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May 18, 2022, 2:00 PM
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memeorandum
WeSmirchTop News
| Brian Stelter / CNN: |
Twitter's board says it intends to “close the transaction” at the agreed price and “enforce the merger agreement” — New York CNN Business — … Who wants to own Twitter? Maybe Elon Musk doesn't. Sure, maybe he is causing chaos to extract a lower price from the Twitter board …
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New York Times, Fortune, Ars Technica, SEC.gov, Axios, Bloomberg, Bloomberg, Axios, Livemint, Washington Post, New York Times, Mashable, Washington Post, The Irish Times, Insider, The Register, Bloomberg, International Business Times, Protocol, Bloomberg, Observer, and Financial Times
Tweets: @nycsouthpaw, @sherman4949, @nycsouthpaw, @laurenshirsch, @tomcoates, @bennyjohnson, @thevivafrei, @ilyabr0wn, @loudmouthjulia, @sherman4949, @brianstelter, @dsquareddigest, @sherman4949, @davezatz, @emptywheel, @danprimack, @ivanthek, @ivanthek, @danprimack, @bongcapital, @laurenshirsch, @arashmassoudi, @bongcapital, @ivanthek, @bongcapital, @samro, @sarafischer, @sherman4949, @danprimack, @sherman4949, and @sherman4949
| Bloomberg: |
Sources: despite Elon Musk's tweets, Twitter, Musk's team, and banks are continuing to work to close the deal, including preparing the 139-page SEC filing — In public, Elon Musk's erratic tweets have sent Twitter Inc.'s shares flailing, as traders bet that the billionaire is preparing …
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TheStreet, Barron's Online, TaaSMaster Newsletter, and New York Times
Tweets: @edludlow, @business, @shortingisfun, @martinsfp, and @mattnavarra
| Edwin Chan / Bloomberg: |
Source:
@elonmusk. More:
Insider, PCMag, Wired, Fortune, ExtremeTech, TNW, WRAL TechWire, The Guardian, TechCircle, Fossbytes, Coinspeaker, Reuters, and The Signal
Tweets: @elonmusk, @elonmusk, @mmasnick, @evafoxu, @sruhle, @chandrarsrikant, @crtrud, @carnage4life, @mollyjongfast, @lukemiani, @billym2k, @meiselasb, @anandwrites, @annelamott, @joshtpm, @lizpeek, @moorehn, @tedlieu, @thesheetztweetz, @janewells, @richsignorelli, @nilegardiner, @efffalcon, @carnage4life, @tonychurnside, @karlbode, @gauravsabnis, @briannawu, @caseynewton, @matthuang, @film_girl, @cianmaher0, @green_footballs, and @ldrogen
| Monica Chin / The Verge: |
Acer unveils the Swift 3 laptop, starting at $900 with a 14" OLED display, 12th-Gen Intel Core H-series CPUs, and claimed 10-hour battery life, coming in July — A new 14-inch OLED for $899.99 — It wasn't too long ago that the phrase “OLED laptop” implied a luxury product.| Phillip Tracy / Gizmodo: |
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Tom's Hardware, XDA Developers, Windows Central, Ars Technica, PCWorld, Engadget, Engadget, KnowTechie, Acer, TechRadar, and Digital Trends
| Sam Rutherford / Engadget: |
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The Verge, 9to5Google, PCWorld, Gizmodo, Android Police, XDA Developers, The Verge, Android Central, Laptop Mag, TechPowerUp, and Pocket-lint
| Financial Times: |
Filing: Saudi Arabia's Public Investment Fund takes a ~5% stake in Nintendo, worth $2.98B; the PIF disclosed a 5% stake in Japan's Nexon and Capcom in February — Sovereign wealth fund has already bought into Japan's Capcom and Nexon — Saudi Arabia's sovereign wealth fund has acquired …
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Bloomberg, Polygon, Game Rant, MobileSyrup, iMore, Wall Street Journal, GamesIndustry.biz, NME, Kotaku, Nintendo Life, and Eurogamer.net
Tweets: @gearoidreidy, @andyplaytonic, @toadsanime, @jenny_b_3, @randallbell, @quinnypig, and @stephentotilo
| Mark Gurman / Bloomberg: |
Sources: Ian Goodfellow, Apple's former director of machine learning who left due to the company's return to work policy, is joining Alphabet's DeepMind — An Apple Inc. executive who left over the company's stringent return-to-office policy is joining Alphabet Inc.'s DeepMind unit, according to people with knowledge of the matter.
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9to5Google, The Mac Observer, The Register, New York Post, Engadget, The Verge, TechRadar, iThinkDifferent, TechCircle, AI News, Fossbytes, Philip Elmer‑DeWitt, MacRumors, WRAL TechWire, Silicon Republic, Benzinga, 9to5Mac, AppleInsider, iMore, Fortune, and Livemint
Tweets: @markgurman, @mkarolian, @lapcatsoftware, @applelaborers, @bob_burrough, @brianroemmele, @wintermoat, and @chancehmiller
| Nellie Andreeva / Deadline: |
Netflix cuts 150 jobs out of 11K across departments in a new round of layoffs, mostly in the US, as the company reins in costs amid slowing revenue growth — EXCLUSIVE: Layoffs are underway at Netflix today. About 150 positions out of the streamer's workforce of 11,000 are being eliminated amid …
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CNBC, The Verge, Bloomberg, Los Angeles Times, Android Headlines, iPhone in Canada Blog, t3.com, BGR India, Tech in Asia, Engadget, Insider, Gizmodo, iMore, and Protocol
| Financial Times: |
China's top economic official meets dozens of tech execs and industry experts, pledging “support” for Chinese tech companies amid a deepening economic slump — Beijing's top economic official holds meetings with executives and industry experts — China's top economic official met dozens … | Zheping Huang / Bloomberg: |
More:
South China Morning Post, Wall Street Journal, Reuters, Financial Times, Tencent Investor Relations, Coinspeaker, RTÉ, and Barron's Online
Tweets: @sofiahcbbg, @theemikehobart, and @financial_orbit
| Mitchell Clark / The Verge: |
Amazon refreshes the Fire 7 tablet with USB-C charging, better battery life, a faster processor, and increases the price from $50 to $60, shipping on June 29 — And faster internals — Amazon is updating its small and inexpensive Fire 7 tablet for the first time in three years … | New York Times: |
A profile of Do Kwon, the trash-talking founder of Terraform Labs, which raised $200M+ to build LUNA and UST; many investors avoided losses by cashing out early — Do Kwon, a South Korean entrepreneur, hyped the Luna and TerraUSD cryptocurrencies. Their failures have devastated some traders …
Tweets: @flitteronfraud, @yonettejo, and @peter_atwater
| Mary Jo Foley / ZDNet: |
Addressing complaints by rivals, Microsoft begins relaxing its cloud licensing rules in Europe, which made running its software on other clouds more expensive — Microsoft is undoing in Europe some of the restrictive cloud-licensing policies it first announced in 2019 which made running …
More:
Microsoft On the Issues, Softpedia News, Euractiv, Thurrott, The Register, OnMSFT.com, and Financial Times
Tweets: @bradsmi, @getwired, @quinnypig, @bradsmi, @maryjofoley, and @klyngec
| Tiffany Hsu / New York Times: |
Celebrities have been criticized for hyping crypto without highlighting the risks after this month's sell-off, as Crypto.com and FTX scale back on ad spending — Crypto boosters such as Matt Damon, Reese Witherspoon and Gwyneth Paltrow have been criticized for hyping virtual currency without highlighting the risks.
More:
Newslit Daily. Tweets: @slhamlet, @katie_robertson, @markmazzettinyt, @ben_mckenzie, @luxalptraum, @taylorlorenz, @nytimes, @megancgraham, and @annmlipton
| Wall Street Journal: |
Google's Russian subsidiary plans to file for bankruptcy, saying it is impossible to pay employees and suppliers after authorities seized its bank account — Departure of employees comes as Russian subsidiary prepares to declare bankruptcy, effectively ending the company's commercial operations in the country
More:
Reuters, Ars Technica, The Verge, Android Police, The Hill, RTÉ, City A.M., and Slashdot. Tweets: @trippmickle
| Emily Nicolle / Bloomberg: |
CoinGecko: after Tether lost its dollar peg, leading to $8.5B+ in redemptions, Circle's USDC stablecoin circulation rose by $3.4B and Binance USD is up $1.2B — Circle's USD Coin is reaping the benefits as circulation of Tether, the world's largest stablecoin and its closest rival, continues to decline in a wave of redemptions.
More:
Crypto Briefing. Tweets: @chrisbloomstran, @toby_n, @zhusu, @mdudas, @jeetsidhu_, @toby_n, @davetroy, @cryptoseq, @degenspartan, @degenspartan, @biancoresearch, @biancoresearch, @biancoresearch, @mdudas, and @bennetttomlin
| Tomio Geron / Protocol: |
Plaid announces two products for Automated Clearing House transfers, including identify verification, putting it in direct competition with Stripe — Plaid is moving into identity verification in a crucial expansion beyond its roots connecting banks and fintechs — a move that could put … | Todd Spangler / Variety: |
Following years of complaints from creators, TikTok announces its first crediting tools, linking back to creators and trend originators within videos — TikTok is finally going to let users of the short-form app properly give credit where credit is due. — The Bytedance-owned app …
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TechCrunch, Protocol, TikTok, iMore, The Hollywood Reporter, Adweek, Teen Vogue, and Mashable
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