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May 5, 2021, 12:10 PM
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| Oversight Board: |
Facebook Oversight Board upholds Trump's suspension, but asks Facebook to review the decision within six months to determine a penalty consistent with its rules — The Board has upheld Facebook's decision on January 7, 2021, to restrict then-President Donald Trump's access to posting content on his Facebook page and Instagram account.
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| Makena Kelly / The Verge: |
After teasing a new social media platform, Trump debuts a new section on his website that's effectively a blog — A true poster never logs off for long — After months of promising his own social media network for banned posters, former President Donald Trump on Tuesday launched a new section …
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| Shoshana Wodinsky / Gizmodo: |
Signal says Facebook shut down its ad account over an Instagram ad campaign that showed the user data Facebook collects to sell ads — A series of Instagram ads run by the privacy-positive platform Signal got the messaging app booted from the former's ad platform, according to a blog post Signal published on Tuesday.
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| Queenie Wong / CNET: |
Facebook is rolling out Neighborhoods, which helps people get to know their neighbors and local community, in four US cities and Canada — Facebook is testing a new tool aimed at helping people get to know their neighbors and local communities, taking on social media app Nextdoor.| Paul Vigna / Wall Street Journal: |
Crypto-focused financial services company Galaxy Digital acquires BitGo, which makes multi-signature cryptocurrency wallets, for $1.2B in cash and stock — Purchase coincides with a nearly yearlong rally in the sector, whose market value has surged to $2 trillion| Taylor Lorenz / New York Times: |
Profile of MrBeast, the most subscribed YouTuber in the US, who took a bumpy road to fame through stunt philanthropy, as he branches out into other businesses — Jimmy Donaldson, 22, is out to become the Elon Musk of online creators. — Jimmy Donaldson, 22, a YouTube megastar better known as Mr. Beast … | Bobby Allyn / NPR: |
US appeals court rules that Snap could be sued for a fatal car crash, involving its “speed filter”, saying Sec. 230 doesn't apply to the design of the app — Three young men got into a car in Walworth County, Wis., in May 2017. They were set on driving at rapid speeds down a long … | Nick Statt / Protocol: |
At trial, Tim Sweeney contends that the App Store taking “30% off of the top” is an existential threat to Fortnite becoming a metaverse or platform for creators — Epic CEO Tim Sweeney finished his time on the stand Tuesday afternoon, during day two of the Epic v. Apple trial.
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The Verge, Softpedia News, Philip Elmer‑DeWitt, and GamesIndustry.biz
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| Chance Miller / 9to5Mac: |
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| Alexander Osipovich / Wall Street Journal: |
Berkshire Hathaway's stock is growing past $421K+, a problem for stock exchanges like Nasdaq that use compact digital format with a limit of $429,496.7295 — Warren Buffett won't split shares, which are fast approaching Nasdaq's limit — Berkshire Hathaway Inc. is trading …
Tweets: @jasonzweigwsj and @alphavulture
| Salvador Rodriguez / CNBC: |
Facebook says that Workplace has 7M paid subscribers, up 40% YoY, as it announces new features, like Microsoft 365 and G-Suite calendar integrations — - Facebook's Workplace enterprise communications software has now reached 7 million paid subscribers. — The milestone is up 40% from 5 million last May.
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About Facebook, Social Media Today, Light Reading, Neowin, and cloudpro.co.uk
| Adam Janofsky / The Record: |
Study: 60% of 73 K-12 apps from 38 schools in 14 states across the US send student data to a variety of third parties, roughly 50% to Google and 14% to Facebook — The COVID-19 pandemic has pushed schools around the country to adopt and rely heavily on new technology.
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Me2B Alliance, Softpedia News, Gizmodo, SlashGear, Laptop Mag, and The Register
Tweets: @therecord_media, @johnwilander, @thezedwards, @peterwsinger, @wolfiechristl, and @thezedwards
| Carmen Reinicke / CNBC: |
Dogecoin's price surged roughly 40% on Tuesday, reaching a market cap of $69B, up 11,000% YTD, and making Dogecoin the fourth-largest cryptocurrency — The latest cryptocurrency star is a coin named after a meme of a Shiba Inu dog that was started as a joke.
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Decrypt, Gemini, The Verge, Slate, Cointelegraph, MarketPulse, and BTCMANAGER
Tweets: @tyler, @cameron, @tracyalloway, @biancoresearch, @film_girl, and @jyarow
| Apple: |
Apple awards $410M from its Advanced Manufacturing Fund to II-VI, which manufactures lasers used in Face ID and lidar scanner — Apple and II-VI's collaboration will support more than 700 manufacturing jobs across the US — CUPERTINO, CALIFORNIA Apple today announced a new $410 million award …
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MacRumors, AppleInsider, 9to5Mac, Apple Must, iPhone in Canada Blog, The Mac Observer, and iMore
| Elizabeth Culliford / Reuters: |
Twitter says it received a record 49,000 responses globally to a survey on handling world leaders who break Twitter's rules — Twitter Inc (TWTR.N) has received a record number of responses to a survey on how it should handle world leaders on its site, a spokeswoman said on Tuesday … | Zack Whittaker / TechCrunch: |
Researcher details a Peloton API bug that let anyone access private account info, which initially went unpatched until a reporter contacted Peloton — But the company won't say if it has evidence of malicious exploitation. — Halfway through my Monday afternoon workout last week … | Sarah Perez / TechCrunch: |
Apple announces “Search tab campaigns” for App Store, a new ad unit that lets developers promote apps alongside the Suggested list of results — At the same time as it's cracking down on the advertising businesses run by rivals, Apple is introducing a new way for developers to advertise on the App Store.| Ron Miller / TechCrunch: |
Timescale, which develops the open source TimescaleDB time series database, raises $40M Series B led by Redpoint Ventures, bringing its total raised to ~$70M — Timescale, makers of the open source TimescaleDB time series database, announced a $40 million Series B financing round today.
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FinSMEs, VentureBeat, and Business Wire
| Rebecca Szkutak / Forbes: |
Nearby, which lets users buy from multiple local businesses and checkout through one cart, raises $21M Series A led by Redpoint Ventures — Last March, as the physical world went offline, April Underwood watched her neighborhood businesses struggle to survive as foot traffic evaporated …
Tweets: @alexrkonrad
| Nikkei Asia: |
Chinese chip companies are auditing their supply chains to replace US imports with domestic suppliers, in a quest for self-sufficiency following US sanctions — How Washington's sanctions boosted China's semiconductor sector — TAIPEI — Once a month, senior executives … | Kim Lyons / The Verge: |
Basecamp CEO apologizes to staff without announcing any further policy changes and says Basecamp would be “rooting for” employees who recently left the company — The software company has been under fire for how it handled employees' concerns about cultureSponsor Posts
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