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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
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