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May 13, 2022, 3:40 PM
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| Nivedita Balu / Reuters: |
Elon Musk says his Twitter deal is “temporarily on hold” pending a review of “spam/fake accounts”, but he is “still committed to acquisition”; stock drops 5%+ — Elon Musk said on Friday his $44-billion deal for Twitter Inc (TWTR.N) was temporarily on hold …
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@elonmusk and @elonmusk. More:
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| Matt Levine / Bloomberg: |
By tweeting that the deal is on “hold”, Musk is yet again committing “lite securities fraud” while laying the groundwork to walk away or renegotiate the price — Programming note: Money Stuff was supposed to be off today, but then my boss, Elon Musk, called me in to work anyway.| Bloomberg: |
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| Sunil Jagtiani / Bloomberg: |
Terraform Labs halts Terra block production for the second time in 24 hours “to come up with a plan to reconstitute” the network, after UST and LUNA collapsed — The blockchain behind the collapsed TerraUSD stablecoin and the affiliated Luna token stopped processing new transactions for the second time in less than a day.
Source:
@terra_money. More:
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| Matt Levine / Bloomberg: |
If crypto continues to integrate into the real economy, cryptocurrency sell-offs could impact ordinary people, especially if there are runs on stablecoins — Programming note: Money Stuff will be off tomorrow, back on Monday. — Crypto — In 2008 the prices of some structured credit products built … | Joanna Ossinger / Bloomberg: |
| Mark Gurman / Bloomberg: |
Sources: Apple is testing iPhones with a USB-C port, and adapters for Lightning accessories, for 2023 at the earliest, to help it conform with looming EU rules — Apple Inc. is testing future iPhone models that replace the current Lightning charging port with the more prevalent USB-C connector …
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Tweets: @geoffreyfowler, @markgurman, @bradstone, @rsgnl, @parkerortolani, and @darylbaxter
| Jane Lanhee Lee / Reuters: |
Arm reports record 2021 revenue, up 35% YoY to $2.7B, due to licensing up 61% YoY to $1.13B and royalties up 20% YoY to $1.54B; 29.2B ARM chips shipped in 2021 — SoftBank Group Corp's(9984.T) chip technology firm Arm Ltd on Thursday reported record revenue for 2021, and Chief Executive …
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Arm, The Register, Thurrott, Apple Must, Silicon Valley Business …, Semiconductor Engineering, and ZDNet
Tweets: @bobodtech, @patrickmoorhead, and @benbajarin
| David Ingram / NBC News: |
Some local officials forced US schools and libraries to shut down or limit e-reader apps like Epic and OverDrive after conservative parents objected to content — E-reader apps that became lifelines for students during the pandemic are now in the crossfire of a culture war raging over books in schools and public libraries.| Financial Times: |
After SoftBank's subdued earnings call, some investors worry whether Masayoshi Son can handle the current market downturn — Tech stock rout has investors wondering how SoftBank can manage its heavy debt load — Masayoshi Son was uncharacteristically subdued when he revealed on Thursday …
Tweets: @yoda, @annasophiegross, @tariqpanja, and @muradahmed
| Kyle Wiggers / TechCrunch: |
SEC filing: Inflection AI, a human-computer interface startup headed by LinkedIn's Reid Hoffman and DeepMind's Mustafa Suleyman, raises $225M — Inflection AI, the machine learning startup headed by LinkedIn co-founder Reid Hoffman and founding DeepMind member Mustafa Suleyman … | Laurens Cerulus / Politico: |
EU countries and parliament agree on cybersecurity rules requiring industries such as banking, energy, telecom, and transport to better protect their networks — Faced with a flurry of cyberattacks, the European Union is asking its critical sectors to harden their defenses.| Lucas Matney / TechCrunch: |
Postmates founder Bastian Lehmann's new crypto startup TipTop raises a $23M Series A from a16z, Sam Altman, Naval Ravikant, and others — Postmates founder Bastian Lehmann's new crypto startup TipTop was lightly teased out a few weeks ago, but now the stealth startup is sharing some info … | Manish Singh / TechCrunch: |
Swiggy plans to acquire Dineout, a Times Internet-owned service for restaurant table reservations and events, a source says for $200M in an all-equity deal — Swiggy has amassed millions of users, helping them order food and grocery online in India. The seven-year-old firm is now looking to reach those who go out to eat.Sponsor Posts
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