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April 7, 2022, 8:15 AM
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WeSmirchTop News
| Hannah Murphy / Financial Times: |
Sources: Meta has drawn up plans to add “social tokens”, lending services, and a non-blockchain virtual currency that employees dubbed “Zuck Bucks” to its apps — Meta has drawn up plans to introduce virtual coins, tokens and lending services to its apps …
More:
The Verge, Silicon Republic, Insider, City A.M., TechRadar, Winvesta Crisps, Cointelegraph, Reuters, Mashable, PYMNTS.com, Micky, CoinGape, Decrypt, TheStreet, Telegraph, CoinDesk, and Social Media Today
| Jillian Ward / Bloomberg: |
Elon Musk refiles his Twitter stake's SEC disclosure to classify himself as an active investor; Musk bought his 9.1% stake in cash from January 31 to April 1 — Elon Musk refiled the disclosure of his stake in Twitter Inc. to classify himself as an active investor, making the change …
More:
Washington Post, Bloomberg, Search Engine Journal, Search Engine Land, and PYMNTS.com
Tweets: @paraga, @elonmusk, @ashleygjovik, @kurtwagner8, @nycsouthpaw, @ashleygjovik, @nycsouthpaw, @willoremus, @ashleygjovik, @mattmfm, @ashleygjovik, @ashleygjovik, @ashleygjovik, @ashleygjovik, @ashleygjovik, @ashleygjovik, @ashleygjovik, @ashleygjovik, @ashleygjovik, @ashleygjovik, @ashleygjovik, @mattzeitlin, @ashleygjovik, @jason_kint, @ashleygjovik, @ashleygjovik, @ashleygjovik, @ashleygjovik, @jamespmcleod, @followtheh, and @tpsarofagis
| Casey Newton / Platformer: |
More:
Reuters, Block Party Newsletter, The Kerr Report, Slate, and Pirate Wires
Tweets: @paraga, @jack, @paraga, @lulumeservey, @elonmusk, @elonmusk, @antoniogm, @adamsinger, @mikeisaac, @anandwrites, @antoniogm, @esqueer_, @pulte, @lukeobrien, @mrandyngo, and @antoniogm
| Andrew Hayward / Decrypt: |
OpenSea adds Solana NFT trading support in beta; a marketplace search shows 865K NFTs minted on Solana — At long last, Solana support is finally live on OpenSea—in beta mode. — In brief — Solana NFTs have been added to OpenSea, the largest overall NFT marketplace.
More:
OpenSea, Cryptopolitan, and The Block
Tweets: @opensea, @infinatecrypto, @opensea, and @loopifyyy
| Manish Singh / TechCrunch: |
Coinbase adds support for the popular UPI payment method in India, making the cryptocurrency exchange functional in the country for the first time — Coinbase is adding support for the popular UPI payment instrument in India, making its eponymous cryptocurrency exchange functional …
More:
The Coinbase Blog, The Economic Times, CoinDesk, CoinGape, Bloomberg, CoinDesk, and ZyCrypto
| Sarah Perez / TechCrunch: |
Google plans to hide and block Play Store apps that don't target an Android API within two years of the latest major Android release, starting on November 1 — Google is preparing to clear its Play Store of outdated apps. The company warned Android app developers that starting on November 1 … | Nitasha Tiku / Washington Post: |
How Gwyneth Paltrow, Mila Kunis, and others are pushing women to invest in NFTs, which critics see as a form of self-serving feminism centered on white women — Gwyneth Paltrow and Mila Kunis joined a Zoom in January to encourage 5,000 women in the audience to break into the male-dominated world of crypto.
Tweets: @adriyoung, @helenbrosnan, @laurawags, @heatherkelly, @sm, @laurawags, @sarahnemerson, @cryptostacys, @nitashatiku, and @katienotopoulos
| Wall Street Journal: |
Google Play removes dozens of Android apps, including Muslim prayer apps with 10M+ downloads, after researchers find malware tied to a US defense contractor — Code placed in consumer-facing apps is tied to U.S. national-security contractors, documents show
More:
The AppCensus Blog, Fox Business, Engadget, Android Headlines, Phandroid, CNET, Gizmodo, Fossbytes, SiliconANGLE, KnowTechie, Forbes, Protocol, PYMNTS.com, and XDA Developers
| Ingrid Lunden / TechCrunch: |
Nord Security, the Lithuania-based startup behind NordVPN, raises $100M, its first ever funding, at a $1.6B valuation led by Novator Ventures — VPN usage has surged in the last several years, with growing concerns over data privacy and security — and sometimes completely different motivations …
More:
EU-Startups, ArcticStartup, Silicon Canals, The Economic Times, cybernews.com, SiliconANGLE, CNBC, and Tech.eu
| Ingrid Lunden / TechCrunch: |
Berlin-based consumer electronics rental service Grover raises a $110M Series C in equity led by Energy Impact Partners and $220M in debt at a $1B+ valuation — A growing number of people are looking for ways to live more sustainably amid increasing concerns over the environment and what we humans keep doing to pollute it.
More:
PYMNTS.com, Sifted, Tech.eu, Crunchbase News, and EU-Startups
| Wall Street Journal: |
Sources: the SEC is investigating how Amazon disclosed its use of third-party seller data for its business; source: the probe has been under way for over a year — Tech giant's use of third-party sellers' data is a focus of regulator's probe, a person familiar with the matter says| Paul Vigna / Wall Street Journal: |
One-click checkout service Bolt acquires crypto payments startup Wyre, sources say for around $1.5B — Deal extends crypto's hot M&A market following record deal activity in 2021 — Bolt Financial Inc., a payments-focused financial technology company, is acquiring crypto-services startup …
More:
CoinDesk, PR Newswire, and Reuters
Tweets: @bigbrutha_, @timigod, @bolt, @mayazi, and @carnage4life
| Wall Street Journal: |
Sources: online fast fashion retailer Shein raised between $1B and $2B in a round closed last week, valuing it at $100B; Shein was valued at ~$15B in 2020 — China-based fast-fashion seller now worth more than H&M and Zara combined — Fast-fashion retailer Shein was valued at $100 billion … | Jonathan Stempel / Reuters: |
Berkshire Hathaway discloses that it has purchased ~121M shares of HP Inc, worth ~$4.2B, for an 11.4% stake, based on HP's $34.91 closing price on Wednesday — Berkshire Hathaway Inc (BRKa.N) disclosed on Wednesday that it has purchased nearly 121 million shares of HP Inc (HPQ.N) …
More:
Benzinga, Bloomberg, Angeline's Thoughts, and Financial Times
Tweets: @jyarow, @kendallbaker, @tuviae, @mgsiegler, and @jordannovet
| Coco Liu / Bloomberg: |
JD's Richard Liu steps down as CEO, joining other Chinese tech tycoons who have exited top roles amid China's tech crackdown; President Xu Lei will take over — JD.com Inc.'s billionaire founder Richard Liu has stepped down as chief executive officer of China's No. 2 online retailer …
Source:
JD.Com, Inc.. More:
CNN, South China Morning Post, CNBC, Reuters, Tech in Asia, Forbes, and Pandaily
| Washington Post: |
Apple restores the “Smart Voting” app run by Kremlin critic Alexei Navalny's supporters in Russia; Apple removed the app after the Kremlin threatened its execs — Apple has resumed allowing Russians to download an app run by supporters of jailed Kremlin critic Alexei Navalny … | Zack Whittaker / TechCrunch: |
In a court-authorized March operation, the FBI cut off the servers of the Cyclops Blink botnet, tied to Russia's Sandworm, from Asus and WatchGuard routers — The Federal Bureau of Investigation has disclosed it carried out an operation in March to target a massive botnet controlled by Russian intelligence.| New York Times: |
Biden appears to show support for Amazon workers who unionized in Staten Island, saying in a speech: “By the way, Amazon, here we come. Watch” — “By the way, Amazon, here we come. Watch,” the president said. But the White House quickly said his remarks did not mean the government would get formally involved.| Song Jung-a / Financial Times: |
Samsung expects Q1 operating profit to rise 50% YoY to $11.6B, the highest since 2018, and revenue to rise 18% YoY to $63B on strong smartphone and chip sales — South Korean group's strong sales undercut by performance concerns against rivals Apple and TSMC
More:
TheStreet, ZDNet, Reuters, TechCrunch, Bloomberg, Nikkei Asia, and South China Morning Post
| Rebecca Torrence / Fierce Healthcare: |
IntelyCare, whose app matches nurses with open shifts at post-acute care settings, raises a $115M Series C at a $1.1B valuation led by Janus Henderson Investors — Nurse staffing platform IntelyCare is now valued at $1.1 billion after landing $115 million in series C funding.
More:
hitconsultant.net, PitchBook, FinSMEs, and MobiHealthNews
| Audrey An / The Keyword: |
Google will roll out Privacy Guide, a guided tour of privacy and security settings in Chrome, to all desktop users on version 100 or above in the coming weeks — Product Manager, Chrome at Google Safety Engineering Center Munich — Your browser plays a big role in your online experience — including protecting your privacy.
More:
BetaNews, Neowin, 9to5Google, The Verge, iPhone in Canada Blog, Tom's Guide, Liliputing, and XDA Developers
Tweets: @liliputingnews and @mattbrittin
| Jacquelyn Melinek / TechCrunch: |
Blockchain audit service CertiK raises an $88M Series B3 led by Insight, Tiger Global and Advent at a $2B valuation, bringing its total funding to $230M — CertiK, a Web3 and blockchain security company, has raised $88 million in its latest round, bringing its valuation to $2 billion.
More:
The Block and financialpost
| Krystal Hu / Reuters: |
Fetch Rewards, which offers rewards to customers who submit receipts of purchases from 600+ partners, raises $240M led by Hamilton Lane at a $2.5B valuation — Fetch Rewards, a shopping rewards app backed by SoftBank Group Group's (9984.T) Vision Fund 2, has raised $240 million in a funding round …
Thanks:@readkrystalhu
| Nikhilesh De / CoinDesk: |
Senator Patrick Toomey introduces a bill to regulate stablecoins, including defining a “payment stablecoin”, creating a license for issuers, and more — The Stablecoin TRUST Act would give stablecoin issuers a variety of regulatory regimes to abide by, but enforce disclosure and redemption requirements.
More:
The Block, PYMNTS.com, American Banker, Cointelegraph, Decrypt, and Blockworks
| Matt Burgess / Wired: |
New data-sharing proposals in Europe push for the expansion of facial recognition and to allow police forces across the EU to link their photo databases — Lawmakers advance proposals to let police forces across the EU link their photo databases—which include millions of pictures of people's faces.
Tweets: @mattburgess1, @wiredscience, @ellajakubowska1, @cttargeted, and @sakripol
| Wall Street Journal: |
Sources: banks including JPMorgan, Bank of America, and Wells Fargo are considering whether to use Zelle as a payment option to compete with Visa and Mastercard — The money-transfer service boomed amid pandemic. Some banks want to expand it to retail payments.
More:
PYMNTS.com and Protocol
| Jay Peters / The Verge: |
Meta won't hold its F8 developer conference in 2022, instead holding Conversations, a “business messaging event” on May 19, and an AR/VR event “later this year” — Meta is pausing the event in 2022 — Meta won't be holding its F8 developer conference in 2022, the company announced Wednesday.
More:
TNW, Meta for Developers, ZDNet, Adweek, Social Media Today, TechSpot, iPhone in Canada Blog, Variety, and Bloomberg
Tweets: @brianroemmele and @tcpeter
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