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May 13, 2022, 11:15 AM
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| Nivedita Balu / Reuters: |
Elon Musk says his Twitter deal is temporarily on hold pending a review of “spam/fake accounts”, but adds he is “still committed to acquisition”; TWTR drops ~9% — 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 and @elonmusk. More:
Bloomberg, Wall Street Journal, Axios, The Verge, Bloomberg, TNW, Washington Post, The Economic Times, 9to5Mac, The Verge, ZDNet, Engadget, Livemint, BBC, Euractiv, New York Times, Silicon Republic, MacRumors, Android Authority, BuzzFeed News, Bloomberg, Axios, CNN, Moneycontrol, The Guardian, Protocol, TechCrunch, Observer, Tom's Guide, Barron's Online, CoinDesk, USA Today, Uniic Media, Newser, TechSpot, Financial Times, Phandroid, The Wrap, CryptoPotato, VICE, Fortune, Insider, Variety, Cryptonews, iMore, The Hollywood Reporter, Gizchina, and The Shortcut
Tweets: @caseynewton, @metaquest, @noupside, @rmac18, @dangoodin001, @dinasrinivasan, @claritytoast, @tomcoates, @profgalloway, @danprimack, @kurtwagner8, @williamturton, @bplewis, @carltonreid, @obrien, @seldo, @stanhoraczek, @maxboot, @jjohnsonlaw, @briannawu, @gtconway3d, @wfkars, @hblodget, @ed_solomon, @will_bunch, @patrickw, @cliffschecter, @parikpatelcfa, @willoremus, @loudmouthjulia, @paleofuture, @arashmassoudi, @carnage4life, @digiphile, @arthurschwartz, @garyblack00, @matt_levine, @mgsiegler, @ankaman616, @loganbartlett, @samro, @cristinacriddle, @andyostroy, @parmy, @espiers, @robtfrank, @wongmjane, @carnage4life, @0x, @jeffjarvis, @parmy, @markets, @mims, @alexweprin, @psawers, @clairecmc, @karaswisher, @karaswisher, @alexweprin, @parmy, @ben_mckenzie, @deanobeidallah, @kantrowitz, @paultassi, @tbraithwaite, and @sarafischer
| 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 …
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CNBC, The Verge, New York Times, Financial Times, The Register, Reuters, Fox Business, The Overspill, PYMNTS.com, and Engadget
Tweets: @boo, @oneunderscore__, @boo, @jordanzakarin, @ericajoy, @alexeheath, @willoremus, @gossithedog, @kantrowitz, @sarthakgh, and @w7voa
| @kayvz: |
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Tech Xplore, Liberty's Highlights, TechCrunch, Platformer, and Silicon Republic
Tweets: @kayvz, @caseynewton, @boo, @mikeisaac, @kayvz, @adambain, @kayvz, @kimmasters, @_dml, @lindseyboylan, @thauburger, @financialtimes, @reckless, @film_girl, @reckless, @caseynewton, @panzer, @rmac18, @karaswisher, @carnage4life, @jessicalessin, @mikeisaac, @samsheffer, @grahamstarr, @alexrkonrad, @chadloder, @martinsfp, @caseynewton, and @willoremus
| 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, The Block, Decrypt, Decrypt, Bloomberg, CoinDesk, GlobeNewswire News Room, Cointelegraph, The Guardian, CoinDesk, BitMEX Blog, CoinJournal, The Block, Bitcoin Magazine, CoinDesk, Decrypt, CoinDesk, Cointelegraph, Cryptonews, CryptoPotato, CryptoPotato, Cointelegraph, Benzinga, CoinGape, CoinDesk, The Block, Market Meditations, and Web3 is going just great
Tweets: @terra_money, @cyounessi1, @terra_money, @terra_money, @cz_binance, @cz_binance, @ncweaver, @eric20token, @davidgokhshtein, @giganticrebirth, @cz_binance, @mewn21, @trader_xo, @wormholecrypto, @wormholecrypto, @wormholecrypto, @justinwolfers, @luna_terra_coin, @decryptmedia, @hoffmang, @ercwl, @alexhern, @migueldeicaza, @ncweaver, @m_paulmcnamara, @theblock__, @willoremus, @web3isgreat, @chainlinkgod, @crypto_condom, @bennetttomlin, and @timccopeland
| Matt Levine / Bloomberg: |
As crypto becomes increasingly integrated into the real economy, massive downturns could begin to impact regular people, especially if stablecoins collapse — Programming note: Money Stuff will be off tomorrow, back on Monday. — Crypto — In 2008 the prices of some structured credit products built … | Joanna Ossinger / Bloomberg: |
| Shaurya Malwa / CoinDesk: |
More:
Cryptocracy, Financial Times, and Tech in Asia
Tweets: @tether_to, @thestalwart, @carnage4life, @cobie, @matthewstoller, @cobie, @profjeffjarviss, and @mtsw
| 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, Silicon Valley Business …, Semiconductor Engineering, ZDNet, HPCwire, and insideHPC
Tweets: @bobodtech, @patrickmoorhead, and @benbajarin
| 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.| 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. Tweets: @brian_armstrong, @sophiamzaller, @disruptepreneur, @karacalvert, and @malwarejake
| Washington Post: |
Hollywood insiders explain celebrities' decreased interest in Twitter, seen 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: @willoremus, @davewiner, @marshallk, @marshallk, @jeffnolan, @whereisdaz, @mrinaldesai, @nickmartin, @kantrowitz, @theeashleyray, @lisakayhawes, @natemcdermott, @docdre, @taylorlorenz, @mattnavarra, @willoremus, @karissabe, and @triketora
| 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, CoinJournal, PYMNTS.com, Silicon Republic, Matrix Partners Viewpoints, Cryptonews, and The Economic Times
Tweets: @davidmarcus, @davidmarcus, @bullyesq, @sriramk, @jack, @davidmarcus, @colum, @aaronwise5147, @fehrsam, @ravmike, @spiritofbitcoin, @smtuffy, @sriramk, @mikeisaac, @kantrowitz, @thestalwart, and @mikeisaac
| Ingrid Lunden / TechCrunch: |
UK-based Token.io, an open banking-based account-to-account payments service, raises $40M co-led by Cota Capital and TempoCap — The rise of digital payments has changed the nature of how people do business with each other; and open banking — a movement in banking where incumbents … | 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.| Brian Krebs / Krebs on Security: |
The DEA is investigating reports that hackers gained access to its Law Enforcement Inquiry and Alerts system that taps into 16 federal law enforcement databases — The U.S. Drug Enforcement Administration (DEA) says it is investigating reports that hackers gained unauthorized access … Sponsor Posts
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