Techmeme: Interviews with finance experts and young adults suggest TikTok videos about the economy and consumerism are creating a distorted view of financial well-being (Wall Street Journal)

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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.

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X: @jack, @jglypt, and @jglypt

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

More: CoinDesk, PYMNTS.com, Crypto Briefing, NewsBTC, CoinGape, DL News, The Crypto Times, crypto.news, Coinspeaker, Cryptonews, Coinpedia Fintech News, and Cointelegraph

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: 9to5Mac, AppleInsider, Patently Apple, MySmartPrice, and BGR

Adamya Sharma / Android Authority:

YouTube rolls out Jump Ahead, which uses AI to let users jump to parts of a video where most viewers skip ahead, to all US Premium members using its Android app — It's currently available in the US on the YouTube Android app. — • — TL;DR — YouTube Premium members in the US …

More: Cryptopolitan, Hindustan Times, Sammy Fans, TalkAndroid.com, and NewsBytes

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.

More: Livemint. X: @juliejargon and @omrlxs

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: Eurasia Review, Yahoo News, Yahoo Finance, Newsweek, and Kirkville

X: @politicoeurope, @pieter_haeck, and @defensebaron

Forums: r/europeanunion and r/eutech

Aoyon Ashraf / CoinDesk:

Filing: Robinhood's crypto arm got a Wells notice from the SEC on May 4; Robinhood says it has already ended support for tokens named in previous SEC lawsuits — The trading platform previously ended support for all tokens that were named in SEC lawsuits against Binance and Coinbase.

More: MarketScreener, Decrypt, The Block, Blockworks, Barron's Online, Cointelegraph, CoinGape, Crowdfund Insider, Watcher Guru, Bitcoinist.com, Bloomberg, and Crypto Briefing

Carl Franzen / VentureBeat:

Hugging Face launches LeRobot, an open-source robotics code library, after hiring former Tesla scientist Remi Cadene to lead its open-source robotics project — Earlier this year, in March 2024, the AI developer-focused startup Hugging Face — known for maintaining the largest online repository …

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

More: TechSpot. X: @rakeshlobster and @authorontheside

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