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May 26, 2022, 4:30 AM
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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” …
Source:
Federal Trade Commission. More:
U.S. Department of Justice, BleepingComputer, Twitter, Federal Trade Commission, NPR, Silicon Republic, The Record, SiliconANGLE, Engadget, Cybernews.com, Hollywood Reporter, CNN, The Economic Times, The Verge, SecurityWeek, Deadline, and Pixel Envy
Tweets: @profcarroll, @shouse34, @jimmypatronis, @ewa_jodlowska, @wbm312, @janschakowsky, @bashco_, @matthew_d_green, @can, @kilonova_gold, @b_fung, and @adam_k_levin
| 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, 9to5Mac, Patently Apple, Insider, Engadget, CNBC, TechCrunch, iPhone in Canada Blog, MacDailyNews, Philip Elmer‑DeWitt, iMore, MacRumors, AppleInsider, and iClarified
Tweets: @moreperfectus, @markgurman, @cherthedev, @collindonnell, @zoeschiffer, @ashleygjovik, @greenhousenyt, @gotbizintros, @alexspeidel, @somospostpc, @appleworkers, @applelaborers, @lordravenscraft, @creative_rants, @alex, @acoreunion, @ashleygjovik, @collindonnell, @markgurman, @bradbrovino, @gotbizintros, @apple_union, @apple_union, @infrophell, @fruitstoreninja, @laurenkgurley, @ranimolla, @ns0n, @ryanbealey, @zoeschiffer, @imajorwish, @code_cwa, @infrophell, @ashleygjovik, @creative_rants, @lisemlareau, @techwontsaveus, @mclendaniel, @newsynick, @code_cwa, @moreperfectus, @acoreunion, @applelaborers, @cscode_, @phausler, @ashleygjovik, @david_moscrop, @mjh_txt, and @greenhousenyt
| 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 …
More:
The Economic Times, MacRumors, AppleInsider, Philip Elmer‑DeWitt, Reuters, iClarified, and Bloomberg. Tweets: @timkhiggins
| 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 rises 5%+ — A new filing reveals that Elon Musk plans to front $33.5 billion in his bid to take over Twitter.
Source:
U.S. Securities …. More:
Bloomberg, BGR India, The Verge, Wall Street Journal, Associated Press, Crypto Briefing, TechCrunch, ZDNet, Law and Politics, Protocol, Benzinga, and TheStreet
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:
TechCrunch, PYMNTS.com, The Economic Times, Washington Post, Newser, MobileSyrup, SlashGear, Platformer, Social Media Today, iPhone in Canada Blog, The Hill, and Daily Mail
Tweets: @jackmurphylive, @davetroy, and @rustybrick
| 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, New York Times, PYMNTS.com, San Francisco Business Journal, Forbes, City A.M., New York Post, and Axios
Tweets: @hhariri and @kuruvillamaju
| Peter Grant / Wall Street Journal: |
Some hotels are looking to guarantee bookings revenue by partnering with startups like Pinktada that convert stays into NFTs to be bought and sold by guests — NFTs also are being used to raise capital to buy golf courses or land, giving token buyers a stake in the projects
More:
Bloomberg. Tweets: @maxwellstrachan, @nameshiv, @thekafkadude, @thelincoln, @eden_holdings, @blackamazon, @mylesudland, @xenollamas, and @sub8u
| 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.
More:
Windows Central and OnMSFT.com
Tweets: @hughlangley, @grahamstarr, @businessinsider, and @ethangach
| 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:
The Economic Times, CNET, Daily Mail, and Washington Post
Tweets: @vickerysec, @stealthqe4, @vickerysec, @zerohedge, @jason_kint, @buccocapital, @santiagoaufund, @doombergt, @vickerysec, and @darnelsugarfoo
| Liam Tung / ZDNet: |
A 51-page Senate committee report warns that the US government lacks comprehensive data on ransomware attacks and payments and suffers from fragmented reporting — The US government must clean up ransomware reporting and data collection if it wants to devise adequate policy responses.| Debby Wu / Bloomberg: |
Sources: Apple plans to keep iPhone production at ~220M, about the same as last year, compared to ~240M market forecasts, amid inflation and a tough market — Apple Inc. is planning to keep iPhone production roughly flat in 2022, a conservative stance as the year turns increasingly challenging for the smartphone industry.| 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.| Sam Nussey / Reuters: |
Sony says it plans to ramp up PlayStation 5 production and signals a radical broadening of its game portfolio, including more titles on PC and mobile — Sony Group Corp (6758.T) said it plans to ramp up production of its PlayStation 5 console as supply chain snarls ease and signalled …
More:
The Verge, Bloomberg, and Video Games Chronicle
| 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, Forbes, Benzinga, The Block, Axios, ZyCrypto, The Daily Hodl, CoinJournal, Cryptopolitan, VICE, Cointelegraph, SiliconANGLE, The Economic Times, Coinspeaker, TechCrunch, CoinGape, TechCrunch, CoinDesk, Bloomberg, and Protocol
Tweets: @ariannasimpson, @smc90, @0xfoobar, @cryptoethan, @rahulsood, @carrawu, @janehk, @phoenix_ash3s, @austin_federa, @telcoinpaul, @scottmelker, @andrewchen, @fintechfrank, @taigxrp, @ahcastor, @sytaylor, @faresben_eth, @nischalshetty, @jimpethokoukis, @iankar_, @kr00ney, @packym, @mdudas, @benedictevans, @silvermanjacob, @sarthakgh, @yoda, @silvermanjacob, @therealjpk, @cryptomanran, @ftx_access, @tsuvik, @joonian, and @ariannasimpson
| 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:
FinSMEs and VentureBeat
| 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 … Sponsor Posts
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