| Hannah Murphy / Financial Times: |
Sources: Meta has drawn up plans to add “social tokens”, lending services, and a non-blockchain virtual currency that employees dubbed “Zuck Bucks” to its apps — Meta has drawn up plans to introduce virtual coins, tokens and lending services to its apps … | Wall Street Journal: |
Google Play removes dozens of Android apps, including Muslim prayer apps with 10M+ downloads, after researchers find malware tied to a US defense contractor — Code placed in consumer-facing apps is tied to U.S. national-security contractors, documents show| Wall Street Journal: |
Sources: online fast fashion retailer Shein raised between $1B and $2B in a round closed last week, valuing it at $100B; Shein was valued at ~$15B in 2020 — China-based fast-fashion seller now worth more than H&M and Zara combined — Fast-fashion retailer Shein was valued at $100 billion … | Zack Whittaker / TechCrunch: |
In a court-authorized March operation, the FBI cut off the servers of the Cyclops Blink botnet, tied to Russia's Sandworm, from Asus and WatchGuard routers — The Federal Bureau of Investigation has disclosed it carried out an operation in March to target a massive botnet controlled by Russian intelligence.| Adi Robertson / The Verge: |
OpenAI releases DALL-E 2, a higher-resolution and lower-latency version of its text-to-image generation program with new capabilities, to researchers in preview — Researchers can sign up to preview it — Artificial intelligence research group OpenAI has created a new version of DALL-E, its text-to-image generation program.| Ingrid Lunden / TechCrunch: |
Nord Security, the Lithuania-based startup behind NordVPN, raises $100M, its first ever funding, at a $1.6B valuation led by Novator Ventures — VPN usage has surged in the last several years, with growing concerns over data privacy and security — and sometimes completely different motivations … | Matt Burgess / Wired: |
New data-sharing proposals in Europe push for the expansion of facial recognition and to allow police forces across the EU to link their photo databases — Lawmakers advance proposals to let police forces across the EU link their photo databases—which include millions of pictures of people's faces.| Jay Peters / The Verge: |
Meta won't hold its F8 developer conference in 2022, instead holding Conversations, a “business messaging event” on May 19, and an AR/VR event “later this year” — Meta is pausing the event in 2022 — Meta won't be holding its F8 developer conference in 2022, the company announced Wednesday.| Nikhilesh De / CoinDesk: |
Senator Patrick Toomey introduces a bill to regulate stablecoins, including defining a “payment stablecoin”, creating a license for issuers, and more — The Stablecoin TRUST Act would give stablecoin issuers a variety of regulatory regimes to abide by, but enforce disclosure and redemption requirements.| Casey Newton / Platformer: |
Twitter CEO Parag Agrawal may struggle to balance his own vision against that of Elon Musk, an unpredictable board member with a much louder megaphone — Task #1: undermine CEO, consolidate power — Today, let's talk about what Elon Musk means for the future of Twitter.| Jillian Ward / Bloomberg: |
| Wall Street Journal: |
Sources: the SEC is investigating how Amazon disclosed its use of third-party seller data for its business; source: the probe has been under way for over a year — Tech giant's use of third-party sellers' data is a focus of regulator's probe, a person familiar with the matter says| Wall Street Journal: |
Sources: banks including JPMorgan, Bank of America, and Wells Fargo are considering whether to use Zelle as a payment option to compete with Visa and Mastercard — The money-transfer service boomed amid pandemic. Some banks want to expand it to retail payments.| Coco Liu / Bloomberg: |
JD's Richard Liu steps down as CEO, joining other Chinese tech tycoons who have exited top roles amid China's tech crackdown; President Xu Lei will take over — JD.com Inc.'s billionaire founder Richard Liu has stepped down as chief executive officer of China's No. 2 online retailer … | Sarah Perez / TechCrunch: |
Google plans to hide and block Play Store apps that don't target an Android API within two years of the latest major Android release, starting on November 1 — Google is preparing to clear its Play Store of outdated apps. The company warned Android app developers that starting on November 1 … | Song Jung-a / Financial Times: |
Samsung expects highest Q1 operating profit of $11.6B since 2018, up 50% YoY, and revenue of $63B, up 18% YoY on strong smartphone and microchip sales — South Korean electronics group's strong sales undercut by performance concerns against rivals Apple and TSMC| Rebecca Bellan / TechCrunch: |
SmartHop, which makes an AI-powered smart dispatch service for interstate truckers, raises a $30M Series B led by Sozo Ventures — SmartHop, a startup that uses AI to help interstate truckers make their routes more efficient and lucrative by removing administrative headaches … | Washington Post: |
Apple restores the “Smart Voting” app run by Kremlin critic Alexei Navalny's supporters in Russia; Apple removed the app after the Kremlin threatened its execs — Apple has resumed allowing Russians to download an app run by supporters of jailed Kremlin critic Alexei Navalny … | Rebecca Torrence / Fierce Healthcare: |
IntelyCare, whose app matches nurses with open shifts at post-acute care settings, raises a $115M Series C at a $1.1B valuation led by Janus Henderson Investors — Nurse staffing platform IntelyCare is now valued at $1.1 billion after landing $115 million in series C funding.| Jonathan Stempel / Reuters: |
Berkshire Hathaway discloses that it has purchased ~121M shares of HP Inc for a 11.4% stake worth $4.2B based on HP's closing stock price on Wednesday of $34.91 — Berkshire Hathaway Inc (BRKa.N) disclosed on Wednesday that it has purchased nearly 121 million shares of HP Inc (HPQ.N) … | Andrew Hayward / Decrypt: |
OpenSea adds Solana NFT trading support in beta; a marketplace search shows 865K NFTs minted on Solana — At long last, Solana support is finally live on OpenSea—in beta mode. — In brief — Solana NFTs have been added to OpenSea, the largest overall NFT marketplace.| Aisha Malik / TechCrunch: |
Amazon will increase its Music Unlimited plan on Prime from $7.99/month to $8.99/month and its Single Device plan from $3.99/month to $4.99/month on May 5 — Amazon is increasing the price of its Unlimited Music subscription for Prime members, the company announced on its website.| Foreign Affairs: |
Russia's cyberattacks on government, military, logistics, and critical infrastructure have been its biggest military success to date in the war in Ukraine — After Russia invaded Ukraine, many observers initially expected cyberattacks to steal the limelight as a major instrument in Russia's arsenal.| Audrey An / The Keyword: |
Google will roll out Privacy Guide, a guided tour of privacy and security settings in Chrome, to all desktop users on version 100 or above in the coming weeks — Product Manager, Chrome at Google Safety Engineering Center Munich — Your browser plays a big role in your online experience — including protecting your privacy.| Vishal Chawla / The Block: |
Sky Mavis, which runs Axie Infinity, raises $150M led by Binance, with participation from Animoca, a16z, and others, to reimburse users after the Ronin hack — Sky Mavis, the creator of play-to-earn game Axie Infinity, has raised $150 million to reimburse its users who lost funds during … | David Uberti / Wall Street Journal: |
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| Crystal Kim / Bloomberg: |