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May 6, 2022, 1:25 AM
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| Dan Primack / Axios: |
Filing: Elon Musk raises $7.14B for his Twitter bid from Saudi Prince Alwaleed, Larry Ellison, Sequoia, VyCapital, Binance, a16z, and others; Ellison gives $1B — Elon Musk on Thursday disclosed a group of co-investors in his Twitter takeover. The names are impressive, but most of their check sizes aren't.
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SEC.gov. More:
Wall Street Journal, BuzzFeed News, New York Times, VICE, SiliconANGLE, Bloomberg, The Hollywood Reporter, Forbes, The Information, Financial Times, UPI, Axios, Bloomberg, New York Times, Ars Technica, DealStreetAsia, CryptoSlate, The Mac Observer, Bitcoin News, PYMNTS.com, CNN, Junghoon's Direct Media …, CNBC, Bloomberg, San Francisco Business Journal, Channel Futures, iMore, and Crunchbase News
Tweets: @alwaleed_talal, @bhorowitz, @bhorowitz, @markdistef, @markdistef, @mikeisaac, @rmac18, @bhorowitz, @cz_binance, @danprimack, @bigblackjacobin, @kurtwagner8, @jack, @seldo, @binance, @maggienyt, @arashmassoudi, @bhorowitz, @ericjackson, @coloradotravis, @katie_roof, @mmasnick, @benwerd, @ryangrim, @thedomino, @taylorlorenz, @eringriffith, @nkulw, @mcnees, @shaig, @carnage4life, @loganbartlett, @alexstamos, @jsphctrl, @karlbode, @danprimack, @sarahfrier, @dearsarah, @danprimack, @silvermanjacob, @pt, @ryan_browne_, @maxkennerly, @mmasnick, @gartenberg, @teresa_longwell, @rmac18, @noupside, @teroterotero, @kantrowitz, @mattbc, @loudmouthjulia, @patrickw, @carnage4life, @benedictevans, @macaesbruno, @tonyfratto, @mehdirhasan, @anildash, @vladsavov, @loudmouthjulia, @rschooley, @pekingmike, @tomaxwell, @mattturck, @alex, @alexstamos, @moorehn, @muradahmed, @peter_tl, @sridinats, @danprimack, @firstadopter, @ivanthek, and @danprimack
| Annie Palmer / CNBC: |
Sources: Elon Musk is expected to serve as the temporary CEO of Twitter for a few months after he completes his $44B takeover of 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.
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The Verge, Reuters, The Economic Times, Bloomberg, Benzinga, Deadline, crypto.news, The Register, Financial Times, New York Post, Social Media Today, Bitcoinist.com, Android Headlines, Mashable India business, and Forkast
Tweets: @teroterotero, @jyarow, @mattrosoff, @drjengunter, @carnage4life, @sam_l_shead, @sivavaid, @lorakolodny, @alexhern, @dcherring, @sjvn, @teroterotero, @mattgoldich, @adetolaov, and @ebdawn_
| New York Times: |
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Insider, Input, Forbes, and Social Media Today
Tweets: @tiffkhsu, @kateconger, @slpng_giants, @intelwire, @bmorrissey, and @digitalshields
| Edwin Chan / Bloomberg: |
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Reuters, CNBC, Financial Times, Gizmodo, and New York Post
Tweets: @petermccormack, @samcarvalho, @jonrussell, @omartamo19, @danprimack, @sociogeeks_, @parkermolloy, @compound248, and @garyblack00
| Wall Street Journal: |
Whistleblowers: Meta deliberately took down Pages for hospitals and other Australian institutions in 2021 as a negotiating tactic over the news bargaining law — When Facebook blocked news pages last year to pre-empt Australian legislation that would force it to pay for content …
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The Register, SiliconANGLE, CNET, The Terminal, and The Age
Tweets: @andymstone, @bethblackshire, @stalruth, @jason_kint, @donie, @anthony, @jason_kint, @asymco, @wbaidlaw, @anildash, @jason_kint, @jason_kint, @drewpusateri, @jesselehrich, @reaganbrad, @jason_kint, @manjusrii, @donie, @lauraedelson2, @anthony, @jason_kint, @jason_kint, @jason_kint, @jason_kint, @jeffhorwitz, @juliapowles, and @jeffhorwitz
| Ian Sherr / CNET: |
Microsoft partners with Epic to offer Fortnite for free through Xbox Cloud Gaming, with or without a subscription, across Android, iOS, iPadOS, and Windows PCs — The tech giant is experimenting with offering free-to-play games through its streaming service.
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YouTube, Xbox Wire, MacRumors, Protocol, TechRadar, The Verge, Game Developer, Digital Trends, iDownloadBlog.com, Gizmodo, iPhone in Canada Blog, TechEBlog, iMore, AppleInsider, 9to5Mac, OnMSFT.com, BigTechWire, and Engadget
Tweets: @timsweeneyepic, @xbox, @tomwarren, @starfire2258, @jamescz19, @dankvr, @satyanadella, @tomwarren, @zacbowden, @tomwarren, @udiwertheimer, @avoblackfyre, @bdsams, @firt, @timsweeneyepic, @slightlylate, @wario64, @pathedger18, @bdsams, and @slightlylate. Thanks:@iansherr
| Ian Sherr / CNET: |
Apple, Google, and Microsoft plan to offer the FIDO Alliance's passwordless tech on websites and apps, using fingerprint readers, face scanners, and smartphones — What's happening — Why it matters — What it means for you — If Apple, Google and Microsoft have their way …
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FIDO Alliance, Apple, The Keyword, The Verge, Microsoft Tech Community, Microsoft Security Blog, Dark Reading, BleepingComputer, Tech.co, BGR India, AppleInsider, TechCrunch, CIO.com, TechSpot, Daring Fireball, Android Headlines, Gizmodo, iPhone Hacks, PCWorld, HotHardware.com News, and MacStories
Tweets: @cisajen, @troyhunt, @mrisher, @k8em0, @can, @emilykager, @thorsheim, @azuread, @blowdart, @johnwilander, @rmondello, @robleathern, @argvee, and @reneritchie
| Michael Bellusci / CoinDesk: |
Block reports Q1 revenue down 22% YoY to $3.96B, vs. $4.1B est., profit up 34% YoY to $1.29B, and Cash App bitcoin revenue down 51% YoY to $1.73B; stock up 5%+ — Fintech and digital payments giant Block Inc. (SQ) reported first-quarter earnings that missed analyst expectations on Thursday … | Aislinn Keely / The Block: |
The CFTC orders BitMEX's three cofounders to pay $10M each for not registering with the agency, and failing to implement anti-money laundering and KYC checks — The Commodity Futures Trading Commission (CFTC) has hit the founders of crypto exchange BitMEX with a total of $30 million in civil monetary penalties.
More:
Bloomberg, Cointelegraph, CryptoSlate, CFTC, Crowdfund Insider, Decrypt, and CoinDesk
| MK Manoylov / The Block: |
Blockchain-based gaming startup Untamed Planet, which uses Roblox to create nature-themed games incorporating NFTs, raises a $24M Series A led by Animoca Brands — Untamed Planet, a blockchain-based gaming startup, raised $24.3 million in a Series A funding round led by Animoca Brands.| Jordan Novet / CNBC: |
Amazon stock closes down ~8%, Meta ~7%, Apple ~6%, Alphabet ~5%, and Microsoft ~4% as a Big Tech selloff pushes the Nasdaq to its steepest drop since June 2020 — - Cloud and e-commerce stocks were among the biggest losers on Thursday on disappointing earnings reports and after the U.S. central bank raised interest rates.
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Financial Times, Bloomberg, Crain's New York Business, The Motley Fool, Deadline, StockNews.com, TheStreet, Variety, Fox Business, and Insider
Tweets: @rustybrick, @pkedrosky, and @kritiguptanews
| Jeff John Roberts / Decrypt: |
Zora, which offers an open-source NFT marketplace protocol, raises a $50M seed at a $600M valuation led by Haun Ventures, Katie Haun's new crypto fund — In December, the high-flying crypto investor Katie Haun roiled the crypto world by announcing she was leaving Andreessen Horowitz to launch her own $1.5 billion venture fund.| Natasha Mascarenhas / TechCrunch: |
Sources: On Deck, which connects founders with capital and advice, laid off 25% of its staff, or ~72 people, after raising ~$40M of a planned $100M-$150M fund — On Deck, a tech company that connects founders to each other, capital and advice, has laid off 25% off its staff, per sources familiar with the company.
Tweets: @nmasc_, @eriktorenberg, @bizcarson, @nmasc_, @carnage4life, and @sarthakgh
| Jackie Davalos / Bloomberg: |
DoorDash reports Q1 revenue up 35% YoY to $1.46B, vs. $1.38B est., 404M orders, up 23% YoY, gross order value up 25% to $12.4B, vs. $11.7B est.; stock up 5%+ — DoorDash Inc. reported revenue that beat analysts' estimates, a sign that customers' craving for the convenience of ordering online …
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DoorDash, CNBC, FreightWaves, Benzinga, MarketWatch, Associated Press, Wall Street Journal, Mercury News, and Reuters
| Bloomberg: |
Latin American e-commerce site MercadoLibre reports Q1 revenue up 63% YoY to $2.2B, vs. $2B est., and gross merchandise volume up 27% YoY to $7.7B; stock up 8%+ — MONTEVIDEO, Uruguay, May 5 th , 2022 (GLOBE NEWSWIRE) — MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com) …
More:
MercadoLibre, Inc. and Reuters
| Mikhail Klimentov / Washington Post: |
Some former and current staff of esports companies TSM and Blitz allege workplace abuse and a “culture of fear” fostered by their CEO Andy Dinh — In March of 2021, employees at the esports organization TSM were summoned to a virtual all-hands meeting to discuss the termination …
Tweets: @amandafarough and @montecristo
| Reuters: |
Pachama, which uses AI and remote sensing to verify forest carbon credits, raises a $55M Series B led by Future Positive — Nature-based carbon credit platform Pachama said on Thursday it had raised $55 million in a funding round led by venture capital firm Future Positive and backed …
More:
GlobeNewswire News Room and AFN
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