Techmeme: YouTube, Snapchat, Gmail, Discord, and many other services were down throughout US during a major Google Cloud service outage, now resolved after 4+ hours (Tom Warren/The Verge)

Top News

CFTC says it is in very early talks with Facebook to understand if its upcoming cryptocurrency falls under the US regulator's jurisdiction — Facebook has begun talks with the top US derivatives regulator over its plans for a digital currency, in a sign of how the world's largest social media platform …

More: CoinDesk, The Next Web, PYMNTS.com, Coinspeaker, Cointelegraph, The Block, and Seeking Alpha

Tweets: @smtuffy and @icodrops

Bloomberg:

Infineon to acquire Cypress Semiconductor for $23.85 per share, valuing the company at €9B, at about 33% premium to its Friday closing price of $17.82 — - The proposed acquisition values Cypress at about $10 billion — Semiconductor players are wrestling with slowing growth

More: Infineon Technologies, Bloomberg, Inquirer, ZDNet, SiliconANGLE, Fortune, Wall Street Journal, VentureBeat, and Seeking Alpha. Tweets: @infineon

Nick Bilton / Vanity Fair:

Former Facebook execs, who are mostly just expressing remorse now, should speak out more forcefully and use their Facebook riches to promote reform there — The Facebook co-founder has made enemies—very rich enemies—of many of his former partners, who are now speaking out.

Tweets: @vanityfair, @buzz, @jessefelder, and @marycypsy

Tom Warren / The Verge:

YouTube, Snapchat, Gmail, Discord, and many other services were down throughout US during a major Google Cloud service outage, now resolved after 4+ hours — YouTube, Snapchat, Gmail, Nest, Discord, and a number of other web services suffered from major from outages in the US today.

Niraj Chokshi / New York Times:

Report: 52% of parents vs. 39% of teens said they spend too much time on their phones, up from 29% of parents and down from 61% of teens in 2016 — The kids are all right. But the parents? — Since 2016, adults have grown much more concerned about the time they spend on mobile devices …

More: Wall Street Journal, Axios, Common Sense Media, TechRadar.com, Thrive Global, New York Post, Telegraph, MarketWatch, Quartz, CNET, EdSource, Common Sense Media, and 9to5Mac

Tweets: @jessica_smetana, @adamsinger, @wsj, and @pfagell

Jon Russell / TechCrunch:

TaniGroup, which operates a B2B platform for Indonesian farmers to sell their produce direct to 400 SMBs that cater to 10,000 consumers, raises $10M Series A — In 2016, former World Bank analyst Eka Pamitra teamed up with five friends to start a business that would help farmers in their native Indonesia.

Anne Kauranen / Reuters:

Report: Finland-based IoT service company Uros says it had sales of €1.3B, up 171% YoY, and profits of €120M, up 845% YoY in 2018 — HELSINKI (Reuters) - Finland's Uros, a little known Internet of Things services company, saw its sales soar 171% to 1.31 billion euros last year …

Alex Johnson / NBC News:

NBC officially launches NBC News Now, a free streaming news service with 8 hours of programming every weekday, expects to have it running 24/7 by 2020 — The service, which doesn't require cable service authentication, is intended to go round-the-clock by next year.

Tweets: @dcnorg

Brenda Goh / Reuters:

IEEE says it has lifted restrictions on employees of Huawei and its subsidiaries in participating in papers' peer reviews, after clarification from the US DOC — SHANGHAI (Reuters) - The Institute of Electrical and Electronics Engineers (IEEE) said on Monday curbs on employees of Huawei Technologies …

More: IEEE, CNET, KrASIA, TechNode, and Pandaily. Tweets: @huaweifacts

Marianna Tzabiras / IFEX:

Caller ID and spam blocking app Truecaller can endanger journalists by revealing their phone numbers, even if journalists never use the app — While TrueCaller may have laudable intentions, the privacy implications for people who end up in their database raise concerns.

Tweets: @ifex and @arictoler

Meir Orbach / CTech - 24/7:

PE firms Francisco Partners and Israel Growth Partners to acquire LiveU, an Israel-based developer of live broadcasting and streaming tech, for $200M — LiveU develops live broadcasting and streaming technologies negating the need for an outside broadcasting van, as the video is transmitted directly …

Ingrid Lunden / TechCrunch:

WorldRemit, which helps immigrants and migrant workers abroad send money back home, raises $175M Series D, source says at a $900M+ valuation — The value of remittances globally continues to rise, and today a startup that has built a business targeting money transfers into emerging markets …

More: VentureBeat, WorldRemit, FinSMEs, and Tech.eu. Tweets: @ingridlunden

Sponsor Posts

Google:

Try Gemini 3 Pro — Google's newest and most intelligent AI model that helps you bring any idea to life

Shopify:

Shopify's new AI commerce stack — Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI and tech.

Zoho:

Connecting, collaborating, and growing: Zoho Mail 2025 wrap-up — Your inbox has been home to a lot this year—quick updates, long threads, approvals, reminders, and the occasional late-night draft you weren't sure about.

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.

Sponsor Techmeme

Featured Podcasts

Great Chat:

The stories we told ourselves in 2025

A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.

Subscribe to Great Chat.

The Social Radars:

Jessica & Carolynn Announce Season 5!

Come be a fly on the wall as Y Combinator's Jessica Livingston and Carolynn Levy talk to some of the most successful founders in Silicon Valley about how they did it.

Subscribe to The Social Radars.

Grit:

How Brands Stay Visible When AI Decides | Profound CEO James Cadwallader

Grit explores what it takes to create, build and scale world-class organizations.

Subscribe to Grit.

Lenny's Podcast:

The coming AI security crisis (and what to do about it) | Sander Schulhoff

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:

OpenAI's Potential, Google's Speedy Model, Copilot Hits Turbulence

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.

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.

Add your podcast here

About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:25 AM ET, June 3, 2019.

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.