🪠 BuzzFeed investors have pushed CEO Jonah Peretti to shut down entire newsroom

Today’s pick

BuzzFeed investors have pushed CEO Jonah Peretti to shut down entire newsroom, sources say. Several large shareholders have urged BuzzFeed CEO Jonah Peretti to shut down the company's news organization. BuzzFeed News has won awards, including a Pulitzer Prize, but is now shrinking through voluntary buyouts. (Alex Sherman / CNBC)

Reed F. Richardson @reedfrich

Less than a year removed from winning a Pulitzer Prize for mapping internment camps in China, BuzzFeedNews is becoming yet another example of Wall Street looking at journalism as purely a wasteful line item. cnbc.com/2022/03/22/buz…

---

Bored Ape Yacht Club creator raises $450 million to build an NFT metaverse. Yuga Labs, the owner of three of the biggest NFT brands on the market, has raised $450 million in funding at a $4 billion valuation, the company announced today. The team behind Bored Ape Yacht Club plans to use the money to build a media empire… (Jacob Kastrenakes / The Verge)

Lightspeed @lightspeedvp

Thrilled to announce our investment in @yugalabs and support their grand vision for the entire #NFT community. We've officially aped in! #NewProfilePic

theverge.comBored Ape Yacht Club creator raises $450 million to build an NFT metaverseThe company wants to build a “player-run” metaverse RPG.

---

Fury As Okta-The Company That Manages 100 Million Logins-Fails To Tell Customers About Breach For Months. Okta, the $25 billion market cap company that handles logins for more than 100 million users, confirmed it suffered a breach in January via a third party customer support provider. (Thomas Brewster / Forbes)

Thomas Brewster @iblametom

Here’s my story on the @okta breach - the issue right now is lack of communication from the company, as customers express real anger at only being told now about a 2-month-old breach… and no one seems to know how bad this is atm.

forbes.comFury As Okta—The Company That Manages 100 Million Logins—Fails To Tell Customers About Breach For MonthsWith $25 billion market cap and over 100 million customers, Okta is one of the biggest cybersecurity companies around. If it suffered a breach, it could have widespread ramifications, security experts warn.

---

EU to unveil landmark legislation to tackle market power of Big Tech. The EU is poised to unveil a landmark law designed to rein in the market power of Big Tech this week, after a deal was struck on crucial details such as the size of companies targeted by the long-anticipated legislation. (Javier Espinoza / Financial Times)

Javier Espinoza @JavierespFT

Key moment for tech regulation: EU to unveil landmark legislation to tackle market power of Big Tech || Digital Markets Act now expected to target core online platforms with market cap of at least €75bn Story here:

ft.comSubscribe to read | Financial TimesNews, analysis and comment from the Financial Times, the worldʼs leading global business publication

---

Zoom's new virtual avatars let you show up to your next meeting as a dog. Zoom will let you show up to your next meeting as a rabbit, fox, dog, or another type of animal, using its new Avatars feature that replaces you with a virtual character that copies your expressions, Memoji-style. (Mitchell Clark / The Verge)

Surveillance Killjoy @hypervisible

“Zoom does say that it won’t ‘store any data regarding your face or facial features’ if you use Avatars.” 😉 theverge.com/2022/3/22/2299…

theverge.comZoom’s new virtual avatars let you show up to your next meeting as a dogZoom filters that completely replace your face

---

Thanks for reading to the bottom and soaking in our Newslit fuelled highlights for your morning.

I hope you found it interesting and, needless to say, if you have any questions or feedback let me know by hitting reply or on Twitter.

Take care and see you tomorrow!

— Jose Montes de Oca

P.S. Was this forwarded to you? Sign up here.