Techmeme
June 2, 2022, 2:35 PM

Top News

CNBC:
Sheryl Sandberg is leaving Meta this fall after 14 years, and chief growth officer Javier Olivan will take over as COO; Sandberg will stay on Meta's board  —  Sheryl Sandberg is stepping down from her role as Chief Operating Officer at Meta, the company formerly known as Facebook.
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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 …
Bloomberg:
After helping build Google's and Meta's massive ad business, 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 …
Jordan Novet / CNBC:
Parmy Olson / Bloomberg:
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 …
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 …
Andrew Hayward / Decrypt:
The Solana blockchain was down for about four hours on Wednesday after a bug blocked consensus; network validators disabled the feature to restart the network  —  SOL is down 11% for the day as Solana dealt with another period of downtime, forcing a rollback and restart by validators.  —  In brief
Alexander Martin / Sky News:
US Cyber Command head Paul Nakasone confirms that US military hackers have conducted cyberattacks in support of Ukraine in response to Russia's invasion  —  In an exclusive interview with Sky News, General Paul Nakasone confirmed for the first time that the US had “conducted a series of operations” …
Oshry Alkeslasi / Geektime:
Tel Aviv-based Laminar, which helps companies manage public cloud data security, raises $30M led by Salesforce and Tiger Global, bringing its Series A to $67M  —  The Israeli startup doubles its recruitment from last November and add alongside Sentinel One, Insight, Tiger Global and the support …
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