| Oversight Board: |
Facebook Oversight Board upholds Trump's suspension, but asks Facebook to review the decision within six months to determine a penalty consistent with its rules — The Board has upheld Facebook's decision on January 7, 2021, to restrict then-President Donald Trump's access to posting content on his Facebook page and Instagram account.| Margaret Sullivan / Washington Post: |
The Oversight Board's decision on Trump's Facebook ban failed to send a clear message that a powerful public official can't use Facebook to endanger the public — In more than 1,400 posts from Jan. 1, 2020 and Jan. 6, 2021, Donald Trump used Facebook to spread false information with devastating consequences for the country.| Makena Kelly / The Verge: |
| Danielle Partis / GamesIndustry.biz: |
Following the departure of Google Stadia's head of product John Justice, a further six employees have left Stadia to work at Haven Studios, founded by an ex-VP — Former Stadia general manager Sebastien Puel is a co-founder of Jade Raymond's new venture — A further six members of staff … | Shoshana Wodinsky / Gizmodo: |
Signal says Facebook shut down its ad account over an Instagram ad campaign that showed the user data Facebook used in targeting the ads — A series of Instagram ads run by the privacy-positive platform Signal got the messaging app booted from the former's ad platform, according to a blog post Signal published on Tuesday.| Brad Stone / Bloomberg: |
Jeff Bezos beat the National Enquirer by bypassing media and appealing directly to regular people, retaliating with the brutal efficiency used to build Amazon — When a gossip rag went after the CEO, he retaliated with the brutal, brilliant efficiency he used to build his business empire.| Queenie Wong / CNET: |
Facebook is rolling out Neighborhoods, which helps people get to know their neighbors and local community, in four US cities and Canada — Facebook is testing a new tool aimed at helping people get to know their neighbors and local communities, taking on social media app Nextdoor.| Jessica Bursztynsky / CNBC: |
Uber Q1: $2.9B revenue, below estimates, as net loss shrinks to $108M from $968M QoQ due to self-driving unit sale; delivery gross revenue up 166% YoY to $12.5B — - Uber reported first quarter results after-the-bell on Wednesday. — Overall, Uber's net loss was $108 million … | Sarah Perez / TechCrunch: |
Twitter says it is rolling out improved prompts that discourage “harmful” language, first to iOS and then Android, after studies showed prompts were effective — A year ago, Twitter began testing a feature that would prompt users to pause and reconsider before they replied to a tweet using … | Chance Miller / 9to5Mac: |
As Netflix prepped limited tests to drop Apple's IAPs, Apple told Netflix these tests would “limit co-marketing opportunities, including on-store featuring” — New internal emails and presentation documents revealed as part of the Epic vs. Apple show how Apple attempted … | Chance Miller / 9to5Mac: |
| Paul Vigna / Wall Street Journal: |
Crypto-focused financial services company Galaxy Digital acquires BitGo, which makes multi-signature cryptocurrency wallets, for $1.2B in cash and stock — Purchase coincides with a nearly yearlong rally in the sector, whose market value has surged to $2 trillion| Zack Whittaker / TechCrunch: |
Researcher details a Peloton API bug that let anyone access private account info, which initially went unpatched until a reporter contacted Peloton — But the company won't say if it has evidence of malicious exploitation. — Halfway through my Monday afternoon workout last week … | Joseph Cox / VICE: |
Email marketing schemes offering to pay for peoples' work credentials, which may be illegal, seem linked to Argyle, a startup backed by Bain Capital and others — Argyle says it provides access to employment and payroll history. Buying login details may fall afoul of U.S. hacking laws.| Bobby Allyn / NPR: |
US appeals court rules that Snap could be sued for a fatal car crash, involving its “speed filter”, saying Sec. 230 doesn't apply to the design of the app — Three young men got into a car in Walworth County, Wis., in May 2017. They were set on driving at rapid speeds down a long … | Mark Bergen / Bloomberg: |
Memo: Google relaxes WFH rules to let more staff work remotely, expecting 20% to be fully remote, 20% to move sites, 60% to return to offices a few days a week — Google is giving its employees more flexibility to work from different locations or entirely from home, taking a more lenient policy … | Taylor Lorenz / New York Times: |
Profile of MrBeast, the most subscribed YouTuber in the US, who took a bumpy road to fame through stunt philanthropy, as he branches out into other businesses — Jimmy Donaldson, 22, is out to become the Elon Musk of online creators. — Jimmy Donaldson, 22, a YouTube megastar better known as Mr. Beast … | Adam Janofsky / The Record: |
Study: 60% of 73 K-12 apps from 38 schools in 14 states across the US send student data to a variety of third parties, roughly 50% to Google and 14% to Facebook — The COVID-19 pandemic has pushed schools around the country to adopt and rely heavily on new technology.| Damien Wilde / 9to5Google: |
YouTube says Shorts, its TikTok rival, will roll out to all US-based creators next week, after testing in beta in March — YouTube is vigorously pushing Shorts with the TikTok short-form video competitor within the main platform now available and rolling out to all US-based creators.| M. Corey Goldman / TheStreet: |
Twilio reports Q1 revenue of $590M, up 62% YoY, vs. $533.4 est., with loss of $206.5M, up from $94.8M last year, and 235K active customer accounts, up 23.6% YoY — Twilio (TWLO) - Get Report on Thursday posted better-than-expected revenues and adjusted earnings on ongoing demand for its cloud-based software and related services.| Ron Miller / TechCrunch: |
Timescale, which develops the open source TimescaleDB time series database, raises $40M Series B led by Redpoint Ventures, bringing its total raised to ~$70M — Timescale, makers of the open source TimescaleDB time series database, announced a $40 million Series B financing round today.| Emily Bary / MarketWatch: |
PayPal beats with Q1 revenue of $6.03B, up 31% YoY, with record $285B in total payments volume, up 50% YoY, and added 14.5M new active accounts — Company increases full-year revenue, earnings forecasts — PayPal Holdings Inc. saw a record amount of volume flow through its platform … | Lucas Shaw / Bloomberg: |
Billboard says it will publish a ranking of the most popular songs in the US based on Twitter conversations; the chart will be updated daily — The ranking will be one of Billboard's first that doesn't measure how much people listen to music — Billboard, the king of music charts … | Nikkei Asia: |
Chinese chip companies are auditing their supply chains to replace US imports with domestic suppliers, in a quest for self-sufficiency following US sanctions — How Washington's sanctions boosted China's semiconductor sector — TAIPEI — Once a month, senior executives … | Alexander Osipovich / Wall Street Journal: |
Berkshire Hathaway's stock is growing past $421K+, a problem for stock exchanges like Nasdaq that use a 32-bit format for prices, with a limit of $429,496.7295 — Warren Buffett won't split shares, which are fast approaching Nasdaq's limit — Berkshire Hathaway Inc. is trading … | Sarah Perez / TechCrunch: |
Apple announces “Search tab campaigns” for App Store, a new ad unit that lets developers promote apps alongside the Suggested list of results — At the same time as it's cracking down on the advertising businesses run by rivals, Apple is introducing a new way for developers to advertise on the App Store.
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