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August 15, 2022, 10:25 AM
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memeorandum
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| New York Times: |
a16z invests in Adam Neumann's residential real estate management startup Flow, sources say ~$350M at a $1B+ valuation, the firm's largest-ever individual check — WeWork's founder is back with a billion-dollar venture. — WeWork's founder is going residential
More:
Andreessen Horowitz and The Economic Times
Tweets: @tier10k, @a16z, @mdudas, @damedoteth, @katienotopoulos, @chafkin, @hassankhan, @quantian1, @mollywood, @eliotwb, @eliotwb, @tomgara, @coloradotravis, @marypcbuk, @tonyfratto, @alexrkonrad, @econ_marshall, @conorsen, @robinwigg, @eliotwb, @tylerlinklevoss, @riddle245, @pitdesi, @arpitrage, @nycsouthpaw, @gunjanjs, @buccocapital, @buccocapital, @jordanzakarin, @thomasborgers, @mylesudland, @mayazi, @ivanthek, @ldrogen, @mylesudland, and @thestalwart
| Mark Gurman / Bloomberg: |
Sources: Apple ads team lead Todd Teresi now reports directly to Eddy Cue and wants to increase the group's ad revenues from $4B per year to double digits — Apple is set to expand ads to new areas of your iPhone and iPad in search of its next big revenue driver.
More:
XDA Developers, MacRumors, Financial Times, Forbes, 9to5Mac, Slashdot, iPhone in Canada Blog, Macworld, The Verge, SlashGear, Pocket-lint, Digital Trends, Android Authority, iPhone Hacks, Appuals.com, Philip Elmer‑DeWitt, AppleInsider, and Philip Elmer‑DeWitt
| Lucy Harley-McKeown / The Block: |
Galaxy Digital terminates its $1.2B acquisition of crypto custodian BitGo, announced in May 2021, after the service failed to provide audited statements — - Galaxy Digital announced on Monday that it would terminate its deal with crypto custodian BitGo, which had been announced in May 2021.
Source:
Canada NewsWire Group. More:
Blockworks, Decrypt, TechCrunch, CoinDesk, Barron's Online, Cointelegraph, Bloomberg, Coinspeaker, MarketWatch, and CryptoPotato
Tweets: @lopp and @arrington
| Lily Hay Newman / Wired: |
A “jailbreak” for John Deere tractors, helping farmers modify and repair them, highlights issues with securing farm equipment and the right-to-repair debate — A hacker has formulated an exploit that provides root access to two popular models of the company's farm equipment.
More:
Slashdot. Tweets: @dcuthbert, @banditelli, @datnofact, @bnox, @andrewcouts, @sickcodes, and @lukolejnik
| Tiffany Hsu / New York Times: |
Ahead of the US midterms, a look at TikTok's ongoing struggles to contain misinformation during elections, such as in Australia, France, and Kenya this year — The fast-growing platform's poor track record during recent voting abroad does not bode well for elections in the U.S., researchers said.
More:
Mozilla Foundation. Tweets: @nytimes, @will_doran, @vmramos, @guingonabart, @terri_rupar, @lolnevertweet, @mattyglesias, and @carnage4life
| David McCabe / New York Times: |
More:
CSO. Tweets: @nytimes, @julianku, @riegerreport, @danharris, @fryan, @pkafka, @profcarroll, and @amanbatheja
| Bobby Kent / GameLuster: |
Court docs in Brazil show Microsoft sold approximately 58.5M Xbox One units in total, or half of the PS4's 117.2M sales; Microsoft has long hidden sales figures — A high-profile case is ongoing in Brazil, as Microsoft attempts to defend its Activision Blizzard acquisition from CADE, the Brazilian competition authority.
More:
The Verge, PCMag, Eurogamer.net, KnowTechie, iPhone in Canada Blog, GameSpot, Pure Xbox, Gizchina, TrueAchievements, Gameranx, Stevivor, Game Rant, GamingBolt, Thurrott, Appuals.com, and TheGamer
Tweets: @toadsanime, @tomwarren, @nextgenplayer, and @gossithedog
| 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 — It's not going to make much of a dent to offset Snap's stalling ad business, but the company is touting that it has signed up more than 1 million subscribers …
More:
TechCrunch, Reuters, Adweek, and Snap Newsroom
| Reuters: |
Unity Software rejects AppLovin's $17.54B all-stock takeover offer, saying it would proceed with its deal to acquire ironSource for $4.4B in stock — Gaming software maker Unity Software Inc (U.N) on Monday rejected AppLovin Corp's (APP.O) $17.54 billion takeover offer and said it would go ahead …
Source:
Unity Technologies. More:
TechCrunch, AdExchanger, Wall Street Journal, Protocol, Globes Online, Game Developer, Bloomberg, and Mobilegamer.biz
| Paresh Dave / Reuters: |
Around two years ago, Apple updated its employee conduct policy to prohibit discrimination on the basis of caste, making it a leader on the issue alongside IBM — America's tech giants are taking a modern-day crash course in India's ancient caste system, with Apple (AAPL.O) … | Alex Webb / Bloomberg: |
Meta focusing on Europe makes sense for three reasons: raising ARPU in the region to US levels, facing off regulatory headwinds, and attracting cheaper talent — A sizable chunk of the executive team at Meta Platforms Inc.—Facebook, to you and me—is decamping to London.| Bloomberg: |
Analysis: Google Maps in the US regularly misleads people looking for abortion providers, instead pointing them towards non-medical crisis pregnancy centers — Chey was a 19-year-old college sophomore living near Orlando, Florida, when she discovered she was pregnant and decided to have an abortion.
Tweets: @daveyalba, @daveyalba, @jackgillum, @parmy, @parmy, @parmy, @davidjoachim, @wexler, and @annmarie
| Jen Wieczner / New York Magazine: |
An in-depth look at the fall of Three Arrows Capital, led by Su Zhu and Kyle Davies, which built a solid reputation only to vaporize billions of dollars — Everyone trusted the two guys at Three Arrows Capital. They knew what they were doing — right? — The boat was a beauty of a thing …
Tweets: @0xtuba, @timccopeland, @jenwieczner, @timccopeland, @gabrielhaines, @timccopeland, @timccopeland, @lil_smush, @jenwieczner, @tier10k, and @joonian
| Margaret O'Mara / MIT Technology Review: |
An in-depth look at Silicon Valley's historical corporate culture, how straight white men benefitted, and efforts by women and minorities to push for change — A new generation of tech activists, organizers, and whistleblowers, most of whom are female, non-white, gender-diverse, or queer, may finally bring change.
Tweets: @adrianafreitas, @amydiehl, @margaretomara, @aarieff, @sub8u, @aarieff, @girlswhocode, @rcourt, and @charlottejee
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