Techmeme
April 4, 2022, 12:55 PM

Top News

Bloomberg:
Filing: Elon Musk takes a 9.2% passive stake in Twitter, worth ~$2.89B at Friday's market close, becoming its largest shareholder; Twitter's stock is up 26%+  —  Elon Musk has taken a 9.2% passive stake in Twitter, according to a 13G filing, Bloomberg News reports.  Twitter rose about 26% in pre-market trading.
Lily Russell-Jones / City A.M.:
UK Chancellor Rishi Sunak asks the Royal Mint to create an NFT, set to be issued by the summer  —  The Treasury has announced plans to dive into the crypto space with the launch of an official NFT later this year.  —  John Glen, the economic secretary for the Treasury …
Reuters:
Sources: Truth Social CTO Josh Adams and product chief Billy Boozer have quit, following the troubled launch of the Trump-backed social network on iOS  —  The two Southern tech entrepreneurs had the two qualities that Donald Trump's Truth Social startup needed: tech-industry expertise …
Aaron Schaffer / Washington Post:
US State Department announces the Bureau of Cyberspace and Digital Policy, starting with 60+ staff and plans to add 30 more  —  Nearly 100 people will staff a new cyber bureau at the State Department  —  Today, the State Department is launching its long-awaited cyberspace and digital policy bureau.
Wall Street Journal:
How Brad Smith helps Microsoft avoid government scrutiny by being amicable with regulators while directing negative attention at the company's Big Tech rivals  —  President Brad Smith has taken an amicable role with regulators.  Rivals say he also directs negative attention toward them.
Asa Fitch / Wall Street Journal:
AMD plans to acquire networking chip maker Pensando for $1.9B in cash, aiming to compete with Nvidia and Intel's data center tech  —  Acquisition would bolster AMD's offerings for the fast-growing data-center market  —  Advanced Micro Devices Inc. plans to buy chip and software startup Pensando Systems Inc …
Andrew Webster / The Verge:
Fortnite raises $144M for Ukraine relief, after Epic Games announced two weeks ago that all proceeds from the game would be donated to humanitarian efforts  —  The fundraising effort has ended after two weeks  —  In two weeks, Fortnite has raised a total of $144 million for Ukraine relief efforts.
Jessica Rizzo / Wired:
As the first cases involving NFTs hit court dockets, a look at the issues, including outright scams, gaps in securities regulation, and contract enforcement  —  As the first cases involving NFTs hit the dockets, courts will decide questions around ownership, art, and commerce.

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