Techmeme: 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 (Anushree Dave/The Block)
Techmeme
June 3, 2022, 1:15 AM

Top News

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 …
Wall Street Journal:
Sources: Sandberg's exit from Meta dovetailed with burnout and an internal probe into her activities, including the use of company 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.
Ina Fried / Axios:
Bloomberg:
Parmy Olson / Bloomberg:
Todd Bishop / GeekWire:
Microsoft releases four principles recognizing its employees' rights to organize; president Brad Smith promises an “open and constructive approach” to unions  —  Conceding that the rise of labor unions in tech may ultimately reach its own business, Microsoft released a new set …
Nikhilesh De / CoinDesk:
The CFTC sues Gemini, alleging that the crypto exchange's staff misled the federal regulator during Gemini's 2017 effort to launch bitcoin futures contracts  —  Gemini partnered with Cboe to try and launch what would have been the nation's first bitcoin futures contracts.
Mark Gurman / Bloomberg:
Sources: iPadOS 16 will have a redesigned multitasking interface, letting users resize app windows and offering new ways to handle multiple apps at once  —  Apple Inc. will announce significant changes to the iPad's software next week at its annual Worldwide Developers Conference …
Mark Gurman / Bloomberg:
Sources: Apple plans to improve retail staff schedules, raising minimum hours between shifts from 10 to 12, no work for more than five days in a row, and more  —  Apple Inc. has agreed to make work schedules at its retail stores more flexible, according to employees with knowledge of the plans …
Rebecca Bellan / TechCrunch:
GM's Cruise secures a permit to charge fares for its driverless robotaxi service in San Francisco, which will operate from 10PM to 6AM on select streets  —  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.
Ashley Carman / Bloomberg:
Spotify's “white noise” podcasters are making thousands of dollars per month creating soothing sounds, a growing market that major networks have yet to explore  —  People on the prowl for a new podcast to consume often go for a stimulating option like a political debate or a true crime mystery to quicken the pulse.
Hema Parmar / Bloomberg:
Tiger Global's investor letter shows its fund dropped 14.2% in May, due to losses in tech stocks and markdowns in private assets, pushing its 2022 losses to 52%  —  Losses at Tiger Global Management reached 52% this year, prompting the firm to cut management fees and create separate accounts …
David Pierce / The Verge:
A developer finds that Twitter appears to be working on Search Subscribe, a feature that lets users receive notifications for new tweets matching a search query  —  Think Google Alerts, but for Twitter  —  Twitter appears to be working on a feature called “Search Subscribe,” …

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