Techmeme
May 27, 2021, 1:45 PM

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
Casey Newton / Platformer:
Instagram's test to hide Like counts highlights a lesson that social networks are reluctant to learn: one-size-fits-all policies are making users miserable  —  PLUS: WhatsApp sues India  —  In April 2019, amid growing questions about the effects of social networks on mental health …
Sarah Perez / TechCrunch:
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 …
Ari Levy / CNBC:
Snowflake says it no longer has an HQ, and designates Bozeman, Montana, where its CEO and CFO live, as its executive office, because it's required by the SEC  —  - Snowflake said in its earnings release on Wednesday that it no longer has a corporate headquarters, as its workforce is “globally distributed.”
Sujeong Lim / Counterpoint Research:
Global smartwatch shipments rose 35% YoY in Q1 2021; market leader Apple grew 50% YoY to increase its market share by 3% points while Samsung grew 27% YoY  —  - Apple registers a healthy 50% annual growth, capturing a third of the smartwatch market in terms of volumes.
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 …
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 …
Bloomberg:
As China cracks down on its tech giants, Tencent, Alibaba, and Meituan warn investors they will invest heavily in AI, cloud computing, and autonomous vehicles  —  - Tencent, Alibaba plan to plow back incremental profits  — Meituan is set to report wider losses as it boosts investment
Margherita Beale / Forbes:
Boston-based Perch, which acquires fast-growing Amazon businesses, raises $775M Series A led by SoftBank Vision Fund 2, bringing its total funding to $900M+  —  Perch landed $775 million of investor funding that will make the 18-month-old startup one of the best-funded players chasing …
Varsha Bansal / Wired UK:
As India opens the API for its CoWin vaccine booking system to all amid a devastating second wave, profiteers are mass-booking vaccine slots using bots  —  The Indian government made its booking API free to everyone.  Bots, profiteers and automation have made it impossible for people to book slots
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:
Aimee Chanthadavong / ZDNet:
Lenovo reports revenue of $60B for FY20, up 20% YoY, net income of $665M, up 77% YoY, and says Q4 was its “fastest growing quarter in almost a decade”  —  Lenovo has celebrated what it has dubbed as achieving ‘historic highs’ for FY21.  —  Lenovo Group has seen revenue surge past …

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Brian Armstrong / The Coinbase Blog:
Dean Takahashi / VentureBeat:
Jeff John Roberts / Decrypt:
Hartley Charlton / MacRumors:
Annie Palmer / CNBC: