At the center of a consequential case about social media liability is a key question: did Meta lie or mislead the public about the safety of its platform, while knowing something very different? The state of New Mexico opened its case Monday arguing that public statements by Meta's top executives regularly contradicted its own internal […]

Kyle Baird / The Block:
Farcaster co-founders Dan Romero and Varun Srinivasan, along with the team at Merkle, join stablecoin startup Tempo after Merkle's sale of Farcaster to Neynar  —  Quick Take  — Romero and Srinivasan's move follows Farcaster's sale to Neynar and the founders' exit from day-to-day leadership of the protocol.

Politico:
Sources: the White House is drafting a voluntary pact seeking commitments from tech companies to ensure data centers don't raise electricity prices and more  —  The initiative, which the administration wants to roll out with a splashy White House event, has yet to be formally announced …

Aime Williams / Financial Times:
Sources: the Trump administration plans to spare US hyperscalers from upcoming tariffs on chips; exemptions would be based on TSMC's US investment commitments  —  Exemptions would be based on chipmaker TSMC's US investment commitments, officials say  —  Donald Trump's administration intends …

Josh Eidelson / Bloomberg:
The US NLRB abandons its 2024 case accusing SpaceX of illegally firing eight engineers and signals it will steer clear of future cases against the company  —  Agency drops yearslong case over firing of Musk critics.  —  The US labor board is abandoning a yearslong legal battle …