Techmeme
May 12, 2022, 7:30 AM

Top News

Joanna Ossinger / Bloomberg:
After UST's collapse, most rival algorithmic stablecoins are below the dollar peg; Tether and USDC, the two largest, are mostly holding their dollar peg  —  Stablecoins besides TerraUSD are failing to live up to their billing as the collapse of the algorithmic token has investors pondering …
Andrew Rummer / The Block:
Tether, the largest stablecoin, briefly drops to a 24-hour low of $0.96; Finance USD and USDC are trading at $1.08 and $1.09, respectively  —  Quick Take  — Tether dropped below $0.96 on Thursday morning.  — The stablecoin is designed to keep a constant peg with the dollar.
CoinDesk:
Ryan Browne / CNBC:
Kyle Bradshaw / 9to5Google:
Google updates Maps with an “immersive view”, which combines Street View and aerial shots, for select cities, and will let third-party apps use Live View's AR  —  At Google I/O 2022, the company unveiled improvements for Google Maps including a new “immersive view” …
Damien Wilde / 9to5Google:
Sarah Perez / TechCrunch:
Financial Times:
Brian Armstrong says there's “no risk of bankruptcy” after Coinbase said in its filing that its users might lose all their crypto if the exchange goes bankrupt  —  Shares in crypto exchange fall 23% after bleak results and new risk disclosure  —  Shares in cryptocurrency exchange …
Adi Robertson / The Verge:
A US appeals court rules 2-1 to let Texas enforce a social media law stopping Twitter, Facebook, and other services with 50M+ users from moderating content  —  A judge blocked a similar law in Florida on First Amendment grounds  —  The controversial Texas social media law HB 20 …
Ben Schoon / 9to5Google:
Crystal Tse / Bloomberg:
Sources: Instacart confidentially filed documents for an IPO, which could happen as soon as 2022, though the timing could slip or the startup could stay private  —  Instacart Inc., the grocery delivery platform, has confidentially filed documents for an initial public offering, according to people with knowledge of the matter.
Damien Wilde / 9to5Google:
Google unveils the $449 Pixel 6a, with its Tensor chip, 6.1" OLED screen, in-display fingerprint sensor, 12.2MP wide and 12MP ultra-wide rear cameras, and more  —  During the annual I/O Developer conference Google has officially launched the affordably-focused Pixel 6a which acts …
Jay Peters / The Verge:
After mocking Apple for removing the iPhone headphone jack in an August 2021 ad for the Pixel 5a, Google quietly removes the headphone jack on the Pixel 6a  —  The Pixel 6A offers a lot of good features, but not a headphone jack  —  Google just revealed the Pixel 6A at Google I/O on Wednesday …
Brian Heater / TechCrunch:
Google plans to launch an Android-based Pixel Tablet in 2023, with speakers and a rear camera, after killing its Chrome OS-based Pixel Slate in February 2021  —  Offering a sneak preview of the Pixel 7 wasn't enough, so Google's really leaning in.  Today at I/O, the company announced …
Abner Li / 9to5Google:
Google unveils the Pixel Watch with a round glass cover that curves all the way to the metal sides, Fitbit integration, and a clickable crown, coming this fall  —  At I/O 2022, Google finally confirmed that it's making the Pixel Watch.  That said, we only got a teaser as it's not coming until later this year.
Jay Peters / The Verge:
Twitter launches Data Dash, a browser game intended to help explain some of its privacy settings, as part of a bigger push around its rewritten privacy policy  —  Avoid ads and trolls in Twitter Data Dash  —  Twitter released a new browser game on Wednesday that's intended to help explain some of its privacy settings.
Sam Nussey / Reuters:
SoftBank reports a $26.2B full year loss for its Vision Fund unit, leading the group to a $13.15B annual net loss, as stocks decline and inflation rises  —  SoftBank Group Corp (9984.T) reported on Thursday a record loss of $26.2 billion at its Vision Fund unit as the tech conglomerate's portfolio …

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Earlier Picks

Alex Weprin / The Hollywood Reporter:
Brian Heater / TechCrunch:
Makena Kelly / The Verge:
Stephen Shankland / CNET:
Sara Fischer / Axios:
Sami Fathi / MacRumors: