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May 18, 2022, 8:20 PM
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| Brian Stelter / CNN: |
Twitter's board says “Mr. Musk agreed to a transaction at $54.20 per share” and that it intends to “close the transaction and enforce the merger agreement” — Who wants to own Twitter? Maybe Elon Musk doesn't. Sure, maybe he is causing chaos to extract a lower price …
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New York Times, Washington Post, Washington Post, Livemint, Fortune, TheStreet, Ars Technica, and Bloomberg
| Bloomberg: |
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New York Times and TaaSMaster Newsletter
Tweets: @business, @shortingisfun, @martinsfp, @darth, @epro, @mattnavarra, and @edludlow
| Edwin Chan / Bloomberg: |
Source:
@elonmusk. More:
Insider, PCMag, Wired, TNW, The Guardian, WRAL TechWire, Reuters, Axios, Fortune, TechCircle, and Fossbytes
Tweets: @elonmusk, @elonmusk, @evafoxu, @mmasnick, @lukemiani, @mollyjongfast, @sruhle, @chandrarsrikant, @billym2k, @carnage4life, @jamespmanley, and @adamweinstein
| Mitchell Clark / The Verge: |
Amazon refreshes its Fire 7 tablet with USB-C charging, better battery life, and a 30% faster processor, and raises the price from $50 to $60, coming June 29 — And faster internals — Amazon is updating its small and inexpensive Fire 7 tablet for the first time in three years …
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CNET, PCWorld, TechCrunch, Softpedia News, ZDNet, Stuff, Neowin, Laptop Mag, TechSpot, PCMag, Android Authority, Entertainment Tonight, Android Police, PennLive, KnowTechie, Engadget, CNBC, Tech Advisor, and TheStreet
| Todd Spangler / Variety: |
Following years of complaints, TikTok announces its first crediting tools, letting creators link back to the videos of other creators and trend originators — TikTok is finally going to let users of the short-form app properly give credit where credit is due.
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TechCrunch, PCMag, TikTok, NBC News, Billboard, How smart Technology …, BELatina, The Root, Social Media Today, Dexerto, iMore, Teen Vogue, Adweek, Mashable, Engadget, and Protocol. Tweets: @tiktokcomms
| Emma Roth / The Verge: |
Report: subscribers who have been with Netflix for over three years made up 13% of cancellations in Q1 2022; Netflix hit 3.6M total cancellations last quarter — Users subscribed to Netflix for more than three years represented 13 percent of total cancellations
Source:
The Information. More:
9to5Mac, MobileSyrup, The Mac Observer, and iMore. Tweets: @mrinaldesai
| New York Times: |
A profile of Do Kwon, the trash-talking founder of Terraform Labs, which raised $200M+ to build LUNA and UST; investors cashed out early, but traders lost big — Do Kwon, a South Korean entrepreneur, hyped the Luna and TerraUSD cryptocurrencies. Their failures have devastated some traders …
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The Block, The Block, and Newser
Tweets: @flitteronfraud, @altcoinpsycho, @bennetttomlin, @yonettejo, @peter_atwater, and @thecryptomonk
| Aisha Malik / TechCrunch: |
TikTok launches Branded Mission, a product that lets advertisers crowdsource content from creators with 1K+ followers and turn top-performing videos into ads — TikTok announced today that it's launching a new ad product called “Branded Mission” that will allow creators to connect with brands and possibly receive rewards for videos.| Jordan Novet / CNBC: |
Cisco misses with Q3 revenue flat YoY at $12.8B, vs. $13.34B expected, and forecasts a YoY revenue decline in Q4 between 1% and 5.5%; stock drops 10%+ — - Cisco missed on the top line in the fiscal third quarter and issued a worse-than-expected revenue forecast for the current quarter.
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CRN, Protocol, Bloomberg, SiliconANGLE, Dow Jones Newswires, Investor's Business Daily, Reuters, Cisco, and Barron's Online
| Mary Jo Foley / ZDNet: |
In response to rivals' complaints, Microsoft begins relaxing its cloud licensing rules in Europe, which made running its software on other clouds more expensive — Microsoft is undoing in Europe some of the restrictive cloud-licensing policies it first announced in 2019 which made running …
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Microsoft On the Issues, iTnews, Thurrott, GeekWire, Softpedia News, The Register, Euractiv, OnMSFT.com, and Financial Times
Tweets: @bradsmi, @bradsmi, @getwired, @maryjofoley, @quinnypig, and @klyngec
| Financial Times: |
Filing: Saudi Arabia's Public Investment Fund bought a 5% stake in Nintendo worth $2.98B; the PIF disclosed 5%+ stakes in Nexon and Capcom in February 2022 — Sovereign wealth fund has already bought into Japan's Capcom and Nexon — Saudi Arabia's sovereign wealth fund has acquired …
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Bloomberg, Polygon, iMore, Wall Street Journal, Game Rant, MobileSyrup, NME, Nintendo Life, Eurogamer.net, GamesIndustry.biz, and Kotaku
Tweets: @gearoidreidy, @andyplaytonic, @toadsanime, @jenny_b_3, @randallbell, @quinnypig, and @stephentotilo
| Annie Palmer / CNBC: |
New York accuses Amazon of discriminating against pregnant workers and those with disabilities; the state seeks civil fines and an end to discriminatory conduct — - New York Gov. Kathy Hochul on Wednesday announced a state agency has filed a complaint against Amazon, alleging it discriminates …
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Governor Kathy Hochul, The Verge, New York Daily News, Politico, Barron's Online, The Hill, Reuters, and Shacknews
Tweets: @komonews and @sengianaris
| Bloomberg: |
Four Democratic senators ask the FTC to investigate whether ID.me illegally misled consumers and government agencies about its use of facial recognition tech — A group of Democratic senators has asked the Federal Trade Commission to investigate whether identity verification company ID …
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Krebs on Security, PYMNTS.com, The Register, VICE, CyberScoop, and U.S. Senator Ron Wyden …
Tweets: @paulnovosad and @briankrebs
| Monica Chin / The Verge: |
Acer refreshes the Swift 3 laptop, starting at $900 with a 14" OLED display, 12th Gen Intel Core H-series CPUs, and claimed 10-hour battery life, coming in July — A new 14-inch OLED for $899.99 — It wasn't too long ago that the phrase “OLED laptop” implied a luxury product.| Phillip Tracy / Gizmodo: |
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XDA Developers, Acer, Android Headlines, TechSpot, Windows Central, Ars Technica, PCWorld, Engadget, Engadget, TechRadar, and Digital Trends
| Sam Rutherford / Engadget: |
| Kate Rooney / CNBC: |
At Block's first investor day since 2017, CEO Jack Dorsey doubled down on the company's bitcoin bet; Block's stock is down from its peak of $289.23 to ~$82.05 — - At Block's first investor day since 2017, executives describe how crypto and music-streaming businesses make up an “ecosystem” beyond the original card reader.
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Creating Focus and The Daily Hodl
| Lauren Feiner / CNBC: |
New York AG plans to investigate social media platforms “used to stream, promote, or plan” the Buffalo attack, including Twitch, Discord, 4chan, and 8chan — - New York Attorney General Letitia James will investigate social media companies in connection to the apparently racially motivated attack …
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TechCrunch, NPR, GamesIndustry.biz, The Verge, CNN, State of New York, Protocol, The Hill, The i Paper, Engadget, Mashable, Polygon, GameSpot, Kotaku, and Dot Esports
Tweets: @newyorkstateag, @newyorkstateag, @markhughesfilms, @gregkash, @deoliver47, @nycmayor, @notcapnamerica, @gpollowitz, @gregkash, and @b_fung
| Manish Singh / TechCrunch: |
India says cloud providers and VPN operators that don't comply with its cybersecurity rules, which go into effect in late June, “will have to pull out” of India — India is pushing ahead with its new cybersecurity rules that will require cloud service providers and VPN operators …
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Slashdot, TechCircle, Inc42 Media, PCMag, and The Economic Times
| Financial Times: |
China's top economic official meets with dozens of tech execs and experts and pledges “support” for Chinese tech companies amid a deepening economic slump — Beijing's top economic official holds meetings with executives and industry experts — China's top economic official met dozens … | Zheping Huang / Bloomberg: |
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South China Morning Post, PingWest, Wall Street Journal, Financial Times, Coinspeaker, Reuters, and Tencent Investor Relations
Tweets: @sofiahcbbg, @theemikehobart, and @financial_orbit
| Mary Ann Azevedo / TechCrunch: |
SpotOn, which provides payment and management services to SMBs in retail, food, and hospitality, raises a $300M Series F led by Dragoneer at a $3.6B valuation — Payments and software startup SpotOn has closed on $300 million in a Series F financing that values the company at $3.6 billion.
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San Francisco Business Journal, Heart & Hustle, Grit Daily News, Restaurant Business, and Reuters. Tweets: @caseynewton
| Wall Street Journal: |
Google's Russian subsidiary plans to file for bankruptcy, saying it cannot pay employees, suppliers, and vendors after authorities seized its local bank account — Departure of employees comes as Russian subsidiary prepares to declare bankruptcy, effectively ending the company's commercial operations in the country
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International Business Times, ZDNet, Reuters, Engadget, Ars Technica, Android Beat, CRN, The Verge, Android Police, The Mac Observer, PCMag, Telegraph, The Economic Times, Slashdot, and The Hill
Tweets: @trippmickle and @samschech
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