| Wall Street Journal: |
Sources: PayPal Mafia members, Jack Dorsey, and others who disliked Twitter's direction pushed Musk to launch a bid; Musk is 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.| 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 … | 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 … | Kate Conger / New York Times: |
Inside Twitter, frustrations have mounted about Elon Musk's moderation plans, ahead of elections in Brazil and the midterm election in the US — Content moderators warn that Elon Musk doesn't appear to understand the issues that he and the company will face if he drops its guardrails around speech.| Eric Slivka / MacRumors: |
Apple says apps that haven't been updated in past three years and have low downloads will be removed from App Store, extends time to update from 30 to 90 days — Late last week, controversy erupted after Apple began notifying some developers that their apps that had not been updated … | 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.| 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 changed its leadership, slashed its valuation and shifted its strategy after sales slowed.| Ax Sharma / Wired: |
Hollywood's fight against VPN providers like ExpressVPN now goes beyond piracy, as a recent lawsuit alleges VPNs enable crimes like hacking, murder, and more — Beyond accusations of encouraging copyright infringement, film companies have begun accusing VPNs of enabling a slew of illegal activity.| Frederic Lardinois / TechCrunch: |
RelationalAI, which develops knowledge graphs for data-driven apps, raises a $75M Series B led by Tiger Global and adds ex-Snowflake CEO Bob Muglia to its board — RelationalAI, a startup that wants to change the way data-driven applications are built by combining a database system with a knowledge graph … | Meaghan Tobin / Rest of World: |
Despite SpaceX's global ambitions for Starlink, data shows 98% of users live in the West; many delays come down to regulatory challenges in markets like India — Despite global ambitions, Elon Musk's Starlink struggles to reach users outside North America and Europe.| The New Indian Express: |
Google begins work on a new campus spread over a 7.3 acre site in Hyderabad, India, which will be its largest campus outside its headquarters in Mountain View — The new campus prioritises sustainability and energy-efficiency throughout its design. Upon commissioning,| Kyle Wiggers / TechCrunch: |
Exafunction, which aims to reduce AI development costs by abstracting away hardware, raises a $25M Series A led by Greenoaks, with Founders Fund participating — The most sophisticated AI systems today are capable of impressive feats, from directing cars through city streets to writing human-like prose.| Business Wire: |
Amazon reports Q1 revenue up 7% YoY to $116.4B, $3.8B net loss vs. $8.1B net income in Q1 2021, and AWS revenue up 37% YoY; stock down 10%+ on weak Q2 guidance — SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2022.| Sebastian Herrera / Wall Street Journal: |
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| Business Wire: |