Techmeme
July 22, 2022, 8:10 PM

Top News

Bloomberg:
Source: FTX is in advanced talks to acquire South Korean cryptocurrency exchange Bithumb  —  FTX, the crypto trading platform co-founded by billionaire Sam Bankman-Fried, is in advanced talks to buy South Korea's Bithumb, a person with knowledge of the matter said.
Cameron Thompson / CoinDesk:
FTX plans to let customers of bankrupt crypto lender Voyager create new accounts on FTX, funded by an early distribution of a part of their bankruptcy claims  —  The crypto exchange will allow Voyager customers to create accounts funded by an early distribution of a part of their bankruptcy claims.
Annie Palmer / CNBC:
Twitter reports Q2 revenue down 1% YoY to $1.18B, vs. 1.32B est., a $270M net loss, down from $66M in net income a year ago, and 237.8M mDAUs, up 16.6% YoY  —  - Twitter reported earnings for the second quarter on Friday that missed analyst estimates on earnings, revenue and user growth.
Jacob Kastrenakes / The Verge:
Twitter says Q2 ad revenue grew 2% YoY to $1.08B and blames its revenue slide on uncertainty around Elon Musk's “pending acquisition” and ad industry problems  —  Musk is creating ‘uncertainty’ for advertisers  —  Twitter would have earned more money over the past few months if Elon Musk hadn't been in the picture.
Bloomberg:
An interview with 3AC founders Su Zhu and Kyle Davies, who may be hiding in the UAE, on its “regrettable” collapse, leverage, Luna, risk management, and more  —  After five weeks in hiding, the disgraced founders of Three Arrows Capital spoke extensively about the spectacular implosion …
Ashley Capoot / CNBC:
Snap's stock closes down 39.08% following its Q2 earnings report that missed expectations, and is down 78%+ year-to-date  —  - Shares of Snap fell 39% on Friday, a day after the company reported disappointing second-quarter results.  — Snap attributed its results to a challenging economy …
Mike Allen / Axios:
Amazon SVP of global corporate affairs Jay Carney plans to join Airbnb in September 2022 as global head of policy and communications, succeeding Chris Lehane  —  Jay Carney, who was White House press secretary under President Obama, will move from Amazon to Airbnb as global head of policy and communications.
Oversight Board:
Meta's Oversight Board Trust says the company is giving $150M to the trust as part of ongoing financial support, after its initial $130M contribution in 2019  —  Today the Oversight Board Trust announced that Meta has made a commitment that provides for ongoing financial support for the Oversight Board.
Lawrence Abrams / BleepingComputer:
Entrust, an ID management company used by US Treasury, DHS, and others, confirms it was breached by a ransomware gang in June which stole internal data  —  Digital security giant Entrust has confirmed that it suffered a cyberattack where threat actors breached their network and stole data from internal systems.

Sponsor Posts

Tribe AI:
State of AI: Adoption, Challenges and Recommendations  —  Examining the current state of AI, the key challenges organizations face, and practical recommendations for utilizing AI integration alongside other best practices.
SignalFire:
SignalFire raises another $1 billion to back applied AI startups  —  We build AI too.  It tracks 650M tech employees so we can help companies with recruiting and GTM across enterprise, infra, healthcare, security, and consumer.
Zoho:
Mileage tracking made easy with Zoho Expense  —  When just a swipe of your finger could raise mileage expenses, why waste time remembering and logging every mile driven on your spreadsheets, emails, or shared files?
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

BG2 Pod:
Tariffs, Free Trade, Export Controls, H20 & Rare Earth Ban
Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner and Bill Gurley.
Subscribe to BG2 Pod.
Great Chat:
Founders need prenups, too
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
Techmeme Ride Home:
The AI Coding Wars Are Upon Us
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
Azeem Azhar's Exponential View:
Sir Niall Ferguson decodes Trump, China, and the new world order
Azeem Azhar explores how AI and exponential technologies are shaping our future.
Subscribe to Azeem Azhar's Exponential View.
Channels with Peter Kafka:
Roblox CEO David Baszucki knows what your kids are doing.
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:10 PM ET, July 22, 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.

More News

Earlier Picks

Jon Brodkin / Ars Technica:
Bloomberg:
Ingrid Lunden / TechCrunch: