| 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 … | Yogita Khatri / The Block: |
Over $1.2B of Luna Foundation Guard's bitcoin reserves remains unaccounted for; LFG had $2B+ in bitcoin reserves and loaned $750M to OTC firms and market makers — Quick Take — Luna Foundation Guard accumulated over $2 billion in bitcoin reserves and provided a loan of $750 million in bitcoin.| 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.| Joanna Ossinger / Bloomberg: |
| Nivedita Balu / Reuters: |
Elon Musk says his Twitter deal is “temporarily on hold” till a review of “spam/fake accounts”, but is “still committed to acquisition”; stock closes down 9.67% — Elon Musk said on Friday his $44-billion deal for Twitter Inc (TWTR.N) was temporarily on hold … | Matt Levine / Bloomberg: |
By tweeting that his Twitter deal is “on hold”, Musk yet again commits “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: |
| Cat Zakrzewski / Washington Post: |
Two groups representing Meta, Google, and others ask SCOTUS to block Texas' social media law prohibiting content moderation, arguing the law is unconstitutional — The emergency application follows a surprise ruling in a lower court Wednesday that allowed the law to take effect| 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| Lucas Matney / TechCrunch: |
Postmates founder Bastian Lehmann's new crypto startup TipTop raises a $23M Series A from a16z, Sam Altman, Naval Ravikant, Jeff Clavier, Dan Romero, and others — Postmates founder Bastian Lehmann's new crypto startup TipTop was lightly teased out a few weeks ago, but now the stealth startup … | Taylor Lorenz / Washington Post: |
A look at My Friends My Data, a group of startup founders pushing for legislation to force tech giants like Meta to let creators transfer followers between apps — A new coalition of start-ups is calling on tech giants to allow creators to reach followers on more platforms.| Brian Heater / TechCrunch: |
A Q&A with Reggie Fils-Aimé, former Nintendo of America president and COO, on his time at the company, plans for a $200M SPAC, the future of gaming, and more — The former Nintendo of America president and COO discusses his journey with the gaming giant| Financial Times: |
Masayoshi Son was subdued on SoftBank's earnings call as he runs out of options to restore investor confidence; public companies in the Vision Fund are down 62% — Tech stock rout has investors wondering how SoftBank can manage its heavy debt load — Masayoshi Son was uncharacteristically subdued … | 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 …
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