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May 15, 2025, 6:05 PM
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Niket Nishant / Reuters:
Coinbase says hackers accessed a “small subset” of users' data, but not credentials, expects to incur $180M to $400M in costs, and refuses to pay a $20M ransom  —  Coinbase (COIN.O) forecast a hit between $180 million and $400 million from a cyber attack that breached account data of a …
More: Coinbase, TechCrunch, CNBC, Fortune, Decrypt, The Verge, BleepingComputer, Android Police, CoinDesk, Protos, Infosecurity, The Hill, The Block, Capital Brief, The Hacker News, Fast Company, Associated Press, BBC, CoinDesk, The Register, Yahoo Finance, Tom's Guide, Reuters, Bitcoin Insider, The Daily Hodl, SiliconANGLE, Dexerto, Crypto Briefing, NBC News, 9to5Mac, Financial Times, Ledger Insights, Barron's Online, Cryptopolitan, ZeroHedge News, Wall Street Journal, Cointelegraph, Cyber Security News, The Record, CryptoSlate, CoinGape, City A.M., Tom's Hardware, and The Information
Bluesky: @zackwhittaker.com, @self.agency, @brunojnavarro, @joemenn, and @zackwhittaker.com.  Threads: @parkert
X: @brian_armstrong, @coinbase, @coinbase, @evgenygaevoy, @qwqiao, @tayvano_, @asvanevik, @andrewdarmacap, @zachxbt, @mrjasonchoi, @zachxbt, @randhindi, @boldleonidas, @boldleonidas, @twobitidiot, @erikvoorhees, @johnedeaton1, @adamscochran, @charlesarthur, @0xbreadguy, @deeze, @pumatheuma, @greg16676935420, @adamscochran, @trading_axe, @lefterisjp, @crypt0e, @molly0xfff, @atabarrok, @tmnxeq, @lemiscate, @cobie, @arthur_0x, @tmnxeq, @cobie, @monetsupply, @federicotenga, @inversebrah, @r89capital, @zerohedge, @tmnxeq, @jeffjohnroberts, @mayazi, @phildaian, @mdudas, @arthur_0x, @tmnxeq, @arthurb, @antoniogm, @cmsholdings, and @tmnxeq
LinkedIn: Lloyd Evans, Gianluca Varisco, Jeff John Roberts, and Frank McGovern
Forums: r/cybersecurity, r/ProtonMail, r/Bitcoin, r/Buttcoin, r/ScottGalloway, r/cybersecurity, r/CryptoMarkets, and r/technology
Bloomberg:
Source: hackers bribed enough Coinbase customer service representatives to achieve effectively on-demand access to Coinbase customer information since January
Bloomberg:
President Trump says he told Tim Cook that “I don't want you building in India”, “India can take care of themselves”, and Apple will be “upping” US production  —  President Donald Trump said India has made an offer to drop tariffs on US goods …
Issie Lapowsky / Vanity Fair:
Q&A with the FT's Patrick McGee on his new book, Apple in China, which examines Apple's role in enabling China's rise; Apple says it is “full of inaccuracies”
Wall Street Journal:
Sources: Meta has delayed the rollout of its Behemoth LLM, internally slated for an April release, to fall or later after struggling to improve its capabilities  —  The company's struggle to improve the capabilities of latest AI model mirrors issues at some top AI companies
Zach Vallese / CNBC:
YouTube launches a weekly top podcast shows chart, tracking podcasts in the US and updated every Wednesday; The Joe Rogan Experience currently tops the chart  —  YouTube is solidifying its place in podcasts.  —  The company on Thursday announced the launch of a weekly top podcast shows chart, rivaling those from Spotify and Apple.
Benjamin Mayo / 9to5Mac:
Apple rolls out CarPlay Ultra, the next generation of CarPlay, in new and existing Aston Martins in North America after months of delays, before a wider rollout  —  After months of delays, Apple today officially announced the launch of next-gen CarPlay, now with a new brand name of ‘CarPlay Ultra’.
Sarah Perez / TechCrunch:
Threads now lets users add up to five links to their profile bios and rolls out analytics tools to track clicks on profile links and links shared in posts  —  Instagram Threads is taking on Linktree and other “link-in-bio” solutions by introducing a way for creators to use their Threads profile …
New York Times:
Coinbase says it is working with the US SEC to resolve an investigation into whether it misstated its user numbers by reporting 100M+ “verified users” in 2021  —  The inquiry continued even after the commission dropped a lawsuit accusing Coinbase of illegally marketing digital currencies to the public.
Barbara Moens / Financial Times:
The EU provisionally finds that TikTok breached the DSA by failing to offer a publicly searchable ad library, and could fine it up to 6% of its global revenue  —  Ad transparency investigation is one of several ongoing European cases against social media platform
Jess Weatherbed / The Verge:
Apple adds red exclamation mark warnings on EU App Store listings for apps using third-party payment systems, not Apple's “private and secure payment system”  —  Apple suggests that users are putting themselves at risk by using third-party alternatives.
Johnny Ryan / Irish Council for Civil Liberties:
The Belgian Court of Appeal rules that the Transparency & Consent Framework, used by Google, Microsoft, Amazon, X, and the ad industry, is illegal across Europe  —  Landmark court decision against “TCF” consent pop ups on 80% of the internet  —  Google, Microsoft, Amazon, X …
Joe Tidy / BBC:
Hacking group DragonForce says it stole UK retailer Co-op's customer data but couldn't deploy ransomware because Co-op quickly shut down its systems, unlike M&S  —  Co-op narrowly averted being locked out of its computer systems during the cyber attack that saw customer data stolen …
ProPublica:
How the US conducted a monthslong campaign to push The Gambia and at least four other developing nations to license Starlink; diplomats call the events alarming  —  The State Department has intervened on behalf of Musk's satellite internet company in five developing nations.
Jason Schreier / Bloomberg:
Take-Two reports Q4 net bookings up 17% YoY to $1.58B, vs. $1.55B est., net revenue up 13% YoY to $1.58B, and forecasts FY 2026 net bookings below expectations  —  Bookings, a measure of sales, grew 17% to $1.58 billion in the fourth quarter ended March 31, surpassing Wall Street projections of $1.55 billion.
Lauren Forristal / TechCrunch:
YouTube previews new ad formats coming to the platform, including an enhanced shoppable connected TV offering that has an interactive product feed on the right  —  YouTube made its pitch to advertisers on Wednesday, accompanied by a flashy performance from Lady Gaga and special appearances …
Zach Vallese / CNBC:
YouTube unveils Peak Points, a pilot Gemini feature for targeting ads after viewers are most engaged with a video, aiming for more impressions and a higher CTR
Bloomberg:
Docs: Microsoft's recent layoffs of 6,000 workers hit software engineers the hardest, making up 40%+ of the ~2,000 positions cut in its home state of Washington  —  In Microsoft's home state of Washington, software engineering was by far the largest single job category to receive layoff notices …
Bloomberg:
Sources: DOJ is conducting a criminal antitrust probe into whether Live Nation and AEG illegally colluded on concert refunds at the start of the COVID pandemic  —  The US Justice Department is conducting a criminal antitrust probe into how companies responded to mass concert cancellations …
See also Mediagazer
Sarah Perez / TechCrunch:
Pinterest apologizes for a recent wave of mass account bans, saying “an internal error led to over-enforcement”  —  Pinterest has now publicly apologized for the wave of moderation issues that have swept across the social network over the past few weeks, leading to account bans …
More: The Verge.  Bluesky: @kosso.co.uk

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From Mediagazer

New York Times:
Sources: the White House directed FBI director Kash Patel to personally oversee the probe into NYT reporting about Air Force One, before subpoenas were issued

Jake Kanter / Deadline:
BBC Director General Matt Brittin says he will review BBC's foreign content acquisition strategy amid criticism over outbidding rivals for shows like Scooby-Doo

Scott Roxborough / The Hollywood Reporter:
Q&A: Banijay CEO Marco Bassetti on the All3Media merger, plans to expand beyond TV into live events and sports, preserving flexible company culture, and more

More News

Earlier Picks

Steve Lohr / New York Times:
How the Mayo Clinic uses AI to boost efficiency and amplify human abilities in its radiology department, which has an AI team of 40 people and 400+ radiologists
Andy Greenberg / Wired:
Huione Guarantee, a Telegram-based black market for crypto scammers and money launderers that enabled $27B+ in transactions, shuts down after mass account bans
Kyle Wiggers / TechCrunch:
OpenAI launches the “Safety evaluations hub”, a webpage showing how its models score on tests for harmful content generation, jailbreaks, and hallucinations
More: CNBC, OpenAI, MacRumors, and TechCrunch
Bluesky: @sal19.  X: @haydenfield and @openai
LinkedIn: Jasleen Carroll and Jennifer Elias
Forums: Hacker News and r/technews
Kirsten Korosec / TechCrunch:
Lidar manufacturer Luminar says that founder and CEO Austin Russell resigned following an ethics inquiry and appoints former Nuance CEO Paul Ricci as its CEO
Jeremy Kahn / Fortune:
Samaya AI, which is building AI models that assist financial analysts, raised a $43.5M Series A led by NEA; Eric Schmidt, Yann LeCun, and others also invested
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