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June 8, 2022, 9:55 PM
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| Elizabeth Dwoskin / Washington Post: |
Source: Twitter's board plans to comply with Elon Musk's demands for internal data on bots by offering access to its full “firehose”, after a weeks-long impasse — The billionaire is in a protracted battle with the company over information about spam and fake accounts
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The Verge, Associated Press, The Hill, New York Times, SiliconANGLE, Benzinga, Engadget, Axios, Ars Technica, Social Media Today, Financial Times, MobileSyrup, iPhone in Canada Blog, iMore, OnMSFT.com, New York Post, Protocol, Hollywood Reporter, Input, The Guardian, Variety, Gizmodo, Wccftech, Tech News, Fast Company, Insider, and CoinGape
Tweets: @willoremus, @mikeisaac, @raywert, @lizzadwoskin, @shoq, @matt, @gerritd, @kashhill, @mikeisaac, @mikeisaac, @dataandpolitics, @brittanheller, @daveleeft, @mrinaldesai, @nash076, @jamespmcleod, @bigblackjacobin, @dataandpolitics, @caseynewton, @brianmfloyd, @midi_guru, @seyitaylor, @carnage4life, @ethanjacobslaw, @bluechoochoo, @blackamazon, @scottlincicome, @r0wdy_, @peterhamby, @gottalaff, @robinwigg, @parismartineau, @thegmcconnachie, @kurtwagner8, @thehonorableat, @cyantist, @americanwombat, @markberman, @martinsfp, @vc, @cbouzy, and @jamesrbuk
| Bloomberg: |
Sources: Twitter's Vijaya Gadde told staff in a meeting that a shareholder vote to approve Elon Musk buying the company will occur in late July or early August — Twitter Inc.'s top lawyer reassured staff Wednesday that the deal to sell the company to billionaire Elon Musk is still progressing …
More:
Reuters, Variety, and The Economic Times
| Mark Gurman / Bloomberg: |
Apple will handle Apple Pay Later's lending, a first for the company; in-house subsidiary Apple Financing LLC will oversee credit checks and make loan decisions — Apple Inc. will handle the lending itself for a new “buy now, pay later” offering, sidestepping partners as the tech giant pushes deeper …
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The Verge, Protocol, Finextra, Financial Times, Engadget, TechCrunch, Reuters, AppleInsider, 9to5Mac, iMore, CNBC, MacRumors, MacDailyNews, PhoneArena, Tech Xplore, TNW, and Insider
Tweets: @markgurman, @excapite, @darth, @paulmarkbailey, @gareth_rutter, @mondomascots, @stephennellis, @michaelsayman, @freezydorito, @zacbowden, @emmonspired, @rosebudkane25, @newsynick, @carnage4life, @micwasowski, @bvlaar, @dotybilly, @rsgnl, @f__peladeau, @vadimyuryev, @benedictevans, @lordmatty, and @soflotrading
| Prakhar Khanna / Digital Trends: |
Apple says Stage Manager is limited to M1 iPads because the feature relies on iPadOS 16's fast memory swap, which lets demanding apps use storage as virtual RAM — At its Worldwide Developers Conference (WWDC) 2022, Apple announced numerous new features for iPadOS 16.
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Apple, MacRumors, AppleInsider, iMore, SlashGear, BGR, MacRumors, TechSpot, 9to5Mac, Cult of Mac, iThinkDifferent, iDownloadBlog.com, and Wccftech
Tweets: @markgurman, @ultralinx, @viticci, @markgurman, @martinmoorejr, @theramalmedia, @stroughtonsmith, and @stroughtonsmith
| Alex Konrad / Forbes: |
After leaving Amazon on July 1, Dave Clark will join supply chain software startup Flexport as co-CEO starting September 1, becoming sole CEO six months later — Former Amazon consumer chief Dave Clark has a new job: co-CEO, and eventually sole CEO, of $8 billion-valued supply chain software startup Flexport.
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TechCrunch, The Information, Associated Press, CNBC, Bloomberg, GeekWire, Bloomberg, Financial Times, Reuters, SiliconANGLE, Insider, Seattle Business Journal, and Newcomer
Tweets: @typesfast, @alexrkonrad, @danprimack, @kinjeketile, @grlemkau, @tobi, @amy_k_nelson, @chrisfralic, @kimmaicutler, @shaig, @delrey, @buccocapital, @mims, @alexrkonrad, @alexrkonrad, @typesfast, @peterpham, and @mattmday
| Cristina Criddle / Financial Times: |
In an email, ByteDance says Joshua Ma, who leads UK's TikTok Shop, will “step back” during a probe into comments that he “didn't believe” in maternity leave — Joshua Ma will ‘take some time off’ after claims were brought to TikTok by the Financial Times| Cristina Criddle / Financial Times: |
Sources: since its launch in October 2021, TikTok Shop in the UK has lost ~50% of its staff, or at least 20 people, due to a culture clash with Chinese owners — Chinese-owned social media group launches investigation into ‘toxic’ working practices at London offices
More:
SiliconANGLE, The Guardian, Insider, New York Post, City A.M., and Tech in Asia
| Todd Bishop / GeekWire: |
Microsoft plans to stop adding noncompete clauses to US employment agreements, drop NDAs from US worker settlements, add salary ranges to US job posts, and more — Bending to employee sentiment and legislative mandate, Microsoft announced a series of reforms Wednesday that will curtail …
More:
Insider, Microsoft On the Issues, Reuters, New York Post, Gizmodo, and Protocol. Tweets: @quinnypig. Thanks:@johnhcook
| Florence Ion / Gizmodo: |
Google releases Android 13 Beta 3 for Pixel phones and says Android 13 has reached platform stability, meaning the developer APIs and how apps perform are final — As the beta reaches Platform Stability, Google would like to remind you that Android tablets aren't dead yet. — Alerts| Malathi Nayak / Bloomberg: |
Meta faces eight lawsuits this week that claim its algorithms lead to attempted suicide, eating disorders, sleeplessness, and other issues in young people — Meta Platforms Inc. is now a leader in another social media trend — lawsuits claiming the company built algorithms in its platforms …
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NBC News, LAW.com, Insider, Dailystar.co.uk, ExchangeWire.com, and The Independent
| Andrew Asmakov / Decrypt: |
Ethereum's proof-of-stake Merge upgrade goes live on Ropsten, Ethereum's oldest testnet for blockchain development testing before deployment on the mainnet — First rolled out in 2016, Ropsten is Ethereum's oldest testnet that allows for blockchain development testing before deployment on the mainnet.| Ian Allison / CoinDesk: |
Source: Citadel Securities is building a “cryptocurrency trading ecosystem” in partnership with market maker Virtu, VC firms Sequoia and Paradigm, and others — The effort also includes Citadel Securities' recent venture capital (VC) backers, Sequoia and Paradigm …
More:
Bloomberg, Reuters, The Block, Protocol, CryptoSlate, Bitcoin Magazine, Insider, Blockworks, Ethereum World News, Finbold, and Benzinga
Tweets: @whalesonly1, @zerohedge, @zerohedge, @eringriffith, and @wublockchain
| Joe Rossignol / MacRumors: |
Apple's iOS 16 introduces the ability to transfer an eSIM from another iPhone via Bluetooth while setting up cellular service — iOS 16 introduces a useful new feature that allows an eSIM to be transferred between iPhones via Bluetooth while setting up cellular service.
More:
CNET, Softpedia News, MobileSyrup, Cult of Mac, iPhone Hacks, iPhone in Canada Blog, Wccftech, and WRAL TechWire
Tweets: @dcseifert, @detroitborg, @connorjewiss, @saranbyte, and @annkur
| Dina Bass / Bloomberg: |
Microsoft plans to “significantly scale down” its operations in Russia, impacting 400+ staff, while continuing to fulfill its “existing contractual obligations” — Microsoft Corp. is substantially reducing its business in Russia, joining the list of prominent technology firms cutting …
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IBM, Reuters, Softpedia News, Engadget, Gizmodo, PCMag, Cybernews.com, The Verge, Windows Central, OnMSFT.com, CRN, Gizchina, The Economic Times, Neowin, Barron's Online, GeekWire, PC Gamer, The Hill, and euronews
Tweets: @ylitvinenko, @divestech, @baxiabhishek, and @th3j35t3r
| Sarah McBride / Bloomberg: |
Vanta, which offers enterprise data security compliance tools, raises $110M led by Craft Ventures at a $1.6B valuation, bringing its total funding to ~$163M — In some ways, Vanta Inc. looks like a startup from a frothier era. It's run by a 35-year-old entrepreneur in San Francisco and sells software primarily to other startups.
More:
vanta.com, San Francisco Business Journal, and SiliconANGLE
| Odanga Madung / Mozilla Foundation: |
Analysis of disinformation on TikTok ahead of Kenya's August 9 general election: hate speech, community incitement, and manipulated content is spreading widely — 2. Extensive Disinformation and TikTok Policy Violations — 3. Looking Back: Familiar Terrain for Kenyans
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Wired, Rest of World, Gizmodo, and TechCrunch
Tweets: @mozilla, @odangaring, @odangaring, @carnage4life, and @mozilla
| Todd Spangler / Variety: |
Spotify's podcast business generated nearly €200M in 2021 revenue, up 300% YoY, but had a -57% gross margin; Spotify monetized 14% of listening time in Q1 2022 — Spotify disclosed some key financial metrics of its podcast business for the first time — and while the $1 billion-plus …
More:
TechCrunch, Wall Street Journal, Hollywood Reporter, Bloomberg, and Reuters
Tweets: @omri_legacy and @pkedrosky
| Thomas Brewster / Forbes: |
Unsealed docs: the US Secret Service ordered travel companies Sabre and Travelport to spy on a Russian hacker for two years, providing weekly location reports — A Forbes legal challenge forces the unsealing of documents that reveal for the first time the scope of secretive surveillance orders … | Dan Taylor / Tech.eu: |
Sweden-based Juni, which provides financial management services to e-commerce businesses, raises $100M in equity and $106M in debt in a Series B — Sweden's Juni has raised $206 million ($100 equity/$106 debt) in a Series B funding round. — Swedish integrated payment solution platform Juni …
More:
Reuters and Silicon Canals
| Alex Heath / The Verge: |
Meta's head of infrastructure David Mortenson steps down; engineering and infrastructure VP Santosh Janardhan, his direct report, will take over later in June — The change comes days after the announced departure of Sheryl Sandberg — Another executive change is hitting Meta … | André Beganski / Decrypt: |
South Korean crypto exchanges Bithumb and Upbit plan to delist Litecoin, saying the token's new privacy features violate the country's anti-money laundering law — Two major exchanges in South Korea said they will delist Litecoin due to new privacy features enabled by the protocol.
More:
CoinDesk, cafe.bithumb.com, The Block, Cryptopolitan, Coinspeaker, and Cointelegraph
| Anton Wilen / Bloomberg: |
Saudi Arabia's PIF-backed Savvy Gaming Group acquires an 8.1% stake in Sweden's Embracer for ~$1.05B, after its Modern Times acquisition and Nintendo investment — Saudi Arabia's wealth fund has made its second $1 billion foray into the Swedish gaming industry this year as part of a drive …
More:
Embracer, Video Games Chronicle, GamingBolt, Gameranx, Polygon, Wccftech, PC Gamer, Game Developer, TheGamer, Financial Times, GamesIndustry.biz, Dow Jones Newswires, Eurogamer.net, and Blue's News. Tweets: @logmey92
| Alex Wilhelm / TechCrunch: |
The Block: weekly NFT sales declined by just over 70% from a high of nearly 1M units in the third week of 2022 to 250K+ at the end of May 2022 — The consumer trading boom has deflated, pushing unicorns and recently public companies alike into defensive modes.| Ron Miller / TechCrunch: |
Salesforce announces a closed pilot of NFT Cloud, a service for buying and selling NFTs; Salesforce SVP says CMOs and CDOs “are asking for help entering web3” — Who knows whether it's FOMO or actual customer demand for such a thing, but Salesforce announced today that it's launching …
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SiliconANGLE, Bloomberg, Insider, Decrypt, Gizmodo, Web3 Friends, PYMNTS.com, CryptoPotato, PR Newswire, and SearchCustomerExperience
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