Techmeme
May 24, 2022, 4:55 AM

Top News

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%▼ …
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%+  —  - 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.
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.
Matt Burgess / Wired:
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 …
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
Adam Beam / Associated Press:
CA State Assembly approves a bill letting parents sue social media companies if children become “addicted” to the companies' products; bill needs a final vote  —  SACRAMENTO, Calif. (AP) — California could soon hold social media companies responsible for harming children …
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 …
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 …
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.
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 …

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