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May 19, 2022, 8:10 PM
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memeorandum
WeSmirchTop News
| Mark Gurman / Bloomberg: |
Sources: Apple executives previewed the upcoming mixed reality headset to the company's board last week; Apple ramped up reality OS development in recent weeks — Apple Inc. executives previewed its upcoming mixed-reality headset to the company's board last week, indicating that development …
More:
AppleInsider, The Block, XDA Developers, Macworld, Counterpoint Research, Benzinga, Neowin, Philip Elmer‑DeWitt, TechSpot, Patently Apple, Protocol, The Verge, PhoneArena, MobileSyrup, Tom's Guide, SlashGear, CNBC, MacRumors, Redmond Pie, iPhone Hacks, iPhone in Canada Blog, iMore, iDownloadBlog.com, and 9to5Mac
Tweets: @sadlyitsbradley, @scobleizer, @petecashmore, @carnage4life, @markgurman, @jezcorden, @technology, and @scobleizer
| Twitter: |
Twitter announces a crisis misinformation policy, including adding a warning to highly visible tweets with misleading information and disabling engagement — Around the world, people use Twitter to find reliable information in real time. During periods of crisis - such as situations of armed conflict …
More:
The Verge, New York Times, Twitter Help Center, The Record, Reuters, Protocol, iMore, The Economic Times, and Axios
Tweets: @twittersafety, @b_fung, @niemanlab, @yoyoel, @b_fung, @willoremus, @oilfield_rando, @moneyries, @willoremus, @tsimonite, @twittersafety, @yoda, @yoyoel, @pkafka, @heminator, and @tomfitton
| Joseph Cox / VICE: |
In a policy shift, the US Department of Justice plans to stop prosecuting good-faith security research that would have violated the Computer Fraud and Abuse Act — The new policy addresses decades of uncertainty around the law and security research. — Joseph Cox
Source:
U.S. Department of Justice. More:
ZDNet, Bloomberg, Washington Post, BleepingComputer, TechCrunch, iTnews, Gizmodo, CyberScoop, PCMag, Cybernews.com, The Record, The Verge, and Engadget
| Keach Hagey / Wall Street Journal: |
A new bipartisan Senate bill would prohibit companies with $20B+ in annual digital ad transactions from participating in more than one part of the ad ecosystem — The bill, which has some Democratic support, takes aim at conflicts of interest in advertising technology
More:
lee.senate.gov, CNN, The Register, Patently Apple, Engadget, New York Post, The Verge, Congressman Ken Buck, CNBC, Protocol, PYMNTS.com, and Seeking Alpha
Tweets: @keachhagey, @leah_nylen, @leah_nylen, @mediamorphis, @mediamorphis, @profcarroll, @ronmknox, @lutherlowe, @ericfruits, @ericfruits, @ericfruits, @ericfruits, @ericfruits, @ericfruits, @ericfruits, @ericfruits, @ericfruits, @dlauer, @dlauer, @dlauer, @dlauer, @dlauer, @dlauer, @dlauer, @matthewstoller, @repkenbuck, @anthony, @jason_kint, @zaidjilani, @andreas_schwab, @jessefelder, @matthewstoller, @jason_kint, @asharma, and @keachhagey
| Bloomberg: |
Sources: at an all-hands, Twitter's top lawyer Vijaya Gadde said there is “no such thing as a deal being on hold” and execs said Musk's deal is moving forward — Twitter Inc. executives told employees on Thursday that the $44 billion deal to sell the company to billionaire Elon Musk … | Emily Nicolle / Bloomberg: |
Tether's accounting firm says Tether holds $20.1B in commercial paper, down 17% QoQ; Tether had $82.4B+ in total assets on March 31 and $82.2B in liabilities — Tether, the operator of the world's most used cryptocurrency, said it had reduced the amount of commercial paper in the reserve backing …
Source:
tether.to. More:
PYMNTS.com, Crypto Adder's Notes, CNBC, Crypto Briefing, The Block, Finbold, CryptoPotato, CryptoSlate, and CoinDesk
Tweets: @chrisbloomstran, @emilyjnicolle, @dzambhalahodl, @faridrached, @mindaoyang, @douglaslagoscom, @paoloardoino, and @zsk
| Manish Singh / TechCrunch: |
In a letter to portfolio founders, Y Combinator advises to “plan for the worst” by cutting expenses and focusing on extending runways amid the economic downturn — Y Combinator, a Silicon Valley kingmaker, is advising its portfolio founders to “plan for the worst” …
More:
SiliconANGLE, Protocol, Silicon Florist, The Economic Times, Moneycontrol, Crunchbase News, and The Reluctant CFO
Tweets: @refsrc, @leepnet, @bryce, @refsrc, @howardlindzon, @downtempo, @erikvoorhees, @kateclarktweets, and @yuris
| The Information: |
Sources: Coinbase is pausing new projects, freezing hiring, cutting costs, and giving staff more stock grants after its stock fell 75%+ in the past six months — Cryptocurrency trading firm Coinbase, whose revenue has shrunk amid a downturn in the sector, is pausing new business projects … | Jacob Kastrenakes / The Verge: |
Fastly acquires Glitch, the web coding service formerly called Fog Creek Software; Glitch CEO Anil Dash will join Fastly as its VP of developer experience — The coding platform will continue under the new owner — Fastly, a major provider of cloud services, announced today that it's acquiring Glitch …
More:
The Glitch Blog ✨, Fastly Blog, Insider, and The Register
Tweets: @glitch, @fastly, @ftrain, @karenpiper, @simonw, @jessevondoom, @mmasnick, @anildash, @kyliebytes, @fintanr, @amasad, @anildash, @threepointone, @jennschiffer, and @elegantlywasted
| David Pierce / The Verge: |
Framework refreshes its 13.5" modular Framework Laptop with 12th Gen Intel CPUs, starting at $1,049 in July; owners can upgrade existing laptops with a $538 kit — A new laptop that fits inside your old laptop — A little more than a year after announcing the first version of its ultra-repairable …
More:
Framework Blog, Framework Community, Financial Times, PCMag, Input, SlashGear, PC Gamer, Windows Blog, Tom's Guide, 9to5Toys, HotHardware.com News, windowscentral.com, and XDA Developers
Tweets: @phillip_tracy, @mobile_dom, @kwiens, @frameworkputer, @dcseifert, @dcseifert, @ifixit, @freedmanae, @film_girl, and @dsilverman
| Frank Chaparro / The Block: |
FTX.US launches FTX Stocks, offering zero-commission stock trading of US-listed companies and ETFs, rolling out to the FTX.US Pro app over the coming months — - The news comes shortly after Sam Bankman-Fried's acquisition of a 7.6% stake in retail trading giant Robinhood.
More:
PR Newswire, Wall Street Journal, TechCrunch, CNBC, Blockworks, CoinDesk, Crypto Daily, Gizmodo, Newslit Daily, Coinspeaker, Decrypt, CryptoSlate, CryptoPotato, Bitcoin News, Cryptopolitan, and crypto.news
Tweets: @sbf_ftx, @mayazi, @fintechfrank, @mayazi, @jeffjohnroberts, @matthewstoller, and @scaramucci
| Sarah Perez / TechCrunch: |
Meta launches its free WhatsApp Cloud API, aimed at SMBs, to all businesses worldwide, and announces paid features for its WhatsApp Business app coming later — WhatsApp is continuing its push into the business market with today's news it's launching the WhatsApp Cloud API to all businesses worldwide.
More:
PYMNTS.com, Social Media Today, BGR India, Adweek, WABetaInfo, The Economic Times, Reuters, and Tech in Asia
Tweets: @mikeisaac and @martinsfp
| MK Manoylov / The Block: |
Sacramento-based Azra Games, a blockchain gaming startup developing a sci-fi fantasy game with virtual collectibles, raises a $15M seed led by a16z — Azra Games, a blockchain gaming startup, raised $15 million in seed funding, according to a Thursday announcement.| Washington Post: |
Republicans, who opposed common carrier status for ISPs in the net neutrality debate, now want social media platforms to be treated like “public utilities” — Happy Thursday! I know, I know, going to law school probably would've helped writing today's newsletter.
Tweets: @viacristiano, @sayreevan, @karlbode, @willoremus, @jeffjarvis, and @adamthierer
| Canalys: |
North American smartphone shipments grew 3.7% YoY to 39M units in Q1 2022; Apple grew its market share to 51% with 19.9M units as Google grew 380% to 1.2M units — North American smartphone shipments reached 39.0 million units in Q1 2022, up 3.7% year on year.| Henry Grabar / Slate: |
As Uber starts to cut costs, having lost $30B+ in five-odd years, a look at the impact of subsidized rides on cities, the decline in public transit, and more — Recently I was talking with an executive who used to work in car-sharing—the wave of companies, led by Zipcar and car2go … | Reuters: |
Sources: TikTok has tested in-app games in Vietnam as part of a gaming push; TikTok confirms testing HTML5 games from game developers and studios such as Zynga — TikTok has been conducting tests so users can play games on its video-sharing app in Vietnam, part of plans for a major push into gaming …
More:
TechCrunch, The Verge, PYMNTS.com, Social Media Today, Tubefilter, TechRadar, Neowin, MobileSyrup, Protocol, and dot.LA. Tweets: @mattnavarra
| Wall Street Journal: |
Analysis: insurers significantly raised cyber coverage premiums in 2021, after high profile hacks; direct-written premiums by the largest insurers rose 92% YoY — Insurance market resets after a ransomware boom and the threat of spillover from Ukraine — Insurers significantly increased premiums … | Rich McHugh / Insider: |
Docs: SpaceX paid $250K to settle a sexual misconduct claim against Elon Musk, which alleged that Musk offered a horse in exchange for an erotic massage in 2016 — - A flight attendant for SpaceX said Elon Musk asked her to “do more” during a massage, documents show.
More:
The Verge. Tweets: @johnjcook, @clarajeffery, @apollozac, @benadida, @wagatwe, @nicoleeinbinder, @cathygellis, @sarahjeong, @popehat, @mavenofmayhem, @marlownyc, and @lopezlinette
| Jan Hoffman / New York Times: |
As US drug overdoses soar, Facebook, Twitter, Snapchat, Pinterest, TikTok, Discord, and Telegram are a quick and easy conduit for illicit prescription drugs — The soaring drug fatalities in the U.S. are being fueled partly by fentanyl-tainted pills bought by teenagers and young adults on Snapchat …
More:
9to5Mac. Tweets: @ceciliakang, @jonnynono, @lindabrosenthal, @mattnavarra, @marcportermagee, @jamesmerriman6, @david_sheff, @yoda, and @amandacarpenter
| Ingrid Lunden / TechCrunch: |
Near, a data intelligence company that claims to have 1.6B anonymized user profiles, raises $100M and goes public via a SPAC merger at a “near” $1B valuation — The IPO window has all but closed for technology companies in the wake of a massive downturn in the market …
More:
SiliconANGLE, Near - Blog, and DealStreetAsia
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Protocol. Tweets: @thrasherxy, @sesmith, @bigblackjacobin, @bigmeaninternet, @marketurbanist, @tomgara, @kvelsey, @arjunbasu, @dmtrubman, @rahawahaile, @arminrosen, and @pt
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