Techmeme
May 11, 2022, 1:10 PM

Top News

Tim Copeland / The Block:
LUNA and the UST stablecoin continue to dive; LUNA dropped as low as $0.84, a ~97% slide in 24 hours, while UST dropped as low as $0.26, a ~70% fall in 24 hours  —  Quick Take  — The price of Luna has dropped 82% in the last 24 hours.  — Its related stablecoin UST has retreated …
More: TechCrunch, Terra Research Forum, The Guardian, The Block, Decrypt, VICE, Bloomberg, Bitcoin News, The Block, Vlad's dorky crypto newsletter, CryptoPotato, The Merkle News, Wall Street Journal, Fortune, Decrypt, Fortune, CoinDesk, and CoinDesk
Tim Copeland / The Block:
Stacy-Marie Ishmael / Bloomberg:
Frank Chaparro / The Block:
Sami Fathi / MacRumors:
Kuo: Apple will ditch its proprietary Lightning port and switch to USB-C for the iPhone 15 in the second half of 2023, improving transfer and charging speeds  —  Apple will ditch its proprietary Lightning port and switch to USB-C on all or possibly some models of the iPhone 15 lineup destined …
James Vincent / The Verge:
The European Commission proposes regulation that would require tech companies to scan for CSAM and “grooming”, worrying privacy experts and threatening E2EE  —  The proposal has been called unworkable and invasive by privacy experts  —  The European Commission has proposed controversial …
MacKenzie Sigalos / CNBC:
Coinbase drops 20%+ after reporting $1.2B net revenue in Q1, down from $1.6B YoY, 9.2M MTUs, up from 6.1M YoY, and $309B trading volume, down from $335B YoY  —  - Coinbase reported first-quarter earnings after the bell on Tuesday.  — The earnings come amid a major sell-off across the crypto market.
Bloomberg:
SEC chair Gary Gensler says crypto exchanges are “commingling” services, which is not in clients' best interest, and notes their ties to popular stablecoins  —  Gary Gensler is ratcheting up his criticism of digital-asset exchanges, arguing that some platforms are shirking rules …
Paul Kiernan / Wall Street Journal:
Aisha Malik / TechCrunch:
Twitter rolls out a new “Copypasta and Duplicate Content” policy to clarify how it combats spam and duplicative content, and what it considers to be a violation  —  Twitter announced today that it's rolling out a new “Copypasta and Duplicate Content” policy to clarify …
Sara Fischer / Axios:
In a first, Meta withdraws a request for policy guidance from the Oversight Board about Russia's invasion of Ukraine, citing “safety and security concerns”  —  Facebook-parent Meta on Wednesday said it would be withdrawing its earlier request for policy guidance …
Jordan Crook / TechCrunch:
Airbnb releases several updates, including searching by category, the ability to book two listings for stays over one week, and AirCover guest travel insurance  —  The company wants to get the world traveling again  —  Last year, Airbnb CEO Brian Chesky said that the single-biggest challenge …
Matt Schifrin / Forbes:
Chicken Soup for the Soul Entertainment will acquire DVD rental and streaming company Redbox for $375M in an all-stock deal  —  New!  Click on the conversation bubble to join the conversation Got it!  —  Among buggy whip businesses, Redbox Entertainment (RDBX), the Oakbrook Terrace …
Dean Takahashi / VentureBeat:
Unity Software's stock falls 30%+ amid the company's lower than expected sales forecasts for Q2 and lower revenue guidance for the next full-year  —  Unity's stock price fell 28% in after-hours trading after the company reported earnings that met analyst expectations but fell short on the outlook.
Paul Sawers / VentureBeat:
CIQ, which develops the open-source Rocky Linux distro for enterprise, raises a $26M Series A led by Two Bear Capital  —  Sign up here.  —  CIQ, a company that's setting out to commercialize a new open-source Linux distribution and CentOS-successor called Rocky Linux, has raised $26 million in a series A round of funding.
Bloomberg:
Helsinki-based Aiven, which helps companies build open-source projects, raises $210M led by Eurazeo at a $3B pre-money valuation  —  Finnish software startup Aiven has raised $210 million of new funding, giving the company cash to expand abroad and hire developers.

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