Techmeme
June 3, 2022, 2:35 PM

Top News

Kyle Wiggers / TechCrunch:
Amazon says Dave Clark, CEO of its Worldwide Consumer division, will step down after 23 years with the company; his last day in the office will be July 1, 2022  —  Amazon today announced that Dave Clark, CEO of the company's worldwide consumer division, will step down after 23 years in the position.
Emma Fletcher / Federal Trade Commission:
More than 46,000 people have reported losing $1B+ to crypto scams from January 1, 2021 through March 31, 2022, about 25% of all losses reported to the FTC  —  From Super Bowl ads to Bitcoin ATMs, cryptocurrency seems to be everywhere lately.  Although it's yet to become a mainstream payment method …
Washington Post:
A bipartisan data privacy bill, unveiled in the House and Senate, will let users opt out of targeted ads and sue companies that improperly sell their data, more  —  Considered a step forward, the proposal still doesn't have support of some key members  —  A bipartisan group of legislators …
CoinDesk:
The New York State Senate passes a bill to ban crypto mining powered by carbon-based sources for two years; the governor now needs to sign the bill or veto it  —  The state Assembly had already passed the bill, which would bar new mining operations powered by carbon-based energy sources for two years.
Wall Street Journal:
Sources: Sandberg left Meta feeling burned out and amid an internal probe into her activities, including using corporate resources to plan her wedding  —  One of the world's most powerful executives became increasingly burned out and disconnected from the mega-business she was instrumental in building.
Taylor Lorenz / Washington Post:
Creators who focused on the Johnny Depp vs. Amber Heard trial made thousands of dollars through platform incentives, influencing public opinion in the process  —  Influencers discovered there's money and clout to be made in covering breaking news  —  When the verdict came …
Insider:
Sources: Facebook is developing a “basic ads” product that uses metrics like engagement and video views instead of using anonymized personal info from users  —  - Meta's Facebook is early in developing a “basic ads” product as privacy changes limit its targeting abilities.
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 …
Edward Ongweso Jr / VICE:
Masayoshi Son used SoftBank's Vision Fund to build a society mediated by AI, but failed as he invested in firms with exploitative technology, not explorative  —  Masayoshi Son used SoftBank and its $100 billion Vision Fund to remake the world in its image.  It's not a pleasant picture.
Rebecca Bellan / TechCrunch:
GM's Cruise secures a permit to charge fares for its driverless robotaxi service in San Francisco, operating at up to 30mph on select streets from 10PM to 6AM  —  Cruise, the autonomous vehicle unit of General Motors, has finally been given the green light to start charging fares for its driverless robotaxi service in San Francisco.

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