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May 18, 2022, 5:30 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, Axios, SEC.gov, TheStreet, Ars Technica, Fortune, Bloomberg, Axios, Washington Post, Livemint, Politique Republic, Mashable, TaaSMaster Newsletter, The Irish Times, and New York Times
Tweets: @nycsouthpaw, @sherman4949, @nycsouthpaw, @laurenshirsch, @ilyabr0wn, @loudmouthjulia, @crtrud, @sherman4949, @tomcoates, @brianstelter, @dsquareddigest, @bennyjohnson, @sherman4949, @thevivafrei, @davezatz, @emptywheel, @danprimack, @ivanthek, @ivanthek, @danprimack, @bongcapital, @laurenshirsch, @arashmassoudi, @bongcapital, @ivanthek, @bongcapital, @samro, @sarafischer, @sherman4949, @danprimack, @sherman4949, and @sherman4949
| Bloomberg: |
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New York Times, Barron's Online, and ExtremeTech
Tweets: @darth, @business, @shortingisfun, @martinsfp, @epro, @mattnavarra, and @edludlow
| Edwin Chan / Bloomberg: |
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@elonmusk. More:
Insider, Wired, Fortune, WRAL TechWire, PCMag, The Guardian, TNW, Reuters, TechCircle, Fossbytes, and The Signal
| 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 … | 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, MobileSyrup, iMore, GamesIndustry.biz, Wall Street Journal, NME, TheGamer, Nintendo Life, Eurogamer.net, and Kotaku
Tweets: @gearoidreidy, @andyplaytonic, @toadsanime, @jenny_b_3, @randallbell, @quinnypig, and @stephentotilo
| New York Times: |
A profile of Do Kwon, the trash-talking founder of Terraform Labs, which raised $200M+ to build LUNA and UST; investors cashed out early, but traders lost big — 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
| 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.| Phillip Tracy / Gizmodo: |
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XDA Developers, TechSpot, Acer, Windows Central, Ars Technica, PCWorld, Engadget, KnowTechie, Engadget, TechRadar, and Digital Trends
| Sam Rutherford / Engadget: |
| 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: |
| Mary Jo Foley / ZDNet: |
In response to rivals' complaints, 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, Financial Times, The Register, and OnMSFT.com
Tweets: @bradsmi, @bradsmi, @getwired, @maryjofoley, @quinnypig, and @klyngec
| 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 … | 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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Protocol, Gizmodo, Wall Street Journal, Engadget, iThinkDifferent, AI News, The Mac Observer, Philip Elmer‑DeWitt, The Register, TechRadar, New York Post, The Verge, WRAL TechWire, Silicon Republic, Benzinga, TechCircle, Нов …, and MacRumors
Tweets: @markgurman, @applelaborers, @bob_burrough, @mkarolian, @lapcatsoftware, @wintermoat, @brianroemmele, and @chancehmiller
| Lauren Feiner / CNBC: |
NY AG will launch a probe into Twitch, Discord, 4chan, and 8chan, which officials say “may have been used to plan, promote, and stream” the Buffalo shooting — - New York Attorney General Letitia James will investigate social media companies in connection to the apparently …
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NY State Attorney General, Protocol, The Hill, Engadget, The i Paper, GameSpot, Kotaku, and Dot Esports
| Bloomberg: |
Four Democratic senators ask the FTC to investigate whether ID.me illegally misled consumers and government agencies about its use of facial recognition tech — A group of Democratic senators has asked the Federal Trade Commission to investigate whether identity verification company ID …
More:
Krebs on Security, CyberScoop, VICE, U.S. Senator Ron Wyden …, and Engadget
Tweets: @paulnovosad and @briankrebs
| Todd Spangler / Variety: |
Following years of complaints, TikTok announces its first crediting tools, letting creators link back to the videos of other creators and trend originators — TikTok is finally going to let users of the short-form app properly give credit where credit is due.
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TechCrunch, TikTok, Billboard, Protocol, Teen Vogue, Adweek, Mashable, and iMore
| Annie Palmer / CNBC: |
New York accuses Amazon of discriminating against pregnant workers and those with disabilities; the state seeks civil fines and an end to discriminatory conduct — - New York Gov. Kathy Hochul on Wednesday announced a state agency has filed a complaint against Amazon, alleging it discriminates …
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Governor Kathy Hochul, The Verge, The Hill, Barron's Online, New York Daily News, Politico, Shacknews, and Reuters
Tweets: @komonews and @sengianaris
| Kate Rooney / CNBC: |
At Block's first investor day since 2017, CEO Jack Dorsey doubled down on the company's bitcoin bet; Block's stock is down from its peak of $289.23 to ~$82.05 — - 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.
More:
The Daily Hodl and Creating Focus
| Jordan Novet / CNBC: |
Cisco misses with Q3 revenue of $12.8B vs. $13.34B expected, nearly flat YoY, and forecasts a YoY revenue decline in Q4 of between 1% and 5.5%; stock drops 15% — - Cisco missed on the top line in the quarter and issued a worse-than-expected revenue forecast for the current quarter.| Wall Street Journal: |
Google's Russian subsidiary plans to file for bankruptcy, saying it cannot pay employees, suppliers, and vendors after authorities seized its local bank account — Departure of employees comes as Russian subsidiary prepares to declare bankruptcy, effectively ending the company's commercial operations in the country
More:
Engadget, Reuters, Ars Technica, CRN, The Verge, PCMag, Telegraph, Android Police, The Hill, The Mac Observer, The Economic Times, and Slashdot
Tweets: @samschech and @trippmickle
| Emily Nicolle / Bloomberg: |
CoinGecko: after Tether briefly lost its dollar peg, leading to $8.5B+ in redemptions, Circle's USDC circulation rose by ~$3.4B and Binance USD gained $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:
Decrypt and Crypto Briefing
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