| Alexa Corse / Wall Street Journal: |
In a memo to Twitter employees, CEO Linda Yaccarino said the platform is “on a mission to become the world's most accurate real-time information source” — Linda Yaccarino, who joined company last week, describes her mission to employees — Twitter's new chief executive told employees … | Reuters: |
Jack Dorsey says India threatened to shut Twitter down unless the company complied with orders during farmer protests, a claim India calls an “outright lie” — Twitter was threatened with shut down in India, Nigeria and Turkey unless it complied with orders to restrict accounts … | CNBC: |
The US FTC files for a temporary restraining order and preliminary injunction to block Microsoft's acquisition of Activision Blizzard — - The FTC on Monday filed a temporary restraining order and preliminary injunction seeking to block Microsoft's proposed acquisition of Activision Blizzard.| Jay Peters / The Verge: |
Over 7,000 subreddits have gone private or read-only to protest Reddit's API pricing changes; the site experienced issues for about two hours on June 12 — Reddit went through some issues for many on Monday, with the outage happening the same day as thousands of subreddits going dark to protest the site's new API pricing terms.| Dell Cameron / Wired: |
A declassified ODNI report from 2022: the US has amassed troves of “sensitive and intimate information” about Americans purchased from commercial data brokers — A newly declassified report from the Office of the Director of National Intelligence reveals the federal government is buying troves of data about Americans.| Molly White: |
Unpacking Coinbase's flawed talking points in its battle with the SEC, including the argument that “securities laws written in the 1930s can't apply to crypto” — Coinbase is trotting out its usual flawed arguments now that it's facing a lawsuit from the SEC, and more pushback is needed.| Andrew Cunningham / Ars Technica: |
M2 Ultra Mac Studio review: a small, fast, efficient, and quiet desktop that has a good port selection and is a better deal than the new Mac Pro for most users — The realities of Apple Silicon make the Studio the best bet for most pros. — The original Mac Studio, despite the absence of … | Samuel Stolton / Bloomberg: |
Sources: the EU is set to hit Google with a formal antitrust complaint regarding the company's ad tech, with a statement of objections coming as soon as June 14 — Google is set to be hit with a formal antitrust complaint from the European Union that could pave the way for massive fines … | Matt Levine / Bloomberg: |
By capitalizing on crypto lending services' high interest rate promises, 3AC's founders played the bubble perfectly, getting rich as 3AC's lenders went bankrupt — Programming note: Money Stuff was supposed to be off today but I got bored so here you go. — What are the 3AC guys up to?| Financial Times: |
The EU reaches a long-awaited deal on rules that could let 28M gig workers get social security and more, and plans to discuss the proposals with its parliament — Member states agree to rules that could give employment benefits to Uber drivers and food delivery riders| Larry Dignan / Constellation Research: |
Oracle reports Q4 revenue up 17% YoY to $13.84B, vs. $13.73B est., cloud services and license support revenues up 23% YoY to $9.4B, and net income up 4% YoY — Oracle's infrastructure as a service business gained momentum in the fourth quarter courtesy of generative AI workloads, according to CTO Larry Ellison.| Avram Piltch / Tom's Hardware: |
Google's Search Generative Experience seems like an “AI plagiarism engine” that cobbles together snippets of text from a variety of sites, often word-for-word — The Search Generative Experience seems more like a text-copying experience. — Search has always been the Internet's most important utility.| Kyle Wiggers / TechCrunch: |
Boston-based CloudZero, a cloud cost management startup, raised a $32M Series B led by Innovius Capital and Threshold Ventures, taking its total raised to $52M+ — CloudZero, a cloud cost management startup, today announced that it raised $32 million in a Series B funding round led by Innovius Capital and Threshold Ventures.| Brody Ford / Bloomberg: |
Filings: a nonbinding proposal on whether Marc Benioff should continue as Salesforce's board chairman got 23% of votes versus ~37% in 2022; CRM rose 61% in 2023 — Salesforce Inc. shareholder support for Chief Executive Officer Marc Benioff grew in the past year following a tussle … | Brody Ford / Bloomberg: |
| Yuka Hayashi / Wall Street Journal: |
Sources: a US official said the government plans to let chipmakers in South Korea and Taiwan maintain and expand their China-based operations without reprisals — Analysts say the move will weaken export-control measures aimed at curbing Beijing — WASHINGTON—The Biden administration plans … | Shinhye Kang / Bloomberg: |
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