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June 15, 2022, 4:05 PM
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Frank Chaparro / The Block:
Sources: crypto hedge fund Three Arrows Capital faces an uncertain future after a $400M+ liquidation; CEO Su Zhu: we are “fully committed to working this out”  —  The future of crypto hedge fund Three Arrows Capital hangs in the balance as the firm faces potential insolvency after being liquidated by its lenders.
Molly White / @molly0xfff:
[Thread] A look at Kraken's announcement of a culture overhaul, eschewing “stereotypical team diversity measurements”, as the crypto exchange touts hiring plans  —  Kraken, a U.S.-based crypto exchange, has announced they'll be continuing to hire, and have announced a culture overhaul that promotes “diversity of thought” over “stereotypical team diversity measurements” and prohibits describing another's words as “racist” or “x-phobic”. 🧵
New York Times:
Internal Kraken comms and interviews with five workers: some staff accuse CEO Jesse Powell of fostering a hateful workplace and dozens are considering quitting  —  Jesse Powell, who leads the crypto exchange Kraken, has challenged the use of preferred pronouns, debated who can use racial slurs and called American women “brainwashed.”
More: Protocol and VICE
Tweets: @sarahjeong, @rmac18, and @bitfinexed
Jon Porter / The Verge:
Carl Pei reveals Nothing phone (1) ahead of its July 12 launch event, saying “leaks are harder to contain nowadays”; details likely to come over the next month  —  Nothing, the consumer tech startup led by OnePlus co-founder Carl Pei, has shown off the rear design of its debut Phone 1 smartphone.
Tim Bradshaw / Financial Times:
An interview with Carl Pei on Nothing phone (1), building supplier confidence, raising funds, and more; Nothing has shipped 530K ear (1) units since August 2021
Josh Taylor / The Guardian:
Microsoft retires Internet Explorer after nearly 27 years, disabling the desktop app and directing users to Edge, which arrived with Windows 10 in 2015  —  Company says decision to disable desktop app comes as web developers less likely to make sites compatible with browser, which first graced computers in 1995
Alex Heath / The Verge:
Internal memo: Meta plans to make Facebook more like TikTok, including bringing Messenger back into the app and recommending posts from “unconnected” sources  —  Facebook employees were recently given a new directive with sweeping implications: make the app's feed more like TikTok.
New York Times:
NHTSA data from July 1, 2021, to May 15, 2022: six people died in 392 incidents involving driver-assistance tech; Teslas were in 273 crashes and five were fatal  —  The National Highway Traffic Safety Administration released data on 10 months of crashes involving systems like Tesla's Autopilot.
Foo Yun Chee / Reuters:
The EU's General Court sides with Qualcomm over the European Commission's €997M fine from 2018 for allegedly paying Apple billions to use only Qualcomm chips  —  U.S. chipmaker Qualcomm (QCOM.O) on Wednesday won its fight against a 997-million-euro ($1.05 billion) fine imposed …
James Vincent / The Verge:
YouTube launches a corrections feature, letting creators add infocards in the top right-hand corner of a video at a relevant timestamp  —  Instead of having to re-upload a whole video  —  Everyone makes mistakes, but if you mess up a fact or flub a line in a YouTube video it can be hard to correct the error.
Miles Kruppa / Wall Street Journal:
Google says 1.5B+ people watch YouTube Shorts every month; TikTok had 1B+ MAUs in September 2021 and third parties estimated almost 1.6B MAUs in March 2022  —  Alphabet's Google discloses Shorts monthly viewership for first time amid heightened competition from TikTok and Instagram Reels
Wall Street Journal:
Source: crypto lender Celsius Networks is looking for financing options from investors and exploring other strategic alternatives, like financial restructuring  —  Celsius Network, among the largest crypto lenders, has paused user accounts, citing extreme market conditions
Financial Times:
Celsius portrays itself as a simple company offering “financial freedom” but risky trades have led to a crisis, halving its assets this year to $12B in May 2022
Max Chafkin / Bloomberg:
Meta's reported investigation into Sheryl Sandberg's expenses feels strange given the company spends extreme sums of money to boost its CEO and other executives  —  For an entrepreneur who has made “community” his life's mission, Mark Zuckerberg has always seemed oddly fixated on managing his own appearance.
Sydney Maki / Bloomberg:
As crypto markets tank, El Salvador has so far lost ~$56M after President Nayib Bukele bought 2,301 bitcoin, raising concerns about debt repayments  —  An epic rout that has wiped out about two-thirds of Bitcoin's value is exacerbating the debt crisis in the world's most crypto-friendly country.
Kyle Wiggers / TechCrunch:
Fountain, which builds tools to help employers track applicants during the interview process, raised $100M led by B Capital at a nearly $1B valuation  —  The “Great Resignation,” the trend where workers are leaving their jobs at a higher-than-usual rate, is continuing unabated.
More: FinSMEs

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This is a Techmeme archive page. It shows how the site appeared at 4:05 PM ET, June 15, 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

Peter White / Deadline:
Fox and Hulu extend their content partnership, including in-season streaming rights for Fox's programming; sources: the deal is worth $1.5B over four years

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

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

Nilesh Christopher / Rest of World:
A look at Watchdog, a Sri Lanka-based research collective that built a fact-checking app and uses open source data to investigate the country's ongoing crises

Earlier Picks

Sergiu Gatlan / BleepingComputer:
Cloudflare says it mitigated a 26M-requests-per-second DDoS attack, the largest HTTPS DDoS attack detected to date, targeting a customer using its Free plan
Ash Parrish / The Verge:
Twitch expands its ad incentive program to more partners and offers bigger payouts by shifting from a flat rate for every 1,000 ads to sharing 55% of ad revenue
Stephanie Kirchgaessner / The Guardian:
Sources: US defense contractor L3Harris is in talks with NSO Group to acquire its core tech; White House says such a deal would raise serious security concerns
Filipe Espósito / 9to5Mac:
Sources: Apple plans to refresh its entry-level iPad with a USB-C port instead of Lightning, an A14 chip, 5G, and an improved display, likely coming in 2022
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