May 9, 2023, 4:35 AM

Top News

Ryan Browne / CNBC:
Ripple's CEO says the company will have spent $200M fighting SEC's lawsuit that accuses him, a co-founder, and Ripple of selling XRP as an unregistered security  —  - Ripple will have spent $200 million by the time its legal battle with the U.S. Securities and Exchange Commission is over, CEO Brad Garlinghouse said.
Ryan Browne / CNBC:
David Pierce / The Verge:
How Google's attempt to create a better, faster mobile web for media companies with the AMP standard ended up ruining publishers' trust in the internet giant  —  Google promised to create a better, faster web for media companies with a new standard called AMP.  In the end, it ruined the trust publishers had in the internet giant.
Dan Goodin / Ars Technica:
Google's passkey offering is refined and comprehensive enough to recommend, but the ecosystem is incomplete, despite PayPal, Kayak, and others using passkeys  —  The passkey ecosystem is far from complete, but Google's implementation is now ready to use.  —  By now, you've likely heard …
Nikhilesh De / CoinDesk:
Crypto exchange Bittrex files for bankruptcy in Delaware; filing: the company estimates both its liabilities and assets to be between $500M and $1B  —  Bittrex already announced its intention to exit the U.S., but also faces an SEC enforcement action.  —  Crypto exchange Bittrex has filed …
Jennifer Elias / CNBC:
Internal docs: Google plans to announce generative AI updates at Google I/O on May 10, including launching PaLM 2, a general-use LLM supporting 100+ languages  —  - Google's hefty investments in artificial intelligence will be on display at its annual developer conference this week.
Stephen Nellis / Reuters:
LinkedIn to cut 716 jobs and shut down InCareer, its local jobs app in China, by August 9, citing fierce competition and a challenging macroeconomic climate  —  LinkedIn, the social media network owned by Microsoft Corp (MSFT.O) that focuses on business professionals, said on Monday …
Nikhilesh De / CoinDesk:
Sam Bankman-Fried's lawyers file pretrial motions to dismiss most criminal charges against him, but not charges tied to securities fraud and money laundering  —  Bankman-Fried did not move to dismiss charges tied to securities fraud or money laundering.  —  FTX founder Sam Bankman-Fried …
Akanksha Khushi / Reuters:
Binance halted bitcoin withdrawals for an hour late on May 7 and for several hours on May 8, blaming heavy volumes and an unanticipated rise in network gas fees  —  Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees …
Munsif Vengattil / Reuters:
Truecaller plans to make its caller ID service available globally over WhatsApp and other messaging apps later in May to help users spot potential spam calls  —  Truecaller (TRUEb.ST) will soon start making its caller identification service available over WhatsApp and other messaging apps …

Sponsor Posts
Free compensation benchmarking data from 3,000 startups  —  Search by job title and get FREE access to market pay data.  Paid version helps HR teams automate comp reviews and communicate total compensation to employees.
LLMs can label data as well as humans, but 100x faster  —  Looking to clean, label or enrich your data, but taking too much time?  Just describe your problem to our LLMs and let them do the work for you in minutes.
Give your startup an advantage with Mercury Raise  —  Building a successful company takes more than an idea — it takes the right connections, network, and guidance.  Mercury Raise gives you all three.
What's new: Zoho's apps on deck for macOS Sonoma  —  Welcome back!  It's been a week since we posted about the compatibility of Zoho's suite of apps with Apple's iOS and iPadOS 17 updates.
Techmeme Ride Home:
Wed. 09/27 - The Big Amazon Lawsuit
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 4:35 AM ET, May 9, 2023.

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

Lynn Doan / Bloomberg:

Earlier Picks

Isaiah Poritz / Bloomberg Law:
Ingrid Lunden / TechCrunch: