Techmeme
May 18, 2022, 8:55 PM

Top News

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 …
Bloomberg:
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 …
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
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 …
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.
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 …
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.
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 …
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 …
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.
Sam Rutherford / Engadget:
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 …
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:

Sponsor Posts

Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
Zoho Sign is a “high growth performer” in the Frost & Sullivan's Frost Radar™ for electronic signature software, 2024  —  We are happy to announce that Zoho Sign has clinched a position as a high growth performer …
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more  —  We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics.  Download reports immediately for just $100.
Techmeme Ride Home:
(Portfolio Profile) Middle Mile
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:55 PM ET, May 18, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Cat Zakrzewski / Washington Post:
Bloomberg:
Emily Nicolle / Bloomberg:
Wall Street Journal:

Earlier Picks

Tomio Geron / Protocol:
Nellie Andreeva / Deadline:
Bloomberg:
Tiffany Hsu / New York Times:
Mark Gurman / Bloomberg: