| 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 … | 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 … | 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 … | 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 … | Wall Street Journal: |
Sources: Peter Thiel, Jack Dorsey, and others who disliked Twitter's direction pushed Elon 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.| 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 … | 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 … | Linda Sui / Strategy Analytics: |
Strategy Analytics: global smartphone shipments fell 11% YoY in Q1; Samsung led the market with a 24% share, a five-year high, and Apple had an 18% share — According to new research from Strategy Analytics, global smartphone shipments fell -11% YoY to 314 million units in Q1 2022.| 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 … | 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 … | Jay Peters / The Verge: |
Epic Games, which acquired Bandcamp in March, asks a court to bar the app's removal from the Play Store if it doesn't implement Google Play Billing by June — Epic opens a new line of assault against Google payments — Epic Games has filed a motion for a preliminary injunction to stop Google … | 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: |
| 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: |
| 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
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