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May 23, 2022, 2:40 PM
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memeorandum
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| Bloomberg: |
Sources: Broadcom is in talks to acquire VMware, which has a ~$40B market cap; the discussions are ongoing and there's no guarantee they will lead to a purchase — Broadcom Inc. is in talks to acquire cloud-computing company VMware Inc., according to people familiar with the matter …
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Bloomberg, TechCrunch, Crunchbase News, New York Times, datacenterknowledge.com, Wall Street Journal, CNBC, San Francisco Business Journal, Network World, Telegraph, The Irish Times, iPhone in Canada Blog, CRN, RCR Wireless News, Neowin, Reuters, Channel Futures, DCD, Newslit Daily, Tech Monitor, TechRadar, Protocol, City A.M., iTnews, The Register, CNBC, and SiliconANGLE
| New York Times: |
A look at efforts by 50+ countries to control the data produced by their citizens, governments, and businesses, driven by privacy concerns, economics, and more — Nations are accelerating efforts to control data produced within their perimeters, disrupting the flow of what has become a kind of digital currency.
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Fortune. Tweets: @imeluny, @itifdc, @wbm312, @pt, @satariano, @vickerysec, @davidheniguk, @dmccabe, @profcarroll, and @davidheniguk
| Natasha Lomas / TechCrunch: |
UK's data protection watchdog fines Clearview AI ~£7.5M for violating privacy laws and orders the company to delete all info on UK citizens from its systems — The UK's data protection watchdog has confirmed a penalty for the controversial facial recognition company, Clearview AI … | Mimi Billing / Sifted: |
Klarna tells employees it plans to lay off 10% of its workforce, after reports of raising money at a reduced $30B valuation; LinkedIn shows it has 6,500+ staff — Last week, the Wall Street Journal reported that Klarna was seeking a new round of investment that could see its valuation brought down by a third, from $46bn to $30bn.
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TechCrunch, Protocol, Finextra, Klarna, CNBC, The Block, and Financial Times
Tweets: @iatalkspace, @siftedeu, and @amyrlewin
| Tripp Mickle / New York Times: |
Meta, Apple, Amazon, Microsoft, and Google are positioned to emerge stronger from this downturn; Refinitiv: from 2008 to 2010, the companies acquired 100+ firms — Flush with cash, Facebook, Apple, Amazon, Microsoft and Google are positioned to emerge from a downturn stronger and more powerful.
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Computerworld, AppleInsider, MacDailyNews, 9to5Mac, NEWS.am, and Reuters
| Mike Isaac / New York Times: |
Meta plans to give outside researchers more info on political ad targeting on Facebook and Instagram and to update Ad Library with more info starting in July — Academics and journalists will be able to see more data about the way political ads are used to target users across Facebook and Instagram.
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Gizmodo, Meta, Bloomberg, The Economic Times, and Protocol
Tweets: @nytimes, @ianclucas, @ianclucas, @whotargetsme, @justinhendrix, @andymstone, @markscott82, @markscott82, @nytimestech, and @blackamazon
| Issie Lapowsky / Protocol: |
The 11th Circuit federal court upholds blocking Florida's social media “censorship” law to protect First Amendment rights, as SCOTUS weighs Texas' similar law — As the Supreme Court weighs whether to block Texas' social media “censorship” law, a court of appeals has decided …
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Techdirt and Technology & …
Tweets: @b_fung, @cat_zakrzewski, @aricohn, @aricohn, @b_fung, @cat_zakrzewski, @b_fung, @davidgreene, @b_fung, @issielapowsky, and @b_fung
| Financial Times: |
On April 6, weeks before UST collapsed, Binance promoted the stablecoin on Telegram as a “High Yield, Safe & Happy Earn” investment with an annual 19.63% yield — World's biggest crypto exchange marketed stablecoin lending scheme offering nearly 20% yield
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Protos, Cryptonews, and TradingBTC.com
Tweets: @frank_giustra, @katie_martin_fx, and @muradahmed
| Spencer Soper / Bloomberg: |
Sources: Amazon, which has too much warehouse capacity now that pandemic-era shopping has faded, is looking to sublet at least 10M square feet across the US — Amazon.com Inc., stuck with too much warehouse capacity now that the surge in pandemic-era shopping has faded …
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PCMag. Tweets: @gerritd, @shiraovide, @stanphylcap, @h_thoreson, @dofornop, @jimpethokoukis, @yevp, @supheci_kimse, @aoverk, @capitalobserver, @firstadopter, @mattmday, and @rebovichinst
| TechCrunch: |
Sources: MainStreet, which helps SMBs find tax credits, is raising at a $200M valuation, down from $500M in March 2021, weeks after laying off ~30% of its staff — Weeks after laying off about 30% of its staff, MainStreet is said to be raising another round of funding at a $200 million valuation, sources tell TechCrunch.| Wall Street Journal: |
Chat logs: Twitter employees are bewildered about what their jobs are and will be after Elon Musk takes over; VP Jay Sullivan expects a “chaos tax” to continue — Deal has left employees bewildered about what their jobs are and will be — In one 24-hour period this month …
Tweets: @rupasubramanya, @saraheneedleman, and @saraheneedleman
| Eva Szalay / Financial Times: |
BNP Paribas joins JPMorgan's blockchain-based Onyx network for the repurchase market, which has facilitated $300B+ in deals since December — BNP Paribas joins JPMorgan-powered platform that has traded more $300bn of intraday repo deals — BNP Paribas has joined JPMorgan in using digital tokens …
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PYMNTS.com, Blockworks, CryptoSlate, CoinDesk, Off to Lunch, Cryptonews, and Coinspeaker
Tweets: @mayazi, @andrewcarrier, @a_lagna, @lindayueh, and @mayazi
| Rita Liao / TechCrunch: |
StepN, a Solana-based app that rewards users with tokens for walking and running, says it has 2M-3M MAUs and makes $3M-5M/day in net profit from trading fees — But skeptics question its sustainability and whether it can be called a ‘game’ — Since its launch in December, StepN …
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Micky. Tweets: @patio11, @genia_xx, @acityinohio, @shitirastogi, @sk8ercurt, @tuviae, @mdudas, @dreamboat_id, @zachweinberg, and @alexanderchopan
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