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May 13, 2021, 7:25 PM
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| Bloomberg: |
Sources: Colonial paid ~$5M ransom in cryptocurrency within hours of the attack, but the hackers' decrypting tool was so slow that it had to use its own backups — - Payment came shortly after attack got underway last week — FBI discourages organizations from paying ransom to hackers
More:
New York Times, NBC News, Threatpost, CNBC, news.com.au, The Age, blog.chainalysis.com, Gizmodo, The Register, CRN, BleepingComputer, CNN, Washington Post, Electronic Frontier Foundation, Reuters, Mashable, PCMag, The Hill, ZDNet, Decrypt, and Insider
Tweets: @nicoleperlroth, @kimzetter, @secgranholm, @carolmswain, @fbajak, @secgranholm, @kimzetter, @joeconchatv, @bryandeanwright, @chuckwendig, @josephfcox, @iblametom, @dnastacio, @bobonmarkets, @thegrugq, @keitholbermann, @matthew_d_green, @briankrebs, @kimzetter, @kevincollier, @themaxburns, @mkapor, @hshaban, @alexhern, @glengilmore, @bradstone, @quinnypig, @nycsouthpaw, and @grady_booch
| Tom Schoenberg / Bloomberg: |
Sources: Binance is under investigation by DOJ and IRS; officials involved include those who probe money laundering and tax offenses — - Justice Department, IRS seek information about crypto exchange — The federal agencies haven't accused Binance of wrongdoing
More:
The Block, The Verge, Decrypt, Reuters, Forbes, PingWest, Blockworks, CoinDesk, Crypto Briefing, Cointelegraph, cryptodaily.co.uk, Bitcoin News, Crowdfund Insider, and InsideBitcoins.com
Tweets: @campuscodi, @rulexrp, @binance, @calvinayre, @danprimack, @hackermanace, @alexsvanart, @mustachetommy, and @adamsinger
| Sean O'Kane / The Verge: |
Elon Musk says Tesla no longer accepts bitcoin for vehicle purchases due to its environmental cost, will look at more environmentally friendly cryptocurrencies — Tesla has stopped accepting bitcoin as payment for its cars out of concern that it will contribute to greater consumption of fossil fuels …
More:
Forbes, Fortune, Reuters, Bloomberg, CoinDesk, CNBC, New York Times, Financial Times, CryptoGlobe, AppleInsider, Ars Technica, Techpoint Africa, and Bloomberg
| Arjun Kharpal / CNBC: |
More:
The Verge, Bloomberg, Bloomberg, Insider, CoinDesk, Washington Post, CNET, Forbes, International Business Times, Bloomberg, PYMNTS.com, Coinspeaker, Neowin, and TNW
Tweets: @elonmusk, @jonathanwatts, @backlon, @robpegoraro, @arjunkharpal, and @campanalemark
| The Block: |
Vitalik Buterin sells large amounts of SHIB, AKITA, and ELON tokens, sent to him by coin creators, for ~$60M worth of ETH, and donates the proceeds to charities — Quick Take — Ethereum creator Vitalik Buterin has offloaded a range of dog-themed meme tokens.| Joey Roulette / The Verge: |
SpaceX signs a satellite connectivity deal with Google Cloud, as part of which SpaceX will install Starlink terminals at Google's data centers around the world — Under a new agreement, SpaceX will plant Starlink terminals at Google Cloud's data centers — Google said on Thursday …
More:
PR Newswire, CNBC, iTnews, TechCrunch, Insider, SiliconANGLE, CRN, The Register, 9to5Google, VentureBeat, and Neowin
Tweets: @theprodigalag, @googlecloud, @thesheetztweetz, @aparanjape, @thomasortk, @joroulette, and @joroulette
| Natasha Lomas / TechCrunch: |
Google has been fined €100M+ by Italy's antitrust watchdog for abusing its dominant market position by restricting third party access to the Android Auto app — Google has been fined just over €100 million (~$123M) by Italy's antitrust watchdog for abuse of a dominant market position.
More:
AGCM, The Register, The Verge, Reuters, Android Authority, Reuters, 9to5Google, Android Central, Silicon Republic, iPhone in Canada Blog, MUO, Thurrott, TNW, Engadget, and MSPoweruser
| Yogita Khatri / The Block: |
Tether, which claimed at launch that each tether was backed 1:1 with USD, releases a breakdown of its reserves, revealing that only 3.87% are in actual cash — Quick Take — Stablecoin issuer Tether has revealed a breakdown of its reserves. — As of March 31, 2021 … | Richard Nieva / CNET: |
YouTube has banned almost 40 QAnon channels that were evading YouTube's policies and escaping violations by self-deleting their own videos after a few days — YouTube banned almost 40 channels that used the tactic. Disinformation experts say they haven't seen the ploy used before.
More:
MUO. Tweets: @rogerwcheng, @mhbergen, @techledes, @jaredlholt, and @stshank. Thanks:@rogerwcheng
| Ina Fried / Axios: |
Apple says it parted ways with recent hire Antonio García Martínez, an ex-Facebook staffer and author, after employee petition citing “misogynistic statements” — Apple has severed ties with recent hire Antonio Garcia-Martinez, a former Facebook employee and author …
More:
The Register, Bloomberg, AdExchanger, iThinkDifferent, Philip Elmer‑DeWitt, iDownloadBlog.com, Wall Street Journal, Protocol, The Hill, Fortune, iPhone in Canada Blog, Firstpost Tech, and MacRumors
Tweets: @devonbl, @markgurman, @sandofsky, @paulg, @nikitabier, @bstulberg, @davidsacks, @zoeschiffer, @serenatalkstech, @cherthedev, @xeegeex, @mike10010100, @amyalkon, @heatherkenny, @eade_bengard, @kane, @franklinh3000, @moorehn, @melissamcewen, @lukolejnik, @mark_t_gray, @reckless, @markgurman, @moorehn, @caseynewton, @gabbifish, @paulg, @twostraws, @onalark, @saikatc, @scobleizer, @mathiasverraes, @mathewi, @rmac18, @moorehn, @gartenberg, @vickerysec, @davidlublin, @eitanshay, @della_morte_, @timnitgebru, @shiraovide, @moorehn, @lainnafader, @novallswift, @ekp, @reckless, @edzitron, @rmac18, @ellearmageddon, @sarahtaber_bww, @sdw, @karlbode, and @backlon. Thanks:@inafried
| Sarah Perez / TechCrunch: |
Pinterest says it will test livestreaming events this month through a three-day virtual event featuring sessions with around 21 top creators — Pinterest is expanding into live events. The company is planning to host a three-day virtual event that will feature live-streamed sessions from top creators … | Strategy Analytics: |
Global notebook PC shipments grew 81% YoY in Q1; both Apple, with 5.7M shipments, and Acer, with 4.9M shipments, grew 94% as HP grew 91% with 15.4M shipments — Gaming, Chromebooks, commercial and consumer demand stay hot as the return to work and school is slow and pointing to a hybrid approach long-term
More:
ZDNet, AppleInsider, MacRumors, iThinkDifferent, Windows Central, 9to5Mac, Pocketnow, and Thurrott
Tweets: @techaltar, @esmith_sa, and @fonearena
| Mike Butcher / TechCrunch: |
Collective, a subscription-based service that handles back office tasks like accounting for the self-employed, raises $20M Series A led by General Catalyst — With so much focus on the “creator economy”, and countries hit by the effects of the pandemic, the self-employed market is “booming” …
Tweets: @ugurkaner and @ditzikow
| Sebastian Herrera / Wall Street Journal: |
Amazon says it is hiring 75,000 workers, representing 8% of its US workforce, and offering an average of $17/hour, above its typical $15/hour starting wage — The retail and tech giant said the new roles—representing nearly 8% of its U.S. workforce—are offering average pay of $17 an hour| Jessica Bursztynsky / CNBC: |
Bumble stock falls 14%+ on Thursday to $40.48, below its IPO price, after beating Q1 revenue expectations Wednesday but issuing a more cautious Q2 guidance — - Shares of Bumble fell sharply Thursday morning, dipping below its initial public offering price of $43 apiece, after the company reported first-quarter results.| Kurt Wagner / Bloomberg: |
Twitter has announced six acquisitions so far in 2021, the most the company has made in a calendar year since 2015, as part of its new product push — - Company announced six deals already in 2021, most since 2015 — Twitter CFO Segal says product clarity is part of M&A strategy
Tweets: @twittercomms, @ashevat, @nedsegal, and @kurtwagner8
| Amelia Lucas / CNBC: |
DoorDash reports Q1 revenue of $1.08B, up 198% YoY, and a net loss of $110M, blaming a shortage of drivers, but raises forecasts; stock up 8%+ after hours — - DoorDash reported losses per share of 34 cents on revenue of $1.08 billion for its first quarter.
More:
Wall Street Journal, DoorDash, TheStreet, FreightWaves, Bloomberg, Barron's Online, and Yahoo Finance
Tweets: @yahoofinance and @ghaff
| Jordan Novet / CNBC: |
Airbnb reports Q1 revenue of $886.9M, up 5% YoY, gross booking value of $10.3B, up 52% YoY, but net loss tripled to $1.1B, largely due to debt repayments — - While Airbnb's revenue grew 5% in the first quarter, gross booking value rose some 52% as users opted for full homes and destinations outside cities.| Taylor Hatmaker / TechCrunch: |
Discord announces Stage Discovery, a tool to help people find communities through live audio events, and says it will soon test paid, ticketed audio events — If you're new to Discord, you might be thrown off by the lack of an endless feed peppered with ads.
More:
VentureBeat, The Verge, 9to5Mac, Engadget, Protocol, and CNBC
Tweets: @roka371, @caseynewton, and @chrismessina
| Benjamin Wallace / New York Magazine: |
Behind the online battle between notable tech figures including a16z partners and Balaji Srinivasan, and the journalists who report, and tweet, on the industry — Late last fall, the New York Times was preparing a bombshell article about Coinbase, a financial exchange that had become … | Sarah Perez / TechCrunch: |
Roku announces launch of its original programming, including the Quibi content it acquired, on the Roku Channel, starting May 20 — Roku today announced the launch of its own original programming, which will initially become available to viewers in the U.S., U.K., and Canada through …
More:
The Verge, Android Police, Variety, Gizmodo, Tom's Guide, TechHive, The Streamable, iPhone in Canada Blog, Light Reading, PCMag, Android Headlines, Deadline, HD Guru, and MUO. Tweets: @counternotions
| Detroit News: |
Michigan GOP lawmaker introduces a bill that requires fact checkers to register with the state using a $1M fidelity bond, and levies $1K/day fine for violations — Lansing — A Michigan lawmaker who's been at the center of efforts to question the 2020 election introduced a bill Tuesday that would require … | Andrew J. Hawkins / The Verge: |
Ford says it will start rolling out OTA updates to its vehicles at scale, including adding Alexa later this year to 700K eligible vehicles — The automaker aims to have 33 million OTA-capable vehicles by 2028 — Ford is finally ready to start rolling out over-the-air (OTA) software updates to its vehicles at scale.
More:
Bloomberg, CNBC, PYMNTS.com, Telematics News, Mashable, Automotive World, MUO, ZDNet, Input, and Electrek
Tweets: @sokane1 and @campuscodi
| Todd Spangler / Variety: |
Jeff Blackburn, an S-team Amazon exec who had departed in February, is returning as SVP of Global Media and Entertainment, overseeing Prime Video, Twitch, more — Jeff Blackburn, a former high-level Amazon exec who just recently left after more than two decades, is coming back … Sponsor Posts
Niantic Spatial:
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Meet Zoho Books MCP: Bring AI-powered accounting to your business — Isn't change the only constant? And that holds true for accounting too. For years, accounting software has helped businesses manage their finances …
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IDrive:
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Anuma:
The Private AI That Remembers — Anuma is the all-in-one AI platform with private, portable memory. Chat, text, create, build, and solve across every model.
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Lenny's Podcast:
Why cultivating agency matters more than cultivating skills in the AI era | Max Schoening (Head of Product, Notion)
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Big Technology Podcast:
OpenAI's User Growth Miss, Musk vs. Altman, Prediction Market Ban
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
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Training Data:
OpenAI's Greg Brockman: Why Human Attention Is the New Bottleneck
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The Upstarts Podcast:
Runway's Cris Valenzuela: Building The Hollywood-Friendly Video AI That OpenAI Couldn't
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Hard Fork:
OpenAI's Big Reset + A.I. in the Doctor's Office + Talkie, a pre-1930s LLM
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
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Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
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