Techmeme
June 8, 2021, 6:05 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 …
Thomas Grove / Wall Street Journal:
Russia has been pressuring social media platforms like YouTube and Twitter to remove anti-government content and police its critics, and it seems to be working  —  Kremlin uses Twitter and other platforms to advance its goals overseas, but is now trying to prevent its opponents from using the same tools

Sponsor Posts

Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Prospect:
A running list of the best startups to join  —  We've analyzed thousands of startups using the same data VCs use and distilled our list down to the top 2%.  Discover and join the next Stripe, Airbnb, or Coinbase today.
Zoho:
The evolution of remote support in telecommunications  —  Remote support, once a novel concept, has now become an indispensable tool in the telecom industry.  It offers a way to troubleshoot issues …
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more  —  We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics.  Download reports immediately for just $100.
Big Technology Podcast:
OpenAI's Big Week, Did Google Kill The Web, AWS CEO Resigns
The Big Technology Podcast, hosted by journalist Alex Kantrowitz, takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Techmeme Ride Home:
Fri. 05/17 - Reddit Embraces Its AI Role
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:05 PM ET, June 8, 2021.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks

Reuters: