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May 10, 2022, 6:30 PM
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WeSmirchTop News
| Brian Heater / TechCrunch: |
Apple discontinues the iPod touch, leaving the device on sale “while supplies last” and ending the product line after debuting the original iPod in October 2001 — Last October marked 20 years of the iPod. It's a remarkable run in the cutthroat, always-iterating world of consumer electronics.
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Apple, The Verge, 9to5Mac, NBC News, BleepingComputer, Protocol, New York Post, TNW, Livemint, 9to5Mac, CNET, MacRumors, BetaNews, Input, Android Authority, XDA Developers, MacRumors, Thurrott, Gizmodo, ZDNet, iMore, iPhone in Canada Blog, and AppleInsider
Tweets: @fromedome, @markgurman, @viticci, @mkbhd, @keyon, @austinnotduncan, @marcoarment, @carnage4life, @sarahintampa, @pierce, @jeffbenjam, @stevekopack, @chancehmiller, @rdrv3, @reckless, @ismh, @andyjayhawk, @sumitgouthaman, @starfire2258, @j_schneider, @techcrunch, @anildash, @jsnell, @dsilverman, @reneritchie, @paleofuture, @colinander, @joannastern, and @ahess247
| New York Times: |
Sources: Netflix executives told employees that the company plans to launch its lower-priced ad-supported tier and crack down on password sharing in Q4 2022 — Executives said they were aiming to introduce an ad-supported, lower-priced subscription tier in the last three months of the year, quicker than originally indicated.
More:
Bloomberg, AppleInsider, Techhive.com, International Business Times, Benzinga, CNN, Input, MacRumors, Ars Technica, Gizmodo, 9to5Mac, The Drum, Android Police, Neowin, Android Central, IGN, BGR, The Hill, CNBC, dot.LA, Android Authority, MobileSyrup, TechSpot, New York Post, Tom's Guide, iMore, t3.com, IndieWire, The Verge, Android Headlines, The Streamable, Gizchina, TechCrunch, Mashable, TechRadar, and iPhone in Canada Blog
Tweets: @benmullin, @terrajobst, @film_girl, @pshanley88, @discussingfilm, @jasonealt, @pkafka, @mattbelloni, @loudmouthjulia, @pkafka, @pkafka, @nytmedia, @dashofdan, and @michaelguimarin
| Stacy-Marie Ishmael / Bloomberg: |
A look at Do Kwon's algorithmic stablecoin UST, designed to trade at $1 but which fell as low as $0.60; CoinMarketCap says there is 17.8B UST in circulation — Algorithmic stablecoins, like their more “traditional” counterparts, are supposed to provide calm in the chaos of crypto.
More:
The Block, Today in Tabs, Attack of the 50 Foot …, Blockworks, Protocol, Cointext.com, Cointelegraph, CNBC, CryptoSlate, Newslit Daily, Gizmodo, and CNBC
| Michael D McDonald / Bloomberg: |
More:
Financial Times, Fortune, Newser, Crypto Briefing, Cointext.com, and CoinQuora
Tweets: @nayibbukele, @nayibbukele, @justinsuntron, @nayibbukele, @pt, and @roman_trading
| Dave Lee / @daveleeft: |
[Thread] In an interview, Musk says Twitter has a “left bias”, he would “literally put” its “algorithm on GitHub”, and he thinks he would reverse Trump's ban — Twitter currently the “least bad” public square, @elonmusk says at #FTCar. “In order to be better at that it needs to get rid of the bots, the scams.” Live here: https://www.youtube.com/...
Source:
YouTube. More:
Wall Street Journal, BBC, The Hill, PCMag, USA Today, and Bloomberg
Tweets: @jack, @jack, @jack, @peterwsinger, @qwongsj, @newsm101, @mmasnick, @meyerweb, @daveleeft, @willoremus, @alexhern, @noupside, @karlbode, @dfriedman33, @seike_kerbera, @digiphile, @b_fung, @davidlaz, @viacristiano, @daveleeft, @yashar, @rmac18, @patrickmcgee_, @patrickmcgee_, @daveleeft, @pkafka, @tsgiles, @daveleeft, @evan_greer, @daveleeft, @daveleeft, @financialtimes, @daveleeft, and @thesheetztweetz
| New York Times: |
Interviews with 50+ people detail the rapid rise of Bolt, which overstated its tech and numbers, as its valuation soared from $250M in 2018 to $11B in 2021 — The start-up has had a meteoric rise, thanks to its charismatic co-founder, Ryan Breslow. But he sometimes stretched the truth to get there.| James Pearson / Reuters: |
The UK and the EU say Russia launched a cyberattack that disrupted Viasat's satellite internet network in February; the US says multiple networks were attacked — Russia was behind a massive cyberattack against a satellite internet network which took thousands of modems offline at the onset …
Source:
GOV.UK and United States Department …. More:
CyberScoop, The Register, Ars Technica, The Hill, consilium.europa.eu, Metacurity, Protocol, CNN, BBC, Nextgov, The Record, Politico, VICE, TechCrunch, Forbes, ComputerWeekly.com, PCMag, and Engadget
Tweets: @secblinken, @statedeptspox, @campuscodi, @trussliz, @eucouncilpress, @ale_paulus, @mfa_austria, @mikko, @hatr, @netblocks, @pwnallthethings, @azeem, @iiyonite, @ridt, @780thc, @annlinde, and @ale_paulus
| Bloomberg: |
Nintendo reports Q4 revenue up 6% YoY to ~$2.9B, profit up 0.6% YoY to $922M, and 4.1M Switch sales, hitting 23.1M total; Nintendo plans to split its stock 10:1 — Nintendo Co. will split its stock into 10 from October, potentially propping up the shares as the Mario creator struggles …
More:
Nintendo, Thurrott, TechCrunch, Kotaku, CNBC, GameSpot, and IGN
Tweets: @epro, @6d6f636869, @6d6f636869, @muradahmed, and @tomwarren
| Laurence Fletcher / Financial Times: |
Analysis: Tiger Global has lost about $17B during 2022's tech stock sell-off, erasing in four months around two-thirds of its gains made since its 2001 launch — Hedge fund suffers ‘breathtaking’ drop as speculative stocks sink from pandemic peaks — Tiger Global has been hit by losses …
More:
Reuters and PYMNTS.com
Tweets: @birdyword, @journofletcher, @alderlaneeggs, @dkthomp, @hkanji, @litcapital, @martinsfp, @refsrc, @breakoutpoint, @ron_miller, and @puppyeh1
| Steve Dent / Engadget: |
Sony reports Q4 gaming revenue rose 0.76% YoY to ~$5.1B; PS5 sales of 2M, down from 3.3M QoQ, hitting 19.3M total, ~3.1M below the PS4 at the same point in time — Sony announced that it sold just 2 million PlayStation 5 units last quarter (Q4), bringing its overall total to 19.3 million.
More:
Sony, Bloomberg, Polygon, IGN, Reuters, Eurogamer.net, Gamereactor UK, Android Headlines, Bloomberg, TechRadar, VentureBeat, TechSpot, PCMag, Tom's Guide, and OnMSFT.com
Tweets: @romudeth, @gibbogame, @tomwarren, and @6d6f636869
| Corin Faife / The Verge: |
Report: ICE uses private data brokers to bypass legal restrictions and build a surveillance system capable of pulling “detailed dossiers” on nearly any US adult — Authors of the American Dragnet study say the agency is increasingly unaccountable to legislators
More:
American Dragnet, Engadget, The Guardian, and Gizmodo
Tweets: @jshermcyber, @carnage4life, @michaelguimarin, @iblametom, @corintxt, and @eff
| Sam Reynolds / CoinDesk: |
Binance resumes withdrawals of LUNA and UST tokens after suspending them for about six hours due to a high volume of pending withdrawals and “network slowness” — Binance has resumed withdrawals of LUNA and UST tokens after the two tokens crashed on Tuesday on the back of a broader fall in the crypto markets.
More:
Binance, Onchain Wizard's Newsletter, @mhonkasalo, The Block, Cointelegraph, Waivly, The Jus, and Market Meditations
Tweets: @stablekwon, @binance, @hasufl, @hasufl, @thecryptolark, @bitfinexed, @cyber_hokie, @mhonkasalo, @thecryptolark, @mayazi, @karlbode, @edzitron, and @markgutman9
| MacKenzie Sigalos / CNBC: |
Coinbase Q1: $1.2B net revenue, down from $1.6B YoY, vs $1.5B est., 9.2M MTUs, up from 6.1M YoY, $309B trading volume, down from $335B YoY; stock down 11%+ — - Coinbase reported first-quarter earnings after the bell on Tuesday. — The earnings come amid a major sell-off across the crypto market.
Tweets: @levynews, @ericajoy, @caseynewton, @caseynewton, @mikeisaac, and @caseynewton
| Jordan Novet / CNBC: |
Roblox misses with Q1 revenue of $631.2M, down 3% YoY, vs. $636.6M est., 54.1M average DAUs, up 28% YoY, vs. 55M est., $11.67 average bookings per DAU, down 25% — - Roblox reported fewer users in the quarter than analysts had expected, and bookings dropped from a year earlier.| Paul Alcorn / Tom's Hardware: |
Intel unveils Alder Lake HX laptop chips coming in 2022, featuring up to 16 cores, 5.0 GHz peak clock rates, and a 55W base power draw that can stretch to 157W — Up to 16 cores, 5.0 GHz, and 157W of peak power draw — Intel is bulking up its family of Alder Lake mobile CPUs …
More:
Intel, SiliconANGLE, The Register, Thurrott, VentureBeat, Club386, Neowin, The Verge, TechSpot, AnandTech, TechRadar, HotHardware.com News, Gizmodo, PCMag, Engadget, ZDNet, PCWorld, and XDA Developers. Thanks:@paulyalcorn
| Rest of World: |
A look at Meta's and Google's subsea cable investments in Africa, the least connected continent, as the companies seek the terrestrial links to a billion users — One sunny Thursday morning in September 2021, three men gathered at the Multimedia University of Kenya, in Nairobi, for a small ceremony.
Tweets: @nnwigene, @khushbuoshea, @khushbuoshea, @anupkaphle, and @iatalkspace
| Mary Ann Azevedo / TechCrunch: |
Online wholesale marketplace Faire raises a $416M extension, more than doubling the size of its Series G round and boosting its post-money valuation to $12.59B — Faire, which has built a marketplace connecting retailers to indie brands globally, has raised a $416 million extension …
Tweets: @bayareawriter and @ycombinator
| Eli Tan / CoinDesk: |
Co:Create, which helps NFT collections launch their own tokens, raises a $25M seed led by a16z, in the wake of ApeCoin's successful token-tied NFT approach — Non-fungible token (NFT) startup Co:Create has raised a $25 million seed round to help NFT collections launch their own tokens … | Brandy Betz / CoinDesk: |
Jambo Technology, a Web3 “super app” with play-to-earn games and more, raises a $30M Series A led by Paradigm, marking Paradigm's first investment in Africa — Jambo, a Congo-based startup building a Web 3 user acquisition platform, has closed a $30 million Series A funding round led … | Paul Kiernan / Wall Street Journal: |
US Treasury Secretary Janet Yellen: passing legislation in 2022 to create a stablecoin regulatory framework “would be highly appropriate”, after UST's stumble — Treasury secretary expresses hope that Congress will pass legislation this year to create regulatory framework for stablecoins| Hannah Miao / CNBC: |
Upstart, which uses AI to gauge creditworthiness, cuts its 2022 revenue forecast from $1.4B to $1.25B citing rising interest rates; stock closes down 56.42% — - Shares of Upstart plummeted Tuesday after the AI consumer lending platform cut its full-year revenue outlook.
Tweets: @the_real_fly
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Tweets: @mattyglesias, @s8mb, @alecstapp, @jwaldfogel, @rdmetcalfe, @jwaldfogel, @jmkorhonen, @privacymatters, @aditya_rm, and @daphnehk