May 31, 2024, 4:20 PM

Top News

Abner Li / 9to5Google:
Emily Nicolle / Bloomberg:
Tether acquires a $100M stake in US-listed bitcoin miner Bitdeer owned by Chinese billionaire Jihan Wu, with an option to buy $50M more in shares within a year  —  - Bitcoin miner is owned by the Chinese billionaire Jihan Wu  — Bitdeer was previously in talks with private credit firms
The US Treasury Department plans to make the IRS' Direct File program permanent from the 2025 tax season and invites all states and Washington DC to participate  —  - Treasury announced earlier this month that more than 140,000 people participated in the Direct File pilot program …
Michael Kan / PCMag:
Google plans to disable extensions built with the older Manifest V2 framework on June 3, beginning with users of Chrome's Beta, Dev, and Canary versions  —  The move begins with Chrome beta users on June 3, before a gradual phaseout of ‘Manifest V2’ extensions for all users in the coming months, which could impact uBlock Origin.
Brian Fung / CNN:
FCC ends the Affordable Connectivity Program, which helped low-income Americans afford internet service, after the House failed to approve additional funding  —  The Affordable Connectivity Program, which helped low-income Americans get online, is no more.  —  On Friday, the US government announced …
Ben Lovejoy / 9to5Mac:
Meta is notifying Instagram and Facebook EU users that it's using their data to train its AI models, and users can opt out, “if your objection is honoured”  —  If you use Instagram or Facebook, Meta is using your data to train its AI models.  The company uses posts as training material for its generative AI systems.
Devin Coldewey / TechCrunch:
Researchers claim that 2,107 US voters, mostly older, white Republican women, accounted for spreading 80% of the fake news on Twitter during the 2020 election  —  A pair of studies published Thursday in the journal Science offers evidence not only that misinformation on social media changes minds …
Japanese crypto exchange DMM Bitcoin says it has lost 4,502.9 bitcoin, worth about $308M, in an “unauthorised leak”, and is investigating the incident  —  TOKYO, May 31 (Reuters) - Japan's cryptocurrency exchange DMM Bitcoin said on Friday that it had lost 4,502.9 bitcoin …
Evgeny Obedkov / Game World Observer:
Sony says PS5 generated $106B in revenue in less than four years vs. PS4's $107B over seven years, PS5 in-game purchases spending up 176% over PS4, and more  —  Sony has published its annual business briefing.  Here are the key takeaways about the performance of the PlayStation business and updates to the company's gaming strategy.
Paul Sawers / TechCrunch:
The European Commission designates Temu as a “very large online platform” and says the company will have to comply with DSA rules by the end of September 2024  —  Temu, the super low-cost e-commerce marketplace owned by Chinese online retailer Pinduoduo, is to face …
Zheping Huang / Bloomberg:
Sources: TikTok pauses plans to launch its e-commerce business in major European markets to focus on growth in the US where it's fighting the divest-or-ban law  —  - ByteDance halts plan to roll out shopping from Spain to Italy  — Company aims to entrench itself in its most lucrative market
Kurt Wagner / Bloomberg:
How Meta revamped Facebook's feed to show more posts from outside a person's network of friends and family, in a move to fight TikTok and win back younger users  —  - Feed now features a broader array of posts based on interest  — More young adults are back on Facebook after years of declines

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