Techmeme
May 19, 2022, 7:05 PM

Top News

Mark Gurman / Bloomberg:
Sources: Apple executives previewed the upcoming mixed reality headset to the company's board last week; Apple ramped up reality OS development in recent weeks  —  Apple Inc. executives previewed its upcoming mixed-reality headset to the company's board last week, indicating that development …
Twitter:
Twitter announces a crisis misinformation policy, including adding a warning to highly visible tweets with misleading information and disabling engagement  —  Around the world, people use Twitter to find reliable information in real time.  During periods of crisis - such as situations of armed conflict …
Joseph Cox / VICE:
In a policy shift, the US Department of Justice plans to stop prosecuting good-faith security research that would have violated the Computer Fraud and Abuse Act  —  The new policy addresses decades of uncertainty around the law and security research.  —  Joseph Cox
Keach Hagey / Wall Street Journal:
A new bipartisan Senate bill would prohibit companies with $20B+ in annual digital ad transactions from participating in more than one part of the ad ecosystem  —  The bill, which has some Democratic support, takes aim at conflicts of interest in advertising technology
Bloomberg:
Sources: at an all-hands, Twitter's top lawyer Vijaya Gadde said there is “no such thing as a deal being on hold” and execs said Musk's deal is moving forward  —  Twitter Inc. executives told employees on Thursday that the $44 billion deal to sell the company to billionaire Elon Musk …
Emily Nicolle / Bloomberg:
Tether's accounting firm says Tether holds $20.1B in commercial paper, down 17% QoQ; Tether had $82.4B+ in total assets on March 31 and $82.2B in liabilities  —  Tether, the operator of the world's most used cryptocurrency, said it had reduced the amount of commercial paper in the reserve backing …
Manish Singh / TechCrunch:
In a letter to portfolio founders, Y Combinator advises to “plan for the worst” by cutting expenses and focusing on extending runways amid the economic downturn  —  Y Combinator, a Silicon Valley kingmaker, is advising its portfolio founders to “plan for the worst” …
Jacob Kastrenakes / The Verge:
Fastly acquires Glitch, the web coding service formerly called Fog Creek Software; Glitch CEO Anil Dash will join Fastly as its VP of developer experience  —  The coding platform will continue under the new owner  —  Fastly, a major provider of cloud services, announced today that it's acquiring Glitch …
Frank Chaparro / The Block:
FTX.US launches FTX Stocks, offering zero-commission stock trading of US-listed companies and ETFs, rolling out to the FTX.US Pro app over the coming months  —  - The news comes shortly after Sam Bankman-Fried's acquisition of a 7.6% stake in retail trading giant Robinhood.
David Pierce / The Verge:
Framework refreshes its 13.5" modular Framework Laptop with 12th Gen Intel CPUs, starting at $1,049 in July; 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 …
Sarah Perez / TechCrunch:
Meta launches its free WhatsApp Cloud API, aimed at SMBs, to all businesses worldwide, and announces paid features for its WhatsApp Business app coming later  —  WhatsApp is continuing its push into the business market with today's news it's launching the WhatsApp Cloud API to all businesses worldwide.
Washington Post:
Republicans, who opposed common carrier status for ISPs in the net neutrality debate, now want social media platforms to be treated like “public utilities”  —  Happy Thursday!  I know, I know, going to law school probably would've helped writing today's newsletter.
Henry Grabar / Slate:
As Uber starts to cut costs, having lost $30B+ in five-odd years, a look at the impact of subsidized rides on cities, the decline in public transit, and more  —  Recently I was talking with an executive who used to work in car-sharing—the wave of companies, led by Zipcar and car2go …
Canalys:
Reuters:
Sources: TikTok has tested in-app games in Vietnam as part of a gaming push; TikTok confirms testing HTML5 games from game developers and studios such as Zynga  —  TikTok has been conducting tests so users can play games on its video-sharing app in Vietnam, part of plans for a major push into gaming …
Dan Goodin / Ars Technica:
The CISA orders US federal civilian agencies to patch or remove VMware products with a remote code execution 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 …
MK Manoylov / The Block:
Sacramento-based Azra Games, a blockchain gaming startup developing a sci-fi fantasy game with virtual collectibles, raises a $15M seed led by a16z  —  Azra Games, a blockchain gaming startup, raised $15 million in seed funding, according to a Thursday announcement.
Jan Hoffman / New York Times:
As US drug overdoses soar, Facebook, Twitter, Snapchat, Pinterest, TikTok, Discord, and Telegram are a quick and easy conduit for illicit prescription drugs  —  The soaring drug fatalities in the U.S. are being fueled partly by fentanyl-tainted pills bought by teenagers and young adults on Snapchat …
Robert Gillies / Associated Press:
Canada joins its intelligence allies in banning carriers from using Huawei and ZTE equipment for the country's 5G network, after a delay of over three years  —  TORONTO (AP) — Canadian Prime Minister Justin Trudeau's government has decided to ban China's Huawei Technologies from Canada's next-generation mobile networks.

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