Techmeme
May 26, 2022, 6:25 AM

Top News

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” …
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 …
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 …
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.
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.
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.
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.
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.
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
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.
Zheping Huang / Bloomberg:
Baidu beats estimates as Q1 revenue rose 1% YoY to ~$4.2B but misses with a ~$131.5M net loss, amid a shift into AI and supplying tech to others  —  Baidu Inc. posted a surprise rise in revenue, after efforts to expand in areas such as cloud computing and autonomous driving offset weak ad sales in China.
More: Baidu Inc

Sponsor Posts

Intel:
Managing a Complex Multi-Cloud Environment Requires a Reliable Ecosystem  —  To avoid vendor lock-in and effectively manage your mission critical workload needs, you need a reliable ecosystem and architecture
MicroAcquire:
New opportunities are waiting for you  —  Join 100,000+ entrepreneurs buying and selling startups on the world's #1 acquisition marketplace.  Expertly curated to match serious buyers with pre-vetted startups of all sizes.
Zoho:
From homemaker to mompreneur: Bhavani's digital transformation journey  —  Meet Bhavani, mother of three, homemaker, and ex-teacher from the deep roots of Tamil Nadu.  Setting up her own business has always been her dream.
Storyblok:
The only headless CMS with a visual editor  —  Devs get the flexibility to build experiences for any frontend, while content creators need no coding skills to edit content independently.
Techmeme Ride Home:
Wed. 06/29 - Netflix Running Up That Hill
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 6:25 AM ET, May 26, 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

Kif Leswing / CNBC:

Earlier Picks

Mark Bergen / Bloomberg:
Gabrielle Coppola / Bloomberg:
Nathan Ingraham / Engadget:
Vishal Chawla / The Block:
Lawrence Abrams / BleepingComputer:
Hannah Murphy / Financial Times: