Techmeme
April 28, 2023, 1:50 PM

Top News

Stephen Graves / Decrypt:
Bluesky is seeing an influx of users, including @dril and AOC, with some referring to posting on the Jack Dorsey-backed social network as “skeeting”  —  Instead of “tweeting,” the influx of new Bluesky users has coined a new term for sharing their thoughts on the decentralized social media app.
Reuters:
EU lawmakers push forward an AI Act draft, which includes requiring companies deploying generative AI tools to disclose copyrighted material used for training  —  Companies deploying generative AI tools, such as ChatGPT, will have to disclose any copyrighted material used to develop their systems …
Olga Kharif / Bloomberg:
A US federal judge orders South Africa-based bitcoin pool operator Mirror Trading's CEO to pay $3.4B after CFTC charged the company with a $1.7B fraud in 2022  —  A US judge has ordered a South African executive to pay more than $3.4 billion in restitution and fines for a fraud scheme involving Bitcoin …
Bloomberg:
The New York City MTA ends its Twitter service alerts, saying the platform is “no longer reliable” and that Twitter demanded $50K per month for API access  —  New York City's mass-transit system is ending its real-time service alerts on Twitter for subway, train and bus riders …
Aoyon Ashraf / CoinDesk:
Robinhood introduces Connect, which allows users to fund their Web3 wallets without having to leave a decentralized app or be in their Robinhood Crypto accounts  —  The feature, Robinhood Connect, is already available on several decentralized apps, with more to onboard in the coming months.
Ellen Huet / Bloomberg:
Clubhouse plans to lay off 50%+ of its employees and “reset” the company, despite claiming to have “years of runway”; Clubhouse had ~100 staff in October 2022  —  Clubhouse, the pandemic-era social media sensation, is cutting more than half of its employees, the company said in a blog post on Thursday.
Jess Weatherbed / The Verge:
Ex-Apple employee Dhirendra Prasad is sentenced to three years and must pay restitution for stealing $17M from Apple via kickbacks from parts suppliers, more  —  A former Apple employee has been sentenced to three years in prison and must pay back over $19 million in restitution …
Cecilia D'Anastasio / Bloomberg:
Amazon:
Amazon reports Q1 revenue up 9% YoY to $127.4B, a $3.2B net income, vs. a $3.8B net loss YoY, AWS revenue up 16% YoY to $21.4B, and staff down 10% YoY to 1.47M  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2023.
Annie Palmer / CNBC:
Sarah Perez / TechCrunch:
Pinterest announces a multi-year strategic ad partnership with Amazon, its first ads partner, to bring more brands and relevant products to the social network  —  Pinterest today announced a multiyear strategic ad partnership with Amazon aimed at bringing more brands and relevant products to its platform.

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More News

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