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March 4, 2023, 12:30 AM
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| Erin Woo / The Information: |
Sources: last month, Amazon threatened to withhold payments for advertising it runs on Twitter, as the social network refused to pay its AWS bills for months — Elon Musk is running into an obstacle in his relentless drive to cut costs at Twitter: some of the same vendors that Twitter …
Mastodon: @darnell@one.darnell.one. Tweets: @amir, @carnage4life, @shaig, @tlakomy, @fordm, and @quinnypig
| Wall Street Journal: |
Sources: in an update to investors, Twitter reports a 40% YoY decline in both revenue and adjusted earnings for December 2022, as advertisers fled the company — The company recently made a first interest payment to banks that lent $13 billion to help pay for Elon Musk's buyout, people familiar with the matter said| Matt Day / Bloomberg: |
Amazon pauses second phase of construction of its HQ2 in Virginia as it reassesses office needs following its deepest-ever job cuts; phase one nears completion — Amazon.com Inc. is pausing construction on its sprawling second headquarters near Washington, a decision that coincides …
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New York Times, Axios, Washington Post, CNBC, Associated Press, Engadget, SiliconANGLE, TechCrunch, NBC News, Boondoggle, Wired, Mashable, CV CREW NEWSLETTER …, CNET, 9to5Mac, ARLnow.com, Financial Times, CNN, GeekWire, Gizmodo, WRAL TechWire, The Information, Technical.ly, and Reuters
Mastodon: @elkmovie@mastodon.social. Tweets: @mattmday, @aoc, @sengianaris, @dceiver, @eliotwb, @igorbobic, @g_meslin, @davidclinchnews, @pat_garofalo, @producercities, @karlbode, @jangelooff, @ylanmui, @danprimack, @danrshafer, @hshaban, @waltmossberg, @elwasson, @themaxburns, @mikeisaac, @biancoresearch, and @nkulw
| Wall Street Journal: |
Internal docs detail efforts by Tether Holdings and Bitfinex to maintain access to the global banking system by using shadowy intermediaries and shell companies — Tether Holdings and related crypto broker obscured identities, documents show — In late 2018, the companies behind …
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CoinDesk, CryptoSlate, PYMNTS.com, CoinGape, and Decrypt
Tweets: @valueterminal, @molly0xfff, @smdiehl, @cduhaime, @bitfinexed, @patio11, @cduhaime, @bondhack, @mayazi, @zachcoelius, and @kamikaz_eth
| Axios: |
Sources: Founders Fund cut Fund VIII, which is expected to start deploying capital in Q2 2023, from ~$1.8B to ~$900M; the money will be pushed to its ninth fund — Founders Fund has quietly cut the size of its eighth venture capital fund in half, from around $1.8 billion to around $900 million, Axios has learned from multiple sources.
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The Information and San Francisco Business Journal
Tweets: @danprimack, @immad, @samirkaji, @mayazi, @tmrohan, @danprimack, @danprimack, @pitdesi, @carnage4life, @darian314, @curiousjorge65, @meghankreynolds, and @cortessteve
| Erik Schatzker / Bloomberg: |
Coinbase acquires One River, a crypto asset management startup that serves only institutional clients, like pension funds; One River was valued at $186M in 2021 — Coinbase Global Inc., still reeling from a plunge in trading volume on its exchanges, is expanding into a less-volatile corner …
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Coinbase Blog, CoinDesk, Cointelegraph, LinkedIn, CryptoGlobe, Bitcoinist.com, Bitcoin News, Blockworks, crypto.news, SiliconANGLE, Tech Startups, The Information, Ethereum World News, CoinGape, Cryptopolitan, Reuters, The Block, and CryptoSlate
Tweets: @longconvexity, @kylesgibson, @johnedeaton1, @jeffjohnroberts, and @muyaoshen
| Bloomberg: |
Sources: Stable Diffusion creator Stability AI seeks to raise money at around a $4B valuation after raising a $101M seed at a ~$1B valuation in October 2022 — With artificial intelligence booming, one key player in the fast-growing space is talking to investors about raising more money … | Mitchell Clark / The Verge: |
One month after Elon Musk said Twitter started sharing ad revenue from reply threads with users who pay for Twitter Blue, Twitter has yet to provide any details — “Starting today, Twitter will share ad revenue with creators for ads that appear in their reply threads,” he said …
Mastodon: @jeremyburge@mastodon.world and @Waterloo@mastodon.lol
| Annie Palmer / CNBC: |
Amazon plans to close eight Go convenience stores in Seattle, NYC, and San Francisco, as the company reevaluates its brick-and-mortar strategy and cuts costs — - Amazon is closing eight Go convenience stores in Seattle, New York City and San Francisco. — The company had previously announced …
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GeekWire, Bloomberg, Neowin, American Banker, The Information, Seattle Business Journal, and Gizmodo
Tweets: @rakeshlobster, @tomgara, and @harrymccracken
| Forbes: |
Ryan Breslow sues Mark Phillips, a convicted fraudster he hired to build his social impact DAO, accusing him of stealing ~$10.5M of the project's seed funding — Billionaire tech founder Ryan Breslow is locked in a legal battle over the alleged theft of millions of dollars belonging to a nascent crypto project, Movement DAO.
Tweets: @evacide, @yoda, @sarahnemerson, and @hkanji
| Jennifer Pattison Tuohy / The Verge: |
Ring says new users of Ring Alarm will have to pay for a Ring Protect plan costing $3.99+ per month to access existing free features, starting March 29 — Yet another company will charge its customers more money for using existing features as the subscription-based smart home becomes the norm.
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SlashGear, Digital Trends, HotHardware, Engadget, The Ambient, and TechRadar
| Financial Times: |
Sources: Character.AI, a chatbot that generates chats in the style of famous people like Shakespeare, raised $200M-$250M led by a16z at a ~$1B valuation — Pioneering tech venture capital firm makes first big foray into generative artificial intelligence sector
Tweets: @georgenhammond
| Josh Eidelson / Bloomberg: |
An NLRB director rules that Google is a “joint employer” with YouTube subcontractor Cognizant and must bargain with Cognizant workers if they vote to unionize — Alphabet Inc.'s Google is legally the boss of YouTube contract staff and must collectively bargain with the workers … | CoinDesk: |
Silvergate says it's discontinuing the Silvergate Exchange Network, an instant settlement service that its clients could use to move money to crypto exchanges — Crypto bank warned this week about its ability to remain in business. — Silvergate Bank, which warned this week about its ability … Sponsor Posts
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