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May 5, 2022, 10:30 AM
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| Financial Times: |
Filing: Elon Musk secures $7.14B for his Twitter bid from Larry Ellison, Binance, Sequoia, a16z, Saudi Prince Alwaleed, Fidelity, and others; Ellison gives $1B — Tesla chief raises $7bn from new investors for takeover of social media platform — Elon Musk has revealed that he has raised $7.14bn …
Source:
SEC.gov. More:
CoinDesk, The Block, TechCrunch, Protocol, Wall Street Journal, Axios, The Hollywood Reporter, Bloomberg, CNBC, Insider, Reuters, Cointelegraph, Livemint, Bloomberg, New York Post, CoinQuora, MarketWatch, Tech in Asia, and The Verge
Tweets: @bhorowitz, @alwaleed_talal, @markdistef, @markdistef, @cz_binance, @ryan_browne_, @kantrowitz, @teroterotero, @karlbode, @carnage4life, @bhorowitz, @bhorowitz, @bhorowitz, @silvermanjacob, @coloradotravis, @shaig, @vladsavov, @patrickw, @ericjackson, @thedomino, @jsphctrl, @macaesbruno, @tonyfratto, @pekingmike, @nkulw, @loudmouthjulia, @loudmouthjulia, @dearsarah, @muradahmed, @peter_tl, @danprimack, @firstadopter, @danprimack, @binance, @sridinats, @danprimack, and @ivanthek
| Annie Palmer / CNBC: |
Sources: Elon Musk is expected to serve as the temporary CEO of Twitter after acquiring the company — - Elon Musk is expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media company, according to CNBC's David Faber.
More:
The Verge, Decrypt, Bloomberg, New York Post, BGR India, and Cryptonews
Tweets: @teroterotero, @sivavaid, @sam_l_shead, @mattrosoff, @alexhern, and @jyarow
| Edwin Chan / Bloomberg: |
Filing: Elon Musk's new $7.14B in equity financing for Twitter, which includes investment from Qatar, reduces the margin loan from $12.5B to $6.25B — Elon Musk has secured about $7.1 billion of new financing commitments for his proposed $44 billion takeover of Twitter Inc., the company said in a filing Thursday.
More:
Reuters, Protocol, Variety, New York Post, Fortune, CNBC, and Axios
Tweets: @petermccormack, @parkermolloy, @sociogeeks_, @jonrussell, @samcarvalho, @danprimack, @compound248, and @garyblack00
| Ian Sherr / CNET: |
Apple, Google, and Microsoft announce plans to adopt features from the FIDO Alliance, which is working on passwordless tech for websites and apps — Ian Sherr — Ian Sherr (he/him/his) grew up in the San Francisco Bay Area, so he's always had a connection to the tech world.
More:
Apple, The Keyword, FIDO Alliance, The Verge, TechCrunch, BetaNews, Livemint, VentureBeat, Engadget, Android Police, 9to5Google, MacRumors, ZDNet, AppleInsider, 9to5Mac, Android Central, Fast Company, TechCircle, MacStories, iDownloadBlog.com, Apple Must, TechPP, Philip Elmer‑DeWitt, Digital Trends, iMore, and Tom's Guide
Tweets: @cisajen, @k8em0, @blowdart, and @robleathern
| Richard Lawler / The Verge: |
Google acquires Raxium, which makes MicroLED displays well-suited for AR and VR; Raxium says its tech is 5x more energy efficient than the previous world record — Raxium claims its display tech is five times more efficient than the current world record holder
More:
The Keyword, UploadVR, Road to VR, Silicon Republic, Computerworld, The Economic Times, Engadget, The Information, Android Central, PhoneArena, TechCircle, 9to5Google, SiliconANGLE, timetotimes.com, Webficar, and All
Tweets: @gkraenergy, @scobleizer, and @mugofpaul
| Casey Newton / Platformer: |
At Wednesday's Senate hearing, CrowdTangle's Brandon Silverman and other researchers explained why the US needs laws requiring Big Tech companies to share data — Everyone wants answers about social networks. These experts know where to look — On Wednesday, Congress was treated …
More:
Committee on the Judiciary and Committee on the Judiciary
Tweets: @j_a_tucker, @lauraedelson2, @noupside, @aricohn, @chriscoons, @kellykborn, @kantrowitz, @caseynewton, @klonick, @jason_kint, @jason_kint, and @jason_kint
| Jordan Novet / CNBC: |
Meta plans to slow hiring amid record low revenue growth; source: Meta paused entry-level hiring and plans to stop or slow hiring for mid-level and senior roles — - Facebook's parent company sees challenges ahead because of Apple's privacy changes, the war in Ukraine and broad macroeconomic shifts.
More:
Wall Street Journal, MacRumors, AppleInsider, Insider, Insider, Protocol, 9to5Mac, iMore, Engadget, Fossbytes, Livy's Newsletter, and The Daily Beast
| Nicole Sganga / CBS News: |
Cybereason: China-linked Winnti APT exfiltrated hundreds of GBs of IP in a cyber campaign targeting ~30 companies in North America, Europe, and Asia since 2019 — A yearslong malicious cyber operation spearheaded by the notorious Chinese state actor, APT 41, has siphoned off an estimated trillions …
Source:
Cybereason and Cybereason. More:
The Record, CNN, Security Affairs, The Register, Bob's Newsletter, PRWeb, and Security Magazine
Tweets: @johnhemmings2, @cybereason, @cbsnews, @nicolesganga, @780thc, and @campuscodi
| Kris Holt / Engadget: |
AMD launches several C-series Ryzen 5000 CPUs for Chromebooks, starting with the Acer Chromebook Spin 514, HP Elite c645 G2 Chromebook, and others — AMD has at last made chips with its Zen 3 architecture for higher-end Chromebooks. It created several C-series Ryzen 5000 processors that are designed for Chrome OS.
More:
The Verge, The Verge, Gizmodo, PCWorld, HotHardware.com News, PCMag, 9to5Google, XDA Developers, Gizmodo, and Liliputing
| Luke Taylor / Rest of World: |
Survey of 1,800 households in El Salvador shows 61% have abandoned the Chivo bitcoin wallet after withdrawing a free $30 sign-up bonus — Those who stayed are not on the Chivo app for what was intended, using it to keep their dollars safe rather than for crypto. — • BOGOTÁ, COLOMBIA
Tweets: @antoniocasilli, @cengizyar, @mikebutcher, and @steve_hanke
| Joe Warminsky / The Record: |
The White House instructs federal agencies to increase preparations in the next six months for quantum computers capable of breaking public-key cryptography — A memorandum issued Wednesday by President Joe Biden orders federal agencies to ramp up preparations for a day when quantum computers …
Source:
The White House. More:
ZDNet, The Register, National Security …, and SC Media
Tweets: @jgamblin, @philliplarson, @alondranelson46, @alexhern, @matthew_d_green, and @alexhern
| Chris Welch / The Verge: |
Sources: Sonos plans to launch a voice assistant for playing music in the US on June 1 that supports Apple Music, Amazon Music, Pandora, Deezer, and Sonos Radio — Sonos will roll out its most important service yet on June 1st — Sonos is preparing to introduce its own voice assistant service within …
More:
XDA Developers, Techhive.com, Tom's Guide, Newslit Daily, KnowTechie, NextPit, iMore, Voicebot.ai, Pocketnow, The Overspill, Pocket-lint, t3.com, and Phandroid
Tweets: @maxwinebach, @pierce, and @richontech
| Bloomberg: |
Sources: in a meeting, Twitter's VP of product appealed to a sense of community to persuade skeptical staff to stay under Musk; one slide asked: “Why Bother?” — At a Twitter Inc. staff meeting Wednesday morning, the first slide of a presentation asked a question on the minds of many employees: “Why Bother?”| Sarah Perez / TechCrunch: |
| Janko Roettgers / Protocol: |
Cameo lays off 87 staff; source says CTO Rob Post, marketing exec Emily Boschwitz, CPO Nundu Janakiram, and Chief People Officer Melanie Steinbach have gone — Cameo, the celebrity video greetings startup, laid off 87 of staffers Wednesday, a move that CEO Steven Galanis described as “right-sizing.”
More:
The Verge, Chicago Business Journal, TechSpot, TechCrunch, Variety, The Economic Times, The Information, and Engadget
Tweets: @mr312, @lucasmtny, @jank0, @shreya_sud, @caseynewton, @thebenbergman, @iamtherog, @tcarmody, @lizperle, @rmac18, @protocol, @carnage4life, @conorsen, and @lucasmtny
| Sergiu Gatlan / BleepingComputer: |
IC3 says there were 241K+ reports of business email compromise scams globally from June 2016 to July 2019, totaling $43B+ in actual and attempted losses — The Federal Bureau of Investigation (FBI) said today that the amount of money lost to business email compromise (BEC) … | Stefanie Marotta / Bloomberg: |
Shopify reports Q1 revenue rose 22% YoY to $1.2B, below expectations, as GMV grew 16% YoY to $43.2B; Shopify will acquire Deliverr for $2.1B; stock drops 10%+ — Shopify Inc. shares plunged to the lowest since April 2020 after it missed analysts' profit estimates and announced the largest acquisition …
More:
TechCrunch, Shopify, CNBC, Reuters, and Shopify
| Natasha Lomas / TechCrunch: |
Iceland-based Sidekick Health, which offers a gamified, digital-first care service, raises a $55M Series B led by Novator Ventures — Digital therapeutics plus pills? Iceland's Sidekick Health has developed a gamified digital care platform that's designed to support healthcare outcomes …
More:
Tech.eu, ArcticStartup, Fierce Biotech, MobiHealthNews, and Asabys
| Adi Robertson / The Verge: |
Twitter's open source Bluesky unit releases early code for a decentralized social network protocol, dubbed Authenticated Data Experiment, for developers to test — It's called the Authenticated Data Experiment — Bluesky, Twitter's open-source offshoot, has released early code for a decentralized social network protocol.
More:
Bluesky, Fossbytes, Telecoms.com, GitHub, and Slashdot
Tweets: @bluesky, @bluesky, @bluesky, @emresokullu, @jeanburgess, and @jeanburgess
| Anna Gross / Financial Times: |
Ukrainian officials say Russia has taken over internet infrastructure in the Donbas region, rerouting traffic to Russia-controlled operators — Rerouting traffic to Russia-controlled regions makes Ukrainians' data vulnerable to interception and censorship by the Kremlin
More:
Silicon Republic
| Katie Hafner / New York Times: |
David Walden, who helped build the Interface Message Processor that switched data among computers using the Arpanet, the precursor to the internet, died at 79 — In 1969, he was part of a team of young engineers who built the first machine to switch data among computers using the Arpanet, the precursor to the internet.
Tweets: @philiped and @nytimestech
| Stephen Totilo / Axios: |
NYC employees' pension funds sue Activision Blizzard, alleging CEO Bobby Kotick rushed the Microsoft deal to escape liability for misconduct at his company — Activision CEO Bobby Kotick rushed to secure a takeover bid from Microsoft in order to escape liability for misconduct at the company …
More:
PCMag, Rock, Paper, Shotgun, ExchangeWire.com, PC Games Insider, Pocket Gamer.biz, SiliconANGLE, Insider, New York Times, TheGamer, CNN, Wccftech, and Polygon
Tweets: @stephentotilo, @gibiz, @nickstatt, @drwallkick, and @hoeglaw
| Aisha Malik / TechCrunch: |
Google will shut down YouTube Go, the lightweight Android app first launched in 2016, beginning in August 2022, citing improvements to the main YouTube app — YouTube Go is shutting down beginning this August, Google has announced this week. The lightweight Android app first launched …
More:
Digital Trends
| Greg Iacurci / CNBC: |
Intuit agrees to pay $141M in restitution to nearly 4.4M US customers charged for using the TurboTax Free Edition, in a settlement with all 50 states and DC — - Intuit, which owns TurboTax, has agreed to pay $141 million in restitution to 4.4 million low-income customers who were charged …
More:
NY State Attorney General, Associated Press, Intuit, ProPublica, Engadget, KnowTechie, Ars Technica, New York Times, and CNN
Sponsor Posts
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Zoho:
Accessibility in Zoho People: Our commitment to an inclusive HR experience — According to a recent statistic, nearly 1.3 billion people live with a disability. In 2024, the employment rate for working-age people …
Accessibility in Zoho People: Our commitment to an inclusive HR experience — According to a recent statistic, nearly 1.3 billion people live with a disability. In 2024, the employment rate for working-age people …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
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