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May 26, 2022, 7:00 PM
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WeSmirchTop News
| Chavi Mehta / Reuters: |
Broadcom offers to acquire VMware for ~$61B in cash and stock, paying $142.50 per share, a nearly 49% premium, 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 …
Source:
Broadcom Inc.. More:
CNBC, Wall Street Journal, The Verge, New York Times, TechCrunch, Silicon Republic, Associated Press, VentureBeat, Bank Automation News, Axios, The Economic Times, Ars Technica, Protocol, Telecoms.com, Light Reading, Windows Central, Network World, RCR Wireless News, San Francisco Business Journal, PCMag, ComputerWeekly.com, BetaNews, Financial Times, iClarified, HotHardware.com News, Protocol, Financial Times, The Register, AppleInsider, Bloomberg, Barron's Online, and Phoronix
Tweets: @film_girl, @jordannovet, @kristinaparts, @film_girl, @jonerlichman, @arekfurt, @ctoadvisor, @dillten, and @geoffblaber
| Politico: |
Sources: a bipartisan bill that would ban Big Tech companies from favoring their products faces 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 …
More:
9to5Mac, PCMag, klobuchar.senate.gov, HART Research Associates, MacDailyNews, AppleInsider, and MacRumors
Tweets: @adamkovac, @lutherlowe, @lutherlowe, @neil_chilson, @evan_greer, @evan_greer, @evan_greer, @fightfortheftr, @fightfortheftr, @adamkovac, @chrisj_lewis, @sachalouise, @sachalouise, @matthewstoller, @timsweeneyepic, @karlbode, @birnbaum_e, @zacharyleelee, @tomhebertdc, @pathedger18, @lamiasdottir, @demandprogress, @adamcancryn, @sachalouise, @adamcancryn, @matthewstoller, @jowens510, @senatorshoshana, @tomhebertdc, @reckless, @mpetricone, @matthewstoller, @johndavisson, @adamcancryn, @halsinger, and @nealkwatra
| The Markup: |
An investigation finds Apple, Meta, Amazon, Google, and Microsoft have launched a coordinated campaign in 31 states against data privacy legislation since 2021 — Coordinated industry lobbying is overwhelming the scattered efforts of consumer groups and privacy-minded lawmakers
More:
9to5Mac, Tom Kemp's Blog, and The Mac Observer
| Dina Bass / Bloomberg: |
Microsoft plans to slow hiring in Windows, Office, and Teams groups, citing a need to realign staffing priorities; EVP Rajesh Jha must approve all new hires — Microsoft Corp. will slow hiring in its Windows, Office and Teams chat and conferencing software groups, citing a need …
More:
Seattle Business Journal, Computerworld, Protocol, GeekWire, CNBC, Thurrott, Windows Central, OnMSFT.com, and Slashdot. Tweets: @dinabass
| Alex Konrad / Forbes: |
A profile of Stripe co-founders John and Patrick Collison; sources: Stripe 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.| Patrick McGee / Financial Times: |
Q&A with Epic CEO Tim Sweeney on creating the metaverse, Unreal Engine's role, Apple's and Google's app store monopolies, Meta's metaverse investment, and more — Online game Fortnite is arguably the closest thing to the metaverse that exists today. Some 70mn gamers immerse themselves …
More:
TechCrunch, 9to5Mac, Protocol, AppleInsider, PYMNTS.com, Developer Tech News, iMore, iMore, iMore, and MacRumors
Tweets: @mr_isaacs, @bergmayer, @ricmac, @thedeadlyray, @dontyler, @daphnehk, @volkring, @caseynewton, @tim, @pt, @aledonetti, @johnkoetsier, @9to5mac, @sub8u, @1br0wn, @ricmac, and @alexstlouis10
| Kyle Alspach / Protocol: |
Cloud security startup Lacework, which employed 1,000+ in March 2022, lays off 20% of its workforce; Lacework has raised $1.85B including $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 … | 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:
MacRumors, 9to5Mac, The Verge, AppleInsider, 9to5Mac, Livemint, CNET, TechRadar, MacRumors, PhoneArena, Wccftech, iMore, Tom's Guide, The Mac Observer, Patently Apple, MacDailyNews, Computerworld, iThinkDifferent, 9to5Mac, iPhone in Canada Blog, Softpedia News, Fossbytes, PYMNTS.com, Redmond Pie, Barron's Online, and iMore
Tweets: @mingchikuo, @mingchikuo, and @lisaabramowicz1
| Dan Primack / Axios: |
Bolt Financial laid off 185 employees, or about one-third of its workforce; some have to repay loans they took from the company for vested shares within 90 days — One-click checkout company Bolt Financial yesterday laid off 185 employees, or approximately one-third of its workforce …
More:
Bolt, Protocol, New York Times, Crunchbase News, The Economic Times, Market Intelligence, Fortune, Tech in Asia, PYMNTS.com, Forbes, and New York Post
Tweets: @kuruvillamaju, @courtenay_brown, @hhariri, @emilyrpeck, @tomaxwell, @matteing, @theryanford, @lizette_chapman, and @danprimack
| Yogita Khatri / The Block: |
Tether enters Latin America by launching the MXNT stablecoin, pegged to the Mexican peso, initially available on the Ethereum, Tron, and Polygon blockchains — Quick Take — Tether has launched a new stablecoin pegged 1:1 to the Mexican peso. — It will be initially available on Ethereum, Tron and Polygon.
More:
tether.to, Crypto Briefing, Cointelegraph, Market Meditations, CoinDesk, Bitcoin News, Waivly, and Decrypt
| Sujith Somraaj / Decrypt: |
Binance, FTX, Crypto.com, Huobi, Bitfinex, Kucoin, and other exchanges pledge support for Do Kwon's Terra 2.0, set to launch on May 27 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:
The Block, Terra Money, Gate.io, Crypto Adventure, BeInCrypto, and Cointelegraph
| Bloomberg: |
The tech market collapse, aided by macroeconomic forces, is an opportunity to reckon with wildly inflated valuations, overpaid VCs, and crypto pyramid schemes — 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, @hharrisemea, @retogregori, @mark_dow, @mpelletiercio, @jessefelder, @revshark, and @thestalwart
| Benjamin Mullin / New York Times: |
Sources: Substack dropped efforts to raise money, after talks to raise $75M-$100M at a $750M-$1B valuation, during which they said they had ~$9M revenue in 2021 — Amid an industrywide downturn, venture investors are preaching austerity and halting new deals, particularly for companies that have spent aggressively on growth.
Tweets: @benmullin, @joy, @fmanjoo, @riddle245, @kateclarktweets, @gaberivera, @tysonbrody, @chaykak, @tomaxwell, @pkafka, and @suldrew
| Drew Harwell / Washington Post: |
Human Rights Watch finds 89% of 164 remote learning apps and sites used during the pandemic in 49 countries shared student data with marketers and data brokers — The educational tools used by students during the pandemic shared their information with advertisers and data brokers that could track … | Sam Nussey / Reuters: |
Sony plans to ramp up PlayStation 5 production as supply chain issues ease, and a radical broadening of its game portfolio, including more PC and mobile titles — 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, The Verge, The Verge, 9to5Google, Engadget, Game Developer, Gizmodo, 9to5Toys, Forbes, PCMag, iPhone in Canada Blog, Engadget, Gameranx, and TheGamer. Tweets: @tomwarren
| Bloomberg Línea: |
Source: Brazilian e-commerce startup Vtex, which has an $820M market cap, cut ~200 jobs, or 13% of its workforce; Mexican crypto exchange Bitso cut 80+ staff — Bloomberg Línea — Latin American unicorns Vtex and Bitso laid off hundreds of employees on Thursday (May 26).| Tim Higgins / Wall Street Journal: |
Apple plans to bump US hourly workers' pay to $22+ per hour, up 45% from 2018, amid inflation and unionization pushes; US starting salaries are also set to rise — The iPhone maker faces store unionization attempts, higher inflation — Apple Inc. AAPL .11%▲ is boosting pay …
More:
CNBC, CNET, Ars Technica, Seattle Business Journal, CBS News, PCMag, Barron's Online, TechSpot, 9to5Mac, The Mac Observer, Cult of Mac, Protocol, The Verge, New York Post, Reuters, iThinkDifferent, WRAL TechWire, Gizmodo, Engadget, Financial Times, Fortune, Insider, and iMore
Tweets: @moreperfectus, @mikeisaac, @carnage4life, @greenhousenyt, @rationalwalk, @mikeisaac, @cherthedev, @josephnsanberg, @pkafka, @jasoncross00, @timkhiggins, @acoreunion, @alexspeidel, @applelaborers, @zoeschiffer, @bradbrovino, @gotbizintros, @fruitstoreninja, @ashleygjovik, @techwontsaveus, @collindonnell, and @markgurman
| Brody Ford / Bloomberg: |
Dell reports Q1 revenue up 16% YoY to $26.1B, vs. $25B est., commercial PC revenue up 22% YoY to $12B, and net income up 62% YoY to $1.07B; stock jumps 5%+ — Dell Technologies Inc. reported quarterly revenue that topped analysts estimates on strong demand for business PCs and networking services … | FinSMEs: |
Los Angeles-based BuildOps, which makes all-in-one management software for commercial contractors, raises a $43M Series A led by Next47 — BuildOps, a Los Angeles, CA-based all-in-one management software built specifically for the modern commercial contractor, raised $43 million in Series A funding.Sponsor Posts
Niantic Spatial:
World models need real-world data — Scaniverse is the gateway to spatial services — self-serve and built for AI and robotics. Large-area 3D reconstruction from 360° cameras and precise localization, anywhere machines operate.
World models need real-world data — Scaniverse is the gateway to spatial services — self-serve and built for AI and robotics. Large-area 3D reconstruction from 360° cameras and precise localization, anywhere machines operate.
Zoho:
Meet Zoho Books MCP: Bring AI-powered accounting to your business — Isn't change the only constant? And that holds true for accounting too. For years, accounting software has helped businesses manage their finances …
Meet Zoho Books MCP: Bring AI-powered accounting to your business — Isn't change the only constant? And that holds true for accounting too. For years, accounting software has helped businesses manage their finances …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Anuma:
The Private AI That Remembers — Anuma is the all-in-one AI platform with private, portable memory. Chat, text, create, build, and solve across every model.
The Private AI That Remembers — Anuma is the all-in-one AI platform with private, portable memory. Chat, text, create, build, and solve across every model.Featured Podcasts
Big Technology Podcast:
Mark Cuban: AI Hype vs. Reality, OpenAI's Wasting $1 Trillion, Lebron vs. Jordan
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Uncapped with Jack Altman:
Tarek Mansour from Kalshi
Conversations with people I admire about things I'm genuinely interested in.
Subscribe to Uncapped with Jack Altman.
Channels with Peter Kafka:
AI Can Make Software Now. That Changes Everything, with Paul Ford
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
The Social Radars:
Ron Conway, Founder, SV Angel: Silicon Valley Bank Crisis
Come be a fly on the wall as Y Combinator's Jessica Livingston and Carolynn Levy talk to some of the most successful founders in Silicon Valley about how they did it.
Subscribe to The Social Radars.
Invest Like the Best:
Paul Tudor Jones - Lessons From 50 Years in Markets
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Tools and Weapons with Brad Smith:
Ryan Roslansky: Turning AI Anxiety into Skills for the Future of Work
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
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