Techmeme
May 10, 2022, 2:25 PM

Top 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.
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.
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.
Sam Kessler / CoinDesk:
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.
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 …
James Pearson / Reuters:
The UK and EU say Russia launched a cyberattack on satellite internet network Viasat at the onset of the Ukraine war in late February, affecting many in Ukraine  —  Russia was behind a massive cyberattack against a satellite internet network which took thousands of modems offline at the onset …
Steve Dent / Engadget:
Sony reports Q4 gaming revenue rose 4.9% YoY to ~$5.1B; PS5 sales were 2M, reaching 19.3M in total, around 3.1M behind 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.
New York Times:
Interviews with 50+ people detail Bolt's meteoric rise, which involved overstating tech and performance, as its valuation went from $250M to $11B in three years  —  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.
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/...
Washington Post:
Corin Faife / The Verge:
Callan Quinn / The Block:
Casa, which offers a “self-custody” bitcoin wallet and just launched an API to help businesses integrate multi-sig wallets, raises a $21M Series A  —  Quick Take  — Casa has raised $21 million in a round led by Acrew Capital.  — The company also announced a new API …
More: CoinDesk and Casa Blog
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 …
Bloomberg:
Nintendo reports Q4 revenue rose 6% YoY to ~$2.9B as profit rose 0.6% YoY to $922M; Switch sales were 4.11M, for 23.1M total; Nintendo will 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 …
Frederic Lardinois / TechCrunch:
Supabase, an open-source Firebase alternative, raises an $80M Series B led by Felicis Ventures and says 80K+ devs have created 100K+ databases on the service  —  Supabase, which bills itself as an open source alternative to services like Google's Firebase, today announced that it has raised …
Paul Alcorn / Tom's Hardware:
Intel unveils Alder Lake HX laptops chips coming this year, with up to 16 cores, peak clock rates of 5.0 GHz, 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 …

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Dan Goodin / Ars Technica:
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