Techmeme
May 16, 2022, 1:35 PM

Top News

CoinDesk:
Luna Foundation Guard says the company depleted its bitcoin reserves from ~80K to 313 and plans to use its remaining assets to compensate UST users  —  The announcement comes after criticism of the Luna Foundation Guard's “lack of transparency.”  —  The Luna Foundation Guard (LFG) …
Hannah Miller / Bloomberg:
Joshua Oliver / Financial Times:
FTX CEO Sam Bankman-Fried says bitcoin has no future as a payments network because of its inefficiency and high environmental costs  —  Bankman-Fried criticises biggest digital asset over inefficiency and high environmental costs  —  Bitcoin has no future as a payments network …
Parag Agrawal / @paraga:
Rand Fishkin / SparkToro:
Analysis of 44,058 public Twitter accounts that have tweeted in the last 90 days and could resemble mDAUs shows 19.42% are likely spam or fake  —  TL;DR - From May 13-15, 2022, SparkToro and Followerwonk conducted a rigorous, joint analysis of 44,058 public Twitter accounts active in the last 90 days.
Sarah Perez / TechCrunch:
Apple Podcasts gains storage clean-up tools, annual subscriptions support, and, coming this fall, a way for creators to upload podcasts from 3rd-party providers  —  As the battle for podcaster talent and distribution heats up among providers, Apple this morning announced the launch of several …
Oli Welsh / Polygon:
Sony reveals the games lineup for PS Plus, launching in Asia on May 24, Japan on June 2, Americas on June 13, and Europe, Australia, and New Zealand on June 23  —  PS2 emulation appears to be missing from disappointing offering of classic games  —  Sony has announced the initial lineup …
New York Times:
Live broadcasts and shared videos of mass shootings again raise questions about social networks' responsibilities in curbing violent and hateful content  —  Gunmen say they are influenced by online screeds and broadcasts of past shootings.  Do social media sites have a responsibility to rein in hateful and violent content?
Kellen Browning / New York Times:
Jessica Bursztynsky / CNBC:
DWAC SEC filing details Donald Trump's commitments to Truth Social, including posting there first and waiting six hours before posting to Twitter or elsewhere  —  - Donald Trump plans to partially restrict himself on social media like Twitter, according to an SEC filing from the blank check company taking the former president's public.
Quartz:
MiamiCoin is down ~95% from its peak value in Sept., after the city of Miami promoted it to residents and made millions of dollars from a deal with CityCoins  —  On Feb. 2, the city of Miami cashed out its cryptocurrency MiamiCoin for the first time, depositing $5.25 million into city coffers.
Ryan Weeks / The Block:
Elwood Technologies, a crypto-focused market access and trading service for institutional investors, raises a $70M Series A led by Goldman and Dawn Capital  —  Quick Take  — Goldman Sachs, Barclays and CommerzVentures invested in the Series A round alongside venture capital firms.
Stuart Dredge / Music Ally:
Spotify confirms it is running a test that lets select artists use NFTs on their profiles  —  Artists can already promote merch and tickets on their Spotify profiles.  Now the streaming service is testing a feature that will let them also promote their NFTs.

Sponsor Posts

Subquadratic:
Subquadratic: the LLM built for 12M-token reasoning  —  SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds.  Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Cloudflare:
Cloudflare Connect 2026: The Agentic Conference  —  Stop preparing for agents.  Start running them.  100+ sessions, workshops, and speakers from OpenAI, Arm, and Cloudflare across AI, security, and performance.
Zoho:
Pro Tips: 4 tips to overcome data problems in your CRM  —  Most CRM data problems don't look like problems.  At a glance, your CRM looks fine: records exist, fields are filled, and reports run.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Lenny's Podcast:
The grief, loneliness, and burnout sweeping through the tech industry right now | Molly Graham
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
Meta's Muse Revival, Frontier AI Under Threat, The Rise Of Dopamine Sites
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Sources:
Satya Nadella on Microsoft's agent bet and AI's trust problem
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
Subscribe to Sources.
Channels with Peter Kafka:
Meta's New $1300 Glasses and the Fight to Control AI
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Great Chat:
Doomers at Dreamforce
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
Invest Like the Best:
Gabe Stengel - Building Investing Superintelligence
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:35 PM ET, May 16, 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.

More News

Earlier Picks

Elaine Moore / Financial Times: