| The Verge: |
Meta rolls out a test for some creators to sell virtual items and effects in Horizon Worlds, which will take a 25% cut of any sale after app store fees — Horizon Worlds will take a 25 percent cut of any sale after app store fees — Meta is testing new features to let creators … | Andi Ortiz / The Wrap: |
Last Week Tonight's John Oliver weighed in on data brokers, showing how easy it was to target members of Congress with ads after obtaining their personal info — John Oliver escalated his typical shenanigans on Sunday night's episode of “Last Week Tonight,” going from poking fun at politicians to outright blackmailing them.| Olga Kharif / Bloomberg: |
Ethereum developers launch the so-called mainnet shadow fork, a key stress test ahead of the proof-of-stake Merge upgrade, expected to reduce energy use by ~99% — Ethereum's network is inching closer toward its much-anticipated software upgrade known as the Merge, having just entered a key testing step.| Janko Roettgers / Protocol: |
Netflix is rolling out a Double Thumbs Up ratings option, which will appear next to the thumbs up and down buttons, to let it refine content recommendations — For nearly five years, Netflix has had simple thumbs-up and thumbs-down icons to express viewing preferences and help its algorithms provide better recommendations.| Bhanvi Satija / Reuters: |
Research: TikTok's ad revenue is projected to triple in 2022 to $11B+, surpassing Twitter and Snapchat combined, which are expected to make $5.58B and $4.86B — Video-sharing app TikTok's advertisement revenue is likely to triple in 2022 to more than $11 billion, exceeding the combined sales … | Max A. Cherney / Protocol: |
Filing: Chipmaker Ampere Computing, founded by former Intel president Renee James, has filed for an IPO; Oracle reportedly has a 20%-50% stake in Ampere — Oracle-backed server processor startup Ampere Computing said Monday that it plans to go public, filing initial confidential paperwork with the SEC.| Brad Stone / Bloomberg: |
Marc Andreessen has tweeted ~350 times in the past two weeks, often referring to “the current thing” meme, joined by Elon Musk and others — Three of America's top technologists are talking and tweeting with unusual fervor. But first... - Beijing is targeting tech companies' algorithms| Bloomberg: |
Sources: Singapore-based fashion marketplace Zilingo suspends CEO Ankiti Bose, after attempts to raise $150M-$200M led to an investigation over its accounting — Zilingo Pte, one of Singapore's highest-profile startups, has suspended Chief Executive Officer Ankiti Bose after an effort … | Dina Bass / Bloomberg: |
Some business customers say Microsoft's licensing rules make it harder and costlier to run Windows and Office on rival cloud platforms like AWS and Google Cloud — The current tide of antitrust scrutiny and regulations focused on big technology companies has conspicuously omitted one company … | Jill R Shah / Bloomberg: |
Filing: Meta spent $26.8M on Mark Zuckerberg's security in 2021, up 6% from 2020, far above other execs, such as Sundar Pichai ($4.3M) and Jeff Bezos ($1.6M) — The cost of keeping Mark Zuckerberg safe keeps going up for Meta Platforms Inc., far outstripping what similar technology companies with high-profile executives are spending.| Megan Graham / Wall Street Journal: |
IAB: US digital ad spend rose 35% YoY to $189B in 2021, the largest gain since 2006; 10 publishers and platforms took 78.6% of the total, up from 78.1% in 2020 — Advertising has followed shopping online during the pandemic at a breathless rate. The ad spend was concentrated—78.6% … | Taylor Hatmaker / TechCrunch: |
Meta has sent ~90 subpoenas related to the FTC's antitrust case to companies including Dispo, which says the requests are “overbroad, vexatious, and harassing” — On a quest to show the FTC that it isn't a monopoly, Meta flooded a wide swath of major tech companies with subpoenas last month.| Amanda Silberling / TechCrunch: |
Over 14,000 Etsy sellers start a week-long strike over an increase in transaction fees from 5% to 6.5%, grievances with Etsy's Offsite Ads program, and more — If you're in the market for funky trinkets and unique, handmade clothing, you might want to put off your shopping until next week.| Eli Tan / CoinDesk: |
Coinbase will produce a movie trilogy based on the Bored Ape Yacht Club, set to premier at NFT.NYC in June; BAYC owners can submit their apes for consideration — The trio of films will tie into the launch of Coinbase's long-awaited NFT marketplace. — The Bored Ape Yacht Club is getting … | Reuters: |
Epic Games, which makes Fortnite, raises $2B from Sony and KIRKBI, the holding company behind LEGO, at a $31.5B post-money valuation — Epic Games said on Monday it had raised $2 billion from Sony Group Corp (6758.T) and the family owned holding company behind the Lego Group, giving the “Fortnite” maker a valuation of $31.5 billion.| Maria Chutchian / Reuters: |
Cloud services provider Sungard files for bankruptcy with $424M in secured debt, its second bankruptcy filing in three years — (Reuters) - Technology company Sungard Availability Services returned to bankruptcy on Monday about three years after wrapping up its prior Chapter 11 case.
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