Jon Porter / The Verge: To protest API pricing for third-party Reddit apps, r/videos, r/reactiongifs, r/earthporn, and other large subreddits plan to go private on June 12 for 48 hours  —  Some of Reddit’s biggest communities including r/videos, r/reactiongifs, r/earthporn, and r/lifeprotips are planning to set themselves … Lees verder op Tech Meme

Bloomberg: Sources: Binance’s Richard Teng is the frontrunner to become CEO if Changpeng Zhao steps down, as US regulatory scrutiny makes succession planning more urgent  —  In mid-May, cryptocurrency exchange Binance got some bad news in a far-flung corner of its sprawling universe. Lees verder op Tech Meme

New York Times: Internal document: Twitter’s US ad revenue from April 1 to the start of May dropped 59% YoY to $88M; sources say that performance is unlikely to improve soon  —  In internal forecasts, the company projected that ad sales would keep declining, handing a tough challenge to its new chief executive. Lees verder op Tech Meme

Reuters: Bank records: Binance executive Guangying Chen controlled five Silvergate Bank accounts from 2019 to 2020 belonging to its purportedly independent US affiliate  —  A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange’s purportedly … Lees verder op Tech Meme