Techmeme
April 5, 2022, 12:25 PM

Top News

Jessica Bursztynsky / CNBC:
Twitter appoints Elon Musk to its board after Musk purchased a 9.2% stake in the company; Musk cannot own more than 14.9% of Twitter while on the board  —  - Elon Musk will join Twitter's board of directors after taking a 9.2% stake in the social media company, according to a release filed with the SEC.
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
Bloomberg:
Tom Warren / The Verge:
Microsoft will let Windows 11 PCs boot straight to Windows 365 Cloud PCs and switch between cloud and native desktops using the virtual desktops feature  —  Windows is getting even more cloud-powered features  —  Microsoft put PCs in the cloud with Windows 365 last year …
Tom Warren / The Verge:
Janko Roettgers / Protocol:
Plex updates its app with universal search across a user's subscription services, a watchlist, and other discovery features; the service says it has 13M MAUs  —  Plex has an audacious plan to become the daily go-to app for everyone's streaming needs: The media center app rolled out new universal search …
Ken Klippenstein / The Intercept:
Internal Amazon documents show its planned internal messaging app would block union-related words, including “union”, “grievance”, and “pay raise”  —  Amazon will block and flag employee posts on a planned internal messaging app that contain keywords pertaining …
Loren Grush / The Verge:
Amazon's Project Kuiper books 83 satellite launches over five years to deploy most of its 3,236 satellites, which will beam internet to earth  —  The subsidiary is partnering with Arianespace, ULA, and Blue Origin  —  Project Kuiper — Amazon's planned internet-from-space initiative …
Juli Clover / MacRumors:
Apple announces WWDC will be held June 6 through June 10 as a virtual event; Apple will host an invite-only watch party on June 6 at Apple Park  —  Apple today announced that its 33rd annual Worldwide Developers Conference is set to take place from Monday, June 6 to Friday, June 10.
Eliza Gkritsi / CoinDesk:
German police shut down darknet market Hydra Market, which had €1.23B in 2020 revenue, and seize 543 bitcoins  —  The Hydra Market's bitcoin privacy mixer complicated the investigation, police said.  —  German authorities seized $25 million in bitcoin (BTC) as they shut down Hydra Market …
Edward Ongweso Jr / VICE:
A look at Axie Infinity “managers”, who loan in-game NFTs to other players in exchange for a cut of any profits and depend on a constant influx of new players  —  Managers in play-to-earn game Axie Infinity employ large teams of “scholars” who can't afford their own NFTs even as the game's economy spirals.
Eric Newcomer / Newcomer:
Crypto investment firm Paradigm says it has $13.2B under management, up 343% from December 2020; a16z has $54.6B, Sequoia $85.5B, and Tiger Global $124.7B  —  Andreessen Horowitz AUM rises 53% to $54.6 billion  —  In previously unreported financial filings, some of the technology industry's …
Hema Parmar / Bloomberg:
Taylor Lorenz / Washington Post:
A look at subreddit r/Place, which lets users build collective art by posting a colored pixel every five minutes and had 72M tiles placed by Sunday night  —  Since last Friday, millions of Reddit users have banded together to collectively generate a massive, collaborative piece of artwork that has become a viral phenomenon.
Paul Sawers / VentureBeat:
Appwrite, an open-source “backend-as-a-service” startup, raises a $27M Series A led by Tiger Global  —  Sign up here.  —  Appwrite, an open source backend-as-a-service (BaaS) platform that enables companies to forget about infrastructure and focus squarely on the front end …
More: SiliconANGLE and CTech
Bloomberg:
FTX makes a “significant” investment in stock exchange IEX, made famous by Michael Lewis' “Flash Boys”; IEX represented 2.7% of US equities volume in March  —  Crypto exchange FTX US agreed to take a stake in IEX Group Inc., owner of the stock exchange made famous by …

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Associated Press:
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