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May 6, 2022, 8:25 AM
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| Dan Primack / Axios: |
Filing: Elon Musk raises $7.14B for his Twitter bid from Saudi Prince Alwaleed, Larry Ellison, Sequoia, VyCapital, Binance, a16z, and others; Ellison gives $1B — Elon Musk on Thursday disclosed a group of co-investors in his Twitter takeover. The names are impressive, but most of their check sizes aren't.
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Tweets: @alwaleed_talal, @bhorowitz, @bhorowitz, @petermccormack, @rmac18, @markdistef, @markdistef, @bhorowitz, @mikeisaac, @cz_binance, @bigblackjacobin, @digg, @kurtwagner8, @seldo, @danprimack, @maggienyt, @jack, @arashmassoudi, @bhorowitz, @binance, @katie_roof, @mmasnick, @ryangrim, @eringriffith, @alexstamos, @danprimack, @pt, @noupside, @mattbc, @mehdirhasan, @rschooley, @tomaxwell, @alexstamos, @moorehn, @taylorlorenz, @benwerd, @rmac18, @sarahfrier, @benedictevans, @mmasnick, @mcnees, @carnage4life, @tonyfratto, @anildash, @loganbartlett, @teresa_longwell, @mattturck, @maxkennerly, @gartenberg, @danprimack, @ryan_browne_, @alex, @kantrowitz, @teroterotero, @karlbode, @carnage4life, @silvermanjacob, @coloradotravis, @shaig, @vladsavov, @patrickw, @ericjackson, @thedomino, @jsphctrl, @macaesbruno, @pekingmike, @nkulw, @loudmouthjulia, @loudmouthjulia, @dearsarah, @muradahmed, @peter_tl, @sridinats, @danprimack, @firstadopter, @ivanthek, and @danprimack
| New York Times: |
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| 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 …
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The Verge, Benzinga, Australian Financial Review, The Age, The Terminal, CNET, The Overspill, CNBC, SiliconANGLE, The Guardian, and The Register
Tweets: @andymstone, @jason_kint, @bethblackshire, @juliapowles, @donie, @stalruth, @francesmao, @donie, @anthony, @jason_kint, @asymco, @wbaidlaw, @anildash, @drewpusateri, @jason_kint, @manjusrii, @aaschapiro, @jasonpjason, @anthony, @zaidjilani, @jason_kint, @jeffhorwitz, @jeffhorwitz, @mikeelgan, @sophiemcneill, @jason_kint, @jason_kint, @jason_kint, @jason_kint, @jason_kint, @jesselehrich, @lauraedelson2, and @reaganbrad
| Ian Sherr / CNET: |
Microsoft partners with Epic to offer Fortnite for free through Xbox Cloud Gaming, with or without a subscription, across Android, iOS, iPadOS, and Windows PCs — The tech giant is experimenting with offering free-to-play games through its streaming service.
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YouTube, Xbox Wire, GamesIndustry.biz, The Verge, Philip Elmer‑DeWitt, Rock, Paper, Shotgun, Android Headlines, MacRumors, Protocol, TechRadar, iPhone in Canada Blog, Gizmodo, TechEBlog, iDownloadBlog.com, iMore, AppleInsider, 9to5Mac, OnMSFT.com, BigTechWire, and Polygon
Tweets: @timsweeneyepic, @xbox, @starfire2258, @tomwarren, @satyanadella, @tomwarren, @zacbowden, @jamescz19, @udiwertheimer, @avoblackfyre, @bdsams, @firt, @timsweeneyepic, @dankvr, @slightlylate, @pathedger18, @bdsams, @slightlylate, @tomwarren, and @wario64. Thanks:@iansherr
| Michael Bellusci / CoinDesk: |
Block reports Q1 revenue down 22% YoY to $3.96B, vs. $4.1B est., profit up 34% YoY to $1.29B, and Cash App bitcoin revenue down 51% YoY to $1.73B; stock up 5%+ — Fintech and digital payments giant Block Inc. (SQ) reported first-quarter earnings that missed analyst expectations on Thursday … | Aislinn Keely / The Block: |
The CFTC orders BitMEX's three cofounders to pay $10M each for not registering with the agency, and failing to implement anti-money laundering and KYC checks — The Commodity Futures Trading Commission (CFTC) has hit the founders of crypto exchange BitMEX with a total of $30 million in civil monetary penalties.
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Bloomberg, Reuters, CFTC, CFTC, Coinspeaker, CryptoPotato, CryptoSlate, Cointelegraph, Crowdfund Insider, and Decrypt
| MK Manoylov / The Block: |
Untamed Planet, which uses Roblox to create nature-themed games incorporating NFTs, raises a $24.3M Series A led by Animoca Brands — Untamed Planet, a blockchain-based gaming startup, raised $24.3 million in a Series A funding round led by Animoca Brands.| Bloomberg: |
Sources: China has ordered government agencies and state-backed companies to replace foreign PCs with domestic ones running local OSes in two years — China has ordered central government agencies and state-backed corporations to replace foreign-branded personal computers with domestic alternatives within … | Jordan Novet / CNBC: |
Amazon stock closes down ~8%, Meta ~7%, Apple ~6%, Alphabet ~5%, and Microsoft ~4% as a Big Tech selloff pushes the Nasdaq to its steepest drop since June 2020 — - Cloud and e-commerce stocks were among the biggest losers on Thursday on disappointing earnings reports and after the U.S. central bank raised interest rates.
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Philip Elmer‑DeWitt, Financial Times, Bloomberg, Financial Times, Crain's New York Business, The Motley Fool, Deadline, Variety, StockNews.com, Fox Business, Insider, and TheStreet
Tweets: @rustybrick, @pkedrosky, and @kritiguptanews
| James Clayton / BBC: |
The UK's DCMS plans to give the Digital Markets Unit powers to clamp down on Big Tech's “predatory practices”, following reports the UK shelved such plans — Large tech companies such as Google and Facebook will have to abide by new competition rules in the UK or risk facing huge fines, the government said.
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9to5Mac, The Guardian, and Global Competition Review
Tweets: @jamesclayton5 and @jamesclayton5
| Reuters: |
Pachama, which uses AI and remote sensing to verify forest carbon credits, raises a $55M Series B led by Future Positive — Nature-based carbon credit platform Pachama said on Thursday it had raised $55 million in a funding round led by venture capital firm Future Positive and backed … | Aditya Kalra / Reuters: |
Sources: An Indian court puts a hold on the Enforcement Directorate's decision last week to seize $725M of Xiaomi's local assets — An Indian court has put on hold a federal enforcement agency's decision to seize $725 million from local bank accounts of China's Xiaomi Corp (1810.HK) … | Mikhail Klimentov / Washington Post: |
Some former and current staff of esports companies TSM and Blitz allege workplace abuse and a “culture of fear” fostered by their CEO Andy Dinh — In March of 2021, employees at the esports organization TSM were summoned to a virtual all-hands meeting to discuss the termination … Sponsor Posts
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