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May 13, 2022, 2:30 PM
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| Nivedita Balu / Reuters: |
Elon Musk says his Twitter deal is “temporarily on hold” pending a review of “spam/fake accounts”, but he is “still committed to acquisition”; stock drops 5%+ — Elon Musk said on Friday his $44-billion deal for Twitter Inc (TWTR.N) was temporarily on hold …
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@elonmusk and @elonmusk. More:
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Tweets: @snoopdogg, @snoopdogg, @claritytoast, @ryanqnorth, @saschasegan, @fmanjoo, @mikeisaac, @sarahfrier, @hblodget, @caseynewton, @dinasrinivasan, @caseynewton, @danprimack, @taylorlorenz, @realspikecohen, @ed_solomon, @paleofuture, @arashmassoudi, @arthurschwartz, @will_bunch, @garyblack00, @maxboot, @patrickw, @bplewis, @matt_levine, @mgsiegler, @ankaman616, @loganbartlett, @samro, @williamturton, @brij, @cristinacriddle, @andyostroy, @rmac18, @parmy, @loudmouthjulia, @espiers, @robtfrank, @danprimack, @carnage4life, @wongmjane, @willoremus, @carltonreid, @obrien, @noupside, @carnage4life, @0x, @parikpatelcfa, @jeffjarvis, @cliffschecter, @parmy, @digiphile, @wfkars, @markets, @profgalloway, @mims, @alexweprin, @metaquest, @psawers, @clairecmc, @karaswisher, @jjohnsonlaw, @kurtwagner8, @stanhoraczek, @briannawu, @karaswisher, @alexweprin, @tomcoates, @parmy, @ben_mckenzie, @deanobeidallah, @kantrowitz, @seldo, @paultassi, @tbraithwaite, @dangoodin001, @sarafischer, and @gtconway3d
| Matt Levine / Bloomberg: |
By tweeting that the deal is on “hold”, Musk is yet again committing “lite securities fraud” while laying the groundwork to walk away or renegotiate the price — Programming note: Money Stuff was supposed to be off today, but then my boss, Elon Musk, called me in to work anyway.| Bloomberg: |
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| Sunil Jagtiani / Bloomberg: |
Terraform Labs halts Terra block production for the second time in 24 hours “to come up with a plan to reconstitute” the network, 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:
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| Matt Levine / Bloomberg: |
If crypto continues to integrate into the real economy, cryptocurrency sell-offs could impact ordinary people, especially if there are runs on stablecoins — Programming note: Money Stuff will be off tomorrow, back on Monday. — Crypto — In 2008 the prices of some structured credit products built … | Joanna Ossinger / Bloomberg: |
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New York Times, The Block, Wall Street Journal, Washington Post, The Record, and Forkast
| Mark Gurman / Bloomberg: |
Sources: Apple is testing iPhones with a USB-C port, and adapters for Lightning accessories, for 2023 at the earliest, to help it conform with looming EU rules — Apple Inc. is testing future iPhone models that replace the current Lightning charging port with the more prevalent USB-C connector …
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TechCrunch, XDA Developers, Livemint, Engadget, AppleInsider, The Verge, 9to5Mac, MacRumors, Tom's Guide, MobileSyrup, Redmond Pie, The Shortcut, iPhone in Canada Blog, Patently Apple, Mashable, Techaeris, iPhone Hacks, Tech.co, iMore, and iClarified
Tweets: @mingchikuo, @markgurman, @bradstone, @parkerortolani, @rsgnl, and @darylbaxter
| Jane Lanhee Lee / Reuters: |
Arm reports record 2021 revenue, up 35% YoY to $2.7B, due to 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 …
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Arm, The Register, Silicon Valley Business …, Thurrott, Apple Must, Semiconductor Engineering, and ZDNet
Tweets: @bobodtech, @patrickmoorhead, and @benbajarin
| David Ingram / NBC News: |
Some local officials forced US schools and libraries to shut down or limit e-reader apps like Epic and OverDrive after conservative parents objected to content — E-reader apps that became lifelines for students during the pandemic are now in the crossfire of a culture war raging over books in schools and public libraries.| Kyle Wiggers / TechCrunch: |
SEC filing: Inflection AI, a human-computer interface startup headed by LinkedIn's Reid Hoffman and DeepMind's Mustafa Suleyman, raises $225M — Inflection AI, the machine learning startup headed by LinkedIn co-founder Reid Hoffman and founding DeepMind member Mustafa Suleyman …
Tweets: @mrinaldesai
| Financial Times: |
After SoftBank's subdued earnings call, some investors worry whether Masayoshi Son can handle the current market downturn — Tech stock rout has investors wondering how SoftBank can manage its heavy debt load — Masayoshi Son was uncharacteristically subdued when he revealed on Thursday … | Laurens Cerulus / Politico: |
EU countries and parliament agree on cybersecurity rules requiring industries such as banking, energy, telecom, and transport to better protect their networks — Faced with a flurry of cyberattacks, the European Union is asking its critical sectors to harden their defenses.| Manish Singh / TechCrunch: |
Swiggy plans to acquire Dineout, a Times Internet-owned service for restaurant table reservations and events, a source says for $200M in an all-equity deal — Swiggy has amassed millions of users, helping them order food and grocery online in India. The seven-year-old firm is now looking to reach those who go out to eat.| Paresh Dave / Reuters: |
US states and local governments are backing off banning facial recognition, amid rising crime and increased lobbying from facial recognition developers — Facial recognition is making a comeback in the United States as bans to thwart the technology and curb racial bias in policing come under threat amid … Sponsor Posts
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