Techmeme
April 22, 2022, 4:01 AM

Top News

Lauren Feiner / CNBC:
In a speech on disinformation, Obama said social media firms' design choices contribute to polarization, and called for more transparency and Section 230 reform  —  - Former President Barack Obama criticized social media companies for contributing to polarization through design choices on their platforms.
Frank Chaparro / The Block:
Andreessen Horowitz launches a16z Crypto Research, a lab focused on Web3 breakthroughs that can contribute to deployable code, led by academic Tim Roughgarden  —  Venture capital giant Andreessen Horowitz (a16z) is diving deeper into the crypto market with the launch of a new academic lab dedicated …
Wall Street Journal:
Sources: Meta is reviewing whether COO Sheryl Sandberg pressured the Daily Mail in 2016 and 2019 into killing stories about her then-boyfriend Bobby Kotick  —  Social-media executive, who dated the Activision Blizzard CEO, was part of campaign to persuade the U.K. tabloid to shelve a potential article
New York Times:
Warner Bros. Discovery will shut down CNN+ on April 30, after its March 29 debut; sources: CNN+ had ~150K subscribers and was on pace to hit first-year goals  —  The new corporate owners of CNN are moving to end the new streaming service after a splashy debut.  —  In the end, CNN+ lasted less than a month.
Annie Palmer / CNBC:
Filing: Elon Musk has secured $46.5B to acquire Twitter, including $25.5B in debt financing via Morgan Stanley and other firms, and is exploring a tender offer  —  - Elon Musk is exploring whether to commence a tender offer for Twitter, according to a new securities filing.
Bloomberg:
Damien Wilde / 9to5Google:
Google plans to effectively block third-party call recording apps from the Play Store on May 11 after placing further restrictions to its Accessibility API  —  A new Google Play Store policy coming into force is set to block third-party call recording apps from the online storefront from May 11.
Ian King / Bloomberg:
Sources: SoftBank expects to retain a controlling stake in Arm and sell a smaller portion of shares than originally expected in Arm's planned IPO  —  SoftBank Group Corp. expects to retain a controlling stake in Arm Ltd. after the planned initial public offering of the chip business …
Kif Leswing / CNBC:
Snap reports Q1 revenue of $1.06B, up 38% YoY, vs. $1.07B est., global DAUs up 18% YoY to 332M vs. 330M est., and net loss up 25% YoY to $360M  —  - Snap missed Wall Street expectations for profit and sales when it reported first-quarter results on Thursday after the bell.
Laurie Clarke / MIT Technology Review:
Crypto investors are pushing for semi-autonomous economic zones in Central America, at the risk of repeating the region's long history of corporate colonialism  —  A new class of crypto investors have bold plans to rebuild society from scratch.  But their pet projects risk repeating the region's long history of corporate colonialism.
Nina Zdinjak / Benzinga:
Treez, a cloud commerce platform that powers retail and supply chain operations for the cannabis market, raises a $51M Series C at a $260M+ valuation  —  Seed-to-sale and cannabis retail software platform Treez completed a $51 million Series C funding at a valuation in excess of $260 million.
Taylor Soper / GeekWire:
Amazon announces a $1B Industrial Innovation Fund to back companies of all stages developing customer fulfillment, logistics, and supply chain technologies  —  Amazon on Thursday announced a new $1 billion venture fund that the tech giant will use to back companies of all stages developing …

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Earlier Picks

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MIT Technology Review:
Cobie:
Javier Espinoza / Financial Times: