Techmeme
March 25, 2022, 6:10 PM

Top News

Daniel Michaels / Wall Street Journal:
The EU and US reach a preliminary deal to store data about Europeans on US soil, after the EU declared the previous pact illegal in 2020  —  Agreement could assuage concerns of companies with operations on both sides of the Atlantic  —  BRUSSELS—The U.S. and the European Union reached …
Mark Gurman / Bloomberg:
Sources: Apple paid $100K to $200K in stock-based bonuses to select software and hardware engineers, after giving similar bonuses in December to retain talent  —  Apple Inc. is paying a small number of engineers another round of special stock bonuses as part of an unusual push to retain key talent …
Russell Brandom / The Verge:
Javier Espinoza / Financial Times:
Apple and Google criticize the newly unveiled Digital Markets Act that will force companies designated as gatekeepers to open up their platforms to competitors  —  Apple and Google criticise newly unveiled Digital Markets Act that will force a radical overhaul of their global operations
Samuel Stolton / Politico:
More: The Verge, European Parliament, TechCrunch, The Verge, The Verge, Politico, Reuters, New York Times, Associated Press, European Commission, Politico, European Council, 9to5Mac, PYMNTS.com, 9to5Mac, BBC, ZDNet, Tech Monitor, Silicon Republic, CNBC, TechCrunch, Ars Technica, XDA Developers, New Scientist, Android Police, TechRadar, Protocol, Big Technology, Protocol, Euractiv, Reuters, Wall Street Journal, MacDailyNews, New York Times, AppleInsider, Variety, Macworld, Input, Chamber of Progress, MobileSyrup, iPhone in Canada Blog, CoinDesk, OnMSFT.com, Computerworld, Gizmodo, Wccftech, The Register, Apple Must, Android Central, Light Reading, Liliputing, The Diff, The Mac Observer, KD's Newsletter, iMore, Axios, Transistori, European Parliament, SiliconANGLE, Engadget, France 24, Social Media Today, The Hill, and Reuters
Naureen S Malik / Bloomberg:
Sources: Exxon is running a pilot to use excess natural gas from North Dakota oil wells to power crypto mining and is considering expanding the test globally  —  Exxon Mobil Corp. is running a pilot program using excess natural gas that would otherwise be burned off from North Dakota oil wells …
Lauren Kaori Gurley / VICE:
A unit of 12 Google Fiber workers in Kansas City, Missouri, becomes the first NLRB-recognized bargaining unit of the Alphabet Workers Union, a branch of the CWA  —  “We're really hoping that we're the first in a line of dominos.”  —  Lauren Kaori Gurley  —  Google Fiber workers in Kansas City …
Bloomberg:
Instacart says it has voluntarily cut its valuation to ~$24B to boost recruiting and retention; Instacart was valued at $39B during its latest raise last March  —  Instacart Inc. is slashing its valuation by almost 40% to about $24 billion, a move it says will help the company attract talent and adapt to market conditions.
Amitoj Singh / CoinDesk:
Indian parliament approves a 30% capital gains tax on crypto transactions, in effect starting April 1  —  Amendments sought by the crypto industry were not accommodated, and the policies will go into effect on April 1.  —  Indians will begin paying a capital gains tax of 30% on crypto transactions …
Juro Osawa / The Information:
Sources: Sequoia China, whose portfolio includes ByteDance and online fashion startup Shein, is in early talks to raise $8B+ across four new funds  —  The Chinese affiliate of Sequoia Capital, whose vast portfolio includes TikTok owner ByteDance and online fashion startup Shein …
New York Times:
The DOJ charges four Russian officials for alleged hacking campaigns from 2012 to 2018 on critical US infrastructure, including a Kansas nuclear power plant  —  The announcement covered hackings from 2012 to 2018, but served as yet another warning from the Biden administration of Russia's ability to conduct such operations.

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Earlier Picks

Mike Peterson / AppleInsider:
Kellen Browning / New York Times:
Adi Robertson / The Verge: