Techmeme
April 4, 2022, 6:25 PM

Top News

Bloomberg:
Filing: Elon Musk acquires a 9.2% passive stake in Twitter, worth ~$2.89B at Friday's market close, becoming its largest shareholder; Twitter shares rise 27.2%  —  Elon Musk has taken a 9.2% passive stake in Twitter, according to a 13G filing, Bloomberg News reports.  Twitter rose about 26% in pre-market trading.
Reuters:
Sources: Truth Social CTO Josh Adams and product chief Billy Boozer have quit, following the troubled launch of the Trump-backed social network on iOS  —  The two Southern tech entrepreneurs had the two qualities that Donald Trump's Truth Social startup needed: tech-industry expertise …
Lily Russell-Jones / City A.M.:
UK Chancellor Rishi Sunak asks the Royal Mint to issue an NFT by the summer, as the Treasury plans a “forward-looking approach” towards crypto assets  —  The Treasury has announced plans to dive into the crypto space with the launch of an official NFT later this year.
Sidhartha Shukla / Bloomberg:
Sky Mavis: Axie Infinity DAUs had fallen 45% from a November peak to 1.48M for the week ending March 28, a day before Ronin's ~$600M crypto hack was announced  —  The popular play-to-earn Axie Infinity game had been losing users even before the record cryptocurrency hack disclosed …
Lawrence Abrams / BleepingComputer:
Mailchimp discloses a breach where hackers accessed 319 accounts and stole “audience data” from 102 clients; phishing scams of crypto users quickly followed  —  Email marketing firm MailChimp disclosed on Sunday that they had been hit by hackers who gained access to internal customer support …
Aaron Schaffer / Washington Post:
The US State Department announces the Bureau of Cyberspace and Digital Policy, starting with 60+ staff and plans to add 30 more in 2022  —  Nearly 100 people will staff a new cyber bureau at the State Department  —  Today, the State Department is launching its long-awaited cyberspace and digital policy bureau.
Andrew Webster / The Verge:
Fortnite raises $144M for Ukraine relief, two weeks after Epic Games said all of its and Microsoft's proceeds from the game would go to humanitarian efforts  —  The fundraising effort has ended after two weeks  —  In two weeks, Fortnite has raised a total of $144 million for Ukraine relief efforts.
Emily Baker-White / BuzzFeed News:
Former ByteDance employees say the company scraped Instagram, Snap, and others to make fake accounts on TikTok predecessor Flipagram, later renamed Vigo Video  —  In 2017, TikTok's parent company, ByteDance, scraped short-form videos, user names, profile pictures, and profile descriptions from Instagram …
Steve Dent / Engadget:
Alphabet's Wing division plans to begin drone delivery services in the Dallas-Fort Worth area on April 7, starting with Walgreens' health and wellness products  —  Alphabet's Wing division has announced that it's launching a drone delivery service in the Dallas-Fort Worth (DFW) metroplex on April 7th.
Asa Fitch / Wall Street Journal:
AMD plans to acquire data center-focused networking chip maker Pensando Systems for $1.9B; the deal is expected to close in Q2 2022  —  Acquisition would bolster AMD's offerings for the fast-growing data-center market  —  Advanced Micro Devices Inc. plans to buy chip and software startup …
Wall Street Journal:
How Brad Smith helps Microsoft avoid government scrutiny by being amicable with regulators while directing negative attention at the company's Big Tech rivals  —  President Brad Smith has taken an amicable role with regulators.  Rivals say he also directs negative attention toward them.

Sponsor Posts

Meta:
Open Source AI: Available to all, not just the few  —  Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Zoho:
The crossroads of AI and SaaS  —  Enabling businesses of all sizes to build products in-house and disqualifying SaaS tools that are not AI-powered.  In a span of just two years, AI has made a name for itself as the key driver for innovation.
Genesys:
Executive Insights: The Era of Contact Center AI Copilots  —  How AI copilots are transforming customer experience and agent performance.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Techmeme Ride Home:
Fri. 12/20 - Gemini Flash Thinking
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:25 PM ET, April 4, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks