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May 27, 2022, 12:45 PM
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| Nivedita Balu / Reuters: |
Filing: Twitter rejects Elon Musk ally Egon Durban's resignation from the board, two days after shareholders blocked his re-election at an annual meeting — Twitter Inc (TWTR.N) said in a filing on Friday it would not accept Egon Durban's resignation from the board, after shareholders blocked … | 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.
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| Kate Conger / New York Times: |
In an April 4 letter to Elon Musk, SEC says it is probing his purchases of Twitter stock and disclosures in March, and whether he was truly a “passive” investor — The regulator questioned whether the Tesla chief executive had disclosed his stake at the right time.| Rest of World: |
People from countries like Argentina, Venezuela, and Nigeria invested in Terra as they saw it as more stable than local currency, but lost thousands in savings — “I have nothing left, not even a penny.” — Valeria makes around $300 a month selling prepared food from her home in Buenos Aires.
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| 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 …
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| Kashmir Hill / New York Times: |
Facial recognition service PimEyes draws scrutiny for charging high fees to help remove users' photos from sites and allowing searches for other people's faces — PimEyes is a paid service that finds photos of a person from across the internet, including some the person may not want exposed.
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| Paul Sawers / VentureBeat: |
Manta, which offers a date lineage service for companies to understand and visualize the flow of information, raises a $35M Series B led by Forestay Capital — Manta, a date lineage platform that helps enterprises understand and visualize the flow of information through the organization … | 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.| Amy Lewin / Sifted: |
Report: only 15% of GPs at European VC firms are women, managing just 9% of total assets; in the UK, 13% of GPs are women, managing 5% of total assets — Across Europe as a whole, 85% of VC GPs are men. — In worse than the average in the UK, where 87% of GPs are men.| Washington Post: |
Young gunmen are using private and disappearing messages in apps like Snapchat, Instagram, Discord, and Yubo to share violent plans, evading content moderation — Private messaging apps are harder to scan for warning signs of potential violence, experts say| Agne Cimermanaite / Metaverse Post: |
Jadu, which is developing an AR game built around virtual objects owned by players in a metaverse, raises $36M led by Bain Capital Crypto — Jadu Mirrorverse — an AR game built around virtual objects owned by the players — just raised $36M to help create the Web3 “definitive AR & gaming platform …
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Jadu
| 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
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VICE, Beyond Search, Tom Kemp's Blog, 9to5Mac, and The Mac Observer
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