SUMMARY COINBASE LOSES HALF ITS VALUE IN A WEEK AS CRYPTO SLUMPS 06 CRYPTO COMES TO WASHINGTON. WILL THE MILLIONS BUY INFLUENCE? 16 4 WAYS TO PROTECT YOUR SMALL BUSINESS FROM CYBERATTACKS 32 SCIENTISTS GROW PLANTS IN LUNAR DIRT, NEXT STOP MOON 44 GOOGLE ADOPTS AN APPLE-LIKE APPROACH FOR ITS PIXEL PRODUCTS 56 GOOGLE GETS MORE MULTILINGUAL, BUT WILL IT GET THE NUANCE? 66 EA SPORTS AND FIFA END PARTNERSHIP, BOTH EYE NEW VIDEO GAMES 78 MS. PAC-MAN CLEARS PATH TO WORLD VIDEO GAME HALL OF FAME 88 SELF SERVICE REPAIR - EMPOWERING CONSUMERS TO FIX THEIR DEVICES 96 NINTENDO’S PROFIT DIPS SLIGHTLY AS SWITCH CONSOLE SALES SLOW 120 BIDEN ANNOUNCES PROGRAM OFFERING DISCOUNTED INTERNET SERVICE 124 FACE-SCANNER CLEARVIEW AGREES TO LIMITS IN COURT SETTLEMENT 132 HOW TO AVOID ‘RUG PULLS,’ THE LATEST CRYPTOCURRENCY SCAM 140 SEC: NVIDIA FAILED TO DISCLOSE CRYPTO AS REVENUE GENERATOR 148 META OPENS FIRST PHYSICAL STORE 154 THOUSANDS OF SMARTPHONES PURCHASED BY VA WENT UNUSED 158 DETAILED ‘OPEN SOURCE’ NEWS INVESTIGATIONS ARE CATCHING ON 164 AIRBNB OVERHAULS SITE SEARCHES WITH CATEGORIES OF RENTALS 174 THE HEART OF THE HOME GETS NEW COLOR, CUBBIES, CONNECTIVITY 178 AMAZON FIRES 2 UNION ORGANIZERS TIED TO FIRST U.S. LABOR WIN 190 ‘DOCTOR STRANGE 2’ GETS WEIRDER, SCARIER, MESSIER 196 SAVE ON FAMILY TRAVEL WITHOUT STRESSING 214 GOOGLE STRIKES CONTENT DEALS WITH 300 EUROPEAN PUBLISHERS 222 SUPPLIES LAUNCHED TO CHINA’S NEW SPACE STATION FOR NEXT CREW 226 CALIFORNIA LAYS OUT PLAN TO DRASTICALLY CUT FOSSIL FUEL USE 230 06 COINBASE LOSES HALF ITS VALUE IN A WEEK AS CRYPTO SLUMPS 07 Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one-day drop 5o date on Wednesday as the famously volatile crypto market weathers yet another slump. Coinbase reported a $430 million net loss in the first quarter, or $1.98 per share, on declining sales and active users. Analysts were expecting profit of 8 cents per share. Revenue was down as trading volumes fell, and active monthly users declined 19% from the fourth quarter. It’s unlikely those results surprised investors — shares Coinbase Global Inc. declined 43% in the four days leading up to their earnings release Tuesday. On Wednesday, shares fell 26%, to $53.72 per share. On the day of its initial public offering just 13 months ago, prices hit $429 per share. Patrick O’Shaughnessy, an analyst who covers Coinbase for Raymond James, acknowledged in a note to clients that there was an ongoing debate over whether the crypto market was in one of its typical funks or if this was the post-pandemic bubble deflating. “While management strongly believes the former will prove to be true, we suspect there is more than a bit of truth to the latter, particularly with crypto failing to serve as an inflation hedge thus far in 2022,” O’Shaughnessy wrote. Like much of Wall Street, O’Shaughnessy said his firm expects Coinbase to continue to lose money in the coming quarters, and that the “cons of increased crypto regulation down the road will decidedly outweigh the pros.” Government officials have made it clear that regulation is coming. Treasury Secretary Janet 08 09 Yellen said in April that more government oversight is needed in the fledgling industry and that over the next six months, Treasury would work with the White House and other agencies to develop reports and recommendations on digital currencies. “Our regulatory frameworks should be designed to support responsible innovation while managing risks – especially those that could disrupt the financial system and economy,” Yellen said. On Tuesday, Yellen testified to the Senate Banking Committee, warning legislators about stablecoins, which are digital currencies usually pegged to the dollar or a commodity such as gold. In theory, 10