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May 23, 2022, 8:35 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 and Newslit Daily
Tweets: @wbm312, @imeluny, @satariano, @nytimes, @vickerysec, @davidheniguk, @pt, @dmccabe, @itifdc, @ulyssespascal, @profcarroll, and @davidheniguk
| 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 …
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The Verge, BBC, The Guardian, Sky News, Protocol, Engadget, HotHardware.com News, ico-newsroom.prgloo.com, PetaPixel, CNBC, CNET, SecurityWeek, Gizmodo, The Independent, TechSpot, City A.M., The Register, Agence France-Presse, and Forbes
Tweets: @iconews, @kevinkeller, and @justinhendrix
| 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, Platformer, The Hill, The Verge, Techdirt, Input, The Register, Deadline, and Fast Company
Tweets: @agashleymoody, @cat_zakrzewski, @b_fung, @davidgreene, @caseynewton, @debbieforfl, @steve_vladeck, @dwuhlfelderlaw, @toomuchme, @rico_rants, @cjciaramella, @jeffweineros, @bendiamondfl, @aronberg, @davidgreene, @aricohn, @aricohn, @aricohn, @aricohn, @aricohn, @jameeljaffer, @jameeljaffer, @jameeljaffer, @jameeljaffer, @reckless, @jameeljaffer, @mmasnick, @jameeljaffer, @mmasnick, @mmasnick, @reckless, @aricohn, @b_fung, @b_fung, @b_fung, @aricohn, @aricohn, @b_fung, @aricohn, @wexler, @issielapowsky, @mmasnick, @b_fung, @davidgreene, and @cat_zakrzewski
| 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%▼ …
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New York Times, CNBC, Bloomberg, MarketWatch, Electronics Weekly, Fox Business, Seeking Alpha, Seeking Alpha, Channel NewsAsia, The Information, Financial Times, Mobile World Live, ARN, GovCon Wire, Investor's Business Daily, Yahoo Money, CRN, CNBC, SC Media, CRN, The Register, Channel Futures, Telegraph, Bloomberg, CRN, and Bloomberg
| 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.
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TechCrunch, The Verge, Klarna, San Francisco Business Journal, PYMNTS.com, CNBC, Protocol, Input, The Block, Finextra, and Financial Times
Tweets: @siftedeu, @iatalkspace, and @amyrlewin
| 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, @caseynewton, @pardesoteric, @ericjduran, @silvermanjacob, @jessgartner, @jesseltaylor, @yoda, @caseynewton, @chainyoda, @caseynewton, @loudmouthjulia, @yoda, @theinformation, @counternotions, @aidanfitzryan, @thevunderkind, @dataandpolitics, @rmac18, @matousekmark, @jessicalessin, @carnage4life, @nbashaw, @emmavj, @mattdpearce, and @joshuaogundu
| Riley de León / CNBC: |
eBay partners with NFT startup OneOf to launch 13 digital collectibles featuring Wayne Gretzky, and plans more sports NFTs throughout 2022, starting at $10 each — - eBay is getting into NFTs — and hockey legend Wayne Gretzky is featured in the first collection from the e-commerce company.
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PR Newswire, Blockworks, TechCrunch, Sidechain's Newsletter, Cryptopolitan, PYMNTS.com, and CoinJournal
| 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
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Washington Post, Los Angeles Times, The Verge, The Guardian, Kotaku, New York Times, Protocol, Input, Bloomberg, Game Developer, TechCrunch, Polygon, Stevivor, PC Gamer, Dexerto, Engadget, IGN, Wccftech, Digital Trends, Destructoid, and Dot Esports
Tweets: @greenhousenyt, @josheidelson, @stevenstrom, @bigblackjacobin, and @acarboni
| 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.
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Wall Street Journal, The Verge, Protocol, TechCrunch, Insider, Axios, US SEC, dot.LA, and Insider
Tweets: @alexeheath, @alexeheath, @teroterotero, @pkedrosky, and @modestproposal1
| 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.
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AppleInsider, MacDailyNews, Computerworld, 9to5Mac, NEWS.am, and Reuters
| 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.
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Meta, Japan Today, Bloomberg, The Hill, Engadget, Social Media Today, Gizmodo, Reuters, CNN, and Protocol
Tweets: @justinhendrix, @whotargetsme, @andymstone, @markscott82, @nytimes, @jason_kint, @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
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Protos, Cryptonews, and TradingBTC.com
Tweets: @frank_giustra, @katie_martin_fx, and @muradahmed
| 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 … Thanks:@karynelevy
| 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 …
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PingWest, Financial Times, The Hill, PYMNTS.com, Engadget, Benzinga, and Axios
| Sarah Perez / TechCrunch: |
TikTok plans to roll out Live subscriptions, to let creators generate recurring revenue via payments from their top fans, in beta on May 26 with select creators — TikTok is ramping up its competition with Twitch, YouTube, and others with this week's launch of TikTok LIVE subscriptions …
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The Verge and Social Media Today
| CNBC: |
Zoom reports Q1 revenue of $1.07B, up 12% YoY, vs. $1.07B est., ~199K Enterprise customers, up 24% YoY, and raises forecasted Q2 and full fiscal year earnings — - Zoom narrowly beat on the top line but sailed past estimates for earnings while also giving a better-than-expected outlook for the second quarter.| 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: @chad_hurley, @rupasubramanya, @saraheneedleman, and @saraheneedleman
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Tweets: @mayazi, @andrewcarrier, @a_lagna, @lindayueh, and @mayazi
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Micky. Tweets: @johnkoetsier, @acityinohio, @shitirastogi, @tuviae, @0xshittrader, @mdudas, @dreamboat_id, @patio11, @genia_xx, @zachweinberg, @alexanderchopan, and @sk8ercurt
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