Techmeme
June 2, 2022, 9:10 PM

Top News

Anushree Dave / The Block:
Coinbase extends its hiring freeze “for as long as this macro environment requires” and will “rescind a number of accepted offers”, updating new hires by email  —  Coinbase is rescinding some accepted job offers and extending an existing pause on hiring new candidates …
Nikhilesh De / CoinDesk:
The CFTC sues Gemini, alleging that the crypto exchange's staff misled the federal regulator during Gemini's 2017 effort to launch bitcoin futures contracts  —  Gemini partnered with Cboe to try and launch what would have been the nation's first bitcoin futures contracts.
Zack Seward / CoinDesk:
Mark Gurman / Bloomberg:
Sources: iPadOS 16 will have a redesigned multitasking interface, letting users resize app windows and offering new ways to handle multiple apps at once  —  Apple Inc. will announce significant changes to the iPad's software next week at its annual Worldwide Developers Conference …
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.
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 …
Todd Bishop / GeekWire:
Microsoft releases four principles recognizing its employees' rights to organize; president Brad Smith promises an “open and constructive approach” to unions  —  Conceding that the rise of labor unions in tech may ultimately reach its own business, Microsoft released a new set …
Mark Gurman / Bloomberg:
Sources: Apple plans to improve working hours for retail staff, including more hours between shifts, no work for more than five days in a row, and more  —  Apple Inc. has agreed to make work schedules at its retail stores more flexible, according to employees with knowledge of the plans …
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 …
David Pierce / The Verge:
A developer finds that Twitter appears to be working on Search Subscribe, a feature that lets users receive notifications for new tweets matching a search query  —  Think Google Alerts, but for Twitter  —  Twitter appears to be working on a feature called “Search Subscribe,” …
Chance Miller / 9to5Mac:
Square plans to roll out support for Apple's new Tap to Pay on iPhone feature in its Square Point of Sale app later in 2022 and launches an Early Access Program  —  Square announced today that it is signing on to support Apple's new Tap to Pay on iPhone feature.
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 …
Mary Ann Azevedo / TechCrunch:
Sources: online insurance marketplace Policygenius laid off ~170 employees, or ~25% of its staff, less than three months after raising a $125M Series E  —  Policygenius, an insurtech that raised $125 million in a Series E round less than three months ago, has reportedly laid off 25% of its staff.
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 …
Adnan Bhat / Rest of World:
Indian edtech firms are struggling post-pandemic; Byju's-owned WhiteHat Jr. reportedly had ~800 educators quit, Lido shuttered and let go of 1,200 staff  —  The pandemic drove a boom in online education startups.  Now they're laying off employees by the hundreds.  —  • NEW DELHI, INDIA
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.

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Arun Padmanabhan / The Economic Times:
Brenda Goh / Reuters:
Parmy Olson / Bloomberg: