| Wall Street Journal: |
Sources: Peter Thiel, Jack Dorsey, and others who dislike Twitter's direction pushed Elon Musk to launch a bid; Musk remains dismayed that Trump is still banned — Behind the scenes, fellow billionaires and internet provocateurs bent Tesla CEO's ear; Jack Dorsey's role — Elon Musk unveils the Tesla Model Y in 2019.| Adam Serwer / The Atlantic: |
Right-wing users are celebrating Elon Musk buying Twitter not for his “free speech” promises but because he could make the platform serve their populist agenda — Conservatives on Twitter have greeted Elon Musk as a liberator. The mega-billionaire is in the process of purchasing … | CNBC: |
Filings: Elon Musk sold ~$8.4B worth of Tesla stock in the days after his bid to take Twitter private; on Thursday, Musk tweeted “No further TSLA sales planned” — - Elon Musk sold roughly $8.4 billion worth of Tesla shares in the days following his bid to take Twitter private … | Casey Newton / Platformer: |
At an all-hands, CEO Parag Agrawal acknowledged Twitter was vulnerable to a takeover since it had historically underachieved and asked staff to “embrace change” — CEO Parag Agrawal on five years of regrets — Late Thursday night, Twitter CEO Parag Agrawal announced the company … | Reuters: |
Sources: Elon Musk has a new Twitter CEO lined up and offered monetizing ideas, like charging websites for quoting or embedding tweets from verified accounts — 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 … | Tracy Qu / South China Morning Post: |
Sources: China plans to end its regulatory crackdown on the country's Big Tech companies and give internet platforms a bigger role to boost its ailing economy — A symposium involving Chinese Big Tech has been scheduled after the Labour Day holiday to assure business leaders on the new direction … | 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 partners for ad targeting — Amazon and third parties use data from smart speakers to sell you stuff, says report — A report released last week contends … | Issie Lapowsky / Protocol: |
Salesforce plans to extend California's Silenced No More Act protections, which limit the scope of NDAs, to all US employees in 2022, after shareholder pressure — Salesforce just became the latest tech giant to commit to limiting the scope of its non-disclosure agreements … | New York Times: |
Instacart plans a strategy shift to sell software to grocers and more ads in its app, trying to avoid becoming another pandemic boom company that has fizzled — The grocery delivery start-up parted ways with its founder, slashed its valuation and shifted its strategy after sales slowed.| Kevin Stankiewicz / CNBC: |
Intel CEO Pat Gelsinger says he expects “the overall semiconductor shortage will now drift into 2024” due to a lack of manufacturing equipment — - Intel's Pat Gelsinger now expects the semiconductor industry to suffer supply shortages until 2024.| Linda Sui / Strategy Analytics: |
Global smartphone shipments fell 11% YoY in Q1; Samsung had a 23.8% share, a five-year high, Apple had 18.2%, Xiaomi had 12.4%, Oppo had 9.5%, and Vivo had 8.1% — According to new research from Strategy Analytics, global smartphone shipments fell -11% YoY to 314 million units in Q1 2022.| Yueqi Yang / Bloomberg: |
Goldman Sachs starts offering a lending facility for cash loans collateralized by the borrower's bitcoin, accelerating Wall Street's embrace of cryptocurrencies — Goldman Sachs Group Inc. offered its first ever lending facility backed by Bitcoin, in a significant step for a major U.S. bank … | Jay Peters / The Verge: |
Epic Games, which acquired Bandcamp in March, asks a US court to bar Google from removing its app from the Play Store if it doesn't implement its IAP by June 1 — Epic opens a new line of assault against Google payments — Epic Games has filed a motion for a preliminary injunction … | Sebastian Herrera / Wall Street Journal: |
Insider Intelligence: Amazon has the largest market share of US e-commerce at ~39%, but it grew by just 0.2% in 2021 and 2022 so far, the slowest rate in years — Tech giant remains nation's leading online retailer, but signs of weakness have emerged recently| Business Wire: |
| 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.| Romain Dillet / TechCrunch: |
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