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Techmeme
May 9, 2022, 6:30 PM
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Top News

Bloomberg:
Bitcoin falls 7%+ to under $32,000, its lowest level since July 2021, as investors flee riskier investments; Ethereum, Solana, Avalanche, and others also drop  —  Bitcoin extended losses, dropping below $31,000 for the first time since July 2021, putting its decline from a November record high …
Sam Kessler / CoinDesk:
CoinMarketCap: the UST stablecoin loses its USD peg, falling below $0.90, after the Luna Foundation Guard pledges $1.5B of its bitcoin reserves to defend UST
Anushree Dave / The Block:
Mark Zuckerberg says Meta will start letting some US creators test digital collectibles and NFTs on Instagram this week, and won't charge for sharing NFTs  —  Meta will start testing digital collectibles and NFTs on Instagram this week, according to chief executive Mark Zuckerberg.
Drew Harwell / Washington Post:
Clearview AI reaches a settlement with the ACLU by agreeing to stop selling or offering free access to its facial recognition database to most US businesses  —  The settlement marks one of the most significant court actions yet against a company known for downloading billions of people's photos …
CNBC:
Staff email: Uber CEO Dara Khosrowshahi says the company will slash marketing and incentive spending, treat hiring as a “privilege”, focus on profit, and more  —  - Uber will slash spending on marketing and incentives and treat hiring as a “privilege,” CEO Dara Khosrowshahi said in an email to staff on Sunday.
Margaret Harding McGill / Axios:
The White House says 20 ISPs, including Verizon, Comcast, and Charter, have agreed to offer 100 Mbps internet service for $30 per month to low-income families  —  The White House said Monday 20 internet service providers have agreed to offer $30 high-speed internet plans to low-income families …
Washington Post:
Researchers: Elon Musk, who vowed to defeat Twitter's “spam bots or die trying”, has long benefited from “fanbots” boosting Tesla shares and deriding critics  —  Mechanized accounts have sought to boost Tesla shares, deride critics and push the pending takeover of Twitter.
Ari Levy / CNBC:
Coinbase, Robinhood, UiPath, Marqeta, and Toast are down 65%+ from their IPO price, and over half of 53 tech companies that went public in 2021 are down 50%+  —  - After a banner year for tech IPOs in 2021, the most notable companies to go public are now suffering some of the biggest losses on the market.
More: CoinDesk
Yoko Kubota / Wall Street Journal:
Sources: as China restricts access due to COVID-19, Apple is giving local workers more authority as US staff monitors progress using live streaming and AR  —  Tech giant passes more authority to local workers, uses live streaming and augmented reality to ensure products made in China come out on time
Kevin Collier / NBC News:
Lincoln College is set to become the first US higher education institution to close in part due to a ransomware attack, which upset admissions in December 2021  —  Lincoln College is scheduled to close its doors Friday, becoming the first U.S. institution of higher learning to shut down in part due to a ransomware attack.
New York Times:
Tesla's stock is down 30%+ since Elon Musk disclosed his Twitter stake on April 4, as investors worry about his personal debt and Twitter becoming a distraction  —  The chief executive's debt load, his divided attention and Twitter's own challenges could all take a toll on his electric-car company.
Janko Roettgers / Protocol:
Despite Apple's AR push, mobile Safari's lack of support for web-based AR lags browser makers Google, Samsung, and Opera, which have supported WebXR for years  —  “AR is going to change the way we use technology forever.”  For the past five years, Tim Cook has used every possible opportunity …
More: 9to5Mac and AppleInsider
Tweets: @zeh, @mikarv, @protocol, @gocroquet, @glenngabe, and @jank0.  Thanks:@jank0

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:30 PM ET, May 9, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Reuters:
FIFA faces a broadcast crisis for the 2026 World Cup; a Reliance-Disney JV offered just $20M for India rights, and FIFA has yet to announce a China deal

Rebecca Davis O'Brien / New York Times:
Sources: the US EEOC is poised to sue the NYT over a white male employee's allegation that he was denied a sought-after promotion because of his race and gender

Seb Joseph / Digiday:
A look at Baller League, a six-a-side indoor soccer league of creator-managed teams streaming free on YouTube and Twitch and averaging 4M+ views on match day

More News

Kenrick Cai / Forbes:
New York-based Hugging Face, which is building an open-source library of machine learning models, raises a $100M Series C at a $2B valuation led by Lux Capital
Ax Sharma / BleepingComputer:
Costa Rica's president declares a state of emergency after the Conti ransomware group publishes 672GB of data that appears to belong to government agencies

Earlier Picks

Ina Fried / Axios:
If Roe v. Wade is overturned, any user location, search, and purchase data collected by tech companies could be used in abortion-related criminal prosecutions
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