Techmeme
May 31, 2022, 6:25 PM

Top News

Greg Stohr / Bloomberg Law:
SCOTUS blocks Texas' social media content moderation law in a 5-4 vote, putting the measure on hold while a constitutional challenge proceeds in a lower court  —  The US Supreme Court blocked a Texas law that critics say would fundamentally transform Twitter Inc. and Meta Platforms Inc.'s Facebook …
Dan Goodin / Ars Technica:
Researchers told Microsoft on April 12 about an RCE Windows exploit active in the wild; Microsoft called the flaw critical on May 30 but still hasn't patched it  —  All supported versions of Windows affected.  —  A critical code execution zero-day in all supported versions of Windows …
David Heaney / UploadVR:
Kuo: Sony will mass produce ~1.5M units of its PSVR 2 headset in H2 2022 for a possible Q1 2023 launch, depending on the development schedule of flagship games  —  A prominent supply chain analyst claims PSVR 2 mass production will begin in the second half of this year.
Gary Silverman / Financial Times:
At a CFTC meeting, agricultural groups criticized FTX CEO Sam Bankman-Fried's plan for automated risk management and 24/7 trading in leveraged futures markets  —  Agricultural groups criticise FTX plan for round-the-clock risk management in leveraged futures market
Passant Rabie / Gizmodo:
Elon Musk: “Starlink 2.0 satellites are almost an order of magnitude more capable than Starlink 1.0” and weigh 4.8X more, needing the upcoming Starship rocket  —  The generation 2 satellites are meant to be more powerful than their earlier counterparts.  —  Alerts
Leah Nylen / Bloomberg:
Sources: the FTC has revamped its Amazon antitrust probe, shaking up the investigative team, re-interviewing potential witnesses, and asking about the MGM deal  —  The US Federal Trade Commission has revamped its antitrust probe of Amazon.com Inc., shaking up the investigative team …
Jason Mikula / Fintech Business Weekly:
Q1 2022 filings: Varo, the first US neobank to receive a bank charter, had $263M equity, an $84M burn rate, and 98% of its income came from interchange and fees  —  What the Regulators Should (and Shouldn't) Do to Encourage Competition  —  Hey all, Jason here.  Happy Memorial Day, for my American readers!

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