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June 3, 2022, 3:00 PM
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memeorandum
WeSmirchTop News
| 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.
More:
About Amazon, New York Times, Washington Post, PYMNTS.com, The Economic Times, 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, Protocol, CoinDesk, and Reuters
Tweets: @web3isgreat, @dangillmor, @yoda, @tonyajoriley, @jeffdanherrera, @edroso, @josephmiller3, @silvermanjacob, @ftc, @mattbruenig, @tonyromm, and @daviduberti
| 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, Politico, and Slashdot
| 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.
More:
CNBC, The Verge, The Block, VICE, SiliconANGLE, The Verge, NY State Senate, Engadget, Benzinga, Newser, Forbes, Bitcoin News, crypto.news, Cointelegraph, Finextra, Crypto Adventure, Micky, ZyCrypto, Decrypt, Coinspeaker, Bloomberg, and The Economic Times
| 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, Deadline, CNN, Politico, and Bloomberg
Tweets: @gibsonradio, @shakirasecurity, @ebboyd, @caseynewton, @jason_kint, @ebboyd, @robtornoe, @jotrader4, @donie, @emmalbriant, @jason_kint, @jason_kint, @pinskia, @annbordetsky, @caseynewton, @rhcm123, @rhcm123, @caseynewton, @ecmclaughlin, @ebboyd, @schrep, @dseetharaman, @emilyglazer, @anthony, @donie, and @dseetharaman
| 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, 9to5Mac, iPhone in Canada Blog, The Economic Times, and Fossbytes
| 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 … and Input
Tweets: @taylorlorenz, @hshaban, @noupside, @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
| 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
| 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
| Anushree Dave / The Block: |
Coinbase extends its hiring freeze “for as long as this macro environment requires” and will “rescind a number of accepted offers”, updating new hires by email — Coinbase is rescinding some accepted job offers and extending an existing pause on hiring new candidates …
More:
The Coinbase Blog, LinkedIn, CoinDesk, CoinDesk, Engadget, Blockworks, Amy Castor, Gizmodo, Insider, TechCrunch, Axios, CNBC, Fortune, Bloomberg, The Economic Times, MarketWatch, and Reuters
Tweets: @sandofsky, @teamblind, @safeselfdrive, @carnage4life, @ahcastor, @kshashi, @carnage4life, @soonweilun, @akopec, @danprimack, @mhiesboeck, @johnreedstark, @firstadopter, @somospostpc, @chidiwilliams__, @doveywan, @carnage4life, @gergelyorosz, @mattpaulsonsd, @gergelyorosz, @tmfotter, @web3isgreat, @caseynewton, @marinperez, @bmorrissey, @abebrown716, @maxwellstrachan, @nycsouthpaw, @dlberes, and @willoremus
| 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.| Rebecca Bellan / TechCrunch: |
GM's Cruise secures a permit to charge fares for its driverless robotaxi service in San Francisco, operating at up to 30mph on select streets from 10PM to 6AM — Cruise, the autonomous vehicle unit of General Motors, has finally been given the green light to start charging fares for its driverless robotaxi service in San Francisco.
More:
Cruise LLC, The Verge, Reuters, Mobility Weekly, Engadget, Silicon Republic, Detroit Free Press, Los Angeles Times, CNBC, and Along for the Ride
Tweets: @cruise, @joshuaforman, @traviskatz, and @laurenwern
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