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May 13, 2022, 5:05 AM
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memeorandum
WeSmirchTop News
| @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:
The Verge, The Economic Times, Financial Times, TechCrunch, New York Times, Platformer, BGR India, MobileSyrup, Associated Press, Washington Post, Protocol, Wall Street Journal, Variety, iPhone in Canada Blog, and NBC News
Tweets: @kayvz, @caseynewton, @boo, @mikeisaac, @kayvz, @alex, @rmac18, @reckless, @sal19, @kayvz, @nickstatt, @kurtwagner8, @caseynewton, @samsheffer, @caseynewton, @adambain, @carnage4life, @karaswisher, @film_girl, @kantrowitz, @jess, @willoremus, @kayvz, @_dml, @chadloder, @kimmasters, @willoremus, @karaswisher, @mikeisaac, @financialtimes, @lindseyboylan, @thauburger, @reckless, @meganmorrone, @willoremus, @kantrowitz, @katies, @carnage4life, @caseynewton, @jessicalessin, @kvlly, @alexrkonrad, @grahamstarr, @panzer, @film_girl, @willoremus, and @martinsfp
| 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, Fox Business, RTÉ, Engadget, Digital gefesselt, Android Headlines, PYMNTS.com, Gizmodo, The Guardian, CNBC, and Insider
Tweets: @boo, @boo, @jordanzakarin, @oneunderscore__, @w7voa, @ericajoy, @kantrowitz, @sarthakgh, @gossithedog, @willoremus, and @alexeheath
| Tim Copeland / The Block: |
Terraform Labs resumes Terra block production, with staking disabled, after halting the blockchain “to prevent governance attacks” following LUNA's collapse — Quick Take — Terraform Labs has said the Terra blockchain has been halted. — This is due to concerns …
Source:
@terra_money. More:
Benzinga, Bloomberg, Decrypt, CryptoPotato, Cointelegraph, Bloomberg, CoinDesk, Bitcoin Magazine, Market Meditations, Decrypt, Web3 is going just great, and CoinDesk
| Financial Times: |
Tether CTO Paolo Ardoino declines to reveal details about the company's $40B US government bond holdings, for fear of revealing its “secret sauce” — Token's tech chief declines to provide details on Treasury holdings on fear of revealing ‘secret sauce’
More:
Reuters, Life in the 21st Century, The Overspill, بهر …, and CNBC
Tweets: @paoloardoino, @tether_to, @adamsamson, @thestalwart, @ben_mckenzie, @matthewstoller, @whstancil, @jangold_, @carnage4life, @matthewphillips, @jason, @mayazi, @kadhim, @whale_alert, @bongcapital, @silvermanjacob, @fchollet, @jeffseibert, @alexhern, @safetyth1rd, @punk6529, @0xfoobar, @austerity_sucks, @scupytrooples, @coinmamba, and @robinwigg
| Shaurya Malwa / CoinDesk: |
More:
Terra Research Forum, Bloomberg, Tech in Asia, Financial Times, and The Verge
Tweets: @cobie, @_checkmatey_, @cobie, @tether_to, @ojuice_eth, @atari_buzzk1ll, @profjeffjarviss, @mtsw, @iamlluciana, @cobie, and @kantrowitz
| Joanna Ossinger / Bloomberg: |
More:
New York Times, The Block, Cointelegraph, Wall Street Journal, Forkast, Bankless, CNBC, TechCrunch, The Signal, kyla's Newsletter, Web3 is going just great, VICE, and Bloomberg
Tweets: @stablekwon, @terra_money, @johnbrownlow, @stablekwon, @ariadneconill, @lukeisamazing, @traderkoz, @mskidchaos, @molly0xfff, @jerallaire, @stablekwon, @kadhim, @trustlessstate, @sbf_ftx, @jemgold_, @nkulw, @jqt_galaxe, @zeitgeistfilm, @lubchansky, @lawmaster, @paleofuture, @alexhern, @carnage4life, @parismarx, @thestalwart, @unusual_whales, @barrysilbert, @timccopeland, @rekthq, @lawmaster, @sbf_ftx, @sbf_ftx, @carnage4life, @macnbtc, @lhm1, @lawmaster, @lawmaster, @zhusu, @bramcohen, @jimcramer, @kadhim, @tautologicaly, @asvanevik, @katie_martin_fx, and @crypto
| 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, @karacalvert, and @disruptepreneur
| 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, TechCrunch, Newcomer, and Crunchbase News
Tweets: @fgraillot, @financialtimes, @imkialikethecar, @bismahmalik, and @birdyword
| 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, The Economic Times, Matrix Partners Viewpoints, Crypto Briefing, Bloomberg, CoinDesk, Finextra, and Bitcoin Magazine
Tweets: @davidmarcus, @davidmarcus, @bullyesq, @mikeisaac, @sriramk, @kantrowitz, @sriramk, @spiritofbitcoin, @mikeisaac, @jack, @davidmarcus, @colum, @smtuffy, @aaronwise5147, @thestalwart, @fehrsam, and @ravmike
| 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 … | 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 …
Tweets: @lorakolodny
| 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
| 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, Coinspeaker, Bloomberg, Cointelegraph, Crowdfund Insider, Decrypt, MarketWatch, Wall Street Journal, Fortune, Financial Times, Tech Xplore, Benzinga, Bitcoinist.com, and The Block
Tweets: @epro and @madhavchanchani
| 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.| Riana Pfefferkorn / Stanford CIS Blog: |
If Roe v. Wade is overturned, the enforcement of US laws should be seen as a strong argument for strengthening encryption, not weakening it — With the Supreme Court poised to rip away a constitutional right that's been the law of the land for nearly half a century by overturning Roe v. Wade …
Tweets: @hipsterelectron, @decryption, @christophera, and @riana_crypto
| Yogita Khatri / The Block: |
MicroStrategy's massive bitcoin bet has become a $330M paper loss as bitcoin trades around $28K; MicroStrategy holds 129,218 BTC, bought for $30,700 on average — Quick Take — Bitcoin's price fall has led to unrealized losses for MicroStrategy. — The Nasdaq-listed company …
More:
crypto.news and Bitcoinist.com
Tweets: @cobie, @ldignan, @cointelegraph, @cointelegraph, and @fintechfrank
| David Yaffe-Bellany / New York Times: |
More:
CNBC, Wall Street Journal, and Forbes
Tweets: @saylor, @hkanji, @nntaleb, @jamesgleick, @brentnyt, @flitteronfraud, @charlesarthur, @alfonslopeztena, @tedtalksmacro, and @carnage4life
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