Techmeme
May 26, 2021, 7:25 PM

Top News

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.
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.
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.
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 …
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).
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.
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 …
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.
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.
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  —  Elevate your enterprise data technology and strategy at Transform 2021.  —  Nvidia reported revenues of $5.66 billion for its first fiscal quarter ended …
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.
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 …
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
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 …
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.
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
More: The Verge, Engadget, and PCMag
Tweets: @jchengwsj, @wsj, and @somospostpc
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
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
Fadeke Adegbuyi / Cybernaut - Every:
Gen Z students are studying together online across YouTube, TikTok, Discord, and Twitter, seeking inspiration, finding focus, and sharing academic anxieties  —  In late 2020, a 10-hour loop of a song from Mario Kart titled “Coconut Mall” started blowing up on Youtube.

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