Techmeme
June 3, 2022, 10:05 PM

Top News

Emma Fletcher / Federal Trade Commission:
46,000+ people have reported losing $1B+ cumulatively to crypto scams from January 2021 through March 2022, 24% of dollar losses in fraud 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 …
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.
Ashley Carman / Bloomberg:
Clubhouse eliminated “a handful of roles” as part of a broader restructuring; leaving staff include the heads of news partnerships, community, and international  —  Clubhouse, the social audio app that became a big hit during the early days of the pandemic, laid off multiple employees this week …
Washington Post:
A House and Senate bipartisan data privacy bill would let users opt out of targeted ads and sue internet companies that improperly sell their data, and more  —  The proposal, considered a step forward, still lacks the support of some key members  —  A bipartisan group of legislators …
Russell Brandom / The Verge:
The New York State Assembly passes the first right-to-repair bill in the US covering electronics; Governor Kathy Hochul is expected to sign the measure  —  ‘Repairs should become less expensive and more comprehensive’ because of the new measure, says iFixit
Gideon Lewis-Kraus / New Yorker:
A look at the presentiment that social media is bad for society, as some researchers find the fears are overstated and others warn about effects on individuals  —  There's a general sense that it's bad for society—which may be right.  But studies offer surprisingly few easy answers.

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Techmeme Ride Home:
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Earlier Picks

Taylor Lorenz / Washington Post:
Rebecca Bellan / TechCrunch:
Simon Sharwood / The Register:
Wall Street Journal:
Anushree Dave / The Block:
Todd Bishop / GeekWire:
Nikhilesh De / CoinDesk: