| Reuters: |
Sources: Elon Musk has lined up a new CEO for Twitter and told banks about ideas for monetizing tweets like charging a fee for quoting or embedding tweets — Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc (TWTR.N) that he could crack down on executive … | Adam Serwer / The Atlantic: |
Right-wing users are celebrating Elon Musk buying Twitter not because of his “free speech” promises but because of the right-wing populist agenda it could serve — Conservatives on Twitter have greeted Elon Musk as a liberator. The mega-billionaire is in the process of purchasing … | CNBC: |
Filings: Elon Musk sold roughly $8.4B worth of Tesla shares this week after agreeing to buy Twitter — - Elon Musk sold roughly $8.4 billion worth of Tesla shares in the days following his bid to take Twitter private, according to filings with the Securities and Exchange Commission.| Bloomberg: |
Sources: during Twitter deal negotiations, Elon Musk said he would be focused on the company's bottom line and floated the idea of cutting both costs and jobs — As he negotiated a $44 billion deal to acquire Twitter Inc., Elon Musk told bankers that he would be focused … | Tracy Qu / South China Morning Post: |
Sources: China is preparing to end the regulatory crackdown over big tech and give the sector a bigger role to help boost the ailing economy — A symposium involving Chinese Big Tech has been scheduled after the Labour Day holiday to assure business leaders on the new direction … | Business Wire: |
Apple reports Q2 revenue of $97.3B, up 9% YoY, $25B net income, up from $23.6B YoY, authorizes an additional $90B in share repurchases, and hikes dividend by 5% — Revenue up 9 percent to new March quarter record — Services revenue reaches new all-time high| Kif Leswing / CNBC: |
| Reuters: |
| Devin Coldewey / TechCrunch: |
Airbnb says its employees can work from home or the office moving forward and their compensation won't change if they move, unless it's to a different country — Airbnb is going all in on the “live anywhere, work anywhere” philosophy that much of the business world has been forced to adopt … | Jennifer Pattison Tuohy / The Verge: |
Report finds Amazon and third parties collect data from interactions with Alexa through Echo speakers and share it with as many as 41 advertising partners — Amazon and third parties use data from smart speakers to sell you stuff, says report — A report released last week contends … | Sebastian Herrera / Wall Street Journal: |
Insider Intelligence: while Amazon has 39% share of US e-commerce market, it grew by just 0.2% in 2021 and so far in 2022, the slowest rate in years — Tech giant remains nation's leading online retailer, but signs of weakness have emerged recently — Amazon.com AMZN -12.05%▼ … | Business Wire: |
| Annie Palmer / CNBC: |
| Yueqi Yang / Bloomberg: |
Goldman Sachs has extended its lending service to offer cash loans using Bitcoin as collateral, signalling Wall Street is further embracing cryptocurrencies — Goldman Sachs Group Inc. offered its first ever lending facility backed by Bitcoin, in a significant step for a major U.S. bank … | Kate Clark / The Information: |
Sources: Palmer Luckey's AI-powered defense tech startup Anduril is raising a $500M-$1B Series E at a $7B valuation, up from $4.6B about a year ago — Anduril Industries, a startup that sells artificial intelligence-powered defense technology, is raising capital that could propel … | Wall Street Journal: |
Sources: online used-car marketplace Carvana, which saw its shares drop ~30% in recent weeks, was forced to sell half of its bonds to Apollo Global for $1.6B — Online used-car retailer was spurned by lenders to fund deal — Carvana Co. 's financial troubles spilled over into debt markets … | Linda Sui / Strategy Analytics: |
| Aisha Malik / TechCrunch: |
Snap partners with Live Nation to launch AR experiences built into concerts and festivals, starting with the Electric Daisy Carnival in Las Vegas in May — Snap is partnering with Live Nation to enhance the experience of going to concerts and festivals via its AR technology.| Alex Hern / The Guardian: |
| Romain Dillet / TechCrunch: |
| Romain Dillet / TechCrunch: |
| Jesse Pound / CNBC: |
Robinhood reports Q1 revenue down 43% YoY to $299M, vs. $355.8M est., net loss of $392M, down from $1.4B YoY, 15.9M MAUs, down from 17.7M YoY — Retail brokerage firm Robinhood reported a wider-than-expected loss and shrinking revenue for the first quarter, showing signs that the small-dollar trading boom …
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