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The Almighty Buck

Warren Buffett Resigns From Bill and Melinda Gates Foundation (interestingengineering.com) 48

Warren Buffett, the chairman and chief executive of Berkshire Hathaway, announced his resignation as a trustee of the Bill and Melinda Gates Foundation on Wednesday, according to a press release. Interesting Engineering reports: Bill and Melinda Gates announced that they were getting divorced in May of 2021. For many, it was an earth-shattering announcement, one that raises a host of questions about the future of their foundation and its quest to end disease worldwide. This latest announcement adds to the growing number of questions about what's in store for the many enterprises currently being managed by the Gates Foundation. The foundation supplies grants to researchers studying polio, nutrition, agriculture, global education, sanitation, HIV, malaria, tobacco control, vaccines, gender inequality...and we're just getting started.

At the age of 90, Buffet has donated $41 billion worth of Berkshire stock to the five foundations. In today's announcement, he added that he has donated an extra $4.1 billion, but he didn't give a reason for his decision. "Today is a milestone for me," Buffett wrote in a statement. "In 2006, I pledged to distribute all of my Berkshire Hathaway shares -- more than 99% of my net worth -- to philanthropy. With today's $4.1 billion distribution, I'm halfway there."

"For years I have been a trustee -- an inactive trustee at that -- of only one recipient of my funds, the Bill and Melinda Gates Foundation (BMG). I am now resigning from that post, just as I have done at all corporate boards other than Berkshire's," Buffett said. "The CEO of BMG is Mark Suzman, an outstanding recent selection who has my full support. My goals are 100% in sync with those of the foundation, and my physical participation is in no way needed to achieve these goals."

Bitcoin

South African Brothers Vanish, and So Does $3.6 Billion in Bitcoin (bloomberg.com) 77

A pair of South African brothers have vanished, along with Bitcoin worth $3.6 billion from their cryptocurrency investment platform. From a report: A Cape Town law firm hired by investors says they can't locate the brothers and has reported the matter to the Hawks, an elite unit of the national police force. It's also told crypto exchanges across the globe should any attempt be made to convert the digital coins. Following a surge in Bitcoin's value in the past year, the disappearance of about 69,000 coins -- worth more than $4 billion at their April peak -- would represent the biggest-ever dollar loss in a cryptocurrency scam. The incident could spur regulators' efforts to impose order on the market amid rising cases of fraud.

The first signs of trouble came in April, as Bitcoin was rocketing to a record. Africrypt Chief Operating Officer Ameer Cajee, the elder brother, informed clients that the company was the victim of a hack. He asked them not to report the incident to lawyers and authorities, as it would slow down the recovery process of the missing funds. Some skeptical investors roped in the law firm, Hanekom Attorneys, and a separate group started liquidation proceedings against Africrypt. "We were immediately suspicious as the announcement implored investors not to take legal action," Hanekom Attorneys said in response to emailed questions. "Africrypt employees lost access to the back-end platforms seven days before the alleged hack." The firm's investigation found Africrypt's pooled funds were transferred from its South African accounts and client wallets, and the coins went through tumblers and mixers -- or to other large pools of bitcoin -- to make them essentially untraceable.

Intel

Intel Licenses SiFive's Portfolio for Intel Foundry Services on 7nm (anandtech.com) 15

An anonymous reader shares a report: Today's announcement from SiFive comes in two parts; this part is significant as it recognizes that Intel will be enabling SiFive's IP portfolio on its 7nm manufacturing process for upcoming foundry customers. We are expecting Intel to offer a wide variety of its own IP, such as some of the x86 cores, memory controllers, PCIe controllers, and accelerators, however the depth of its third party IP support has not been fully established at this point. SiFive's IP is the first (we believe) official confirmation of specific IP that will be supported. Announced earlier this year by Pat Gelsinger, Intel Foundry Services (or IFS) is one prong of Intel's strategy to realign itself with the current and future semiconductor market. Despite having attempted to become a foundry player in the past, whereby they build chips under contract for their customers, it hasn't really worked out that well -- however IFS is a new reinvigoration of that idea, this time with more emphasis on getting it right and expanding the scope.
Businesses

Leaked Memo Confirms OnePlus Will Become An Oppo Sub-Brand 19

According to leaker Evan Blass, OnePlus and Oppo are merging, with OnePlus becoming an Oppo sub-brand. OnePlus CEO Pete Lau made the announcement last week in a forum post, but Blass obtained a document that explains the integration in plainer terms. The Verge reports: "With the integration, OnePlus becomes a brand within Oppo, however will continue to function as an independent entity," reads the most pertinent answer. The memo also says that Lau's role as chief product officer at Oppo will make him responsible for the product strategies of both Oppo and OnePlus. [...] The memo confirms that this is essentially what's going to happen, removing any need to read between the lines. "With the merging of both the firms, we will have more resources at hand to create even better products," it says. "It will also allow us to be more efficient in our operations." OnePlus and Oppo had already merged their R&D departments around the turn of the year, so the further integration is more to do with streamlining day-to-day business operations.

OnePlus customers shouldn't necessarily expect too much to change -- the shared ownership and supply chain meant that there have been similarities between Oppo and OnePlus phones for as long as OnePlus has existed. But now that OnePlus is acknowledging the relationship out loud instead of acting like it's a scrappy startup, all eyes will be on the company's next round of flagship phones.
Security

Poland Says Recent Attacks on Local Politicians Originated from Russia (therecord.media) 22

The Polish government said that a recent wave of cyberattacks that have targeted the email accounts of local political figures originated from Russia. From a report: The attacks have targeted some of the most important Polish officials, ministers, and deputies from various political parties, said Jaroslaw Kaczynski, Poland's deputy prime minister, citing sources from the Polish Internal Security Agency and the Military Counterintelligence Service. "The analysis of our services and the special services of our allies allows for a clear statement that the cyber attack was carried out from the territory of the Russian Federation," Kaczynski said in a press release today. "Its scale and range are wide," the Polish official said. The announcement today comes after Polish local news outlets reported last week hackers broke into the email inbox of Michal Dworczyk, head of the Chancellery of the Polish Prime Minister's. Throughout the course of the last week, the hackers leaked emails and documents from Dworczyk's inbox on a Telegram channel, according to Polish online news outlet Onet. Other documents were also leaked through the Facebook account of Dworczyk's wife.
Security

Police Bust Ransomware Gang in Ukraine (nbcnews.com) 68

Police in Ukraine said this week they arrested members of a major ransomware gang. From a report: The arrests mark the first time a law enforcement agency has announced a mass arrest of a prolific hacker group that had extorted Americans by either encrypting an organization's files or threatening to leak them to the public. The gang, known as Cl0p, has hacked a number of American targets, including the University of Miami, Florida, Stanford University, University of Maryland, and University of Colorado, demanding a payment to either keep their systems functional or to not publish material they were able to steal. The bust comes as ransomware has gone from a quietly pervasive cybersecurity problem to a broadly discussed national security issue, thanks to a series of high-profile attacks that have threatened to cripple some U.S. supply chains.

Ukraine's announcement coincided with President Joe Biden's meeting with Russian President Vladimir Putin in Geneva. Biden is expected to press Putin to take action against ransomware hackers who operate with impunity within Russia's borders. Ransomware has become a significant problem in the United States. Recent ransomware attacks briefly hobbled the Colonial Pipeline, shutting down the country's largest fuel pipeline for five days, and JBS, one of the country's largest meat suppliers. The majority of the most prolific ransomware gangs are believed to operate in Eastern Europe, and Russia in particular. Ukraine's cyber police announced they had arrested six people involved with Cl0p, and seized a number of computers, cars and about 5 million Ukrainian hryvnia ($185,000) in cash.

The Internet

Also Leaving Freenode: FSF, GNU, plus Linux and Python support channels (fsf.org) 65

Freenode's Linux support channel has an official web page at freenode.linux.community, which now bears this announcement:

22+ year old ##linux on freenode has been seized by freenode staff

The community's (multi-platform) site reminds visitors of the alternative channels #linux on Libera and Linux.Chat on Discord.

But they're not the only ones making changes. "[T]he FSF and GNU have decided to relocate our IRC channels to Libera.Chat," reads an official announcement on the FSF blog. "Effective immediately, Libera is the official home of our channels, which include but are not limited to all those in the #fsf, #gnu, and #libreplanet namespaces." As we have had nearly twenty years of positive experiences with the Freenode staff, most of whom now comprise the staff of the Libera network, we are confident in their technical and interpersonal expertise, as well as their ability to make the network as long-lasting and integral to the free software community as they made Freenode. We look forward to joining the large number of free software and free culture projects who have already made Libera.Chat their home, and hope to stay there for many years to come.
Also making a move: freenode's #Python channel. Software developer Ned Batchelder, one of the channel's operators (and also an architect at edX), shared a recent experience in a new blog post this morning. When they'd decided to move #python to the new Libera.chat network (run by former Freenode staffers), they also stayed in Freenode's channel "to let people know where everyone had gone." Yesterday, after a heated debate in the Freenode channel where I was accused of splitting the community, I got k-lined (banned entirely from Freenode). The reason given was "spamming", because of my recurring message about the move to Libera. Then the entire Freenode #python channel was closed... Was it malice or was it mistake? Does it matter? It's not a good way to run a network. After the channel was closed, people asking staff about what happened were banned from asking. That wasn't a mistake... [T]he new staff seems to be using force to silence people asking questions. It's clear that transparency is not a strong value for them.

Setting aside network drama, the big picture here is that the Freenode #python community isn't split: it's alive and well. It's just not on Freenode anymore, it's on Libera.

Freenode was a good thing. But the domain name of the server was the least important part of it, just a piece of technical trivia. There's no reason to stick with Freenode just because it is called Freenode. As with any way of bringing people together, the important part is the people. If all of the people go someplace else, follow them there, and continue.

See you on Libera.

Bitcoin

IMF Sees Legal, Economic Issues With El Salvador Bitcoin Move 133

The International Monetary Fund said on Thursday it has a number of economic and legal concerns regarding the move from El Salvador to make bitcoin a parallel legal tender. Reuters reports: El Salvador has become the first country in the world to adopt bitcoin as legal tender, with President Nayib Bukele touting its use for its potential to help Salvadorans living abroad to send remittances back home. "Adoption of bitcoin as legal tender raises a number of macroeconomic, financial and legal issues that require very careful analysis," said Gerry Rice, an IMF spokesman, during a scheduled press briefing. "We are following developments closely, and we'll continue our consultations with the authorities." Rice said the Fund will later on Thursday meet with Bukele to discuss the bitcoin law. El Salvador is in discussions with the IMF seeking a near $1 billion program. Hours after his announcement, Bukele instructed the state-owned geothermal electric company "to put up a plan to offer facilities for Bitcoin mining with very cheap, 100% clean, 100% renewable, 0 emissions energy from our volcanos."
Social Networks

Reddit Ends Secret Santa Gift-Giving Platform (gizmodo.com) 28

Reddit is shutting down the beloved Secret Santa platform Reddit Gifts after the 2021 holiday season. Gizmodo reports: Over the years, the related forum r/secretsanta has attracted over 200,000 members and celebrity surprises such as a cat drawing by Arnold Schwarzennegger, an autographed photo of Shaq, and annual thoughtful gift packages from Bill Gates containing items such as video games, a horse blanket, and 81 pounds of books and toys. "Why the fuck would you kill this," a top comment reads. Reddit admins didn't explain much in their announcement yesterday but acknowledged that "countless acts of love, heroism, compassion, support, growth and hilarity happened through Reddit Gifts, and those memories will live on in the hearts of our community." Plus loads of free press. Why the fuck would you kill this? Reddit has not yet responded to Gizmodo's request for comment.
Medicine

CDC To Meet On Rare Heart Inflammation Following COVID Vaccine (yahoo.com) 114

An anonymous reader quotes a report from Reuters: The Centers for Disease Control and Prevention announced Thursday that will convene an "emergency meeting" of its advisers on June 18th to discuss rare but higher-than-expected reports of heart inflammation following doses of the mRNA-based Pfizer and Moderna COVID-19 vaccines. So far, the CDC has identified 226 reports that might meet the agency's "working case definition" of myocarditis and pericarditis following the shots, the agency disclosed Thursday. The vast majority have recovered, but 41 had ongoing symptoms, 15 are still hospitalized, and 3 are in the intensive care unit. The reports represent just a tiny fraction of the nearly 130 million Americans who have been fully vaccinated with either Pfizer or Moderna's doses.

"It's a bit of an apples-to-oranges comparison because, again, these are preliminary reports. Not all these will turn out to be true myocarditis or pericarditis reports," cautioned Dr. Tom Shimabukuro, a CDC vaccine safety official. Shimabukuro said their findings were mostly "consistent" with reports of rare cases of heart inflammation that had been studied in Israel and reported from the U.S. Department of Defense earlier this year. The CDC is working on more data and analysis on the reports ahead of the emergency meeting of its own advisers next week, he said, and also planned to analyze the risk of heart inflammation posed by catching COVID-19. The new details about myocarditis and pericarditis emerged first in presentations to a panel of independent advisers for the Food and Drug Administration, who are meeting Thursday to discuss how the regulator should approach emergency use authorization for using COVID-19 vaccines in younger children.

Apple

Apple's First AR Headset To Launch In Q2 of 2022 (macrumors.com) 21

According to analyst Ming-Chi Kuo, Apple is planning to debut its first augmented reality headset in the second quarter of 2022. MacRumors reports: The research report focuses on prospects for key Apple supplier Genius Electronic Optical, and notes that the company will benefit from a number of upcoming VR and AR products from the likes of Facebook, Sony, and Apple: "We predict that Apple will launch AR HMD [head-mounted display] devices in 2Q22. The device will provide a video see-through AR experience, so the lens is also needed, and Genius is also a key supplier." Apple has been rumored to be working on a pair of AR-related headsets, led by an initial "mixed-reality" device that has variously been rumored to be launching in 2021 or 2022. A sleeker pair of augmented reality glasses is rumored to follow, perhaps around 2025. As recently as January, Kuo was predicting that Apple's initial AR headset would debut sometime in 2021, but by March he had pushed his prediction back to "mid-2022," more in line with today's report.

Some of the uncertainty about timing may be related to a potentially lengthy gap between announcement and launch for the AR headset. As a new platform for Apple, the company may want to announce it a number of months ahead of any product launch to give developers time to prepare. Reports have, however, indicated that Apple's first AR headset will be a pricey, high-end device largely targeted at developers rather than the broader public.

Earth

Carbon Dioxide Reaches Highest Level In 4 Million Years (npr.org) 221

An anonymous reader quotes a report from NPR: The amount of carbon dioxide in Earth's atmosphere reached 419 parts per million in May, its highest level in more than four million years, the National Oceanic and Atmospheric Administration announced on Monday. After dipping last year because of pandemic-fueled lockdowns, emissions of greenhouse gases have begun to soar again as economies open and people resume work and travel. The newly released data about May carbon dioxide levels show that the global community so far has failed to slow the accumulation of heat-trapping gases in the atmosphere, NOAA said in its announcement.

The May measurement is the monthly average of atmospheric data recorded by NOAA and the Scripps Institution of Oceanography at an observatory atop Hawaii's Mauna Loa volcano. NOAA's monthly average from its measurements came to 419.13 parts per million, and scientists from Scripps calculated their average as 418.92. A year ago, the average was 417 parts per million. The last time the atmosphere held similar amounts of carbon dioxide was during the Pliocene period, NOAA said, about 4.1 to 4.5 million years ago. At that time, sea levels were 78 feet higher. The planet was an average of 7 degrees Fahrenheit warmer, and large forests might have grown in what is today's Arctic tundra.
"We are adding roughly 40 billion metric tons of CO2 pollution to the atmosphere per year," said Pieter Tans, a senior scientist with NOAA's Global Monitoring Laboratory, in a statement. "If we want to avoid catastrophic climate change, the highest priority must be to reduce CO2 pollution to zero at the earliest possible date."
Censorship

Notepad++ Drops Bing After 'Tank Man' Censorship Fiasco (bleepingcomputer.com) 138

An anonymous reader quotes a report from BleepingComputer: The latest Notepad++ release has removed support for Bing search from the app after the "tank man" fiasco Microsoft had to deal with on Friday afternoon. "Microsoft Bing is removed from Notepad++ settings for Search on Internet command, due to its poor reliability," the Notepad++ v8 announcement reads. Don Ho, the creator of Notepad++, one of the most popular open-source Notepad replacements, revealed on GitHub that the motivation behind this decision is Bing censoring results instead of doing "its job." "When a search engine does the censorship instead of its job, the search result loses its quality and it's not reliable anymore," Don Ho said in the GitHub commit removing Bing support. "Hence, Microsoft Bing is removed from Notepad++ for "Search on Internet" command." "While there was no immediate explanation to the problem, it is a widely known fact that China forces companies with businesses within its borders to abide by its censorship rules requiring to block references to China's 1989 crackdown on Tiananmen Square protests," notes BleepingComputer. A Microsoft spokesperson said it was "due to an accidental human error."

In August 2020, China banned Notepad++ after Don Ho protested against China's human rights violations of the Uyghur people and the Hong Kong political unrest by releasing two versions dubbed 'Stand with Hong Kong' and 'Free Uyghur.'
Space

Jeff Bezos Plans to Travel to Space on Blue Origin Flight (bloomberg.com) 131

Jeff Bezos will go to space next month when his company, Blue Origin, launches its first passenger-carrying mission. From a report: The 57-year-old, who plans to travel alongside his brother, Mark, made the announcement in an Instagram post Monday. The scheduled launch next month will be about two weeks after the billionaire plans to step down as chief executive officer of Amazon.com. "Ever since I was five years old, I've dreamed of traveling to space," Bezos said in the post. "On July 20th, I will take that journey with my brother. The greatest adventure, with my best friend."

Blue Origin is one of several high-profile space-tourism companies backed by a wealthy entrepreneur, alongside Elon Musk's Space Exploration Technologies and Richard Branson-backed Virgin Galactic Holdings. Both of those companies are making plans to carry paying customers. Blue Origin is auctioning off a seat on its New Shepard rocket for the July 20 flight, an 11-minute trip to suborbital space that will reach an altitude of about 100 kilometers (62 miles). The spot will be the only one available for purchase on the flight, and the proceeds will go to a Blue Origin foundation that promotes math and science education.

Crime

FBI Charges Woman With Writing Code For 'Trickbot' Ransomware Gang (justice.gov) 38

Slashdot reader Charlotte Web summarizes a Department of Justice press release: The U.S. Department of Justice says "millions" of computers around the world were infected with the Trickbot malware, which was used "to harvest banking credentials and deliver ransomware."

In February they arrested a 55-year-old woman in Miami, Florida, saying she and her associates "are accused of infecting tens of millions of computers worldwide, in an effort to steal financial information to ultimately siphon off millions of dollars through compromised computer systems," according to Special Agent in Charge Eric B. Smith of the FBI's Cleveland Field Office. In October ZDNet was calling Trickbot "one of today's largest malware botnets and cybercrime operations."

Yesterday that woman — Alla Witte, aka "Max" — was arraigned in federal court in Cleveland, Ohio. According to the indictment, Witte worked as a malware developer for the Trickbot Group and wrote code related to the control, deployment, and payments of ransomware.

From the Department of Justice announcement:

The ransomware informed victims that their computer was encrypted, and that they would need to purchase special software through a Bitcoin address controlled by the Trickbot Group to decrypt their files. In addition, Witte allegedly provided code to the Trickbot Group that monitored and tracked authorized users of the malware and developed tools and protocols to store stolen login credentials... Witte and her co-conspirators allegedly worked together to infect victim computers with the Trickbot malware designed to capture online banking login credentials and harvest other personal information, including credit card numbers, emails, passwords, dates of birth, social security numbers and addresses. Witte and others also allegedly captured login credentials and other stolen personal information to gain access to online bank accounts, execute unauthorized electronic funds transfers and launder the money through U.S. and foreign beneficiary accounts...

If convicted, Witte faces a maximum penalty of 30 years in prison for conspiracy to commit wire and bank fraud; 30 years in prison for each substantive bank fraud count; a two-year mandatory sentence for each aggravated identity theft count, which must be served consecutively to any other sentence; and 20 years in prison for conspiracy to commit money laundering.


The indictment alleges that "beginning in November 2015, Witte and others stole money and confidential information from unsuspecting victims, including businesses and their financial institutions in the United States, United Kingdom, Australia, Belgium, Canada, Germany, India, Italy, Mexico, Spain, and Russia through the use of the Trickbot malware." The AP reports the group is now accused of targeting high-reward victims which included hospitals, schools, public utilities, and governments, as well as real estate and law firms and country clubs.

Interestingly, this case is part of the U.S. Department of Justice's "Ransomware and Digital Extortion Task Force," with its Criminal Division working with the U.S. Attorneys' Offices and prioritizing the disruption, investigation, and prosecution of ransomware "by tracking and dismantling the development and deployment of malware, identifying the cybercriminals responsible, and holding those individuals accountable for their crimes," according to the department's statement. "The department, through the Task Force, also strategically targets the ransomware criminal ecosystem as a whole and collaborates with domestic and foreign government agencies as well as private sector partners to combat this significant criminal threat."

"These charges serve as a warning to would-be cybercriminals," said Deputy Attorney General Lisa O. Monaco, "that the Department of Justice, through the Ransomware and Digital Extortion Task Force and alongside our partners, will use all the tools at our disposal to disrupt the cybercriminal ecosystem."

Cellphones

Carriers Agree To Start Sharing Vertical Location Data For 911 Calls (xda-developers.com) 23

The three major carriers in the U.S. have now agreed to start providing vertical location data for 911 calls, which will help first responders quickly locate 911 callers in multi-story buildings. XDA Developers reports: The FCC wrote in its announcement, "FCC Acting Chairwoman Jessica Rosenworcel today announced breakthrough agreements with America's three largest mobile phone providers to start delivering vertical location information in connection with 911 calls nationwide in the coming days. This information will help first responders quickly locate 911 callers in multi-story buildings, which will reduce response times and ultimately save lives."

The FCC first announced in 2015 that carriers would be required to start sharing vertical location data. The original deadline was June 2nd, 2021, but AT&T, T-Mobile, and Verizon wanted an 18-month extension (allegedly due to issues testing the functionality during the COVID-19 pandemic). With the deadline rapidly approaching, the FCC began an investigation in April to find out what was taking carriers so long. All three major carriers have now agreed to start providing vertical location data to 911 call centers within the next seven days, and each company will pay a $100,000 settlement. The agreement also increases the scope of the vertical location data; instead of the data only being provided in select areas, vertical location information will be provided by carriers across the entire United States. However, it will likely take longer than a week for the vertical data to be used in most 9-1-1 call centers, as the change will require updated software and (possibly) additional training for emergency dispatchers.

The Courts

Dell Hit With Fraud Case Over Alienware Area-51m Upgrade Claims (tomshardware.com) 43

A California man has filed for a class action lawsuit against PC manufacturer Dell, claiming that the company "intentionally misled and deceived" buyers of its Alienware Area 51-m R1 gaming laptop, which was advertised to be more upgradeable than other gaming notebooks. From a report: The plaintiff, Robert Felter, who is based in San Francisco, alleges that Dell misleads customers to believe that the laptop would be upgradeable, possibly into future generations of components. The case, Felter v. Dell Technologies, Inc. (3:21-cv-04187) has been filed with the United States District Court in the Northern District of California. The Alienware Area 51-m was announced at CES 2019 and launched soon after. (The complaint claims the announcement was made in the summer of 2019, which is incorrect.). Among the Area 51-m's biggest touted innovations were a user-replaceable CPU and GPU.

At media briefings, Alienware representatives told the press that the CPU could be upgraded as long as it used Intel's Z390 chipset. The laptop used Intel's 9th Gen Core desktop processors, up to the Intel Core i9-9900K. Dell developed separate proprietary Dell Graphics Form Factor (DGFF) modules for the Nvidia graphics. The lawsuit, however, claims that consumers were told that "core components" (meaning the CPU and GPU) could be replaced beyond the current generation of hardware. "Dell's advertisement to the public didn't place any restrictions on the upgradeability of the laptop," lawyer David W. Kani said in an email to Tom's Hardware. "They also never disclosed that those with the highest spec CPU and/or GPU that their device would not be upgradeable."

Android

Google is Making it Harder for Android Apps To Track You Once You've Opted Out (theverge.com) 16

It's going to get harder for Android apps to track users who've opted out of receiving personalized ads, the Financial Times reports, after Google announced changes to how it'll handle the unique device identifiers that allow marketers to track them between apps. From a report: Starting later this year, Google is cutting off access to these "Advertising IDs" after a user opts out, and will show developers a "string of zeros" in its place. The news was announced in an email to Play Store developers, and Google has also updated its support page for Advertising IDs with the announcement. Google told developers the changes will "provide users with more control over their data, and help bolster security and privacy," the Financial Times reports. The change comes a few short months after Apple overhauled how advertising IDs work on iOS in an apparent attempt to compete with the new policy.
Movies

AMC Is Giving Free Popcorn Away To Meme Stonk Investors (theverge.com) 31

AMC announced today that it was creating AMC Investor Connect, "an innovative, proactive communication initiative that will put AMC in direct communication with its extraordinary base of enthusiastic and passionate individual shareholders to keep them up to date about important company information and to provide them with special offers." In other words, the company is embracing the meme stonk investors that have sent AMC shares to new highs. The Verge reports: This represents "a groundbreaking new approach" to communicating with retail investors, the company says. It's a shame they didn't put a bunch of rocket emojis in the announcement -- after all, there's no need to be coy. We all know exactly who AMC is speaking to, and if they sign up today, they're getting free popcorn. This is also, essentially, the opposite of what GameStop did, which was say absolutely nothing. You got the sense that maybe the exec team was nervous that anything they said might potentially be securities fraud. AMC, though, they've elected to really embrace the whole meme thing. I'm hoping there are more announcements where they get meme-ier. Like, retail investors get a free Lego rocket in the fourth quarter or something.
Businesses

Amazon Faced 75,000 Arbitration Demands. Now It Says: Fine, Sue Us (wsj.com) 37

Companies have spent more than a decade forcing employees and customers to resolve disputes outside the traditional court system, using secretive arbitration proceedings that typically don't allow plaintiffs to team up and extract big-money payments akin to a class action. Now, Amazon is bucking that trend. From a report: With no announcement, the company recently changed its terms of service to allow customers to file lawsuits. Already, it faces at least three proposed class actions, including one brought May 18 alleging the company's Alexa-powered Echo devices recorded people without permission.

The retail giant made the change after plaintiffs' lawyers flooded Amazon with more than 75,000 individual arbitration demands on behalf of Echo users. That move triggered a bill for tens of millions of dollars in filing fees, according to lawyers involved, payable by Amazon under its own policies. Amazon's decision to drop its arbitration requirement is the starkest example yet of how companies are responding to plaintiffs' lawyers pushing the arbitration system to its limits. Arbitration agreements are buried in the contracts consumers sign to do everything from buying a cellphone to using a ride-hailing app. Many employers also require arbitration for adjudicating issues like pay disputes or discrimination claims. The U.S. Supreme Court has repeatedly upheld and strengthened the rights of companies to mandate arbitration.

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