Techmeme
April 22, 2022, 9:30 PM

Top News

Cecilia Kang / New York Times:
As the EU prepares its third landmark tech law in the past few years, the US has enacted only two narrow federal tech laws in the past 25 years  —  Federal privacy bills, security legislation and antitrust laws to address the power of the tech giants have all failed to advance in Congress …
Javier Espinoza / Financial Times:
The EU finalizes the Digital Services Act, forcing social networks to toughen content moderation, reduce Google and Meta's ad targeting of minors, and more  —  Companies such as Google and Facebook must moderate content more actively in regulatory clampdown
Bloomberg:
Sources detail how Elon Musk convinced Morgan Stanley and 11 other banks to back his Twitter bid, including ideas on how to run the business and boost revenue  —  Publicly, Elon Musk has said he doesn't care about the economics of owning Twitter Inc.  —  But during a hectic …
Lauren Feiner / CNBC:
Ryan Browne / CNBC:
Stripe now lets companies pay users in cryptocurrencies via USDC, starting with Twitter paying some creators in crypto for Ticketed Spaces and Super Follows  —  - Online payments firm Stripe says it will start offering merchants the ability to pay their users in cryptocurrency through the stablecoin USDC.
Reuters:
An investigation details how Binance built ties with the Russian government, including handing over data on opposition leader Alexei Navalny in April 2021  —  In April 2021, Russia's financial intelligence unit met in Moscow with the regional head of Binance, the world's largest crypto exchange.
Naomi Nix / Washington Post:
Mia Sato / The Verge:
Jane Manchun Wong: Twitter is working on a feature codenamed “Vibe” that would let users set a status on a per-tweet basis or on a profile level  —  Status updates could appear on tweets or on profiles  —  Twitter is reportedly working on a feature that allows users to set a status, codenamed “Vibe.”
Heather Somerville / Wall Street Journal:
Ukrainians are replacing DJI drones with BRINC, Skydio, and other US-made drones after unexplained failures with the Chinese company's equipment during the war  —  U.S. drone makers spot opportunity as use of drones from China-based DJI sparks security concerns
Brian Krebs / Krebs on Security:
Leaked chat logs: Lapsus$ hacked T-Mobile multiple times in March and stole some projects' source code; T-Mobile says no customer or government info was stolen  —  KrebsOnSecurity recently reviewed a copy of the private chat messages between members of the LAPSUS$ cybercrime group …
Joe Flint / Wall Street Journal:
Sources: after churning out 500+ original programs in 2021, Netflix is looking to rein in costs and add fewer new titles with a greater emphasis on quality  —  Streaming service spent lavishly on productions to win subscribers, but now growth has slowed  —  For Netflix Inc., NFLX -3.47% ▼ the era of carefree spending is over.
Ash Parrish / The Verge:
The NLRB rules that 21 QA employees at Activision Blizzard's Raven Software unit are allowed to have a union election; they have until May 20 to submit ballots  —  The employees have until May 20th to submit their ballots  —  Twenty-one Raven Software QA employees have until May 20th …

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New York Times:
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