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May 13, 2022, 7:45 AM
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| Nivedita Balu / Reuters: |
Elon Musk says his Twitter deal is temporarily on hold “pending details supporting calculation that spam/fake accounts” represent <5% of users; TWTR drops 17%+ — Elon Musk said on Friday his $44-billion deal for Twitter Inc (TWTR.N) was temporarily on hold, citing pending details on spam and fake accounts.
Source:
@elonmusk. More:
Wall Street Journal, Washington Post, Livemint, The Verge, Axios, PYMNTS.com, Android Authority, TNW, Bloomberg, Engadget, Protocol, TechCrunch, Gizmodo, The Irish Times, The Guardian, The Economic Times, CNN, Financial Times, Moneycontrol, BuzzFeed News, Financial Times, BBC, New York Times, The Wrap, VICE, Fortune, Insider, Variety, CNBC, Deadline, iMore, WRAL TechWire, The Hollywood Reporter, Cryptonews, The Crypto Basic, RTÉ, Forbes, Pocket-lint, Reclaim The Net, and Mashable
Tweets: @claritytoast, @hblodget, @mgsiegler, @0x, @alexweprin, @alexweprin, @psawers, @jeffjarvis, @cristinacriddle, @ben_mckenzie, @paultassi, @carnage4life, @kantrowitz, @clairecmc, @loganbartlett, @garyblack00, @wongmjane, @markets, @ankaman616, @parmy, @parmy, @parmy, @robtfrank, @arthurschwartz, @matt_levine, @samro, and @tbraithwaite
| @kayvz: |
[Thread] Twitter product chief Kayvon Beykpour says he is leaving at the request of CEO Parag Agrawal, who wants to “take the team in a different direction” — Interrupting my paternity leave to share some final @twitter-related news: I'm leaving the company after over 7 years.
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Financial Times, Silicon Republic, TechCrunch, Platformer, and MobileSyrup
Tweets: @kayvz, @caseynewton, @boo, @mikeisaac, @kayvz, @adambain, @kayvz, @_dml, @kimmasters, @financialtimes, @lindseyboylan, @thauburger, @reckless, @film_girl, @reckless, @caseynewton, @panzer, @rmac18, @karaswisher, @carnage4life, @jessicalessin, @mikeisaac, @samsheffer, @grahamstarr, @alexrkonrad, @chadloder, @martinsfp, @caseynewton, @willoremus, @carnage4life, @sal19, @nickstatt, @kurtwagner8, @kayvz, @alex, @kantrowitz, @karaswisher, @film_girl, @willoremus, @meganmorrone, @katies, @kvlly, @kantrowitz, @willoremus, @caseynewton, @jess, and @willoremus
| Bloomberg: |
In a memo, Twitter CEO Parag Agrawal announces a hiring freeze and other cost-cutting efforts; VP of product Jay Sullivan will take over as head of product — Twitter Inc. Chief Executive Officer Parag Agrawal announced a hiring freeze and other cost-cutting efforts on Thursday …
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The Verge, New York Times, The Verge, The Register, Fox Business, Reuters, Engadget, PYMNTS.com, Android Headlines, and Gizmodo
Tweets: @boo, @boo, @jordanzakarin, @oneunderscore__, @ericajoy, @alexeheath, @willoremus, @gossithedog, @kantrowitz, @sarthakgh, and @w7voa
| Sunil Jagtiani / Bloomberg: |
Terraform Labs halts Terra block production for the second time in 24 hours “to come up with a plan to reconstitute it”, after UST and LUNA collapsed — The blockchain behind the collapsed TerraUSD stablecoin and the affiliated Luna token stopped processing new transactions for the second time in less than a day.
Source:
@terra_money. More:
Bloomberg, The Guardian, Decrypt, The Block, Cointelegraph, Inside Bitcoins, Benzinga, Bitcoin Magazine, CoinGape, Coinspeaker, Cryptonews, CoinDesk, Cryptopolitan, CoinDesk, Decrypt, CryptoPotato, CoinDesk, Market Meditations, Web3 is going just great, The Block, CryptoPotato, and CoinGape
Tweets: @terra_money, @terra_money, @terra_money, @ncweaver, @eric20token, @migueldeicaza, @ncweaver, @wormholecrypto, @hoffmang, @mewn21, @trader_xo, @wormholecrypto, @wormholecrypto, @justinwolfers, @luna_terra_coin, @decryptmedia, @ercwl, @alexhern, @m_paulmcnamara, @theblock__, @web3isgreat, @chainlinkgod, @crypto_condom, @bennetttomlin, and @timccopeland
| Shaurya Malwa / CoinDesk: |
More:
Bloomberg, Terra Research Forum, Tech in Asia, and The Verge
Tweets: @paoloardoino, @thestalwart, @matt_levine, @cobie, @cobie, @_checkmatey_, @profjeffjarviss, @mtsw, @ojuice_eth, @atari_buzzk1ll, @cobie, @iamlluciana, @tether_to, and @kantrowitz
| Joanna Ossinger / Bloomberg: |
More:
New York Times, The Block, CoinDesk, Cointelegraph, TechCrunch, TechCrunch, and CNBC
Tweets: @stablekwon, @terra_money, @johnbrownlow, @stablekwon, @ariadneconill, @lukeisamazing, @traderkoz, @mskidchaos, @trustlessstate, @molly0xfff, @stablekwon, @jerallaire, @kadhim, @unusual_whales, @jqt_galaxe, @zeitgeistfilm, @sbf_ftx, @nkulw, @jemgold_, @lawmaster, @lubchansky, @paleofuture, @alexhern, @carnage4life, @parismarx, @thestalwart, and @barrysilbert
| Financial Times: |
More:
Reuters, Life in the 21st Century, and The Overspill
Tweets: @tether_to, @adamsamson, @thestalwart, @wublockchain, @matthewstoller, @whstancil, @jangold_, @carnage4life, @ben_mckenzie, @matthewphillips, @jason, @mayazi, and @kadhim
| Yueqi Yang / Bloomberg: |
Coinbase's market cap falls to $12.98B from a $75B+ peak in 2021 as its stock closes at $58.50, far below its first day closing price of $328.28 in April 2021 — Coinbase Global Inc. has declined precipitously this year, largely mimicking the drop in Bitcoin prices and taking its market value …
More:
CNN, The Tokenist, and Decrypt
Tweets: @brian_armstrong, @sophiamzaller, @malwarejake, @disruptepreneur, and @karacalvert
| Lucas Matney / TechCrunch: |
Ex-Facebook crypto chief David Marcus launches Lightspark, a payments startup building on Bitcoin's Lightning network, backed by a16z, Paradigm, and others — After his departure from Facebook in November, many crypto industry insiders speculated where long-time executive David Marcus would land.
More:
Andreessen Horowitz, The Block, Benzinga, Silicon Republic, PYMNTS.com, Cryptonews, Matrix Partners Viewpoints, CryptoPotato, The Economic Times, Bloomberg, and Crypto Briefing
Tweets: @davidmarcus, @davidmarcus, @bullyesq, @mikeisaac, @sriramk, @kantrowitz, @sriramk, @spiritofbitcoin, @mikeisaac, @jack, @davidmarcus, @colum, @smtuffy, @aaronwise5147, @thestalwart, @fehrsam, and @ravmike
| Jane Lanhee Lee / Reuters: |
Arm reports 2021 revenue rose 35% YoY to $2.7B, driven by licensing, up 61% YoY to $1.13B, and royalties, up 20% YoY to $1.54B; 29.2B ARM chips shipped in 2021 — SoftBank Group Corp's(9984.T) chip technology firm Arm Ltd on Thursday reported record revenue for 2021, and Chief Executive …
More:
Arm, The Register, Semiconductor Engineering, ZDNet, HPCwire, and insideHPC
Tweets: @bobodtech, @patrickmoorhead, and @benbajarin
| Veronica Irwin / Protocol: |
Masayoshi Son says SoftBank plans to cut its startup investments by 50%-75% through March 2023, after Vision Fund reported a $20B+ loss for its fiscal year — Japanese conglomerate SoftBank is severely cutting its planned startup investments through next March, Chief Executive Masayoshi Son said in a Thursday earnings call.
More:
MarketWatch, New York Times, Bloomberg, Newcomer, and TechCrunch
Tweets: @fgraillot and @financialtimes
| Lora Kolodny / CNBC: |
In an email, Jason Calacanis says he is “collecting interest to invest in Twitter” as part of Elon Musk's buyout; the minimum investment to participate is $250K — - Jason Calacanis, who's known for early bets on companies like Uber and Robinhood, is pulling together funds … | Washington Post: |
Interviews with 17 Hollywood insiders reveal that celebrities view Twitter as a high-risk, low-reward platform, and why Musk's ownership might make it worse — Elon Musk was right that Twitter's most popular accounts have gone quieter over the years. Hollywood insiders explain what happened …
More:
Protocol. Tweets: @jeffnolan, @whereisdaz, @mrinaldesai, @nickmartin, @mattnavarra, @kantrowitz, @karissabe, @theeashleyray, @lisakayhawes, @triketora, @taylorlorenz, @natemcdermott, @willoremus, and @docdre
| Tanaya Macheel / CNBC: |
SEC filing: FTX CEO Sam Bankman-Fried bought a 7.6% stake, worth $648M, in Robinhood, calling it “an attractive investment”; stock jumps 20%+ after hours — Sam Bankman-Fried, the CEO of crypto exchange FTX, has taken a 7.6% stake in Robinhood, according to a Thursday filing with the Securities and Exchange Commission.
More:
CoinDesk, Reuters, Waivly, Bloomberg, Cryptopolitan, Insider, Crowdfund Insider, Cointelegraph, Bitcoinist.com, Coinspeaker, Fortune, MarketWatch, Benzinga, Decrypt, Wall Street Journal, The Block, Tech Xplore, and Financial Times
Tweets: @epro and @madhavchanchani
| Mahira Dayal / The Information: |
PitchBook: 16 new VC funds with 60%+ female decision makers have raised $4.5B from January to April 2022; women-led funds raised $3.7B in 2021 and $1.8B in 2020 — For years, women-led venture capital funds were the true Silicon Valley unicorns, a rarity in a sector where the vast majority of check writers are men.Sponsor Posts
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Genesys:
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