May 2

📱 Apple Abused Dominance in Mobile-Wallets Markets

Plus: Bored Ape Metaverse Frenzy Raises Millions, Warren Buffett gives his most expansive explanation for why he doesn't believe in Bitcoin, and more…

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Join the Newslit Team every weekday morning as they guide you through some of the most fascinating stories in tech and business to supercharge your mornings.
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Today’s pick

Apple Abused Dominance in Mobile-Wallets Markets, According to Preliminary EU View. European Union antitrust authorities have told Apple Inc. that they have formed a preliminary view that it has abused its dominant position in markets for mobile wallets. The European Commission said that by limiting technology used for contactless… (Laurence Norman / Wall Street Journal)


Bored Ape Metaverse Frenzy Raises Millions, Disrupts Ethereum. Yuga Labs, the creator of the popular Bored Apes Yacht Club collection of NFTs, shepherded a sale of virtual land related to its highly anticipated metaverse project, raising about $320 million in the largest offering of its kind. Demand was so… (Olga Kharif / Bloomberg)


Warren Buffett gives his most expansive explanation for why he doesn't believe in Bitcoin. Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on bitcoin. He said at the Berkshire Hathaway Annual Shareholder meeting Saturday… (Tanaya Macheel / CNBC)


Automation Isn't the Biggest Threat to US Factory Jobs. The number of American workers who quit their jobs during the pandemic—over a fifth of the workforce—may constitute one of the largest American labor movements in recent history. Workers demanded higher pay and better conditions… (Anna Waldman-Brown / WIRED)


Wikipedia will no longer accept cryptocurrency donations. The Wikipedia community just successfully pushed back against cryptocurrency. On Sunday, the non-profit Wikimedia Foundation, which owns and operates Wikipedia, announced that it would no longer accept cryptocurrency donations. The decision was… (Matt Binder via Mashable)


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