Techmeme
April 4, 2022, 10:50 PM

Top News

Bloomberg:
Filing: Elon Musk acquires a 9.2% passive stake in Twitter, worth ~$2.89B at Friday's market close, becoming its largest shareholder; Twitter shares rise 27.2%  —  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.
Matt Levine / Bloomberg:
If Elon Musk wants to change Twitter with his stake, he might have to gesture in the direction of ESG or profitability to get other shareholders to support him  —  Programming note: Money Stuff was supposed to be off today but, Elon.  So here we are.  —  Oh Elon
Lily Russell-Jones / City A.M.:
UK Chancellor Rishi Sunak asks the Royal Mint to issue an NFT by the summer, as the Treasury plans a “forward-looking approach” towards crypto assets  —  The Treasury has announced plans to dive into the crypto space with the launch of an official NFT later this year.
Lawrence Abrams / BleepingComputer:
Mailchimp discloses a breach where hackers accessed 319 accounts and stole “audience data” from 102 clients; phishing scams of crypto users quickly followed  —  Email marketing firm MailChimp disclosed on Sunday that they had been hit by hackers who gained access to internal customer support …
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 …
Sidhartha Shukla / Bloomberg:
Sky Mavis: Axie Infinity DAUs had fallen 45% from a November peak to 1.48M for the week ending March 28, a day before Ronin's ~$600M crypto hack was announced  —  The popular play-to-earn Axie Infinity game had been losing users even before the record cryptocurrency hack disclosed …
Emily Baker-White / BuzzFeed News:
Former ByteDance employees say the company scraped Instagram, Snap, and others to make fake accounts on TikTok predecessor Flipagram, later renamed Vigo Video  —  In 2017, TikTok's parent company, ByteDance, scraped short-form videos, user names, profile pictures, and profile descriptions from Instagram …
Andrew Webster / The Verge:
Fortnite raises $144M for Ukraine relief, two weeks after Epic Games said all of its and Microsoft's proceeds from the game would go 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.
Aaron Schaffer / Washington Post:
The US State Department announces the Bureau of Cyberspace and Digital Policy, starting with 60+ staff and plans to add 30 more in 2022  —  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.

Sponsor Posts

Subquadratic:
Subquadratic: the LLM built for 12M-token reasoning  —  SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds.  Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Cloudflare:
Cloudflare Connect 2026: The Agentic Conference  —  Stop preparing for agents.  Start running them.  100+ sessions, workshops, and speakers from OpenAI, Arm, and Cloudflare across AI, security, and performance.
Zoho:
The 90-day recognition cliff: Why praise programs fade, and what keeps them alive  —  Recognition programs often start with enthusiasm.  Employees participate, managers share shoutouts, and teams have a new way to celebrate achievements.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Channels with Peter Kafka:
David Ellison's Paramount-Warner Empire & The Fight That Comes Next
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Sources:
Factory CEO on why AGI is already here
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
Subscribe to Sources.
Invest Like the Best:
Noah Shinn - Building Instinct: The Personal Agent
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Lenny's Podcast:
The grief, loneliness, and burnout sweeping through the tech industry right now | Molly Graham
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
Meta's Muse Revival, Frontier AI Under Threat, The Rise Of Dopamine Sites
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Great Chat:
Doomers at Dreamforce
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:50 PM ET, April 4, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Asa Fitch / Wall Street Journal:

Earlier Picks

Wall Street Journal: