ApeCoin Surge and Amazon's MGM Acquisition Insights

Australia sues Meta for alleged cryptocurrency scam ads. Bored Apes Yacht Club had, what we might call a busted IPO, if that was term we were using. Amazon is now officially the proud owner of James Bond. And, of course, the weekend longreads suggestions.

Sponsors:

• GetVultr.com/techmeme or promocode 150OFFER30
• LiveOuter.com/techmeme

Links:

• Australian watchdog sues Facebook-owner Meta over scam advertisements (Reuters)
• Bored Ape Yacht Club Ethereum NFT Sales Surge as ApeCoin Price Pops, Then Drops (Decrypt)
• U.S. antitrust enforcers won't challenge Amazon's MGM deal, dashing hopes of monopoly critics (Politico)

Weekend Longreads Suggestions:

• Substack’s Ideology (Divinations)
• A Big Bet to Kill the Password for Good (Wired)
• Razzlekhan: The Untold Story Of How A YouTube Rapper Became A Suspect In A $4 Billion Bitcoin Fraud (Forbes)
• Six months in, El Salvador’s bitcoin gamble is crumbling (Rest Of World)
• The neon shortage is a bad sign (Recode)
• Beating Japan at Its Own (Video) Game: A Smash Hit From China (NYTimes)

Learn more about your ad choices. Visit megaphone.fm/adchoices