Techmeme
May 6, 2022, 1:25 AM

Top News

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.
Annie Palmer / CNBC:
Sources: Elon Musk is expected to serve as the temporary CEO of Twitter for a few months after he completes his $44B takeover of 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.
New York Times:
Edwin Chan / Bloomberg:
Wall Street Journal:
Whistleblowers: Meta deliberately took down Pages for hospitals and other Australian institutions in 2021 as a negotiating tactic over the news bargaining law  —  When Facebook blocked news pages last year to pre-empt Australian legislation that would force it to pay for content …
Ian Sherr / CNET:
Ian Sherr / CNET:
Apple, Google, and Microsoft plan to offer the FIDO Alliance's passwordless tech on websites and apps, using fingerprint readers, face scanners, and smartphones  —  What's happening  —  Why it matters  —  What it means for you  —  If Apple, Google and Microsoft have their way …
Michael Bellusci / CoinDesk:
Block reports 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 up 5%+  —  Fintech and digital payments giant Block Inc. (SQ) reported first-quarter earnings that missed analyst expectations on Thursday …
Jordan Novet / CNBC:
Amazon stock closes down ~8%, Meta ~7%, Apple ~6%, Alphabet ~5%, and Microsoft ~4% as a Big Tech selloff pushes the Nasdaq to its steepest drop since June 2020  —  - Cloud and e-commerce stocks were among the biggest losers on Thursday on disappointing earnings reports and after the U.S. central bank raised interest rates.
Natasha Mascarenhas / TechCrunch:
Sources: On Deck, which connects founders with capital and advice, laid off 25% of its staff, or ~72 people, after raising ~$40M of a planned $100M-$150M fund  —  On Deck, a tech company that connects founders to each other, capital and advice, has laid off 25% off its staff, per sources familiar with the company.
Reuters:
Pachama, which uses AI and remote sensing to verify forest carbon credits, raises a $55M Series B led by Future Positive  —  Nature-based carbon credit platform Pachama said on Thursday it had raised $55 million in a funding round led by venture capital firm Future Positive and backed …

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Niantic Spatial:
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Zoho:
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IDrive:
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Featured Podcasts

The Nick, Dick and Paul Show:
The Me, Me, Me Generation w/ Joel Stein
Nick Bilton, Dick Costolo, and Paul Kedrosky pull back the curtain on AI, startups, and the future rushing toward us, all with healthy dose of irreverence.
Subscribe to The Nick, Dick and Paul Show.
Invest Like the Best:
Dylan Patel - The Infinite Demand for Tokens, Claude Mythos, and Supply Constraints
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Big Technology Podcast:
Are We Too Obsessed With AI Predictions? — With Carissa Véliz
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
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Great Chat:
The hills we'll die on
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
Channels with Peter Kafka:
Jason Blum Built a Hit-Making Movie Machine. Does It Still Work?
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
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Tools and Weapons with Brad Smith:
Ryan Roslansky: Turning AI Anxiety into Skills for the Future of Work
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
 

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More News

Tanaya Macheel / CNBC:

Earlier Picks

Joshua Bote / SFGATE:
Luke Taylor / Rest of World:
Stefanie Marotta / Bloomberg:
Joe Warminsky / The Record:
Casey Newton / Platformer:
Adi Robertson / The Verge: