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May 23, 2022, 5:05 PM
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| 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.
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Fortune. Tweets: @wbm312, @imeluny, @ulyssespascal, @satariano, @vickerysec, @davidheniguk, @pt, @dmccabe, @itifdc, @profcarroll, and @davidheniguk
| Matt Burgess / Wired: |
As GDPR turns four, despite some positives, regulators struggle to keep up with complaints, the ad industry remains littered with potential abuses, and more — The world-leading data law changed how companies work. But four years on, there's a lag on cleaning up Big Tech.| The Information: |
Sources: Coinbase is testing an app from Ray Dalio's company Principles that lets staff rate each other on how well they exemplify Coinbase's 10 cultural tenets — Coinbase, a cryptocurrency trading firm that garnered attention for banning salary negotiations and political speech among employees …
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Slashdot. Tweets: @amir, @rmac18, @chainyoda, @thevunderkind, @counternotions, @yoda, @yoda, @jesseltaylor, @theinformation, @aidanfitzryan, @dataandpolitics, @matousekmark, @nbashaw, @emmavj, @mattdpearce, @joshuaogundu, @caseynewton, @carnage4life, @caseynewton, and @jessicalessin
| Natasha Lomas / TechCrunch: |
UK's data protection watchdog fines Clearview AI ~£7.5M for violating privacy laws and orders the company to delete all info on UK citizens from its systems — The UK's data protection watchdog has confirmed a penalty for the controversial facial recognition company, Clearview AI …
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The Verge, BBC, The Guardian, Sky News, Protocol, ico-newsroom.prgloo.com, CNET, Engadget, TechSpot, Gizmodo, CNBC, The Independent, The Register, Agence France-Presse, Cybernews.com, Forbes, SecurityWeek, and City A.M.. Tweets: @justinhendrix
| 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.
Source:
Klarna. More:
TechCrunch, PYMNTS.com, Silicon Valley Business …, Protocol, CNBC, Finextra, The Block, and Financial Times
Tweets: @siftedeu, @iatalkspace, and @amyrlewin
| 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.
More:
AppleInsider, MacDailyNews, 9to5Mac, Computerworld, NEWS.am, and Reuters
| Issie Lapowsky / Protocol: |
The 11th Circuit federal court upholds blocking Florida's social media “censorship” law to protect First Amendment rights, as SCOTUS weighs Texas' similar law — As the Supreme Court weighs whether to block Texas' social media “censorship” law, a court of appeals has decided …
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Ars Technica, The Register, Input, Techdirt, Deadline, and Technology & …
Tweets: @cat_zakrzewski, @b_fung, @wexler, @aricohn, @aricohn, @aricohn, @b_fung, @b_fung, @aricohn, @b_fung, @issielapowsky, @b_fung, @davidgreene, and @cat_zakrzewski
| Mike Isaac / New York Times: |
Meta plans to give outside researchers more info on political ad targeting on Facebook and Instagram and to update Ad Library with more info starting in 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.
More:
The Hill, CNN, Gizmodo, Meta, Bloomberg, The Economic Times, and Protocol
Tweets: @justinhendrix, @jason_kint, @whotargetsme, @andymstone, @markscott82, @nytimes, @markscott82, @nytimestech, @ianclucas, @blackamazon, and @ianclucas
| Financial Times: |
On April 6, weeks before UST collapsed, Binance promoted the stablecoin on Telegram as a “High Yield, Safe & Happy Earn” investment with an annual 19.63% yield — World's biggest crypto exchange marketed stablecoin lending scheme offering nearly 20% yield
More:
Cryptonews, Protos, and TradingBTC.com
Tweets: @frank_giustra, @katie_martin_fx, and @muradahmed
| Patrick Klepek / VICE: |
The QA team at Activision Blizzard's Raven Software votes 19-3 to unionize, as US labor board prosecutors say that the company illegally threatened staff — A huge event in the crunch-prone video game industry, which has long resisted organized labor. — Patrick Klepek
More:
The Verge, Windows Central, Kotaku, Protocol, Bloomberg, Game Developer, TechCrunch, GamesIndustry.biz, Washington Post, Engadget, Dexerto, PC Gamer, IGN, Destructoid, Dot Esports, Digital Trends, and Wccftech
Tweets: @josheidelson, @bigblackjacobin, @stevenstrom, and @acarboni
| Wall Street Journal: |
Chat logs: Twitter employees are bewildered about what their jobs are and will be after Elon Musk takes over; VP Jay Sullivan expects a “chaos tax” to continue — Deal has left employees bewildered about what their jobs are and will be — In one 24-hour period this month …
Tweets: @rupasubramanya, @saraheneedleman, and @saraheneedleman
| Spencer Soper / Bloomberg: |
Sources: Amazon, which has too much warehouse capacity now that pandemic-era shopping has faded, is looking to sublet at least 10M square feet across the US — Amazon.com Inc., stuck with too much warehouse capacity now that the surge in pandemic-era shopping has faded …
More:
PCMag. Tweets: @gerritd, @stanphylcap, @h_thoreson, @dofornop, @jimpethokoukis, @yevp, @supheci_kimse, @shiraovide, @aoverk, @capitalobserver, @firstadopter, @mattmday, and @rebovichinst
| TechCrunch: |
Sources: MainStreet, which helps SMBs find tax credits, is raising at a $200M valuation, down from $500M in March 2021, weeks after laying off ~30% of its staff — Weeks after laying off about 30% of its staff, MainStreet is said to be raising another round of funding at a $200 million valuation, sources tell TechCrunch.| Eva Szalay / Financial Times: |
BNP Paribas joins JPMorgan's blockchain-based Onyx Digital Assets network, which has facilitated $300B+ in intraday repurchase market deals since December 2020 — BNP Paribas joins JPMorgan-powered platform that has traded more $300bn of intraday repo deals
More:
PYMNTS.com, CoinDesk, CryptoSlate, Off to Lunch, Cryptonews, Blockworks, and Coinspeaker
Tweets: @mayazi, @andrewcarrier, @a_lagna, @lindayueh, and @mayazi
| Deirdre Bosa / CNBC: |
Sources: Airbnb to remove all mainland China listings for stays and experiences by this summer but will keep an office in Beijing focusing on outbound travel — - All mainland Chinese listings — homes and experiences — will be taken down by this summer, but Airbnb will continue to maintain … | Rita Liao / TechCrunch: |
StepN, a Solana-based app that lets users earn tokens by walking and running, says it has 2M-3M MAUs and makes $3M-5M per 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 …
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Micky. Tweets: @0xshittrader, @johnkoetsier, @acityinohio, @shitirastogi, @sk8ercurt, @tuviae, @mdudas, @dreamboat_id, @patio11, @genia_xx, @zachweinberg, and @alexanderchopan
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Hard Fork:
Meta Bets on Scale + Apple's A.I. Struggles + Listeners on Job Automation
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