Techmeme
May 5, 2023, 7:25 PM

Top News

Matt Binder / Mashable:
Out of the ~150K early Twitter Blue subscribers in November 2022, just ~68,157 were still subscribed on April 30, meaning Blue has an abnormally high churn rate  —  The early birds cancel their subscriptions.  —  Twitter Blue's struggles since its launch nearly six months ago are more severe …
Mengqi Sun / Wall Street Journal:
New York's AG proposes the Crypto Regulation, Protection, Transparency and Oversight Act, or CRPTO, seeking broader enforcement authority over crypto companies  —  Proposed legislation would require crypto exchanges to have independent public audits of financial statements, among other new requirements
Chance Miller / 9to5Mac:
Brydge, an iPad, Mac, and Surface accessory maker, is shutting down; sources: Brydge has neither paid its staff salaries nor fulfilled orders since January 2023  —  Brydge, a once thriving startup making popular keyboard accessories for iPad, Mac, and Microsoft Surface products, is ceasing operations.
Dave Michaels / Wall Street Journal:
Coinbase plans to try a novel defense against a potential US SEC enforcement action by arguing the regulator bears some responsibility for approving its IPO  —  Crypto exchange says regulators' lawsuit threat is undermined by clearance of IPO  —  With the Securities and Exchange Commission preparing …
Alex Konrad / Forbes:
A look at the ByteDance investors who have billions in paper profits blocked by the US regulatory standoff over TikTok; source: Sequoia China holds a 10%+ stake  —  The world's most valuable startup does more than any other investment to put VCs on the Forbes Midas List, including its No. 1.
Catherine Shu / TechCrunch:
Jakarta-based Praktis, which sells end-to-end supply chain software to direct-to-consumer brands and suppliers, raised a $20M Series A led by East Ventures  —  Small to medium-sized enterprises contribute 60% of Indonesia's gross domestic product.  But companies in the D2C space still struggle to compete against bigger brands.

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More News

Eric Berger / Ars Technica:
Bloomberg:
Ina Fried / Axios:

Earlier Picks

Bill Peters / MarketWatch:
Richard Lawler / The Verge:
Ilya Banares / Bloomberg:
David McCabe / New York Times:
Tom Warren / The Verge: