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June 5, 2022, 10:25 AM
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| Emily Birnbaum / Politico: |
In an email chain mistakenly forwarded to Politico, an Amazon spokesperson asked a consultant to push a narrative that the AICO Act would harm people of color — It's the latest instance of a tech company arguing that regulation would harm communities of color.| Lauren Feiner / CNBC: |
A look at Democrats' efforts to pass the AICO Act, which bans Big Tech companies from favoring their products, before the November midterms or end of the year — - A major piece of legislation that could reshape the tech industry is just a few steps away from becoming law.| New York Times: |
Sources: Apple enlisted Hollywood directors like Jon Favreau to make video content for its mixed reality headset that resembles ski goggles and may ship in 2023 — The company has enlisted Hollywood directors like Jon Favreau to help its effort to create products that blend the physical and virtual worlds.
More:
TheStreet, TechCrunch, CNET, TechRadar, Tom's Guide, Engadget, Wccftech, Financial Times, PhoneArena, The Verge, iClarified, The Verge, iPhone in Canada Blog, PCMag, 9to5Mac, MobileSyrup, AppleInsider, MacRumors, AppleTrack, and Giants Postcards
Tweets: @vibronet, @markgurman, @hrafntho, and @jacobsedesse
| Eli Tan / CoinDesk: |
Yuga Labs confirms BAYC Discord server hack with 200 ETH worth of NFTs stolen, the third time a bad actor impersonated a Yuga Labs-run account to steal funds — The company behind the Bored Apes NFTs made the disclosure 11 hours after word of the exploit surfaced on Twitter.
Source:
@boredapeyc. More:
Engadget, BleepingComputer, Moonbirds Ecosystem Update, Crypto Adventure, Cryptopolitan, TheBitTimes.Com's Newsletter, Bitcoinist.com, CryptoSlate, Blockworks, The Block, CoinGape, and Web3 is going just great
Tweets: @nftherder, @gordongoner, @certikalert, @coindesk, @broderick, @boredapeyc, @saintsluggo, @broderick, @jaredctate, and @phequals7
| Manish Singh / TechCrunch: |
Google stops businesses from using RCS for promotions in India, following reports that top banks and other companies are abusing the feature to send spam — Google has disabled businesses ability to use RCS for promotion in India, the company's biggest market by users … | Maxwell Strachan / VICE: |
The pivot to Web3, driven by ideology rather than utility, is akin to a “collective Theranos” that's warping the economy to benefit professional investors — It can feel as if the entire world is bolting on crypto tokens and NFTs. Many in the industry worry the gold rush is akin to a …
Tweets: @maxwellstrachan, @can, @davewiner, @venkatananth, @carnage4life, @mims, @mikeelgan, @mskidchaos, @jeremiahlee, @fuzheado, @sgwoods, @noahpinion, @ummjackson, and @timmarchman
| Reuters: |
Yandex CEO and co-founder Arkady Volozh resigns after being included in the latest European Union's sanctions list; the company itself has not been sanctioned — Russian internet giant Yandex (YNDX.O) said on Friday that Arkady Volozh had stepped down as CEO and left the board of directors …
More:
The Moscow Times, East-West Digital News, Search Engine Land, and DCD
Tweets: @alexkhrebet, @maxseddon, @novayagazeta_en, and @anders_aslund
| Ingrid Lunden / TechCrunch: |
Hourly, an app that lets businesses track working hours, generate payroll, and assign compensation insurance to hourly wage workers, raises a $27M Series A — We've seen a boom in the last several years around tech built for front-line, service, manual, and other workforces typically paid on an hourly wage.
More:
The Hourly Blog, FinSMEs, Insider, Coverager, and San Francisco Business Journal
| Moneycontrol: |
Filings: ByteDance, which is reportedly planning to re-enter India, has fully exited its investment in VerSe, parent of Josh and DailyHunt, at a 56% discount — ByteDance received $102.67 million for its entire investment. Considering VerSe Innovation's $805-million primary fundraise in April …
More:
Livemint, exchange4media, The Economic Times, DealStreetAsia, Inc42 Media, and VCCircle. Tweets: @chandrarsrikant
| Coco Liu / Bloomberg: |
Meituan reports Q1 revenue of $6.9B, up 25% YoY, and a net loss of ~$855M, after a 47% YoY increase in revenue from new businesses such as ride-hailing — Meituan's quarterly revenue grew 25%, after the Chinese food delivery titan withstood the economic fallout from coronavirus-related lockdowns in cities such as Shanghai.
More:
PR Newswire, Dow Jones Newswires, Forbes, Channel NewsAsia, and Pandaily
| Jena McGregor / Forbes: |
Guild Education, a marketplace for lower-skilled workers to find higher education programs, raises a $175M Series F at a $4.4B valuation, up from $3.75B in 2021 — Guild Education cofounder and CEO Rachel Romer Carlson is no stranger to celebrity: She worked in the Obama White House … | 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
Source:
NY State Senate. More:
iFixit News, Uniic Media, Ars Technica, VICE, The Mac Observer, IGN, 9to5Mac, TechCrunch, Android Authority, Techdirt, and iMore
Sponsor Posts
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Hard Fork:
The Ezra Klein Show: How Fast Will A.I. Agents Rip Through the Economy?
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
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Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
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