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May 6, 2022, 2:25 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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SEC.gov. More:
BuzzFeed News, Wall Street Journal, New York Times, VICE, SiliconANGLE, Bloomberg, The Hollywood Reporter, Forbes, Financial Times, UPI, The Information, Axios, New York Times, Bloomberg, BBC, Ars Technica, DealStreetAsia, Reuters, CryptoSlate, The Mac Observer, Bitcoin News, Bitcoinist.com, CNN, Junghoon's Direct Media …, PYMNTS.com, CNBC, Bloomberg, San Francisco Business Journal, and Channel Futures
Tweets: @alwaleed_talal, @bhorowitz, @bhorowitz, @markdistef, @markdistef, @mikeisaac, @rmac18, @bhorowitz, @cz_binance, @bigblackjacobin, @kurtwagner8, @danprimack, @jack, @seldo, @maggienyt, @arashmassoudi, @binance, @bhorowitz, @katie_roof, @mmasnick, @benwerd, @ryangrim, @taylorlorenz, @eringriffith, @mcnees, @carnage4life, @loganbartlett, @alexstamos, @karlbode, @danprimack, @sarahfrier, @danprimack, @silvermanjacob, @pt, @ryan_browne_, @maxkennerly, @mmasnick, @gartenberg, @teresa_longwell, @rmac18, @noupside, @teroterotero, @kantrowitz, @mattbc, @carnage4life, @benedictevans, @tonyfratto, @mehdirhasan, @anildash, @rschooley, @tomaxwell, @mattturck, @alex, @alexstamos, @moorehn, @coloradotravis, @shaig, @vladsavov, @patrickw, @ericjackson, @thedomino, @jsphctrl, @macaesbruno, @pekingmike, @nkulw, @loudmouthjulia, @loudmouthjulia, @dearsarah, @muradahmed, @peter_tl, @sridinats, @danprimack, @firstadopter, @ivanthek, and @danprimack
| 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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The Verge, Reuters, The Economic Times, Bloomberg, Benzinga, crypto.news, The Register, New York Post, Deadline, Social Media Today, Android Headlines, Financial Times, Mashable India business, and Android Central
Tweets: @teroterotero, @jyarow, @mattrosoff, @drjengunter, @carnage4life, @sam_l_shead, @sivavaid, @lorakolodny, @alexhern, @dcherring, @sjvn, @teroterotero, @mattgoldich, @adetolaov, and @ebdawn_
| New York Times: |
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Insider, Input, Forbes, and Social Media Today
Tweets: @tiffkhsu, @kateconger, @slpng_giants, @intelwire, @bmorrissey, and @digitalshields
| Edwin Chan / Bloomberg: |
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Reuters, CNBC, Financial Times, and Gizmodo
Tweets: @petermccormack, @omartamo19, @parkermolloy, @sociogeeks_, @jonrussell, @samcarvalho, @danprimack, @compound248, and @garyblack00
| 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 …
More:
The Register, SiliconANGLE, The Overspill, The Terminal, CNET, and The Age
Tweets: @andymstone, @bethblackshire, @stalruth, @jason_kint, @donie, @anthony, @jason_kint, @asymco, @wbaidlaw, @anildash, @jason_kint, @jason_kint, @drewpusateri, @jesselehrich, @reaganbrad, @jason_kint, @manjusrii, @donie, @lauraedelson2, @anthony, @jason_kint, @jason_kint, @jason_kint, @jason_kint, @jeffhorwitz, @juliapowles, and @jeffhorwitz
| 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.
More:
YouTube, Xbox Wire, MacRumors, Protocol, TechRadar, BGR India, The Verge, Android Central, iDownloadBlog.com, Gizmodo, iPhone in Canada Blog, TechEBlog, iMore, AppleInsider, 9to5Mac, OnMSFT.com, BigTechWire, and Engadget
Tweets: @xbox, @timsweeneyepic, @tomwarren, @starfire2258, @jamescz19, @dankvr, @satyanadella, @tomwarren, @zacbowden, @tomwarren, @udiwertheimer, @avoblackfyre, @bdsams, @firt, @timsweeneyepic, @slightlylate, @wario64, @pathedger18, @bdsams, and @slightlylate. Thanks:@iansherr
| Ian Sherr / CNET: |
Apple, Google, and Microsoft plan to offer the FIDO Alliance's passwordless tech on websites and apps, using fingerprint readers, face scanners, and smartphones — What's happening — Why it matters — What it means for you — If Apple, Google and Microsoft have their way …
More:
FIDO Alliance, Apple, The Keyword, The Verge, Microsoft Tech Community, Microsoft Security Blog, Dark Reading, BleepingComputer, Tech.co, BGR India, AppleInsider, CIO.com, TechSpot, Daring Fireball, Android Headlines, Gizmodo, TechCrunch, iPhone Hacks, PCWorld, HotHardware.com News, and MacStories
Tweets: @cisajen, @mrisher, @k8em0, @can, @emilykager, @thorsheim, @azuread, @troyhunt, @blowdart, @johnwilander, @rmondello, @robleathern, @argvee, and @reneritchie
| 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.
More:
Bloomberg, CryptoSlate, CFTC, 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.| 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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Financial Times, Bloomberg, The Motley Fool, Crain's New York Business, Deadline, StockNews.com, TheStreet, Variety, Fox Business, and Insider
Tweets: @rustybrick, @pkedrosky, and @kritiguptanews
| Jeff John Roberts / Decrypt: |
Zora, which offers an open-source NFT marketplace protocol, raises a $50M seed at a $600M valuation led by Haun Ventures, Katie Haun's new crypto 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.
More:
CoinDesk, NFT Evening, Protocol, VentureBeat, The Block, and TechCrunch. Thanks:@jeffjohnroberts
| Jackie Davalos / Bloomberg: |
DoorDash reports Q1 revenue up 35% YoY to $1.46B, vs. $1.38B est., 404M orders, up 23% YoY, gross order value up 25% to $12.4B, vs. $11.7B est.; stock up 5%+ — DoorDash Inc. reported revenue that beat analysts' estimates, a sign that customers' craving for the convenience of ordering online …
More:
DoorDash, CNBC, Mercury News, Wall Street Journal, FreightWaves, Reuters, MarketWatch, Benzinga, and Associated Press
| Natasha Mascarenhas / TechCrunch: |
Sources: On Deck, which connects founders with capital and advice, laid off 25% of its staff, or ~72 people, after raising ~$40M of a planned $100M-$150M fund — On Deck, a tech company that connects founders to each other, capital and advice, has laid off 25% off its staff, per sources familiar with the company.
Tweets: @nmasc_, @eriktorenberg, @bizcarson, @nmasc_, @carnage4life, and @sarthakgh
| Bloomberg: |
Latin American e-commerce site MercadoLibre reports Q1 revenue up 63% YoY to $2.2B, vs. $2B est., and gross merchandise volume up 27% YoY to $7.7B; stock up 8%+ — MONTEVIDEO, Uruguay, May 5 th , 2022 (GLOBE NEWSWIRE) — MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com) …
More:
MercadoLibre, Inc. and Reuters
| 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 …
Tweets: @amandafarough and @montecristo
| 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 … | 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.| T.P. Yeatts / The Real Deal New York: |
Lev, whose marketplace uses AI to help borrowers compare and source commercial real estate financing, raises a $70M Series B, sources say at a $400M valuation — Round brings total equity funding to $110M; startup also raised $100M for direct lending platform
More:
PR Newswire, Commercial Observer, AlleyWatch, and AlleyWatch
| Devin Coldewey / TechCrunch: |
Curebase, which manages software and hardware for distributed clinical trials, raises a $40M Series B led by Industry Ventures — 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.Sponsor Posts
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Zoho:
What's new: Zoho's apps on deck for macOS Sonoma — Welcome back! It's been a week since we posted about the compatibility of Zoho's suite of apps with Apple's iOS and iPadOS 17 updates.
What's new: Zoho's apps on deck for macOS Sonoma — Welcome back! It's been a week since we posted about the compatibility of Zoho's suite of apps with Apple's iOS and iPadOS 17 updates.Who's Hiring In Tech?
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