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May 26, 2021, 7:50 PM
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| Annie Palmer / CNBC: |
Amazon says it will acquire MGM Studios for $8.45B, its second-largest acquisition since it paid $13.7B for Whole Foods in 2017 — - Amazon is buying MGM Studios, the companies announced, marking Amazon's most ambitious move yet into the entertainment business.
More:
TechCrunch, The Verge, Axios, Variety, New York Times, Bloomberg, ZDNet, Fortune, CNN, Business Wire, Protocol, VICE, Hollywood Reporter, Wall Street Journal, Variety, Tom's Guide, thegamer.com, IGN India, The Streamable, SiliconANGLE, Ars Technica, Engadget, BBC, BGR, Insider, 9to5Mac, Telecoms.com, PCMag, SlashGear, Wired, and TechRadar
Tweets: @bradstone, @davidcicilline, @hawleymo, @harrymccracken, @mattyglesias, @senblumenthal, @mrbrianfirenzi, @tha_rami, @sarafischer, @geronimo_73, @lanceulanoff, @toddbishop, @ourand_sbj, @zephyrteachout, @a_webster, @brianstelter, @zlurie, @levynews, @dannysullivan, @rustybrick, @quinnypig, @jeremyhobson, @dorseyshaw, @thedomino, @levie, @andybeard, @richardlai, @sonnybunch, @mattmcgee, @repkenbuck, @shiraovide, @erikdavis, @loudmouthjulia, @caseynewton, @snazzyq, and @kcoxdc
| Peter Kafka / Vox: |
With its MGM acquisition, Amazon doesn't want to compete with streamers like Netflix but reduce Prime subscriber churn by providing enough blockbuster content — Amazon isn't competing with Netflix, but it is spending billions trying to figure out Hollywood. Maybe 007 can help.
More:
Variety, TechCrunch, New York Times, Protocol, GeekWire, Gizmodo, Bloomberg, The Hollywood Reporter, MUO, The Register, Invezz, phonearena.com, Polygon, Gizchina, Input, PYMNTS.com, Game Rant, MacRumors, Android Central, AFTVnews, CNBC, AndroidGuys, Trusted Reviews, NBC News, HotHardware.com News, and KnowTechie
Tweets: @blocktimusprime, @patrickvons, @pkafka, @pkafka, @pkafka, and @stevekovach
| Kurt Wagner / Bloomberg: |
Facebook says it will limit the distribution of all posts from personal accounts that routinely spread misinformation — Facebook Inc. will begin doling out harsher punishments for individual accounts that repeatedly share false or misleading posts, an expansion of the social network's efforts to crack down on misinformation.
More:
About Facebook, Protocol, Social Media Today, Reclaim The Net, The Verge, 9to5Mac, and MUO
Tweets: @donie, @kurtwagner8, @karissabe, @viacristiano, @fboversight, @jason_kint, @mbfhunzaker, @kgoldshlager, @briannajanuary, @dpfunke, @karissabe, and @kantrowitz
| Elizabeth Dwoskin / Washington Post: |
Facebook says Russia is still the largest producer of disinformation, in a report that details 150 operations that the company has disrupted since 2017 — Report explores how issue has evolved in recent years — A Facebook report released Wednesday says that Russia is still the largest producer …
More:
About Facebook, Voice of America, Social Media Today, Tech Xplore, TechCrunch, and The Hill
Tweets: @benimmo, @olgs7, @ngleicher, @ngleicher, @jason_kint, @benimmo, @alexstamos, @benimmo, @benimmo, @lageneralista, @ngleicher, @cbs_herridge, @ngleicher, @alexstamos, @olgs7, @olgs7, @alexstamos, @nickclegg, @marietjeschaake, @olgs7, and @jason_kint
| Hartley Charlton / MacRumors: |
Apple removes an app, discovered by a developer, that required at least a three-star review before people could use it — An app that demanded at least a three-star review to function got through the App Store review process, it has been found (via The Verge).
More:
The Verge, Michael Tsai, iMore, 9to5Mac, iPhone Hacks, iThinkDifferent, AppleInsider, iPhone in Canada Blog, and MacRumors
Tweets: @keleftheriou, @tolmasky, @_inside, @keleftheriou, @murtz_abidi, @tolmasky, and @keleftheriou
| Sarah Perez / TechCrunch: |
Facebook and Instagram now give users options to hide Like counts across all posts and to hide their own public Like counts from others — Facebook this week will begin to publicly roll out the option to hide Likes on posts across both Facebook and Instagram, following earlier tests beginning in 2019.
More:
About Facebook, PCMag, The Information, Facebook Research, Android Police, Good Morning America, CNN, Tech.co, Pocket-lint, The Verge, Neowin, TestingCatalog, Bloomberg, Social Media Today, Tom's Guide, Tubefilter, CNET, The Hill, NBC News, Wall Street Journal, Pocketnow, Variety, The Economic Times, Engadget, Candid.Technology, and Vox
Tweets: @mosseri, @mosseri, @samsheffer, @philngyn, @hansel_mp3, @instagram, @sarahfrier, @taylorlorenz, @sarahfrier, @jason_kint, and @kerrymflynn
| Jay Peters / The Verge: |
Amazon says Andy Jassy will become CEO on July 5, which marks 27 years to the day that Amazon was incorporated — That's Amazon's 27th birthday — Andy Jassy will officially become the CEO of Amazon on July 5th, the company announced at a shareholder meeting on Wednesday.
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CRN, Agence France-Presse, GeekWire, The Economic Times, Mercury News, SiliconANGLE, Variety, Forbes, CNBC, CNET, CNET, USA Today, The Wrap, iDownloadBlog.com, Bloomberg, Trusted Reviews, and CNBC
Tweets: @daveleeft, @daveleeft, and @daveleeft
| Jeff John Roberts / Decrypt: |
PayPal to add third-party wallet transfer support, allowing users to send bitcoin to PayPal and Venmo users as well as to Coinbase and outside crypto wallets — PayPal created a stir in the crypto markets last year when it announced its millions of users could buy and sell Bitcoin.
More:
CoinDesk, Reuters, Insider, TheStreet, ZyCrypto, Finance Magnates, U.Today, NewsBTC, The Block, Bitcoin Magazine, and Crypto Briefing
Tweets: @proftrader12, @thecryptoconomy, @thegreatola, @hodlcelsius, @cryptognomie, and @ziggamon
| Joseph Menn / Reuters: |
WhatsApp has filed a lawsuit in Delhi against the Indian government for its new social media regulations, saying they would break privacy protections — WhatsApp has filed a lawsuit in Delhi against the Indian government seeking to block regulations coming into force on Wednesday that experts …
More:
WhatsApp.com, New York Times, Livemint, Press Information Bureau, androidauthority.com, Gizmodo, The Hacker News, Social Media Today, Gizchina, Android Central, Livemint, Moneycontrol, BuzzFeed News, International Business Times, Voice of America, IT PRO, The Economic Times, TechCrunch, Firstpost Tech, Entrackr, Protocol, Financial Times, MediaNama, and Android Police
Tweets: @meitypib, @internetfreedom, @shiraovide, @nixxin, @internetfreedom, @pranavdixit, @chawdharyishaan, @girishalva, @pib_guwahati, and @pranesh
| Devin Coldewey / TechCrunch: |
OpenAI's Sam Altman announces a $100M startup fund with Microsoft backing aimed at early-stage AI companies, with plans to invest in “probably not more than 10” — OpenAI is launching a $100 million startup fund, which it calls the OpenAI Startup Fund, though which it and its partners … | Sarah Perez / TechCrunch: |
Instagram launches a new shopping section called Drops, helping users find limited supply products, and will temporarily waive fees due to COVID-19 — Instagram today announced it's adding a new feature to help connect online shoppers to product drops through its app.| Dean Takahashi / VentureBeat: |
Nvidia beats with record Q1 revenue of $5.66B, up 84% YoY, with Gaming revenue of $2.76B, up 106% YoY, and Data Center revenue of $2.05B, up 79% YoY — Nvidia reported revenues of $5.66 billion for its first fiscal quarter ended May 2, up 84% from a year earlier. Gaming revenue grew 106% to $2.76 billion.
More:
NVIDIA, ZDNet, The Block, Wall Street Journal, Reuters, Barron's Online, TheStreet, Yahoo Finance, TheStreet, Investor's Business Daily, The Motley Fool, Invezz, IGN, Wccftech, MarketWatch, and CNBC
Tweets: @nickstatt, @smt_watch, and @patrickmoorhead
| Bloomberg: |
ZipRecruiter closes at $21.10 per share after opening at $20, giving it a valuation of ~$2.8B, up from its 2018 valuation of ~$1.5B — - Shares in ZipRecruiter opened at $20 apiece Wednesday — Company's direct listing follows Coinbase, Squarespace — ZipRecruiter Inc. rose …
More:
Crunchbase News, Reuters, Barron's Online, TheStreet, and Investor's Business Daily
| New York Times: |
An overview of Russia's increasingly aggressive attempts to control Google, Facebook, and Twitter, ordering them to store data in Russia and imposing fines — Its campaign is part of a global wave of actions by governments that are testing how far they can go to control online speech.
More:
Reuters, Reuters, The Independent, Meduza.io, KyivPost, TASS, and Neowin
Tweets: @nytimes, @davidakaye, @jilliancyork, @evelyndouek, and @satariano
| Lauren Hepler / San Francisco Chronicle: |
San Jose approves Google's plans for a downtown campus with 4K new homes, 7M+ square feet of office space, 15 acres of parks, and 500K of retail and other space — After more than three years of negotiations, San Jose officials voted late Tuesday to approve Google's plan for a sprawling downtown campus …
More:
CNBC, 9to5Google, Engadget, The Verge, Mercury News, and New York Post
Tweets: @jonfortt, @carlquintanilla, @jowyang, and @mayavada
| Jordan Novet / CNBC: |
Snowflake beats with Q1 revenue of $228.9M, up 110% YoY, as net loss swelled to $203.2M from $93.6M last year; year to date, its stock is down ~17% — - Snowflake's revenue beat estimates for the quarter as losses mounted. — Goldman Sachs upgraded Snowflake stock to buy earlier …
More:
CRN, Business Wire, Bloomberg, ZDNet, Barron's Online, Forbes, Investor's Business Daily, and MarketWatch
| Patrick Sykes / Bloomberg: |
Iran says it is banning cryptocurrency mining until September 22 after a series of power blackouts across major cities — - Iran blames crypto mining and drought for recent outages — Government says 85% of mining activity is unlicensed — Follow us @crypto for our full coverage.
More:
BBC, The Verge, Reuters, Al Jazeera, CNBC, Cointelegraph, and Financial Times. Tweets: @neloangelo314
| Tiernan Ray / ZDNet: |
Zscaler stock rose ~12% on Wednesday after reporting Q3 earnings beat and announcing it will acquire India-based cybersecurity company Smokescreen Technologies — Zscaler said Smokescreen will help with ransomeware attacks and zero-trust security. — Cyber-security firm Zscaler … | Melanie Evans / Wall Street Journal: |
Google partners with US hospital chain HCA Healthcare to develop algorithms to improve operating efficiency, monitor patients, and guide doctors' decisions — Tech giant expands health-sector presence in latest deal to develop tools to improve medical care, as privacy concerns arise
More:
HCA Today, medcitynews.com, PYMNTS.com, The Verge, and Tech Xplore
Tweets: @wsj, @jjwurology, @pjputh, @stefaniei, @silvermanjacob, @repkenbuck, and @iamstarnord
| Stephen Shankland / CNET: |
USB standards body unveils its USB-C 2.1 revision, which supports power up to 240W, up from 100W currently, aimed at devices like 4K displays and gaming laptops — An upgrade to the USB-C standard will accommodate levels of up to 240 watts, an improvement that could let you plug power-hungry devices … | Javier Espinoza / Financial Times: |
Sources: European Commission will open a formal antitrust probe into Facebook to investigate if it's undermining competition in the online classifieds market — European Commission will investigate if Facebook is undermining competition in the online classifieds market| Martin Tisne / MIT Technology Review: |
Lawmakers focus on protecting individuals from big tech when they should develop laws focusing specifically on collective data rights to prevent harm to society — Protecting individual data is not enough when the harms are collective — Every person engaged with the networked world constantly creates rivers of data.
Tweets: @hackylawyer, @martintisne, @martintisne, @rafa_zanatta, @martintisne, and @protonmail
| DFRLab: |
Analysis of 40M pieces of QAnon content from 1/20 to 4/21: Facebook, Twitter, and others have successfully expelled most of the content after it peaked in 6/20 — The conspiracy's followers on alternative platforms have failed to out-post their counterparts on mainstream ones
More:
Axios, Reuters, and Forbes
Tweets: @justinflood, @dfrlab, @dfrlab, @ashleyrgold, @dfrlab, @dfrlab, @jaredlholt, and @dfrlab
| Trefor Moss / Wall Street Journal: |
Tesla says it will store all data generated from cars in China in a new data center there, after facing scrutiny in the country for handling vehicle data — U.S. electric-car maker has faced scrutiny in China of its handling of potentially sensitive vehicle data| Ingrid Lunden / TechCrunch: |
Rewatch, which builds tools to index, transcribe, and store enterprise video content, raises $20M Series A led by Andreessen Horowitz — We don't hear as much these days about “Zoom fatigue” as we did in the first months after the Covid-19 pandemic kicked off last year … | Madhumita Murgia / Financial Times: |
England's NHS says it will pool medical histories of 55M people, including mental and sexual health info, to share with third parties; opt-out date is June 23 — 55m patients have until June 23 to opt out of having their health data scraped into a new database
Tweets: @foxglovelegal, @foxglovelegal, @financialtimes, and @we_ownit
| Bloomberg: |
Sources: Uber plans to recognize a trade union for its 70K drivers in the UK giving them more power to collectively bargain, while preserving its worker model — - The GMB labor group will represent Uber's 70,000 U.K. drivers — Drivers will retain ability to choose where and when they work
More:
adcu.org.uk, The Guardian, Financial Times, and Protocol
Tweets: @josheidelson, @groomb, @nicoemoe, and @josheidelson
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