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May 26, 2022, 9:10 AM
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WeSmirchTop News
| Tim Higgins / Wall Street Journal: |
Apple will raise the hourly pay for US workers to $22, up 45% from 2018, amid inflation and a unionization push; US starting salaries are also expected to rise — The iPhone maker faces store unionization attempts, higher inflation — Apple Inc. AAPL .11%▲ is boosting pay …
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CNBC, PCMag, Gizmodo, The Verge, Engadget, Barron's Online, MacRumors, Reuters, Financial Times, WRAL TechWire, Fortune, Insider, iMore, Philip Elmer‑DeWitt, Bloomberg, iClarified, and AppleInsider
Tweets: @jasoncross00, @timkhiggins, and @rationalwalk
| Lauren Kaori Gurley / VICE: |
Leaked video: Apple SVP of Retail + People Deirdre O'Brien tells employees that joining a union would make it harder for Apple to improve working conditions — In an internal video circulated among Apple's 58,000 retail employees, Apple's vice-president of retail suggested that a union …
More:
The Verge, Bloomberg, 9to5Mac, Bloomberg Law, Patently Apple, Insider, CNBC, Philip Elmer‑DeWitt, Engadget, TechCrunch, iPhone in Canada Blog, MacDailyNews, iMore, MacRumors, and AppleInsider
Tweets: @moreperfectus, @markgurman, @collindonnell, @ashleygjovik, @greenhousenyt, @gotbizintros, @alexspeidel, @appleworkers, @applelaborers, @creative_rants, @acoreunion, @ashleygjovik, @collindonnell, @bradbrovino, @gotbizintros, @apple_union, @infrophell, @fruitstoreninja, @ryanbealey, @zoeschiffer, @imajorwish, @code_cwa, @infrophell, @ashleygjovik, @creative_rants, @techwontsaveus, @moreperfectus, @acoreunion, @applelaborers, @cscode_, @phausler, @ashleygjovik, @greenhousenyt, @zoeschiffer, @mclendaniel, @ranimolla, @ns0n, @newsynick, @david_moscrop, @mjh_txt, @cherthedev, @somospostpc, @lisemlareau, @apple_union, @code_cwa, @alex, @lordravenscraft, @laurenkgurley, and @markgurman
| Diane Bartz / Reuters: |
Twitter agrees to pay $150M to the FTC, settling allegations that it misrepresented the “security and privacy” of user data between May 2013 and September 2019 — Twitter Inc (TWTR.N) has settled with U.S. authorities over allegations it misrepresented the “security and privacy” …
Source:
Federal Trade Commission. More:
Twitter, BleepingComputer, NPR, Federal Trade Commission, The Record, SiliconANGLE, Reuters, Twitter Help Center, NBC News, Mashable, MediaNama, TechCircle, The Hacker News, WRAL TechWire, Hollywood Reporter, Cybernews.com, Deadline, Variety, The Hill, The Verge, TechCrunch, and Pixel Envy
Tweets: @profcarroll, @jimmypatronis, @ewa_jodlowska, @wbm312, @janschakowsky, @bashco_, @matthew_d_green, @can, @b_fung, and @adam_k_levin
| CNBC: |
Filing: Elon Musk plans to provide an additional $6.25B in equity financing for his Twitter buyout, boosting his commitment to $33.5B; Twitter's stock rises 5%+ — A new filing reveals that Elon Musk plans to front $33.5 billion in his bid to take over Twitter.
Source:
U.S. Securities …. More:
The Register, The Verge, Silicon Republic, Protocol, Decrypt, TNW, Bloomberg, Washington Post, Yahoo Finance, ExchangeWire.com, CNN, Forbes, ZDNet, BGR India, Crypto Briefing, Reuters, Financial Times, TechCrunch, TheStreet, and Benzinga
Tweets: @sherman4949, @saysdana, and @teddyschleifer
| Dan Primack / Axios: |
Jack Dorsey leaves Twitter's board of directors, effective today; Dorsey has discussed rolling over his 2.4% Twitter stake into Elon Musk's takeover deal — Jack Dorsey is leaving the board of Twitter, effective today. The move had been telegraphed last fall, when he stepped down as the social media company's CEO.
More:
TechCrunch, PYMNTS.com, NBC News, 9to5Mac, The Economic Times, Newser, Platformer, MobileSyrup, The Hill, Social Media Today, SlashGear, iPhone in Canada Blog, and Daily Mail
Tweets: @jackmurphylive, @davetroy, and @rustybrick
| Chavi Mehta / Reuters: |
Broadcom announces plans to acquire VMware for around $61B in cash and stock, paying $142.50 per share, and will assume VMware's $8B in net debt — May 26 (Reuters) - Broadcom Inc (AVGO.O) said on Thursday it will buy cloud service provider VMware Inc (VMW.N) in a $61 billion cash-and-stock deal …
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Broadcom Inc., CNBC, Engadget, govinfosecurity.com, CRN, Silicon Valley Business …, BetaNews, Network World, The Verge, VentureBeat, Protocol, Protocol, TechCrunch, Bloomberg, New York Times, Wall Street Journal, Financial Times, Axios, TechRadar, Barron's Online, Phoronix, and Help Net Security
| Patrick McGee / Financial Times: |
Q&A with Epic CEO Tim Sweeney on creating the metaverse, growing the Unreal Engine, Apple and Google's app store policies, Meta's metaverse plans, and more — Online game Fortnite is arguably the closest thing to the metaverse that exists today. Some 70mn gamers immerse themselves …
More:
9to5Mac, Apple, AppleInsider, MacRumors, iMore, and iMore
Tweets: @tim, @1br0wn, @aledonetti, and @alexstlouis10
| Sujith Somraaj / Decrypt: |
Binance, FTX, Crypto.com, Bitfinex, and other exchanges have pledged support for Do Kwon's Terra 2.0, set to launch on Friday by airdropping tokens — Cryptocurrency exchanges have pledged support to Terra's upcoming relaunch, following the passing of a proposal to launch a new blockchain.
More:
Gate.io, Cointelegraph, Ethereum World News, Waivly, Cointelegraph, BeInCrypto, Blockchain News, and CryptoPotato
Tweets: @terra_money, @huobiglobal, @binance, @bitrueofficial, @bitfinex, @ftx_official, @kucoincom, @cryptocom, @silvermanjacob, and @bybit_official
| Sam Nussey / Reuters: |
Sony says it plans to ramp up PlayStation 5 production and signals a radical broadening of its game portfolio, including more titles on PC and mobile — Sony Group Corp (6758.T) said it plans to ramp up production of its PlayStation 5 console as supply chain snarls ease and signalled …
More:
The Verge, Video Games Chronicle, Bloomberg, PCMag, Tech Advisor, Engadget, Benzinga, TheGamer, The Verge, and Video Games Chronicle
| Debby Wu / Bloomberg: |
Sources: Apple plans to keep iPhone production at ~220M, about the same as last year, compared to ~240M market forecasts, amid inflation and a tough market — Apple Inc. is planning to keep iPhone production roughly flat in 2022, a conservative stance as the year turns increasingly challenging for the smartphone industry.
More:
AppleInsider, 9to5Mac, MacRumors, PhoneArena, Fossbytes, Tom's Guide, TechRadar, Patently Apple, Barron's Online, and iMore. Tweets: @lisaabramowicz1
| TechCrunch: |
Sources: one-click checkout service Bolt has laid off 100+ employees across go-to-market, sales, and recruiting roles amid slowing revenue and customer growth — One-click checkout startup Bolt has laid off at least 100 employees and counting across go-to-market, sales and recruiting roles, sources say.
Source:
Bolt. More:
Protocol, New York Times, Tech in Asia, PYMNTS.com, City A.M., San Francisco Business Journal, Axios, New York Post, and Forbes
Tweets: @kuruvillamaju and @hhariri
| Alex Konrad / Forbes: |
A profile of Stripe's John and Patrick Collison; sources say the startup's gross revenue rose 60% YoY to nearly $12B in 2021 as net revenue reached almost $2.5B — Billionaire brothers John and Patrick Collison built Stripe into one of the world's most-hyped, highest valued — and profitable! — startups, worth some $95 billion.
Tweets: @alexrkonrad, @alexrkonrad, @alexrkonrad, @alexrkonrad, and @alexrkonrad
| Jonathan Browning / Bloomberg: |
The UK's CMA opens an investigation into whether Google illegally favored its own ad tech exchange services and excluded rivals — The UK's antitrust watchdog started a new investigation of Alphabet Inc.'s Google, over suspicions it may have abused its dominant position across its ad tech … | Ashley Stewart / Insider: |
Interviews with former and current Microsoft employees suggest a widespread pattern of executive misconduct persists, years after Satya Nadella vowed to end it — The Microsoft executive walked into the small, windowless room in Studio C at about 8 o'clock that evening.
More:
Windows Central and OnMSFT.com
Tweets: @hughlangley, @grahamstarr, @businessinsider, and @ethangach
| Liam Tung / ZDNet: |
A 51-page Senate committee report warns that the US government lacks comprehensive data on ransomware attacks and payments and suffers from fragmented reporting — The US government must clean up ransomware reporting and data collection if it wants to devise adequate policy responses.
Source:
Homeland Security and Governmental Affairs Committee. More:
The Record and Cybersecurity Dive
Tweets: @campuscodi, @ericgeller, and @hsgac
| Peter Grant / Wall Street Journal: |
Some hotels are looking to guarantee bookings revenue by partnering with startups like Pinktada that convert stays into NFTs to be bought and sold by guests — NFTs also are being used to raise capital to buy golf courses or land, giving token buyers a stake in the projects
Tweets: @maxwellstrachan, @nameshiv, @evacide, @thekafkadude, @thelincoln, @eden_holdings, @sub8u, @blackamazon, @xenollamas, and @mylesudland
| Issie Lapowsky / Protocol: |
Peter Thiel steps down from Meta's board, which he joined in 2005 after investing $500K; Meta announced in February 2022 that Thiel would be leaving — Peter Thiel has officially stepped down from Meta's board, a position he's held since Facebook was in its infancy.
More:
The Economic Times, CNET, and Daily Mail
Tweets: @vickerysec, @vickerysec, @santiagoaufund, @vickerysec, @darnelsugarfoo, @buccocapital, @doombergt, @stealthqe4, @zerohedge, and @jason_kint
| Coco Liu / Bloomberg: |
Alibaba beats estimates as Q4 revenue rose 9% YoY to ~$30.3B, the second straight quarter of single-digit growth, and its net loss reached ~$2.4B — Alibaba Group Holding Ltd. reported a better-than-expected 9% rise in revenue after Chinese consumers turned to online malls for basic needs during Covid lockdowns across the country.| Lauren Rosenblatt / The Seattle Times: |
At its annual meeting, Amazon shareholders approve Andy Jassy's $212M pay package and vote down 15 proposals on unionization, the environment, and more — At its annual meeting for shareholders, Amazon's investors approved a more than $212 million payout for CEO Andy Jassy and voted …
More:
The Guardian, The Information, Reuters, Protocol, and GeekWire
| Mike Butcher / TechCrunch: |
UK-based Bloom, which uses AI to offer e-commerce startups revenue-based loans, raises a £300M Series A led by Credo and Fortress, bringing its funding to £307M — While the likes of Pipe are reaching multi-billion valuations, European revenue-based financing is experiencing as much of a boom as it is in the US.| Chad Bray / South China Morning Post: |
The UK orders a security review of chipmaker Newport Wafer Fab's sale to Nexperia, the Dutch subsidiary of China's Wingtech, after reportedly not intervening — Assessment of US$79 million acquisition of Britain's biggest semiconductor maker comes under new powers conferred by National Security … Sponsor Posts
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