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May 25, 2022, 9:05 PM
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| 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 jumps 7%+ — A new filing reveals that Elon Musk plans to front $33.5 billion in his bid to take over Twitter.
More:
SEC.gov, ZDNet, Washington Post, The Hill, TechCrunch, TheStreet, Protocol, Wall Street Journal, The Verge, Bloomberg, Reuters, Crypto Briefing, The Guardian, Benzinga, Financial Times, and Forbes
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:
9to5Mac, Gizmodo, MobileSyrup, Social Media Today, Puck, iMore, SlashGear, Daily Mail, iPhone in Canada Blog, and The Block
Tweets: @jackmurphylive, @davetroy, and @rustybrick
| 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” …
More:
BleepingComputer, Federal Trade Commission, U.S. Department of Justice, Twitter, NPR, Engadget, Federal Trade Commission, CNN, Washington Post, Insider, Protocol, The Hill, New York Times, TechCrunch, The Verge, Hollywood Reporter, Deadline, CNBC, and Variety
Tweets: @adam_k_levin, @can, @ewa_jodlowska, @wbm312, @b_fung, and @profcarroll
| 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, Bloomberg Law, Insider, Engadget, 9to5Mac, TechCrunch, CNBC, AppleInsider, iPhone in Canada Blog, MacDailyNews, iMore, and MacRumors
Tweets: @moreperfectus, @ashleygjovik, @ashleygjovik, @appleworkers, @fruitstoreninja, @creative_rants, @infrophell, @ashleygjovik, @ashleygjovik, @infrophell, @applelaborers, @phausler, @collindonnell, @collindonnell, @lordravenscraft, @laurenkgurley, @ns0n, @mclendaniel, @david_moscrop, @zoeschiffer, @somospostpc, @alex, @markgurman, @ranimolla, @newsynick, and @mjh_txt
| Lawrence Abrams / BleepingComputer: |
DuckDuckGo confirms a researcher's findings that its browser allows some Microsoft trackers on third-party sites, citing a Microsoft search content agreement — The privacy-focused DuckDuckGo browser purposely allows Microsoft trackers on third-party sites due to an agreement …
Source:
@thezedwards and @yegg. More:
9to5Mac, The Register, PCMag, Beyond Search, Android Police, SlashGear, iPhone in Canada Blog, SiliconANGLE, HackRead, Нов …, TechRadar, The Mac Observer, gHacks Technology News, Thurrott, and Tom Merritt Tech Newsletter
Tweets: @shivan_kaul, @thezedwards, @yegg, @yegg, @henkvaness, @samfbiddle, @rstephens, @thezedwards, @thezedwards, @henkvaness, @yegg, @yegg, @yegg, @stammy, @pixeldetracking, @richontech, @thezedwards, @thezedwards, @samfbiddle, @thezedwards, @j_opdenakker, @henkvaness, @yoda, @yegg, @sethforprivacy, @privacymatters, and @evacide
| Hannah Murphy / Financial Times: |
Andreessen Horowitz announces a $4.5B crypto fund, its fourth and largest so far, allocating about $1.5B for seed investments and $3B for venture investments — Venture capital group launches its largest fund to date focused on digital assets despite market downturn
Source:
a16z crypto. More:
CNBC, Decrypt, CoinDesk, The Block, Axios, Reuters, The Daily Hodl, CoinGape, TechCrunch, Coinspeaker, Newslit Daily, ZyCrypto, CoinJournal, Crypto Daily, San Francisco Business Journal, Crowdfund Insider, The Economic Times, Cryptopolitan, CryptoSlate, SiliconANGLE, Cointelegraph, Silicon Republic, Finbold, CoinDesk, Bloomberg, and Protocol
Tweets: @ariannasimpson, @iankar_, @cryptoethan, @janehk, @therealjpk, @phoenix_ash3s, @ariannasimpson, @nischalshetty, @telcoinpaul, @joonian, @jimpethokoukis, @andrewchen, @ftx_access, @tsuvik, @faresben_eth, @fintechfrank, @taigxrp, @benedictevans, @smc90, @0xfoobar, @ahcastor, @sytaylor, @sarthakgh, @rahulsood, @silvermanjacob, @yoda, @austin_federa, @scottmelker, @cryptomanran, @mdudas, @kr00ney, @packym, and @silvermanjacob
| Nathan Ingraham / Engadget: |
Encrypted email service ProtonMail rebrands itself as Proton, and unifies its calendar, storage, and VPN products under Free, Mail Plus, and Unlimited plans — For the privacy-minded, ProtonMail has been one of the better options for secure email — you can get an (admittedly basic) …
More:
Proton, Wired, PCMag, Android Police, TechSpot, 9to5Mac, iPhone in Canada Blog, MacRumors, and TechRadar
Tweets: @sethforprivacy and @protonmail
| Sarah Emerson / BuzzFeed News: |
After actor and producer Seth Green lost four NFTs to a phishing scam, his show based on his stolen Bored Ape NFT is in doubt; OpenSea says it froze the NFTs — Actor and producer Seth Green was robbed of several NFTs this month after succumbing to a phishing scam that inadvertently threw …
More:
Benzinga, PYMNTS.com, Politico, Medallion XLN's Newsletter, BivNFT ⚓, Bloomberg, Krypto Oppsummering, TheGamer, Coinspeaker, IGN, Protocol, and Cryptonews
Tweets: @morebuttertv, @sethgreen, @sethgreen, @neerajka, @sarahnemerson, @foldablehuman, @prestonjbyrne, @foldablehuman, @thedextriarchy, @reckless, @sethgreen, @nydoorman, @chhopsky, @samfbiddle, @foldablehuman, @foldablehuman, @matt_levine, @anthony, @rjcc, @dyllyp, @matt_levine, @mmasnick, @pt, @alexhern, @dcwoodruff, @brndnstrssng, @evanmcmurry, @jaredlholt, @oomfmagazine, @dril, @paperghost, @taylorlorenz, @mmasnick, @cwarzel, and @ahcastor
| Aisha Malik / TechCrunch: |
Google starts rolling out ads in YouTube Shorts globally and says advertisers will be able to make their video ads on Shorts more shoppable later in 2022 — Google is starting to gradually roll out ads in YouTube Shorts around the world, the company announced at its Marketing Live event this week.| Issie Lapowsky / Protocol: |
Peter Thiel steps down from Meta's board, on which he secured a seat 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:
CNET and Daily Mail
Tweets: @vickerysec, @vickerysec, @vickerysec, @doombergt, @stealthqe4, @zerohedge, @jason_kint, @buccocapital, and @darnelsugarfoo
| Gabrielle Coppola / Bloomberg: |
Luminar hires CJ Moore, a manager on Apple's car project who joined in August 2021 from Tesla where he was an Autopilot director, to lead software development — Luminar Technologies Inc. said it hired CJ Moore, a manager on Apple Inc.'s car project and a former director for Autopilot projects …
More:
Luminar, Ars Technica, Investing.com, Jalopnik, The Verge, 9to5Mac, iPhone in Canada Blog, MacRumors, Redmond Pie, iMore, and AppleInsider
Tweets: @markgurman, @markgurman, @tailosivetech, @jotrader4, and @sawyermerritt
| 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.
More:
Protocol, PYMNTS.com, Axios, New York Post, Forbes, New York Times, City A.M., San Francisco Business Journal, and Bloomberg
| Bloomberg: |
Sources: business travel and expense management service TripActions is in talks to raise funding at a ~$9B valuation; TripActions raised $275M in October 2021 — Startup TripActions is in talks for new round of funding at a higher valuation, signaling investors remain interested …
More:
Silicon Valley Business … and Crunchbase News
| Mark Bergen / Bloomberg: |
A look at Google's renewed push into e-commerce, led by SVP Prabhakar Raghavan, positioning itself as a kind of anti-Amazon, which has long dominated the sector — Google executive Prabhakar Raghavan recently had an issue with his rose bushes. His wife took a photo of the plants on her phone …
Tweets: @edbott, @mhbergen, @sarahfrier, @mhbergen, and @mhbergen
| Vishal Chawla / The Block: |
Do Kwon's proposal to relaunch the Terra blockchain passes with 65.5% of the governance vote; Terra 2.0 is set to go live on Friday without the UST stablecoin — Quick Take — Do Kwon's proposal to relaunch the Terra blockchain has passed. — In total, 65.5% of votes supported the proposal.
More:
Bloomberg, CoinDesk, Crypto Briefing, Terra Research Forum, Blockworks, CNBC, The Guardian, ZyCrypto, Protocol, Bitcoinist.com, Ethereum World News, and CoinQuora
Tweets: @binance, @wublockchain, @silvermanjacob, @edzitron, @route2fi, @caseynewton, @peterrojas, @danielsingers, @silvermanjacob, @ashwsbreal, and @adamsinger
| Mary Ann Azevedo / TechCrunch: |
Zip, whose SaaS product allows businesses to simplify the internal procurement process, raises a $43M Series B led by YC Continuity at a $1.2B valuation — The process to make any purchase within a business can be long and cumbersome, involving multiple departments and lots of back and forth.
More:
Business Wire, ziphq.com, and FinSMEs
| Eric Rosenbaum / CNBC: |
Airspace, a logistics startup that uses AI to optimize time-critical deliveries globally, raises $70M led by DBL Partners, bringing its total funding to $138M — - Airspace, a logistics start-up that focuses on applying AI and machine learning to time-critical delivery … | 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 …
More:
Financial Times
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