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June 10, 2022, 12:05 PM
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| GOV.UK: |
The UK's CMA plans a market investigation into Apple's App Store restrictions on cloud gaming alongside Apple and Google's market power in mobile browsers — Apple and Google “hold all the cards” with interventions needed to give innovators and competitors a fair chance to compete in mobile ecosystems
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The Platform Law Blog, Wall Street Journal, 9to5Mac, AppleInsider, GOV.UK, PYMNTS.com, GOV.UK, Reuters, Bloomberg, Benzinga, TechCrunch, Politico, Silicon Republic, Financial Times, Engadget, MacRumors, The Guardian, MacDailyNews, Apple Must, Cybernews.com, and iMore
Tweets: @cmagovuk, @ricmac, @leoringer, @_iainmartin, @cmagovuk, @leoringer, @tomwarren, @tomwarren, @markdistef, @jcbcp, @_iainmartin, @ryan_browne_, @samuelstolton, and @privacymatters
| Joshua Brustein / Bloomberg: |
An in-depth look at the mechanics behind Axie Infinity and the ramifications of the ~$620M hack on players and the game, as Sky Mavis plots its next steps — Over the course of his life, Alejo Lopez de Armentia has played video games for a variety of reasons.| Alex Heath / The Verge: |
Source: Meta will distribute the first version of its AR glasses, codenamed Orion, exclusively to developers, helping them build software for future devices — It's also canceling a planned smartwatch with two cameras — Meta has decided to not sell the first version of its full-fledged AR glasses …
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KnowTechie, BGR India, and Engadget
| Sylvia Varnham O'Regan / The Information: |
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Tweets: @amir, @ericpresidentvr, @adamholisky, @sadlyitsbradley, @hrafntho, @jonstephens85, @tariqkrim, @ghadjia, @tsukinune, @andreworlowski, @sylviavarnham, @lopezlinette, @harrymccracken, @sarahfrier, @benbajarin, @jamespmcleod, @pierce, @kevin_raposo, @stevekovach, @yorksranter, @kurtwagner8, @palafo, and @tidefallcapital
| Janko Roettgers / Protocol: |
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PCMag, Wccftech, BGR India, Pocket-lint, and Neowin
Tweets: @jank0, @shiraovide, @katienotopoulos, @nikunj, @katebevan, @katienotopoulos, @katienotopoulos, @johnnybrackett, @johnnybrackett, @blakekozak, @dcseifert, @ambiej, @baydr, @louwhiteman, @kantrowitz, @nikunj, @gartenberg, @alexeheath, @alexhern, @_danilo, @ldrogen, @counternotions, @keithdsouza, @mg, @kylebrussell, @mgsiegler, and @stevekovach
| Wall Street Journal: |
Sources: some US news outlets prepare for shortfalls as Meta weighs ending fees for news; annual fees averaged $20M+ for NYT, $15M+ for WaPo, and $10M+ for WSJ — Social-media company pays more than $10 million a year to a handful of news organizations to feature their content on its news tab
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Benzinga, Newslit Daily, and The Dispassionate Newsletter
| Aggi Cantrill / Bloomberg: |
After delivery startup Gorillas raised $1B in October, sources say it is drastically cutting costs, reducing staff benefits, and considering closing warehouses — After Germany's rapid food delivery startup Gorillas Technologies GmbH closed a $1 billion funding round last October …
Tweets: @eliotwb, @aggichristiane, @cdanuloff, @aulia, and @shiraovide
| Ryan Smith / AnandTech: |
AMD updates its Zen architecture roadmap, including Zen 4 improvements in 2022 and Zen 5 in 2024 with a mix of 4nm and 3nm processes and AI and ML optimizations — Today is AMD's Financial Analyst Day, the company's semi-annual, analyst-focused gathering. While the primary purpose …
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Windows Central, The Register, Tom's Hardware, Tom's Hardware, Tom's Hardware, Tom's Hardware, Tom's Hardware, Tom's Hardware, TechPowerUp, VideoCardz.com, SiliconANGLE, HotHardware.com News, Club386, AnandTech, Liliputing, ServeTheHome, and Wccftech
Tweets: @anshelsag, @ryansmithat, and @ryansmithat
| Ben Goggin / NBC News: |
Experts say Amazon's encrypted chat app Wickr is flooded with child sex abuse images and the company is not taking basic safety measures to prevent sharing — Court records show that Wickr Me has become part of a toolkit used by people who exploit children.
Tweets: @benjamingoggin, @benjamingoggin, @benjamingoggin, @anthony, @mattmday, and @jasonabbruzzese
| Nikhil Patwardhan / Moneycontrol: |
Indian credit card payment service Cred raises $80M as part of a planned $140M Series F at a $6.2B valuation, up from a $4B valuation in October 2021 — According to Moneycontrol estimates, the Kunal Shah-led company has raised the money at a valuation of almost $6.22 billion.| Sam Shead / CNBC: |
Sources: “AI transformer” startups Inflection, Cohere, Adept, and Anthropic, which collectively raised $1B+, recently poached dozens of scientists from Big Tech — - Four of the best-funded new AI start-ups — Inflection, Cohere, Adept and Anthropic — have recently poached dozens … | Arjun Kharpal / CNBC: |
Alibaba drops as much as 8% after its Ant Group unit said it has no current plans to revive its IPO and a key regulator said it had not evaluated the listing — - Alibaba shares dropped 8% on Thursday after its financial affiliate Ant Group said there were currently no plans to revive a public listing.
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Bloomberg, Nikkei Asia, Coinspeaker, Benzinga, ChinaTechNews.com, Reuters, and TechNode
Tweets: @demopj, @chorzempamartin, and @tommackenzietv
| Amanda Silberling / TechCrunch: |
Jack Dorsey and Jay-Z launch The Bitcoin Academy, giving free financial education classes on Bitcoin at the Brooklyn public housing complex where Jay-Z grew up — Is billionaire-funded crypto education really what low-income people need? — Twitter co-founder and Block CEO Jack Dorsey …
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Finextra, Metaverse Post, Inside Bitcoins, The Economic Times, afrotech.com, CryptoSlate, Waivly, Rolling Stone, The Verge, Coinspeaker, Insider, Micky, Bitcoinist.com, Bitcoin News, CryptoPotato, Benzinga, Crypto Briefing, and Gizmodo
Tweets: @rollingstone, @kaimandante, @kiaspeaks, @elliottscribe, @iamtone, @katewillett, @edbott, @byyourlogic, @bitinn, and @kt_so_it_goes
| Lauren Thomas / CNBC: |
Stitch Fix plans to lay off 15% of its salaried staff, or ~330 people, and reports Q3 revenue down 8% YoY to $492.9M and a $78M net loss, up from $18.8M YoY — - Stitch Fix is laying off 15% of its salaried workers, or about 330 people. — The company also issued weak revenue guidance as it contends with weaker consumer demand.
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GeekWire, Reuters, Insider, Wall Street Journal, CNN, MarketWatch, WWD, and San Francisco Business Journal
Tweets: @jeffnolan and @alessiourban
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