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May 13, 2022, 6:40 AM
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| Nivedita Balu / Reuters: |
Elon Musk says his Twitter deal is temporarily on hold “pending details supporting calculation that spam/fake accounts” represent <5% of users; TWTR drops 17%+ — 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:
Bloomberg, Wall Street Journal, Washington Post, CoinDesk, The Economic Times, CNN, The Verge, Moneycontrol, The Block, VICE, Fortune, Associated Press, Axios, Insider, Variety, CNBC, Financial Times, iMore, The Hollywood Reporter, Wccftech, Cryptonews, Forbes, and Reclaim The Net
Tweets: @hblodget, @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.
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The Verge, Financial Times, Silicon Republic, TechCrunch, WRAL TechWire, Platformer, MobileSyrup, BGR India, Associated Press, Washington Post, and Protocol
Tweets: @kayvz, @caseynewton, @boo, @mikeisaac, @kayvz, @alex, @rmac18, @reckless, @sal19, @kayvz, @nickstatt, @kurtwagner8, @caseynewton, @samsheffer, @adambain, @carnage4life, @karaswisher, @film_girl, @kantrowitz, @kayvz, @_dml, @chadloder, @kimmasters, @willoremus, @karaswisher, @mikeisaac, @financialtimes, @lindseyboylan, @thauburger, @reckless, @meganmorrone, @willoremus, @katies, @carnage4life, @caseynewton, @jessicalessin, @kvlly, @alexrkonrad, @grahamstarr, @panzer, @film_girl, @martinsfp, @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 …
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New York Times, The Verge, Fox Business, RTÉ, Engadget, PYMNTS.com, Android Headlines, Digital gefesselt, and Gizmodo
Tweets: @boo, @boo, @jordanzakarin, @oneunderscore__, @w7voa, @ericajoy, @kantrowitz, @sarthakgh, @gossithedog, @willoremus, and @alexeheath
| 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.| Financial Times: |
More:
Wall Street Journal, Reuters, Life in the 21st Century, The Overspill, بهر …, and CNBC
Tweets: @paoloardoino, @tether_to, @adamsamson, @wublockchain, @thestalwart, @ben_mckenzie, @matthewstoller, @whstancil, @jangold_, @carnage4life, @matthewphillips, @jason, @mayazi, @kadhim, @whale_alert, @bongcapital, @silvermanjacob, @fchollet, @jeffseibert, @alexhern, @safetyth1rd, @punk6529, @0xfoobar, @austerity_sucks, @scupytrooples, and @coinmamba
| Shaurya Malwa / CoinDesk: |
More:
Bloomberg, Terra Research Forum, Tech in Asia, and Financial Times
Tweets: @cobie, @cobie, @_checkmatey_, @profjeffjarviss, @mtsw, @ojuice_eth, @atari_buzzk1ll, @cobie, @iamlluciana, @tether_to, and @kantrowitz
| Joanna Ossinger / Bloomberg: |
More:
New York Times, CoinDesk, Cointelegraph, Wall Street Journal, Forkast, Bankless, TechCrunch, CNBC, and kyla's Newsletter
Tweets: @stablekwon, @terra_money, @johnbrownlow, @stablekwon, @ariadneconill, @lukeisamazing, @traderkoz, @mskidchaos, @trustlessstate, @molly0xfff, @stablekwon, @jerallaire, @kadhim, @sbf_ftx, @jemgold_, @nkulw, @jqt_galaxe, @zeitgeistfilm, @lawmaster, @lubchansky, @paleofuture, @alexhern, @carnage4life, @parismarx, @thestalwart, @unusual_whales, @barrysilbert, @timccopeland, @rekthq, @lawmaster, @sbf_ftx, @sbf_ftx, @carnage4life, @macnbtc, @lhm1, @lawmaster, @lawmaster, @zhusu, @bramcohen, and @jimcramer
| 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, The Tokenist, Decrypt, and Associated Press
Tweets: @brian_armstrong, @sophiamzaller, @malwarejake, @disruptepreneur, and @karacalvert
| 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:
Andreessen Horowitz, The Block, Silicon Republic, The Economic Times, Matrix Partners Viewpoints, CryptoPotato, Bloomberg, Crypto Briefing, CoinDesk, Finextra, and Bitcoin Magazine
Tweets: @davidmarcus, @davidmarcus, @bullyesq, @mikeisaac, @sriramk, @kantrowitz, @sriramk, @spiritofbitcoin, @mikeisaac, @jack, @davidmarcus, @colum, @smtuffy, @aaronwise5147, @thestalwart, @fehrsam, and @ravmike
| 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.
More:
MarketWatch, New York Times, Bloomberg, Newcomer, TechCrunch, and Crunchbase News
Tweets: @fgraillot, @financialtimes, @imkialikethecar, @bismahmalik, and @birdyword
| 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 … | 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 … | 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, Reuters, Insider, Cryptopolitan, Bloomberg, Coinspeaker, Crowdfund Insider, Decrypt, MarketWatch, Fortune, Cointelegraph, Benzinga, Bitcoinist.com, Wall Street Journal, Tech Xplore, Financial Times, and The Block
Tweets: @epro and @madhavchanchani
| Anushree Dave / The Block: |
New York-based Solidus Labs, a crypto risk monitoring startup that also protects from DeFi threats, raises a $45M Series B led by Liberty City Ventures — Quick Take — Solidus Labs has raised $45 million in funding, adding to a previous Series A of $20 million.
More:
Business Wire, Forbes, CTech, and CoinDesk
| 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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