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May 28, 2022, 1:15 AM
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| Josh Eidelson / Bloomberg: |
The CWA withdraws its bid for a union election next week for staff at an Atlanta Apple store, citing Apple's “sophisticated campaign to intimidate” and COVID-19 — The labor group trying to organize Apple Inc. employees at an Atlanta store is withdrawing its request for an election …
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Kotaku, The Verge, Engadget, IGN, CNET, 9to5Mac, Protocol, AppleInsider, CNBC, and Daring Fireball
| Rest of World: |
Some people in countries with high inflation say they lost thousands in savings after investing in UST, which seemed more stable than their local currency — “I have nothing left, not even a penny.” — Valeria makes around $300 a month selling prepared food from her home in Buenos Aires.
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Wall Street Journal and The Verge
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| Nivedita Balu / Reuters: |
Filing: Twitter rejects Elon Musk ally Egon Durban's resignation from the board, two days after shareholders blocked his re-election at an annual meeting — Twitter Inc (TWTR.N) said in a filing on Friday it would not accept Egon Durban's resignation from the board, after shareholders blocked …
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Bloomberg, Financial Times, New York Post, Social Media Today, Gizmodo, Protocol, The Verge, Forbes, CNBC, and Benzinga. Tweets: @quinnypig
| Kate Conger / New York Times: |
In an April 4 letter, the SEC told Elon Musk it is probing his March purchases and disclosures of Twitter stock, and whether he was truly a “passive” investor — The regulator questioned whether the Tesla chief executive had disclosed his stake at the right time.
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Protocol, The Guardian, Axios, The Verge, The Register, Washington Post, Reuters, CNN, Wall Street Journal, Bloomberg, and iPhone in Canada Blog
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| Lora Kolodny / CNBC: |
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| Ben Schoon / 9to5Google: |
Report: Samsung notified its partners to cut smartphone production for the rest of 2022 and manufacture ~280M devices, down from ~310M as initially planned — Samsung is the biggest smartphone manufacturer on the planet, but it's not immune to the pressure that the entire market has been feeling.
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SamMobile, CNET, PhoneArena, The Verge, and Phandroid
| Kashmir Hill / New York Times: |
A look at PimEyes, a paid facial recognition service that charges up to $300 per month to exclude photos, which some women describe as “essentially extortion” — PimEyes is a paid service that finds photos of a person from across the internet, including some the person may not want exposed.
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CNN, PimEyes, KnowTechie, PCMag, Pixel Envy, Newslit Daily, The Overspill, Daring Fireball, and The Hill
| Sergiu Gatlan / BleepingComputer: |
Microsoft researchers find high severity vulnerabilities in mce Systems' framework used by Android apps from carriers including AT&T, Telus, Rogers, and Bell — Microsoft security researchers have found high severity vulnerabilities in a framework used by Android apps from multiple large international mobile service providers.| Michelle Ma / Protocol: |
Layoffs.fyi data: 60 tech companies cut 16,000+ jobs in May 2022; Microsoft, Nvidia, Lyft, Snap, Uber, Coinbase, Salesforce, Meta, and Twitter slowed hiring — What goes up must come down. — High-flying startups with record valuations, huge hiring goals and ambitious expansion plans … | Dan Primack / Axios: |
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TechCrunch, Bolt, Fortune, Crunchbase News, Market Intelligence, Tech in Asia, Protocol, New York Times, PYMNTS.com, Forbes, New York Post, San Francisco Business Journal, City A.M., and Axios
Tweets: @yoda, @tomaxwell, @emilyrpeck, @matteing, @lizette_chapman, @theryanford, @courtenay_brown, @danprimack, @hhariri, and @kuruvillamaju
| Christine Hall / TechCrunch: |
Argentina-based ClicOH, which lets sellers across Latin America track shipments in real time via its dashboard, raises a $25M Series A led by Tiger Global — E-commerce is an $85 billion business in Latin America, and as that market is poised to essentially double in three years …
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GlobalFinTechSeries and The Paypers
| Preetika Rana / Wall Street Journal: |
YipitData: average Uber and Lyft fares in the US hit a record high in April, as they drew ~20% fewer riders and 35% fewer trips in Q1 2022 compared to Q1 2019 — The companies are cutting costs, bringing back cheaper rides and looking for new ways to woo drivers| Iris Deng / South China Morning Post: |
China's iQiyi, a streaming service majority-owned by Baidu and listed on the Nasdaq, reported its first quarterly profit, $26.7M in Q1, after cutting spending — The Nasdaq-listed company, majority-owned by search giant Baidu, made a profit of 169.1 million yuan (US$26.7 million) …
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PR Newswire, Yicai Global, SHINE, Variety, and TechNode
| Budi Sutrisno / Tech in Asia: |
Jakarta-based Bibit, which offers robo-advisor services to help millennial users invest in mutual funds based on their risk profiles, raises $80M+ led by GIC — Indonesia-based investment app Bibit has raised over US$80 million in a funding round led by GIC, with participation from Prosus Ventures and other existing investors.
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