| Alexa Corse / Wall Street Journal: |
In a memo to Twitter employees, CEO Linda Yaccarino said the platform is “on a mission to become the world's most accurate real-time information source” — Linda Yaccarino, who joined company last week, describes her mission to employees — Twitter's new chief executive told employees … | Reuters: |
Jack Dorsey says India threatened to shut Twitter down unless the company complied with orders during farmer protests, a claim India calls an “outright lie” — Twitter was threatened with shut down in India, Nigeria and Turkey unless it complied with orders to restrict accounts … | CNBC: |
The US FTC files for a temporary restraining order and preliminary injunction to block Microsoft's acquisition of Activision Blizzard — - The FTC on Monday filed a temporary restraining order and preliminary injunction seeking to block Microsoft's proposed acquisition of Activision Blizzard.| Dell Cameron / Wired: |
A declassified ODNI report from 2022: the US has amassed troves of “sensitive and intimate information” about Americans purchased from commercial data brokers — A newly declassified report from the Office of the Director of National Intelligence reveals the federal government is buying troves of data about Americans.| Jay Peters / The Verge: |
Over 7,000 subreddits have gone private or read-only to protest Reddit's API pricing changes; the site experienced issues for about two hours on June 12 — Reddit went through some issues for many on Monday, with the outage happening the same day as thousands of subreddits going dark to protest the site's new API pricing terms.| Molly White: |
Unpacking Coinbase's flawed talking points in its battle with the SEC, including the argument that “securities laws written in the 1930s can't apply to crypto” — Coinbase is trotting out its usual flawed arguments now that it's facing a lawsuit from the SEC, and more pushback is needed.| Wall Street Journal: |
Sources: Netflix is in talks to livestream its first sporting event this fall, a celebrity golf tournament with professional golfers and Formula One drivers — Tournament to include celebrities from Formula One series ‘Drive to Survive’ and golf program ‘Full Swing’| Avram Piltch / Tom's Hardware: |
Google's Search Generative Experience seems like an “AI plagiarism engine” that cobbles together snippets of text from a variety of sites, often word-for-word — The Search Generative Experience seems more like a text-copying experience. — Search has always been the Internet's most important utility.| Andrew Cunningham / Ars Technica: |
M2 Ultra Mac Studio review: a small, fast, efficient, and quiet desktop that has a good port selection and is a better deal than the new Mac Pro for most users — The realities of Apple Silicon make the Studio the best bet for most pros. — The original Mac Studio, despite the absence of … | Matt Levine / Bloomberg: |
By capitalizing on crypto lending services' high interest rate promises, 3AC's founders played the bubble perfectly, getting rich as 3AC's lenders went bankrupt — Programming note: Money Stuff was supposed to be off today but I got bored so here you go. — What are the 3AC guys up to?| Biz Carson / Bloomberg: |
In a first, Larry Ellison passes Bill Gates to become the world's fourth-richest person with a $129.8B net worth; ORCL has risen 42% in 2023 on the AI boom — The optimism around artificial intelligence boosted both Oracle Corp.'s stock — and founder Larry Ellison's net worth — to record highs on Monday.| Max Read / New York Times: |
How Jimmy Donaldson, aka MrBeast, became a viral sensation for his absurd acts of altruism and pitching subscribing as an act of charity, sometimes literally — Jimmy Donaldson, a.k.a. MrBeast, has become a viral sensation for his absurd acts of altruism. Why do so many people think he's evil?| Financial Times: |
The EU reaches a long-awaited deal on rules that could let 28M gig workers get social security and more, and plans to discuss the proposals with its parliament — Member states agree to rules that could give employment benefits to Uber drivers and food delivery riders| Samuel Stolton / Bloomberg: |
Sources: the EU is set to hit Google with a formal antitrust complaint regarding the company's ad tech, with a statement of objections coming as soon as June 14 — Google is set to be hit with a formal antitrust complaint from the European Union that could pave the way for massive fines … | Financial Times: |
| Krystal Hu / Reuters: |
Sources: SoftBank plans a new round of Vision Fund layoffs, impacting up to 30% of the staff at the unit; Vision Fund had 349 staff at the end of March 2023 — SoftBank Group Corp (9984.T) is planning a fresh round of layoffs at its Vision Fund investment arm, two people familiar with the matter said … | Financial Times: |
Investor letter: Insight Partners slashes the $20B target for its latest fund to $15B, after raising just $2B since June 2022, citing a “great reset in tech” — New York-based venture capital firm said it will scale back the pace of its dealmaking as valuations have slumped| Larry Dignan / Constellation Research: |
Oracle reports Q4 revenue up 17% YoY to $13.84B, vs. $13.73B est., cloud services and license support revenues up 23% YoY to $9.4B, and net income up 4% YoY — Oracle's infrastructure as a service business gained momentum in the fourth quarter courtesy of generative AI workloads, according to CTO Larry Ellison.
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| Bloomberg: |
| Shinhye Kang / Bloomberg: |
| Cecilia D'Anastasio / Bloomberg: |
| Dan Primack / Axios: |