Tech Brew Ride Home Tue. 05/03 – No More Podcasting On Facebook
May 3, 2022
Facebook abruptly shuts down its podcasting service, leaving creators scrambling. The SEC is gearing up to tackle crypto fraud, signaling a serious approach to digital currencies. Apple is taking legal action over trade secrets, while Meta is speeding up its VR ambitions with plans for four new headsets by 2024. Meanwhile, Rocket Lab celebrates a milestone in reusable rocket technology, marking a significant step in space exploration.
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Facebook's Podcast Fiasco
- Facebook abruptly abandoned its podcasting platform after just one year.
- This left podcasters and advertisers in disarray due to inflated download metrics and bandwidth issues.
SEC's Crypto Crackdown
- The SEC is expanding its crypto unit, signaling increased scrutiny of the cryptocurrency market.
- This aims to protect investors amidst the rapid growth and perceived “Wild West” nature of crypto.
PayPal vs. Apple
- PayPal's complaint about Apple's NFC restrictions prompted the EU's antitrust investigation.
- Apple defends its limitations by citing the continued popularity of rivals like PayPal on iPhones.