Techmeme
May 9, 2022, 6:20 PM

Top News

Bloomberg:
Bitcoin falls 7%+ to under $32,000, its lowest level since July 2021, as investors flee riskier investments; Ethereum, Solana, Avalanche, and others also drop  —  Bitcoin extended losses, dropping below $31,000 for the first time since July 2021, putting its decline from a November record high …
Sam Kessler / CoinDesk:
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 …
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 …
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.
Ari Levy / CNBC:
Coinbase, Robinhood, UiPath, Marqeta, and Toast are down 65%+ from their IPO price, and 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
Yoko Kubota / Wall Street Journal:
Sources: as China restricts access due to COVID-19, Apple is giving local workers more authority as US staff monitors progress using live streaming and AR  —  Tech giant passes more authority to local workers, uses live streaming and augmented reality to ensure products made in China come out on time
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 upset admissions in December 2021  —  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.
New York Times:
Tesla's stock is down 30%+ since Elon Musk disclosed his Twitter stake on April 4, as investors worry about his personal debt and Twitter becoming a distraction  —  The chief executive's debt load, his divided attention and Twitter's own challenges could all take a toll on his electric-car company.
Janko Roettgers / Protocol:
Despite Apple's AR push, mobile Safari's lack of support for web-based AR lags browser makers Google, Samsung, and Opera, which have supported WebXR for years  —  “AR is going to change the way we use technology forever.”  For the past five years, Tim Cook has used every possible opportunity …
More: 9to5Mac and AppleInsider
Tweets: @zeh, @mikarv, @protocol, @gocroquet, @glenngabe, and @jank0Thanks:@jank0
Ax Sharma / BleepingComputer:
Costa Rica's president declares a state of emergency after the Conti ransomware group publishes 672GB of data that appears to belong to government agencies  —  The Costa Rican President Rodrigo Chaves has declared a national emergency following cyber attacks from Conti ransomware group on multiple government bodies.

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Earlier Picks

Ina Fried / Axios: