Techmeme
June 8, 2021, 6:00 PM

Top News

TechCrunch:
Many large websites went down Tuesday, including Amazon, Twitch, BBC, NYT, Spotify, Reddit, and FT, due to an issue at the Fastly CDN, which has now been fixed  —  Countless popular websites including Reddit, Spotify, Twitch, Stack Overflow, GitHub, gov.uk, Hulu, HBO Max, Quora, PayPal …
Catalin Cimpanu / The Record:
In a huge sting operation, FBI and Australian Federal Police ran an encrypted chat service AN0M for 3+ years to intercept messages between criminals globally  —  The FBI and Australian Federal Police ran an encrypted chat platform and intercepted secret messages between criminal gang members …
Adam Mosseri / Instagram:
In the first of a series of blog posts, Instagram explains how it ranks Feed, Stories, Explore, and Reels, and addresses “shadowbanning” accusations  —  It's hard to trust what you don't understand.  We want to do a better job of explaining how Instagram works.
Kevin Roose / New York Times:
As Uber and Lyft aim to become profitable this year, it seems like a golden era of VC-subsidized services, from Uber to Bird and MoviePass, is coming to an end  —  The price for Ubers, scooters and Airbnb rentals is going up as tech companies aim for profitability.
ProPublica:
Leaked IRS data shows how billionaires manage to pay little in income tax; in 2007 and 2011, Jeff Bezos paid zero income tax, and Elon Musk did the same in 2018  —  The Secret IRS Files  —  In 2007, Jeff Bezos, then a multibillionaire and now the world's richest man, did not pay a penny in federal income taxes.
Sarah Perez / TechCrunch:
Apple Music debuts Spatial Audio and Lossless Audio and adds Spatial Audio playlists, says Spatial Audio support is “coming soon” for Android devices  —  Last month, Apple announced it would soon add lossless audio streaming and Spatial Audio with support for Dolby Atmos to its Apple Music subscription at no extra charge.
Joanna Ossinger / Bloomberg:
Chainalysis: American bitcoin traders made $4.1B in profits last year, 3x more than Chinese traders, followed by Japan, UK, Russia, and Germany  —  - Chainalysis ranks top 25 countries by biggest realized gains  — China comes in second, with $1.1 billion in Bitcoin profits
Ryan Browne / CNBC:
Bitcoin slid 7%+ to $32,936 after US seized most of the Colonial Pipeline ransom and is down ~50% from its all-time high of ~$63K; ether and XRP also fell 7%  —  - Bitcoin accelerated its slide to fall below the $32,000 level late Tuesday morning, according to Coin Metrics data.
Wayne Ma / The Information:
Investigation found 100+ online ads for production line jobs at 30+ companies in Apple's supply chain that contained discriminatory language  —  Some of the companies in China that supply Apple with parts for its devices are willing to use workers from the predominantly Muslim group known as Uyghurs …
Sam Byford / The Verge:
Adobe launches M1 Mac-native versions of more Creative Cloud apps including Lightroom Classic and Illustrator, claims 80%+ faster performance than Intel Macs  —  Performance should be about twice as fast as an equivalent Intel Mac  —  Adobe is now shipping new versions of more Creative Cloud apps …
Aoife White / Bloomberg:
Google will show more mobile search apps to choose from on new Android phones in Europe and make participation free for search providers  —  - Company will show more mobile search apps and get rid of a fee  — Google has faced criticism over compliance with an EU order
Bloomberg:
Under G7's proposed tax rules, tech giants like Facebook and Apple would still be unlikely to shift bases from Ireland, which has perks like a low 12.5% rate  —  - Irish incentives such as tax treaties continue to be a draw  — Tech companies have publicly supported the G7 agreement
Oliver Haslam / iMore:
Apple introduces Object Capture, an API on macOS Monterey that enables developers to turn 2D images of real-world objects into 3D models optimized for AR  —  Apple announced a ton of new software updates today and they all need new tools to allow developers to do what they need to if they want to make great apps.
Hugh Langley / Insider:
Sources: in a major leadership shakeup at Magic Leap, its CTO, COO, and chief patent officer are all set to leave, while its former CMO is being hired back  —  - Magic Leap is losing three of its top executives in a leadership shake-up, Insider has learned.  — The CTO, COO, and chief patent officer will exit.
Reuters:
Sources: Apple is in early-stage talks with China's CATL and BYD, two of the world's biggest automotive battery makers, to supply batteries for its planned EV  —  Apple Inc (AAPL.O) is in early-stage talks with China's CATL (300750.SZ) and BYD (002594.SZ), about the supply of batteries …

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