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June 10, 2022, 12:05 PM
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| GOV.UK: |
The UK's CMA plans a market investigation into Apple's App Store restrictions on cloud gaming alongside Apple and Google's market power in mobile browsers — Apple and Google “hold all the cards” with interventions needed to give innovators and competitors a fair chance to compete in mobile ecosystems
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Tweets: @cmagovuk, @ricmac, @leoringer, @_iainmartin, @cmagovuk, @leoringer, @tomwarren, @tomwarren, @markdistef, @jcbcp, @_iainmartin, @ryan_browne_, @samuelstolton, and @privacymatters
| Joshua Brustein / Bloomberg: |
An in-depth look at the mechanics behind Axie Infinity and the ramifications of the ~$620M hack on players and the game, as Sky Mavis plots its next steps — Over the course of his life, Alejo Lopez de Armentia has played video games for a variety of reasons.| Alex Heath / The Verge: |
Source: Meta will distribute the first version of its AR glasses, codenamed Orion, exclusively to developers, helping them build software for future devices — It's also canceling a planned smartwatch with two cameras — Meta has decided to not sell the first version of its full-fledged AR glasses …
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KnowTechie, BGR India, and Engadget
| Sylvia Varnham O'Regan / The Information: |
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Tweets: @amir, @ericpresidentvr, @adamholisky, @sadlyitsbradley, @hrafntho, @jonstephens85, @tariqkrim, @ghadjia, @tsukinune, @andreworlowski, @sylviavarnham, @lopezlinette, @harrymccracken, @sarahfrier, @benbajarin, @jamespmcleod, @pierce, @kevin_raposo, @stevekovach, @yorksranter, @kurtwagner8, @palafo, and @tidefallcapital
| Janko Roettgers / Protocol: |
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| Wall Street Journal: |
Sources: some US news outlets prepare for shortfalls as Meta weighs ending fees for news; annual fees averaged $20M+ for NYT, $15M+ for WaPo, and $10M+ for WSJ — Social-media company pays more than $10 million a year to a handful of news organizations to feature their content on its news tab
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| Aggi Cantrill / Bloomberg: |
After delivery startup Gorillas raised $1B in October, sources say it is drastically cutting costs, reducing staff benefits, and considering closing warehouses — After Germany's rapid food delivery startup Gorillas Technologies GmbH closed a $1 billion funding round last October …
Tweets: @eliotwb, @aggichristiane, @cdanuloff, @aulia, and @shiraovide
| Ryan Smith / AnandTech: |
AMD updates its Zen architecture roadmap, including Zen 4 improvements in 2022 and Zen 5 in 2024 with a mix of 4nm and 3nm processes and AI and ML optimizations — Today is AMD's Financial Analyst Day, the company's semi-annual, analyst-focused gathering. While the primary purpose …
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Windows Central, The Register, Tom's Hardware, Tom's Hardware, Tom's Hardware, Tom's Hardware, Tom's Hardware, Tom's Hardware, TechPowerUp, VideoCardz.com, SiliconANGLE, HotHardware.com News, Club386, AnandTech, Liliputing, ServeTheHome, and Wccftech
Tweets: @anshelsag, @ryansmithat, and @ryansmithat
| Ben Goggin / NBC News: |
Experts say Amazon's encrypted chat app Wickr is flooded with child sex abuse images and the company is not taking basic safety measures to prevent sharing — Court records show that Wickr Me has become part of a toolkit used by people who exploit children.
Tweets: @benjamingoggin, @benjamingoggin, @benjamingoggin, @anthony, @mattmday, and @jasonabbruzzese
| Nikhil Patwardhan / Moneycontrol: |
Indian credit card payment service Cred raises $80M as part of a planned $140M Series F at a $6.2B valuation, up from a $4B valuation in October 2021 — According to Moneycontrol estimates, the Kunal Shah-led company has raised the money at a valuation of almost $6.22 billion.| Sam Shead / CNBC: |
Sources: “AI transformer” startups Inflection, Cohere, Adept, and Anthropic, which collectively raised $1B+, recently poached dozens of scientists from Big Tech — - Four of the best-funded new AI start-ups — Inflection, Cohere, Adept and Anthropic — have recently poached dozens … | Arjun Kharpal / CNBC: |
Alibaba drops as much as 8% after its Ant Group unit said it has no current plans to revive its IPO and a key regulator said it had not evaluated the listing — - Alibaba shares dropped 8% on Thursday after its financial affiliate Ant Group said there were currently no plans to revive a public listing.
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Bloomberg, Nikkei Asia, Coinspeaker, Benzinga, ChinaTechNews.com, Reuters, and TechNode
Tweets: @demopj, @chorzempamartin, and @tommackenzietv
| Amanda Silberling / TechCrunch: |
Jack Dorsey and Jay-Z launch The Bitcoin Academy, giving free financial education classes on Bitcoin at the Brooklyn public housing complex where Jay-Z grew up — Is billionaire-funded crypto education really what low-income people need? — Twitter co-founder and Block CEO Jack Dorsey …
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Finextra, Metaverse Post, Inside Bitcoins, The Economic Times, afrotech.com, CryptoSlate, Waivly, Rolling Stone, The Verge, Coinspeaker, Insider, Micky, Bitcoinist.com, Bitcoin News, CryptoPotato, Benzinga, Crypto Briefing, and Gizmodo
Tweets: @rollingstone, @kaimandante, @kiaspeaks, @elliottscribe, @iamtone, @katewillett, @edbott, @byyourlogic, @bitinn, and @kt_so_it_goes
| Lauren Thomas / CNBC: |
Stitch Fix plans to lay off 15% of its salaried staff, or ~330 people, and reports Q3 revenue down 8% YoY to $492.9M and a $78M net loss, up from $18.8M YoY — - Stitch Fix is laying off 15% of its salaried workers, or about 330 people. — The company also issued weak revenue guidance as it contends with weaker consumer demand.
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GeekWire, Reuters, Insider, Wall Street Journal, CNN, MarketWatch, WWD, and San Francisco Business Journal
Tweets: @jeffnolan and @alessiourban
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