Techmeme
May 11, 2021, 4:50 AM

Top News

Eamon Javers / CNBC:
DarkSide, the group behind the pipeline attack, claims it wants to make money, not cause “problems for society”, and it'll add “moderation” to picking targets  —  - A hacker group called DarkSide is behind the cyberattack on Colonial Pipeline that shut down a major oil pipeline over the weekend.
Wall Street Journal:
Colonial Pipeline, which carries 45% of fuel consumed on the US East Coast, says it halted operations due to a ransomware attack  —  Colonial Pipeline carries roughly 45% of gasoline and diesel fuel consumed on the East Coast  —  The main pipeline carrying gasoline and diesel fuel …
Dustin Volz / Wall Street Journal:
Bloomberg:
Mitchell Clark / The Verge:
Facebook says it's testing a prompt that encourages users to open unread articles before sharing them, about a year after Twitter debuted a similar prompt  —  The new pop-up is being tested starting today  —  Facebook has announced on Twitter that it will start testing a pop-up that asks users …
Ian Hamilton / UploadVR:
Sources: Sony's next-gen VR headset for PlayStation 5 will have improved resolution of 2000×2040 per eye, inside-out tracking, foveated rendering, and more  —  Sony's next-generation VR headset for PlayStation 5 has significantly higher resolution, inside-out tracking, a vibration motor …
Takashi Mochizuki / Bloomberg:
Issie Lapowsky / Protocol:
AGs from 44 states urge Facebook to abandon plans to launch a version of Instagram for kids under 13, citing research about the harm social media can cause kids  —  In a letter sent to Mark Zuckerberg Monday, attorneys general from 44 states urged the Facebook CEO to abandon plans to launch a version of Instagram for kids under 13.
Ben Bergman / dot.LA:
Docs show that Bird is preparing to go public via a SPAC merger at $2.3B valuation; Bird expects to trim adjusted EBITDA loss to $96M in 2021 vs. $183M in 2020  —  Bird Rides, the Santa-Monica e-scooter company that was once a startup darling but saw ridership plunge during the pandemic …
MacKenzie Sigalos / CNBC:
Roblox reports Q1 revenue grew 140% YoY to $387M, DAUs rose 79% YoY to 42.1M, and users spent 9.7B hours on the platform, up 98% YoY; stock up 5%+ after hours  —  - In Q1, Roblox reported a loss per share of 46 cents, the company reported on Wednesday.  — It also brought in $387 million of revenue.
Eric Lipton / New York Times:
Overview of the major uptick in spending on lobbying in the US by crypto organizations like Coinbase, Ripple, and trade groups like the Blockchain Association  —  Companies behind digital currencies are rushing to hire well-connected lobbyists, lawyers and consultants as the battle over how to regulate them intensifies.
Tim Hardwick / MacRumors:
Apple awards $45M from its Advanced Manufacturing Fund to Corning, bringing its total investment in the precision glass maker to $495M  —  Apple today announced it is awarding its longtime iPhone, iPad, and Apple Watch glass supplier Corning an additional $45 million from its Advanced Manufacturing Fund …
Ari Levy / CNBC:
Cloud stocks plunge to six-month low, with Snowflake among the worst performers, closing at $193.82, down from about $314 in mid February  —  - An index of cloud software stocks dropped for the seventh day in eight days, reaching its lowest since November.  — Investors have been moving …

Sponsor Posts

Upwork:
Key Takeaways from Season 1 of Work Unlocked  —  Look at work in a whole new way with insights from Work Unlocked, a podcast featuring business leaders, future-of-work experts, and freelancers helping to drive innovation.
Climate Draft:
Join, advise, or invest in climate startups in 2022  —  We're mobilizing top tech talent to work with leading climate startups.  Sign up to be the first to know about future Climate Drafts and how you can participate.
Techmeme Leaderboards:
Find out who the top reporters are in 43 different tech categories  —  Who are the most influential writers on topics like AI, VR, IoT, or e-commerce?  We've analyzed Techmeme's news crawl data to find out.
Techmeme Ride Home:
(TWTR SPC) That Feeling When You Almost Buy The Constitution
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:50 AM ET, May 11, 2021.

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.

More News

Kurt Schlosser / GeekWire:

Earlier Picks

Rita Liao / TechCrunch:
Damon Beres / VICE:
Wayne Ma / The Information:
John D. McKinnon / Wall Street Journal:
José Adorno / 9to5Mac: