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May 9, 2023, 4:50 AM
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Top News

Ryan Browne / CNBC:
Ripple's CEO says the company will have spent $200M fighting SEC's lawsuit that accuses him, a co-founder, and Ripple of selling XRP as an unregistered security  —  - Ripple will have spent $200 million by the time its legal battle with the U.S. Securities and Exchange Commission is over, CEO Brad Garlinghouse said.
Ryan Browne / CNBC:
Coinbase CEO Brian Armstrong says the US SEC is on “a lone crusade”, rows back on his suggestion the company may leave the US, and expresses interest in the UAE
David Pierce / The Verge:
How Google's attempt to create a better, faster mobile web for media companies with the AMP standard ended up ruining publishers' trust in the internet giant  —  Google promised to create a better, faster web for media companies with a new standard called AMP.  In the end, it ruined the trust publishers had in the internet giant.
Dan Goodin / Ars Technica:
Google's passkey offering is refined and comprehensive enough to recommend, but the ecosystem is incomplete, despite PayPal, Kayak, and others using passkeys  —  The passkey ecosystem is far from complete, but Google's implementation is now ready to use.  —  By now, you've likely heard …
Jennifer Elias / CNBC:
Internal docs: Google plans to announce generative AI updates at Google I/O on May 10, including launching PaLM 2, a general-use LLM supporting 100+ languages  —  - Google's hefty investments in artificial intelligence will be on display at its annual developer conference this week.
Nikhilesh De / CoinDesk:
Crypto exchange Bittrex files for bankruptcy in Delaware; filing: the company estimates both its liabilities and assets to be between $500M and $1B  —  Bittrex already announced its intention to exit the U.S., but also faces an SEC enforcement action.  —  Crypto exchange Bittrex has filed …
Stephen Nellis / Reuters:
LinkedIn to cut 716 jobs and shut down InCareer, its local jobs app in China, by August 9, citing fierce competition and a challenging macroeconomic climate  —  LinkedIn, the social media network owned by Microsoft Corp (MSFT.O) that focuses on business professionals, said on Monday …
Paul Sawers / TechCrunch:
Vienna-based Prewave, which helps companies monitor their suppliers online and create risk alerts, raised a ~$20M Series A+, following a $12.3M Series A  —  Despite the investor caution narrative permeating the startup world throughout the economic downturn, certain startup-types have been a little more impervious to market conditions.
More: EU-Startups and Tech.eu
Nikhilesh De / CoinDesk:
Sam Bankman-Fried's lawyers file pretrial motions to dismiss most criminal charges against him, but not charges tied to securities fraud and money laundering  —  Bankman-Fried did not move to dismiss charges tied to securities fraud or money laundering.  —  FTX founder Sam Bankman-Fried …
Akanksha Khushi / Reuters:
Binance halted bitcoin withdrawals for an hour late on May 7 and for several hours on May 8, blaming heavy volumes and an unanticipated rise in network gas fees  —  Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees …
Munsif Vengattil / Reuters:
Truecaller plans to make its caller ID service available globally over WhatsApp and other messaging apps later in May to help users spot potential spam calls  —  Truecaller (TRUEb.ST) will soon start making its caller identification service available over WhatsApp and other messaging apps …

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This is a Techmeme archive page. It shows how the site appeared at 4:50 AM ET, May 9, 2023.

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From Mediagazer

Benjamin Mullin / New York Times:
The Onion, backed by some Sandy Hook families and Everytown for Gun Safety, buys Infowars in a bankruptcy auction, and plans a January 2025 relaunch as a parody

Matthew Keys / The Desk:
Disney said Disney+ Q4 ARPU in the US and Canada, down 1% QoQ to $7.70, was affected partly by new wholesale arrangements with some distributors

The Hollywood Reporter:
Disney expects to spend $24B on content in 2025, up from $23.4B in 2024, due to sports programming expenses rising after NFL rate increases and NBA contracts

More News

Lynn Doan / Bloomberg:
Nick Clegg reiterates that Meta will end news content in Canada if C-18 passes and says he pulled out of a committee hearing after a session title changed

Earlier Picks

Isaiah Poritz / Bloomberg Law:
A US appeals court upholds a lower court's 2019 ruling rejecting Apple's claims that Corellium's CORSEC security tool for simulating iOS violated copyright law
Ingrid Lunden / TechCrunch:
Qualcomm acquires Israel-based Autotalks, a fabless chipmaker that improves safety in bikes, cars, and other vehicles, sources say for between $350M and $400M
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