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Techmeme
May 6, 2024, 9:10 AM

Top News

Anthony Ha / TechCrunch:
Bluesky confirms Jack Dorsey's departure from its board and says it is searching for a new board member  —  It sounds like Bluesky's most prominent backer is no longer on its board.  —  On Saturday, Jack Dorsey posted on X about grants for open protocols from his philanthropic Start Small initiative.
Emily Nicolle / Bloomberg:
Visa and Allium Labs: less than 10% of stablecoin transactions are “organic payments activity”, which excludes activities from bots and large-scale traders  —  - Less than 10% of stablecoin transactions are “organic:” Visa  — PayPal, Stripe are among fintechs expanding in stablecoins
Pieter Haeck / Politico:
The EU's crackdown on Huawei shows an EU-wide TikTok ban will likely take years of diplomacy, as the bloc lacks a formal say over national security concerns  —  Of all the shots Europe is firing at China, the threat of a blanket TikTok ban is likely to only scuff Beijing.
Counterpoint Research:
iPhone 15 Pro Max was Q1's best-selling smartphone; Pro phones were 50% of Apple's sales, up from 24% in 2020; Apple and Samsung each had five phones in top 10  —  - Apple and Samsung dominated the list of top 10 best-selling smartphones in Q1 2024.  — This was the first quarter in which the top 10 smartphones were all 5G capable.
More: AppleInsider and BGR
Tassilo Hummel / Reuters:
Atos says it received four distinct offers to restructure its debt and inject cash from investors including Atos' banks and its largest shareholder Onepoint  —  Debt-laden French IT company Atos on Monday confirmed it had received four distinct offers from investors to restructure its debt …
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Pei Li / Bloomberg:
Sources: Chinese self-driving startup Beijing Momenta Technology confidentially filed for an IPO in the US and could raise $200M to $300M as early as in 2024  —  - Chinese company is working with banks on a potential listing  — Momenta working with banks, aiming to raise up to $300 million
More: Benzinga
Muyao Shen / Bloomberg:
DEX Screener: the value of decentralized social platform Friend.tech's native token, the Friend, fell ~98% to below $2 after making its trading debut on May 3  —  - “No one can figure out the tokenomics,” Delphi's Rinko says  — Friend.tech's growth has been driven in part by trading bots
Anthony Ha / TechCrunch:
Meta launches quote post controls for all Threads users, letting them allow quotes from everyone on Threads, only the people they follow, or disable quote posts  —  Threads users can now exert more control over who can quote their posts.  —  This builds on a feature that already allows Threads users …

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