M, $192M, and $366M in Q2 respectively after impairments  —  The three-largest US publicly traded Bitcoin mining companies lost over $1 billion in the second quarter after taking a series …
More: NewsBTC

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This is a Techmeme archive page. It shows how the site appeared at 8:35 PM ET, August 16, 2022.

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From Mediagazer

Joshua Benton / Nieman Lab:
Around 75% of the largest US newspapers aren't endorsing anyone for president this year, as publishers try not to annoy any sliver of their remaining customers

Ellen Clegg / What Works:
After The Minnesota Star Tribune decided last summer not to endorse anyone for president, 15 former opinion staffers posted their own endorsement online

Alyson Krueger / New York Times:
A profile of Town & Country EIC Stellene Volandes, who is trying to keep the Hearst-owned 178-year-old magazine relevant via social media and its website

More News

Devon Zuegel / Freethink:
Argentines are adopting crypto in black markets for cash to escape government scrutiny, but are still using centralized intermediaries and apps, such as Binance
Daniela Wei / Bloomberg:
Alibaba's Tmall reintroduces H&M products, after a boycott started in March 2021 over Xinjiang comments; H&M stores don't yet appear on Apple Maps or Baidu Maps
Joe Flint / Wall Street Journal:
Nielsen strikes a deal with Amazon to measure Thursday Night Football, the first time a streaming service will be included in Nielsen's weekly TV viewing report
Nathan Grayson / Washington Post:
After four high-profile Twitch streamers were “swatted” in a week, Twitch says it is working to mitigate swatting but notes issues around sharing personal data

Earlier Picks

Reuters:
Sources: Tencent plans to sell all or a bulk of its 17% stake in Chinese food delivery company Meituan, worth ~$24B, to placate regulators and realize its gains
Sarah Krouse / Wall Street Journal:
Antenna: 19% of US streaming users canceled 3+ subscriptions from June 2020-June 2022; average monthly customer defections were 5.46% in July, up from 4.46% YoY
John D. McKinnon / Wall Street Journal:
Idaho-based Kochava sues the FTC, claiming the agency is threatening to sue it for marketing geolocation data that might be used to track abortion clinic visits
Emma Roth / The Verge:
Zoom pushes an update to fix a flaw, found by Patrick Wardle, in its Mac app's auto-update feature that could let attackers run code with root access
Todd Spangler / Variety:
Snap says its Snapchat+ subscription, launched in June, now has 1M+ users globally and adds features, including priority Story replies to celebs
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