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May 13, 2022, 12:05 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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| Lora Kolodny / CNBC: |
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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.
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@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: |
| 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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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.| Yueqi Yang / Bloomberg: |
Coinbase's market cap falls to $12.98B from a $75B+ peak in 2021 as its stock closes at $58.50, far below its first day closing price of $328.28 in April 2021 — Coinbase Global Inc. has declined precipitously this year, largely mimicking the drop in Bitcoin prices and taking its market value …
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CNN. Tweets: @brian_armstrong, @sophiamzaller, @karacalvert, @disruptepreneur, and @malwarejake
| Washington Post: |
Hollywood insiders explain celebrities' decreased interest in Twitter, seen as a high-risk, low-reward platform, and why Musk's ownership might make it worse — Elon Musk was right that Twitter's most popular accounts have gone quieter over the years. Hollywood insiders explain what happened …
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Protocol. Tweets: @benjysarlin, @willoremus, @davewiner, @marshallk, @jeffnolan, @whereisdaz, @mrinaldesai, @nickmartin, @kantrowitz, @marshallk, @theeashleyray, @lisakayhawes, @natemcdermott, @docdre, @taylorlorenz, @mattnavarra, @willoremus, @karissabe, and @triketora
| Veronica Irwin / Protocol: |
Masayoshi Son says SoftBank plans to cut its startup investments by 50%-75% through March 2023, after Vision Fund reported a $20B+ loss for its fiscal year — Japanese conglomerate SoftBank is severely cutting its planned startup investments through next March, Chief Executive Masayoshi Son said in a Thursday earnings call.| 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.| Ingrid Lunden / TechCrunch: |
London-based Token.io, an open banking-based account-to-account payments service, raises a $40M Series C co-led by Cota Capital and TempoCap — The rise of digital payments has changed the nature of how people do business with each other; and open banking — a movement in banking where incumbents … | Brian Krebs / Krebs on Security: |
The DEA is investigating reports that hackers gained access to its Law Enforcement Inquiry and Alerts system that taps into 16 federal law enforcement databases — The U.S. Drug Enforcement Administration (DEA) says it is investigating reports that hackers gained unauthorized access …
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Washington Post, Security Boulevard, Slashdot, KnowTechie, and Bob's Newsletter
Tweets: @secevangelism and @ncweaver
| Manish Singh / TechCrunch: |
Swiggy plans to acquire Dineout, a dining out table reservations and events service backed by Times Internet, 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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