| Stephen Totilo / Axios: |
NYC employees' pension funds sue Activision Blizzard, alleging CEO Bobby Kotick rushed the Microsoft deal to escape liability for misconduct at his company — Activision CEO Bobby Kotick rushed to secure a takeover bid from Microsoft in order to escape liability for misconduct at the company … | Chris Welch / The Verge: |
Sources: Sonos to launch a voice assistant for music playback in the US on June 1, with support for Apple Music, Amazon Music, Pandora, Deezer, and Sonos Radio — Sonos will roll out its most important service yet on June 1st — Sonos is preparing to introduce its own voice assistant service within … | Jessica Bursztynsky / CNBC: |
Uber Q1: revenue up 136% YoY to $6.85B, a $5.9B net loss due to equity investments, gross bookings up 35% to $26.4B, and mobility revenue beat delivery revenue — - Uber reported first-quarter earnings before the bell Wednesday. — Mobility revenues have finally surpassed delivery revenues, as travel rebounds.| Kyle Alspach / Protocol: |
GitHub plans to require two-factor authentication for developers who contribute code by the end of 2023; ~16.5% of active GitHub users currently use 2FA — GitHub announced that it will require developers who contribute code to the repository to use two-factor authentication by the end of 2023 … | Greg Iacurci / CNBC: |
Intuit will pay $141M in restitution to ~4.4M US customers who were charged for using the TurboTax Free Edition, in a settlement with all 50 states and DC — - Intuit, which owns TurboTax, has agreed to pay $141 million in restitution to 4.4 million low-income customers who were charged … | Benjamin Pimentel / Protocol: |
Gov. Newsom signs an EO seeking to make a “transparent regulatory and business environment” for Web3 companies, directing state agencies to recommend next steps — California, home to crypto powerhouses like Coinbase and Ripple, is taking Web3 more seriously.| Tomio Geron / Protocol: |
Robinhood launches Stock Lending, which gives customers the option to let Robinhood lend out any fully paid stocks in their portfolio for extra income — Small investors will be able to lend out stocks that they own on Robinhood through a new service at the upstart brokerage.| Nilay Patel / The Verge: |
A Q&A with Tony Fadell on his new book, Google's “culture of perks”, why he says “fuck the metaverse”, creating and selling the iPod, iPhone, and Nest, and more — Tony Fadell was instrumental in the development of the iPod and iPhone at Apple and then co-founded Nest Labs … | Sarah Perez / TechCrunch: |
TikTok will launch Pulse, its first ad product with a revenue share program, in the US in June 2022, for eligible creators and publishers with 100K+ followers — TikTok is introducing a new way to lure advertisers to its platform by giving them the ability to showcase their brands' content next to the best videos on TikTok.| Ingrid Lunden / TechCrunch: |
Stripe launches Financial Connections to let customers pull their users' banking data directly, debuting first in the US, costing 10 cents to $1.50 per API call — Stripe, the payments behemoth valued at $95 billion a year ago and now reportedly inching closer to an IPO … | Paul Vigna / Wall Street Journal: |
NonFungible: NFT sales fell 92% to a ~19K daily average this week from a ~225K peak in September 2021; active wallets fell 88% to ~14K from a November 2021 high — Is this the beginning of the end of NFTs? — 1x — The NFT market is collapsing. — The sale of nonfungible tokens … | Eva Mathews / Reuters: |
Dish says it is rolling out its standalone 5G service in Las Vegas, months after its expected September 2021 launch, and plans to reach 120 markets by June — Dish Network Corp (DISH.O) launched its 5G service to consumers in Las Vegas on Wednesday after several months of delays … | Kyle Wiggers / TechCrunch: |
Mosyle, which offers a mobile device management system for Apple devices, raises a $196M Series B led by Insight Partners, bringing its total funding to $248.1M — Moysle, a mobile device management platform for Apple devices, today announced that it raised $196 million in a Series B funding round led … | Kyle Wiggers / TechCrunch: |
Tailscale, which offers an enterprise mesh VPN service on the open-source WireGuard protocol, raises a $100M Series B at a $1B+ valuation led by CRV and Insight — Zero trust security is an emerging paradigm in enterprise IT. It means that no one is trusted by default from inside or outside … | Kourtnee Jackson / CNET: |
Google removed 3.4B ads and 5.6M+ advertiser accounts in 2021, after implementing a three-strikes rule for deceitful practices, dangerous products, and more — The company aims to protect users by getting rid of abusive advertising behaviors. — Kourtnee Jackson
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