Techmeme
May 3, 2022, 7:40 AM

Top News

Reuters:
Sources: Elon Musk asked investment firms and wealthy individuals for more Twitter financing and investors like Jack Dorsey to roll their stakes into the deal  —  Elon Musk is in talks with large investment firms and high net-worth individuals about taking on more financing for his $44 billion acquisition …
Sarah Frier / Bloomberg:
In a filing, Twitter says Elon Musk's bid could make it difficult to attract and retain key employees, decrease productivity, and halt changes to its business  —  Twitter Inc.'s $44 billion deal to be acquired by Elon Musk means it risks losing advertisers and employees, who may be concerned about the company's uncertain future.
Matt Levine / Bloomberg:
Ashley Carman / Bloomberg:
Facebook plans to stop letting users add podcasts to the service this week, start removing them on June 3, and discontinue Soundbites and its central audio hub  —  Facebook is pulling out of podcasts and plans to remove them altogether from the social-media service starting June 3.
Wall Street Journal:
The SEC plans to add 20 investigators and litigators to its Crypto Assets and Cyber Unit, created in 2017 to monitor crypto fraud, taking it to 50 personnel  —  Agency to add 20 staffers to help tighten scrutiny of unregulated $1.7 trillion cryptocurrency market
Bloomberg:
Sources: PayPal and others made informal complaints about Apple's NFC restrictions to the European Commission, spurring the EU's formal antitrust complaint  —  PayPal Holdings Inc. helped spur a formal antitrust complaint against Apple Inc. and its iPhone payments system by raising concerns …
Jules Wang / Android Police:
Telegram's latest iOS beta includes exclusive reaction emoji and stickers for Telegram Premium subscribers, a sign of the company's plans to monetize messaging  —  It looks like the app is getting ready to make money off of you  —  For as robust of a messaging app as it is, Telegram does need to make money.
The Information:
Roadmap: Meta plans four VR headsets by 2024; source says high-end MR headset Cambria, once set for 2021, could debut in September before its successor in 2024  —  Meta Platforms is planning to release four virtual reality headsets between now and 2024, according to an internal road map viewed by The Information.
Blake Brittain / Reuters:
In a lawsuit, Apple alleges SoC startup Rivos stole trade secrets after poaching 40+ engineers and that at least two took gigabytes of confidential information  —  (Reuters) - Technology startup Rivos Inc allegedly stole Apple Inc's computer-chip trade secrets after poaching its engineers …
Financial Times:
Sources: the UK has shelved plans to empower the CMA's digital markets unit, announced in 2020, hampering its ability to set rules and impose fines  —  Government not expected to include legislation to beef up CMA's digital markets unit in Queen's Speech  —  The UK is poised to shelve plans …
Andrew Liszewski / Gizmodo:
Amazon plans to support the popular EPUB ebook format via the Send to Kindle feature in late 2022, and drop support for the MOBI and AZW formats  —  The Send to Kindle system will automatically convert EPUB files to the Kindle's proprietary ebook format.  —  Alerts

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