Techmeme
May 9, 2025, 9:30 AM

Top News

Steven T. Dennis / Bloomberg:
Senate Democrats block the Genius Act for stablecoins after Republicans rebuffed barring Trump and others from profiting off of crypto ventures while in office  —  Senate Democrats blocked stablecoin legislation backed by the digital assets industry amid a furor over President Donald Trump's extensive …
Mark Gurman / Bloomberg:
Sources: Apple aims to have TSMC mass produce a chip for its smart glasses, with greater power efficiency and multi-camera control, by end of 2026 or in 2027  —  The company has made progress on the chip that it's developing for smart glasses, according to people with knowledge of the matter.
Chris Dolmetsch / Bloomberg:
A US judge sentences Celsius founder and former CEO Alex Mashinsky to 12 years in prison, after he pleaded guilty to commodities fraud and misleading investors  —  Whoop Launches Slimmer Fitness Bands With Blood Pressure, ECG Features  —  Review: The Whoop 5.0 and MG — short for medical grade …
Karissa Bell / Engadget:
Meta brings its Account Status feature to Threads, letting users see when the company has removed or demoted their posts or handed out other account penalties  —  Threads will finally start giving users more visibility into when their accounts are penalized for breaking its rules.
Sarah Perez / TechCrunch:
David K. Li / NBC News:
An Arizona man was sentenced to 10.5 years in prison after his deceased victim gave an impact statement to the court via an AI-generated video  —  The defendant got the maximum of 10½ years for the 2021 murder.  His attorney called the presentation “inflammatory,” providing grounds for appeal.
Jonathan Vanian / CNBC:
Pinterest reports Q1 revenue up 16% YoY to $855M, vs. $847M est., MAUs up 10% to 570M, and forecasts Q2 revenue above estimates; PINS jumps 15%+ after hours  —  Pinterest shares rose 15% in extended trading Thursday after the company reported first-quarter earnings and provided better-than-expected guidance.
Fortune:
Sources: Meta is talking to crypto firms about introducing stablecoins for managing payouts, and in January 2025 hired a VP of product with crypto experience  —  Mark Zuckerberg, CEO of Meta, speaks at a conference in September.  —  In 2019, Meta announced an audacious project …
Scharon Harding / Ars Technica:
Broadcom is sending cease-and-desist letters to owners of VMware perpetual licenses with expired support contracts, to get them to buy VMware product bundles  —  Broadcom has been sending cease-and-desist letters to owners of VMware perpetual licenses with expired support contracts, Ars Technica has confirmed.
Reinhardt Krause / Investor's Business Daily:
Cloudflare reports Q1 revenue up 27% YoY to $479.1M, vs. $469.3M est., and forecasts Q2 revenue of $500M to $501M, vs. $500.4M est.; NET jumps 8%+ after hours  —  Cloudflare (NET) stock climbed Thursday after the company reported first-quarter earnings that met views while revenue topped Wall Street targets.
Helene Braun / CoinDesk:
Coinbase Q1: revenue up 23% YoY to $2B, vs. $2.1B est., net income down 94% YoY to $66M, trading volume up 26% YoY to $393B, and $0.24 EPS, vs. $1.93 est.  —  Shares of Coinbase (COIN) fell nearly 3% in post-market trading after it reported a significant drop in revenue in the first quarter of the year …

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More News

Coco Feng / South China Morning Post:
Michael Nuñez / VentureBeat:
More: WinBuzzer, arXiv.org, and The Drum
Bluesky: @soodokuX: @_akhaliqLinkedIn: Derrick MwitiForums: r/baba and Slashdot
Chris Cameron / New York Times:
Washington Post:
Chris Vallance / BBC:

Earlier Picks

Aisha Malik / TechCrunch:
Paul Sandle / Reuters:
Tanaya Macheel / CNBC:
Victoria Kennedy / Eurogamer.net: