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May 28, 2022, 12:00 AM
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| Josh Eidelson / Bloomberg: |
The CWA withdraws its bid for a union election next week for staff at an Atlanta Apple store, citing Apple's “sophisticated campaign to intimidate” and COVID-19 — The labor group trying to organize Apple Inc. employees at an Atlanta store is withdrawing its request for an election … | Rest of World: |
Some people in countries with high inflation say they lost thousands in savings after investing in UST, which seemed more stable than their local currency — “I have nothing left, not even a penny.” — Valeria makes around $300 a month selling prepared food from her home in Buenos Aires.
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Wall Street Journal and The Verge
Tweets: @srussolillo, @ben_mckenzie, @nic__carter, @leomschwartz, @mattzeitlin, @carnage4life, @silviakillings, @bitfinexed, @aosipovich, @coryklippsten, @coloradotravis, @counternotions, @glamazonjay, @minhtngo, @bennetttomlin, @mark_dow, @firstadopter, @dlknowles, @migueldeicaza, @yeezuscapital, @senwarren, @mattzeitlin, @katherinemiller, @luciacholakian, @leomschwartz, @apartovi, @restofworld, and @toluogunlesi
| Nivedita Balu / Reuters: |
Filing: Twitter rejects Elon Musk ally Egon Durban's resignation from the board, two days after shareholders blocked his re-election at an annual meeting — Twitter Inc (TWTR.N) said in a filing on Friday it would not accept Egon Durban's resignation from the board, after shareholders blocked …
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Bloomberg, Financial Times, Social Media Today, Forbes, New York Post, The Verge, Gizmodo, Protocol, CNBC, and Benzinga. Tweets: @quinnypig
| Kate Conger / New York Times: |
In an April 4 letter, the SEC told Elon Musk it is probing his March purchases and disclosures of Twitter stock, and whether he was truly a “passive” investor — The regulator questioned whether the Tesla chief executive had disclosed his stake at the right time.
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Protocol, The Guardian, Axios, The Verge, Bloomberg, The Register, Washington Post, Reuters, CNN, Wall Street Journal, and iPhone in Canada Blog
Tweets: @johnedeaton1, @retheauditors, @danprimack, and @duty2warn
| Lora Kolodny / CNBC: |
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Telegraph, BBC, The Verge, Ars Technica, PCMag, HotHardware.com News, dot.LA, Gizmodo, Coinspeaker, The Guardian, Benzinga, The Economic Times, Reuters, Insider, International Business Times, TechCrunch, The Signal, Engadget, Fossbytes, and Silicon Republic
Tweets: @edbott, @marcowenjones, @thestarkenya, @fabiochiusi, @kantrowitz, @samantar, @vasabjit_b, @cbouzy, @fuzzywuzzyto, and @maddenifico
| Kashmir Hill / New York Times: |
A look at PimEyes, a paid facial recognition service that charges up to $300 per month to exclude photos, which some women describe as “essentially extortion” — PimEyes is a paid service that finds photos of a person from across the internet, including some the person may not want exposed.
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CNN, PCMag, PimEyes, KnowTechie, Pixel Envy, Newslit Daily, The Overspill, Daring Fireball, and The Hill
| Ben Schoon / 9to5Google: |
Report: Samsung notified its partners to cut smartphone production for the rest of 2022 and manufacture ~280M devices, down from ~310M as initially planned — Samsung is the biggest smartphone manufacturer on the planet, but it's not immune to the pressure that the entire market has been feeling.
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SamMobile, CNET, PhoneArena, The Verge, and Phandroid
| Sergiu Gatlan / BleepingComputer: |
Microsoft researchers find high severity vulnerabilities in mce Systems' framework used by Android apps from carriers including AT&T, Telus, Rogers, and Bell — Microsoft security researchers have found high severity vulnerabilities in a framework used by Android apps from multiple large international mobile service providers.| Michelle Ma / Protocol: |
Layoffs.fyi data: 60 tech companies cut 16,000+ jobs in May 2022; Microsoft, Nvidia, Lyft, Snap, Uber, Coinbase, Salesforce, Meta, and Twitter slowed hiring — What goes up must come down. — High-flying startups with record valuations, huge hiring goals and ambitious expansion plans … | Dan Primack / Axios: |
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TechCrunch, Bolt, Fortune, Crunchbase News, Market Intelligence, Tech in Asia, Protocol, New York Times, PYMNTS.com, Forbes, New York Post, San Francisco Business Journal, City A.M., Axios, and The Economic Times
Tweets: @yoda, @tomaxwell, @emilyrpeck, @matteing, @lizette_chapman, @theryanford, @courtenay_brown, @danprimack, @hhariri, and @kuruvillamaju
| Preetika Rana / Wall Street Journal: |
YipitData: average Uber and Lyft fares in the US hit a record high in April, as they drew ~20% fewer riders and 35% fewer trips in Q1 2022 compared to Q1 2019 — The companies are cutting costs, bringing back cheaper rides and looking for new ways to woo drivers| Iris Deng / South China Morning Post: |
China's iQiyi, a streaming service majority-owned by Baidu and listed on the Nasdaq, reported its first quarterly profit, $26.7M in Q1, after cutting spending — The Nasdaq-listed company, majority-owned by search giant Baidu, made a profit of 169.1 million yuan (US$26.7 million) …
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PR Newswire, Yicai Global, SHINE, Variety, and TechNode
| Budi Sutrisno / Tech in Asia: |
Jakarta-based Bibit, which offers robo-advisor services to help millennial users invest in mutual funds based on their risk profiles, raises $80M+ led by GIC — Indonesia-based investment app Bibit has raised over US$80 million in a funding round led by GIC, with participation from Prosus Ventures and other existing investors.
More:
FinSMEs
| Jez Corden / Windows Central: |
Microsoft confirms it is building an HDMI device codenamed Keystone that can be connected to a TV or monitor to run Xbox Game Pass and its cloud gaming service — The key to the cloud. — For a few years, rumors have persisted that Microsoft was exploring building some form of streaming stick …
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MacRumors, HotHardware.com News, Financial Times, Cult of Mac, Stevivor, 9to5Google, iPhone in Canada Blog, iMore, SlashGear, Gizmodo, The Mac Observer, WinBuzzer, Redmond Pie, Liberty's Highlights, GameSpot, Gameranx, OnMSFT.com, KnowTechie, TechRadar, Ars Technica, Wccftech, BGR India, Android Authority, Pocket-lint, PCMag, MSPoweruser, Pureinfotech, WRAL TechWire, TheGamer, Engadget, Fossbytes, GamesIndustry.biz, Dexerto, Silicon Republic, GamingBolt, Video Games Chronicle, iDownloadBlog.com, The Verge, 9to5Mac, Tom's Guide, MUO, IGN, TechSpot, iClarified, Laptop Mag, GameRevolution, Game Developer, Game Rant, Thurrott, Neowin, Digital Trends, XDA Developers, MobileSyrup, Windows Blog, and Slashdot
Tweets: @pms_jordan, @tomwarren, and @jezcorden
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