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May 13, 2022, 9:10 AM
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memeorandum
WeSmirchTop News
| Nivedita Balu / Reuters: |
Elon Musk says his Twitter deal is temporarily on hold pending review of spam/fake accounts, then adds “still committed to acquisition”; TWTR drops ~12% — Elon Musk said on Friday his $44-billion deal for Twitter Inc (TWTR.N) was temporarily on hold, citing pending details on spam and fake accounts.
Source:
@elonmusk. More:
Wall Street Journal, The Verge, Axios, Bloomberg, Engadget, Livemint, BBC, New York Times, Silicon Republic, MacRumors, Android Authority, CNN, CNBC, AppleInsider, TNW, Bloomberg, The Guardian, Protocol, TechCrunch, CoinDesk, Barron's Online, USA Today, Moneycontrol, BuzzFeed News, Financial Times, KnowTechie, CryptoPotato, The Wrap, VICE, Fortune, Gizchina, Insider, iMore, The Shortcut, Variety, WRAL TechWire, The Hollywood Reporter, Cryptonews, TechPowerUp, Pocket-lint, and Reclaim The Net
Tweets: @elonmusk, @claritytoast, @parikpatelcfa, @willoremus, @wsj, @paleofuture, @arashmassoudi, @carnage4life, @digiphile, @andyostroy, @hblodget, @sarafischer, @mims, @mgsiegler, @0x, @alexweprin, @alexweprin, @psawers, @jeffjarvis, @cristinacriddle, @ben_mckenzie, @paultassi, @carnage4life, @kantrowitz, @clairecmc, @loganbartlett, @garyblack00, @wongmjane, @markets, @ankaman616, @parmy, @parmy, @parmy, @robtfrank, @arthurschwartz, @matt_levine, @samro, and @tbraithwaite
| @kayvz: |
[Thread] Twitter product chief Kayvon Beykpour says he is leaving at the request of CEO Parag Agrawal, who wants to “take the team in a different direction” — Interrupting my paternity leave to share some final @twitter-related news: I'm leaving the company after over 7 years.
More:
Bloomberg, TechCrunch, Silicon Republic, and Platformer
Tweets: @kayvz, @caseynewton, @boo, @mikeisaac, @kayvz, @adambain, @kayvz, @_dml, @kimmasters, @lindseyboylan, @thauburger, @financialtimes, @reckless, @film_girl, @reckless, @caseynewton, @panzer, @rmac18, @karaswisher, @carnage4life, @jessicalessin, @mikeisaac, @samsheffer, @grahamstarr, @alexrkonrad, @chadloder, @martinsfp, @caseynewton, @willoremus, @carnage4life, @sal19, @nickstatt, @kurtwagner8, @kayvz, @alex, @kantrowitz, @karaswisher, @film_girl, @willoremus, @meganmorrone, @katies, @kvlly, @kantrowitz, @willoremus, @caseynewton, @jess, and @willoremus
| Bloomberg: |
In a memo, Twitter CEO Parag Agrawal announces a hiring freeze and other cost-cutting efforts; VP of product Jay Sullivan will take over as head of product — Twitter Inc. Chief Executive Officer Parag Agrawal announced a hiring freeze and other cost-cutting efforts on Thursday …
More:
The Verge, Financial Times, New York Times, The Register, Newser, Reuters, Fox Business, Engadget, PYMNTS.com, PC Gamer, and Android Headlines
Tweets: @boo, @boo, @oneunderscore__, @jordanzakarin, @ericajoy, @alexeheath, @willoremus, @gossithedog, @kantrowitz, @sarthakgh, and @w7voa
| Sunil Jagtiani / Bloomberg: |
Terraform Labs halts Terra block production for the second time in 24 hours “to come up with a plan to reconstitute it”, after UST and LUNA collapsed — The blockchain behind the collapsed TerraUSD stablecoin and the affiliated Luna token stopped processing new transactions for the second time in less than a day.
Source:
@terra_money. More:
Binance, Binance, Decrypt, Bloomberg, CoinDesk, The Guardian, The Block, Cointelegraph, CoinDesk, CoinDesk, Bitcoin Magazine, Micky, CoinDesk, BitMEX Blog, CryptoPotato, Decrypt, CoinGape, Coinspeaker, Inside Bitcoins, Cryptonews, Cointelegraph, Cointelegraph, CoinDesk, Market Meditations, Web3 is going just great, The Block, CryptoPotato, Benzinga, and CoinGape
Tweets: @terra_money, @terra_money, @cyounessi1, @terra_money, @ncweaver, @eric20token, @migueldeicaza, @ncweaver, @wormholecrypto, @hoffmang, @mewn21, @trader_xo, @wormholecrypto, @wormholecrypto, @justinwolfers, @luna_terra_coin, @decryptmedia, @ercwl, @alexhern, @m_paulmcnamara, @theblock__, @willoremus, @web3isgreat, @chainlinkgod, @crypto_condom, @bennetttomlin, and @timccopeland
| Shaurya Malwa / CoinDesk: |
More:
Bloomberg and Tech in Asia
Tweets: @paoloardoino, @thestalwart, @matt_levine, @cobie, @cobie, @profjeffjarviss, @_checkmatey_, @mtsw, @ojuice_eth, @atari_buzzk1ll, @cobie, @iamlluciana, and @tether_to
| Financial Times: |
More:
The Overspill, Life in the 21st Century, and Reuters
| Joanna Ossinger / Bloomberg: |
More:
New York Times, The Block, The Block, Financial Times, Bits, Stocks e Blocks, Forkast, and TechCrunch
| Jane Lanhee Lee / Reuters: |
Arm reports 2021 revenue rose 35% YoY to $2.7B, driven by licensing, up 61% YoY to $1.13B, and royalties, up 20% YoY to $1.54B; 29.2B ARM chips shipped in 2021 — SoftBank Group Corp's(9984.T) chip technology firm Arm Ltd on Thursday reported record revenue for 2021, and Chief Executive …
More:
Arm, The Register, Semiconductor Engineering, ZDNet, HPCwire, and insideHPC
Tweets: @bobodtech, @patrickmoorhead, and @benbajarin
| Yueqi Yang / Bloomberg: |
Coinbase's market cap falls to $12.98B from a $75B+ peak in 2021 as its stock closes at $58.50, far below its first day closing price of $328.28 in April 2021 — Coinbase Global Inc. has declined precipitously this year, largely mimicking the drop in Bitcoin prices and taking its market value …
More:
CNN and The Tokenist
Tweets: @brian_armstrong, @sophiamzaller, @malwarejake, @disruptepreneur, and @karacalvert
| Veronica Irwin / Protocol: |
Masayoshi Son says SoftBank plans to cut its startup investments by 50%-75% through March 2023, after Vision Fund reported a $20B+ loss for its fiscal year — Japanese conglomerate SoftBank is severely cutting its planned startup investments through next March, Chief Executive Masayoshi Son said in a Thursday earnings call.| Lucas Matney / TechCrunch: |
Ex-Facebook crypto chief David Marcus launches Lightspark, a payments startup building on Bitcoin's Lightning network, backed by a16z, Paradigm, and others — After his departure from Facebook in November, many crypto industry insiders speculated where long-time executive David Marcus would land.
More:
The Block, Benzinga, PYMNTS.com, Silicon Republic, Matrix Partners Viewpoints, Cryptonews, The Economic Times, and Bloomberg
Tweets: @davidmarcus, @davidmarcus, @bullyesq, @sriramk, @sriramk, @spiritofbitcoin, @jack, @davidmarcus, @colum, @smtuffy, @aaronwise5147, @fehrsam, @ravmike, @mikeisaac, @kantrowitz, @thestalwart, and @mikeisaac
| Washington Post: |
Interviews with 17 Hollywood insiders reveal that celebrities view Twitter as a high-risk, low-reward platform, and why Musk's ownership might make it worse — Elon Musk was right that Twitter's most popular accounts have gone quieter over the years. Hollywood insiders explain what happened …
More:
Protocol. Tweets: @marshallk, @jeffnolan, @whereisdaz, @mrinaldesai, @nickmartin, @mattnavarra, @kantrowitz, @karissabe, @theeashleyray, @lisakayhawes, @taylorlorenz, @natemcdermott, @willoremus, @docdre, and @triketora
| Tanaya Macheel / CNBC: |
SEC filing: FTX CEO Sam Bankman-Fried bought a 7.6% stake, worth $648M, in Robinhood, calling it “an attractive investment”; stock jumps 20%+ after hours — Sam Bankman-Fried, the CEO of crypto exchange FTX, has taken a 7.6% stake in Robinhood, according to a Thursday filing with the Securities and Exchange Commission.
More:
CoinDesk, The Block, Financial Times, Ethereum World News, Waivly, Bloomberg, Cryptopolitan, Cointelegraph, Bitcoinist.com, Insider, Coinspeaker, Crowdfund Insider, Fortune, MarketWatch, Benzinga, Decrypt, and Wall Street Journal
Tweets: @epro and @madhavchanchani
| David Ingram / NBC News: |
Some local officials have forced schools and libraries to shut down or restrict e-reader apps like Epic and OverDrive after objections by conservative parents — E-reader apps that became lifelines for students during the pandemic are now in the crossfire of a culture war raging over books in schools and public libraries.| Mahira Dayal / The Information: |
PitchBook: 16 new VC funds with 60%+ female decision makers have raised $4.5B from January to April 2022; women-led funds raised $3.7B in 2021 and $1.8B in 2020 — For years, women-led venture capital funds were the true Silicon Valley unicorns, a rarity in a sector where the vast majority of check writers are men.Sponsor Posts
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