Techmeme
May 27, 2021, 9:50 AM

Top News

Bloomberg:
Sources: Nintendo plans to announce an upgraded Switch ahead of the June E3 conference and release it in September or October, for more than the original's $299  —  - Announcement of new Switch could be made ahead of June's E3  — Suppliers say Nintendo likely to price new model above $299
Jay Peters / The Verge:
Twitter says users can now join Spaces via desktop and mobile web browsers, but can't host rooms on the web just yet  —  You can't host rooms yourself on the web just yet, though  —  You'll be able to join Twitter's Clubhouse-like Spaces from desktop and mobile web browsers starting Wednesday …
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:
Cristiano Lima / Politico:
Facebook says it will no longer take down posts that claim COVID-19 was man-made, following renewed debate about the origins of the virus  —  Facebook will no longer take down posts claiming that Covid-19 was man-made or manufactured, a company spokesperson told POLITICO 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  —  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.
Dan Goodin / Ars Technica:
Researcher details a WebKit flaw, which can lead to a RCE exploit, that remains unpatched by Apple despite the availability of an open source fix for 3 weeks  —  WebKit bug that was fixed upstream has yet to find its way into Apple products.  —  Apple has yet to patch a security bug found …
Karan Deep Singh / New York Times:
Twitter criticizes the Indian government's “intimidation tactics” and says it will push for changes to regulations that give it more authority over online media  —  The social media platform criticized what it called “intimidation tactics,” saying it would push back on new rules …
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.
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).
Brian Armstrong / The Coinbase Blog:
Coinbase CEO Brian Armstrong announces Fact Check, a section of the Coinbase blog to combat misinformation and mischaracterizations about Coinbase or crypto  —  Every tech company should go direct to their audience, and become a media company.  —  As Coinbase and the cryptoeconomy grow …
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:

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Patrick Sykes / Bloomberg:
Martin Tisne / MIT Technology Review:
Sarah Perez / TechCrunch:
Madhumita Murgia / Financial Times:
New York Times:
Sarah Perez / TechCrunch: