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Techmeme
May 5, 2023, 7:25 PM
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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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About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:25 PM ET, May 5, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Bloomberg:
How Paramount's David Ellison deployed financial backing and political lobbying, including his well-connected chief legal adviser, to beat Netflix and win WBD

CNN:
CNN employees and viewers have serious concerns about whether Ellison will uphold CNN's editorial independence amid severe political pressure

Jeremy Barr / The Guardian:
Memo: another CBS News producer leaves, after 46 years, and says, “We've been told to aim our reporting at a particular part of the political spectrum”

More News

Eric Berger / Ars Technica:
Airbus, Eutelsat, SES, Thales, and other European satellite companies plan to bid for the IRIS² satellite constellation, to rival SpaceX's Starlink in the EU
Bloomberg:
Source: a leaked April 2023 internal document by Luke Sernau, a senior software engineer at Google, argues that open-source AI will outcompete Google and OpenAI
Ina Fried / Axios:
Tim Cook says Apple sees AI as “huge” but that “it's very important to be “deliberative and thoughtful” as there are “a number of issues that need to be sorted”

Earlier Picks

Bill Peters / MarketWatch:
Coinbase reports Q1 revenue down 34% YoY to $772.5M, vs. $655M est., net loss down 82% YoY to $78.9M, $145B in trading volume, vs. $147.7B est.; COIN jumps 15%+
Richard Lawler / The Verge:
Google releases a brief teaser video showing off the Pixel Fold, confirming that it will be officially revealed on May 10 during the Google I/O 2023 event
Ilya Banares / Bloomberg:
Shopify reports Q1 revenue up 25% YoY to $1.5B, vs. $1.43B est., GMV up 15% YoY to $49.6B, vs. $47.7B est., and plans to cut ~20% of its staff; SHOP jumps 20%+
David McCabe / New York Times:
The White House announces plans to address AI's risks, including $140M for new research centers and draft guidelines for government agencies using AI safeguards
Tom Warren / The Verge:
Microsoft opens its Bing chatbot to all, removing the waitlist, and announces features like image and video results, persistent chat and history, and plug-ins
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