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June 3, 2022, 3:30 PM
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| Kyle Wiggers / TechCrunch: |
Amazon says Dave Clark, CEO of its Worldwide Consumer division, will step down after 23 years with the company; his last day in the office will be July 1, 2022 — Amazon today announced that Dave Clark, CEO of the company's worldwide consumer division, will step down after 23 years in the position.
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About Amazon, CNN, New York Times, Washington Post, PYMNTS.com, GeekWire, The Verge, CNBC, and Variety
| Emma Fletcher / Federal Trade Commission: |
More than 46,000 people have reported losing $1B+ to crypto scams from January 1, 2021 through March 31, 2022, about 25% of all losses reported to the FTC — From Super Bowl ads to Bitcoin ATMs, cryptocurrency seems to be everywhere lately. Although it's yet to become a mainstream payment method …
More:
CyberScoop, BleepingComputer, Web3 is going just great, CNET, Vox, Washington Post, Protocol, CoinDesk, Axios, CNBC, and Reuters
Tweets: @web3isgreat, @web3isgreat, @paulblu, @dangillmor, @yoda, @tonyajoriley, @jeffdanherrera, @silvermanjacob, @ftc, @mattbruenig, @edroso, @tonyromm, @josephmiller3, and @daviduberti
| CoinDesk: |
The New York State Senate passes a bill to ban crypto mining powered by carbon-based sources for two years; the governor now needs to sign the bill or veto it — The state Assembly had already passed the bill, which would bar new mining operations powered by carbon-based energy sources for two years.| Russell Brandom / The Verge: |
The New York State Assembly passes the first right-to-repair bill in the US covering electronics; Governor Kathy Hochul is expected to sign the measure — ‘Repairs should become less expensive and more comprehensive’ because of the new measure, says iFixit
More:
VICE, The Block, NY State Senate, and iFixit News
Tweets: @patriciafahy109, @ifixit, @jason_koebler, @nproctor, and @karlbode
| Washington Post: |
A House and Senate bipartisan data privacy bill would let users opt out of targeted ads and sue internet companies that improperly sell their data, and more — Considered a step forward, the proposal still doesn't have support of some key members — A bipartisan group of legislators …
More:
Axios, Commerce.Senate.gov, and Politico
| Sarah Perez / TechCrunch: |
Sensor Tower: an iOS app needs 156K daily installs to top the US App Store, up from 114K in 2019; an Android app needs 56K to top Google Play, down from 83K — A new analysis indicates it's gotten harder to get an app to the top of the App Store, in terms of downloads, over the past several years.
More:
Sensor Tower, AppleInsider, Livemint, TechSpot, 9to5Mac, iPhone in Canada Blog, The Economic Times, and Fossbytes
| Wall Street Journal: |
Sources: Sandberg left Meta feeling burned out and amid an internal probe into her activities, including using corporate resources to plan her wedding — One of the world's most powerful executives became increasingly burned out and disconnected from the mega-business she was instrumental in building.
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Vox, New York Post, CNBC, New York Times, Wired, Angeline's Thoughts, Newslit Daily, Gizmodo, Financial Times, Marketing Dive, Newser, and Deadline
Tweets: @gibsonradio, @shakirasecurity, @ebboyd, @caseynewton, @ebboyd, @robtornoe, @jotrader4, @donie, @emmalbriant, @jason_kint, @jason_kint, @pinskia, @annbordetsky, @caseynewton, @rhcm123, @rhcm123, @caseynewton, @ecmclaughlin, @ebboyd, @schrep, @jason_kint, @dseetharaman, @emilyglazer, @anthony, @donie, and @dseetharaman
| Jim Hagerty / USA Today: |
In April, Google settled an Illinois lawsuit accusing it of violating the Biometric Information Privacy Act with its Photos face regrouping tool, for $100M — ROCKFORD, Ill. — Illinois residents are eligible to receive part of a $100 million class-action settlement after Google was accused of violating privacy laws in the state.
Tweets: @carnage4life and @adam_k_levin
| Taylor Lorenz / Washington Post: |
Creators who focused on the Johnny Depp vs. Amber Heard trial made thousands of dollars through platform incentives, influencing public opinion in the process — Influencers discovered there's money and clout to be made in covering breaking news — When the verdict came …
More:
Links I Would Gchat …. Tweets: @taylorlorenz, @hshaban, @noupside, @taylorlorenz, @kateliljalohnes, @elite_gz, @ericmgarcia, @dangillmor, @josephfcox, @clancynewyork, @drsarteschi, @katzonearth, @shallowbrigade, @xpatriciah, @brosandprose, @hshaban, @cwarzel, @glynnmacn, @glynnmacn, @hshaban, @lexmechanic, @skateintraffic, @sulliview, @danblock4, @thenamesq, @carnage4life, @summer_delaney, @markgottlieb, @amyargetsinger, @taylorlorenz, @hoeglaw, and @walldo
| Alex Kantrowitz / Big Technology: |
Dall-E 2 created 3M images since April and OpenAI is adding up to 1,000 users per week, applying a content policy to try to avoid sensitive or biased images — Dall-E can illustrate just about anything using a short text prompt. Should it? — Dall-E's power becomes evident within the first minute of seeing it.
Tweets: @martinsfp and @cebsilver
| Insider: |
Sources: Facebook is developing a “basic ads” product that uses metrics like engagement and video views instead of using anonymized personal info from users — - Meta's Facebook is early in developing a “basic ads” product as privacy changes limit its targeting abilities.
More:
Search Engine Journal. Tweets: @kitten_mouse, @stevemullis, @garjoh_canuck, @digitalshields, and @laurenjohnson
| Edward Ongweso Jr / VICE: |
Masayoshi Son failed to use SoftBank's Vision Fund to build a society mediated by AI, as he invested in firms that leverage exploitative, not explorative, tech — Masayoshi Son used SoftBank and its $100 billion Vision Fund to remake the world in its image. It's not a pleasant picture.Sponsor Posts
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| Nikhilesh De / CoinDesk: |
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