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May 10, 2022, 5:05 PM
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| Brian Heater / TechCrunch: |
Apple discontinues the iPod touch, leaving the device on sale “while supplies last” and ending the product line after debuting the original iPod in October 2001 — Last October marked 20 years of the iPod. It's a remarkable run in the cutthroat, always-iterating world of consumer electronics.
More:
Apple, The Verge, 9to5Mac, Protocol, TNW, 9to5Mac, BetaNews, Input, Android Authority, Billboard, CNN, XDA Developers, Thurrott, Gizmodo, MacRumors, ZDNet, AppleInsider, CNET, Appleosophy, iMore, iMore, and iPhone in Canada Blog
| Stacy-Marie Ishmael / Bloomberg: |
A look at Do Kwon's algorithmic stablecoin UST, designed to trade at $1 but which fell as low as $0.60; CoinMarketCap says there is 17.8B UST in circulation — Algorithmic stablecoins, like their more “traditional” counterparts, are supposed to provide calm in the chaos of crypto.
More:
The Block, Blockworks, Protocol, Gizmodo, Cointelegraph, CryptoSlate, Ethereum World News, Recovering's Newsletter, Market Meditations, beToken my Friend EN, Newslit Daily, Crypto Daily, and CNBC
| Sam Reynolds / CoinDesk: |
Binance resumes withdrawals of LUNA and UST tokens after suspending them for about six hours due to a high volume of pending withdrawals and “network slowness” — Binance has resumed withdrawals of LUNA and UST tokens after the two tokens crashed on Tuesday on the back of a broader fall in the crypto markets.
More:
@mhonkasalo, ZyCrypto, The Block, Cointelegraph, Financial Times, Waivly, and Decrypt
Tweets: @stablekwon, @binance, @hasufl, @hasufl, @thecryptolark, @bitfinexed, @cyber_hokie, @mhonkasalo, @thecryptolark, @mayazi, @karlbode, @edzitron, @markgutman9, and @silvermanjacob
| Frank Chaparro / The Block: |
Sources: Luna Foundation Guard aims to raise $1B+ to shore up its UST stablecoin, now trading at ~$0.92; one deal in negotiations offers LUNA tokens for 50% off — Quick Take — The Luna Foundation Guard has been reaching out to large crypto investors in the hope of raising over $1 billion …
More:
Bloomberg
| Michael D McDonald / Bloomberg: |
More:
Fortune, Financial Times, Newser, Crypto Crumbs Newsletter, Crypto Briefing, and Cointelegraph
Tweets: @nayibbukele, @nayibbukele, @justinsuntron, @nayibbukele, @pt, and @markets
| New York Times: |
Sources: Netflix executives told employees that the company plans to launch its lower-priced ad-supported tier and crack down on password sharing in Q4 2022 — Executives said they were aiming to introduce an ad-supported, lower-priced subscription tier in the last three months of the year, quicker than originally indicated.
More:
Techhive.com, International Business Times, Benzinga, Input, MacRumors, CNN, Gizmodo, 9to5Mac, The Drum, Ars Technica, Android Police, Android Authority, IGN, MobileSyrup, dot.LA, BGR, TechSpot, CNBC, New York Post, Engadget, Tom's Guide, TechCrunch, iPhone in Canada Blog, Gizchina, Variety, TechRadar, iMore, t3.com, IndieWire, The Verge, Android Headlines, The Streamable, and Mashable
Tweets: @discussingfilm, @jasonealt, @pkafka, @mattbelloni, @loudmouthjulia, @pkafka, @pkafka, @nytmedia, @dashofdan, @michaelguimarin, and @storyslug
| Dave Lee / @daveleeft: |
[Thread] In an interview, Musk says Twitter has a “left bias”, he would “literally put” its “algorithm on GitHub”, and he thinks he would reverse Trump's ban — Twitter currently the “least bad” public square, @elonmusk says at #FTCar. “In order to be better at that it needs to get rid of the bots, the scams.” Live here: https://www.youtube.com/...
Source:
YouTube. More:
Wall Street Journal, New York Times, BBC, PCMag, USA Today, and Bloomberg
Tweets: @jack, @jack, @jack, @mmasnick, @meyerweb, @willoremus, @alexhern, @noupside, @rmac18, @dfriedman33, @yashar, @daveleeft, @pkafka, @tsgiles, @seike_kerbera, @digiphile, @davidlaz, @b_fung, @evan_greer, @viacristiano, @thesheetztweetz, @financialtimes, @karlbode, @daveleeft, @patrickmcgee_, @patrickmcgee_, @daveleeft, @daveleeft, @daveleeft, @daveleeft, @daveleeft, @daveleeft, and @daveleeft
| James Pearson / Reuters: |
The UK and the EU say Russia launched a cyberattack on satellite internet network Viasat in February, taking down tens of thousands of modems at the war's onset — Russia was behind a massive cyberattack against a satellite internet network which took thousands of modems offline at the onset …
Source:
European Council and GOV.UK. More:
CyberScoop, United States Department …, The Hill, Metacurity, CNN, BBC, Nextgov, VICE, Gizchina, PCMag, The Record, Politico, TechCrunch, Forbes, ComputerWeekly.com, Engadget, NBC News, and SecurityWeek
Tweets: @trussliz, @eucouncilpress, @ale_paulus, @mfa_austria, @mikko, @hatr, @netblocks, @pwnallthethings, @azeem, @iiyonite, @ridt, @780thc, @annlinde, and @ale_paulus
| Laurence Fletcher / Financial Times: |
Analysis: Tiger Global has lost about $17B during 2022's tech stock sell-off, erasing in four months around two-thirds of its gains made since its 2001 launch — Hedge fund suffers ‘breathtaking’ drop as speculative stocks sink from pandemic peaks — Tiger Global has been hit by losses …
More:
PYMNTS.com and Reuters
Tweets: @birdyword, @journofletcher, @alderlaneeggs, @dkthomp, @hkanji, @litcapital, @martinsfp, @refsrc, @breakoutpoint, @ron_miller, and @puppyeh1
| Jordan Novet / CNBC: |
More:
Wall Street Journal, Financial Times, Washington Post, Newser, Philip Elmer‑DeWitt, and Coinspeaker. Tweets: @madhavchanchani
| New York Times: |
Interviews with 50+ people detail the rapid rise of Bolt, which overstated its tech and numbers, as its valuation soared from $250M in 2018 to $11B in 2021 — The start-up has had a meteoric rise, thanks to its charismatic co-founder, Ryan Breslow. But he sometimes stretched the truth to get there.| Bloomberg: |
Nintendo reports Q4 revenue up 6% YoY to ~$2.9B, profit up 0.6% YoY to $922M, and 4.1M Switch sales, hitting 23.1M total; Nintendo plans to split its stock 10:1 — Nintendo Co. will split its stock into 10 from October, potentially propping up the shares as the Mario creator struggles …
More:
Nintendo, TechCrunch, Kotaku, GameSpot, Financial Times, CNBC, and IGN
Tweets: @epro, @6d6f636869, @6d6f636869, @muradahmed, and @tomwarren
| Steve Dent / Engadget: |
Sony reports Q4 gaming revenue rose 0.76% YoY to ~$5.1B; PS5 sales of 2M, down from 3.3M QoQ, hitting 19.3M total, ~3.1M below the PS4 at the same point in time — Sony announced that it sold just 2 million PlayStation 5 units last quarter (Q4), bringing its overall total to 19.3 million.
More:
Sony, Bloomberg, Polygon, Reuters, IGN, Eurogamer.net, Game Developer, Gamereactor UK, Android Headlines, Bloomberg, VentureBeat, TechRadar, TechSpot, PCMag, Engadget, and OnMSFT.com
Tweets: @romudeth, @gibbogame, @tomwarren, and @6d6f636869
| Corin Faife / The Verge: |
Report: ICE uses private data brokers to bypass legal restrictions and build a surveillance system capable of pulling “detailed dossiers” on nearly any US adult — Authors of the American Dragnet study say the agency is increasingly unaccountable to legislators
More:
American Dragnet, Engadget, The Guardian, and CyberScoop
Tweets: @carnage4life, @michaelguimarin, @iblametom, @corintxt, @eff, and @mguariglia
| Mary Ann Azevedo / TechCrunch: |
Online wholesale marketplace Faire raises a $416M extension, more than doubling the size of its Series G round and boosting its post-money valuation to $12.59B — Faire, which has built a marketplace connecting retailers to indie brands globally, has raised a $416 million extension …
Tweets: @bayareawriter and @ycombinator
| Eli Tan / CoinDesk: |
Co:Create, which helps NFT collections launch their own tokens, raises a $25M seed led by a16z, in the wake of ApeCoin's successful token-tied NFT approach — Non-fungible token (NFT) startup Co:Create has raised a $25 million seed round to help NFT collections launch their own tokens … | Hannah Miao / CNBC: |
Upstart, which uses AI to gauge creditworthiness, cuts its 2022 revenue forecast from $1.4B to $1.25B citing rising interest rates; stock closes down 56.42% — - Shares of Upstart plummeted Tuesday after the AI consumer lending platform cut its full-year revenue outlook.
Tweets: @the_real_fly
| Brandy Betz / CoinDesk: |
Jambo Technology, a Web3 “super app” with play-to-earn games and more, raises a $30M Series A led by Paradigm, marking Paradigm's first investment in Africa — Jambo, a Congo-based startup building a Web 3 user acquisition platform, has closed a $30 million Series A funding round led … | Hayden Field / Emerging Tech Brew: |
A profile of influential quantum computing physicist Jerry Chow, who joined IBM in 2010 and leads IBM Quantum, which said it broke the 100-qubit barrier in 2021 — We visited Jerry Chow, one of the field's most influential scientists, at IBM's quantum research lab.
Tweets: @haydenfield, @pstasiatech, and @joshsternberg
| MacKenzie Sigalos / CNBC: |
Coinbase Q1: $1.2B net revenue, down from $1.6B YoY, vs $1.5B est., 9.2M MTUs, up from 6.1M YoY, $309B trading volume, down from $335B YoY; stock down 11%+ — - Coinbase reported first-quarter earnings after the bell on Tuesday. — The earnings come amid a major sell-off across the crypto market.
Tweets: @ericajoy, @caseynewton, @caseynewton, @mikeisaac, and @caseynewton
| Jordan Novet / CNBC: |
Roblox misses with Q1 revenue of $631.2M vs. $636.6M est., down 3% YoY, 54.1M average DAUs vs. 55M est., up 28% YoY, and average bookings per DAU of $11.67 — - Roblox reported fewer users in the quarter than analysts had expected, and bookings dropped from a year earlier.
More:
Barron's Online, VentureBeat, and Roblox
| Rest of World: |
An in-depth look at Meta's and Google's investments in subsea cables in Africa, the least connected continent, as the companies seek new avenues for profit — One sunny Thursday morning in September 2021, three men gathered at the Multimedia University of Kenya, in Nairobi, for a small ceremony.
Tweets: @khushbuoshea, @anupkaphle, and @iatalkspace
| Yogita Khatri / The Block: |
New York-based Talos, a crypto trading infrastructure startup for institutional investors, raises a $105M Series B led by General Atlantic at a $1.25B valuation — Quick Take — Talos is now a unicorn with $105 million in new funding from Citigroup, Wells Fargo and others.| Paul Kiernan / Wall Street Journal: |
US Treasury Secretary Janet Yellen: passing legislation in 2022 to create a stablecoin regulatory framework “would be highly appropriate”, after UST's stumble — Treasury secretary expresses hope that Congress will pass legislation this year to create regulatory framework for stablecoinsSponsor Posts
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