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February 18, 2022, 1:30 PM
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Top News

Ingrid Lunden / TechCrunch:
Meta loses its head of global community development, after a sting video goes viral where he admits inappropriate and graphic communications with a 13 year old  —  Meta, the parent company of Facebook, has confirmed to TechCrunch that Jeren A. Miles, who had been a manager of global community development …
Jeran Wittenstein / Bloomberg:
Meta drops out of the top 10 most valuable companies globally, dropping five places since September 2021 as its market value declined by $513B to $565B  —  Meta Platforms Inc. has tumbled out of the world's 10 largest companies by market value, hammered by its worst monthly stock decline ever.
Berber Jin / The Information:
Source: Tiger Global told investors earlier this month that it will no longer focus on large, late-stage startups preparing to go public  —  Responding to a steep sell-off in technology stocks, some hedge funds and other investment firms with large public stock portfolios have been turning away …
Andrew Cunningham / Ars Technica:
Windows 11 Pro's initial setup phase will require a Microsoft Account and an internet connection, like for Windows 11 Home  —  It's one of the new build's smaller changes—but also one of the most annoying.  —  Now that Windows 11's first major post-release update has been issued …
Reed Albergotti / Washington Post:
Sources: some US Apple Store employees are working to unionize, with groups in at least two stores preparing to file paperwork with the NLRB in the near future  —  Employees at several Apple Stores across the country are quietly working to unionize, according to people familiar with the efforts …
Kirsten Grind / Wall Street Journal:
Sources: federal and state regulators have widened their investigation into how Activision Blizzard CEO and its board handled workplace misconduct allegations  —  SEC subpoenas more current and former executives; California agency seeks additional information on CEO Bobby Kotick and board's handling of workplace misconduct allegations
Dr. Ian Cutress / AnandTech:
Intel Xeon roadmap: Emerald Rapids, based on Intel 7 process, coming in 2023, Granite Rapids and new Efficient-core Sierra Forest in 2024, both built on Intel 3  —  It's no secret that Intel's enterprise processor platform has been stretched in recent generations.
Chaim Gartenberg / The Verge:
Intel says its discreet Arc GPUs for laptops will ship in Q1 2022, Arc GPUs for desktop will ship in Q2, and Arc GPUs for workstations will ship in Q3
Dan Primack / Axios:
Source: Helium, a decentralized network of 500K+ cryptocurrency-mining hotspots that offer free p2p networking, raises a $200M Series D at a $1.2B valuation  —  The existential question of crypto “utility” continues to roil the tech community, pitting some Web 2.0 icons against their web3 cousins.
More: The Block
Parmy Olson / Bloomberg:
Nick Clegg's promotion reduces Mark Zuckerberg's responsibility for tackling uncomfortable policy issues and obscures his enduring grip over voting shares  —  Facebook has always been good at telling a story.  After a whistle-blower revealed astonishing harm caused by the company's products …
Alex Heath / The Verge:
Meta confirms the combined monthly user base for Horizon Worlds and Venues has grown to 300,000 people, up 10x since launching in December  —  That's a 10x increase in about three months.  But can the growth continue?  —  Facebook has bet its future on virtual reality and the metaverse …
Don Clark / New York Times:
A profile of Intel CEO Pat Gelsinger, who joined the company at 18, as he seeks to rejuvenate the beleaguered giant by building chip factories across the world  —  Patrick Gelsinger is back running a company he first joined at 18.  The chip maker was a Silicon Valley titan that lost its luster.

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This is a Techmeme archive page. It shows how the site appeared at 1:30 PM ET, February 18, 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

Jonathan Stempel / Reuters:
A New York judge finds Sirius XM liable for a difficult subscription cancellation process; Sirius says it will appeal but abide by a new “click-to-cancel” rule

Brian Steinberg / Variety:
Sources: NBCUniversal Vice Chairman Bonnie Hammer plans to leave the company at the end of the year; she has been with the company since 2004

Ashley Carman / Bloomberg:
A growing number of podcasters, including Tim Ferriss, are moving away from interviews to monologues or co-hosts, as some well-known guests can be overexposed

More News

Wall Street Journal:
How advertisers are dealing with Facebook ad price increases prompted by Apple's ATT changes, with some shifting their ad budgets to Google, Amazon, and TikTok
Mary Ann Azevedo / TechCrunch:
Coast, which makes expense management software to help companies control fuel and fleet spending, raises a $27.5M Series A co-led by Accel and Insight Partners
Jennifer Schonberger / Yahoo Finance:
Source: Biden is expected to issue an EO next week directing agencies to study crypto and a CBDC, and come up with a strategy to regulate digital assets
Steve Lohr / New York Times:
Google creates a $100M skills training fund for low-income Americans, with loans repayable only once students obtain jobs paying at least $40K a year

Earlier Picks

Jordan Novet / CNBC:
Roku reports Q4 revenue of $865.3M, vs. $894M est., up 33% YoY, 60.1M active accounts, up 17% YoY, and 19.5B streaming hours, up 15% YoY; stock drops 24%+
New York Times:
Sources: the value of Spotify's deal with Joe Rogan, which covers three and a half years, was at least $200M, twice the $100M that reports suggested at the time
Andrew Blok / CNET:
YouTube details new efforts to stop misinformation, including stopping such content before it goes viral and limiting cross-platform sharing of misinformation
Bloomberg:
The US adds AliExpress and WeChat to its annual list of markets for counterfeiting and piracy; Pinduoduo and Taobao remain on the list
Chris Strohm / Bloomberg:
DOJ establishes the National Cryptocurrency Enforcement Team to investigate illegal schemes run by criminals and countries like North Korea and Iran
Nicole Wetsman / The Verge:
Tandem Diabetes Care says one of its apps got FDA clearance to program insulin delivery for the company's pump, the first such app to receive approval
Dan Primack / Axios:
Sequoia Capital to raise $500M to $600M for a fund focused on liquid crypto investments, along with a $900M-$950M Ecosystem Fund and $3.2B-$3.5B Expansion Fund
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