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May 23, 2022, 6:45 PM
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| The Information: |
Sources: Coinbase is testing an app from Ray Dalio's company Principles that lets staff rate each other on how well they exemplify Coinbase's 10 cultural tenets — Coinbase, a cryptocurrency trading firm that garnered attention for banning salary negotiations and political speech among employees …
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Slashdot. Tweets: @caseynewton, @pardesoteric, @amir, @ericjduran, @loudmouthjulia, @jessgartner, @silvermanjacob, @rmac18, @chainyoda, @thevunderkind, @counternotions, @yoda, @yoda, @jesseltaylor, @theinformation, @aidanfitzryan, @dataandpolitics, @matousekmark, @nbashaw, @emmavj, @mattdpearce, @joshuaogundu, @caseynewton, @caseynewton, @jessicalessin, and @carnage4life
| New York Times: |
A look at efforts by 50+ countries to control the data produced by their citizens, governments, and businesses, driven by privacy concerns, economics, and more — Nations are accelerating efforts to control data produced within their perimeters, disrupting the flow of what has become a kind of digital currency.
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Fortune. Tweets: @wbm312, @nytimes, @imeluny, @satariano, @vickerysec, @davidheniguk, @pt, @dmccabe, @itifdc, @ulyssespascal, @profcarroll, and @davidheniguk
| Matt Burgess / Wired: |
As GDPR turns four, despite some positives, regulators struggle to keep up with complaints, the ad industry remains littered with potential abuses, and more — The world-leading data law changed how companies work. But four years on, there's a lag on cleaning up Big Tech.| Natasha Lomas / TechCrunch: |
The UK's data protection watchdog fines Clearview AI £7.5M+ for violating privacy laws and orders the company to delete UK citizen information from its systems — The UK's data protection watchdog has confirmed a penalty for the controversial facial recognition company, Clearview AI …
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The Verge, BBC, The Guardian, Sky News, Protocol, HotHardware.com News, Engadget, ico-newsroom.prgloo.com, PetaPixel, CNET, CNBC, The Independent, The Register, Agence France-Presse, SecurityWeek, Gizmodo, City A.M., TechSpot, and Forbes
Tweets: @kevinkeller and @justinhendrix
| Mike Isaac / New York Times: |
Meta plans to give outside researchers more info on political ad targeting on Facebook and Instagram and to update Ad Library with more info starting in July — Academics and journalists will be able to see more data about the way political ads are used to target users across Facebook and Instagram.
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Meta, Associated Press, The Hill, Engadget, CNN, Social Media Today, Bloomberg, Gizmodo, The Economic Times, and Protocol
Tweets: @justinhendrix, @whotargetsme, @andymstone, @markscott82, @nytimes, @jason_kint, @markscott82, @nytimestech, @ianclucas, @blackamazon, and @ianclucas
| CNBC: |
Snap CEO warns employees the company will miss its Q2 revenue and earnings targets as its growth weakens, and plans to slow hiring; stock drops 29%+ after hours — - Snap will miss its own targets for revenue and adjusted earnings in the current quarter, CEO Evan Speigel warned on Monday in a note to employees.
More:
Axios, The Verge, Insider, and US SEC
Tweets: @alexeheath, @alexeheath, @teroterotero, @pkedrosky, and @modestproposal1
| Mimi Billing / Sifted: |
Klarna tells employees it plans to lay off 10% of its workforce, after reports of raising money at a reduced $30B valuation; LinkedIn shows it has 6,500+ staff — Last week, the Wall Street Journal reported that Klarna was seeking a new round of investment that could see its valuation brought down by a third, from $46bn to $30bn.
More:
The Verge, TechCrunch, PYMNTS.com, Klarna, Silicon Valley Business …, Protocol, Input, CNBC, The Block, Finextra, and Financial Times
Tweets: @siftedeu, @iatalkspace, and @amyrlewin
| Patrick Klepek / VICE: |
The QA team at Activision Blizzard's Raven Software votes 19-3 to unionize, as US labor board prosecutors determined the company “illegally threatened staff” — A huge event in the crunch-prone video game industry, which has long resisted organized labor. — Patrick Klepek
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The Verge, Washington Post, The Guardian, Windows Central, New York Times, Protocol, Bloomberg, Kotaku, Game Developer, TechCrunch, Engadget, Stevivor, Dexerto, PC Gamer, IGN, Destructoid, Polygon, Dot Esports, Digital Trends, and Wccftech
Tweets: @greenhousenyt, @josheidelson, @bigblackjacobin, @stevenstrom, and @acarboni
| Riley de León / CNBC: |
eBay partners with NFT startup OneOf to launch 13 digital collectibles featuring Wayne Gretzky, and plans more sports NFTs throughout 2022, starting at $10 each — - eBay is getting into NFTs — and hockey legend Wayne Gretzky is featured in the first collection from the e-commerce company.
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PR Newswire, Blockworks, TechCrunch, PYMNTS.com, Sidechain's Newsletter, Cryptopolitan, and CoinJournal
| Issie Lapowsky / Protocol: |
The 11th Circuit federal court upholds blocking Florida's social media “censorship” law to protect First Amendment rights, as SCOTUS weighs Texas' similar law — As the Supreme Court weighs whether to block Texas' social media “censorship” law, a court of appeals has decided …
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Ars Technica, The Hill, The Verge, The Register, Input, Techdirt, Deadline, and Fast Company
Tweets: @cat_zakrzewski, @b_fung, @aricohn, @b_fung, @b_fung, @aricohn, @aricohn, @b_fung, @aricohn, @wexler, @issielapowsky, @b_fung, @davidgreene, and @cat_zakrzewski
| Tripp Mickle / New York Times: |
Meta, Apple, Amazon, Microsoft, and Google are positioned to emerge stronger from this downturn; Refinitiv: from 2008 to 2010, the companies acquired 100+ firms — Flush with cash, Facebook, Apple, Amazon, Microsoft and Google are positioned to emerge from a downturn stronger and more powerful.
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AppleInsider, MacDailyNews, 9to5Mac, Computerworld, NEWS.am, and Reuters
| Financial Times: |
On April 6, weeks before UST collapsed, Binance promoted the stablecoin on Telegram as a “High Yield, Safe & Happy Earn” investment with an annual 19.63% yield — World's biggest crypto exchange marketed stablecoin lending scheme offering nearly 20% yield
More:
Protos, Cryptonews, and TradingBTC.com
Tweets: @frank_giustra, @katie_martin_fx, and @muradahmed
| Wall Street Journal: |
Sources: Broadcom is in talks to pay ~$140 per share, or about $60B, for VMware, and the companies are aiming to announce the cash-and-stock deal on Thursday — The two companies are aiming to announce the cash-and-stock deal Thursday — Broadcom Inc. AVGO -3.10%▼ … | Deirdre Bosa / CNBC: |
Sources: Airbnb plans to remove all mainland China listings for homes and experiences by this summer, but will keep a Beijing office focusing on outbound travel — - All mainland Chinese listings — homes and experiences — will be taken down by this summer, but Airbnb will continue to maintain …
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Financial Times, PYMNTS.com, Engadget, Benzinga, and Axios
| CNBC: |
Zoom reports Q1 revenue of $1.07B, up 12% YoY, vs. $1.07B est., ~199K Enterprise customers, up 24% YoY, and raises forecasted Q2 and full fiscal year earnings — - Zoom narrowly beat on the top line but sailed past estimates for earnings while also giving a better-than-expected outlook for the second quarter.| Wall Street Journal: |
Chat logs: Twitter employees are bewildered about what their jobs are and will be after Elon Musk takes over; VP Jay Sullivan expects a “chaos tax” to continue — Deal has left employees bewildered about what their jobs are and will be — In one 24-hour period this month …
Tweets: @rupasubramanya, @saraheneedleman, and @saraheneedleman
| Sarah Perez / TechCrunch: |
TikTok plans to roll out Live subscriptions, to let creators generate recurring revenue via payments from their top fans, in beta on May 26 with select creators — TikTok is ramping up its competition with Twitch, YouTube, and others with this week's launch of TikTok LIVE subscriptions …
More:
The Verge and Social Media Today
| TechCrunch: |
Sources: MainStreet, which helps SMBs find tax credits, is raising at a $200M valuation, down from $500M in March 2021, weeks after laying off ~30% of its staff — Weeks after laying off about 30% of its staff, MainStreet is said to be raising another round of funding at a $200 million valuation, sources tell TechCrunch.Sponsor Posts
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