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May 26, 2022, 2:55 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, Associated Press, Bank Automation News, The Verge, New York Times, Silicon Republic, HotHardware.com News, The Register, Ars Technica, PCMag, TechCrunch, The Economic Times, VentureBeat, CyberScoop, Axios, San Francisco Business Journal, Financial Times, AppleInsider, RCR Wireless News, Telecoms.com, CNET, Protocol, Network World, Barron's Online, ComputerWeekly.com, BetaNews, iClarified, Protocol, Financial Times, and Phoronix
Tweets: @film_girl, @jordannovet, @kristinaparts, @film_girl, @jonerlichman, @arekfurt, @ctoadvisor, @dillten, and @geoffblaber
| 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, Protocol, PYMNTS.com, 9to5Mac, Developer Tech News, AppleInsider, MacRumors, iMore, iMore, and Slashdot
Tweets: @caseynewton, @johnkoetsier, @tim, @pt, @aledonetti, @sub8u, @1br0wn, and @alexstlouis10
| Tim Higgins / Wall Street Journal: |
Apple will raise US hourly workers' pay to $22+/hour, 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 …
More:
CNBC, Protocol, MacRumors, Bloomberg Law, San Francisco Business Journal, Barron's Online, Mercury News, Financial Times, New York Post, TechSpot, 9to5Mac, The Mac Observer, Engadget, PCMag, Insider, Fortune, The Verge, iMore, iThinkDifferent, WRAL TechWire, Gizmodo, The Economic Times, Philip Elmer‑DeWitt, and iClarified
Tweets: @moreperfectus, @mikeisaac, @pkafka, @jasoncross00, @carnage4life, @ashleygjovik, @rationalwalk, @applelaborers, @mikeisaac, @alexspeidel, @cherthedev, @timkhiggins, @bradbrovino, @gotbizintros, @fruitstoreninja, @zoeschiffer, @acoreunion, @greenhousenyt, @techwontsaveus, @collindonnell, @markgurman, @mclendaniel, @ns0n, @david_moscrop, @ranimolla, @newsynick, @mjh_txt, @lisemlareau, and @code_cwa
| 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.| 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:
The Verge, 9to5Mac, MacRumors, Livemint, PYMNTS.com, Softpedia News, AppleInsider, Computerworld, PhoneArena, TechRadar, iPhone in Canada Blog, MacRumors, Wccftech, iMore, Tom's Guide, The Mac Observer, Patently Apple, MacDailyNews, 9to5Mac, Fossbytes, and iMore
Tweets: @mingchikuo, @mingchikuo, and @lisaabramowicz1
| 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, 9to5Google, The Verge, The Verge, Gizmodo, Game Developer, Bloomberg, iPhone in Canada Blog, 9to5Mac, TechRadar, Gizchina, PCMag, TheGamer, Engadget, and Gameranx. Tweets: @tomwarren
| 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:
Terra Money, Finbold, Gate.io, Cointelegraph, BeInCrypto, Waivly, Ethereum World News, and CryptoPotato
| 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 …
More:
Bolt, Crunchbase News, Protocol, New York Times, The Economic Times, Fortune, Market Intelligence, PYMNTS.com, Forbes, New York Post, San Francisco Business Journal, City A.M., Axios, and Tech in Asia
Tweets: @tomaxwell, @emilyrpeck, @matteing, @lizette_chapman, @theryanford, @kuruvillamaju, @courtenay_brown, @hhariri, and @danprimack
| 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 …
More:
AppleInsider and MacRumors
Tweets: @jowens510, @demandprogress, @halsinger, @matthewstoller, @matthewstoller, @birnbaum_e, @zacharyleelee, @tomhebertdc, @pathedger18, @lamiasdottir, @adamcancryn, @karlbode, @sachalouise, @adamcancryn, @senatorshoshana, @tomhebertdc, @reckless, @mpetricone, @johndavisson, @adamcancryn, and @nealkwatra
| 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 … | 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:
Lacework, SecurityWeek, iTech Post, Beyond Search, and govinfosecurity.com
Tweets: @gergelyorosz, @narmacnetworth, @sweis, @coffeecraftcode, @endingwithali, @petecheslock, @sawaba, @riddle245, @ashwinv800, and @kylealspach
| 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: @revshark, @jessefelder, @bradstone, @mark_dow, @thestalwart, @hharrisemea, @retogregori, and @mpelletiercio
| Drew Harwell / Washington Post: |
Analysis of 164 remote learning apps and sites used in 49 countries during the pandemic finds ~90% shared student data with ad tech companies and data brokers — The educational tools used by students during the pandemic shared their information with advertisers and data brokers that could track … | 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, U.S. Department of Justice, BleepingComputer, Gizmodo, NPR, Federal Trade Commission, The Block, Ars Technica, Reuters, The Record, TechCrunch, HotHardware.com News, NBC News, MSPoweruser, Digital Trends, The Hacker News, Nextgov, Variety, Cybernews.com, and Hollywood Reporter
Tweets: @bashco_, @janschakowsky, @matthew_d_green, @adam_k_levin, @jimmypatronis, @can, @ewa_jodlowska, @wbm312, @b_fung, and @profcarroll
| 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, TheGamer, New York Post, and Windows Central
Tweets: @businessinsider, @ethangach, @hughlangley, and @grahamstarr
| 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, The Verge, Silicon Republic, BBC, Android Central, TechCrunch, Engadget, City A.M., and CNBC
Tweets: @cmagovuk, @jason_kint, and @cmagovuk
| 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:
The Verge, XDA Developers, CNET, PCMag, WWD, Digital Trends, TechCrunch, Highsnobiety, Input, and Harper's BAZAAR
Tweets: @gucci and @darian314
| FinSMEs: |
Los Angeles-based BuildOps, which makes 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.| 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 … | 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, @tante, @thekafkadude, @eden_holdings, @xenollamas, @mylesudland, @nameshiv, @evacide, @thelincoln, @blackamazon, and @sub8u
| 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:
Wall Street Journal, Bloomberg, Crunchbase News, PYMNTS.com, Wall Street Journal, Washington Post, Protocol, Yahoo Finance, CNN, ZDNet, TNW, Decrypt, ExchangeWire.com, The Register, Silicon Republic, and BGR India
Tweets: @annmlipton, @mims, @sherman4949, @saysdana, and @teddyschleifer
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