Techmeme
May 31, 2022, 8:30 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 …
Aisha Malik / TechCrunch:
TikTok is testing a “clear mode” feature with select users that removes usernames, captions, audio information, and more for distraction-free scrolling  —  TikTok is testing a new feature that would allow for a distraction-free scrolling experience on the app, the company confirmed to TechCrunch.
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.
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 …
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
Jordan Novet / CNBC:
Salesforce reports Q1 revenue of $7.41B, up 24% YoY, vs $7.38B est., net income down 94% YoY to $28M, and operating cash flow up 14% YoY to $3.68B; stock up 6%+  —  - Salesforce earnings beat expectations on the top and bottom lines.  — Management raised its earnings forecast …
Mary Ann Azevedo / TechCrunch:
Affirm makes its BNPL services available to businesses that use Stripe, following Affirm's recent partnerships with Fiserv, Shopify, WooCommerce, and Verifone  —  Two fintech giants are partnering up.  —  Affirm is making its buy now, pay later technology available to businesses who use Stripe's payments tech.
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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Earlier Picks

Paul Alcorn / Tom's Hardware: