| Bloomberg: |
Filing: Elon Musk delivers a non-binding proposal to take Twitter private by acquiring all outstanding stock for $54.20 per share, in a cash deal worth ~$43B — Elon Musk has offered to buy Twitter for $54.20 per share in cash, according to an updated 13D filing, Bloomberg News reports.| Mia Sato / The Verge: |
Elon Musk says he is motivated by the public interest value of Twitter, which should open source its algorithm, and he has a Plan B if his offer is rejected — The billionaire made his first public comments about his Twitter takeover efforts at the TED 2022 conference| Jon Swartz / MarketWatch: |
Apple says Meta's plan to take a 47.5% cut of virtual sales in Horizon Worlds “lays bare Meta's hypocrisy” for taking aim at Apple's 30% cut in the App Store — Facebook parent Meta Platforms Inc.'s intent to take a nearly 50% cut of digital asset sales within its emerging metaverse … | Jonathan Greig / The Record: |
US government agencies warn of custom hacking tools, created by several APT actors, that are designed to compromise IT equipment used in critical infrastructure — Several advanced persistent threat (APT) actors have created custom-made tools designed to breach IT equipment used … | Sarah Perez / TechCrunch: |
WhatsApp announces Communities with admin tools, file sharing, 32-person calls, and more, to let clubs, schools, and other groups host thousand-user chats — Meta is throwing billions of dollars into building out the metaverse as the future of social networking but in the near term … | New York Times: |
Since Russia invaded Ukraine, tens of thousands of tech workers have left Russia, an exodus that will fundamentally change Russia's tech industry and economy — Since their country invaded Ukraine, Russian tech workers have left by the thousands. They appear intent on rebuilding their lives and businesses in other countries.| Mia Sato / The Verge: |
YouTube Shorts now lets creators splice in 1- to 5-second clips from long-form videos and Shorts, after previously allowing them to add only short audio clips — Creators can use clips from YouTube's billions of videos in their own content — Creators making YouTube Shorts will now be able … | Dean Takahashi / VentureBeat: |
PitchBook NVCA report: US investments in Q1 remained strong at $70.7B, but IPOs and exits slowed to $33.6B after three consecutive quarters over $192B — Venture capital dealmaking activity and exits slowed in the first quarter after a record-breaking 2021, according to the Q1 2022 PitchBook-NVCA Venture Monitor.| Sandali Handagama / CoinDesk: |
An NFT of Jack Dorsey's first-ever tweet, which sold for $2.9M in March 2021, received a bid of 3.3 ETH, worth around $9.9K; the owner has seven days to accept — Crypto entrepreneur Sina Estavi bought Twitter founder Jack Dorsey's first ever tweet as an NFT for $2.9 million last year.| Jasmine Hicks / The Verge: |
Reddit updates its search to index comments, available globally on the web but not its apps, and improves natural language searches — The new rollout also comes with a refined search experience for desktop users on the platform — Today, Reddit is updating its search feature to index comments.| Kate Kaye / Protocol: |
A look at AI tools built by sales and customer service software companies like Uniphore and Sybill to detect human emotions, as Zoom unveils Zoom IQ for Sales — Virtual sales meetings have made it tougher than ever for salespeople to read the room. So, some well funded tech providers … | Matt Burgess / Wired: |
Ukraine, its allies, and hactivists have made public hundreds of gigabytes of files and millions of emails on the Russian state, including doxing Russian troops — Ukraine claims to have doxed Russian troops and spies, while' hacktivists are regularly leaking private information from Russian organizations.| Thomas Wilde / GeekWire: |
Amazon announces two mobile games for its Amazon Kids+ service, the first games published through Amazon Mobile since 2015 — Amazon is publishing two new mobile games through its Amazon Kids+ service, based on the original Amazon specials Super Spy Ryan and Do, Re & Mi.| Bloomberg: |
Source: Ava Labs, the lead developer of the Avalanche blockchain, is raising $350M at a $5.25B valuation — Ava Labs Inc., the lead developer of the Avalanche blockchain, is in the process of raising a new round of funding, according to people familiar with the discussions.| Bloomberg: |
Sources: Sequoia India's Shailendra Singh leaves fashion marketplace Zilingo's board, amid a probe into its accounting methods and suspension of CEO Ankiti Bose — Sequoia Capital India's Shailendra Singh has stepped down from the board of troubled Zilingo Pte following questions … | Ingrid Lunden / TechCrunch: |
DoControl, which develops no-code tools for cloud app log-ins, raises a $30M Series B led by Insight Partners — Cloud security is one of the big drivers among enterprises making IT investments this year, according to a recent report from Gartner, which estimated that some $4.4 trillion in IT spend overall in 2022.| Gartner: |
| Vishal Chawla / The Block: |
Terraform Labs, which runs the Terra blockchain and UST stablecoin, gifts 10M LUNA tokens, worth ~$880M, to the Luna Foundation Guard, likely to underpin UST — Quick Take — Terraform Labs said it ‘gifted’ 10 million ($880 million) worth of LUNA tokens to Luna Foundation Guard.| Kyle Alspach / VentureBeat: |
Obsidian Security, which helps companies secure SaaS apps, raises a $90M Series C led by Menlo Ventures, bringing its total funding to $119.5M — While businesses have embraced software-as-a-service (SaaS) in a massive way, the questions around how to best secure the use of data … | Josh Ye / Reuters: |
Tencent says it will shut down its service that lets Chinese gamers access overseas platforms to play unapproved foreign games starting May 31 — Tencent Holdings Ltd (0700.HK) said it will shut down a service that allowed Chinese gamers to access overseas platforms to play unapproved foreign games … | Bloomberg: |
Sources: the US Department of Commerce is investigating Synopsys, the biggest supplier of chip design software, for possibly passing key tech to Huawei and SMIC — Synopsys Inc., the biggest supplier of software used to design semiconductors, is under investigation by the U.S. Department …
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