Techmeme
May 18, 2022, 6:15 AM

Top News

Brian Stelter / CNN:
Twitter's board says it intends to “close the transaction” at the agreed price and “enforce the merger agreement”  —  New York CNN Business — … Who wants to own Twitter?  Maybe Elon Musk doesn't.  Sure, maybe he is causing chaos to extract a lower price from the Twitter board …
Bloomberg:
Twitter loses more execs amid Musk's takeover bid: Twitter Service VP Katrina Lane, head of data science Max Schmeiser, and VP of product management Ilya Brown  —  Twitter Inc. is losing three more senior employees, including two vice presidents, a reflection of the uncertainty inside …
Matt Levine / Bloomberg:
Edwin Chan / Bloomberg:
Nellie Andreeva / Deadline:
Netflix cuts 150 jobs out of 11K across departments in a new round of layoffs, mostly in the US, as the company reins in costs amid slowing revenue growth  —  EXCLUSIVE: Layoffs are underway at Netflix today.  About 150 positions out of the streamer's workforce of 11,000 are being eliminated amid …
Mark Gurman / Bloomberg:
Memo: Apple delays its three-day-a-week return to the office indefinitely, citing rising COVID-19 cases; the company still expects attendance two days per week  —  Apple Inc. delayed a plan to require workers to come back to the office three days a week, citing a resurgence in Covid-19 cases …
Frederic Lardinois / TechCrunch:
Google Cloud launches new software supply chain and zero trust tools, including one that gives governments and enterprises access to vetted open-source packages  —  Google Cloud is holding its annual Security Summit this week and unsurprisingly, the company used the event to launch a few new security features.
Michael Potuck / 9to5Mac:
A report details the challenges that delayed Apple's mixed reality headset launch by years and the initial pushback from Jony Ive's team on a VR headset concept  —  Since beginning its efforts in 2015, Apple's work on a mixed reality headset has been hit with a range of challenges that have pushed …
Bloomberg:
Research: despite China's crypto mining ban, its global bitcoin hashrate share grew to 21.1% from Sept. 2021 to Jan. 2022, suggesting a rise in covert mining  —  While the US extended its leading position as the dominant location for Bitcoin mining, China has reemerged as the second-largest locale despite …
Heather Somerville / Wall Street Journal:
As startups face potential drops in valuation and VCs demand lower spending and higher margins, some companies turn to cutting staff, marketing, and projects  —  Funding is suddenly scarce as venture capital firms grow stingy, forcing young companies to get frugal and focus on breaking even

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