May 17 • 2M

⏹ For Tech Startups, the Party Is Over

Plus: Facebook Killed News Feed Fix for Fear of Conservative Backlash, Jeff Bezos is not a poster, 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

For Tech Startups, the Party Is Over. A dizzying turn in technology-startup investing is undoing the fortunes of founders and investors riding a 13-year bull run. Highflying startups have been grounded, swiftly, by the new climate: layoffs, skeptical investors, an exodus of funds and… (Heather Somerville / Wall Street Journal)


Facebook Killed News Feed Fix for Fear of Conservative Backlash. Facebook said it did not "build and withhold any News Feed changes based on potential impact on any one political party.” Internal documents say otherwise (Dell Cameron, Shoshana Wodinsky, and Mack DeGeurin / Gizmodo)


Jeff Bezos is not a poster. Friends, I've had alerts on for Jeff Bezos' tweets for a while now, and after some consideration, I'm afraid I have to conclude that this man cannot post. I am, in fact, finding it difficult to believe how bad he is at posting. It's astonishing. If… (Elizabeth Lopatto via The Verge)


Apple Podcasts gains storage clean-up tools, support for annual subscriptions, and a new distribution system. As the battle for podcaster talent and distribution heats up among providers, Apple this morning announced the launch of several new features for its Apple Podcasts service arriving alongside the latest software updates for iPhone, iPad, and Mac. (Sarah Perez / TechCrunch)


Crypto industry wields its influence in Washington after pouring over $30 million into campaigns. U.S. Rep. Ritchie Torres saw two fundraising events organized by crypto-heavy investors after writing an industry friendly op-ed. Over $30 million has been invested into campaigns by crypto executives since the start of the 2020 election cycle. (Brian Schwartz / CNBC)


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Jose Montes de Oca

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