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August 4, 2022, 10:10 PM
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memeorandum
WeSmirchTop News
| Dan Primack / Axios: |
Filing: Twitter says Elon Musk's counterclaims “are factually inaccurate, legally insufficient, and commercially irrelevant” and don't justify ending the deal — We still don't have Elon Musk's response to Twitter's lawsuit over his efforts to back out of his $44 billion acquisition …
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Delaware Court of Chancery, New York Times, Bloomberg, The Hill, Associated Press, Washington Post, Insider, Wall Street Journal, Reuters, Lil Durk, CNN, and Newser
Tweets: @btaylor, @austen, @bencasnocha, @telanganatoday, @danprimack, @chillmage, and @chillmage
| Wall Street Journal: |
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Bloomberg, Ars Technica, Digit, Associated Press, The Guardian, and CompaniesBIO's Newsletter
Tweets: @davidsacks, @sundeep, @mims, @wadhwa, and @icodrops
| Reuters: |
As Nancy Pelosi visited Taiwan, cyberattacks from China and Russia increased on the island; some 7-11 store TVs displayed “Warmonger Pelosi, get out of Taiwan!” — As U.S. House of Representatives Speaker Nancy Pelosi made a brief visit to Taiwan this week that enraged Beijing …
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NBC News, Reuters, Focus Taiwan, The Hill, The Record, Politico, New York Times, Reuters, Infinite Eyes News, and VICE
Tweets: @mpwangtingyu, @lorenzofb, @williamyang120, @sarah_wu_, and @kevincollier
| Tom Warren / The Verge: |
Microsoft starts testing an Xbox Game Pass family plan in Colombia and Ireland, letting users add up to four people in the same country to their subscription — Game Pass sharing goes into preview in Ireland and Colombia — Microsoft is starting to test an Xbox Game Pass family plan …
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Xbox Wire, Thurrott, PCWorld, PC Gamer, Eurogamer.net, Destructoid, MobileSyrup, Neowin, Engadget, Stevivor, GameSpot, Pure Xbox, TheGamer, Android Headlines, IGN, OnMSFT.com, and Wccftech
| Emma Roth / The Verge: |
Microsoft is testing a Game Pass widget on Windows 11 for showing games that have been recently added, are leaving soon, from certain categories, and more — Microsoft's first new Windows 11 widget — Microsoft's first new Windows 11 widget should make it even easier to find out which games are coming to PC Game Pass.| Michelle Price / Reuters: |
Visa and Mastercard end ties with the ad arm of Pornhub owner MindGeek, after a court ruled Visa must face a lawsuit alleging it is liable for CSAM distribution — Visa (V.N) and Mastercard (MA.N) on Thursday said they had suspended ties with the advertisement arm of MindGeek …
More:
Meet Visa. A network working …, CNBC, Gizmodo, PYMNTS.com, New York Post, Financial Times, and Variety
Tweets: @brianroemmele, @axelroark, and @uppittynegress
| Aisha Malik / TechCrunch: |
Clubhouse starts beta testing private communities called Houses, which can be created by a person or group looking for a more intimate alternative to Clubs — Clubhouse, the social audio app that rose in popularity amid the pandemic, is looking to shake up its platform with the launch of private communities called “Houses.”| Oliver Knight / CoinDesk: |
Meta begins rolling out NFT support on Instagram in 100 countries after launching Coinbase Wallet and Dapper integrations and support for the Flow blockchain — Following a series of testing phases, NFT integration is now live on Instagram across 100 countries.| Nelson Wang / CoinDesk: |
Block reports Q2 revenue down 6.6% YoY to $4.4B, $2.62B net revenue excluding bitcoin, and Cash App bitcoin revenue down 34% YoY to $1.79B; stock is down 5%+ — Despite beating projections, the payments company said its overall revenue fell because of a decrease in bitcoin revenue.
Source:
Block, Inc.. More:
PYMNTS.com, Protocol, The Block, Bloomberg, Benzinga, Investor's Business Daily, Reuters, and Block
| Preetika Rana / Wall Street Journal: |
DoorDash reports Q2 revenue up 30% YoY to $1.6B, vs. $1.5B est., orders up 23% YoY to 426M, vs. 419M est., gross order value up 25% YoY to $13.1B; stock up 10%+ — Food-delivery company lifts full-year guidance even as it expects softer spending environment
Source:
DoorDash. More:
Barron's Online, Fast Company, Reuters, Associated Press, CNBC, Investing.com Australia, and Bloomberg
| Bloomberg: |
BlackRock partners with Coinbase to help institutional investors manage and trade crypto, starting with BTC, using BlackRock's Aladdin system; COIN jumps 10%+ — BlackRock Inc. is partnering with Coinbase Global Inc. to make it easier for institutional investors to manage and trade Bitcoin … | CoinDesk: |
How crypto developer Ian Macalinao posed as 11 independent devs and created a web of DeFi protocols that temporarily inflated the total value locked on Solana — The Macalinao brothers used a web of bogus identities to create the illusion of a dev community, juicing value on the Saber protocol and Solana blockchain.
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Web3 is going just great
| Soma Biswas / Wall Street Journal: |
A New York judge allows Voyager Digital to return $270M in customer cash deposits, settling one of the company's larger issues after filing for bankruptcy — Crypto broker got bankruptcy court approval to return cash deposits — Cryptocurrency brokerage firm Voyager Digital Holdings Inc. secured approval …
More:
The Block, Reuters, and Yahoo Money
| Wallace Witkowski / MarketWatch: |
Cloudflare reports Q2 revenue up 54% YoY to $234.5M, vs. $227.3M est., a $63.5M net loss, and forecast for both Q3 and 2022 above estimates; stock is up 21%+ — Cloudflare Inc. shares surged in the extended session Thursday after the cybersecurity company reported results … | Phuong Nguyen / Reuters: |
Some Samsung workers at a major smartphone factory in Vietnam say business is not good and the company is cutting production, as global electronics demand slows — Samsung Electronics Co Ltd has scaled back production at its massive smartphone plant in Vietnam, employees say …
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SlashGear, SamMobile, TechCrunch, iPhone in Canada Blog, Android Police, Android Headlines, PhoneArena, Slashdot, Wccftech, SamNews 24, and Phandroid
Tweets: @miketatarski and @dlberes
| Reuters: |
Sources: Intel and Italy aim to clinch a deal, by the end of August 2022, initially worth $5B, to build an advanced semiconductor packaging and assembly plant — Italy is close to clinching a deal initially worth $5 billion with Intel (INTC.O) to build an advanced semiconductor packaging …
More:
iTnews, SiliconANGLE, Windows Central, Tom's Hardware, CRN, and Neowin. Tweets: @martijnrasser
| Reuters: |
Sources: Tencent plans to raise its Ubisoft stake, aiming to become its single largest shareholder, after buying a 5% stake in 2018; Ubisoft's stock jumps 10%+ — Tencent Holdings Ltd (0700.HK) plans to raise its stake in French video game group Ubisoft Entertainment SA (UBIP.PA) …
More:
Game Developer, The Jacob Wolf Report, PC Gamer, GameSpot, Dot Esports, Gameranx, Rock, Paper, Shotgun, Stevivor, IGN, Game Rant, HotHardware, PingWest, Eurogamer.net, Kotaku, GamesIndustry.biz, Wccftech, TheGamer, and Video Games Chronicle
Tweets: @tomi, @bigfrytv, and @automaticzen
| Bloomberg: |
Meta is selling US corporate bonds for the first time; source: the bond sale may be between $8B and $10B, in as many as four parts — Meta Platforms Inc., one of the few S&P 500 companies without debt, is selling $10 billion in its first ever corporate bond sale as its cash flow and stock price fall.
More:
Bloomberg, Marketing Dive, SiliconANGLE, MarketWatch, and Insider
Tweets: @schuldensuehner, @priapusiq, @mikeisaac, and @rihardjarc
| Wallace Witkowski / MarketWatch: |
Twilio reports Q2 revenue up 41% YoY to $943.4M, a $311.9M loss from operations, and 275K+ active customer accounts; the stock is down 8%+ on a weak Q3 forecast — Top end of Twilio's forecast revenue range is $975 million, while the Street consensus is $978.8 million| Andrew Hayward / Decrypt: |
The Solana Foundation says exploited addresses were “created, imported, or used” in Slope mobile wallets and there's “no evidence” the protocol was compromised — Private keys may have been inadvertently compromised as a Solana mobile wallet is fingered for the major network attack.
More:
Slope Finance, The Block, HealthcareInfoSecurity.com, Bitcoin News, NullTX, Crypto Adventure, Mashable, Watcher Guru, Fortune, CoinGape, Inside Bitcoins, The Verge, The Register, Cointelegraph, rekt, Washington Post, The Block, Micky, and BTC Times
Tweets: @solanastatus, @solanastatus, @solanastatus, @phantom, @slope_finance, @osec_io, @0xfoobar, @0xfoobar, @fatmanterra, @fatmanterra, @slope_finance, @coinbureau, @lordx64, @rajgokal, @chrismaddern, @slope_finance, @lordx64, @hudsonjameson, @0xfoobar, @slope_finance, @gregosuri, @chrismaddern, @zachherbert, @cz_binance, @mdudas, @ncweaver, @cygaar_dev, @thecryptolark, @chipflare, and @earlyishadopter
| Jason Nelson / Decrypt: |
More:
CoinDesk, ETH Daily, Protos, Messari Crypto, CoinJournal, Ethereum World News, Waivly, Soon Parted, The Crypto Basic, Fossbytes, Laptop Mag, HackRead, Cointelegraph, Web 3 Shower Thoughts, The Daily Moon, Watcher Guru, The Guardian, The Metaversalist, and The Record
Tweets: @solanastatus, @peckshieldalert, @phantom, @sandeepnailwal, @0xfoobar, @aeyakovenko, @solanastatus, @solanastatus, @solanastatus, @magiceden, @cz_binance, @solanastatus, @grady_booch, @aeyakovenko, @solporttom, @kevincollier, @lizrummy, @chrisalbon, @milesdeutscher, @magiceden, @milesdeutscher, @spencerdailey, @fatmanterra, @cobie, @caspiancey, @silvermanjacob, @lyu_johnny, @justinbarlow, @stevekovach, @matthew_d_green, @hosseeb, @mattdesl, @buccocapital, and @liron
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