Techmeme
April 4, 2022, 11:30 AM

Top News

Bloomberg:
Filing: Elon Musk takes a 9.2% passive stake in Twitter, worth ~$2.89B on Friday, becoming its largest shareholder; Twitter's stock is up 20%+  —  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.
Reuters:
Sources: Truth Social's CTO Josh Adams and product chief Billy Boozer have quit, following a troubled launch for the Trump-backed social network  —  The two Southern tech entrepreneurs had the two qualities that Donald Trump's Truth Social startup needed: tech-industry expertise …
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 …
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.
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.
Mark Gurman / Bloomberg:
How Apple's rumored iPhone and other hardware subscriptions will squeeze more revenue from its users, and why the company may expand its financial services  —  Apple's in-the-works iPhone hardware subscription service will squeeze more revenue from its giant user base.
Neil Cybart / Above Avalon:
Kollen Post / The Block:
Interview with Ukraine's Deputy Minister of Digital Transformation, who says the government's crypto donation platform has raised $70M+ as of April 1  —  Quick Take  — The Block spoke with Alexander Bornyakov, Deputy Minister of the Ukrainian Ministry of Digital Transformation.

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