Techmeme
May 23, 2022, 1:55 PM

Top News

Bloomberg:
Sources: Broadcom is in talks to acquire VMware, which has a ~$40B market cap; the discussions are ongoing and there's no guarantee they will lead to a purchase  —  Broadcom Inc. is in talks to acquire cloud-computing company VMware Inc., according to people familiar with the matter …
New York Times:
A look at efforts by 50+ countries to control the data produced by their citizens, governments, and businesses, driven by privacy concerns, economics, and more  —  Nations are accelerating efforts to control data produced within their perimeters, disrupting the flow of what has become a kind of digital currency.
Mimi Billing / Sifted:
Klarna tells employees it plans to lay off 10% of its workforce, after reports of raising money at a reduced $30B valuation; LinkedIn shows it has 6,500+ staff  —  Last week, the Wall Street Journal reported that Klarna was seeking a new round of investment that could see its valuation brought down by a third, from $46bn to $30bn.
Tripp Mickle / New York Times:
Meta, Apple, Amazon, Microsoft, and Google are positioned to emerge stronger from this downturn; Refinitiv: from 2008 to 2010, the companies acquired 100+ firms  —  Flush with cash, Facebook, Apple, Amazon, Microsoft and Google are positioned to emerge from a downturn stronger and more powerful.
Mike Isaac / New York Times:
Meta says it plans to give outside researchers more info on political ad targeting on Facebook and Instagram and will update Ad Library with more info from July  —  Academics and journalists will be able to see more data about the way political ads are used to target users across Facebook and Instagram.
Issie Lapowsky / Protocol:
The 11th Circuit federal court upholds the block on Florida's social media “censorship” law over First Amendment concerns, as SCOTUS weighs Texas' similar law  —  As the Supreme Court weighs whether to block Texas's social media “censorship” law, a court of appeals has decided …
Spencer Soper / Bloomberg:
Sources: Amazon, which has too much warehouse capacity after the pandemic, is looking to sublet over 10M square feet in New York, California, and elsewhere  —  Amazon.com Inc., stuck with too much warehouse capacity now that the surge in pandemic-era shopping has faded …
Rita Liao / TechCrunch:
StepN, a Solana-based app that rewards users with tokens for walking and running, says it has 2M-3M MAUs and makes $3M-5M/day in net profit from trading fees  —  But skeptics question its sustainability and whether it can be called a ‘game’  —  Since its launch in December, StepN …
Eva Szalay / Financial Times:
BNP Paribas joins JPMorgan's blockchain-based Onyx network for the repurchase market, which has facilitated $300B+ in deals since December  —  BNP Paribas joins JPMorgan-powered platform that has traded more $300bn of intraday repo deals  —  BNP Paribas has joined JPMorgan in using digital tokens …
Damien Wilde / 9to5Google:
Xiaomi signs a long-term partnership with Leica and announces a jointly developed smartphone will launch in July 2022, likely with the Snapdragon 8 Plus Gen 1  —  Xiaomi has signed a “long-term strategic partnership” with camera and camera lens manufacturer Leica in a bid to improve …

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Gavin Bonshor / AnandTech: