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June 3, 2022, 2:35 PM
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memeorandum
WeSmirchTop News
| Kyle Wiggers / TechCrunch: |
Amazon says Dave Clark, CEO of its Worldwide Consumer division, will step down after 23 years with the company; his last day in the office will be July 1, 2022 — Amazon today announced that Dave Clark, CEO of the company's worldwide consumer division, will step down after 23 years in the position.
More:
About Amazon, PYMNTS.com, Washington Post, The Economic Times, GeekWire, Insider, The Verge, CNBC, and Variety
| Emma Fletcher / Federal Trade Commission: |
More than 46,000 people have reported losing $1B+ to crypto scams from January 1, 2021 through March 31, 2022, about 25% of all losses reported to the FTC — From Super Bowl ads to Bitcoin ATMs, cryptocurrency seems to be everywhere lately. Although it's yet to become a mainstream payment method …
More:
CyberScoop, BleepingComputer, Web3 is going just great, Protocol, CoinDesk, and Reuters
Tweets: @web3isgreat, @dangillmor, @yoda, @tonyajoriley, @jeffdanherrera, @edroso, @josephmiller3, @mattbruenig, @daviduberti, @silvermanjacob, @ftc, and @tonyromm
| Washington Post: |
A bipartisan data privacy bill, unveiled in the House and Senate, will let users opt out of targeted ads and sue companies that improperly sell their data, more — Considered a step forward, the proposal still doesn't have support of some key members — A bipartisan group of legislators …
More:
Axios, Commerce.Senate.gov, and Politico
| CoinDesk: |
The New York State Senate passes a bill to ban crypto mining powered by carbon-based sources for two years; the governor now needs to sign the bill or veto it — The state Assembly had already passed the bill, which would bar new mining operations powered by carbon-based energy sources for two years.| Wall Street Journal: |
Sources: Sandberg left Meta feeling burned out and amid an internal probe into her activities, including using corporate resources to plan her wedding — One of the world's most powerful executives became increasingly burned out and disconnected from the mega-business she was instrumental in building.
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Vox, New York Post, CNBC, New York Times, Wired, Angeline's Thoughts, Newslit Daily, Gizmodo, Financial Times, Marketing Dive, Newser, Deadline, and CNN
Tweets: @gibsonradio, @shakirasecurity, @ebboyd, @caseynewton, @jason_kint, @dseetharaman, @ebboyd, @robtornoe, @jotrader4, @donie, @emmalbriant, @jason_kint, @jason_kint, @pinskia, @emilyglazer, @annbordetsky, @caseynewton, @rhcm123, @rhcm123, @dseetharaman, @donie, @caseynewton, @ecmclaughlin, @ebboyd, and @anthony
| Taylor Lorenz / Washington Post: |
Creators who focused on the Johnny Depp vs. Amber Heard trial made thousands of dollars through platform incentives, influencing public opinion in the process — Influencers discovered there's money and clout to be made in covering breaking news — When the verdict came …
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Links I Would Gchat …. Tweets: @taylorlorenz, @noupside, @hshaban, @kateliljalohnes, @elite_gz, @ericmgarcia, @dangillmor, @josephfcox, @clancynewyork, @drsarteschi, @katzonearth, @shallowbrigade, @xpatriciah, @brosandprose, @hshaban, @cwarzel, @glynnmacn, @glynnmacn, @hshaban, @lexmechanic, @skateintraffic, @sulliview, @danblock4, @thenamesq, @carnage4life, @summer_delaney, @markgottlieb, @amyargetsinger, @taylorlorenz, @hoeglaw, and @walldo
| Sarah Perez / TechCrunch: |
Sensor Tower: an iOS app needs 156K daily installs to top the US App Store, up from 114K in 2019; an Android app needs 56K to top Google Play, down from 83K — A new analysis indicates it's gotten harder to get an app to the top of the App Store, in terms of downloads, over the past several years.
More:
Sensor Tower, Livemint, 9to5Mac, iPhone in Canada Blog, The Economic Times, and Fossbytes
| Insider: |
Sources: Facebook is developing a “basic ads” product that uses metrics like engagement and video views instead of using anonymized personal info from users — - Meta's Facebook is early in developing a “basic ads” product as privacy changes limit its targeting abilities.
More:
Search Engine Journal. Tweets: @kitten_mouse, @stevemullis, @garjoh_canuck, @digitalshields, and @laurenjohnson
| Jim Hagerty / USA Today: |
In April, Google settled an Illinois lawsuit accusing it of violating the Biometric Information Privacy Act with its Photos face regrouping tool, for $100M — ROCKFORD, Ill. — Illinois residents are eligible to receive part of a $100 million class-action settlement after Google was accused of violating privacy laws in the state.
Tweets: @carnage4life and @adam_k_levin
| Anushree Dave / The Block: |
Coinbase extends its hiring freeze “for as long as this macro environment requires” and will “rescind a number of accepted offers”, updating new hires by email — Coinbase is rescinding some accepted job offers and extending an existing pause on hiring new candidates …
More:
The Coinbase Blog, CoinDesk, CoinDesk, Engadget, Blockworks, Amy Castor, Gizmodo, Insider, Axios, TechCrunch, CNBC, Fortune, Bloomberg, The Economic Times, MarketWatch, and Reuters
Tweets: @teamblind, @sandofsky, @safeselfdrive, @carnage4life, @ahcastor, @kshashi, @carnage4life, @soonweilun, @danprimack, @akopec, @mhiesboeck, @johnreedstark, @firstadopter, @somospostpc, @chidiwilliams__, @doveywan, @carnage4life, @gergelyorosz, @mattpaulsonsd, @gergelyorosz, @tmfotter, @web3isgreat, @caseynewton, @marinperez, @bmorrissey, @abebrown716, @maxwellstrachan, @nycsouthpaw, @dlberes, and @willoremus
| Edward Ongweso Jr / VICE: |
Masayoshi Son used SoftBank's Vision Fund to build a society mediated by AI, but failed as he invested in firms with exploitative technology, not explorative — Masayoshi Son used SoftBank and its $100 billion Vision Fund to remake the world in its image. It's not a pleasant picture.| Rebecca Bellan / TechCrunch: |
GM's Cruise secures a permit to charge fares for its driverless robotaxi service in San Francisco, operating at up to 30mph on select streets from 10PM to 6AM — Cruise, the autonomous vehicle unit of General Motors, has finally been given the green light to start charging fares for its driverless robotaxi service in San Francisco.
More:
Cruise LLC, The Verge, Reuters, Mobility Weekly, Engadget, Silicon Republic, Detroit Free Press, Los Angeles Times, CNBC, and Along for the Ride
Tweets: @cruise, @joshuaforman, @traviskatz, and @laurenwern
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