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3:55 PM ET, June 4, 2021

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 Top News: 
Nick Clegg / About Facebook:
In response to Oversight Board ruling, Facebook suspends Trump's accounts until January 7, 2023, and says it will then reconsider suspension if conditions allow  —  Last month, the Oversight Board upheld Facebook's suspension of former US President Donald Trump's Facebook and Instagram accounts following …
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Salvador Rodriguez / CNBC:
Facebook announces that politicians' posts will no longer be exempt from the company's rules that prevent users from engaging in harmful speech  —  - Facebook on Friday announced that politicians' posts will no longer be exempt from the company's rules that prevent users from engaging in harmful speech.
Discussion: CNN, more at Techmeme »
Casey Newton / Platformer:
Trump shutting down his blog shows the significance of social media platforms' amplification mechanics and how they give free and huge reach to the worst actors
Peter Kafka / Vox:
Sources: Facebook plans to launch Bulletin, its Substack clone, at the end of June; it will live outside Facebook in part to evade Apple and Google's 30% fees  —  Facebook wants to launch its newsletter product later this month.  But it doesn't want controversial writers using it — just the ones it's recruiting.
Sam Schechner / Wall Street Journal:
EU and UK regulators coordinate to open antitrust investigations into Facebook's classified ad service Marketplace; UK is also probing Facebook Dating  —  Investigations into classified-ads service Marketplace ramp up regulatory scrutiny on the company in Europe
Catalin Cimpanu / The Record:
Live streams for Cox radio and TV stations were down on Thursday, sources say due to a ransomware attack  —  Live streams for radio and TV stations owned by the Cox Media Group, one of the largest media conglomerates in the US, have gone down earlier today in what multiple sources have described as a ransomware attack.
Josh Gerstein / Politico:
Gannett is fighting an FBI subpoena, which seeks IP addresses and mobile phone info to determine who read a specific USA Today story about a Florida shooting  —  Gannett, the publisher, contends that demand for details on who accessed article violates the First Amendment.
Ashley Cullins / Hollywood Reporter:
Spotify's Discovery Mode, which lets artists and labels take lower royalty rates in exchange for higher priority in algorithms, gets scrutiny from Congress  —  Reps. Jerry Nadler (D-NY) and Hank Johnson Jr. (D-GA) are concerned the feature could lead to lower pay for artists and fewer choices for consumers.
Neal Rothschild / Axios:
NewsWhip: Trump's now closed blog generated engagement roughly on par with the top posts from mid-market local newspapers  —  The shutdown acknowledged the flawed assumption that if you build it, they will come.
Discussion: @nrothschild3
Bloomberg:
Germany's antitrust regulator says it will probe Google News Showcase to check if Google's terms offer “unreasonable conditions” to publishers  —  - Cartel office has opened multiple probes in recent weeks  — Regulator is wielding new powers to take on U.S. tech giants
Andrew Rettman / EUobserver:
European Commission to put forward new measures later this year to protect journalists from strategic lawsuits against public participation  —  Investigative journalism in Europe needed “legal” protection from the growing problem of malicious law suits, the European Commission and MEPs have said.
 
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 Earlier Picks: 
David Mack / BuzzFeed News:
Former Treasury official is sentenced to 6 months in prison after admitting she leaked documents to BuzzFeed News; the docs formed the basis of the FinCEN Files
Ben Thompson / Stratechery:
Stratechery's Ben Thompson announces a service called Passport to let creators manage their subscriptions and communicate with subscribers
Salvador Rodriguez / CNBC:
Twitter launches its subscription service Twitter Blue on iOS in Canada and Australia for CAD$3.49 and A$4.49/month, with Undo Tweet, Bookmark Folders, more
New York Times:
In 2020, Trump's DOJ secretly seized phone records from 2017 of four NYT reporters: Matt Apuzzo, Adam Goldman, Eric Lichtblau, and Michael S. Schmidt