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May 5, 2022, 9:40 AM
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| Financial Times: |
Filing: Elon Musk secures $7.14B for his Twitter bid from Larry Ellison, Binance, Sequoia, a16z, Saudi Prince Alwaleed, Fidelity, and others; Ellison gives $1B — Tesla chief raises $7bn from new investors for takeover of social media platform — Elon Musk has revealed that he has raised $7.14bn …
Source:
SEC.gov. More:
CoinDesk, Wall Street Journal, The Block, TechCrunch, Protocol, Axios, The Hollywood Reporter, Insider, Reuters, Cointelegraph, Bloomberg, Livemint, CoinQuora, Bloomberg, MarketWatch, and New York Post
Tweets: @bhorowitz, @markdistef, @alwaleed_talal, @markdistef, @cz_binance, @karlbode, @carnage4life, @bhorowitz, @bhorowitz, @bhorowitz, @silvermanjacob, @shaig, @vladsavov, @patrickw, @ericjackson, @thedomino, @jsphctrl, @macaesbruno, @tonyfratto, @pekingmike, @loudmouthjulia, @loudmouthjulia, @dearsarah, @muradahmed, @peter_tl, @sridinats, @binance, @danprimack, @danprimack, @firstadopter, @danprimack, and @ivanthek
| Annie Palmer / CNBC: |
Sources: Elon Musk is expected to serve as the temporary CEO of Twitter after his acquisition — - Elon Musk is expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media company, according to CNBC's David Faber.
More:
Decrypt and BGR India
Tweets: @teroterotero, @sivavaid, @sam_l_shead, @mattrosoff, @alexhern, and @jyarow
| Edwin Chan / Bloomberg: |
Filing: Elon Musk's new $7.14B in equity financing for Twitter, which includes investment from Qatar, reduces the margin loan from $12.5B to $6.25B — Elon Musk has secured about $7.1 billion of new financing commitments for his proposed $44 billion takeover of Twitter Inc., the company said in a filing Thursday.
More:
Reuters, Protocol, Variety, New York Post, Fortune, CNBC, and Axios
Tweets: @petermccormack, @parkermolloy, @sociogeeks_, @jonrussell, @samcarvalho, @danprimack, @compound248, and @garyblack00
| Ian Sherr / CNET: |
Apple, Google, and Microsoft announce plans to adopt features from the FIDO Alliance, which is working on passwordless tech for websites and apps — Ian Sherr — Ian Sherr (he/him/his) grew up in the San Francisco Bay Area, so he's always had a connection to the tech world.| Richard Lawler / The Verge: |
Google acquires Raxium, which makes MicroLED displays well-suited for AR and VR; Raxium says its tech is 5x more energy efficient than the previous world record — Raxium claims its display tech is five times more efficient than the current world record holder
More:
The Keyword, UploadVR, Road to VR, Silicon Republic, Computerworld, Engadget, The Information, The Economic Times, TechCircle, 9to5Google, SiliconANGLE, timetotimes.com, Webficar, and All
Tweets: @gkraenergy, @scobleizer, and @mugofpaul
| Nicole Sganga / CBS News: |
Cybereason: China-linked Winnti APT exfiltrated hundreds of GBs of IP in a cyber campaign targeting ~30 companies in North America, Europe, and Asia since 2019 — A yearslong malicious cyber operation spearheaded by the notorious Chinese state actor, APT 41, has siphoned off an estimated trillions …
Source:
Cybereason and Cybereason. More:
The Record, CNN, Security Affairs, PRWeb, The Register, Security Magazine, Bob's Newsletter, Dark Reading, and The Hill
Tweets: @johnhemmings2, @cybereason, @cbsnews, @nicolesganga, @780thc, and @campuscodi
| Casey Newton / Platformer: |
At Wednesday's Senate hearing, CrowdTangle's Brandon Silverman and other researchers explained why the US needs laws requiring Big Tech companies to share data — Everyone wants answers about social networks. These experts know where to look — On Wednesday, Congress was treated …
More:
Committee on the Judiciary, Committee on the Judiciary, and Protocol
Tweets: @j_a_tucker, @lauraedelson2, @noupside, @aricohn, @chriscoons, @kellykborn, @kantrowitz, @caseynewton, @jason_kint, @jason_kint, @klonick, and @jason_kint
| Jordan Novet / CNBC: |
Meta plans to slow hiring amid record low revenue growth; source: Meta paused entry-level hiring and plans to stop or slow hiring for mid-level and senior roles — - Facebook's parent company sees challenges ahead because of Apple's privacy changes, the war in Ukraine and broad macroeconomic shifts.
More:
MacRumors, AppleInsider, Insider, Insider, 9to5Mac, Insider, Protocol, Bloomberg, iMore, Engadget, Fossbytes, The Daily Beast, Livy's Newsletter, Metro US, and Wall Street Journal
Tweets: @narmacnetworth, @robaeprice, @jordannovet, @tedkempcnbc, @brianclong, @shiraovide, @alexrashkov, @worldnews24eu, and @robaeprice
| Chris Welch / The Verge: |
Sources: Sonos plans to launch a voice assistant for playing music in the US on June 1 that supports Apple Music, Amazon Music, Pandora, Deezer, and Sonos Radio — Sonos will roll out its most important service yet on June 1st — Sonos is preparing to introduce its own voice assistant service within …
More:
XDA Developers, Techhive.com, NextPit, iMore, Voicebot.ai, Pocketnow, Pocket-lint, The Overspill, t3.com, Phandroid, Gizmodo, MobileSyrup, SlashGear, iClarified, and Digital Trends
Tweets: @maxwinebach, @pierce, and @richontech
| Kris Holt / Engadget: |
AMD launches several C-series Ryzen 5000 CPUs for Chromebooks, starting with the Acer Chromebook Spin 514, HP Elite c645 G2 Chromebook, and others — AMD has at last made chips with its Zen 3 architecture for higher-end Chromebooks. It created several C-series Ryzen 5000 processors that are designed for Chrome OS.
More:
The Verge, The Verge, PCMag, 9to5Google, XDA Developers, and Gizmodo
| Luke Taylor / Rest of World: |
Survey of 1,800 households in El Salvador shows 61% have abandoned the Chivo bitcoin wallet after withdrawing a free $30 sign-up bonus — Those who stayed are not on the Chivo app for what was intended, using it to keep their dollars safe rather than for crypto. — • BOGOTÁ, COLOMBIA
Tweets: @antoniocasilli, @cengizyar, @mikebutcher, and @steve_hanke
| Janko Roettgers / Protocol: |
Cameo lays off 87 staff; source says CTO Rob Post, marketing exec Emily Boschwitz, CPO Nundu Janakiram, and Chief People Officer Melanie Steinbach have gone — Cameo, the celebrity video greetings startup, laid off 87 of staffers Wednesday, a move that CEO Steven Galanis described as “right-sizing.”
More:
The Verge, Chicago Business Journal, TechSpot, TechCrunch, Variety, The Information, The Economic Times, and Engadget
Tweets: @mr312, @lucasmtny, @jank0, @shreya_sud, @caseynewton, @thebenbergman, @iamtherog, @tcarmody, @lizperle, @rmac18, @protocol, @carnage4life, @conorsen, and @lucasmtny
| Sergiu Gatlan / BleepingComputer: |
IC3 says there were 241K+ reports of business email compromise scams globally from June 2016 to July 2019, totaling $43B+ in actual and attempted losses — The Federal Bureau of Investigation (FBI) said today that the amount of money lost to business email compromise (BEC) …
More:
IC3.gov News, Infosecurity, SecurityWeek, The Record, and PCMag
Tweets: @fbitampa, @adam_k_levin, and @sonicwall
| Bloomberg: |
Sources: in a meeting, Twitter's VP of product appealed to a sense of community to persuade skeptical staff to stay under Musk; one slide asked: “Why Bother?” — At a Twitter Inc. staff meeting Wednesday morning, the first slide of a presentation asked a question on the minds of many employees: “Why Bother?”
Tweets: @sarahfrier
| Sarah Perez / TechCrunch: |
More:
Twitter for Business, Insider, Hollywood Reporter, and Reuters
Tweets: @accountabletech, @tsgiles, @lmoses, and @ggreenwald
| Joe Warminsky / The Record: |
The White House instructs federal agencies to increase preparations in the next six months for quantum computers capable of breaking public-key cryptography — A memorandum issued Wednesday by President Joe Biden orders federal agencies to ramp up preparations for a day when quantum computers …
Source:
The White House. More:
The Register, National Security …, SC Media, TechRadar, and HPCwire
Tweets: @jgamblin, @philliplarson, @alondranelson46, @alexhern, @alexhern, and @matthew_d_green
| Stephen Totilo / Axios: |
NYC employees' pension funds sue Activision Blizzard, alleging CEO Bobby Kotick rushed the Microsoft deal to escape liability for misconduct at his company — Activision CEO Bobby Kotick rushed to secure a takeover bid from Microsoft in order to escape liability for misconduct at the company …
More:
PCMag, Rock, Paper, Shotgun, ExchangeWire.com, PC Games Insider, Pocket Gamer.biz, SiliconANGLE, TheGamer, Insider, New York Times, CNN, Wccftech, Polygon, Input, and PC Gamer
Tweets: @stephentotilo, @gibiz, @nickstatt, @drwallkick, and @hoeglaw
| Stefanie Marotta / Bloomberg: |
Shopify reports Q1 revenue rose 22% YoY to $1.2B, below expectations, as GMV grew 16% YoY to $43.2B; Shopify will acquire Deliverr for $2.1B; stock drops 14%+ — Shopify Inc. dropped as much as 16% after it missed analysts' estimates for revenue and profit and announced the largest acquisition …
More:
TechCrunch, Shopify, and CNBC
| Adi Robertson / The Verge: |
Twitter's open source Bluesky unit releases early code for a decentralized social network protocol, dubbed Authenticated Data Experiment, for developers to test — It's called the Authenticated Data Experiment — Bluesky, Twitter's open-source offshoot, has released early code for a decentralized social network protocol.
More:
Fossbytes, Bluesky, Telecoms.com, Slashdot, and GitHub
Tweets: @bluesky, @bluesky, @bluesky, @emresokullu, @jeanburgess, and @jeanburgess
| Natasha Lomas / TechCrunch: |
Iceland-based Sidekick Health, which offers a gamified, digital-first care service, raises a $55M Series B led by Novator Ventures — Digital therapeutics plus pills? Iceland's Sidekick Health has developed a gamified digital care platform that's designed to support healthcare outcomes …
More:
Tech.eu, ArcticStartup, Asabys, Fierce Biotech, and MobiHealthNews
| Katie Hafner / New York Times: |
David Walden, who helped build the Interface Message Processor that switched data among computers using the Arpanet, the precursor to the internet, died at 79 — In 1969, he was part of a team of young engineers who built the first machine to switch data among computers using the Arpanet, the precursor to the internet.
Tweets: @philiped and @nytimestech
| Anna Gross / Financial Times: |
Ukrainian officials say Russia has taken over internet infrastructure in the Donbas region, rerouting traffic to Russia-controlled operators — Rerouting traffic to Russia-controlled regions makes Ukrainians' data vulnerable to interception and censorship by the Kremlin
More:
Silicon Republic
| Ingrid Lunden / TechCrunch: |
Stripe launches Financial Connections to let its customers pull their users' banking data directly, debuting first in the US for $0.10 to $1.50 per API call — Stripe, the payments behemoth valued at $95 billion a year ago and now reportedly inching closer to an IPO, today announced …
More:
Finextra, PYMNTS.com, Silicon Republic, AltFi, Stripe, LendIt Fintech News, American Banker, and TechCrunch
Tweets: @zachperret, @pitdesi, @jay_ssh, @disruptepreneur, @jimmarous, @zachtratar, @cjc, @jmover, @typicalvc, @gergelyorosz, @bigbrutha_, @katie_roof, @alanmeaney, @spakhm, @triketora, @jmover, and @alex
| Benjamin Pimentel / Protocol: |
Governor Newsom signs an EO to “create a transparent regulatory and business environment for Web3 companies”, directing state agencies to recommend next steps — California, home to crypto powerhouses like Coinbase and Ripple, is taking Web3 more seriously.
More:
California Governor, CNBC, Bitcoin Magazine, and CryptoPotato
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