Techmeme
May 9, 2023, 4:50 AM

Top News

Ryan Browne / CNBC:
Ripple's CEO says the company will have spent $200M fighting SEC's lawsuit that accuses him, a co-founder, and Ripple of selling XRP as an unregistered security  —  - Ripple will have spent $200 million by the time its legal battle with the U.S. Securities and Exchange Commission is over, CEO Brad Garlinghouse said.
Ryan Browne / CNBC:
David Pierce / The Verge:
How Google's attempt to create a better, faster mobile web for media companies with the AMP standard ended up ruining publishers' trust in the internet giant  —  Google promised to create a better, faster web for media companies with a new standard called AMP.  In the end, it ruined the trust publishers had in the internet giant.
Dan Goodin / Ars Technica:
Google's passkey offering is refined and comprehensive enough to recommend, but the ecosystem is incomplete, despite PayPal, Kayak, and others using passkeys  —  The passkey ecosystem is far from complete, but Google's implementation is now ready to use.  —  By now, you've likely heard …
Jennifer Elias / CNBC:
Internal docs: Google plans to announce generative AI updates at Google I/O on May 10, including launching PaLM 2, a general-use LLM supporting 100+ languages  —  - Google's hefty investments in artificial intelligence will be on display at its annual developer conference this week.
Nikhilesh De / CoinDesk:
Crypto exchange Bittrex files for bankruptcy in Delaware; filing: the company estimates both its liabilities and assets to be between $500M and $1B  —  Bittrex already announced its intention to exit the U.S., but also faces an SEC enforcement action.  —  Crypto exchange Bittrex has filed …
Stephen Nellis / Reuters:
LinkedIn to cut 716 jobs and shut down InCareer, its local jobs app in China, by August 9, citing fierce competition and a challenging macroeconomic climate  —  LinkedIn, the social media network owned by Microsoft Corp (MSFT.O) that focuses on business professionals, said on Monday …
Paul Sawers / TechCrunch:
Vienna-based Prewave, which helps companies monitor their suppliers online and create risk alerts, raised a ~$20M Series A+, following a $12.3M Series A  —  Despite the investor caution narrative permeating the startup world throughout the economic downturn, certain startup-types have been a little more impervious to market conditions.
More: EU-Startups and Tech.eu
Nikhilesh De / CoinDesk:
Sam Bankman-Fried's lawyers file pretrial motions to dismiss most criminal charges against him, but not charges tied to securities fraud and money laundering  —  Bankman-Fried did not move to dismiss charges tied to securities fraud or money laundering.  —  FTX founder Sam Bankman-Fried …
Akanksha Khushi / Reuters:
Binance halted bitcoin withdrawals for an hour late on May 7 and for several hours on May 8, blaming heavy volumes and an unanticipated rise in network gas fees  —  Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees …
Munsif Vengattil / Reuters:
Truecaller plans to make its caller ID service available globally over WhatsApp and other messaging apps later in May to help users spot potential spam calls  —  Truecaller (TRUEb.ST) will soon start making its caller identification service available over WhatsApp and other messaging apps …

Sponsor Posts

Google:
Try Gemini 3 Pro  —  Google's newest and most intelligent AI model that helps you bring any idea to life
Soxton:
AI-powered law for startups  —  Soxton automates startup legal so founders can move faster and sleep better.  We handle incorporation, advisor, employment and commercial contracts.  Join the waitlist for early access!
Zoho:
Zoho CRM Plus in 2025: A year of thoughtful CX improvements  —  2025 marked 11 years of building a customer experience platform designed to support organizations as customer expectations, channels …
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Invest Like the Best:
Nick Kokonas - Know What You Are Selling
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Grit:
The Grittiest Conversations of 2025: AI, Business & Beyond
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
10 contrarian leadership truths every leader needs to hear | Matt MacInnis (Rippling)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
Alex And Ranjan's 2026 Outlook: ChatGPT 1 Billion, AI Shopping, Apple's Big Year, AI Love Boom
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Hard Fork:
Where Is All the A.I.-Driven Scientific Progress?
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
Tools and Weapons with Brad Smith:
Ted Sarandos: Netflix and how tech changed storytelling
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:50 AM ET, May 9, 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.

More News

Lynn Doan / Bloomberg:

Earlier Picks

Isaiah Poritz / Bloomberg Law:
Ingrid Lunden / TechCrunch: