An unknown attacker has been emptying Solana and USDC wallets; Solscan says over 15,000 wallets have been affected, draining $4.46M, primarily in SOL and USDC
An unknown attacker drained thousands of wallets containing at least $4 million worth of Solana and USDC late Tuesday night.
Hackers drain nearly the entire $190.7M in crypto from the Nomad token bridge, which raised an April 2022 seed from Coinbase, OpenSea, and five other companies
Brian Newar / Cointelegraph :
Robinhood plans to cut its headcount by ~23% over “additional deterioration of the macro environment”, after laying off ~9% of full-time employees in April 2022
The job cuts mark the second round of layoffs for the online brokerage, which exploded in popularity during the Covid-19 pandemic Source: Under the Hood .
US House Speaker Nancy Pelosi meets with TSMC chairman Mark Liu and others to discuss implementation of the Chips and Science Act during her Taiwan visit
TAIPEI — U.S. House Speaker Nancy Pelosi met with Taiwan's most important chip industry leaders in Taipei on Wednesday as part …
Textbook publisher Pearson plans to turn its e-books into NFTs so the company can profit from secondhand sales
The chief executive officer of Pearson Plc, one of the world's largest textbook publishers, said he hopes technology like non-fungible tokens and the blockchain could help …
Nintendo misses with Q1 sales down 4.7% YoY to ~$2.3B and operating profit down 15.1% YoY to ~$763M; Switch sales fell 22.9% YoY to 3.43M
Nintendo Co. reported worse-than-expected first-quarter earnings on Wednesday as a weaker yen failed to offset declining hardware and software sales. Source: Nintendo Investor Relations .
MicroStrategy CEO Michael Saylor steps down and takes executive chairman role “to focus more on our bitcoin acquisition strategy”; president Phong Le named CEO
- Michael Saylor is set to step down from his role as CEO and become an executive chairman.
Robinhood reports Q2 revenue down 44% YoY to $318M, vs $321M est., a $295M net loss, down from $502M YoY, and MAUs down 1.9M QoQ to 14M in June 2022
Robinhood CEO to lay off 23% of staff after Q2 loss Jay Peters / The Verge : Robinhood is firing nearly a quarter of its staff Tweets: Dare Obasanjo / @carnage4life : Robinhood is laying off 23% of it...
An interview with Bored Ape Yacht Club creators Greg Solano and Wylie Aronow on BuzzFeed “doxxing” them, Yuga Labs, the future of BAYC, Otherside, and more
The evening of February 4, business partners Greg Solano, 33, and Wylie Aronow, 35, were at their respective homes … Tweets: @nickchilds , @ethangach , @jiwilde , @taylorlorenz , @inputmag , @inputmag...
Chiliz, which owns digital fan token service Socios, buys a 24.5% stake in soccer club Barcelona's Barça Studios for $100M and will help expand Web3 offerings
Chiliz has acquired a 24.5% stake in Barca Studios, the Spanish soccer giant's digital-content creation arm.
Source: Meta Global Affairs President Nick Clegg is partly relocating to London for personal reasons, splitting his schedule between California and the UK
Global affairs chief will split his time between UK and California as social media group embraces remote leadership
Sources: Samsung and SK Hynix are rethinking their China exposure after the US Chips and Science Act, which has qualified “guardrails” against China expansion
Last Friday AMD surpassed Intel in market capitalization: The Economic Times : As US eyes new China chip curbs, turmoil looms for global market Pranay Kotasthane / Technopolitik : 0x04 US-China Compet...
Match Group says Tinder CEO Renate Nyborg is leaving after less than a year, reorganizes the app's management team, and ends Tinder's crypto and metaverse plans
Dating giant Match Group announced a series of changes to Tinder's management team alongside the announcement of disappointing second-quarter earnings on Tuesday.
NPD Group: US consumer spending on video game products fell 13% YoY to $12.35B in Q2 2022; non-mobile subscription content was Q2's only segment that saw growth
The video game industry growth has slowed down — US consumer spending on video game products has fallen by $1.78 billion in Q2, according to market research firm NPD. Source: NPD Group .
OnePlus 10T review, unveiled today for $649: Snapdragon 8+ Gen 1 and wired charging are fast, but water resistance is weak and the 2MP macro camera is pointless
When OnePlus does a mid-year refresh of its phones, typically you end up with a slightly snappier device with a handful of slight refinements.
Match Group misses on Q2 revenue up 12% YoY to $795M, vs. $804M est., and paying users up 10% YoY to 16.4M, vs 16.5M est.; stock down 22% on stymied growth
The second quarter of 2022 was an exciting one for Match Group. Eric J. Savitz / Barron's Online : Match Stock Crumbles. Earnings and Outlook Fell Short. TechCircle : Tinder CEO Renate Nyborg steps do...
Amazon launches its Luna game streaming service on Samsung's 2022 smart TVs and monitors as part of the Samsung Gaming Hub
Luna joins Stadia, GeForce Now, and Xbox Cloud Gaming in the Samsung Gaming Hub — Amazon's game streaming service, Luna, is launching on Samsung's 2022 smart TVs and monitors today.
Thoma Bravo plans to acquire enterprise identity management service Ping Identity in an all-cash $2.8B deal; Ping reported $72M in Q2 revenue, below estimates
After a tough few months in the markets for Ping Identity, the enterprise identity management company today announced a big move …
India's government withdraws its long-awaited Personal Data Protection Bill, criticized by privacy advocates and tech giants, and will focus on a new framework
The Indian government is withdrawing its long-awaited Personal Data Protection Bill that drew scrutiny from several privacy advocates …
Y Combinator shrinks its Summer cohort to nearly 250 companies, down 40% from 414 in its Winter cohort, due to the downturn in the economy and VC environment
Technically, the accelerator is more exclusive now — Y Combinator says it has intentionally shrunk the number of startups within its accelerator for the Summer 2022 batch.
Sources: White House antitrust adviser Tim Wu plans to leave in the coming months and return to Columbia Law School; Wu helped develop Biden's EO on competition
White House adviser Tim Wu, who worked to shape the Biden administration's agenda to increase economic competition …
In a U-turn, the UK's CMA provisionally agrees to the $8B merger between Avast and NortonLifeLock, citing “significant competition” from McAfee and others
Avast shares rise more than 40% after CMA provisionally agrees $8bn merger with US rival
Due to concerns over cloud computing costs, some companies are shifting their data and ML models to on-premises servers and investing in hybrid infrastructure
A quick-service restaurant chain is running its AI models on machines inside its stores to localize delivery logistics. Tweets: @tariqkrim and @counternotions Tweets: @tariqkrim : Why AI and machine l...
Nansen: users spent ~$2.7B worth of ether to mint NFTs in H1 2022; 50.7% of the ETH raised stayed with the NFT projects and 45.7% went to non-entity wallets
Over 1 million unique wallet addresses were involved in the minting process, signaling that nonfungible token market activity remained strong. Source: Nansen .
AMD reports Q2 revenue up 70% YoY to $6.6B, vs $6.53B est., including Data Center segment sales up 83% YoY to $1.5B and Client segment sales up 25% YoY to $2.2B
CNBC : Source: Advanced Micro Devices, Inc. .
A CJEU ruling in a Lithuanian case involving the use of sensitive personal data could have implications for online services that use background tracking for ads
JUDGMENT OF THE COURT (Grand Chamber) 1 August 2022 (*) (Reference for a preliminary ruling … Tweets: Dr. Gabriela Zanfir-Fortuna / @gabrielazanfir : Very significant judgment today from the #CJEU Gra...
Internal memo: Zomato appoints four CEOs to lead each of its key business units Zomato, Blinkit, Hyperpure, and Feeding India and plans to rename itself Eternal
Saritha Rai / Bloomberg :
An interview with David Holz, Leap Motion co-founder and Midjourney founder, on creating the AI art generator, using Discord to build its community, and more
James Vincent / The Verge : Tweets: @daspetey , @jjvincent , and @jjvincent Tweets: Pete Mitchell / @daspetey : As the world struggles to understand AI and how it will affect creativity, tons of real...
Aisera, which is developing an AI-based customer service requests system, raised a $90M Series D led by Goldman Sachs and Thoma Bravo
Aisera Inc., an artificial intelligence-powered “service experience” startup that aims to enhance employee and customer experiences …
Apple's secrecy around its Services revenue, up 12% YoY in Q3 but down from a 25% average in the four previous quarters, shows why investors need more insight
Martin Peers / Bloomberg :
ABC Fitness Solutions, which makes software for gyms, plans to acquire Irish gym management service Glofox, source says for €200M+; Glofox has raised over €49M
Colin Gleeson / The Irish Times :
Uber partners with Berlin-based travel service Omio to test train and coach bookings via its app in the UK, using Omio's inventory across 1,000+ providers
Natasha Lomas / TechCrunch :
Equifax says it fixed a “technology coding issue” that sources say sent lenders faulty credit scores on millions of US consumers from mid-March to early April
and good ones Irina Ivanova / CBS News : Equifax issued wrong credit scores for “millions” of customers, report says Tweets: Jamie Righetti / @jamierighetti : credit scores are a scam and a form of ec...
PayPal reports Q2 revenue up 9% YoY to $6.8B, vs $6.78B est., a $341M net loss; stock up 11% on news of a $15B share buyback and Elliott Management's $2B stake
A US jury finds a former T-Mobile store owner guilty of hacking T-Mobile staff to access internal tools that he used to unlock customers' phones, raking in $25M
Michael Kan / PCMag : Source: U.S. Department of Justice .
Airbnb reports Q2 revenue up 58% YoY to $2.1B, vs $2.11B est., $379M net income, up from a loss of $68M YoY, and a $2B stock buyback program
Sofia Pitt / CNBC :
Dubai-based buy now, pay later startup Tabby raised $150M in debt from Atalaya Capital and Partners for Growth, bringing its total funding to $275M
Leen Al-Rashdan / Bloomberg :
EA reports Q1 revenue up 14% YoY to $1.77B, vs. $1.26B est., and net income up 52% YoY to $311M, vs. $101.6M est., but gives Q2 guidance below projections
Denny Jacob / Wall Street Journal :
Just Eat Takeaway reports H1 2022 revenue rose 7% YoY to €2.8B and a €3.5B impairment from Grubhub, which is still for sale; shares are down 60% in 2022
Toby Sterling / Reuters :
Sources: despite a November 2019 pledge to slow down, Masayoshi Son pushed SoftBank staff into investing $38B out of Vision Fund 2 across 180+ companies in 2021
Semiconductor maker Semtech Corp. plans to acquire Sierra Wireless in an all-cash deal, valuing the Canadian company at $1.2B including debt
Bloomberg :
Chicago-based market research service Tegus acquires Vancouver and NYC-based financial data and analytics startup Canalyst, sources say for CAD$400M to CAD$500M
Meagan Simpson / BetaKit :
LA-based MarqVision, which uses AI to monitor marketplaces for counterfeits, including of NFTs, raised a $20M Series A led by DST Global and Atinum Investment
Sources: Unity has sought investors to spin off its China unit, valued at $1B+ in the talks, to help it expand in the country, the world's biggest games market
Virginia-based RegScale, which provides continuous compliance automation tools to heavily regulated industries, has raised a $20M Series A led by SYN Ventures
Michaela Althouse / Technical.ly :
Shopify's new AI commerce stack
Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
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.