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 …

Sponsor Posts

Comprehensive.io:
Free compensation benchmarking data from 3,000 startups  —  Search by job title and get FREE access to market pay data.  Paid version helps HR teams automate comp reviews and communicate total compensation to employees.
Refuel:
LLMs can label data as well as humans, but 100x faster  —  Looking to clean, label or enrich your data, but taking too much time?  Just describe your problem to our LLMs and let them do the work for you in minutes.
Mercury:
Give your startup an advantage with Mercury Raise  —  Building a successful company takes more than an idea — it takes the right connections, network, and guidance.  Mercury Raise gives you all three.
Zoho:
Productivity hacks for the always-on entrepreneur  —  As the needs of modern businesses continue to grow, entrepreneurs often find themselves juggling numerous tasks simultaneously.
Techmeme Ride Home:
Wed. 09/27 - The Big Amazon Lawsuit
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 4:55 AM ET, May 24, 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

Earlier Picks

Wall Street Journal:
Spencer Soper / Bloomberg:
Mike Isaac / New York Times:
Damien Wilde / 9to5Google: