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May 25, 2022, 11:20 PM
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| Diane Bartz / Reuters: |
Twitter agrees to pay $150M to the FTC, settling allegations that it misrepresented the “security and privacy” of user data between May 2013 and September 2019 — Twitter Inc (TWTR.N) has settled with U.S. authorities over allegations it misrepresented the “security and privacy” …
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Federal Trade Commission, BleepingComputer, Federal Trade Commission, U.S. Department of Justice, Twitter, NPR, CNN, The Economic Times, Washington Post, Insider, The Hill, New York Times, Hollywood Reporter, TechCrunch, Deadline, The Verge, CNBC, and Variety
Tweets: @janschakowsky, @matthew_d_green, @profcarroll, @adam_k_levin, @ewa_jodlowska, @wbm312, @can, and @b_fung
| CNBC: |
Filing: Elon Musk plans to provide an additional $6.25B in equity financing for his Twitter buyout, boosting his commitment to $33.5B; Twitter's stock jumps 7%+ — A new filing reveals that Elon Musk plans to front $33.5 billion in his bid to take over Twitter.
More:
SEC.gov, Bloomberg, The Hill, ZDNet, Washington Post, TheStreet, Law and Politics, Protocol, TechCrunch, Reuters, Financial Times, Crypto Briefing, Wall Street Journal, The Guardian, and Benzinga
Tweets: @sherman4949, @saysdana, and @teddyschleifer
| Dan Primack / Axios: |
Jack Dorsey leaves Twitter's board of directors, effective today; Dorsey has discussed rolling over his 2.4% Twitter stake into Elon Musk's takeover deal — Jack Dorsey is leaving the board of Twitter, effective today. The move had been telegraphed last fall, when he stepped down as the social media company's CEO.
More:
MobileSyrup, Social Media Today, iMore, SlashGear, Daily Mail, 9to5Mac, Gizmodo, iPhone in Canada Blog, The Block, and Fortune
Tweets: @jackmurphylive, @davetroy, and @rustybrick
| CNBC: |
Twitter shareholders vote to remove Silver Lake co-CEO Egon Durban from the company's board; Durban is a long-time business associate and backer of Elon Musk — - A Twitter spokesperson told CNBC that Egon Durban “has tendered his resignation” from the board, but that the board has to decide whether to accept it.
More:
Bloomberg, Deadline, and Financial Times
| Lauren Kaori Gurley / VICE: |
Leaked video: Apple SVP of Retail + People Deirdre O'Brien tells employees that joining a union would make it harder for Apple to improve working conditions — In an internal video circulated among Apple's 58,000 retail employees, Apple's vice-president of retail suggested that a union …
More:
The Verge, Bloomberg, Bloomberg Law, Insider, 9to5Mac, Engadget, iPhone in Canada Blog, MacDailyNews, iMore, CNBC, MacRumors, TechCrunch, and AppleInsider
Tweets: @moreperfectus, @acoreunion, @creative_rants, @cscode_, @applelaborers, @acoreunion, @imajorwish, @code_cwa, @apple_union, @alexspeidel, @moreperfectus, @ryanbealey, @applelaborers, @zoeschiffer, @greenhousenyt, @acoreunion, @bradbrovino, @gotbizintros, @ashleygjovik, @ashleygjovik, @appleworkers, @fruitstoreninja, @creative_rants, @infrophell, @ashleygjovik, @markgurman, @greenhousenyt, @ashleygjovik, @infrophell, @phausler, @collindonnell, @collindonnell, @lordravenscraft, @apple_union, @laurenkgurley, @ns0n, @lisemlareau, @mclendaniel, @david_moscrop, @cherthedev, @zoeschiffer, @somospostpc, @alex, @markgurman, @ranimolla, @newsynick, @code_cwa, and @mjh_txt
| TechCrunch: |
Sources: one-click checkout service Bolt has laid off 100+ employees across go-to-market, sales, and recruiting roles amid slowing revenue and customer growth — One-click checkout startup Bolt has laid off at least 100 employees and counting across go-to-market, sales and recruiting roles, sources say.
Source:
Bolt. More:
Protocol, PYMNTS.com, Axios, New York Times, New York Post, Forbes, San Francisco Business Journal, City A.M., and Bloomberg. Tweets: @kuruvillamaju
| Lawrence Abrams / BleepingComputer: |
DuckDuckGo confirms a researcher's findings that its browser allows some Microsoft trackers on third-party sites, citing a Microsoft search content agreement — The privacy-focused DuckDuckGo browser purposely allows Microsoft trackers on third-party sites due to an agreement …
Source:
@thezedwards and @yegg. More:
9to5Mac, The Register, Android Police, SlashGear, PCMag, iPhone in Canada Blog, SiliconANGLE, HackRead, Нов …, TechRadar, The Mac Observer, Thurrott, gHacks Technology News, Beyond Search, and Tom Merritt Tech Newsletter
Tweets: @shivan_kaul, @thezedwards, @yegg, @yegg, @henkvaness, @samfbiddle, @rstephens, @thezedwards, @thezedwards, @henkvaness, @yegg, @yegg, @yegg, @stammy, @pixeldetracking, @richontech, @thezedwards, @thezedwards, @samfbiddle, @thezedwards, @j_opdenakker, @henkvaness, @yoda, @yegg, @sethforprivacy, @privacymatters, and @evacide
| Hannah Murphy / Financial Times: |
Andreessen Horowitz announces a $4.5B crypto fund, its fourth and largest so far, allocating about $1.5B for seed investments and $3B for venture investments — Venture capital group launches its largest fund to date focused on digital assets despite market downturn
Source:
a16z crypto. More:
CNBC, Decrypt, CoinDesk, Axios, Reuters, ZyCrypto, CoinJournal, Cryptopolitan, SiliconANGLE, The Daily Hodl, VICE, Cointelegraph, Coinspeaker, TechCrunch, CoinGape, San Francisco Business Journal, Finbold, CryptoSlate, Crowdfund Insider, TechCrunch, Crypto Daily, and Silicon Republic
Tweets: @ariannasimpson, @iankar_, @cryptoethan, @janehk, @therealjpk, @phoenix_ash3s, @ariannasimpson, @nischalshetty, @telcoinpaul, @joonian, @jimpethokoukis, @andrewchen, @ftx_access, @tsuvik, @faresben_eth, @fintechfrank, @taigxrp, @benedictevans, @smc90, @0xfoobar, @ahcastor, @sytaylor, @sarthakgh, @rahulsood, @silvermanjacob, @yoda, @austin_federa, @scottmelker, @cryptomanran, @mdudas, @kr00ney, @packym, and @silvermanjacob
| Nathan Ingraham / Engadget: |
Encrypted email service ProtonMail rebrands itself as Proton, and unifies its calendar, storage, and VPN products under Free, Mail Plus, and Unlimited plans — For the privacy-minded, ProtonMail has been one of the better options for secure email — you can get an (admittedly basic) …
More:
Proton, Wired, PCMag, 9to5Mac, Android Police, iPhone in Canada Blog, and TechSpot
Tweets: @sethforprivacy and @protonmail
| Issie Lapowsky / Protocol: |
Peter Thiel steps down from Meta's board, on which he secured a seat in 2005 after investing $500K; Meta announced in February 2022 that Thiel would be leaving — Peter Thiel has officially stepped down from Meta's board, a position he's held since Facebook was in its infancy.
More:
CNET and Daily Mail
Tweets: @santiagoaufund, @vickerysec, @vickerysec, @doombergt, @vickerysec, @stealthqe4, @zerohedge, @jason_kint, @buccocapital, and @darnelsugarfoo
| Kate Irwin / Decrypt: |
DeFi-focused startup Common raises $20M from Spark Capital, Polychain, Jump, Wintermute, and others for Commonwealth, its community management platform for DAOs — Common's investors include BitDAO, Spark Capital, and Jump. … Common's new funds will go toward the further development …
More:
VentureBeat
| Aisha Malik / TechCrunch: |
Google starts rolling out ads in YouTube Shorts globally and says advertisers will be able to make their video ads on Shorts more shoppable later in 2022 — Google is starting to gradually roll out ads in YouTube Shorts around the world, the company announced at its Marketing Live event this week.| Ashley Stewart / Insider: |
Interviews with former and current Microsoft employees suggest a widespread pattern of executive misconduct persists, years after Satya Nadella vowed to end it — The Microsoft executive walked into the small, windowless room in Studio C at about 8 o'clock that evening.| Mary Ann Azevedo / TechCrunch: |
Zip, whose cloud SaaS product lets businesses simplify their internal procurement process, raises a $43M Series B led by YC Continuity at a $1.2B valuation — The process to make any purchase within a business can be long and cumbersome, involving multiple departments and lots of back and forth.| Eric Rosenbaum / CNBC: |
Airspace, a logistics startup that uses AI to optimize time-critical deliveries globally, raises $70M led by DBL Partners, bringing its total funding to $138M — - Airspace, a logistics start-up that focuses on applying AI and machine learning to time-critical delivery … | Bloomberg: |
Sources: business travel and expense management service TripActions is in talks to raise funding at a ~$9B valuation; TripActions raised $275M in October 2021 — Startup TripActions is in talks for new round of funding at a higher valuation, signaling investors remain interested … | Tim Higgins / Wall Street Journal: |
Apple to raise pay for US hourly workers to $22/hour, a 45% rise from 2018, amid inflation and unionization push; starting salaries in US also expected to rise — The iPhone maker faces store unionization attempts, higher inflation — Apple Inc. AAPL .11%▲ is boosting pay … | Gabrielle Coppola / Bloomberg: |
Luminar hires CJ Moore, a manager on Apple's car project who joined in August 2021 from Tesla where he was an Autopilot director, to lead software development — Luminar Technologies Inc. said it hired CJ Moore, a manager on Apple Inc.'s car project and a former director for Autopilot projects …
More:
Luminar, The Verge, 9to5Mac, Investing.com, iPhone in Canada Blog, Jalopnik, Ars Technica, MacRumors, Redmond Pie, iMore, and AppleInsider
Tweets: @markgurman, @wholemarsblog, @wholemarsblog, @marioguzman, @markgurman, @tailosivetech, @jotrader4, and @sawyermerritt
| Sarah Emerson / BuzzFeed News: |
After actor and producer Seth Green lost four NFTs to a phishing scam, his show based on his stolen Bored Ape NFT is in doubt; OpenSea says it froze the NFTs — Actor and producer Seth Green was robbed of several NFTs this month after succumbing to a phishing scam that inadvertently threw …
More:
Benzinga, PYMNTS.com, Medallion XLN's Newsletter, BivNFT ⚓, Bloomberg, Krypto Oppsummering, Politico, and TheGamer
Tweets: @morebuttertv, @sethgreen, @sethgreen, @neerajka, @sarahnemerson, @foldablehuman, @pixelatedboat, @foldablehuman, @prestonjbyrne, @jeff__benjamin, @thedextriarchy, @reckless, @sethgreen, @nydoorman, @chhopsky, @samfbiddle, @foldablehuman, @foldablehuman, @matt_levine, @anthony, @rjcc, @dyllyp, @matt_levine, @mmasnick, @pt, @alexhern, @dcwoodruff, @brndnstrssng, @evanmcmurry, @jaredlholt, @oomfmagazine, @dril, and @paperghost
| Chad Bray / South China Morning Post: |
The UK orders a security review of chipmaker Newport Wafer Fab's sale to Nexperia, the Dutch subsidiary of China's Wingtech, after reportedly not intervening — Assessment of US$79 million acquisition of Britain's biggest semiconductor maker comes under new powers conferred by National Security …
More:
Financial Times
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Tweets: @dangoodin001, @_berthandsome, @d_vuln, @darrenpauli, @reuvenim, @arstechnica, @gtroberts, and @marshacollier