Techmeme
May 13, 2022, 7:15 PM

Top News

Nivedita Balu / Reuters:
Source: @elonmusk and @elonmuskMore: Wall Street Journal, The Verge, Washington Post, Axios, Bloomberg, BBC, New York Times, Engadget, Forbes, Japan Today, Platformer, Barron's Online, Axios, Social Media Today, Bloomberg, Ars Technica, Moneycontrol, 9to5Mac, CNBC, CNN, New York Times, Mashable, Android Police, Protocol, Variety, Android Central, Los Angeles Times, Associated Press, The Guardian, Silicon Republic, The Verge, BuzzFeed News, Bloomberg, Financial Times, Protocol, TechCrunch, The Wrap, iMore, CoinDesk, The Hollywood Reporter, VICE, Fortune, HotHardware.com News, Cryptonews, Insider, Variety, and The Mac Observer
Matt Levine / Bloomberg:
By tweeting that the deal is on “hold”, Musk is yet again committing “lite securities fraud” while laying the groundwork to walk away or renegotiate the price  —  Programming note: Money Stuff was supposed to be off today, but then my boss, Elon Musk, called me in to work anyway.
Bloomberg:
Sunil Jagtiani / Bloomberg:
Terraform Labs halts Terra block production for the second time in 24 hours “to come up with a plan to reconstitute” the network, 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.
Yogita Khatri / The Block:
Over $1.2B of Luna Foundation Guard's bitcoin reserves remains unaccounted for; LFG accumulated $2B+ in bitcoin reserves and loaned $750M to market makers  —  Quick Take  — Luna Foundation Guard accumulated over $2 billion in bitcoin reserves and provided a loan of $750 million in bitcoin.
Joanna Ossinger / Bloomberg:
Mark Gurman / Bloomberg:
Sources: Apple is testing iPhones with a USB-C port, and adapters for Lightning accessories, for 2023 at the earliest, to help it conform with looming EU rules  —  Apple Inc. is testing future iPhone models that replace the current Lightning charging port with the more prevalent USB-C connector …
Paresh Dave / Reuters:
US states and local governments are backing off banning facial recognition, amid rising crime and increased lobbying from facial recognition developers  —  Facial recognition is making a comeback in the United States as bans to thwart the technology and curb racial bias in policing come under threat amid …
David Jones / Cybersecurity Dive:
The Linux Foundation and OpenSSF plan to spend $150M+ to boost open source and supply chain security; Amazon, Google, Intel, Microsoft, and others pledged $30M+  —  Top technology companies offered $30 million toward a two-year goal to bolster software supply chain security.  —  Listen to the article
Jane Lanhee Lee / Reuters:
Arm reports record 2021 revenue, up 35% YoY to $2.7B, due to 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 …
Lucas Matney / TechCrunch:
Postmates founder Bastian Lehmann's new crypto startup TipTop raises a $23M Series A from a16z, Sam Altman, Naval Ravikant, and others  —  Postmates founder Bastian Lehmann's new crypto startup TipTop was lightly teased out a few weeks ago, but now the stealth startup is sharing some info …
David Ingram / NBC News:
Some local officials forced US schools and libraries to shut down or limit e-reader apps like Epic and OverDrive after conservative parents objected to content  —  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.
Nikkei Asia:
Source: AliExpress Russia, Alibaba's joint venture in the country that had ~1,000 employees before March, laid off ~40% of staff since the invasion of Ukraine  —  AliExpress had planned to expand in its biggest market as recently as March  —  AliExpress Russia's business has been disrupted by Moscow's invasion of Ukraine.
More: Reuters

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