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SCOTUS blocks Texas' social media content moderation law in a 5-4 vote, putting the measure on hold while a constitutional challenge proceeds in a lower court (Greg Stohr/Bloomberg Law)

Salesforce reports Q1 revenue of $7.41B, up 24% YoY, vs $7.38B est., net income down 94% YoY to $28M, and operating cash flow up 14% YoY to $3.68B; stock up 6%+ (Jordan Novet/CNBC)

Research: the value of VC deals in China fell 44% YoY to $24.7B in the first four months of 2022, which is nearly four times the pace of the global slide (Jane Zhang/Bloomberg)

A profile of Paramount three years into its streaming shift, an underdog choosing to continue alone as Netflix and Disney dominate and other streamers cut deals (Benjamin Mullin/New York Times)

How musicians like Weezer frontman Rivers Cuomo use Discord: artists share ideas, host parties, and engage with fans, who help with moderation and other tasks (Cat Zhang/Pitchfork)

London-based Florence, a marketplace that connects vacant care home shifts to local nurses and carers looking for extra work in the UK, raises a $35M Series B (Dan Taylor/Tech.eu)

How Do Your Own Research (DYOR) has spread throughout crypto and online conspiracy communities, signaling a rejection of authority and an appeal to join in (John Herrman/New York Times)

Berlin-based B2B buy now, pay later startup Mondu raises a $43M Series A led by Peter Thiel's Valar Ventures, bringing its total funding to $57M (Amy O'Brien/Sifted)

Kuo says that TSMC's roadmap from 2021 suggests this year's iPhone "A16" chip will stick to a 5nm process and new Macs later this year will also have a 5nm CPU (Benjamin Mayo/9to5Mac)

Indonesia-based Astro, which offers 15-minute grocery delivery, raises a $60M Series B led by Accel, Citius, and Tiger Global, bringing its total raised to $90M (Rita Liao/TechCrunch)

Experts say that governments should create bespoke IP law and an international treaty to protect AI-generated inventions, rather than rework old patent laws (Nature)

Latest AICO Act revisions are carveouts for telcos and financial companies and do not fix real problems with the bill, like a disguised content moderation ban (Mike Masnick/Techdirt)

As Terra blockchain reboots, freshly minted new LUNA tokens started trading on a number of exchanges and swiftly plummeted about 70% from the opening price (Sujith Somraaj/Decrypt)

Nansen: TerraUSD collapse wasn't a work of a single attacker but likely a result of investment decisions from a small number of large UST holders (Olga Kharif/Bloomberg)

Sources: Apple plans an always-on lock screen for iPhone 14 Pro, major windowing and multitasking changes for iPadOS, and iOS-like System Preferences for macOS (Mark Gurman/Bloomberg)

Chinese government data shows domestic smartphone shipments fell 30% YoY to ~86M units in the first four months of 2022 amid the resurgence of COVID-19 in China (Yang Jie/Wall Street Journal)

Sources: the Broadcom-VMware deal happened within two weeks; Broadcom CEO had switched his focus to software amid regulatory headwinds for semiconductor deals (Financial Times)

Interview with Ted Sarandos about Netflix's recent share price plunge, backing Dave Chappelle's latest comedy special, Hollywood schadenfreude, and more (Maureen Dowd/New York Times)

Some teens say French social networking app Yubo, which had 18M downloads in the US, ignored reports that the Uvalde shooter threatened violence on the app (Washington Post)

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 (Preetika Rana/Wall Street Journal)

Layoffs.fyi data: 60+ tech companies had job cuts in May, with 16,000+ employees laid off; notable layoffs in the last month include Getir, Bolt, and Klarna (Michelle Ma/Protocol)

Report: Samsung is preparing to cut smartphone production for 2022 and manufacture 280M devices, down from 310M as initially planned (Ben Schoon/9to5Google)

CWA withdraws its request for a union election next week for staff at an Atlanta Apple store, citing Apple's "sophisticated campaign to intimidate" and COVID-19 (Josh Eidelson/Bloomberg)

Microsoft researchers find severe bugs in mce Systems' framework used by Android apps from large mobile service providers, including AT&T and Bell Canada (Sergiu Gatlan/BleepingComputer)

Indonesia-based Bibit, which runs robo-advisor services for mutual funds and invests users' money based on their risk profiles, raises $80M led by GIC (Budi Sutrisno/Tech in Asia)