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May 27, 2022, 1:35 AM
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| Politico: |
Sources: a bipartisan bill that would ban Big Tech companies from favoring their products faces resistance from some Senate Democrats worried about the midterms — A bipartisan legislative effort to rein in the nation's largest tech companies is facing fresh resistance from a faction …
More:
klobuchar.senate.gov, MacDailyNews, Taxpayers Protection Alliance, 9to5Mac, HART Research Associates, Crowdfund Insider, PCMag, MacRumors, and AppleInsider
Tweets: @adamkovac, @protectaxpayers, @actonline, @lutherlowe, @lutherlowe, @karlbode, @timsweeneyepic, @birnbaum_e, @zacharyleelee, @fightfortheftr, @sachalouise, @timsweeneyepic, @evan_greer, @neil_chilson, @tomhebertdc, @timsweeneyepic, @pathedger18, @timsweeneyepic, @timsweeneyepic, @lamiasdottir, @netchoice, @progresschamber, @matthewstoller, @demandprogress, @adamcancryn, @adamkovac, @sachalouise, @adamcancryn, @matthewstoller, @adamkovac, @fightfortheftr, @jowens510, @senatorshoshana, @tomhebertdc, @evan_greer, @reckless, @mpetricone, @timsweeneyepic, @matthewstoller, @johndavisson, @adamcancryn, @halsinger, @timsweeneyepic, @sachalouise, @chrisj_lewis, @evan_greer, @rsi, and @nealkwatra
| The Markup: |
An investigation finds Apple, Meta, Amazon, Google, and Microsoft have launched a coordinated campaign in 31 states against data privacy legislation since 2021 — Coordinated industry lobbying is overwhelming the scattered efforts of consumer groups and privacy-minded lawmakers
More:
Tom Kemp's Blog, 9to5Mac, and The Mac Observer
| Lora Kolodny / CNBC: |
A Twitter shareholder sues Elon Musk and Twitter over the handling of the acquisition, saying Musk engaged “in conduct designed to create doubt about the deal” — - Since Musk's acquisition bid, Twitter's share price has dropped more than 12%, and Tesla's is down about 28% as part of a broad sell-off in tech stocks.
More:
The Guardian, International Business Times, The Verge, Reuters, Ars Technica, Insider, BGR India, Bloomberg, TechCrunch, Engadget, iPhone in Canada Blog, Crunchbase News, Associated Press, Newser, and Deadline
Tweets: @vasabjit_b, @cbouzy, @fuzzywuzzyto, and @maddenifico
| Jez Corden / Windows Central: |
Microsoft confirms it is developing an HDMI device codenamed Keystone, that connects to any TV or monitor, and offers Xbox game streaming — The key to the cloud. — For a few years, rumors have persisted that Microsoft was exploring building some form of streaming stick …
More:
iDownloadBlog.com, 9to5Mac, Thurrott, XDA Developers, Game Rant, MUO, Neowin, MobileSyrup, Tom's Guide, Laptop Mag, IGN, TechSpot, GameRevolution, Game Developer, Android Authority, Digital Trends, The Verge, iClarified, Windows Blog, and Slashdot
Tweets: @pms_jordan, @tomwarren, and @jezcorden
| Yogita Khatri / The Block: |
Tether enters Latin America by launching the MXNT stablecoin, pegged to the Mexican peso, initially available on the Ethereum, Tron, and Polygon blockchains — Quick Take — Tether has launched a new stablecoin pegged 1:1 to the Mexican peso. — It will be initially available on Ethereum, Tron and Polygon.| Benjamin Mullin / New York Times: |
Sources: Substack dropped efforts to raise money, after talks to raise $75M-$100M at a $750M-$1B valuation, during which the company said 2021 revenue was ~$9M — Amid an industrywide downturn, venture investors are preaching austerity and halting new deals, particularly for companies that have spent aggressively on growth.
More:
TechCrunch. Tweets: @benmullin, @joy, @riddle245, @film_girl, @pt, @kateclarktweets, @longshorttrader, @gaberivera, @tysonbrody, @chaykak, @tomaxwell, @caleweissman, @fmanjoo, @carnage4life, @barbariancap, @pkafka, @jackmarshall, and @suldrew
| Drew Harwell / Washington Post: |
Human Rights Watch finds 89% of 164 remote learning apps and sites used during the pandemic in 49 countries shared student data with marketers and data brokers — The educational tools used by students during the pandemic shared their information with advertisers and data brokers that could track …
Source:
Human Rights Watch and Human Rights Watch. More:
ZDNet, Protocol, ABC, Globe and Mail, Washington Post, Miami Herald, CBC News, Media@LSE, Education Technology, Human Rights Watch, Gizmodo, iTnews, Engadget, WRAL TechWire, 9to5Mac, and Human Rights Watch
Tweets: @themarkup, @astroehlein, @hrw, @samermuscati, @thenewoil1, @anumayhem, @catbailey, @hrw, @mindingprivacy, @walterkirn, @hrw, @wadhwa, and @aaschapiro
| Dina Bass / Bloomberg: |
Microsoft plans to slow hiring in Windows, Office, and Teams groups, citing a need to realign staffing priorities; EVP Rajesh Jha must approve all new hires — Microsoft Corp. will slow hiring in its Windows, Office and Teams chat and conferencing software groups, citing a need …
More:
Protocol, CNBC, Computerworld, Seattle Business Journal, Wall Street Journal, GeekWire, Thurrott, Windows Central, OnMSFT.com, and Slashdot. Tweets: @dinabass
| Chavi Mehta / Reuters: |
Broadcom offers to acquire VMware for ~$61B in cash and stock, paying $142.50 per share, a nearly 49% premium, and will assume VMware's $8B in net debt — May 26 (Reuters) - Broadcom Inc (AVGO.O) said on Thursday it will buy cloud service provider VMware Inc (VMW.N) in a $61 billion cash …
Source:
PR Newswire. More:
CNBC, Wall Street Journal, The Verge, The Register, Associated Press, New York Times, Silicon Republic, Bloomberg, VentureBeat, TechCrunch, Bank Automation News, Axios, TechSpot, HotHardware.com News, Financial Times, Ars Technica, RCR Wireless News, Telecoms.com, PCMag, ComputerWeekly.com, iClarified, AppleInsider, San Francisco Business Journal, BetaNews, Network World, Protocol, Protocol, Financial Times, Bloomberg, Barron's Online, Phoronix, CNET, and Help Net Security
Tweets: @ctoadvisor, @film_girl, @jordannovet, @kristinaparts, @film_girl, @jonerlichman, @arekfurt, @ctoadvisor, @dillten, and @geoffblaber
| Kyle Alspach / Protocol: |
Cloud security startup Lacework, which employed 1,000+ in March 2022, lays off 20% of its workforce; Lacework has raised $1.85B including $1.3B in November 2021 — A well-funded startup in the cybersecurity industry, Lacework, has become the latest tech firm to disclose a major round …
More:
Lacework, SecurityWeek, iTech Post, CRN, SiliconANGLE, Silicon Valley Business …, Beyond Search, govinfosecurity.com, Dark Reading, and Channel Futures
Tweets: @gergelyorosz, @ashwinv800, @narmacnetworth, @sweis, @coffeecraftcode, @endingwithali, @kylealspach, @petecheslock, @sawaba, and @riddle245
| Michael Tobin / Bloomberg: |
Instacart plans to slow hiring as it prepares for its IPO, after hiring over 1,500 staff in 2021; Instacart cut its valuation by 40% to $24B in March 2022 — Grocery delivery startup Instacart Inc. is planning to slow the pace of hiring as it prepares for an initial public offering, focusing instead on profitability.
More:
New York Post
| Dan Primack / Axios: |
Bolt Financial laid off 185 employees, or about one-third of its workforce; some have to repay loans they took from the company for vested shares within 90 days — One-click checkout company Bolt Financial yesterday laid off 185 employees, or approximately one-third of its workforce …
More:
Bolt, Fortune, Protocol, Crunchbase News, New York Times, Market Intelligence, The Economic Times, Tech in Asia, PYMNTS.com, Forbes, New York Post, San Francisco Business Journal, City A.M., Axios, and TechCrunch
Tweets: @courtenay_brown, @yoda, @emilyrpeck, @tomaxwell, @matteing, @theryanford, @lizette_chapman, @danprimack, @hhariri, and @kuruvillamaju
| Ingrid Lunden / TechCrunch: |
Poland-based Nomagic, which makes pick-and-place warehouse robots, raises a $22M Series A led by Khosla Ventures, Almaz Capital, and European Investment Bank — Robotics are playing a growing role in the world of e-commerce logistics and fulfillment — where they are seen not just as a way to speed …
More:
The Robot Report and Tech.eu
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