Techmeme
May 23, 2022, 8:35 PM

Top News

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.
Natasha Lomas / TechCrunch:
The UK's data protection watchdog fines Clearview AI £7.5M+ for violating privacy laws and orders the company to delete UK citizen information from its systems  —  The UK's data protection watchdog has confirmed a penalty for the controversial facial recognition company, Clearview AI …
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 …
Wall Street Journal:
Sources: Broadcom is in talks to pay ~$140 per share, or about $60B, for VMware, and the companies are aiming to announce the cash-and-stock deal on Thursday  —  The two companies are aiming to announce the cash-and-stock deal Thursday  —  Broadcom Inc. AVGO -3.10%▼ …
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.
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 …
Patrick Klepek / VICE:
The QA team at Activision Blizzard's Raven Software votes 19-3 to unionize, as US labor board prosecutors determined the company “illegally threatened staff”  —  A huge event in the crunch-prone video game industry, which has long resisted organized labor.  —  Patrick Klepek
Kif Leswing / CNBC:
Snap CEO warns employees the company will miss its Q2 revenue and earnings targets as its growth weakens, and plans to slow hiring; stock drops 29%+ after hours  —  - Snap will miss its own targets for revenue and adjusted earnings in the current quarter, CEO Evan Speigel warned on Monday in a note to employees.
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 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.
Issie Lapowsky / Protocol:
Spotify is slowly bringing back political ads on podcasts after pausing them in early 2020, and says it has strengthened its advertiser verification system  —  Spotify stopped hosting political ads on its services in early 2020, citing a lack of “robustness” in its systems …
Deirdre Bosa / CNBC:
Sources: Airbnb plans to remove all mainland China listings for homes and experiences by this summer, but will keep a Beijing office focusing on outbound travel  —  - All mainland Chinese listings — homes and experiences — will be taken down by this summer, but Airbnb will continue to maintain …

Sponsor Posts

Intel:
Managing a Complex Multi-Cloud Environment Requires a Reliable Ecosystem  —  To avoid vendor lock-in and effectively manage your mission critical workload needs, you need a reliable ecosystem and architecture
Zoho:
Dataholics: The solution to bad data in CRM systems  —  This is a guest post by Dataholics.  Bad data in a CRM system can cause all sorts of problems for businesses, from decreased efficiency to lost sales opportunities.
MicroAcquire:
New opportunities are waiting for you  —  Join 100,000+ entrepreneurs buying and selling startups on the world's #1 acquisition marketplace.  Expertly curated to match serious buyers with pre-vetted startups of all sizes.
Techmeme Leaderboards:
Find the top reporters on AI, NFTs, VR, AR, VC and much more  —  We've analyzed Techmeme's news crawl data to identify the most influential writers on 46 topics.  Download reports immediately for just $100.  No sub needed!
Techmeme Ride Home:
(Portfolio Profile) Mesha
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:35 PM ET, May 23, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Eva Szalay / Financial Times:
Spencer Soper / Bloomberg:

Earlier Picks

Damien Wilde / 9to5Google:
Rita Liao / TechCrunch:
Gavin Bonshor / AnandTech: