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.

Sponsor Posts

Intel:
Managing a Complex Multi-Cloud Environment Requires a Reliable Ecosystem  —  To avoid vendor lock-in and effectively manage your mission critical workload needs, you need a reliable ecosystem and architecture
Vesto:
The treasury management platform built for startups  —  Put your idle cash to work, earn higher yields, and extend your runway with Vesto.
Census:
Figma's CFO on how they built a $20B business with data  —  From Series B to acquisition, Figma needed Census to scale their business operations on top of their data warehouse.
Zoho:
Stay Even More Organized With Notebook's Exclusive Plans  —  It's been six years since we introduced a simple, beautifully designed note-taking app.  Now, that little app has grown into an all-in-one productivity app …
Climate Draft:
Climate Career Resources for Laid Off Tech Workers  —  Your skills are in demand!  Check out our jobs board, learn about the climate ecosystem, and join our directory to make yourself discoverable to top venture-backed startups.
Techmeme Ride Home:
(Bonus) Internet From Space! With The Internet Society
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:35 PM ET, June 3, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Dean Seal / Dow Jones Newswires:
Simon Sharwood / The Register:

Earlier Picks

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