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May 7, 2022, 1:50 AM
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| New York Times: |
Elon Musk's investor pitch deck: grow Twitter revenue 5x to $26.4B, cut ad revenue reliance to <50% by 2028, grow Twitter Blue's users to 69M by 2025, and more — Here's what Mr. Musk is projecting for Twitter's finances over the next few years, according to a pitch deck he presented to investors.
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Fortune, The Guardian, and CNBC
Tweets: @elonmusk, @mikeisaac, @modestproposal1, @joshsternberg, @laurenshirsch, @tomcoates, @davekarpf, @sarahfrier, @elonmusk, @mekkaokereke, @realmeetkevin, @mgsiegler, @cbouzy, @tomcoates, @stshank, @ggreeneva, @reckless, @dscigliuzzo, @bungdan, @nickwingfield, @goldman, @jrichlive, @slpng_giants, and @owenthomas
| Joe Warminsky / The Record: |
The US sanctions cryptocurrency mixing service Blender.io for allegedly laundering $20.5M from the Axie Infinity hack, the first time the US sanctioned a mixer — The U.S. Treasury Department on Friday sanctioned a cryptocurrency mixing service for the first time, citing evidence that it was used …
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U.S. Department …, BleepingComputer, CoinDesk, Elliptic Blog, The Hacker News, The Hill, Engadget, Cointelegraph, PCMag, Decrypt, The Verge, NBC News, United States Department …, Blockworks, Washington Post, Crypto Briefing, and The Block
Tweets: @ustreasury, @crabbylions, @ericgeller, @jwarminsky, @josephfcox, @campuscodi, @gregotto, @w7voa, and @ncweaver
| Wall Street Journal: |
Some ex-TikTok US staff talk of long hours, tight deadlines, lack of work-life boundaries, sleep deprivation, weekend work, and secrecy uncommon in the industry — Former U.S. staffers tell of sleep deprivation, work on weekends and mandatory meetings with colleagues on the other side of the globe
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dot.LA. Tweets: @wsj, @tomgara, @georgia_wells, @karissabe, @kirstengrind, @elipariser, @ericbellmanwsj, @saraheneedleman, @djtgallagher, @sal19, @sal19, and @pkafka
| Kanishka Singh / Reuters: |
The SEC says Nvidia will pay $5.5M to settle charges it failed to disclose that cryptomining was a “significant element” of its FY 2018 gaming revenue growth — 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 …, The Verge, BleepingComputer, XDA Developers, Ars Technica, Kotaku, HotHardware.com News, TheGamer, CNBC, VICE, IGN, PYMNTS.com, PCWorld, GameSpot, The Register, Tom's Hardware, Crowdfund Insider, Neowin, Decrypt, TheStreet, and Trustnodes
Tweets: @stephentotilo, @smdiehl, @firstadopter, and @tomwarren
| Jordan Novet / CNBC: |
Google forms a new blockchain group, led by former Citigroup executive James Tromans, to make the Google Cloud Platform the first choice for Web3 developers — - Former Citigroup executive James Tromans will lead the new Google group that will build services to help developers construct Web3 applications.
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The Block, Cointelegraph, Crypto Briefing, Engadget, Decrypt, Benzinga, Waivly, and IT Management
Tweets: @jordannovet, @grady_booch, and @levynews
| Zachary Boddy / Windows Central: |
A major Xbox Network outage is preventing some users from launching games and starting Cloud Gaming sessions; issues related to purchases have been resolved — Xbox consoles are temporarily a lot less useful for gaming. … The Xbox Network is the infrastructure that powers …
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BleepingComputer, Xbox Support, Neowin, GameRevolution, and KnowTechie
Tweets: @xboxsupport, @tracker_td, @xboxsupport, and @xboxsupport
| Cointelegraph: |
A report on publicly traded crypto mining companies finds Core Scientific leads with $545M in 2021 revenue, Riot Blockchain had $215M, and Hive Blockchain $195M — Mining firm Core Scientific's hash rate leads all public companies with 8.3 EH/s, and it mined 5,769 BTC in 2021. — 225 Total views| Dan Mangan / CNBC: |
A California federal judge dismisses Donald Trump's lawsuit seeking to lift his ban from Twitter but may allow an amended complaint to be filed against Twitter — - A federal judge dismissed a lawsuit by former President Donald Trump seeking to lift his ban from Twitter.
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The Verge, TechCrunch, Reuters, TheStreet, Washington Post, Politico, Slashdot, CNN, Variety, and Tech Policy Press. Tweets: @bradheath
| Echo Wang / Reuters: |
Legal experts say Elon Musk's foreign funding for Twitter could draw scrutiny from CFIUS for potential national security risks, similar to the kind TikTok faced — Elon Musk's decision to accept some foreign investors as part of his $44 billion buyout of Twitter Inc (TWTR.N) …
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New York Times, Ars Technica, BuzzFeed News, Bloomberg, Axios, Engadget, Financial Times, and Coinspeaker
Tweets: @rmac18, @cz_binance, @digg, @carlquintanilla, @bigblackjacobin, @katie_roof, and @moorehn
| Vauhini Vara / Wired: |
How low prices and influencers helped Chinese online fast fashion retailer Shein become the world's third biggest private company, claiming a 28% US marketshare — The Chinese company has become a fast-fashion juggernaut by appealing to budget-conscious Gen Zers. But its ultralow prices are hiding unacceptable costs.| Jennifer Elias / CNBC: |
Internal docs: Google is revamping performance reviews, resulting in higher pay, as it tries to ease tensions between staff and leadership about compensation — - Google introduced changes in efforts to streamline its performance reviews and promotions. — Executives said the changes … | Vishal Singh / Silicon Canals: |
Paris-based Rise Up, which provides employee learning software that currently serves 400+ customers and 1M learners in 60 countries, raises a €30M Series B — Paris-based Rise Up, a company that provides an employee learning software solution, announced on Tuesday that it has raised €30M in its Series B round of funding.
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Rise Up, EdTechReview, EU-Startups, and Tech.eu
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