Techmeme
May 21, 2021, 9:55 AM

Top News

Alex Heath / The Verge:
Snap unveils its first AR glasses, with four built-in microphones, two stereo speakers, and a touchpad, and says it will test them with some AR effects creators  —  The fourth-gen glasses have built-in AR displays  —  Snap's new Spectacles glasses are its most ambitious yet.
Kerry Flynn / CNN:
Annie Palmer / CNBC:
Amazon is shutting down its standalone Prime Now app and website by the end of the year and moving the fast delivery service to the Amazon app and website  —  - Amazon will discontinue its standalone Prime Now app and website by the end of this year, the company announced Friday.
The Verge:
Twitter is rolling out its new verification program, with revamped categories that include activists and journalists, and previews upcoming changes to profiles  —  It also previewed potential changes coming to profiles  —  Twitter is relaunching its public verification program, allowing anyone to apply for a coveted blue check mark.
Reuters:
Federal Reserve Chair Powell discusses the risks of cryptocurrencies and sets a timeline for a Fed discussion paper on a possible central bank digital currency  —  Federal Reserve Chair Jerome Powell flagged the risks of cryptocurrencies in an unusual video message on Thursday that also laid …
Thomas Franck / CNBC:
US Treasury announces it will require any cryptocurrency transfers worth $10,000+ to be reported to the IRS, saying cryptocurrencies pose a tax evasion risk  —  - The Treasury Department announced that it will require any transfer worth $10,000 or more to be reported to the IRS.
Bloomberg:
Sources: CNA Financial, one of the largest insurance companies in the US, paid $40M in late March to regain control of its network after a ransomware attack  —  CNA Financial Corp., among the largest insurance companies in the U.S., paid $40 million in late March to regain control of its network …
Sarah Perez / TechCrunch:
Apple launches an affiliate program for paid podcast subscriptions, letting users earn a one-time commission of 50% of a podcast's monthly subscription price  —  Apple last month unveiled its plans for paid podcast subscriptions in a newly redesigned Apple Podcasts app.
Mark Bergen / Bloomberg:
How Apple, Microsoft, Google, and Amazon are lobbying to kill “right to repair” bills, with half of all bills in 27 US states already voted down or dismissed  —  Justin Millman has always fixed things.  He tinkered with gadgets growing up before opening a repair shop in Westbury …
Issie Lapowsky / Protocol:
Democratic Reps. Trahan and Castor introduce the Social Media DATA Act, which would force large platforms to share ad targeting data with researchers and FTC  —  Facebook's ad library allows researchers to see the content of ads that run on the platform and information on who those ads reach.
Parmy Olson / Wall Street Journal:
Sources: DeepMind sought autonomy from Google, aiming to keep its AI from being controlled by a single corporate entity, but Google nixed those plans last month  —  Alphabet cuts off yearslong push by founders of the artificial-intelligence company to secure more independence

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Earlier Picks

Wall Street Journal:
Sarah Perez / TechCrunch:
Jason Rosenthal / The Keyword:
Jacob Krol / CNN: