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May 31, 2022, 6:25 PM
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memeorandum
WeSmirchTop News
| Greg Stohr / Bloomberg Law: |
SCOTUS blocks Texas' social media content moderation law in a 5-4 vote, putting the measure on hold while a constitutional challenge proceeds in a lower court — The US Supreme Court blocked a Texas law that critics say would fundamentally transform Twitter Inc. and Meta Platforms Inc.'s Facebook …
More:
CNN, CNET, Protocol, The Verge, Wall Street Journal, Reuters, Washington Post, New York Times, SCOTUS, USA Today, The Texas Tribune, NBC News, The Hill, CNBC, Law360, Axios, Politico, and Techdirt
Tweets: @steve_vladeck, @steve_vladeck, @steve_vladeck, @attorneynora, @jaspscherer, @adamkovac, @b_fung, @ksvesq, @caseynewton, and @caseynewton
| Bloomberg: |
A federal judge rules IBM must pay $1.6B to BMC for swapping in its own software while servicing a mutual client, AT&T, violating an IBM and BMC deal from 2015 — International Business Machines Corp. must pay $1.6 billion to BMC Software Inc. for swapping in its own software while servicing …
More:
SiliconANGLE, ZDNet, CRN, The Register, and Slashdot
| Dan Goodin / Ars Technica: |
Researchers told Microsoft on April 12 about an RCE Windows exploit active in the wild; Microsoft called the flaw critical on May 30 but still hasn't patched it — All supported versions of Windows affected. — A critical code execution zero-day in all supported versions of Windows …
More:
CRN, CSO, HotHardware.com News, Security Affairs, and Dark Reading
Tweets: @dangoodin001 and @bleepincomputer
| Aisha Malik / TechCrunch: |
TikTok is testing a “clear mode” feature that removes usernames, captions, audio information, and more for a distraction-free scrolling experience — TikTok is testing a new feature that would allow for a distraction-free scrolling experience on the app, the company confirmed to TechCrunch.| David Heaney / UploadVR: |
Kuo: Sony will mass produce ~1.5M units of its PSVR 2 headset in H2 2022 for a possible Q1 2023 launch, depending on the development schedule of flagship games — A prominent supply chain analyst claims PSVR 2 mass production will begin in the second half of this year.
Source:
@mingchikuo. More:
iMore, HotHardware.com News, TechRadar, MobileSyrup, TechSpot, Laptop Mag, Club386, Wccftech, and Pocket-lint
Tweets: @mingchikuo, @mingchikuo, and @mingchikuo
| Tom Simonite / Wired: |
Sources claim fired senior Google researcher Satrajit Chatterjee spread misinformation on two AI researchers after they declined his bid to manage their project — Google employees claim a senior researcher fired earlier this year sought to undermine two more junior AI researchers by suggesting … | Gary Silverman / Financial Times: |
At a CFTC meeting, agricultural groups criticized FTX CEO Sam Bankman-Fried's plan for automated risk management and 24/7 trading in leveraged futures markets — Agricultural groups criticise FTX plan for round-the-clock risk management in leveraged futures market
More:
The Block, The Block, Forbes, and CoinDesk
Tweets: @sbf_ftx, @brett_ftxus, @brett_ftx, @cmsholdings, @mdudas, @jgreco, @poordart, @sbf_ftx, @sbf_ftx, @thestalwart, @mayazi, @adamsamson, @brett_ftxus, and @bradydale
| Passant Rabie / Gizmodo: |
Elon Musk: “Starlink 2.0 satellites are almost an order of magnitude more capable than Starlink 1.0” and weigh 4.8X more, needing the upcoming Starship rocket — The generation 2 satellites are meant to be more powerful than their earlier counterparts. — Alerts| Jordan Novet / CNBC: |
Salesforce reports Q1 revenue of $7.41B, up 24% YoY, vs $7.38B est., net income down 94% YoY to $28M, and operating cash flow up 14% YoY to $3.68B; stock up 6%+ — - Salesforce earnings beat expectations on the top and bottom lines. — Management raised its earnings forecast …
Tweets: @salesforce_ir
| Mary Ann Azevedo / TechCrunch: |
Affirm makes its BNPL services available to businesses that use Stripe, following Affirm's recent partnerships with Fiserv, Shopify, WooCommerce, and Verifone — Two fintech giants are partnering up. — Affirm is making its buy now, pay later technology available to businesses who use Stripe's payments tech.
More:
PYMNTS.com, Business Wire, Protocol, Stripe Blog, and Reuters
Tweets: @bayareawriter and @stripe
| Leah Nylen / Bloomberg: |
Sources: the FTC has revamped its Amazon antitrust probe, shaking up the investigative team, re-interviewing potential witnesses, and asking about the MGM deal — The US Federal Trade Commission has revamped its antitrust probe of Amazon.com Inc., shaking up the investigative team … | Jason Mikula / Fintech Business Weekly: |
Q1 2022 filings: Varo, the first US neobank to receive a bank charter, had $263M equity, an $84M burn rate, and 98% of its income came from interchange and fees — What the Regulators Should (and Shouldn't) Do to Encourage Competition — Hey all, Jason here. Happy Memorial Day, for my American readers!
Tweets: @cplimon, @dgwbirch, @alexh_johnson, @akindolu, @chris_skinner, @eghosao, @mikulaja, and @notgwera
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