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May 6, 2022, 11:40 AM
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| Dan Primack / Axios: |
Filing: Elon Musk raises $7.14B for his Twitter bid from Saudi Prince Alwaleed, Larry Ellison, Sequoia, VyCapital, Binance, a16z, and others; Ellison gives $1B — Elon Musk on Thursday disclosed a group of co-investors in his Twitter takeover. The names are impressive, but most of their check sizes aren't.
Source:
SEC.gov. More:
Insider, BuzzFeed News, CoinDesk, New York Times, Finbold, Bloomberg, New York Times, Wall Street Journal, Financial Times, Protocol, The Block, Bloomberg, Silicon Canals, Grit Capital, VICE, SiliconANGLE, Protocol, Reuters, Bloomberg, TechCrunch, Forbes, DealStreetAsia, Bitcoin News, The Hollywood Reporter, UPI, Junghoon's Direct Media …, Social Media Today, Reuters, The Register, The Mac Observer, Axios, CNN, Ars Technica, BBC, PYMNTS.com, Bloomberg, CNBC, San Francisco Business Journal, Channel Futures, iMore, Crunchbase News, CNBC, iPhone in Canada Blog, Newser, Agence France-Presse, Bloomberg, Bloomberg, Cryptopolitan, Bloomberg, Silicon Republic, TIME, and Cointelegraph
Tweets: @bhorowitz, @alwaleed_talal, @bhorowitz, @rmac18, @petermccormack, @markdistef, @markdistef, @mikeisaac, @bhorowitz, @bigblackjacobin, @cz_binance, @timobrien, @kurtwagner8, @seldo, @maggienyt, @danprimack, @jack, @katie_roof, @ryangrim, @eringriffith, @alexstamos, @pt, @noupside, @digg, @mehdirhasan, @rschooley, @moorehn, @danprimack, @arashmassoudi, @mmasnick, @tomaxwell, @alexstamos, @mattbc, @bhorowitz, @taylorlorenz, @binance, @benwerd, @rmac18, @sarahfrier, @benedictevans, @mmasnick, @mcnees, @carnage4life, @tonyfratto, @anildash, @loganbartlett, @teresa_longwell, @mattturck, @maxkennerly, @gartenberg, @danprimack, @ryan_browne_, @alex, @kantrowitz, @teroterotero, @karlbode, @carnage4life, @silvermanjacob, @coloradotravis, @shaig, @vladsavov, @patrickw, @ericjackson, @thedomino, @jsphctrl, @macaesbruno, @pekingmike, @loudmouthjulia, @loudmouthjulia, @dearsarah, @muradahmed, @peter_tl, @sridinats, @danprimack, @firstadopter, @ivanthek, and @danprimack
| Echo Wang / Reuters: |
Legal experts say Musk's new funding for Twitter could draw scrutiny from CFIUS for potential national security risks, the kind that TikTok faced — Elon Musk's decision to accept some foreign investors as part of his $44 billion buyout of Twitter Inc (TWTR.N) runs the risk of inviting … | Bloomberg: |
Sources: China has ordered government agencies and state-backed companies to replace foreign PCs with domestic ones running local OSes in two years — China has ordered central government agencies and state-backed corporations to replace foreign-branded personal computers with domestic alternatives within …
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Tom's Hardware, Neowin, TechRadar, OnMSFT.com, and Benzinga
Tweets: @kennedycsis, @carlminzner, @defensebaron, @dravirmani, @jkylebass, and @akkiman
| Kanishka Singh / Reuters: |
SEC says Nvidia has agreed to pay $5.5M to settle charges of “inadequate disclosures” concerning the impact of cryptomining on its gaming business in FY 2018 — The U.S. Securities and Exchange Commission said Friday it had settled charges against technology company Nvidia Corporation …
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U.S. Securities …, Protocol, The Verge, Decrypt, CoinDesk, The Block, Crowdfund Insider, and Trustnodes
Tweets: @stephentotilo and @smdiehl
| Aislinn Keely / The Block: |
The CFTC orders BitMEX's three cofounders to pay $10M each for not registering with the agency, and failing to implement anti-money laundering and KYC checks — The Commodity Futures Trading Commission (CFTC) has hit the founders of crypto exchange BitMEX with a total of $30 million in civil monetary penalties.
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CFTC, Bloomberg, Reuters, CFTC, Cryptopolitan, Coinspeaker, CryptoPotato, CryptoSlate, Cointelegraph, Crowdfund Insider, and Decrypt
| Michael Bellusci / CoinDesk: |
Block Q1: revenue down 22% YoY to $3.96B, vs. $4.1B est., profit up 34% YoY to $1.29B, and Cash App bitcoin revenue down 51% YoY to $1.73B; stock is down 5%+ — Fintech and digital payments giant Block Inc. (SQ) reported first-quarter earnings that missed analyst expectations on Thursday … | James Clayton / BBC: |
The UK's DCMS plans to give the Digital Markets Unit powers to clamp down on Big Tech's “predatory practices”, following reports the UK shelved such plans — Large tech companies such as Google and Facebook will have to abide by new competition rules in the UK or risk facing huge fines, the government said.
More:
Press Gazette, Reuters, The Guardian, 9to5Mac, iPhone Hacks, iClarified, GOV.UK, and Global Competition Review
Tweets: @jamesclayton5 and @jamesclayton5
| MK Manoylov / The Block: |
Untamed Planet, which uses Roblox to create nature-themed games incorporating NFTs, raises a $24.3M Series A led by Animoca Brands — Untamed Planet, a blockchain-based gaming startup, raised $24.3 million in a Series A funding round led by Animoca Brands.| Bloomberg: |
Sources say the UK is delaying Revolut's banking license over concerns about its crypto trading service and whether it can tackle money laundering and fraud — Nikolay Storonsky, once a championship swimmer in his native Russia, doesn't like to hang around in the slow lane.
More:
The Block, PYMNTS.com, and Ethereum World News
Tweets: @ownsomeshares, @aishagani, and @stespezzati
| Jordan Novet / CNBC: |
Google's cloud unit forms a new group, led by former Citigroup executive James Tromans, to provide developers with tools to build Web3 apps — - Former Citigroup executive James Tromans will lead the new Google group that will build services to help developers construct Web3 applications.
Tweets: @jordannovet
| Aditya Kalra / Reuters: |
Sources: an Indian court puts a hold on the Enforcement Directorate's decision last week to seize $725M of Xiaomi's local assets — An Indian court has put on hold a federal enforcement agency's decision to seize $725 million from local bank accounts of China's Xiaomi Corp (1810.HK) …
Tweets: @adityakalra
| Alexandra Garfinkle / Yahoo Finance: |
An interview with a part-time employee who earns $10/hour at RaterLabs, a Google subcontractor evaluating search and ad-placement results for accuracy — Google Search may feel like magic, but the engine's efficacy relies on hourly employees who work for a subcontractor.Sponsor Posts
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