Techmeme
May 5, 2023, 6:25 PM

Top News

Matt Binder / Mashable:
Out of the ~150K early Twitter Blue subscribers in November 2022, just ~68,157 were still subscribed on April 30, meaning Blue has an abnormally high churn rate  —  The early birds cancel their subscriptions.  —  Twitter Blue's struggles since its launch nearly six months ago are more severe …
Mengqi Sun / Wall Street Journal:
New York's AG proposes the Crypto Regulation, Protection, Transparency and Oversight Act, or CRPTO, seeking broader enforcement authority over crypto companies  —  Proposed legislation would require crypto exchanges to have independent public audits of financial statements, among other new requirements
Dave Michaels / Wall Street Journal:
Coinbase plans to try a novel defense against a potential US SEC enforcement action by arguing the regulator bears some responsibility for approving its IPO  —  Crypto exchange says regulators' lawsuit threat is undermined by clearance of IPO  —  With the Securities and Exchange Commission preparing …
Eric Berger / Ars Technica:
Airbus, Eutelsat, SES, Thales, and other European satellite companies plan to bid for the IRIS² satellite constellation, to rival SpaceX's Starlink in the EU  —  The bid includes large players such as Airbus Defence and Space, Eutelsat, and SES.  —  A consortium of nearly every major …
Alex Konrad / Forbes:
A look at the ByteDance investors who have billions in paper profits blocked by the US regulatory standoff over TikTok; source: Sequoia China holds a 10%+ stake  —  The world's most valuable startup does more than any other investment to put VCs on the Forbes Midas List, including its No. 1.

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More News

Bloomberg:
Ina Fried / Axios:

Earlier Picks

Bill Peters / MarketWatch:
Richard Lawler / The Verge:
Emma Roth / The Verge:
Ilya Banares / Bloomberg:
David McCabe / New York Times:
Tom Warren / The Verge: