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May 23, 2022, 1:55 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, Crunchbase News, datacenterknowledge.com, New York Times, Wall Street Journal, CNBC, CRN, Silicon Valley Business …, Telegraph, Network World, TechCrunch, The Irish Times, iPhone in Canada Blog, RCR Wireless News, Neowin, Tech Monitor, Reuters, City A.M., Channel Futures, DCD, Newslit Daily, TechRadar, Protocol, iTnews, Reuters, The Register, 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, @wbm312, @pt, @vickerysec, @profcarroll, @satariano, @davidheniguk, @dmccabe, and @davidheniguk
| Matt Burgess / Wired: |
As GDPR turns four, despite some positives, regulators struggle to keep up with complaints, the ad industry remains littered with potential abuses, and more — The world-leading data law changed how companies work. But four years on, there's a lag on cleaning up Big Tech.| 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.
Source:
Klarna. More:
TechCrunch, Finextra, CNBC, 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, 9to5Mac, MacDailyNews, NEWS.am, and Reuters
| Mike Isaac / New York Times: |
Meta says it plans to give outside researchers more info on political ad targeting on Facebook and Instagram and will update Ad Library with more info from 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.
More:
Bloomberg, Meta, The Economic Times, and Protocol
Tweets: @whotargetsme, @nytimes, @ianclucas, @ianclucas, @justinhendrix, @andymstone, @markscott82, @markscott82, @nytimestech, and @blackamazon
| 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 ~20% yield — World's biggest crypto exchange marketed stablecoin lending scheme offering nearly 20% yield| Issie Lapowsky / Protocol: |
The 11th Circuit federal court upholds the block on Florida's social media “censorship” law over First Amendment concerns, as SCOTUS weighs Texas' similar law — As the Supreme Court weighs whether to block Texas's social media “censorship” law, a court of appeals has decided …
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Technology & …. Tweets: @b_fung, @cat_zakrzewski, @aricohn, @aricohn, @b_fung, @cat_zakrzewski, @b_fung, @davidgreene, @b_fung, @issielapowsky, and @b_fung
| Spencer Soper / Bloomberg: |
Sources: Amazon, which has too much warehouse capacity after the pandemic, is looking to sublet over 10M square feet in New York, California, and elsewhere — 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: @stanphylcap, @h_thoreson, @dofornop, @jimpethokoukis, @yevp, @supheci_kimse, @aoverk, @capitalobserver, @firstadopter, @mattmday, and @rebovichinst
| Wall Street Journal: |
After Elon Musk attempted to pause the Twitter deal, internal chat logs detail bewilderment among employees; VP Jay Sullivan says a “chaos tax” will 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
| 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, @alexanderchopan, @acityinohio, @shitirastogi, @sk8ercurt, @tuviae, @mdudas, @dreamboat_id, and @zachweinberg
| 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 …
More:
PYMNTS.com, Blockworks, CoinDesk, Off to Lunch, Cryptonews, and Coinspeaker
Tweets: @mayazi, @andrewcarrier, @a_lagna, @lindayueh, and @mayazi
| Damien Wilde / 9to5Google: |
Xiaomi signs a long-term partnership with Leica and announces a jointly developed smartphone will launch in July 2022, likely with the Snapdragon 8 Plus Gen 1 — Xiaomi has signed a “long-term strategic partnership” with camera and camera lens manufacturer Leica in a bid to improve …
More:
Xiaomi, HotHardware.com News, XDA Developers, South China Morning Post, Engadget, Digital Trends, TalkAndroid.com, Fossbytes, Android Police, Digit, Phandroid, TechCircle, Sammy Fans, PhoneArena, Pocket-lint, Android Headlines, Neowin, Android Authority, Android Central, and Gizchina
Tweets: @philstarlife, @aamirsidd94, @gizchina, @androidauth, and @bencsin
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