The founder of Joker’s Stash, one of the most popular marketplaces for stolen credit card and identity data, has allegedly retired with a fortune of $1B+ — Elliptic’s Co-founder and Chief Scientist discusses cryptocurrency forensics, investigations, compliance, and sanctions. Source
YipitData: average Uber and Lyft fares in the US hit a record high in April, as they drew ~20% fewer riders and 35% fewer trips in Q1 2022 compared to Q1 2019 — The companies are cutting costs, bringing back cheaper rides and looking for new ways to woo drivers. Source
The NYT overstated the influence of both Slate Star Codex and the Rationalist community on Silicon Valley, and falsely portrayed the tech industry as right-wing — Stereotyping the tech industry as a bunch of secretive right-wingers isn’t correct, and it isn’t helpful. Source
Foxconn reports Q1 net profit rose 5% YoY to ~$985M but warns Q2 revenue could slip due to rising inflation, cooling demand, and escalating supply chain issues — Shovel and FoxConn logo are seen before the arrival of U.S. President Donald Trump for the Foxconn Technology Group groundbreaking ceremony. Source
Sources: travel booking site Trip.com, formerly called Ctrip, plans to raise ~$1.09B in its Hong Kong secondary listing; its US shares have risen ~4% this year — – Online travel platform would raise $1.09 billion at that price — U.S.-listed Chinese companies are flocking to Hong Kong. Source
Sources say Discord is exploring a sale that could value it at $10B+, with one source saying it is in the final stage of negotiations — Discord is going through a sales process now that could result in a purchase of the communications and cha5t platform for much more than $10 billion, GamesBeat has learned….
Amazon says its ad-supported streaming video content now reaches more than 120M users every month, up from 20M in January 2020, driven by Twitch — – Amazon said Monday its ad-supported streaming content now reaches more than 120 monthly users every month. Source
German startup lemon.markets, which makes APIs for developers to build stock trading features, raises a €15M seed led by Lakestar and Lightspeed Source
Troy Hunt claims that Carding Mafia, a forum for trading stolen credit card data, has been hacked, exposing emails, usernames, and passwords of ~300K hackers Source
After leaving Meta, CrowdTangle co-founder Brandon Silverman has helped a bipartisan group of US senators craft a bill to boost social networks’ transparency — The co-founder of CrowdTangle has been working with Congress on legislation to make tech companies disclose their inner workings. Source
