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May 18, 2022, 3:25 PM
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| Brian Stelter / CNN: |
Twitter's board says “Mr. Musk agreed to a transaction at $54.20 per share” and that it intends to “close the transaction and enforce the merger agreement” — New York CNN Business — … Who wants to own Twitter? Maybe Elon Musk doesn't.
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New York Times, TheStreet, SEC.gov, Ars Technica, Fortune, Axios, Bloomberg, Bloomberg, Axios, TaaSMaster Newsletter, Mashable, Washington Post, Politique Republic, The Irish Times, and New York Times
Tweets: @nycsouthpaw, @sherman4949, @nycsouthpaw, @laurenshirsch, @ilyabr0wn, @loudmouthjulia, @tomcoates, @bennyjohnson, @thevivafrei, @sherman4949, @brianstelter, @dsquareddigest, @sherman4949, @davezatz, @emptywheel, @danprimack, @ivanthek, @ivanthek, @danprimack, @bongcapital, @laurenshirsch, @arashmassoudi, @bongcapital, @ivanthek, @bongcapital, @samro, @sarafischer, @sherman4949, @danprimack, @sherman4949, and @sherman4949
| Bloomberg: |
Sources: despite Elon Musk's tweets, his team, Twitter, and banks are preparing the documents needed to close the purchase, including the 139-page SEC filing — In public, Elon Musk's erratic tweets have sent Twitter Inc.'s shares flailing, as traders bet that the billionaire is preparing …
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New York Times, Barron's Online, and Insider
Tweets: @darth, @epro, @business, @shortingisfun, @martinsfp, @mattnavarra, and @edludlow
| Edwin Chan / Bloomberg: |
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@elonmusk. More:
Insider, PCMag, Fortune, Wired, WRAL TechWire, The Guardian, TechCircle, Fossbytes, TNW, Reuters, ExtremeTech, and The Signal
Tweets: @elonmusk, @elonmusk, @mmasnick, @evafoxu, @sruhle, @chandrarsrikant, @crtrud, @carnage4life, @mollyjongfast, @lukemiani, @billym2k, @repaoc, @meiselasb, @anandwrites, @annelamott, @joshtpm, @lizpeek, @moorehn, @tedlieu, @thesheetztweetz, @janewells, @richsignorelli, @nilegardiner, @efffalcon, @carnage4life, @tonychurnside, and @karlbode
| Monica Chin / The Verge: |
Acer refreshes the Swift 3 laptop, starting at $900 with a 14" OLED display, 12th Gen Intel Core H-series CPUs, and claimed 10-hour battery life, coming in July — A new 14-inch OLED for $899.99 — It wasn't too long ago that the phrase “OLED laptop” implied a luxury product.
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XDA Developers, ZDNet, CNET, Windows Central, Tech Advisor, PCWorld, Android Authority, BGR India, Tom's Hardware, Engadget, Liliputing, Acer, and Digital Trends
| Phillip Tracy / Gizmodo: |
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XDA Developers, Tom's Hardware, Windows Central, PCWorld, Ars Technica, KnowTechie, Acer, Engadget, Engadget, TechRadar, and Digital Trends
| Sam Rutherford / Engadget: |
| Financial Times: |
Filing: Saudi Arabia's Public Investment Fund bought a 5% stake in Nintendo worth $2.98B; the PIF disclosed 5%+ stakes in Nexon and Capcom in February 2022 — Sovereign wealth fund has already bought into Japan's Capcom and Nexon — Saudi Arabia's sovereign wealth fund has acquired …
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Bloomberg, Polygon, Game Rant, MobileSyrup, Twinfinite, GamesIndustry.biz, Wall Street Journal, NME, Kotaku, Nintendo Life, and Eurogamer.net
Tweets: @gearoidreidy, @andyplaytonic, @toadsanime, @jenny_b_3, @randallbell, @quinnypig, and @stephentotilo
| Mitchell Clark / The Verge: |
Amazon refreshes its Fire 7 tablet with USB-C charging, better battery life, and a 30% faster processor, and raises the price from $50 to $60, coming June 29 — And faster internals — Amazon is updating its small and inexpensive Fire 7 tablet for the first time in three years … | Mark Gurman / Bloomberg: |
Sources: Ian Goodfellow, Apple's former director of machine learning who left over the company's strict return-to-office policy, is joining Alphabet's DeepMind — An Apple Inc. executive who left over the company's stringent return-to-office policy is joining Alphabet Inc.'s DeepMind unit …
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Gizmodo, 9to5Google, Wall Street Journal, The Mac Observer, Engadget, The Verge, New York Post, TechRadar, iThinkDifferent, AI News, Philip Elmer‑DeWitt, The Register, TechCircle, WRAL TechWire, Silicon Republic, MacRumors, and Benzinga
Tweets: @markgurman, @mkarolian, @lapcatsoftware, @applelaborers, @bob_burrough, @wintermoat, @brianroemmele, and @chancehmiller
| New York Times: |
A profile of Do Kwon, the trash-talking founder of Terraform Labs, which raised $200M+ to build LUNA and UST; many investors avoided losses by cashing out early — Do Kwon, a South Korean entrepreneur, hyped the Luna and TerraUSD cryptocurrencies. Their failures have devastated some traders …
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The Block and The Block
Tweets: @altcoinpsycho, @thecryptomonk, @bennetttomlin, @flitteronfraud, @yonettejo, and @peter_atwater
| Financial Times: |
China's top economic official meets with dozens of tech execs and experts and pledges “support” for Chinese tech companies amid a deepening economic slump — Beijing's top economic official holds meetings with executives and industry experts — China's top economic official met dozens … | Zheping Huang / Bloomberg: |
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South China Morning Post, Reuters, Wall Street Journal, Tencent Investor Relations, Financial Times, Coinspeaker, RTÉ, and Barron's Online
Tweets: @sofiahcbbg, @theemikehobart, and @financial_orbit
| Nellie Andreeva / Deadline: |
Netflix cuts 150 jobs out of 11K across departments in a new round of layoffs, mostly in the US, as the company reins in costs amid slowing revenue growth — EXCLUSIVE: Layoffs are underway at Netflix today. About 150 positions out of the streamer's workforce of 11,000 are being eliminated amid … | Mary Jo Foley / ZDNet: |
Addressing complaints by rivals, Microsoft begins relaxing its cloud licensing rules in Europe, which made running its software on other clouds more expensive — Microsoft is undoing in Europe some of the restrictive cloud-licensing policies it first announced in 2019 which made running …
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Microsoft On the Issues, Thurrott, GeekWire, Softpedia News, Euractiv, The Register, OnMSFT.com, and Financial Times
Tweets: @bradsmi, @getwired, @quinnypig, @bradsmi, @maryjofoley, and @klyngec
| Wall Street Journal: |
Google's Russian subsidiary plans to file for bankruptcy, saying it is impossible to pay employees and suppliers after authorities seized its bank account — Departure of employees comes as Russian subsidiary prepares to declare bankruptcy, effectively ending the company's commercial operations in the country
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PCMag, Ars Technica, The Verge, Telegraph, CRN, Associated Press, Reuters, Android Police, The Hill, City A.M., The Economic Times, and Slashdot
Tweets: @samschech and @trippmickle
| Tiffany Hsu / New York Times: |
Celebrities have been criticized for hyping crypto without highlighting the risks after this month's sell-off, as Crypto.com and FTX scale back on ad spending — Crypto boosters such as Matt Damon, Reese Witherspoon and Gwyneth Paltrow have been criticized for hyping virtual currency without highlighting the risks.
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Protos and Newslit Daily
| Bloomberg: |
Four Democratic senators ask the FTC to examine whether ID.me illegally misled consumers and government agencies about its use of facial recognition software — A group of Democratic senators has asked the Federal Trade Commission to investigate whether identity verification company ID … | Emily Nicolle / Bloomberg: |
CoinGecko: after Tether lost its dollar peg, leading to $8.5B+ in redemptions, Circle's USDC stablecoin circulation rose by $3.4B and Binance USD is up $1.2B — Circle's USD Coin is reaping the benefits as circulation of Tether, the world's largest stablecoin and its closest rival, continues to decline in a wave of redemptions.
More:
Crypto Briefing. Tweets: @chrisbloomstran, @toby_n, @defimoon, @jerallaire, @gaborgurbacs, @zhusu, @mdudas, @mdudas, @toby_n, @degenspartan, @bennetttomlin, @jeetsidhu_, @biancoresearch, @biancoresearch, @davetroy, @biancoresearch, @cryptoseq, and @degenspartan
| Kate Rooney / CNBC: |
At the first investor day in five years, Jack Dorsey reaffirms Block's commitment to bitcoin; Block's stock is down from its 52-week high of $289.23 to ~$83 — - At Block's first investor day since 2017, executives describe how crypto and music-streaming businesses make up an “ecosystem” beyond the original card reader.| Tomio Geron / Protocol: |
Plaid announces two products for Automated Clearing House transfers, including identify verification, putting it in direct competition with Stripe — Plaid is moving into identity verification in a crucial expansion beyond its roots connecting banks and fintechs — a move that could put … Sponsor Posts
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