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May 7, 2022, 9:40 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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Insider, Fortune, and The Guardian
Tweets: @elonmusk, @mikeisaac, @modestproposal1, @elonmusk, @joshsternberg, @laurenshirsch, @tomcoates, @ashtonpittman, @davekarpf, @sarahfrier, @mekkaokereke, @realmeetkevin, @mgsiegler, @cbouzy, @tomcoates, @stshank, @ggreeneva, @reckless, @dscigliuzzo, @bungdan, @nickwingfield, @goldman, @jrichlive, @slpng_giants, and @owenthomas
| Financial Times: |
Sources: Allen Wu, who was replaced as CEO of Arm China by Liu Renchen, has refused to surrender control amid Shanghai's lockdown, where Arm China's HQ is based — Allen Wu refuses to surrender control in extraordinary corporate battle at UK chip designer — High in a Shenzhen office tower …
More:
Reuters, The Register, South China Morning Post, Arm, and DCD
Tweets: @hpc_guru, @muradahmed, @therealjoshye, and @niubi
| 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 …, Wired, Inside Bitcoins, Slashdot, BleepingComputer, Ethereum World News, CoinDesk, Cryptopolitan, Elliptic Blog, The Verge, PCMag, The Hill, Engadget, Cointelegraph, Decrypt, Blockworks, United States Department …, Washington Post, Crypto Briefing, and The Block
Tweets: @ustreasury, @crabbylions, @jwarminsky, @josephfcox, @ncweaver, @ericgeller, @gregotto, @w7voa, and @campuscodi
| 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. — Update, May 6, 2022, at 10:25 p.m. CT: Over seven hours …
More:
BleepingComputer, Xbox Support, Neowin, and GameRevolution
Tweets: @xboxsupport, @xbox, @xboxsupport, @xboxsupport, and @tracker_td
| 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, @jchengwsj, @tomgara, @armchairdude, @meghanbobrowsky, @elipariser, @saraheneedleman, @sal19, @pkafka, @georgia_wells, @kirstengrind, @ericbellmanwsj, @djtgallagher, @karissabe, and @sal19
| 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, Engadget, The Block, Reuters, TechCrunch, TheStreet, Washington Post, Politico, Slashdot, CNN, Variety, and Tech Policy Press. Tweets: @bradheath
| 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| Anthony Faiola / Washington Post: |
A look at the rise of VPNs in Russia following its war in Ukraine; Apptopia: daily downloads of the top ten VPNs jumped from 15K before the war to 475K in March — A surge in virtual private network downloads is a challenge to Vladimir Putin and his version of the war| 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.
More:
Inside Bitcoins, The Block, The Rabbit Hole⁸, Cointelegraph, Crypto Briefing, Decrypt, Engadget, Benzinga, Waivly, and IT Management
Tweets: @grady_booch, @jordannovet, and @levynews
| 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.| James Vincent / The Verge: |
Inside Engineered Arts, a UK-based company making humanoid robots for entertainment and education that can emote and respond to passersby with preset banter — Will Jackson, CEO of robotics company Engineered Arts, says he isn't sure what's worse: the angry emails that accuse him of building machines …
Tweets: @jjvincent, @jjvincent, @tyang209, @jjvincent, and @j2bryson
| 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.
More:
Rise Up, EdTechReview, EU-Startups, and Tech.eu
Sponsor Posts
Command Line:
Azure Content Understanding: Building on lessons from a decade of Document Intelligence — What a decade of teaching machines to read real-world documents taught us about what LLMs can and can't do.
Azure Content Understanding: Building on lessons from a decade of Document Intelligence — What a decade of teaching machines to read real-world documents taught us about what LLMs can and can't do.
Will Reed:
The best sales leaders aren't job hunting. Here's how to reach them without months of cold outreach. — Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
The best sales leaders aren't job hunting. Here's how to reach them without months of cold outreach. — Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
Zoho:
UK tax compliance with Zoho Books — The evolving tax landscape in the UK has added an additional responsibility to business owners, accountants, and bookkeepers to ensure their choice of accounting software supports compliance …
UK tax compliance with Zoho Books — The evolving tax landscape in the UK has added an additional responsibility to business owners, accountants, and bookkeepers to ensure their choice of accounting software supports compliance …
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.
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.Featured Podcasts
The Upstarts Podcast:
The $7B Startup Mapping Your Health In Just One Hour | Neko's Hjalmar Nilsonne
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
Subscribe to The Upstarts Podcast.
Cheeky Pint:
The company building underwater drones for $50,000
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
Subscribe to Cheeky Pint.
BG2 Pod:
Jensen Huang | Does AI Revenue Justify Capex, '27 AI Bottlenecks, Singularity, Open vs Closed & more
Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner.
Subscribe to BG2 Pod.
Big Technology Podcast:
AI Leaders Can't Get Along. So How Will They Keep Us Safe? — With Kevin Roose
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Channels with Peter Kafka:
How to Run a Political Campaign in the TikTok Era (And How Not To)
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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Sources:
Robinhood's CEO on letting AI trade your money
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
Subscribe to Sources.
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