Techmeme
May 6, 2022, 11:10 PM

Top News

New York Times:
Elon Musk's investor pitch deck: grow Twitter revenue 5x to $26.4B, cut ad revenue reliance to <50% by 2028, grow Twitter Blue's users to 69M by 2025, and more  —  Here's what Mr. Musk is projecting for Twitter's finances over the next few years, according to a pitch deck he presented to investors.
Joe Warminsky / The Record:
The US sanctions cryptocurrency mixing service Blender.io for allegedly laundering $20.5M from the Axie Infinity hack, the first time the US sanctioned a mixer  —  The U.S. Treasury Department on Friday sanctioned a cryptocurrency mixing service for the first time, citing evidence that it was used …
Wall Street Journal:
Some ex-TikTok US staff talk of long hours, tight deadlines, lack of work-life boundaries, sleep deprivation, weekend work, and secrecy uncommon in the industry  —  Former U.S. staffers tell of sleep deprivation, work on weekends and mandatory meetings with colleagues on the other side of the globe
Kanishka Singh / Reuters:
The SEC says Nvidia will pay $5.5M to settle charges it failed to disclose that cryptomining was a “significant element” of its FY 2018 gaming revenue growth  —  The U.S. Securities and Exchange Commission said Friday it had settled charges against technology company Nvidia Corporation …
Jordan Novet / CNBC:
Google forms a new blockchain group, led by former Citigroup executive James Tromans, to make the Google Cloud Platform the first choice for Web3 developers  —  - Former Citigroup executive James Tromans will lead the new Google group that will build services to help developers construct Web3 applications.
Dan Mangan / CNBC:
A California federal judge dismisses Donald Trump's lawsuit seeking to lift his ban from Twitter but may allow an amended complaint to be filed against Twitter  —  - A federal judge dismissed a lawsuit by former President Donald Trump seeking to lift his ban from Twitter.
Cointelegraph:
A report on publicly traded crypto mining companies finds Core Scientific leads with $545M in 2021 revenue, Riot Blockchain had $215M, and Hive Blockchain $195M  —  Mining firm Core Scientific's hash rate leads all public companies with 8.3 EH/s, and it mined 5,769 BTC in 2021.  —  225 Total views
Dan Primack / Axios:
Source: SEC.govMore: Insider, New York Times, Reuters, Slate, BuzzFeed News, Bloomberg, New York Times, Engadget, That Was The Week, Silicon Valley Business …, CoinQuora, New York Post, Blockworks, Financial Times, CoinDesk, Wall Street Journal, The Block, VICE, SiliconANGLE, DealStreetAsia, Bitcoin News, Junghoon's Direct Media …, Social Media Today, Reuters, The Register, The Mac Observer, UPI, Bloomberg, Protocol, CNN, PYMNTS.com, Financial Times, CNBC, San Francisco Business Journal, Channel Futures, iMore, BBC, Crunchbase News, iPhone in Canada Blog, Newser, Agence France-Presse, Ars Technica, Forbes, Bloomberg, CNBC, Cryptopolitan, Bloomberg, Bloomberg, Silicon Republic, The Hollywood Reporter, and Cointelegraph
Bloomberg:
Sources: China ordered government agencies and state-backed companies to replace foreign-branded PCs with domestic alternatives running local OSes in two years  —  China has ordered central government agencies and state-backed corporations to replace foreign-branded personal computers …
Jennifer Elias / CNBC:
Internal docs: Google is revamping performance reviews, resulting in higher pay, as it tries to ease tensions between staff and leadership about compensation  —  - Google introduced changes in efforts to streamline its performance reviews and promotions.  — Executives said the changes …
More: The VergeThanks:@mattrosoff
Aisha Malik / TechCrunch:
Spotify plans to shut down Stations, the service's lightweight listening app first launched in 2018 to offer easy access to curated playlists, on May 16  —  Spotify Stations, the streaming service's lightweight listening app offering easy access to curated playlists, is shutting down on May 16.

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Aislinn Keely / The Block:
Michael Bellusci / CoinDesk:
Ian Sherr / CNET:
Ian Sherr / CNET:
Stefanie Marotta / Bloomberg: