Techmeme
May 5, 2022, 9:40 AM

Top News

Financial Times:
Filing: Elon Musk secures $7.14B for his Twitter bid from Larry Ellison, Binance, Sequoia, a16z, Saudi Prince Alwaleed, Fidelity, and others; Ellison gives $1B  —  Tesla chief raises $7bn from new investors for takeover of social media platform  —  Elon Musk has revealed that he has raised $7.14bn …
Edwin Chan / Bloomberg:
Filing: Elon Musk's new $7.14B in equity financing for Twitter, which includes investment from Qatar, reduces the margin loan from $12.5B to $6.25B  —  Elon Musk has secured about $7.1 billion of new financing commitments for his proposed $44 billion takeover of Twitter Inc., the company said in a filing Thursday.
Ian Sherr / CNET:
Apple, Google, and Microsoft announce plans to adopt features from the FIDO Alliance, which is working on passwordless tech for websites and apps  —  Ian Sherr  —  Ian Sherr (he/him/his) grew up in the San Francisco Bay Area, so he's always had a connection to the tech world.
Richard Lawler / The Verge:
Nicole Sganga / CBS News:
Cybereason: China-linked Winnti APT exfiltrated hundreds of GBs of IP in a cyber campaign targeting ~30 companies in North America, Europe, and Asia since 2019  —  A yearslong malicious cyber operation spearheaded by the notorious Chinese state actor, APT 41, has siphoned off an estimated trillions …
Casey Newton / Platformer:
At Wednesday's Senate hearing, CrowdTangle's Brandon Silverman and other researchers explained why the US needs laws requiring Big Tech companies to share data  —  Everyone wants answers about social networks.  These experts know where to look  —  On Wednesday, Congress was treated …
Jordan Novet / CNBC:
Meta plans to slow hiring amid record low revenue growth; source: Meta paused entry-level hiring and plans to stop or slow hiring for mid-level and senior roles  —  - Facebook's parent company sees challenges ahead because of Apple's privacy changes, the war in Ukraine and broad macroeconomic shifts.
Chris Welch / The Verge:
Sources: Sonos plans to launch a voice assistant for playing music in the US on June 1 that supports Apple Music, Amazon Music, Pandora, Deezer, and Sonos Radio  —  Sonos will roll out its most important service yet on June 1st  —  Sonos is preparing to introduce its own voice assistant service within …
Luke Taylor / Rest of World:
Survey of 1,800 households in El Salvador shows 61% have abandoned the Chivo bitcoin wallet after withdrawing a free $30 sign-up bonus  —  Those who stayed are not on the Chivo app for what was intended, using it to keep their dollars safe rather than for crypto.  —  • BOGOTÁ, COLOMBIA
Janko Roettgers / Protocol:
Cameo lays off 87 staff; source says CTO Rob Post, marketing exec Emily Boschwitz, CPO Nundu Janakiram, and Chief People Officer Melanie Steinbach have gone  —  Cameo, the celebrity video greetings startup, laid off 87 of staffers Wednesday, a move that CEO Steven Galanis described as “right-sizing.”
Sergiu Gatlan / BleepingComputer:
IC3 says there were 241K+ reports of business email compromise scams globally from June 2016 to July 2019, totaling $43B+ in actual and attempted losses  —  The Federal Bureau of Investigation (FBI) said today that the amount of money lost to business email compromise (BEC) …
Sarah Perez / TechCrunch:
Joe Warminsky / The Record:
The White House instructs federal agencies to increase preparations in the next six months for quantum computers capable of breaking public-key cryptography  —  A memorandum issued Wednesday by President Joe Biden orders federal agencies to ramp up preparations for a day when quantum computers …
Stephen Totilo / Axios:
NYC employees' pension funds sue Activision Blizzard, alleging CEO Bobby Kotick rushed the Microsoft deal to escape liability for misconduct at his company  —  Activision CEO Bobby Kotick rushed to secure a takeover bid from Microsoft in order to escape liability for misconduct at the company …
Adi Robertson / The Verge:
Twitter's open source Bluesky unit releases early code for a decentralized social network protocol, dubbed Authenticated Data Experiment, for developers to test  —  It's called the Authenticated Data Experiment  —  Bluesky, Twitter's open-source offshoot, has released early code for a decentralized social network protocol.
Anna Gross / Financial Times:
Ukrainian officials say Russia has taken over internet infrastructure in the Donbas region, rerouting traffic to Russia-controlled operators  —  Rerouting traffic to Russia-controlled regions makes Ukrainians' data vulnerable to interception and censorship by the Kremlin
Ingrid Lunden / TechCrunch:
Stripe launches Financial Connections to let its customers pull their users' banking data directly, debuting first in the US for $0.10 to $1.50 per API call  —  Stripe, the payments behemoth valued at $95 billion a year ago and now reportedly inching closer to an IPO, today announced …
Benjamin Pimentel / Protocol:

Sponsor Posts

Airtable:
Meet Airtable ProductCentral  —  The unified solution for managing your entire product development process in the AI era.
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.
Zoho:
Zoho Forms for successful Black Friday sales  —  Black Friday is a retail frenzy that can significantly impact your bottom line.  To make the most of this shopping bonanza, you need a strategy that not only attracts customers …
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Ride Home:
Mon. 11/04 - Apple Buying And Investing In Things
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 9:40 AM ET, May 5, 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

Maxwell Strachan / VICE:

Earlier Picks

Tomio Geron / Protocol:
Greg Iacurci / CNBC:
Sarah Perez / TechCrunch:
Kyle Alspach / Protocol: