It’s a day of retrenchment. Nvidia and Arm are off. Peter Thiel is leaving the Meta board. Peloton loses its CEO ahead of what is likely to be disastrous earnings. The IRS backs down from the whole facial recognition thing. And Tinder stops charging you more if you’re old. Sponsors: Do.co/trh Links: SoftBank’s $66bn sale of chip group Arm to Nvidia collapses (THE (?) Financial Times) Peter Thiel to Exit Meta’s Board to Support Trump-Aligned Candidates (NYTimes) Peloton CEO John Foley to Step Down, Firm to Cut 2,800 Jobs (WSJ) I.R.S. to End Use of Facial Recognition for Identity Verification (NYTimes) Apple Buys Startup That Makes Music With Artificial Intelligence (Bloomberg) Apple announces new Tap to Pay feature that turns iPhones into contactless payment terminals (9to5Mac) Signal now allows you to keep messages and groups after changing phone numbers (ZDNet) Tinder will stop charging older users more for premium features (Engadget) Learn more about your ad choices. Visit megaphone.fm/adchoices

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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