Techmeme
March 3, 2023, 11:25 PM

Top News

Erin Woo / The Information:
Sources: last month, Amazon threatened to withhold payments for advertising it runs on Twitter, as the social network refused to pay its AWS bills for months  —  Elon Musk is running into an obstacle in his relentless drive to cut costs at Twitter: some of the same vendors that Twitter …
Matt Day / Bloomberg:
Amazon pauses second phase of construction of its HQ2 in Virginia as it reassesses office needs following its deepest-ever job cuts; phase one nears completion  —  Amazon.com Inc. is pausing construction on its sprawling second headquarters near Washington, a decision that coincides …
Wall Street Journal:
Internal docs detail efforts by Tether Holdings and Bitfinex to maintain access to the global banking system by using shadowy intermediaries and shell companies  —  Tether Holdings and related crypto broker obscured identities, documents show  —  In late 2018, the companies behind …
Erik Schatzker / Bloomberg:
Coinbase acquires One River, a crypto asset management startup that serves only institutional clients, like pension funds; One River was valued at $186M in 2021  —  Coinbase Global Inc., still reeling from a plunge in trading volume on its exchanges, is expanding into a less-volatile corner …
Axios:
Sources: Founders Fund cut Fund VIII, which is expected to start deploying capital in Q2 2023, from ~$1.8B to ~$900M; the money will be pushed to its ninth fund  —  Founders Fund has quietly cut the size of its eighth venture capital fund in half, from around $1.8 billion to around $900 million, Axios has learned from multiple sources.
Annie Palmer / CNBC:
Amazon plans to close eight Go convenience stores in Seattle, NYC, and San Francisco, as the company reevaluates its brick-and-mortar strategy and cuts costs  —  - Amazon is closing eight Go convenience stores in Seattle, New York City and San Francisco.  — The company had previously announced …
Josh Eidelson / Bloomberg:
An NLRB director rules that Google is a “joint employer” with YouTube subcontractor Cognizant and must bargain with Cognizant workers if they vote to unionize  —  Alphabet Inc.'s Google is legally the boss of YouTube contract staff and must collectively bargain with the workers …

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Earlier Picks

New York Times:
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Washington Post:
The Verge:
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John Tozzi / Bloomberg:
CyberScoop: