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Techmeme
May 23, 2022, 2:45 PM
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Top News

Bloomberg:
Sources: Broadcom is in talks to acquire VMware, which has a ~$40B market cap; the discussions are ongoing and there's no guarantee they will lead to a purchase  —  Broadcom Inc. is in talks to acquire cloud-computing company VMware Inc., according to people familiar with the matter …
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.
Natasha Lomas / TechCrunch:
UK's data protection watchdog fines Clearview AI ~£7.5M for violating privacy laws and orders the company to delete all info on UK citizens from its systems  —  The UK's data protection watchdog has confirmed a penalty for the controversial facial recognition company, Clearview AI …
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.
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.
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.
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 …
Spencer Soper / Bloomberg:
Sources: Amazon, which has too much warehouse capacity now that pandemic-era shopping has faded, is looking to sublet at least 10M square feet across the US  —  Amazon.com Inc., stuck with too much warehouse capacity now that the surge in pandemic-era shopping has faded …
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.
Eva Szalay / Financial Times:
BNP Paribas joins JPMorgan's blockchain-based Onyx Digital Assets network, which has facilitated $300B+ in intraday repurchase market deals since December 2020  —  BNP Paribas joins JPMorgan-powered platform that has traded more $300bn of intraday repo deals
Rita Liao / TechCrunch:
StepN, a Solana-based app that lets users earn tokens by walking and running, says it has 2M-3M MAUs and makes $3M-5M per day in net profit from trading fees  —  But skeptics question its sustainability and whether it can be called a ‘game’  —  Since its launch in December, StepN …

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This is a Techmeme archive page. It shows how the site appeared at 2:45 PM ET, May 23, 2022.

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From Mediagazer

Benjamin Mullin / New York Times:
Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

Pamela McClintock / The Hollywood Reporter:
Disney's Zootopia 2 surpasses $1B at the global box office, the fastest PG-rated film to do so after just 17 days in release

Sam Roberts / New York Times:
Arthur L. Carter, who started a Connecticut newspaper in 1981, bought and sold The Nation, and founded the New York Observer in 1987, has died at 93

More News

Damien Wilde / 9to5Google:
Xiaomi signs a long-term partnership with Leica and announces a jointly developed smartphone will launch in July 2022, likely with the Snapdragon 8 Plus Gen 1

Earlier Picks

Gavin Bonshor / AnandTech:
AMD announces Ryzen 7000 CPUs with up to 16 Zen 4 cores based on TSMC's 5nm process, plus PCIe 5 and DDR5 on the AM5 motherboard, coming in fall 2022
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