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Techmeme
May 27, 2022, 3:35 PM
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Top News

Kate Conger / New York Times:
In an April 4 letter, the SEC told Elon Musk it is probing his March purchases and disclosures of Twitter stock, and whether he was truly a “passive” investor  —  The regulator questioned whether the Tesla chief executive had disclosed his stake at the right time.
Lora Kolodny / CNBC:
A Twitter shareholder sues Elon Musk and Twitter over the handling of the acquisition, saying Musk engaged “in conduct designed to create doubt about the deal”  —  - Since Musk's acquisition bid, Twitter's share price has dropped more than 12%, and Tesla's is down about 28% as part of a broad sell-off in tech stocks.
Rest of World:
Some people in countries with high inflation say they lost tens of thousands in savings after investing in UST, which seemed more stable than the local currency  —  “I have nothing left, not even a penny.”  —  Valeria makes around $300 a month selling prepared food from her home in Buenos Aires.
Kashmir Hill / New York Times:
A look at PimEyes, a paid facial recognition service that charges up to $300 per month to exclude photos, which some women describe as “essentially extortion”  —  PimEyes is a paid service that finds photos of a person from across the internet, including some the person may not want exposed.
Sergiu Gatlan / BleepingComputer:
Microsoft researchers find severe bugs in mce Systems' framework used by Android apps from large mobile service providers, including AT&T and Bell Canada  —  Microsoft security researchers have found high severity vulnerabilities in a framework used by Android apps from multiple large international mobile service providers.
Jez Corden / Windows Central:
Microsoft confirms it is building an HDMI device codenamed Keystone that can be connected to a TV or monitor to run Xbox Game Pass and its cloud gaming service  —  The key to the cloud.  —  For a few years, rumors have persisted that Microsoft was exploring building some form of streaming stick …
Budi Sutrisno / Tech in Asia:
Jakarta-based Bibit, which offers robo-advisor services to help millennial users invest in mutual funds based on their risk profiles, raises $80M+ led by GIC  —  Indonesia-based investment app Bibit has raised over US$80 million in a funding round led by GIC, with participation from Prosus Ventures and other existing investors.
More: FinSMEs
Amy Lewin / Sifted:
Report: only 15% of GPs at European VC firms are women, managing just 9% of total assets; in the UK, 13% of GPs are women, managing 5% of total assets  —  Across Europe as a whole, 85% of VC GPs are men.  —  In worse than the average in the UK, where 87% of GPs are men.
Agne Cimermanaite / Metaverse Post:
Jadu, which is developing an AR game built around virtual objects owned by players in a metaverse, raises $36M led by Bain Capital Crypto  —  Jadu Mirrorverse — an AR game built around virtual objects owned by the players — just raised $36M to help create the Web3 “definitive AR & gaming platform …
More: Jadu

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From Mediagazer

Financial Times:
Sources: WBD's board wanted a proposal it could sign immediately, and Netflix was the only bidder whose paperwork was fully executable the night of December 4

John Koblin / New York Times:
The Netflix-WBD deal should quiet concerns, for now, from CNN employees worried about the prospect of Paramount combining CBS News and CNN in a WBD acquisition

Pamela McClintock / The Hollywood Reporter:
A look at Paramount's culture shift under David Ellison, where the focus is on male-driven action movies, and not on prestige films seen as critics' darlings

More News

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

Earlier Picks

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
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
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
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
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