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May 5, 2022, 2:35 PM
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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 to help fund his takeover of social media platform
Source:
SEC.gov. More:
Bloomberg, Wall Street Journal, Protocol, Bloomberg, CoinDesk, PYMNTS.com, The Block, TechCrunch, Crunchbase News, The Hollywood Reporter, Agence France-Presse, Forbes, Ars Technica, The Economic Times, Reuters, New York Times, BBC, Bloomberg, Bloomberg, Bloomberg, Channel Futures, CNBC, iPhone in Canada Blog, Newser, Bloomberg, CNBC, CoinQuora, The Irish Times, and MarketWatch
Tweets: @bhorowitz, @markdistef, @alwaleed_talal, @markdistef, @bhorowitz, @cz_binance, @bhorowitz, @danprimack, @kurtwagner8, @taylorlorenz, @bigblackjacobin, @benwerd, @rmac18, @sarahfrier, @benedictevans, @mmasnick, @binance, @mcnees, @arashmassoudi, @carnage4life, @muradahmed, @ericjackson, @coloradotravis, @peter_tl, @danprimack, @firstadopter, @thedomino, @nkulw, @shaig, @carnage4life, @bhorowitz, @loganbartlett, @jsphctrl, @karlbode, @danprimack, @dearsarah, @silvermanjacob, @ryan_browne_, @maxkennerly, @gartenberg, @teresa_longwell, @teroterotero, @kantrowitz, @loudmouthjulia, @patrickw, @macaesbruno, @tonyfratto, @anildash, @sridinats, @vladsavov, @loudmouthjulia, @pekingmike, @mattturck, @alex, @danprimack, and @ivanthek
| Annie Palmer / CNBC: |
Sources: Elon Musk is expected to serve as the temporary CEO of Twitter for a few months after he completes his $44B takeover of the company — - 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.
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VICE, SiliconANGLE, The Verge, TheStreet, Financial Times, San Francisco Business Journal, New York Post, UPI, CNET, Barron's Online, iMore, NBC News, Electrek, and Axios
Tweets: @sjvn, @carnage4life, @ebdawn_, @drjengunter, @lorakolodny, @dcherring, @teroterotero, @jyarow, @mattrosoff, @sam_l_shead, @sivavaid, @alexhern, and @teroterotero
| 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.
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Gizmodo, Silicon Republic, Axios, Financial Times, Reuters, CNBC, Reuters, Protocol, Variety, Cointelegraph, Cryptopolitan, Fortune, New York Post, and RTÉ
Tweets: @petermccormack, @samcarvalho, @jonrussell, @omartamo19, @danprimack, @sociogeeks_, @compound248, @parkermolloy, 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.
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FIDO Alliance, Apple, The Keyword, The Verge, Microsoft Tech Community, Ars Technica, Protocol, PCWorld, HotHardware.com News, MacRumors, Cybersecurity Dive, Telegraph, Thurrott, The Record, AppleInsider, TechCrunch, Silicon Republic, Philip Elmer‑DeWitt, PYMNTS.com, iPhone Hacks, Livemint, BleepingComputer, MacStories, OnMSFT.com, BigTechWire, VentureBeat, Engadget, Android Police, 9to5Google, iDownloadBlog.com, ZDNet, iMore, 9to5Mac, Tom's Guide, TechPP, Digital Trends, Apple Must, and iClarified
Tweets: @mrisher, @argvee, @reneritchie, @azuread, @cisajen, @johnwilander, @rmondello, @k8em0, @can, @blowdart, and @robleathern
| Ian Sherr / CNET: |
Microsoft partners with Epic to offer Fortnite for free through Xbox Cloud Gaming, with or without a subscription, across mobile, desktop, and console — The tech giant is experimenting with offering free-to-play games through its streaming service. — Ian Sherr
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Xbox Wire, YouTube, MacRumors, Protocol, HotHardware.com News, 9to5Google, The Verge, XDA Developers, AppleInsider, 9to5Mac, Thurrott, Engadget, Windows Central, BGR, Neowin, Gameranx, iMore, Video Games Chronicle, Polygon, and Slashdot
Tweets: @xbox, @timsweeneyepic, @tomwarren, @satyanadella, @tomwarren, @tomwarren, and @wario64. Thanks:@iansherr
| Wall Street Journal: |
Whistleblowers: Meta deliberately took down Pages for hospitals and other Australian institutions in 2021 as a negotiating tactic over the news bargaining law — When Facebook blocked news pages last year to pre-empt Australian legislation that would force it to pay for content … | New York Times: |
Elon Musk's stated disdain for ads will be difficult to square with Twitter's business model, as ad execs express a willingness to move spending elsewhere — Many marketers were already lukewarm on the service. Now, some may move their money elsewhere if the content moderation policies are relaxed.
More:
The Information, TheStreet, AdExchanger, and Eli Levi's Newsletter
Tweets: @intelwire, @slpng_giants, @tiffkhsu, @bmorrissey, and @kateconger
| Sarah Perez / TechCrunch: |
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Twitter for Business and Hollywood Reporter
Tweets: @accountabletech, @tsgiles, @lmoses, and @ggreenwald
| 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, Tech Policy Press, Committee on the Judiciary, and Android Headlines
Tweets: @j_a_tucker, @lauraedelson2, @noupside, @chriscoons, @kantrowitz, @klonick, and @caseynewton
| 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 10%+ — Shopify Inc. shares plunged to the lowest since April 2020 after it missed analysts' profit estimates and announced the largest acquisition …
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Shopify, BetaKit, TechCrunch, TheStreet, Fortune, Crunchbase News, Financial Times, Protocol, CNBC, TechCrunch, and Reuters
Tweets: @dee_bosa, @kantrowitz, @juokaz, @brandonmchu, @dennishegstad, @tobi, @mjackson, @harleyf, @skanwar, @ecommerce, @shopify, @shopify, and @tobi
| Jeff John Roberts / Decrypt: |
Zora, which offers an open-source NFT marketplace protocol, raises a $50M seed at a $600M valuation led by Katie Haun's new fund — In December, the high-flying crypto investor Katie Haun roiled the crypto world by announcing she was leaving Andreessen Horowitz to launch her own $1.5 billion venture fund.| 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:
Tom's Hardware, DCD, ZDNet, The Register, National Security …, and SecurityWeek
Tweets: @jgamblin, @tomgara, @philliplarson, @matthew_d_green, @alexhern, @alondranelson46, and @alexhern
| 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, PYMNTS.com, The Information, UploadVR, Road to VR, PhoneArena, Android Central, TechCircle, Android Headlines, and Engadget
Tweets: @joshua_sisco, @kfury, @gkraenergy, and @mugofpaul
| 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
| 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) … | Joshua Bote / SFGATE: |
| 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.
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CRN, The Verge, The Verge, Gizmodo, PCMag, PCWorld, TechRadar, HotHardware.com News, Neowin, 9to5Google, XDA Developers, Gizmodo, and Liliputing
| 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:
The Register, Bluesky, Finbold, Slashdot, Telecoms.com, Fossbytes, and GitHub
Tweets: @bluesky, @arcalinea, @bluesky, @bluesky, @emresokullu, @jeanburgess, and @jeanburgess
| Devin Coldewey / TechCrunch: |
Curebase, which provides software and hardware for clinical trials, raises a $40M Series B — The medical world has come a long way from the traditional, centralized way of conducting clinical trials, but there's still a lot of modernization left to do. Curebase provides the infrastructure … | 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:
FinSMEs, Tech.eu, Fierce Biotech, MobiHealthNews, Asabys, and ArcticStartup
| Tanaya Macheel / CNBC: |
Luna Foundation Guard acquires $1.5B in bitcoin to bolster the reserves of US Terra, its most popular stablecoin, bringing its bitcoin holding to ~$3.5B — The Luna Foundation Guard has acquired $1.5 billion in bitcoin to bolster the reserves of its most popular stablecoin, known as U.S. Terra.| Bloomberg: |
US-based MaxLinear, which makes chips for broadband systems, will buy Taiwan's Silicon Motion, which makes NAND flash controllers for SSD devices, for $3.8B — MaxLinear Inc., a maker of chips for broadband communications, agreed to acquire Silicon Motion Technology Corp. in a cash … Sponsor Posts
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