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May 23, 2022, 3:40 PM
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memeorandum
WeSmirchTop News
| New York Times: |
A look at efforts by 50+ countries to control the data produced by their citizens, governments, and businesses, driven by privacy concerns, economics, and more — Nations are accelerating efforts to control data produced within their perimeters, disrupting the flow of what has become a kind of digital currency.
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Fortune. Tweets: @wbm312, @imeluny, @itifdc, @satariano, @vickerysec, @davidheniguk, @pt, @dmccabe, @profcarroll, and @davidheniguk
| Matt Burgess / Wired: |
As GDPR turns four, despite some positives, regulators struggle to keep up with complaints, the ad industry remains littered with potential abuses, and more — The world-leading data law changed how companies work. But four years on, there's a lag on cleaning up Big Tech.| Bloomberg: |
Sources: Broadcom is in talks to acquire VMware, which has a ~$40B market cap; the discussions are ongoing and there's no guarantee they will lead to a purchase — Broadcom Inc. is in talks to acquire cloud-computing company VMware Inc., according to people familiar with the matter …
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New York Times, Bloomberg, CRN, SC Media, TechCrunch, Wall Street Journal, datacenterknowledge.com, Crunchbase News, CNBC, iPhone in Canada Blog, San Francisco Business Journal, Network World, Financial Times, Telegraph, RCR Wireless News, Neowin, Reuters, Channel Futures, DCD, Newslit Daily, Tech Monitor, TechRadar, Protocol, City A.M., iTnews, The Register, CNBC, and SiliconANGLE
| Natasha Lomas / TechCrunch: |
UK's data protection watchdog fines Clearview AI ~£7.5M for violating privacy laws and orders the company to delete all info on UK citizens from its systems — The UK's data protection watchdog has confirmed a penalty for the controversial facial recognition company, Clearview AI … | Tripp Mickle / New York Times: |
Meta, Apple, Amazon, Microsoft, and Google are positioned to emerge stronger from this downturn; Refinitiv: from 2008 to 2010, the companies acquired 100+ firms — Flush with cash, Facebook, Apple, Amazon, Microsoft and Google are positioned to emerge from a downturn stronger and more powerful.
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Computerworld, AppleInsider, MacDailyNews, 9to5Mac, NEWS.am, and Reuters
| Mimi Billing / Sifted: |
Klarna tells employees it plans to lay off 10% of its workforce, after reports of raising money at a reduced $30B valuation; LinkedIn shows it has 6,500+ staff — Last week, the Wall Street Journal reported that Klarna was seeking a new round of investment that could see its valuation brought down by a third, from $46bn to $30bn.
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TechCrunch, Protocol, Klarna, Finextra, CNBC, The Block, and Financial Times
Tweets: @iatalkspace, @siftedeu, and @amyrlewin
| Mike Isaac / New York Times: |
Meta plans to give outside researchers more info on political ad targeting on Facebook and Instagram and to update Ad Library with more info starting in July — Academics and journalists will be able to see more data about the way political ads are used to target users across Facebook and Instagram.
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CNN, Gizmodo, Meta, Bloomberg, The Economic Times, and Protocol
Tweets: @justinhendrix, @whotargetsme, @andymstone, @markscott82, @nytimes, @markscott82, @nytimestech, @ianclucas, @blackamazon, and @ianclucas
| Issie Lapowsky / Protocol: |
The 11th Circuit federal court upholds blocking Florida's social media “censorship” law to protect First Amendment rights, as SCOTUS weighs Texas' similar law — As the Supreme Court weighs whether to block Texas' social media “censorship” law, a court of appeals has decided …
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Ars Technica, Techdirt, Deadline, and Technology & …
Tweets: @b_fung, @cat_zakrzewski, @wexler, @aricohn, @aricohn, @aricohn, @aricohn, @b_fung, @cat_zakrzewski, @b_fung, @davidgreene, @b_fung, @issielapowsky, and @b_fung
| Financial Times: |
On April 6, weeks before UST collapsed, Binance promoted the stablecoin on Telegram as a “High Yield, Safe & Happy Earn” investment with an annual 19.63% yield — World's biggest crypto exchange marketed stablecoin lending scheme offering nearly 20% yield
More:
Cryptonews, Protos, and TradingBTC.com
Tweets: @frank_giustra, @katie_martin_fx, and @muradahmed
| Wall Street Journal: |
Chat logs: Twitter employees are bewildered about what their jobs are and will be after Elon Musk takes over; VP Jay Sullivan expects a “chaos tax” to continue — Deal has left employees bewildered about what their jobs are and will be — In one 24-hour period this month …
Tweets: @rupasubramanya, @saraheneedleman, and @saraheneedleman
| Spencer Soper / Bloomberg: |
Sources: Amazon, which has too much warehouse capacity now that pandemic-era shopping has faded, is looking to sublet at least 10M square feet across the US — Amazon.com Inc., stuck with too much warehouse capacity now that the surge in pandemic-era shopping has faded …
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PCMag. Tweets: @gerritd, @shiraovide, @stanphylcap, @h_thoreson, @dofornop, @jimpethokoukis, @yevp, @supheci_kimse, @aoverk, @capitalobserver, @firstadopter, @mattmday, and @rebovichinst
| Eva Szalay / Financial Times: |
BNP Paribas joins JPMorgan's blockchain-based Onyx Digital Assets network, which has facilitated $300B+ in intraday repurchase market deals since December 2020 — BNP Paribas joins JPMorgan-powered platform that has traded more $300bn of intraday repo deals
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PYMNTS.com, CryptoSlate, Blockworks, CoinDesk, Off to Lunch, Cryptonews, and Coinspeaker
Tweets: @mayazi, @andrewcarrier, @a_lagna, @lindayueh, and @mayazi
| Rita Liao / TechCrunch: |
StepN, a Solana-based app that lets users earn tokens by walking and running, says it has 2M-3M MAUs and makes $3M-5M per day in net profit from trading fees — But skeptics question its sustainability and whether it can be called a ‘game’ — Since its launch in December, StepN …
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Micky. Tweets: @johnkoetsier, @patio11, @acityinohio, @shitirastogi, @sk8ercurt, @tuviae, @mdudas, @dreamboat_id, @genia_xx, @zachweinberg, and @alexanderchopan
| The Information: |
Sources: Coinbase is testing an app from Ray Dalio's company Principles that lets staff rate each other on how well they exemplify Coinbase's 10 cultural tenets — Coinbase, a cryptocurrency trading firm that garnered attention for banning salary negotiations and political speech among employees …
Tweets: @carnage4life
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