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May 26, 2022, 12:20 PM
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| 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 …
Source:
Broadcom Inc.. More:
Wall Street Journal, CNBC, datacenterknowledge.com, VentureBeat, The Verge, New York Times, DCD, AppleInsider, Windows Central, Silicon Republic, Bloomberg, CRN, Engadget, Network World, CNET, BetaNews, govinfosecurity.com, Protocol, Protocol, Axios, Light Reading, Associated Press, TechCrunch, Channel Futures, Financial Times, Barron's Online, and Phoronix
Tweets: @film_girl, @film_girl, @ctoadvisor, @dillten, @jordannovet, @kristinaparts, @jonerlichman, @geoffblaber, and @arekfurt
| 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, Protocol, Silicon Valley Business …, MacRumors, PCMag, New York Post, Gizmodo, Barron's Online, Financial Times, TechSpot, iThinkDifferent, The Verge, The Mac Observer, Engadget, The Economic Times, Insider, Fortune, iMore, WRAL TechWire, Philip Elmer‑DeWitt, iClarified, Reuters, AppleInsider, and Bloomberg
Tweets: @carnage4life, @mikeisaac, @mikeisaac, @cherthedev, @jasoncross00, @rationalwalk, and @timkhiggins
| Lauren Kaori Gurley / VICE: |
More:
Bloomberg, The Verge, Bloomberg Law, 9to5Mac, and Philip Elmer‑DeWitt
Tweets: @moreperfectus, @markgurman, @collindonnell, @ashleygjovik, @greenhousenyt, @gotbizintros, @acoreunion, @ashleygjovik, @collindonnell, @infrophell, @applelaborers, @ashleygjovik, @applelaborers, @cscode_, @phausler, @greenhousenyt, @alexspeidel, @appleworkers, @creative_rants, @bradbrovino, @gotbizintros, @apple_union, @fruitstoreninja, @ryanbealey, @zoeschiffer, @imajorwish, @code_cwa, @infrophell, @creative_rants, @techwontsaveus, @moreperfectus, @acoreunion, @ashleygjovik, @zoeschiffer, @mclendaniel, @ns0n, @david_moscrop, @ranimolla, @newsynick, @mjh_txt, @cherthedev, @somospostpc, @lisemlareau, @apple_union, @code_cwa, @alex, @lordravenscraft, @laurenkgurley, and @markgurman
| Dan Primack / Axios: |
Bolt Financial laid off 185 employees, or about one-third of its workforce, a few of whom will have to pay back loans they took from the company within 90 days — One-click checkout company Bolt Financial yesterday laid off 185 employees, or approximately one-third of its workforce … | Kyle Alspach / Protocol: |
Cloud security company Lacework, which said in March that it has 1,000 employees, lays off 20% of its workforce; the company last raised $1.3B in November 2021 — A well-funded startup in the cybersecurity industry, Lacework, has become the latest tech firm to disclose a major round …
More:
SecurityWeek, Lacework, iTech Post, govinfosecurity.com, and Beyond Search
Tweets: @gergelyorosz, @narmacnetworth, @sweis, @coffeecraftcode, @endingwithali, @petecheslock, @sawaba, @riddle245, @ashwinv800, and @kylealspach
| 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, Gizmodo, U.S. Department of Justice, BleepingComputer, NPR, Reuters, Federal Trade Commission, HotHardware.com News, The Record, TechCrunch, SiliconANGLE, CyberScoop, NBC News, KnowTechie, The Hacker News, CNN, Hollywood Reporter, Cybernews.com, Variety, and Deadline
Tweets: @bashco_, @adam_k_levin, @jimmypatronis, @ewa_jodlowska, @wbm312, @janschakowsky, @matthew_d_green, @can, @b_fung, and @profcarroll
| 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, TechCrunch, AppleInsider, iMore, MacRumors, iMore, and iMore
Tweets: @tim, @aledonetti, @1br0wn, and @alexstlouis10
| Debby Wu / Bloomberg: |
Sources: Apple plans to keep iPhone production in 2022 at ~220M, about the same as 2021, 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:
9to5Mac, MacRumors, AppleInsider, 9to5Mac, iMore, MacDailyNews, The Mac Observer, PhoneArena, Fossbytes, Tom's Guide, TechRadar, Barron's Online, MacRumors, Patently Apple, iMore, and iClarified
Tweets: @mingchikuo, @mingchikuo, and @lisaabramowicz1
| 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.| 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:
Finbold, Gate.io, Cointelegraph, BeInCrypto, Waivly, Ethereum World News, and CryptoPotato
| 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:
Video Games Chronicle, Video Games Chronicle, The Verge, Bloomberg, 9to5Mac, The Verge, Forbes, PCMag, Tech Advisor, Engadget, and TheGamer. Tweets: @tomwarren
| Bloomberg: |
The tech market collapse, aided by macroeconomic forces, is an opportunity to reckon with inflated valuations, overzealous VCs, and the rise of crypto startups — Over the past half-century, Silicon Valley has toggled between two similar-sounding pursuits that are often in conflict: wealth creation and moneymaking.
Tweets: @bradstone, @mark_dow, @thestalwart, @hharrisemea, @retogregori, and @mpelletiercio
| 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:
GamesIndustry.biz, Thurrott, New York Post, TheGamer, and Windows Central
Tweets: @hughlangley, @businessinsider, @ethangach, and @grahamstarr
| 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 Verge, The Register, Washington Post, Protocol, Silicon Republic, Decrypt, Yahoo Finance, CNN, Forbes, ZDNet, TNW, TechCircle, BGR India, Financial Times, and Crypto Briefing
Tweets: @sherman4949, @saysdana, and @teddyschleifer
| Dan Primack / Axios: |
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TechCrunch, PYMNTS.com, 9to5Mac, Newser, The Economic Times, and Platformer
Tweets: @jackmurphylive, @davetroy, and @rustybrick
| Dina Bass / Bloomberg: |
Microsoft will slow hiring in Windows, Office, and Teams groups, citing a need to realign staffing priorities; all new hires must be approved by EVP Rajesh Jha — Microsoft Corp. will slow hiring in its Windows, Office and Teams chat and conferencing software groups, citing a need … | Noi Mahoney / FreightWaves: |
Fleet management software provider Motive, formerly called KeepTruckin, raises a $150M Series F led by Insight and Kleiner Perkins at a $2.85B valuation — Motive raised $150 million to invest in products aimed at the “safety, productivity and profitability” of businesses.
More:
FinSMEs and Business Wire
| 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 …
More:
GOV.UK, Silicon Republic, The Verge, BBC, Engadget, Android Central, Benzinga, TechCrunch, City A.M., and CNBC
| Steve Dent / Engadget: |
Oura partners with Gucci on the Gucci x Oura Ring wearable, letting users monitor heart rate, sleep, and more, available at select stores for $1,100 — Oura, the startup that's pushing the limits of how small a wearable can be, just announced a collaboration that could boost its profile considerably.
More:
CNET, PCMag, The Verge, TechCrunch, Input, WWD, Digital Trends, Highsnobiety, and Harper's BAZAAR
Tweets: @gucci and @darian314
| 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, Reuters, The Information, Protocol, and GeekWire
| Politico: |
Sources: a bipartisan bill that would stop platforms from favoring their own products is facing resistance from some Senate Democrats worried about the midterms — A bipartisan legislative effort to rein in the nation's largest tech companies is facing fresh resistance from a faction … Sponsor Posts
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a16z crypto. More:
Decrypt, AltFi, crypto.news, The Block, Crypto Executive Guide, CryptoGlobe, Bisonai's Newsletter, and Benzinga
Tweets: @ariannasimpson, @carrawu, @taigxrp, @rahulsood, @fintechfrank, @janehk, @andrewchen, @0xfoobar, @austin_federa, @phoenix_ash3s, @telcoinpaul, @smc90, @cryptoethan, and @scottmelker