Techmeme
May 11, 2021, 6:35 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:
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 …
@fbnewsroom:
Mitchell Clark / The Verge:
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.
Ken Dilanian / NBC News:
Officials say the DHS has started building a warning system to gather and analyze intelligence about domestic terrorism threats from public social media posts  —  WASHINGTON — The Department of Homeland Security has begun implementing a strategy to gather and analyze intelligence …
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 …

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More News

Kurt Schlosser / GeekWire:

Earlier Picks

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