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May 6, 2022, 3:40 AM
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| Dan Primack / Axios: |
Filing: Elon Musk raises $7.14B for his Twitter bid from Saudi Prince Alwaleed, Larry Ellison, Sequoia, VyCapital, Binance, a16z, and others; Ellison gives $1B — Elon Musk on Thursday disclosed a group of co-investors in his Twitter takeover. The names are impressive, but most of their check sizes aren't.
Source:
SEC.gov. More:
BuzzFeed News, Wall Street Journal, New York Times, VICE, SiliconANGLE, Bloomberg, The Hollywood Reporter, Forbes, UPI, Financial Times, Axios, Reuters, The Information, CryptoSlate, The Mac Observer, Bitcoin News, DealStreetAsia, Junghoon's Direct Media …, New York Times, TechCrunch, Bloomberg, BBC, CNN, Ars Technica, PYMNTS.com, CNBC, San Francisco Business Journal, Channel Futures, Bloomberg, iMore, and Crunchbase News
Tweets: @alwaleed_talal, @bhorowitz, @bhorowitz, @markdistef, @markdistef, @rmac18, @mikeisaac, @bhorowitz, @cz_binance, @bigblackjacobin, @kurtwagner8, @danprimack, @jack, @seldo, @maggienyt, @arashmassoudi, @bhorowitz, @binance, @katie_roof, @mmasnick, @benwerd, @ryangrim, @taylorlorenz, @eringriffith, @mcnees, @loganbartlett, @alexstamos, @danprimack, @sarahfrier, @danprimack, @pt, @ryan_browne_, @maxkennerly, @mmasnick, @gartenberg, @teresa_longwell, @rmac18, @noupside, @teroterotero, @kantrowitz, @mattbc, @carnage4life, @benedictevans, @tonyfratto, @mehdirhasan, @anildash, @rschooley, @tomaxwell, @mattturck, @alex, @alexstamos, @moorehn, @karlbode, @carnage4life, @silvermanjacob, @coloradotravis, @shaig, @vladsavov, @patrickw, @ericjackson, @thedomino, @jsphctrl, @macaesbruno, @pekingmike, @nkulw, @loudmouthjulia, @loudmouthjulia, @dearsarah, @muradahmed, @peter_tl, @sridinats, @danprimack, @firstadopter, @ivanthek, and @danprimack
| Annie Palmer / CNBC: |
Sources: Elon Musk is expected to serve as the temporary CEO of Twitter for a few months after he completes his $44B takeover of the company — - Elon Musk is expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media company, according to CNBC's David Faber.
More:
The Verge, Bloomberg, Reuters, The Economic Times, Benzinga, The Register, Deadline, Social Media Today, Android Headlines, The Information, New York Post, crypto.news, Bitcoinist.com, Android Central, Financial Times, and Mashable India business
Tweets: @teroterotero, @drjengunter, @carnage4life, @lorakolodny, @dcherring, @sjvn, @mattgoldich, @adetolaov, @ebdawn_, @teroterotero, @sivavaid, @sam_l_shead, @mattrosoff, @alexhern, and @jyarow
| New York Times: |
More:
Input, Social Media Today, Insider, and Forbes
Tweets: @tiffkhsu, @kateconger, @slpng_giants, @intelwire, @bmorrissey, @digitalshields, and @ggreenwald
| Edwin Chan / Bloomberg: |
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Reuters, CNBC, Financial Times, Android Headlines, Gizmodo, and New York Post
Tweets: @petermccormack, @omartamo19, @parkermolloy, @sociogeeks_, @jonrussell, @samcarvalho, @danprimack, @compound248, and @garyblack00
| Wall Street Journal: |
Whistleblowers: Meta deliberately took down Pages for hospitals and other Australian institutions in 2021 as a negotiating tactic over the news bargaining law — When Facebook blocked news pages last year to pre-empt Australian legislation that would force it to pay for content …
More:
The Guardian, CNBC, The Register, The Overspill, SiliconANGLE, The Age, The Terminal, and CNET
Tweets: @andymstone, @jasonpjason, @aaschapiro, @bethblackshire, @stalruth, @jason_kint, @donie, @anthony, @jason_kint, @asymco, @wbaidlaw, @anildash, @jason_kint, @jason_kint, @drewpusateri, @jesselehrich, @reaganbrad, @jason_kint, @manjusrii, @donie, @lauraedelson2, @anthony, @jason_kint, @jason_kint, @jason_kint, @jason_kint, @jeffhorwitz, @juliapowles, and @jeffhorwitz
| Ian Sherr / CNET: |
Microsoft partners with Epic to offer Fortnite for free through Xbox Cloud Gaming, with or without a subscription, across Android, iOS, iPadOS, and Windows PCs — The tech giant is experimenting with offering free-to-play games through its streaming service.
More:
Xbox Wire, YouTube, MacRumors, Protocol, Fossbytes, TechRadar, BGR India, The Verge, Gizmodo, iPhone in Canada Blog, TechEBlog, iDownloadBlog.com, iMore, AppleInsider, 9to5Mac, OnMSFT.com, BigTechWire, and Engadget
Tweets: @timsweeneyepic, @xbox, @tomwarren, @satyanadella, @starfire2258, @jamescz19, @dankvr, @tomwarren, @zacbowden, @tomwarren, @udiwertheimer, @avoblackfyre, @bdsams, @firt, @timsweeneyepic, @slightlylate, @wario64, @pathedger18, @bdsams, and @slightlylate. Thanks:@iansherr
| Michael Bellusci / CoinDesk: |
Block reports Q1 revenue down 22% YoY to $3.96B, vs. $4.1B est., profit up 34% YoY to $1.29B, and Cash App bitcoin revenue down 51% YoY to $1.73B; stock up 5%+ — Fintech and digital payments giant Block Inc. (SQ) reported first-quarter earnings that missed analyst expectations on Thursday … | Aislinn Keely / The Block: |
The CFTC orders BitMEX's three cofounders to pay $10M each for not registering with the agency, and failing to implement anti-money laundering and KYC checks — The Commodity Futures Trading Commission (CFTC) has hit the founders of crypto exchange BitMEX with a total of $30 million in civil monetary penalties.
More:
Bloomberg, CFTC, Cryptonews, Cointelegraph, CryptoSlate, Crowdfund Insider, and Decrypt
| Ian Sherr / CNET: |
Apple, Google, and Microsoft plan to offer the FIDO Alliance's passwordless tech on websites and apps, using fingerprint readers, face scanners, and smartphones — What's happening — Why it matters — What it means for you — If Apple, Google and Microsoft have their way …
More:
FIDO Alliance, Apple, The Keyword, The Verge, Microsoft Tech Community, Microsoft Security Blog, Dark Reading, BleepingComputer, AppleInsider, CANNONBALL, Philip Elmer‑DeWitt, CIO.com, Android Headlines, Daring Fireball, TechSpot, Gizmodo, TechCrunch, iPhone Hacks, PCWorld, HotHardware.com News, and MacStories
Tweets: @cisajen, @mrisher, @k8em0, @can, @emilykager, @thorsheim, @azuread, @troyhunt, @johnwilander, @rmondello, @argvee, @reneritchie, @blowdart, and @robleathern
| MK Manoylov / The Block: |
Untamed Planet, which uses Roblox to create nature-themed games incorporating NFTs, raises a $24.3M Series A led by Animoca Brands — Untamed Planet, a blockchain-based gaming startup, raised $24.3 million in a Series A funding round led by Animoca Brands.| Jordan Novet / CNBC: |
Amazon stock closes down ~8%, Meta ~7%, Apple ~6%, Alphabet ~5%, and Microsoft ~4% as a Big Tech selloff pushes the Nasdaq to its steepest drop since June 2020 — - Cloud and e-commerce stocks were among the biggest losers on Thursday on disappointing earnings reports and after the U.S. central bank raised interest rates.
More:
Bloomberg, Financial Times, The Motley Fool, Crain's New York Business, Deadline, StockNews.com, Variety, Fox Business, Insider, and TheStreet
Tweets: @rustybrick, @pkedrosky, and @kritiguptanews
| Jeff John Roberts / Decrypt: |
Zora, which offers an open-source NFT marketplace protocol, raises a $50M seed at a $600M valuation led by Haun Ventures, Katie Haun's new crypto fund — In December, the high-flying crypto investor Katie Haun roiled the crypto world by announcing she was leaving Andreessen Horowitz to launch her own $1.5 billion venture fund.
More:
CoinDesk, NFT Evening, The Block, TechCrunch, Protocol, and VentureBeat. Thanks:@jeffjohnroberts
| Jackie Davalos / Bloomberg: |
DoorDash reports Q1 revenue up 35% YoY to $1.46B, vs. $1.38B est., 404M orders, up 23% YoY, gross order value up 25% to $12.4B, vs. $11.7B est.; stock up 5%+ — DoorDash Inc. reported revenue that beat analysts' estimates, a sign that customers' craving for the convenience of ordering online …
More:
DoorDash, CNBC, Mercury News, Wall Street Journal, FreightWaves, Reuters, MarketWatch, Benzinga, and Associated Press
| Natasha Mascarenhas / TechCrunch: |
Sources: On Deck, which connects founders with capital and advice, laid off 25% of its staff, or ~72 people, after raising ~$40M of a planned $100M-$150M fund — On Deck, a tech company that connects founders to each other, capital and advice, has laid off 25% off its staff, per sources familiar with the company.
Tweets: @nmasc_, @eriktorenberg, @bizcarson, @nmasc_, @carnage4life, and @sarthakgh
| Bloomberg: |
Latin American e-commerce site MercadoLibre reports Q1 revenue up 63% YoY to $2.2B, vs. $2B est., and gross merchandise volume up 27% YoY to $7.7B; stock up 8%+ — MONTEVIDEO, Uruguay, May 5 th , 2022 (GLOBE NEWSWIRE) — MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com) …
More:
MercadoLibre, Inc. and Reuters
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