Techmeme
May 29, 2022, 8:10 PM

Top News

Mark Gurman / Bloomberg:
Sources: Apple plans an always-on lock screen for iPhone 14 Pro, major windowing and multitasking changes for iPadOS, and iOS-like System Preferences for macOS  —  Apple's upcoming iOS 16 is likely to upgrade the lock screen, messaging and health features.  Also: Another Apple car manager leaves …
Olga Kharif / Bloomberg:
Nansen: TerraUSD collapse wasn't the work of a single attacker but likely the result of investment decisions from a small number of large UST holders  —  The collapse of the TerraUSD (UST) stablecoin that sent shockwaves throughout the crypto ecosystem can't be attributed to a single attacker, according to researcher Nansen.
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.
Washington Post:
Yang Jie / Wall Street Journal:
Chinese government data shows domestic smartphone shipments fell 30% YoY to ~86M units in the first four months of 2022 amid the resurgence of COVID-19 in China  —  From Apple to chip makers, companies warn of fewer shipments and weaker consumer spending in the world's biggest smartphone market
Maureen Dowd / New York Times:
Interview with co-CEO Ted Sarandos about Netflix's recent 75% stock drop, backing Dave Chappelle's transgender 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.
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
Sujith Somraaj / Decrypt:
As Terra blockchain reboots, freshly minted new LUNA tokens started trading on a number of exchanges and swiftly plummeted about 70% from the opening price  —  After peaking at $19.54 earlier on Saturday, it's been mostly downhill.  —  Terraform Labs early Saturday launched a new version …
Mike Masnick / Techdirt:
Latest AICO Act revisions are carveouts for telcos and financial companies and do not fix real problems with the bill, like a disguised content moderation ban  —  Look: there are very real issues with the state of the internet today, including the amount of power a few companies have.
Financial Times:
Sources: the Broadcom-VMware deal happened within two weeks; Broadcom CEO Hock Tan switched his focus to software amid regulatory risks for semiconductor deals  —  Hock Tan and Michael Dell agreed industry-defining deal, codenamed ‘Project Atlas,’ within two weeks
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
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 …
Kate Conger / New York Times:

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More News

Kashmir Hill / New York Times:

Earlier Picks

Josh Eidelson / Bloomberg: