Techmeme: SEC filing: Twitter's board invites shareholders to a special meeting to vote on Elon Musk's $44B acquisition and unanimously recommends they approve the deal (Jonathan Vanian/CNBC)

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July 17, 2022, 8:25 PM

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Jef Feeley / Bloomberg:

Filing: Elon Musk's lawyers say Twitter is unfairly pushing for a “warp speed” September 2022 four-day trial and ask for a court date in February 2023 or later — Elon Musk's lawyers say Twitter Inc. officials are unfairly pushing for a “warp speed” trial over claims …

Jonathan Vanian / CNBC:

SEC filing: Twitter's board invites shareholders to a special meeting to vote on Elon Musk's $44B acquisition and unanimously recommends they approve the deal

More: SEC.gov, Associated Press, Coinspeaker, and Protocol

Tweets: @dkthomp, @dkthomp, @dkthomp, @dkthomp, @dkthomp, @dkthomp, and @dkthomp

Moneycontrol:

Report: in emails sent to three creators, Coinbase says it is “temporarily shutting down” its US affiliate program on July 19 and plans to relaunch it in 2023 — According to a Business Insider article, cryptocurrency exchange Coinbase will “temporarily shut down” its US affiliate-marketing programme on July 19.

Source: Insider. More: CryptoSlate, Inside Bitcoins, ZyCrypto, Coinpedia, and CoinGape

Tweets: @bitboy_crypto, @nateobrienn, @brian_armstrong, @nateobrienn, @doobzdoobz, @simonyusea, @nickdrakon, @cryptoslate, @zguz, @ahcastor, @lukebk, @paul__armstrong, @ianrborthwick, @therealtblake, @greybtc, @niallohiggins, and @waywardwinifred

Jon Brodkin / Ars Technica:

FCC Chair Jessica Rosenworcel proposes a US broadband standard of 100Mbps down and 20Mbps up; the proposal requires a vote in the currently deadlocked FCC — Pai FCC said 25Mbps down and 3Mbps up was enough—Rosenworcel proposes 100/20Mbps. — Federal Communications Commission Chairwoman …

More: Federal Communications …, Android Police, Gizchina, CNET, and TechSpot

Tweets: @adamnash, @mrbrown, @fcc, @brianweeden, @jrosenworcelfcc, and @karlbode

Madhumita Murgia / Financial Times:

Experts say archiving TikTok videos is challenging and urge the platform to preserve and provide access to its content for war crime investigations in Ukraine — The Chinese-owned video app is a trove of digital intelligence that lawyers are attempting to mine and archive

More: Slashdot. Tweets: @maxseddon

Will Oremus / Washington Post:

Study: as the war rages on, Meta effectively removes Russian propaganda flagged by Ukrainian officials, while YouTube, Twitter, and LinkedIn ignore requests

More: Slashdot and The Economic Times

Tweets: @bostonjoan, @lydiaon10, @washingtonpost, @moonalice, and @willoremus

Mat Di Salvo / Decrypt:

Russian President Vladimir Putin signed into law a national ban on using digital assets for payments, but allows investing in digital assets like bitcoin — The drastic move comes after mixed signals from Russia's leaders and regulators. — Russian President Vladimir Putin today signed …

More: Engadget, SiliconANGLE, Protocol, PYMNTS.com, Neowin, Inside Bitcoins, Slashdot, and Blockworks

Tweets: @davidgerard, @neerajka, @santiago__sa, and @decryptmedia

Arielle Pardes / Wired:

Rapid delivery startups, which surged during the pandemic, have either retreated from some cities or shut down after struggling to make the economics work — Companies that promise groceries delivered in 15 minutes surged during the pandemic—but are now in retreat.

Tweets: @solsona, @victoria_agago, @harrymccracken, and @carnage4life

Sabah Gurmat / Rest of World:

An app for India's largest public employment program is jeopardizing the livelihood of 82M+ due to technical glitches, an English-only UI, and poor connectivity — Poor connectivity and an English-only interface make the app unusable for many who rely on the Mahatma Gandhi National Rural Employment Guarantee Act.

Tweets: @restofworld, @restofworld, @vickiturk, @_sabahgurmat, and @restofworld

Christopher Mims / Wall Street Journal:

MakeMyMove: at least 71 US cities and towns now offer cash grants and other perks to attract remote workers, mostly in tech, up from at least 24 in October 2021 — Incentives are drawing high-paid tech workers, and challenging how we think about local economic development

More: Slashdot. Tweets: @adamkovac, @hunterwalk, @wsj, @tunguz, @philsimon, @folletto, and @adamkovac

Christopher Mathias / HuffPost:

New Gab accounts seem to automatically follow the GOP nominee for Pennsylvania governor Doug Mastriano, after he paid Gab $5K in April for “campaign consulting” — The GOP nominee for governor of Pennsylvania paid the far-right platform a $5,000 “consulting” fee.

More: Slate, 90.5 WESA, and Rolling Stone

Tweets: @letsgomathias, @letsgomathias, @pt, @jonbjohns, and @alkapdc

Wall Street Journal:

Adam Neumann's Flowcarbon and some other startups offering cryptocurrencies backed by carbon-offset credits have slowed product rollouts amid the crypto crash — Investors rushed to startups offering cryptocurrencies backed by carbon-offset credits, then the markets tanked

More: Decrypt and The Block

Tweets: @pt, @pt, @wsj, @donnaredel, @pefrase, @smtuffy, @coinbureau, @smdiehl, @natbaker, and @mayazi

Kyle Wiggers / TechCrunch:

Sydney-based Hivery, whose software helps retailers select the right mix of products to stock on store shelves, has raised a $30M Series B led by Tiger Global — Hivery, a startup that bills itself as an “optimization platform” for retailers, today announced that it raised $30 million …

More: Digital Nation, Business Wire, and PitchBook

Mark Bergen / Bloomberg:

Seattle-based Phaidra, whose AI software automates building controls for industrial facilities like power plants, raised a $25M Series A led by Starshot Capital — Industrial production is one of the dirtiest corners of the corporate world. A startup from former Google engineers thinks …

More: goSkagit. Tweets: @mhbergen and @andrewfielding

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From Mediagazer

Sara Fischer / Axios:

Source: Bari Weiss is planning to create a masthead for CBS News as part of a broader overhaul of standards and procedures

Todd Spangler / Variety:

Comcast extends Mike Cavanagh's contract through January 1, 2029, and grants a ~$35M performance-based stock package; he's set to become co-CEO in January 2026

Winston Cho / The Hollywood Reporter:

A US judge denies WBD's bid to block Sling TV from selling short-term offerings that let users sign up for access to its bundles for as little as one day

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More News

Yaling Jiang / South China Morning Post:

Despite China's scrutiny of online credit, smaller services have spread; iResearch: the microlending penetration rate grew from 0.4% in 2014 to 69.2% in 2021

Tweets: @vladimiraras, @danil_bochkov_, @mikeelgan, @michaelxpettis, and @bb_hong_tw

Nathan Grayson / Washington Post:

A look at YouTube's strategy, started in 2019, of signing Twitch streamers with a network of creators that can simulate community and build its own game culture

More: The Jacob Wolf Report. Tweets: @vahn16, @vahn16, @tarawlevy, and @vahn16

FinSMEs:

Oakland-based Mayvenn, which offers an e-commerce tool and a marketplace for salon services, has raised a $40M Series C led by Cleveland Avenue

More: Forbes, FashionUnited, Global Cosmetic Industry, BeautyMatter, and PR Newswire

CNBC:

The 2022 “crypto winter” differs from previous crashes, in part due to the macro environment, the TerraUSD collapse, excess leverage, and contagion from 3AC

More: CryptoSlate. Tweets: @arjunkharpal

Financial Times:

India steps up its crackdown on Oppo, Vivo, and Xiaomi, which control ~60% of the country's smartphone market, by claiming tax evasion and unlawful remittances

Earlier Picks

Alastair McCready / VICE:

Industrial-scale online scam centers in Southeast Asia have perfected “pig butchering”, a romance-meets-investment fraud increasingly centered on cryptocurrency

Tweets: @geraldrflynn, @softwarnet, @caseynewton, @ryan_knutson, @bitfinexed, and @almccready1

Maxwell Strachan / VICE:

An interview with MetaMask co-founders who say “we can't stop people from making Ponzis on blockchains” and “putting your money in cryptocurrencies is gambling”

More: Tech.co and Inside Bitcoins

Tweets: @maxwellstrachan, @danfinlay, @someday_deane, @iansherr, @jaymavs, @ummjackson, @danfinlay, @flynnjamm, @mathewi, and @maxwellstrachan

Vittoria Elliott / Wired:

Experts say a ruling against Twitter in its lawsuit against content removal orders in India could let the government censor a wide swath of platforms and sites

Tweets: @carnage4life, @aaschapiro, and @aspi_icpc

New York Times:

As China builds up its vast surveillance and security apparatus, it is running up against growing public unease about data security and privacy in the country

Tweets: @frankpasquale, @maytechummia, and @amyyqin