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May 26, 2022, 4:30 AM
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| Diane Bartz / Reuters: |
Twitter agrees to pay $150M to the FTC, settling allegations that it misrepresented the “security and privacy” of user data between May 2013 and September 2019 — Twitter Inc (TWTR.N) has settled with U.S. authorities over allegations it misrepresented the “security and privacy” …
Source:
Federal Trade Commission. More:
U.S. Department of Justice, BleepingComputer, Twitter, Federal Trade Commission, NPR, Silicon Republic, The Record, SiliconANGLE, Engadget, Cybernews.com, Hollywood Reporter, CNN, The Economic Times, The Verge, SecurityWeek, Deadline, and Pixel Envy
Tweets: @profcarroll, @shouse34, @jimmypatronis, @ewa_jodlowska, @wbm312, @janschakowsky, @bashco_, @matthew_d_green, @can, @kilonova_gold, @b_fung, and @adam_k_levin
| Lauren Kaori Gurley / VICE: |
Leaked video: Apple SVP of Retail + People Deirdre O'Brien tells employees that joining a union would make it harder for Apple to improve working conditions — In an internal video circulated among Apple's 58,000 retail employees, Apple's vice-president of retail suggested that a union …
More:
The Verge, Bloomberg, Bloomberg Law, 9to5Mac, Patently Apple, Insider, Engadget, CNBC, TechCrunch, iPhone in Canada Blog, MacDailyNews, Philip Elmer‑DeWitt, iMore, MacRumors, AppleInsider, and iClarified
Tweets: @moreperfectus, @markgurman, @cherthedev, @collindonnell, @zoeschiffer, @ashleygjovik, @greenhousenyt, @gotbizintros, @alexspeidel, @somospostpc, @appleworkers, @applelaborers, @lordravenscraft, @creative_rants, @alex, @acoreunion, @ashleygjovik, @collindonnell, @markgurman, @bradbrovino, @gotbizintros, @apple_union, @apple_union, @infrophell, @fruitstoreninja, @laurenkgurley, @ranimolla, @ns0n, @ryanbealey, @zoeschiffer, @imajorwish, @code_cwa, @infrophell, @ashleygjovik, @creative_rants, @lisemlareau, @techwontsaveus, @mclendaniel, @newsynick, @code_cwa, @moreperfectus, @acoreunion, @applelaborers, @cscode_, @phausler, @ashleygjovik, @david_moscrop, @mjh_txt, and @greenhousenyt
| Tim Higgins / Wall Street Journal: |
Apple to raise pay for US hourly workers to $22/hour, a 45% rise from 2018, amid inflation and unionization push; starting salaries in US also expected to rise — The iPhone maker faces store unionization attempts, higher inflation — Apple Inc. AAPL .11%▲ is boosting pay …
More:
The Economic Times, MacRumors, AppleInsider, Philip Elmer‑DeWitt, Reuters, iClarified, and Bloomberg. Tweets: @timkhiggins
| CNBC: |
Filing: Elon Musk plans to provide an additional $6.25B in equity financing for his Twitter buyout, boosting his commitment to $33.5B; Twitter's stock rises 5%+ — A new filing reveals that Elon Musk plans to front $33.5 billion in his bid to take over Twitter.
Source:
U.S. Securities …. More:
Bloomberg, BGR India, The Verge, Wall Street Journal, Associated Press, Crypto Briefing, TechCrunch, ZDNet, Law and Politics, Protocol, Benzinga, and TheStreet
Tweets: @sherman4949, @saysdana, and @teddyschleifer
| Dan Primack / Axios: |
Jack Dorsey leaves Twitter's board of directors, effective today; Dorsey has discussed rolling over his 2.4% Twitter stake into Elon Musk's takeover deal — Jack Dorsey is leaving the board of Twitter, effective today. The move had been telegraphed last fall, when he stepped down as the social media company's CEO.
More:
TechCrunch, PYMNTS.com, The Economic Times, Washington Post, Newser, MobileSyrup, SlashGear, Platformer, Social Media Today, iPhone in Canada Blog, The Hill, and Daily Mail
Tweets: @jackmurphylive, @davetroy, and @rustybrick
| TechCrunch: |
Sources: one-click checkout service Bolt has laid off 100+ employees across go-to-market, sales, and recruiting roles amid slowing revenue and customer growth — One-click checkout startup Bolt has laid off at least 100 employees and counting across go-to-market, sales and recruiting roles, sources say.
Source:
Bolt. More:
Protocol, New York Times, PYMNTS.com, San Francisco Business Journal, Forbes, City A.M., New York Post, and Axios
Tweets: @hhariri and @kuruvillamaju
| Peter Grant / Wall Street Journal: |
Some hotels are looking to guarantee bookings revenue by partnering with startups like Pinktada that convert stays into NFTs to be bought and sold by guests — NFTs also are being used to raise capital to buy golf courses or land, giving token buyers a stake in the projects
More:
Bloomberg. Tweets: @maxwellstrachan, @nameshiv, @thekafkadude, @thelincoln, @eden_holdings, @blackamazon, @mylesudland, @xenollamas, and @sub8u
| Ashley Stewart / Insider: |
Interviews with former and current Microsoft employees suggest a widespread pattern of executive misconduct persists, years after Satya Nadella vowed to end it — The Microsoft executive walked into the small, windowless room in Studio C at about 8 o'clock that evening.
More:
Windows Central and OnMSFT.com
Tweets: @hughlangley, @grahamstarr, @businessinsider, and @ethangach
| Issie Lapowsky / Protocol: |
Peter Thiel steps down from Meta's board, on which he secured a seat in 2005 after investing $500K; Meta announced in February 2022 that Thiel would be leaving — Peter Thiel has officially stepped down from Meta's board, a position he's held since Facebook was in its infancy.
More:
The Economic Times, CNET, Daily Mail, and Washington Post
Tweets: @vickerysec, @stealthqe4, @vickerysec, @zerohedge, @jason_kint, @buccocapital, @santiagoaufund, @doombergt, @vickerysec, and @darnelsugarfoo
| Liam Tung / ZDNet: |
A 51-page Senate committee report warns that the US government lacks comprehensive data on ransomware attacks and payments and suffers from fragmented reporting — The US government must clean up ransomware reporting and data collection if it wants to devise adequate policy responses.| Debby Wu / Bloomberg: |
Sources: Apple plans to keep iPhone production at ~220M, about the same as last year, compared to ~240M market forecasts, amid inflation and a tough market — Apple Inc. is planning to keep iPhone production roughly flat in 2022, a conservative stance as the year turns increasingly challenging for the smartphone industry.| Mary Ann Azevedo / TechCrunch: |
Zip, whose cloud SaaS product lets businesses simplify their internal procurement process, raises a $43M Series B led by YC Continuity at a $1.2B valuation — The process to make any purchase within a business can be long and cumbersome, involving multiple departments and lots of back and forth.| Sam Nussey / Reuters: |
Sony says it plans to ramp up PlayStation 5 production and signals a radical broadening of its game portfolio, including more titles on PC and mobile — Sony Group Corp (6758.T) said it plans to ramp up production of its PlayStation 5 console as supply chain snarls ease and signalled …
More:
The Verge, Bloomberg, and Video Games Chronicle
| Hannah Murphy / Financial Times: |
Andreessen Horowitz announces a $4.5B crypto fund, its fourth and largest so far, allocating about $1.5B for seed investments and $3B for venture investments — Venture capital group launches its largest fund to date focused on digital assets despite market downturn
Source:
a16z crypto. More:
CNBC, Decrypt, CoinDesk, Forbes, Benzinga, The Block, Axios, ZyCrypto, The Daily Hodl, CoinJournal, Cryptopolitan, VICE, Cointelegraph, SiliconANGLE, The Economic Times, Coinspeaker, TechCrunch, CoinGape, TechCrunch, CoinDesk, Bloomberg, and Protocol
Tweets: @ariannasimpson, @smc90, @0xfoobar, @cryptoethan, @rahulsood, @carrawu, @janehk, @phoenix_ash3s, @austin_federa, @telcoinpaul, @scottmelker, @andrewchen, @fintechfrank, @taigxrp, @ahcastor, @sytaylor, @faresben_eth, @nischalshetty, @jimpethokoukis, @iankar_, @kr00ney, @packym, @mdudas, @benedictevans, @silvermanjacob, @sarthakgh, @yoda, @silvermanjacob, @therealjpk, @cryptomanran, @ftx_access, @tsuvik, @joonian, and @ariannasimpson
| Kate Irwin / Decrypt: |
DeFi-focused startup Common raises $20M from Spark Capital, Polychain, Jump, Wintermute, and others for Commonwealth, its community management platform for DAOs — Common's investors include BitDAO, Spark Capital, and Jump. … Common's new funds will go toward the further development …
More:
FinSMEs and VentureBeat
| Chad Bray / South China Morning Post: |
The UK orders a security review of chipmaker Newport Wafer Fab's sale to Nexperia, the Dutch subsidiary of China's Wingtech, after reportedly not intervening — Assessment of US$79 million acquisition of Britain's biggest semiconductor maker comes under new powers conferred by National Security … Sponsor Posts
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@thezedwards and @yegg. More:
9to5Mac, The Register, Нов …, PCMag, SlashGear, The Mac Observer, Android Police, HackRead, iPhone in Canada Blog, SiliconANGLE, TechRadar, Thurrott, Review Geek, Tom Merritt Tech Newsletter, gHacks Technology News, Beyond Search, Fossbytes, Slashdot, and TechCrunch
Tweets: @shivan_kaul, @thezedwards, @yegg, @yegg, @stammy, @richontech, @thezedwards, @yoda, @yegg, @yegg, @yegg, @sethforprivacy, @thezedwards, @rstephens, @pixeldetracking, @j_opdenakker, @yegg, @thezedwards, @thezedwards, @samfbiddle, @thezedwards, @henkvaness, @henkvaness, @samfbiddle, @henkvaness, @privacymatters, and @evacide
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Bloomberg, PR Newswire, CoinDesk, Crowdfund Insider, FinSMEs, CoinJournal, The Block, Blockworks, and Cryptopolitan