Techmeme
May 11, 2021, 2:20 AM

Top News

Eamon Javers / CNBC:
DarkSide, the group behind the pipeline attack, claims it wants to make money, not cause “problems for society”, and it'll add “moderation” to picking targets  —  - A hacker group called DarkSide is behind the cyberattack on Colonial Pipeline that shut down a major oil pipeline over the weekend.
Wall Street Journal:
Colonial Pipeline, which carries 45% of fuel consumed on the US East Coast, says it halted operations due to a ransomware attack  —  Colonial Pipeline carries roughly 45% of gasoline and diesel fuel consumed on the East Coast  —  The main pipeline carrying gasoline and diesel fuel …
Dustin Volz / Wall Street Journal:
Colonial Pipeline says it is working on “substantially restoring operational service by the end of the week”; FBI confirms DarkSide was behind the attack  —  DarkSide, a ransomware organization believed to be based in Eastern Europe, says it has no connection to foreign governments
Bloomberg:
Mitchell Clark / The Verge:
Facebook says it's testing a prompt that encourages users to open unread articles before sharing them, about a year after Twitter debuted a similar prompt  —  The new pop-up is being tested starting today  —  Facebook has announced on Twitter that it will start testing a pop-up that asks users …
Issie Lapowsky / Protocol:
AGs from 44 states urge Facebook to abandon plans to launch a version of Instagram for kids under 13, citing research about the harm social media can cause kids  —  In a letter sent to Mark Zuckerberg Monday, attorneys general from 44 states urged the Facebook CEO to abandon plans to launch a version of Instagram for kids under 13.
Ben Bergman / dot.LA:
Docs show that Bird is preparing to go public via a SPAC merger at $2.3B valuation; Bird expects to trim adjusted EBITDA loss to $96M in 2021 vs. $183M in 2020  —  Bird Rides, the Santa-Monica e-scooter company that was once a startup darling but saw ridership plunge during the pandemic …
Ian Hamilton / UploadVR:
Sources: Sony's next-gen VR headset for PlayStation 5 will have improved resolution of 2000×2040 per eye, inside-out tracking, foveated rendering, and more  —  Sony's next-generation VR headset for PlayStation 5 has significantly higher resolution, inside-out tracking, a vibration motor …
MacKenzie Sigalos / CNBC:
Roblox reports Q1 revenue grew 140% YoY to $387M, DAUs rose 79% YoY to 42.1M, and users spent 9.7B hours on the platform, up 98% YoY; stock up 5%+ after hours  —  - In Q1, Roblox reported a loss per share of 46 cents, the company reported on Wednesday.  — It also brought in $387 million of revenue.
Wayne Ma / The Information:
Investigation: seven Apple component suppliers are linked to alleged forced labor involving Uyghurs and minorities in China; some received thousands of workers  —  Advanced-Connectek has made unglamorous but critical computer components for Apple for more than a decade.
Ari Levy / CNBC:
Cloud stocks plunge to six-month low, with Snowflake among the worst performers, closing at $193.82, down from about $314 in mid February  —  - An index of cloud software stocks dropped for the seventh day in eight days, reaching its lowest since November.  — Investors have been moving …
Eric Lipton / New York Times:
Overview of the major uptick in spending on lobbying in the US by crypto organizations like Coinbase, Ripple, and trade groups like the Blockchain Association  —  Companies behind digital currencies are rushing to hire well-connected lobbyists, lawyers and consultants as the battle over how to regulate them intensifies.
Takashi Mochizuki / Bloomberg:
Sony warns that the PlayStation 5 will remain in short supply through 2022, citing challenges despite a supply boost, with a goal of selling 14.8M units this FY  —  - CFO said hard to catch up with demand even with supply boost  — Sony sees imbalance as indicative of PlayStation's popularity
Tim Hardwick / MacRumors:
Apple awards $45M from its Advanced Manufacturing Fund to Corning, bringing its total investment in the precision glass maker to $495M  —  Apple today announced it is awarding its longtime iPhone, iPad, and Apple Watch glass supplier Corning an additional $45 million from its Advanced Manufacturing Fund …
Nikkei Asia:
A look at Samsung's struggles to compete with TSMC as it tries to acquire advanced chip manufacturing equipment from ASML  —  SEOUL — Samsung Electronics Vice Chairman Lee Jae-yong flew to the Netherlands in fall 2020 despite the COVID-19 pandemic, seeking crucial semiconductor production …
More: SamMobile
José Adorno / 9to5Mac:
A German security researcher claims he was able to break into the microcontroller of Apple's AirTag, allowing him to modify its NFC URL  —  The Apple AirTag has been released almost ten days ago.  Since then, we have seen a user rebuilding an AirTag as a thinner card that fits into wallets …

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