Techmeme
May 9, 2022, 11:00 PM

Top News

Bloomberg:
Bitcoin fell 10%+ to under $30,000, its lowest level since July 2021, as investors flee riskier investments; Ethereum, Solana, Avalanche, and others also fell  —  Bitcoin extended losses, dropping below $30,000 for the first time since July 2021, putting its decline from a November record high …
Sam Kessler / CoinDesk:
Thomas Claburn / The Register:
Study claims the implementation of EU's GDPR has reduced the number of apps on Google Play by a third, increased costs, and reduced revenues for app developers  —  Privacy rules increase cost, reduce choice, slash revenues, study concludes  —  Europe's data protection regime has reduced …
Washington Post:
Researchers: Elon Musk, who vowed to defeat Twitter's “spam bots or die trying”, has long benefited from “fanbots” boosting Tesla shares and deriding critics  —  Mechanized accounts have sought to boost Tesla shares, deride critics and push the pending takeover of Twitter.
Anushree Dave / The Block:
Mark Zuckerberg says Meta will start letting some US creators test digital collectibles and NFTs on Instagram this week, and won't charge for sharing NFTs  —  Meta will start testing digital collectibles and NFTs on Instagram this week, according to chief executive Mark Zuckerberg.
Drew Harwell / Washington Post:
Clearview AI reaches a settlement with the ACLU by agreeing to stop selling or offering free access to its facial recognition database to most US businesses  —  The settlement marks one of the most significant court actions yet against a company known for downloading billions of people's photos …
The Information:
Sources: Meta is considering reducing the money it gives news outlets and focusing on news content as short videos on Facebook rather than as links to articles  —  Meta Platforms is considering reducing the money it gives news organizations as it reevaluates the partnerships it struck …
CNBC:
Staff email: Uber CEO Dara Khosrowshahi says the company will slash marketing and incentive spending, treat hiring as a “privilege”, focus on profit, and more  —  - Uber will slash spending on marketing and incentives and treat hiring as a “privilege,” CEO Dara Khosrowshahi said in an email to staff on Sunday.
Margaret Harding McGill / Axios:
The White House says 20 ISPs, including Verizon, Comcast, and Charter, have agreed to offer 100 Mbps internet service for $30 per month to low-income families  —  The White House said Monday 20 internet service providers have agreed to offer $30 high-speed internet plans to low-income families …
Ari Levy / CNBC:
Coinbase, Robinhood, Rivian, UiPath, Marqeta, and Toast are down 65%+ from their IPO; over half of 53 tech companies that went public in 2021 are down 50%+  —  - After a banner year for tech IPOs in 2021, the most notable companies to go public are now suffering some of the biggest losses on the market.
More: CoinDesk
Kevin Collier / NBC News:
Lincoln College is set to become the first US higher education institution to close in part due to a ransomware attack, which hindered admissions last December  —  Lincoln College is scheduled to close its doors Friday, becoming the first U.S. institution of higher learning to shut down in part due to a ransomware attack.

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More News

Dan Goodin / Ars Technica:
Janko Roettgers / Protocol:
Kenrick Cai / Forbes:
New York Times:

Earlier Picks

Ax Sharma / BleepingComputer:
Yoko Kubota / Wall Street Journal: