Scott Wiener: Senator Scott Wiener (D-San Francisco) announced SB 1074, the Blocking Anticompetitive Self-preferencing by Entrenched Dominant platforms (BASED) Act, which is sponsored by Y Combinator and Economic Security California Action. The BASED Act will restore competition to the digital marketplace by prohibiting any digital platform with a market capitalization greater than $1 trillion and […]

Tim Hardwick: Following the latest update of Apple’s Invites app, hosts can now manually edit the guest list to update guest responses and adjust the number of additional guests. […] Elsewhere, the dashboard has been expanded with an All Events view, bringing both upcoming and past events into a single, unified interface. Sharing options have […]

Bloomberg:
Sources: Anthropic has begun weighing a new funding round at a $900B+ valuation, after previously resisting investor proposals at an $800B+ valuation  —  Anthropic PBC has begun weighing a fresh funding round that would value the artificial intelligence developer at more than $900 billion …

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Jonathan Vanian / CNBC:
Meta says Q1 family daily active people fell 20M QoQ to 3.56B, vs. 3.62B est., due to internet disruptions in Iran and WhatsApp access restrictions in Russia  —  Meta shares fell in extended trading on Wednesday after the company reported lower-than-expected capital expenditures and missed on user growth.