May 6, 2022, 12:35 PM

Top News

Kanishka Singh / Reuters:
SEC says Nvidia has agreed to pay $5.5M to settle charges of “inadequate disclosures” concerning the impact of cryptomining on its gaming business in FY 2018  —  The U.S. Securities and Exchange Commission said Friday it had settled charges against technology company Nvidia Corporation …
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 …
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.
Source: SEC.govMore: Insider, BuzzFeed News, CoinDesk, New York Times, Bloomberg, New York Times, Finbold, Wall Street Journal, Financial Times, The Block, CoinQuora, The Information, Protocol, VICE, Bloomberg, Silicon Canals, SiliconANGLE, Protocol, Grit Capital, Bloomberg, TechCrunch, CoinDesk, DealStreetAsia, Forbes, Bitcoin News, The Hollywood Reporter, UPI, Junghoon's Direct Media …, Social Media Today, Reuters, The Register, The Mac Observer, Axios, CNN, Ars Technica, BBC,, Bloomberg, CNBC, San Francisco Business Journal, Channel Futures, iMore, Crunchbase News, iPhone in Canada Blog, Newser, Agence France-Presse, CNBC, Bloomberg, Bloomberg, Cryptopolitan, Bloomberg, Silicon Republic, TIME, Cointelegraph, RTÉ, CoinQuora, MarketWatch, The Irish Times, Financial Times, and The Week
Michael Bellusci / CoinDesk:
Block 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  —  Fintech and digital payments giant Block Inc. (SQ) reported first-quarter earnings that missed analyst expectations on Thursday after the close.Total Q1 revenue …
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.
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.
Sources say the UK is delaying Revolut's banking license over concerns about its crypto trading service and whether it can tackle money laundering and fraud  —  Nikolay Storonsky, once a championship swimmer in his native Russia, doesn't like to hang around in the slow lane.
Dan Strumpf / Wall Street Journal:
Sources: Chinese tech companies like Lenovo and Xiaomi are quietly pulling back from Russia; China's tech exports to Russia fell sharply from February to March  —  Firms are pulling back under pressure from U.S. sanctions and suppliers, but stay mum in face of warnings from Beijing

Sponsor Posts

Managing a Complex Multi-Cloud Environment Requires a Reliable Ecosystem  —  To avoid vendor lock-in and effectively manage your mission critical workload needs, you need a reliable ecosystem and architecture
New opportunities are waiting for you  —  Join 100,000+ entrepreneurs buying and selling startups on the world's #1 acquisition marketplace.  Expertly curated to match serious buyers with pre-vetted startups of all sizes.
30 minutes is all you need.  Change your business forever this MSME Day!  —  It's time to celebrate!  To all the small and medium business entrepreneurs across the globe - your day is here—MSME Day 2022!
The only headless CMS with a visual editor  —  Devs get the flexibility to build experiences for any frontend, while content creators need no coding skills to edit content independently.
Techmeme Ride Home:
Mon. 06/27 - Après Mai, Le Apple Déluge?
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.

About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:35 PM ET, May 6, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks

Natasha Mascarenhas / TechCrunch:
Ian Sherr / CNET:
Ian Sherr / CNET:
Stefanie Marotta / Bloomberg: