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May 13, 2022, 9:45 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:
Wall Street Journal, The Verge, Axios, Bloomberg, Livemint, Engadget, BBC, Silicon Republic, MacRumors, Android Authority, AppleInsider, Bloomberg, TNW, New York Times, Bloomberg, CNN, Protocol, TechCrunch, The Guardian, Barron's Online, CoinDesk, Moneycontrol, USA Today, Observer, Tom's Guide, Uniic Media, Newser, TechSpot, BuzzFeed News, CryptoPotato, Financial Times, Phandroid, Gizchina, The Shortcut, Fortune, Insider, VICE, Variety, The Wrap, TechPowerUp, Cryptonews, iMore, and The Hollywood Reporter
Tweets: @claritytoast, @parikpatelcfa, @willoremus, @loudmouthjulia, @wsj, @paleofuture, @arashmassoudi, @carnage4life, @digiphile, @andyostroy, @hblodget, @sarafischer, @mims, @mgsiegler, @deanobeidallah, @0x, @alexweprin, @alexweprin, @psawers, @jeffjarvis, @arthurschwartz, @garyblack00, @matt_levine, @ankaman616, @loganbartlett, @samro, @cristinacriddle, @parmy, @robtfrank, @wongmjane, @carnage4life, @parmy, @markets, @clairecmc, @parmy, @ben_mckenzie, @kantrowitz, @paultassi, 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:
Silicon Republic, TechCrunch, 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
| Lora Kolodny / CNBC: |
In an email, Jason Calacanis says he is “collecting interest to invest in Twitter” as part of Elon Musk's buyout; the minimum investment to participate is $250K — - Jason Calacanis, who's known for early bets on companies like Uber and Robinhood, is pulling together funds … | 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:
New York Times, The Verge, Financial Times, CNBC, The Register, Reuters, Fox Business, PYMNTS.com, Engadget, and PC Gamer
Tweets: @boo, @oneunderscore__, @boo, @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, GlobeNewswire News Room, The Guardian, Cointelegraph, CoinDesk, The Block, CoinDesk, Bitcoin Magazine, CoinDesk, Micky, BitMEX Blog, Decrypt, CryptoPotato, CoinGape, Coinspeaker, 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, @cz_binance, @cz_binance, @cz_binance, @migueldeicaza, @ncweaver, @mewn21, @trader_xo, @wormholecrypto, @wormholecrypto, @wormholecrypto, @justinwolfers, @luna_terra_coin, @decryptmedia, @hoffmang, @ercwl, @alexhern, @m_paulmcnamara, @theblock__, @willoremus, @web3isgreat, @chainlinkgod, @crypto_condom, @bennetttomlin, and @timccopeland
| Shaurya Malwa / CoinDesk: |
More:
Bloomberg, Cryptocracy, and Tech in Asia
Tweets: @thestalwart, @matt_levine, @cobie, @cobie, @profjeffjarviss, @_checkmatey_, @mtsw, @ojuice_eth, @atari_buzzk1ll, @cobie, and @iamlluciana
| Joanna Ossinger / Bloomberg: |
More:
New York Times, The Block, Financial Times, Bits, Stocks e Blocks, Forkast, and TechCrunch
| Financial Times: |
More:
The Overspill and Life in the 21st Century
| 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, @jack, @davidmarcus, @colum, @aaronwise5147, @fehrsam, @ravmike, @spiritofbitcoin, @smtuffy, @sriramk, @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: @davewiner, @marshallk, @marshallk, @jeffnolan, @whereisdaz, @mrinaldesai, @nickmartin, @mattnavarra, @kantrowitz, @theeashleyray, @lisakayhawes, @taylorlorenz, @natemcdermott, @willoremus, @docdre, @karissabe, and @triketora
| 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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