Techmeme
May 17, 2022, 9:40 AM

Top News

Edwin Chan / Bloomberg:
Elon Musk says the Twitter deal “cannot move forward” until Twitter proves bots are <5% of users, claiming his offer is based on “SEC filings being accurate”  —  Elon Musk said he'll proceed with his $44 billion takeover of Twitter Inc. only if the social media giant …
PR Newswire:
In a preliminary SEC proxy statement, Twitter says it is “committed to completing the transaction on the agreed price and terms as promptly as practicable”  —  Twitter, Inc. (NYSE: TWTR) today announced that it has filed its preliminary proxy statement with the U.S. Securities …
Parag Agrawal / @paraga:
Bloomberg:
Elon Musk says a Twitter deal at a lower price wouldn't be “out of the question”, speaking to a Miami tech conference crowd  —  Elon Musk stoked speculation that he could seek to renegotiate his takeover of Twitter Inc., saying a viable deal at a lower price wouldn't be “out of the question.”
Rand Fishkin / SparkToro:
Natasha Lomas / TechCrunch:
Report: the real-time bidding industry exposes a person's online activity and location 747 times per day on average in the US and 376 times per day in Europe  —  New data about the real-time-bidding (RTB) system's use of web users' info for tracking and ad targeting, released today …
Corin Faife / The Verge:
Despite continuing to tweet on other topics, Elon Musk has so far been silent on the Buffalo shooting livestream, a content moderation challenge  —  The free speech advocate had no comment on Twitter's scramble to block videos of the mass shooting  —  On May 14th, social media platforms …
Michael Bellusci / CoinDesk:
Coinbase will begin letting a “small set” of users access Ethereum-based decentralized apps directly from its app  —  The move will let Coinbase users purchase NFTs, trade on decentralized exchanges and borrow and lend on various DeFi platforms.
Devin Coldewey / TechCrunch:
Apple announces several accessibility features, including Watch improvements and a live captioning tool for iOS, iPadOS, and macOS, rolling out later in 2022  —  Apple has released a bevy of new accessibility features for iPhone, Apple Watch, and Mac, including a universal live captioning tool …
Entrackr:
Paytm Mall, the e-commerce arm of Paytm, loses Alibaba and Ant Financial as investors, and its valuation drops from $3B to $13M  —  As Paytm Mall joins the government-backed e-commerce platform, the Open Network for Digital Commerce or ONDC, the firm sheds almost 99.5% of its valuation that it built since 2017.
Washington Post:
A look at tech political advocacy group American Edge, founded by Meta, as it tries to create the appearance of grassroots opposition to antitrust reform  —  Records show Facebook-funded American Edge backed minority interest groups, conservative think tanks and small business groups to create …
Ryan Weeks / The Block:
Coinbase says it will “slow hiring and reassess our headcount needs” during the market downturn, after initially planning to triple its workforce in 2022  —  Cryptocurrency exchange Coinbase has reined in a plan to triple its headcount this year in response to turbulent market conditions.
Sergiu Gatlan / BleepingComputer:
The US DOJ says that Moises Luis Zagala Gonzalez, a cardiologist in Venezuela, created, rented to cybercriminals, and profited from Jigsaw and Thanos ransomware  —  The US Department of Justice today said that Moises Luis Zagala Gonzalez (Zagala), a 55-year-old cardiologist with French …
Mary Ann Azevedo / TechCrunch:
Unit, a banking-as-a-service startup, raises a $100M Series C led by Insight at a $1.2B valuation, following a $51M Series B in June 2021  —  Unit, a banking-as-a-service startup, has closed on a $100 million Series C round of funding led by Insight Partners.
More: Bloomberg
Bloomberg:
Logs: the alleged Buffalo gunman spoke explicitly in a private Discord server about his plans to carry out and livestream an attack since at least December 2021  —  The accused gunman behind 10 deaths and 3 injuries in Buffalo, New York, over the weekend had spoken explicitly about his plans …
Kyle Wiggers / TechCrunch:
A.Team, a gig marketplace for product engineers, emerges from stealth with a $55M Series A co-led by Tiger, Insight, and Spruce and a $5M seed led by NFX  —  The gig economy has, to use a well-worn word, disrupted industries from ride-hailing to quick-service restaurants.

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More News

Afsaneh Rigot / Wired:
Emily A. Vogels / Pew Research Center:
Juli Clover / MacRumors:

Earlier Picks

Jessica Bursztynsky / CNBC:
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CoinDesk: