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May 9, 2022, 9:55 PM
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| Bloomberg: |
Bitcoin fell 10%+ to under $30,000, its lowest level since July 2021, as investors flee riskier investments; Ethereum, Solana, Avalanche, and others also fell — Bitcoin extended losses, dropping below $30,000 for the first time since July 2021, putting its decline from a November record high …
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Wall Street Journal, The Block, Wall Street Journal, Gizmodo, Forbes, The Verge, CoinDesk, Fortune, New York Times, CNBC, Bitcoinist.com, Cointelegraph, Livemint, Bloomberg, SlashGear, Ethereum World News, Tom's Hardware, Financial Times, Cointelegraph, Bloomberg, CNBC, Barron's Online, and RTÉ
Tweets: @lfg_org, @saylor, @stablekwon, @cryptomanran, @schwarz, @maybebullish, @thinkingbitmex, @bennetttomlin, @adamsinger, @thestalwart, @ahcastor, @naiivememe, @robustus, @kaiynne, @iamjosephyoung, @nlw, @ben_mckenzie, @cryptowhale, @ryansadams, @saxena_puru, @film_girl, @tier10k, @timbray, @twobitidiot, @ldrogen, @zachweinberg, @robustus, @punk6529, @timbray, @carnage4life, @adamsinger, @trustlessstate, @thestalwart, @bitfinexed, and @davidzmorris
| Sam Kessler / CoinDesk: |
CoinMarketCap: the UST stablecoin loses its USD peg, falling below $0.80, after the Luna Foundation Guard pledges $1.5B of its bitcoin reserves to defend UST — TerraUSD (UST) has lost its dollar peg for the second time in three days, falling to as low as $0.95 on Monday …
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Decrypt, PYMNTS.com, CoinDesk, Micky, Bitcoin Magazine, Bitcoin Magazine PRO, Crypto Briefing, Bitcoin News, Blockworks, and Bloomberg
Tweets: @jonwu_, @kevinsekniqi, @joemccann, @molly0xfff, @terra_money, @coindesk, @zguz, @trader1sz, @martiniguyyt, @darealmilkbagz, @terra_money, @forgash_, @thestalwart, @crypto, @officialtravlad, @mylifeindefi, @kevinsekniqi, @terra_money, @guilletorrealba, @carnage4life, @nzkoz, @dlauer, @antoniogm, @mdudas, and @cbarraford
| Anushree Dave / The Block: |
Mark Zuckerberg says Meta will start letting some US creators test digital collectibles and NFTs on Instagram this week, and won't charge for sharing NFTs — Meta will start testing digital collectibles and NFTs on Instagram this week, according to chief executive Mark Zuckerberg.
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Facebook. More:
TechCrunch, The Verge, Platformer, CoinDesk, Phandroid, Engadget, Crypto Briefing, Social Media Today, NFT Evening, Gizmodo, Marketing e Negócios, ZyCrypto, Redmond Pie, Protocol, 9to5Mac, Decrypt, crypto.news, CoinDesk, Cripto Letter, Finextra, Coinspeaker, and CoinDesk
Tweets: @mosseri, @metanewsroom, @0xpolygon, @sophiatwilson, @watcherguru, @phantom, @sal19, @weinbagz, @hhorsley, @seyitaylor, @charlesarthur, @kcallop, @minimaxir, @timsweeneyepic, @dennishegstad, @skasriel, @katienotopoulos, @mayazi, @drjessmaddox, @carnage4life, @stuartfrisby, @parkyprakhar, @andrewmartonik, @megan_kaspar, and @0xethandg
| Washington Post: |
Researchers: Elon Musk, who vowed to defeat Twitter's “spam bots or die trying”, has long benefited from “fanbots” boosting Tesla shares and deriding critics — Mechanized accounts have sought to boost Tesla shares, deride critics and push the pending takeover of Twitter.| The Information: |
Sources: Meta is considering reducing the money it gives news outlets and focusing on news content as short videos on Facebook rather than as links to articles — Meta Platforms is considering reducing the money it gives news organizations as it reevaluates the partnerships it struck …
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Reuters. Tweets: @taylorlorenz, @katzish, @kendallybrown, @vickerysec, @darth, @simonowens, @jeffjarvis, @dskok, @therriaultphd, @noupside, @dsilverman, @pookleblinky, @jason_kint, @blackamazon, @kevinmarks, and @markdistef
| CNBC: |
Staff email: Uber CEO Dara Khosrowshahi says the company will slash marketing and incentive spending, treat hiring as a “privilege”, focus on profit, and more — - Uber will slash spending on marketing and incentives and treat hiring as a “privilege,” CEO Dara Khosrowshahi said in an email to staff on Sunday.
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The Register, The Information, Engadget, Insider, New York Times, TechCrunch, Quartz, The Verge, Gizmodo, Protocol, Axios, Fortune, Benzinga, City A.M., The Hill, The Economic Times, Reuters, and Barron's Online
Tweets: @dee_bosa, @dee_bosa, @shiraovide, @shiraovide, @niklausfuller, @breadcrumbsre, @ericnewcomer, @mattzeitlin, @marypcbuk, @mateosfo, @gergelyorosz, @jeffnolan, @tedkempcnbc, @stockjabber, @european_dgi, @dee_bosa, @jyarow, @tomprice, @shafiquegajdhar, @petergyang, @traceyryniec, @transitcenter, @cabvisiontaxi, @shortsightedcap, @wallstcynic, @marceloplima, @cmungerilal, and @bgurley
| Drew Harwell / Washington Post: |
Clearview AI reaches a settlement with the ACLU by agreeing to stop selling or offering free access to its facial recognition database to most US businesses — The settlement marks one of the most significant court actions yet against a company known for downloading billions of people's photos …
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New York Times, Agence France-Presse, PCMag, TechCrunch, CNN, The Verge, Engadget, ACLU of Illinois, Insider, Mashable, Gizmodo, The Record, CyberScoop, The Hill, Associated Press, Protocol, Reuters, Forbes, Slashdot, and Pixel Envy
| Margaret Harding McGill / Axios: |
The White House says 20 ISPs, including Verizon, Comcast, and Charter, have agreed to offer 100 Mbps internet service for $30 per month to low-income families — The White House said Monday 20 internet service providers have agreed to offer $30 high-speed internet plans to low-income families … | Ari Levy / CNBC: |
Coinbase, Robinhood, Rivian, UiPath, Marqeta, and Toast are down 65%+ from their IPO; over half of 53 tech companies that went public in 2021 are down 50%+ — - After a banner year for tech IPOs in 2021, the most notable companies to go public are now suffering some of the biggest losses on the market.
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CoinDesk
| Kevin Collier / NBC News: |
Lincoln College is set to become the first US higher education institution to close in part due to a ransomware attack, which hindered admissions last December — Lincoln College is scheduled to close its doors Friday, becoming the first U.S. institution of higher learning to shut down in part due to a ransomware attack.
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Gizmodo, BleepingComputer, Engadget, The Hill, Bloomberg, IT Management, and Herald & Review
Tweets: @kevincollier, @chrisgnardi, @k8em0, @oneunderscore__, and @ericgeller
| Tara Deschamps / Canadian Press: |
Canada's Competition Bureau files to block Rogers' $26B purchase of Shaw, as the merger would lead to “higher prices, poorer service quality, and fewer choices” — The Competition Bureau has filed an application to block Rogers Communications Inc.'s purchase of Shaw Communications Inc …
More:
Government of Canada, MobileSyrup, iPhone in Canada Blog, and Bloomberg
Tweets: @compbureau and @davidreevely
| Todd Spangler / Variety: |
IAB and PwC report: US podcast ad revenue hit $1.45B in 2021, up 72% YoY, and is expected to grow 47% to $2.13B in 2022 and grow to $4.2B in 2024 — Listen to this: The podcast advertising biz is continuing its upward trajectory — with U.S. ad sales expected to grow 47% this year to $2.13 billion … Sponsor Posts
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CIO challenge 6: Can we find an effective solution that also minimizes operational costs? — Welcome to the next and final installment of our CIO series! After what feels like a thousand cups of coffee …
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