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June 17, 2022, 8:25 AM
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| Ryan Mac / New York Times: |
Sources: SpaceX fired employees who helped write and distribute an open letter calling Elon Musk's behavior “a frequent source of distraction and embarrassment” — In an email, Gwynne Shotwell, SpaceX's president, said the letter had made other employees “feel uncomfortable, intimidated and bullied.”
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The Verge, Reuters, TechCrunch, PCMag, Insider, Engadget, Fortune, Silicon Republic, Ars Technica, Mashable, ExtremeTech, Protocol, and The Economic Times
Tweets: @gartenberg, @georgetakei, @f, @clarajeffery, @carnage4life, @jilliancyork, @aaschapiro, @drrubidium, @sbn_wescott, @rmac18, @davetroy, @lorengrush, @northmantrader, and @rmac18
| Casey Newton / Platformer: |
Some employees say that Musk sounded genuinely enthusiastic about owning and running Twitter, but the meeting reinforced their mostly negative beliefs about him — Musk says he has big plans for the company. Employees wonder how he'll achieve them
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TechCrunch, Insider, Vox, Wall Street Journal, New York Times, International Business Times, Quartz, PYMNTS.com, Financial Times, The Verge, Gizmodo, and New York Post
Tweets: @caseynewton, @profcritic, @martinsfp, @susanbordson, and @lizzadwoskin
| Bloomberg: |
Sources: Elon Musk addressed Twitter employees for the first time since agreeing to buy the company in April, discussing potential layoffs, moderation, and more — Tesla Inc. Chief Executive officer Elon Musk discussed his stance on what types of content should be allowed on Twitter Inc.'s social network …
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Vox, New York Times, Washington Post, The Verge, CNBC, Protocol, Blockworks, Reuters, TechCrunch, The Verge, BBC, The Block, Decrypt, Axios, The Verge, Benzinga, Insider, Android Headlines, NPR, Wall Street Journal, Fossbytes, Hollywood Reporter, La Wikly de Emilio Doménech, Transistori, Crypto Briefing, Bloomberg, The Guardian, Bloomberg, Social Media Today, TheStreet, Deadline, Japan Today, Variety, The Wrap, CNET, New York Post, and Ars Technica
Tweets: @alexeheath, @bennyjohnson, @alexeheath, @lizzadwoskin, @mikeisaac, @mikeisaac, @noupside, @alexeheath, @danprimack, @jenn_elias, @cernovich, @kenli729, @mikeisaac, @mikeisaac, @mikeisaac, @daithaigilbert, @donie, @bennyjohnson, @elonmusk, @evafoxu, @donie, @elonmusk, @_szheng, @reckless, @maxkennerly, @hsajwanization, @elonmusk, @nycsouthpaw, @markmilian, @ericnewcomer, @stevekovach, @mmasnick, @nytimes, @kurtwagner8, @pkafka, @kurtwagner8, @qhardy, @jlgolson, @mikeisaac, @anthony, @mikeisaac, @caseynewton, @pkafka, @alexeheath, @kantrowitz, @jyarow, @kantrowitz, @mattrosoff, @ericajoy, @jimpethokoukis, @mkarolian, @caseynewton, @2aupdates, and @mattnavarra
| The Verge: |
Snap is internally testing Snapchat Plus, a paid subscription service that will give users early access to exclusive, experimental, and pre-release features — It's currently in “early internal testing” — Snap is doing internal tests of a paid subscription called Snapchat Plus … | Financial Times: |
Sources: BlockFi was among the groups that liquidated at least some positions held by Three Arrows Capital, which failed to meet margin calls this past weekend — BlockFi was among a clutch of firms that liquidated the Singapore-based group's positions — Three Arrows Capital failed … | Janko Roettgers / Protocol: |
Roku raises its revenue share for ad-supported streaming channels from 40% to 45% and forces linear channels to use its ad insertion technology and CDN services — In recent weeks, Roku began to send notices to many of its content partners, informing them that it would change a key distribution agreement.
More:
Silicon Republic, IPG Media Lab, and Next in Marketing
Tweets: @richlightshed, @caseynewton, @jason_kint, @trengriffin, and @karlbode
| Mary Jo Foley / ZDNet: |
Microsoft debuts Defender for Individuals, an online security dashboard for PC, Mac, iOS, and Android, part of Microsoft 365 Family and Personal subscriptions — Microsoft is adding the Microsoft Defender for Individuals to its Microsoft 365 Personal and Family subscriptions.| Hannah Lang / Reuters: |
State securities regulators in Alabama, Kentucky, New Jersey, Texas, and Washington are investigating Celsius Network's decision to suspend customer redemptions — State securities regulators in Alabama, Kentucky, New Jersey, Texas and Washington are investigating crypto lender Celsius Network's decision … | Ingrid Lunden / TechCrunch: |
Prague-based online grocery delivery service Rohlik has raised a €220M Series D led by Sofina and says it had revenues of €500M in 2021 — The salad days are over for many startups in the online food delivery sector. Following a long period of cash injections …
More:
Tech.eu, Sifted, EU-Startups, Reuters, and Forbes. Tweets: @ingridlunden. Thanks:@ingridlunden
| Manya Saini / Reuters: |
HomeLight, which offers AI tools for home buyers, sellers, and real estate agents, raised a $115M Series D at a $1.7B valuation, $60M in equity and $55M in debt — HomeLight said on Thursday it had raised $115 million in a late-stage funding round that valued the real-estate home technology platform at $1.7 billion.
| Taylor Hatmaker / TechCrunch: |
Reddit plans to acquire Spell, a platform for running machine learning experiments founded in 2016 by a former Facebook engineer, for an undisclosed amount — Reddit announced Thursday that it would buy Spell, a platform for running machine learning experiments, for an undisclosed amount.
More:
The Economic Times, Silicon Republic, Adweek, and Reddit Upvoted
| Wall Street Journal: |
Sources: Klarna is in talks with investors about funding at a ~$15B valuation, down from its $45.6B valuation in June 2021; source: a deal could yield $500M+ — The SoftBank-backed, buy-now-pay-later startup is discussing raising cash at a valuation around $15 billion, down from 2021's near $46 billion valuation
More:
Sifted, AltFi, The Block, PYMNTS.com, Bloomberg, and FOSS Patents
Tweets: @ryan_browne_, @bongcapital, and @alex
| Alex Sherman / CNBC: |
TikTok's global business solutions head says TikTok is an entertainment platform, not a social network like Facebook, and hasn't seen a slowdown in ad revenue — - Facebook is openly copying TikTok, and calling it out as a significant competitor. — But Blake Chandlee …
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The Verge, Beyond Search, MobileSyrup, Tubefilter, Gizchina, iPhone in Canada Blog, Android Headlines, KnowTechie, PhoneArena, Pixel Envy, and The Economic Times
Tweets: @ernestle, @sherman4949, @jyarow, @corinne_podger, @mattrosoff, @jbenton, @mgsiegler, and @alexeheath. Thanks:@mattrosoff
| Reuters: |
Sources: China's central bank accepted Ant Group's application to set up a financial holding company, a key step in a year-long revamp of the fintech business — China's central bank has accepted Ant Group's application to set up a financial holding company, three people with knowledge of the matter said … | Financial Times: |
Blockchain.com data: bitcoin's hash rate fell 4% since the start of the week, as the value of revenues paid to miners fell to its lowest level in nearly a year — Share prices of companies that validate crypto transactions have tumbled over the past month — Bitcoin miners are scaling … | Manish Singh / TechCrunch: |
India-based FanClash, which lets users pick fantasy esports teams to compete with one another in its mobile app, raised a $40M Series B led by Alpha Wave Global — Millions of Indians each year assemble virtual sports teams, placing their hopes on the players they pick to perform exceedingly well in real-world matches.
More:
TechCircle, The Economic Times, and Entrackr
| Rachel Kaser / VentureBeat: |
VersusGame, a mobile app that lets content creators pose “prediction contests” to viewers for cash and prizes, has raised a $25M Series A — VersusGame announced it has raised $25 million in a new fundraising round. It plans to use the funding to develop its platform and staff, as well as augment its partnership efforts.Sponsor Posts
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Bloomberg:Paramount pays the $2.8B breakup fee owed to Netflix; NFLX closes up 13.8%, and PSKY closes up 20.8%
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