Techmeme
June 2, 2022, 4:10 PM

Top News

Bloomberg:
After helping build Google's and Meta's massive ad businesses, Sheryl Sandberg's legacy is complicated by blind spots on data, misinformation, and more  —  Sheryl Sandberg once remarked that she felt she was put on earth to scale organizations — and during her career as one of the most powerful executives …
Ina Fried / Axios:
Meta announces a broad AI reorganization: VP of AI Jerome Pesenti will leave later in June, the Responsible AI team will join the Social Impact team, and more  —  Facebook parent Meta announced a broad reorganization of its AI efforts Thursday, a move that will embed more work within product teams …
Parmy Olson / Bloomberg:
Jordan Novet / CNBC:
CNBC:
Source: Sheryl SandbergMore: Bloomberg, Wired, New York Times, Fortune, Wall Street Journal, The Verge, The Guardian, Digiday, New York Post, Associated Press, Benzinga, Noticias Tech, Coinspeaker, TechRepublic, Fossbytes, WRAL TechWire, Newslit Daily, Android Authority, Silicon Canals, The Cut, People.com, iMore, Los Angeles Times, TechCircle, Puck, The Economic Times, BGR India, The Economic Times, Social Media Today, Sublink, Forbes, The Information, Reuters, and Newsweek
Hema Parmar / Bloomberg:
Tiger Global's investor letter shows its fund dropped 14.2% in May, due to losses in tech stocks and markdowns in private assets, pushing its 2022 losses to 52%  —  Losses at Tiger Global Management reached 52% this year, prompting the firm to cut management fees and create separate accounts …
Ashley Carman / Bloomberg:
Spotify's “white noise” podcasters are making thousands of dollars per month creating soothing sounds, a growing market that major networks have yet to explore  —  People on the prowl for a new podcast to consume often go for a stimulating option like a political debate or a true crime mystery to quicken the pulse.
Brenda Goh / Reuters:
Amazon plans to stop supplying retailers in China with Kindles, close its Kindle e-bookstore in China on June 30, 2023, and remove the Kindle app in 2024  —  Amazon.com (AMZN.O) said it will stop supplying retailers in China with its Kindle e-readers from Thursday and will shut its Kindle e-bookstore …
Nitasha Tiku / Washington Post:
Some Google staff say Google is willfully ignoring caste bias after the company canceled a presentation on the topic, which caused a senior manager to resign  —  The rising Hindu nationalist movement that has spread from India through the diaspora has arrived inside Google, according to employees and an activist on caste bias.
Arun Padmanabhan / The Economic Times:
ExpressVPN decides to pull its servers out of India, citing the impossibility of complying with an upcoming mandate to record users' names and activities  —  New Delhi: Virtual private network (VPN) operator ExpressVPN is pulling its servers out of India, citing the impossibility of complying …
Carly Page / TechCrunch:
Mandiant: Russia-based cybercriminal group Evil Corp has shifted to a ransomware-as-a-service model to evade December 2019 US sanctions for its Dridex malware  —  The Russia-based cybercriminal group known as Evil Corp has shifted to a ransomware-as-a-service model in an effort to skirt U.S. sanctions …
Harry McCracken / Fast Company:
Reddit's first chief product officer Pali Bhat and CEO Steve Huffman talk about the site's growth plans, how AI can help its 50K volunteer moderators, and more  —  When Reddit decided to hire its first chief product officer last year, one of the first candidates that cofounder …

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Andrew Hayward / Decrypt:
Alexander Martin / Sky News:
Brian Platt / Bloomberg:
Zack Seward / CoinDesk:
Lauren Forristal / TechCrunch: