| Dan Goodin / Ars Technica: |
The CISA orders US federal civilian agencies to patch or remove VMware products affected by a critical RCE vulnerability that hackers are actively exploiting — Security flaws in VMware and F5's BIG-IP are being exploited by malicious hackers. — Malicious hackers, some believed to be state-backed … | Emma Roth / The Verge: |
Report: Netflix had 3.6M cancellations in Q1 2022, up from ~2.5M for each past five quarters; 13% came from subscribers who had the service for over three years — Users subscribed to Netflix for more than three years represented 13 percent of total cancellations| Dean Takahashi / VentureBeat: |
An interview with a16z's Jonathan Lai on Games Fund One, the VC firm's new $600M fund for games that will invest in studios, infrastructure, and technologies — Andreessen Horowitz has raised a $600 million fund to invest in games. The storied venture capital firm is already a big investor in games … | Aisha Malik / TechCrunch: |
TikTok launches Branded Mission, a product that lets advertisers crowdsource content from creators with 1K+ followers and turn top-performing videos into ads — TikTok announced today that it's launching a new ad product called “Branded Mission” that will allow creators to connect with brands and possibly receive rewards for videos.| Todd Spangler / Variety: |
| Lauren Feiner / CNBC: |
New York AG plans to investigate social media platforms “used to stream, promote, or plan” the Buffalo attack, including Twitch, Discord, 4chan, and 8chan — - New York Attorney General Letitia James will investigate social media companies in connection to the apparently racially motivated attack … | Kim Velsey / Curbed: |
AirDNA, Inside Airbnb, and Douglas Elliman data: NYC has ~3K to ~13K more Airbnb listings than rental apartments despite Airbnb listings falling in the pandemic — The fever isn't breaking. There are now bidding wars for one in every five Manhattan rental apartments (and one in three luxury units) … | Financial Times: |
Chinese citizens angered by Shanghai's ongoing lockdowns are evading censorship of a viral post and video criticizing the government by minting them into NFTs — Growing popularity of decentralised ledger technology presents fresh challenge for country's censors| David Pierce / The Verge: |
Framework updates the 13.5" modular Framework Laptop with 12th-Gen Intel CPUs, starting at $1,049; owners can upgrade existing laptops with a $538 kit — A new laptop that fits inside your old laptop — A little more than a year after announcing the first version of its ultra-repairable … | Henry Grabar / Slate: |
As Uber begins to rein in costs, having lost ~$30B in five-odd years, a look at the impact of cheap rides on city transit and the opportunities that were lost — Recently I was talking with an executive who used to work in car-sharing—the wave of companies, led by Zipcar and car2go … | Alex Heath / The Verge: |
Meta freezes hiring of engineers for product teams including Facebook Gaming, Dating, and Commerce; Zuckerberg said internally Meta is not planning layoffs — Mark Zuckerberg has internally downplayed the possibility of layoffs — Meta is pulling back its investments in a number of products … | Ingrid Lunden / TechCrunch: |
Stripe launches Data Pipeline, letting its US customers link Stripe transactions data and their data stores in Amazon Redshift or Snowflake's Data Cloud — Stripe — the payments giant valued at $95 billion — is on a product sprint to expand its services and functionality beyond … | Bloomberg: |
Singapore-based Grab reports Q1 revenue rose 6% YoY to $228M, beating analyst estimates, as its net loss narrowed to $435M; Grab stock is down 70%+ from its IPO — Grab Holdings Ltd. said revenue rose 6% in the first quarter after the ride-hailing and delivery company won back consumers as the pandemic receded in Southeast Asia.| Mary Ann Azevedo / TechCrunch: |
SpotOn, which provides payment and management services to SMBs in retail, food, and hospitality, raises a $300M Series F led by Dragoneer at a $3.6B valuation — Payments and software startup SpotOn has closed on $300 million in a Series F financing that values the company at $3.6 billion.| Richard Waters / Financial Times: |
A look at the competition between China and the US to build exascale supercomputers, useful for defense and climate modeling, as China pulls ahead — World's biggest economies battle to dominate advanced processing power that will affect defence and climate modelling| Gené Teare / Crunchbase News: |
Jakarta-based payments infrastructure startup Xendit raises a $300M Series D led by Coatue and Insight, after raising a $150M Series C in September 2021 — Jakarta-based Xendit, a payments infrastructure company operating in Indonesia and the Philippines, has raised a $300 million Series D led … | Sarah Perez / TechCrunch: |
YouTube rolls out player features to all users, including a graph to easily locate the “Most replayed” video parts, support for video chapters, and video loops — YouTube today is launching a new feature designed to help users identify the most popular parts of a video they're watching … | Manish Singh / TechCrunch: |
India says cloud providers and VPN operators that don't comply with its cybersecurity rules, effective as of June 27, “will have to pull out” of the country — India is pushing ahead with its new cybersecurity rules that will require cloud service providers and VPN operators … | Kyle Wiggers / TechCrunch: |
Everstream Analytics, which uses AI to offer supply chain insights and risk analytics, raises a $24M Series A led by Morgan Stanley — Everstream Analytics, a supply chain insights and risk analytics startup, today announced that it raised $24 million in a Series A round led … | Ryan Felton / Wall Street Journal: |
NHTSA records show it is investigating over 30 incidents of a Tesla suspected of being on Autopilot mode going on to be involved in a serious crash — Wreck under investigation involves a Tesla Model S and left three people dead, the National Highway Traffic Safety Administration said| Bloomberg: |
Xiaomi beats estimates with ~$10.9B in Q1 revenue, down 4.6% YoY for its first-ever decline, and a ~$87M net loss, as China's lockdown cripples smartphone sales — Xiaomi Corp. posted its first quarterly revenue decline on record after Beijing's strict Covid containment policies …
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| Frank Chaparro / The Block: |
| Mary Ann Azevedo / TechCrunch: |
| Cat Zakrzewski / Washington Post: |
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| Brian Stelter / CNN: |