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May 18, 2022, 6:00 PM
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memeorandum
WeSmirchTop News
| Brian Stelter / CNN: |
Twitter's board says “Mr. Musk agreed to a transaction at $54.20 per share” and that it intends to “close the transaction and enforce the merger agreement” — New York CNN Business — … Who wants to own Twitter? Maybe Elon Musk doesn't.
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New York Times, Axios, TheStreet, Ars Technica, Fortune, Bloomberg, Axios, Livemint, Politique Republic, Washington Post, Mashable, TaaSMaster Newsletter, The Irish Times, and New York Times
Tweets: @nycsouthpaw, @sherman4949, @nycsouthpaw, @laurenshirsch, @ilyabr0wn, @loudmouthjulia, @crtrud, @sherman4949, @tomcoates, @brianstelter, @dsquareddigest, @bennyjohnson, @sherman4949, @thevivafrei, @davezatz, @emptywheel, @danprimack, @ivanthek, @ivanthek, @danprimack, @bongcapital, @laurenshirsch, @arashmassoudi, @bongcapital, @ivanthek, @bongcapital, @samro, @sarafischer, @sherman4949, @danprimack, @sherman4949, and @sherman4949
| Edwin Chan / Bloomberg: |
Source:
@elonmusk. More:
Insider, Wired, WRAL TechWire, PCMag, The Guardian, TNW, Reuters, Fortune, TechCircle, and Fossbytes
| Mitchell Clark / The Verge: |
Amazon refreshes its Fire 7 tablet with USB-C charging, better battery life, and a 30% faster processor, and raises the price from $50 to $60, coming 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; investors cashed out early, but traders lost big — Do Kwon, a South Korean entrepreneur, hyped the Luna and TerraUSD cryptocurrencies. Their failures have devastated some traders …
More:
The Block, The Block, and Newser
Tweets: @flitteronfraud, @altcoinpsycho, @bennetttomlin, @yonettejo, @peter_atwater, and @thecryptomonk
| Financial Times: |
Filing: Saudi Arabia's Public Investment Fund bought a 5% stake in Nintendo worth $2.98B; the PIF disclosed 5%+ stakes in Nexon and Capcom in February 2022 — Sovereign wealth fund has already bought into Japan's Capcom and Nexon — Saudi Arabia's sovereign wealth fund has acquired …
More:
Bloomberg, Polygon, iMore, Wall Street Journal, NME, TheGamer, Nintendo Life, Game Rant, Eurogamer.net, GamesIndustry.biz, and Kotaku
Tweets: @gearoidreidy, @andyplaytonic, @toadsanime, @jenny_b_3, @randallbell, @quinnypig, and @stephentotilo
| Monica Chin / The Verge: |
Acer refreshes 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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XDA Developers, TechSpot, Acer, Windows Central, Ars Technica, PCWorld, Engadget, KnowTechie, Engadget, TechRadar, and Digital Trends
| Sam Rutherford / Engadget: |
| Mary Jo Foley / ZDNet: |
In response to rivals' complaints, 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, Thurrott, GeekWire, Softpedia News, Euractiv, Financial Times, The Register, and OnMSFT.com
Tweets: @bradsmi, @bradsmi, @getwired, @maryjofoley, @quinnypig, and @klyngec
| Financial Times: |
China's top economic official meets with dozens of tech execs and experts and pledges “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, PingWest, Reuters, Wall Street Journal, Financial Times, Coinspeaker, and Tencent Investor Relations
Tweets: @sofiahcbbg, @theemikehobart, and @financial_orbit
| Lauren Feiner / CNBC: |
NY AG will launch a probe into Twitch, Discord, 4chan, and 8chan, which officials say “may have been used to plan, promote, and stream” the Buffalo shooting — - New York Attorney General Letitia James will investigate social media companies in connection to the apparently …
More:
The Verge, CNN, Protocol, The Hill, Engadget, The i Paper, State of New York, GameSpot, Kotaku, and Dot Esports
Tweets: @newyorkstateag, @newyorkstateag, and @b_fung
| Todd Spangler / Variety: |
Following years of complaints, TikTok announces its first crediting tools, letting creators link back to the videos of other creators and trend originators — TikTok is finally going to let users of the short-form app properly give credit where credit is due.
More:
TikTok, TechCrunch, Billboard, Social Media Today, Teen Vogue, Adweek, Mashable, and Protocol. Tweets: @tiktokcomms
| Bloomberg: |
Four Democratic senators ask the FTC to investigate whether ID.me illegally misled consumers and government agencies about its use of facial recognition tech — A group of Democratic senators has asked the Federal Trade Commission to investigate whether identity verification company ID …
More:
Krebs on Security, CyberScoop, VICE, U.S. Senator Ron Wyden …, and Engadget
Tweets: @paulnovosad and @briankrebs
| 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 … | Annie Palmer / CNBC: |
New York accuses Amazon of discriminating against pregnant workers and those with disabilities; the state seeks civil fines and an end to discriminatory conduct — - New York Gov. Kathy Hochul on Wednesday announced a state agency has filed a complaint against Amazon, alleging it discriminates …
More:
Governor Kathy Hochul, The Verge, The Hill, Barron's Online, New York Daily News, Politico, Reuters, and Shacknews
Tweets: @komonews and @sengianaris
| Kate Rooney / CNBC: |
At Block's first investor day since 2017, CEO Jack Dorsey doubled down on the company's bitcoin bet; Block's stock is down from its peak of $289.23 to ~$82.05 — - At Block's first investor day since 2017, executives describe how crypto and music-streaming businesses make up an “ecosystem” beyond the original card reader.
More:
The Daily Hodl and Creating Focus
| Mark Gurman / Bloomberg: |
Sources: Ian Goodfellow, Apple's former director of machine learning who left over the company's strict return-to-office 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 …
More:
Protocol, Gizmodo, Engadget, iThinkDifferent, AI News, The Mac Observer, Philip Elmer‑DeWitt, The Register, TechRadar, New York Post, WRAL TechWire, The Verge, Silicon Republic, Benzinga, TechCircle, and Нов …
Tweets: @markgurman, @applelaborers, @bob_burrough, @mkarolian, @lapcatsoftware, @wintermoat, @brianroemmele, and @chancehmiller
| Wall Street Journal: |
Google's Russian subsidiary plans to file for bankruptcy, saying it cannot pay employees, suppliers, and vendors after authorities seized its local bank account — Departure of employees comes as Russian subsidiary prepares to declare bankruptcy, effectively ending the company's commercial operations in the country
More:
Engadget, Reuters, Ars Technica, CRN, PCMag, Telegraph, The Verge, Android Police, The Mac Observer, The Hill, The Economic Times, and Slashdot
Tweets: @trippmickle and @samschech
| Emily Nicolle / Bloomberg: |
CoinGecko: after Tether briefly lost its dollar peg, leading to $8.5B+ in redemptions, Circle's USDC circulation rose by ~$3.4B and Binance USD gained $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:
Decrypt and Crypto Briefing
| Jordan Novet / CNBC: |
Cisco misses with Q3 revenue flat YoY at $12.8B, vs. $13.34B expected, and forecasts a YoY revenue decline in Q4 between 1% and 5.5%; stock drops 10%+ — - Cisco missed on the top line in the quarter and issued a worse-than-expected revenue forecast for the current quarter.| Tiffany Hsu / New York Times: |
Celebrities face intensifying criticism for hyping crypto without highlighting the risks after this month's sell-off, as Crypto.com and FTX reduce 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 and Protos
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