Tech Meme

Ryan Browne / CNBC: Ripple CEO Brad Garlinghouse says the company will spend $200M fighting an SEC lawsuit accusing him, a co-founder, and Ripple of selling unregistered securities  —  – Ripple will have spent $200 million by the time its legal battle with the U.S. Securities and Exchange Commission is over, CEO Brad Garlinghouse said. Lees verder op Tech Meme

Daniel Thomas / Financial Times: The Alliance for Creativity and Entertainment will run a global task force to tackle online sports piracy, working with Interpol, Europol, DAZN, beIN, and more  —  Group will work with Interpol and Europol to crack down on illegal streaming of sporting events Lees verder op Tech Meme

Bloomberg: Nintendo expects to sell 15M Nintendo Switch consoles this fiscal year, below analyst estimates of 15.7M; the company sold 18M units in the year to March 2023  —  Nintendo Co. expects to sell 15 million units of its Switch console this fiscal year, showing the extent of the slowdown for its six-year-old flagship product. Lees verder op Tech Meme

Paul Sawers / TechCrunch: Vienna-based Prewave, which helps companies monitor their suppliers online and create risk alerts, raised a ~$20M Series A+, following a $12.3M Series A  —  Despite the investor caution narrative permeating the startup world throughout the economic downturn, certain startup-types have been a little more impervious to market conditions. Lees verder op Tech Meme

Lynn Doan / Bloomberg: Nick Clegg reiterates that Meta will end news content in Canada if C-18 passes and says he pulled out of a committee hearing after a session title changed  —  Meta Platforms Inc. said it would end news content on Facebook and Instagram in Canada if lawmakers pass legislation … Lees verder op Tech Meme

Jennifer Surane / Bloomberg: PayPal reports Q1 total payment volume up 10% YoY to $354.5B, vs. $349.5B est., net revenue up 9% to $7.04B, and operating income up 41% to $1B; PYPL drops 5%+  —  PayPal Holdings Inc. shares slumped after the payments giant warned that its adjusted operating margin won’t grow as quickly … Lees verder op Tech Meme

Ashley Capoot / CNBC: Palantir reports Q1 revenue up 18% YoY to $525M, vs. $506M est., and says its AI Platform for private datasets is coming in May 2023; PLTR jumps 23%+  —  – Shares of Palantir rose as much as 28% in extended trading Monday after the company released first-quarter earnings that beat analysts’ estimates on top and bottom lines. Lees verder op Tech Meme

Anna Nicolaou / Financial Times: Source: Spotify removed ~7% of tracks uploaded by AI music startup Boomy, or “tens of thousands” of songs, over suspicion of bots posing as human listeners  —  Platform cracks down on bots posing as listeners as flood of content rattles music industry Lees verder op Tech Meme

Wall Street Journal: Analysis: of the 76 coins the SEC considers securities, 16 can be traded on major US crypto exchanges; tokens labeled as securities in 2022 almost tripled YoY  —  Number of tokens regulator has labeled as securities almost tripled in 2022  —  The Securities and Exchange Commission … Lees verder op Tech Meme

Ivan Mehta / TechCrunch: WhatsApp partners with Stripe to let Singapore-based users pay some businesses within the app, following the launch of merchant payments in India and Brazil  —  After India and Brazil, WhatsApp is launching the ability to pay businesses within a chat in Singapore. Lees verder op Tech Meme