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February 9, 2022, 7:30 AM
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memeorandum
WeSmirchTop News
| Devlin Barrett / Washington Post: |
The US DOJ arrests two people in New York and seizes ~$3.6B worth of bitcoin allegedly stolen in a 2016 Bitfinex hack, its “largest financial seizure ever” — The Justice Department announced Tuesday it had seized more than $3.6 billion in bitcoin allegedly stolen as part …
More:
Bitfinex, U.S. Department of Justice, VICE, CoinDesk, BuzzFeed News, New York Times, Decrypt, CoinDesk, Bloomberg, CoinDesk, The Economic Times, New York Times, Associated Press, Reuters, CryptoSlate, Reuters, File411's Newsletter, CNBC, Fortune, Gizmodo, Input, Engadget, iTnews, BBC, NPR, Security Affairs, PC Gamer, The Daily Hodl, Bitcoinist.com, TechCrunch, Newser, The Register, and Bitcoin News
Tweets: @bitfinex, @eamonjavers, @ericwdolan, @thegrugq, @neerajka, @mattzeitlin, @nkulw, @sarahnemerson, @skupor, @sgurman, @freddieraynolds, @jackniewold, @jackniewold, @jackniewold, @kevincollier, @justinhendrix, @scottmelker, @rapplerdotcom, @davidgura, @real_vijay, @burgessct, @nftherder, @eamonjavers, @bitcointina, @zhusu, @harrylitman, @loganbartlett, @smorgasboredom, @sandofsky, @bgarlinghouse, @jackniewold, @silvermanjacob, @nktpnd, @erenbali, @mylegacykit, @scottmelker, @lorenzofb, @eringriffith, @jon_christian, @mimms, @jordanschachtel, @weldpond, @campuscodi, @campuscodi, @saylor, @tuurdemeester, @pwnallthethings, @fintechfrank, @epro, @fintechfrank, @ldrogen, @roshunpatel, @cobie, @ericgeller, @susanlitv, @eamonjavers, @joshdcaplan, and @ericgeller
| Lauren Feiner / CNBC: |
As Meta dips under a $600B market cap, it may avoid antitrust liability since it falls below the threshold set by recent US House bills as a “covered platform” — - Facebook owner Meta closed with a market cap below $600 billion on Tuesday for the first time since May 2020.
More:
Gotrade Daily, Winvesta Crisps, and Engadget
| Bloomberg: |
Sources: Microsoft is in talks to acquire cybersecurity research and incident response company Mandiant, whose stock closed up 17.86% on Tuesday — Microsoft Corp. is considering making a bid for cybersecurity-research and incident response company Mandiant Inc., according to a person familiar …
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CyberScoop, Thurrott, Silicon Republic, Barron's Online, Mandiant, Inc., ZDNet, MarketWatch, CRN, PYMNTS.com, SiliconANGLE, VentureBeat, Channel Futures, MSSP Alert, iTnews, and Windows Central
Tweets: @tsgiles, @tomwarren, @dinabass, @hackinglz, and @danprimack
| Darren Loucaides / Wired: |
A deep dive into the CEO and history of Telegram, which has about 30 core employees, minimal content moderation, and, until recently, no ongoing revenue — Hundreds of millions of users. No algorithm. No ads. Courage in the face of autocracy. Sound like a dream? Careful what you wish for.
More:
Digital Threat Digest. Tweets: @caseynewton, @tinch, @brianfishman, @brianfishman, @brianfishman, @brianfishman, @brianfishman, @brianfishman, @ukzak, @brianfishman, @photomatt, @photomatt, and @jsrailton
| Bloomberg: |
As crypto tokens fall, FTX and Crypto.com will run Super Bowl ads, seeking new customers; research shows $112.9M+ has been spent on crypto TV ads since 2020 — It's a testing time for crypto exchanges to be making their Super Bowl ad debuts. — Recruiting new users can be simple when prices are skyrocketing.
More:
Wall Street Journal, Fortune, Ad Age, Washington Post, Decrypt, Yahoo Finance, Bitcoin News, and CoinDesk
Tweets: @katherinemiller, @joemccann, @ndrew_lawrence, @krangtnelson, @cz_binance, @coinbureau, and @silvermanjacob
| Chance Miller / 9to5Mac: |
Apple unveils Tap to Pay, letting US merchants accept payments with an iPhone and a partner-enabled app “later this year”; partners include Stripe and Shopify — Apple has officially announced a new Tap to Pay feature for iPhone. This feature, coming later this year …
Source:
Apple. More:
MacRumors, Finbold, Cointelegraph, Wall Street Journal, Silicon Republic, AppleInsider, NFCW, TechRadar, Mashable, 9to5Mac, The Verge, BGR India, Gizchina, altfi.com, iMore, Macworld UK, American Banker, Livemint, Laptop Mag, and The Economic Times
Tweets: @patrickc, @tim_cook, @bzamayo, @lukemiani, @rsgnl, @snazzyq, @snazzyq, @nyse, @simplepc, @sarthakgh, @callumj, @tobi, @ishanagarwal24, @bzamayo, @vadimyuryev, @callebtc, @trungtphan, @tomwarren, @rsgnl, @erenbali, @chancehmiller, @benedictevans, @stalman, @benedictevans, @chancehmiller, @edwinwee, @collision, @patio11, @markgurman, @ishanagarwal24, @jerrycap, and @deitaone
| Justine Calma / The Verge: |
The WWF hyped and then canceled plans to raise money for conservation with NFTs on Polygon's “eco-friendly blockchain”, a fraught claim dismissed by experts — WWF thought it picked a less polluting blockchain — Within a few days last week, the World Wildlife Fund hyped …
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WWF, New Republic, euronews, Sky News, Gizmodo, and ScreenRant
Tweets: @wwf_uk, @georgemonbiot, @darkviperau, @nash076, @kingbdogz, @markdistef, @katearonoff, @pixelatedboat, @rjcc, and @alexhern
| Ryan Gallagher / Bloomberg: |
Twitter tells US Senator Wyden that it's “transitioning” away from using Mitto for passcodes, as the text message services firm faces surveillance accusations — Twitter Inc. told a U.S. senator it is cutting ties with a European technology company that helped it send sensitive passcodes to its users via text message.
More:
Engadget
| Financial Times: |
A look at the effect of current and prospective regulations by EU countries on US streamers, including mandatory investments and retention of producer rights — Netflix, Disney and Amazon grapple with national investment targets and a shake-up in who owns rights| Manish Singh / TechCrunch: |
Xpressbees, an Indian logistics startup that works with many e-commerce companies in the country, raises a $300M Series F, bringing its total funding to $575.8M — Xpressbees, an Indian logistics startup that works with several e-commerce firms in the country, has more than tripled its valuation …
More:
Moneycontrol, Entrackr, Livemint, The Economic Times, YourStory.com, Tech in Asia, and Business Today
| Olivia Little / Media Matters for America: |
TikTok continues to allow ads encouraging ADHD self-diagnosis and medication, geared towards young users and likely violating its medical misinformation policy — RESEARCH CONTRIBUTIONS FROM GIDEON TAAFFE, KAYLA GOGARTY & ABBIE RICHARDS — A swarm of advertisements encouraging attention …
Tweets: @lmatsakis, @benjamindictor, @olivialittle, @thomdunn, @taylortrudon, @thomdunn, @ohhkaygo, @disabledphd, and @slooterman
| Mark Gurman / Bloomberg: |
Apple plans to improve benefits for full- and part-time US retail workers, including doubling paid sick days and increasing PTO, amid a tight labor market — Apple Inc. plans to significantly increase its benefits for U.S. retail store workers as it grapples with a tightening labor market …
More:
iThinkDifferent and Engadget
Tweets: @markgurman, @zoeschiffer, @kevinmorales___, @t1redpr0, and @jesshutch
| Fintech Finance: |
French startup Seyna, which develops insurance and productivity tools for brokers, raises a €33M Series A, bringing its total funding to €47M — Seyna, the fast-growing insurance platform, announces a €33 million investment round to scale its service to all brokers and merchants in Europe.| Tage Kene-Okafor / TechCrunch: |
Egypt-based Thndr, an investing app for stocks and mutual funds in the Middle East and North Africa, raises a $20M Series A led by Tiger Global and others — The MENA region has about 400 million people with $500 billion in annual savings. But as a relatively young population …
More:
Disrupt Africa
| Ingrid Lunden / TechCrunch: |
Swiss startup Scandit, which develops software for scanning barcodes, IDs, and more, raises a $150M Series D led by Warburg Pincus at a $1B+ valuation — Consumers and businesses are forever demanding faster and easier ways to get things done, and today a startup that is building tech …
More:
VentureBeat, FinSMEs, Tech.eu, Crunchbase News, EU-Startups, Reuters, and Scandit
| Ben Thompson / Stratechery: |
A review of digital advertising in 2022, which has shifted from a Google-Meta duopoly to one where Amazon and potentially Apple are major forces — Six years ago tomorrow, in The Reality of Missing Out, I wrote that the digital advertising market was settled, and Google and Facebook won:
More:
CNN, Australian Financial Review, and Transistori
| Jessica Bursztynsky / CNBC: |
Lyft Q4: revenue of $970M, vs. $940M est. and up from $570M YoY, average revenue per rider of $51.79, up 14% YoY, but 18.73M active riders, down from 18.94M QoQ — - Lyft reported fourth-quarter earnings after-the-bell on Tuesday. — Lyft reported 18.73 million active riders in the last quarter of 2021.
More:
Lyft, Inc., Reuters, TechCrunch, Barron's Online, Wall Street Journal, and ZDNet
| The Intercept: |
Purchase records and docs show that 14 of the 15 US Cabinet departments and several other federal agencies bought Cellebrite phone hacking tools in recent years — Investigators with the U.S. Fish and Wildlife Service frequently work to thwart a variety of environmental offenses …
More:
9to5Mac. Tweets: @marahvistendahl, @foxcahn, @marahvistendahl, @stopspyingny, and @hypervisible
| Bloomberg: |
Dutch company ASML, which develops essential chipmaking machines, says an affiliate of a Chinese company has begun marketing products that infringe on its IP — ASML Holding NV has warned that an affiliate of a China company it previously accused of stealing its trade secrets …
Tweets: @cagankoc
| Shubham Agarwal / The Verge: |
Interviews with over a dozen rapid grocery delivery workers in India show they spent months healing after road accidents and had to pay their own medical bills — India's instant delivery apps are pushing drivers into accidents — Mahesh knew he was running out of time.
Tweets: @phonesoldier, @roadsofmumbai, @adrianhon, @moravec, and @phonesoldier. Thanks:@phonesoldier
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