Techmeme
May 28, 2022, 5:55 PM

Top News

Washington Post:
Josh Eidelson / Bloomberg:
The CWA withdraws its bid for a union election next week for staff at an Atlanta Apple store, citing Apple's “sophisticated campaign to intimidate” and COVID-19  —  The labor group trying to organize Apple Inc. employees at an Atlanta store is withdrawing its request for an election …
Rest of World:
Some people in countries with high inflation say they lost thousands in savings after investing in UST, which seemed more stable than their local currency  —  “I have nothing left, not even a penny.”  —  Valeria makes around $300 a month selling prepared food from her home in Buenos Aires.
Kate Conger / New York Times:
In an April 4 letter, the SEC told Elon Musk it is probing his March purchases and disclosures of Twitter stock, and whether he was truly a “passive” investor  —  The regulator questioned whether the Tesla chief executive had disclosed his stake at the right time.
Nivedita Balu / Reuters:
Lora Kolodny / CNBC:
Leonid Ragozin / Rest of World:
A profile of inDriver, a ride-hailing app developed in Siberia in 2012, which lets riders and drivers haggle over prices and is now available in 42 countries  —  InDriver's unique haggling feature has seen it expand from its roots in Yakutia to markets around the world.  —  • YAKUTSK, RUSSIA
Preetika Rana / Wall Street Journal:
YipitData: average Uber and Lyft fares in the US hit a record high in April, as they drew ~20% fewer riders and 35% fewer trips in Q1 2022 compared to Q1 2019  —  The companies are cutting costs, bringing back cheaper rides and looking for new ways to woo drivers
Ben Schoon / 9to5Google:
Report: Samsung notified its partners to cut smartphone production for the rest of 2022 and manufacture ~280M devices, down from ~310M as initially planned  —  Samsung is the biggest smartphone manufacturer on the planet, but it's not immune to the pressure that the entire market has been feeling.
Maureen Dowd / New York Times:
Interview with Ted Sarandos about Netflix's recent share price plunge, backing Dave Chappelle's latest comedy special, Hollywood schadenfreude, and more  —  The Netflix executive says he — and the company he helped build — will survive a bout of bad earnings numbers.  — Give this article- - - Read in app
Kashmir Hill / New York Times:
Proctoring companies like Honorlock that track students' keystrokes and cursor movements during exams to prevent cheating allegedly punish normal behavior  —  An unsettling glimpse at the digitization of education.  — Give this article- - - Read in app
Kashmir Hill / New York Times:
A look at PimEyes, a paid facial recognition service that charges up to $300 per month to exclude photos, which some women describe as “essentially extortion”  —  PimEyes is a paid service that finds photos of a person from across the internet, including some the person may not want exposed.
Michelle Ma / Protocol:
Layoffs.fyi data: 60 tech companies cut 16,000+ jobs in May 2022; Microsoft, Nvidia, Lyft, Snap, Uber, Coinbase, Salesforce, Meta, and Twitter slowed hiring  —  What goes up must come down.  —  High-flying startups with record valuations, huge hiring goals and ambitious expansion plans …
Reuters:
A growing number of Chinese tech startups are going public in China at valuations lower than in their private rounds; STAR Market is down nearly 30% in 2022  —  A growing number of Chinese tech start-ups, once the darlings of equity markets, are willing to list shares publicly in China …

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Amy Lewin / Sifted:
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