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May 6, 2024, 7:55 AM
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| Anthony Ha / TechCrunch: |
Bluesky confirms Jack Dorsey's departure from its board and says it is searching for a new board member — It sounds like Bluesky's most prominent backer is no longer on its board. — On Saturday, Jack Dorsey posted on X about grants for open protocols from his philanthropic Start Small initiative.
More: The Verge, Bloomberg, Coinspeaker, Business Insider, Cryptonews, Cointelegraph, crypto.news, CoinGape, Neowin, PCMag, Business Today, Engadget, Benzinga, Coinpedia Fintech News, We Distribute, and The Crypto Times
Threads: @crumbler, @crumbler, @karaswisher, @chris, @wongmjane, @moskov, @kbode, @goldman, @goldman, @fredbenenson, and @dathinkyparts
Mastodon: @docpop@mastodon.social, @bastardsheep@aus.social, @marcel@waldvogel.family, @crumbleneedy@aus.social, @o_simardcasanova …, and @nora@blob.love
Bluesky: @bsky.app, @bsky.app, @o.simardcasanova.net, @dnas.is, @pogue.omg.lol, @evacide.bsky.social, @billcorbett.bsky.social, @thechillennial.bsky.social, @autiomaa.org, and @surfdude29.ispost.ing
Forums: Hacker News, r/technology, and Beehaw
| Emily Nicolle / Bloomberg: |
Visa and Allium Labs: less than 10% of stablecoin transactions are “organic payments activity”, which excludes activities from bots and large-scale traders — - Less than 10% of stablecoin transactions are “organic:” Visa — PayPal, Stripe are among fintechs expanding in stablecoins| Pieter Haeck / Politico: |
The EU's crackdown on Huawei shows an EU-wide TikTok ban will likely take years of diplomacy, as the bloc lacks a formal say over national security concerns — Of all the shots Europe is firing at China, the threat of a blanket TikTok ban is likely to only scuff Beijing.
More: Yahoo News, Eurasia Review, Yahoo Finance, Newsweek, and Kirkville
X: @politicoeurope, @pieter_haeck, and @defensebaron
Forums: r/europeanunion and r/eutech
| Counterpoint Research: |
iPhone 15 Pro Max was Q1's best-selling smartphone; Pro phones were 50% of Apple's sales, up from 24% in 2020; Apple and Samsung each had five phones in top 10 — - Apple and Samsung dominated the list of top 10 best-selling smartphones in Q1 2024. — This was the first quarter in which the top 10 smartphones were all 5G capable.
More: AppleInsider
| Anthony Ha / TechCrunch: |
Meta launches quote post controls for all Threads users, letting them allow quotes from everyone on Threads, only the people they follow, or disable quote posts — Threads users can now exert more control over who can quote their posts. — This builds on a feature that already allows Threads users …
More: Android Police, Android Headlines, Engadget, Social Media Today, PCMag, and Neowin
Threads: @mosseri, @nixxi.mohilchock, @nixxi.mohilchock, @nixxi.mohilchock, @dodgersfanpg, @danielthejew, @_davidking17_, @shaneblair8580, @codedrift.social, @ghostoflviv_, @darnell, and @documentingmeta. Mastodon: @stefan@stefanbohacek.online. Bluesky: @josh.uno
| Wall Street Journal: |
Interviews with finance experts and young adults suggest TikTok videos about the economy and consumerism are creating a distorted view of financial well-being — Endless videos about the economy and consumerism are giving 20-somethings a case of ‘money dysmorphia’ — Americans under 30 get much of their news on TikTok.| Coco Feng / South China Morning Post: |
Tens of thousands of overworked employees have left their jobs at China's largest tech companies in recent years, as the industry lost its growth momentum — - As of the end of 2023, China's BAT - Baidu, Alibaba and Tencent - had a combined total of 364,477 employees, a drop of nearly 25,000 from a year before| Ashley Carman / Bloomberg: |
Over 40K Audible books are marked as having been made with an AI “virtual voice”, saving authors hundreds or thousands of dollars per title on narration costs — While authors appreciate the new revenue stream, audiobook listeners are complaining about the influx of new material| Tassilo Hummel / Reuters: |
Atos says it received four distinct offers to restructure its debt and inject cash from investors including Atos' banks and its largest shareholder Onepoint — Debt-laden French IT company Atos on Monday confirmed it had received four distinct offers from investors to restructure its debt …
More: Financial Times
| Pei Li / Bloomberg: |
Sources: Chinese self-driving startup Beijing Momenta Technology confidentially filed for an IPO in the US and could raise $200M to $300M as early as in 2024 — - Chinese company is working with banks on a potential listing — Momenta working with banks, aiming to raise up to $300 million
More: Benzinga
| Muyao Shen / Bloomberg: |
DEX Screener: the value of decentralized social platform Friend.tech's native token, the Friend, fell ~98% to below $2 after making its trading debut on May 3 — - “No one can figure out the tokenomics,” Delphi's Rinko says — Friend.tech's growth has been driven in part by trading bots| Anthony Ha / TechCrunch: |
The US announces $285M in CHIPS Act funding for research into semiconductor digital twin development, which may reduce chip development and manufacturing costs — President Joe Biden's administration is looking to fund efforts that improve semiconductor manufacturing by using digital twins.Sponsor Posts
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