Techmeme
June 3, 2022, 3:30 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 …
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.
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
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  —  Considered a step forward, the proposal still doesn't have support of some key members  —  A bipartisan group of legislators …
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.
Edward Ongweso Jr / VICE:
Masayoshi Son failed to use SoftBank's Vision Fund to build a society mediated by AI, as he invested in firms that leverage exploitative, not explorative, tech  —  Masayoshi Son used SoftBank and its $100 billion Vision Fund to remake the world in its image.  It's not a pleasant picture.

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More News

Rebecca Bellan / TechCrunch:
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Earlier Picks

Mark Gurman / Bloomberg:
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Todd Bishop / GeekWire:
Nikhilesh De / CoinDesk: