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May 5, 2022, 12:00 PM
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| Financial Times: |
Filing: Elon Musk secures $7.14B for his Twitter bid from Larry Ellison, Binance, Sequoia, a16z, Saudi Prince Alwaleed, Fidelity, and others; Ellison gives $1B — Tesla chief raises $7bn from new investors for takeover of social media platform — Elon Musk has revealed that he has raised $7.14bn …
Source:
SEC.gov. More:
CoinDesk, Bloomberg, New York Times, Silicon Republic, The Economic Times, Bloomberg, The Block, TechCrunch, Ars Technica, Wall Street Journal, Axios, Bloomberg, The Hollywood Reporter, CNBC, Cointelegraph, New York Post, Bloomberg, MarketWatch, and CoinQuora
Tweets: @bhorowitz, @markdistef, @alwaleed_talal, @markdistef, @cz_binance, @kurtwagner8, @arashmassoudi, @kateconger, @anildash, @loganbartlett, @teresa_longwell, @mattturck, @maxkennerly, @gartenberg, @danprimack, @ryan_browne_, @alex, @kantrowitz, @teroterotero, @bhorowitz, @karlbode, @carnage4life, @bhorowitz, @bhorowitz, @muradahmed, @ericjackson, @coloradotravis, @peter_tl, @danprimack, @firstadopter, @thedomino, @nkulw, @shaig, @danprimack, @jsphctrl, @dearsarah, @silvermanjacob, @loudmouthjulia, @patrickw, @macaesbruno, @tonyfratto, @binance, @sridinats, @vladsavov, @loudmouthjulia, @pekingmike, @danprimack, and @ivanthek
| Annie Palmer / CNBC: |
Sources: Elon Musk is expected to serve as the temporary CEO of Twitter after acquiring the company — - Elon Musk is expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media company, according to CNBC's David Faber.
More:
The Verge, Protocol, Decrypt, CNET, NBC News, New York Times, Bloomberg, New York Post, BGR India, and Cryptonews
Tweets: @teroterotero, @teroterotero, @sivavaid, @sam_l_shead, @mattrosoff, @alexhern, and @jyarow
| Edwin Chan / Bloomberg: |
Filing: Elon Musk's new $7.14B in equity financing for Twitter, which includes investment from Qatar, reduces the margin loan from $12.5B to $6.25B — Elon Musk has secured about $7.1 billion of new financing commitments for his proposed $44 billion takeover of Twitter Inc., the company said in a filing Thursday.
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CNET, Reuters, Reuters, Protocol, RTÉ, Variety, Cryptopolitan, New York Post, Fortune, CNBC, and Axios
Tweets: @petermccormack, @omartamo19, @samcarvalho, @jonrussell, @danprimack, @sociogeeks_, @compound248, @parkermolloy, and @garyblack00
| Ian Sherr / CNET: |
Apple, Google, and Microsoft announce plans to adopt features from the FIDO Alliance, which is working on passwordless tech for websites and apps — Ian Sherr — Ian Sherr (he/him/his) grew up in the San Francisco Bay Area, so he's always had a connection to the tech world.
More:
FIDO Alliance, Apple, The Keyword, The Verge, MacRumors, Thurrott, The Record, PCMag, Macworld, PYMNTS.com, Silicon Republic, TechCrunch, Microsoft Tech Community, Philip Elmer‑DeWitt, Livemint, VentureBeat, Engadget, Android Police, 9to5Google, ZDNet, AppleInsider, 9to5Mac, iClarified, MacStories, iDownloadBlog.com, Apple Must, TechPP, Digital Trends, iMore, and Tom's Guide
Tweets: @johnwilander, @rmondello, @can, @cisajen, @k8em0, @blowdart, and @robleathern
| Richard Lawler / The Verge: |
Google acquires Raxium, which makes MicroLED displays well-suited for AR and VR; Raxium says its tech is 5x more energy efficient than the previous world record — Raxium claims its display tech is five times more efficient than the current world record holder
More:
The Keyword, UploadVR, Road to VR, The Economic Times, Silicon Republic, Android Central, Computerworld, PhoneArena, Engadget, TechCircle, 9to5Google, and SiliconANGLE
Tweets: @gkraenergy, @scobleizer, and @mugofpaul
| Joe Warminsky / The Record: |
The White House instructs federal agencies to increase preparations in the next six months for quantum computers capable of breaking public-key cryptography — A memorandum issued Wednesday by President Joe Biden orders federal agencies to ramp up preparations for a day when quantum computers …
Source:
The White House. More:
Tom's Hardware, DCD, ZDNet, The Register, National Security …, and SecurityWeek
Tweets: @jgamblin, @tomgara, @philliplarson, @matthew_d_green, @alexhern, @alondranelson46, and @alexhern
| Luke Taylor / Rest of World: |
Survey of 1,800 households in El Salvador shows 61% have abandoned the Chivo bitcoin wallet after withdrawing a free $30 sign-up bonus — Those who stayed are not on the Chivo app for what was intended, using it to keep their dollars safe rather than for crypto. — • BOGOTÁ, COLOMBIA
Tweets: @antoniocasilli, @cengizyar, @mikebutcher, and @steve_hanke
| Casey Newton / Platformer: |
At Wednesday's Senate hearing, CrowdTangle's Brandon Silverman and other researchers explained why the US needs laws requiring Big Tech companies to share data — Everyone wants answers about social networks. These experts know where to look — On Wednesday, Congress was treated …
More:
Committee on the Judiciary, Tech Policy Press, and Committee on the Judiciary
Tweets: @j_a_tucker, @lauraedelson2, @noupside, @aricohn, @chriscoons, @kantrowitz, @caseynewton, @klonick, @jason_kint, @jason_kint, and @jason_kint
| Bloomberg: |
Sources: in a meeting, Twitter's VP of product appealed to a sense of community to persuade skeptical staff to stay under Musk; one slide asked: “Why Bother?” — At a Twitter Inc. staff meeting Wednesday morning, the first slide of a presentation asked a question on the minds of many employees: “Why Bother?”| Jordan Novet / CNBC: |
Meta plans to slow hiring amid record low revenue growth; source: Meta paused entry-level hiring and plans to stop or slow hiring for mid-level and senior roles — - Facebook's parent company sees challenges ahead because of Apple's privacy changes, the war in Ukraine and broad macroeconomic shifts.| Sergiu Gatlan / BleepingComputer: |
IC3 says there were 241K+ reports of business email compromise scams globally from June 2016 to July 2019, totaling $43B+ in actual and attempted losses — The Federal Bureau of Investigation (FBI) said today that the amount of money lost to business email compromise (BEC) …
More:
IC3.gov News, ZDNet, TechSpot, and Malwarebytes Labs
Tweets: @fbitampa, @adam_k_levin, and @sonicwall
| Kris Holt / Engadget: |
AMD launches several C-series Ryzen 5000 CPUs for Chromebooks, starting with the Acer Chromebook Spin 514, HP Elite c645 G2 Chromebook, and others — AMD has at last made chips with its Zen 3 architecture for higher-end Chromebooks. It created several C-series Ryzen 5000 processors that are designed for Chrome OS.
More:
The Verge, PCMag, The Verge, Gizmodo, HotHardware.com News, PCWorld, 9to5Google, XDA Developers, Gizmodo, Neowin, and Liliputing
| Nicole Sganga / CBS News: |
Cybereason: China-linked Winnti APT exfiltrated hundreds of GBs of IP in a cyber campaign targeting ~30 companies in North America, Europe, and Asia since 2019 — A yearslong malicious cyber operation spearheaded by the notorious Chinese state actor, APT 41, has siphoned off an estimated trillions …
Source:
Cybereason. More:
The Record, CNN, Security Affairs, The Register, and Bob's Newsletter
Tweets: @johnhemmings2, @cybereason, @cbsnews, @nicolesganga, @780thc, and @campuscodi
| Stefanie Marotta / Bloomberg: |
Shopify reports Q1 revenue rose 22% YoY to $1.2B, below expectations, as GMV grew 16% YoY to $43.2B; Shopify will acquire Deliverr for $2.1B; stock drops 10%+ — Shopify Inc. shares plunged to the lowest since April 2020 after it missed analysts' profit estimates and announced the largest acquisition …
More:
TechCrunch, BetaKit, Protocol, TechCrunch, CNBC, Shopify, Financial Times, and Reuters
Tweets: @shopify, @shopify, @ecommerce, @juokaz, @brandonmchu, @harleyf, @mjackson, @tobi, @skanwar, @tobi, and @dennishegstad
| Adi Robertson / The Verge: |
Twitter's open source Bluesky unit releases early code for a decentralized social network protocol, dubbed Authenticated Data Experiment, for developers to test — It's called the Authenticated Data Experiment — Bluesky, Twitter's open-source offshoot, has released early code for a decentralized social network protocol.
More:
Bluesky, Finbold, Fossbytes, GitHub, Slashdot, and Telecoms.com
Tweets: @bluesky, @bluesky, @bluesky, @emresokullu, @jeanburgess, and @jeanburgess
| Janko Roettgers / Protocol: |
Cameo lays off 87 staff; source says CTO Rob Post, marketing exec Emily Boschwitz, CPO Nundu Janakiram, and Chief People Officer Melanie Steinbach have gone — Cameo, the celebrity video greetings startup, laid off 87 of staffers Wednesday, a move that CEO Steven Galanis described as “right-sizing.”
More:
The Verge, Chicago Business Journal, TechCrunch, TechSpot, and The Economic Times
Tweets: @mr312, @lucasmtny, @jank0, @shreya_sud, @caseynewton, @iamtherog, @tcarmody, @rmac18, @protocol, @carnage4life, @conorsen, @lucasmtny, @thebenbergman, and @lizperle
| Natasha Lomas / TechCrunch: |
Iceland-based Sidekick Health, which offers a gamified, digital-first care service, raises a $55M Series B led by Novator Ventures — Digital therapeutics plus pills? Iceland's Sidekick Health has developed a gamified digital care platform that's designed to support healthcare outcomes …
More:
FinSMEs, Tech.eu, Fierce Biotech, MobiHealthNews, Asabys, and ArcticStartup
| Mimi Billing / Sifted: |
Alan, which offers personalized mental health programs through its app, raises a €183M Series E led by Canadian Teachers Venture Growth at a €2.7B valuation — Alan, unlike many other big healthtech startups in Europe like Kry/Livi and Ada Health, has companies as its customers.| Tanaya Macheel / CNBC: |
Luna Foundation Guard acquires $1.5B in bitcoin to bolster the reserves of US Terra, its most popular stablecoin, bringing its bitcoin holding to ~$3.5B — The Luna Foundation Guard has acquired $1.5 billion in bitcoin to bolster the reserves of its most popular stablecoin, known as U.S. Terra.
More:
The Crypto Basic
| Mary Ann Azevedo / TechCrunch: |
Canadian digital bank Neo Financial raises a CAD$185M Series C at a CAD$1B+ valuation, bringing its total funding to CAD$299M, and says it has 1M+ customers — Canadian digital bank Neo Financial has raised $145.2 million (CAN$185 million) after surpassing the 1 million customer mark, the company announced today.
More:
Bloomberg, BetaKit, Coinspeaker, and Canadian Press
| Aisha Malik / TechCrunch: |
Google will shut down YouTube Go, the lightweight Android app first launched in 2016, beginning in August 2022, citing improvements to the main YouTube app — YouTube Go is shutting down beginning this August, Google has announced this week. The lightweight Android app first launched …
More:
Digital Trends
| Katie Hafner / New York Times: |
David Walden, who helped build the Interface Message Processor that switched data among computers using the Arpanet, the precursor to the internet, died at 79 — In 1969, he was part of a team of young engineers who built the first machine to switch data among computers using the Arpanet, the precursor to the internet.
Tweets: @philiped and @nytimestech
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