Techmeme: Study: 80% of organizations that paid a ransom were hit by a second ransomware attack; 66% orgs cited revenue losses after the attack and 53% cited brand damage (VentureBeat)

Top News

Alex Kantrowitz / Big Technology:

The Platform Competition and Opportunity Act, which ends Big Tech acquisitions, could backfire in several ways, like discouraging startups' productive behavior — Congress wants to stop most Big Tech acquisitions. But that won't neccesarily increase competition. — 5 hr ago

More: New York Times, New York Times, and Vox

Tweets: @kantrowitz and @kantrowitz

Mishaal Rahman / XDA Developers:

APK teardown of new version of Google Play Services suggests that Google is working to build an Android device network like Apple's Find My — Because Apple tightly controls the iOS ecosystem, they're able to build a massive, crowdsourced network of devices that can help locate other devices.

Dade Hayes / Deadline:

Roku says from May 20 to June 3, more Roku viewers streamed a Roku Original than Quibi users who streamed Quibi shows during the nine months of Quibi's lifetime — Roku has revealed viewership data for its original programming, much of which was powered by the acquisition of Quibi's library last January.

More: mobilesyrup.com, Roku, Variety, The Streamable, New York Post, and GameSpot

Tweets: @caseynewton, @epro, @richlightshed, and @backlon

See also Mediagazer

Sami Fathi / MacRumors:

YouTube says it is rolling out picture-in-picture support for YouTube Premium users on iOS and plans to launch the feature for all iOS users in the US — After a long wait, YouTube for iOS is officially gaining picture-in-picture support, allowing all users, non-premium and premium subscribers …

More: The Verge, Engadget, 9to5Google, AppleInsider, Neowin, iPhone in Canada Blog, iClarified, and AppleTrack

Tweets: @samifathi_ and @steipete

Mercury News:

California launches a digital vaccination record built using the open-source SMART Health Card Framework, with a QR code to show COVID-19 vaccine record — Vaccinated Californians now have a new way to show they are inoculated against the coronavirus without carrying around a flimsy paper card.

More: Reuters and SlashGear

Tweets: @rklau and @sundeep

Foo Yun Chee / Reuters:

Sources: EU antitrust regulators plan to open a formal investigation into Google's digital advertising business before the end of the year — EU antitrust regulators are set to open another front against Alphabet (GOOGL.O) unit Google by launching a formal investigation …

More: PYMNTS.com, The Economic Times, and New York Post

Amanda Silberling / TechCrunch:

Spotify has acquired Podz, a podcast discovery startup whose tech helps podcasters promote their show using ML to select 60-second clips of key moments — Podcasts are all the rage, but podcast discovery is a challenge. Today, Spotify announced its acquisition of Podz …

More: Spotify, Engadget, 9to5Mac, mobilesyrup.com, Trusted Reviews, Pocketnow, Tubefilter, TechSpot, iPhone in Canada Blog, Variety, Silicon Republic, The Verge, iMore, and AppleInsider

Tweets: @jangles, @tprstly, @rasmuszwickson, @eyevariety, and @producthunt

See also Mediagazer

Sam Byford / The Verge:

OnePlus CEO Pete Lau says OnePlus and Oppo will have more integrations moving forward, further hinting at a possible merger — OnePlus says it will ‘further integrate’ its business with Oppo. But what does that really mean? — OnePlus CEO Pete Lau has announced a “new journey” …

Bert Hubert's writings:

European companies' reluctance to offer free software and services has resulted in the region being over-dependent on US and others for communication platforms — Europe's communication needs are currently almost exclusively delivered by Chinese hardware that connects us to US-based platforms.

Tweets: @chrisnahr and @nickdothutton

Hannah Murphy / Financial Times:

Ukrainian police arrest members of ransomware gang Clop, the first time that a national law enforcement agency has carried out mass arrests of such a gang — Arrests of Cl0p hacker group members adds to pressure on other countries to follow suit — Ukrainian police have arrested members …

Jonathan Vanian / Fortune:

Fiddler AI, which makes tools to help engineers monitor machine learning systems, raises $32M Series B led by Insight Partners — Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. — Investors are betting that a former Facebook engineer …

More: PR Newswire and SiliconANGLE

Tweets: @fiddlerlabs and @bznotes

Andrew Asmakov / Decrypt:

Two major Chinese banks now allow customers to exchange digital yuan for cash at 3,000+ ATMs in Beijing, in an expansion of China's digital currency experiment — Two major Chinese banks now allow customers to exchange the country's new central bank digital currency (CBDC) …

More: Cointelegraph, Crypto Briefing, Coinspeaker, Forkast, Bitcoin News, CoinDesk, and The Block. Tweets: @johnkoetsier

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