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May 18, 2022, 11:25 AM
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| Brian Stelter / CNN: |
Twitter's board says it intends to “close the transaction” at the agreed price and “enforce the merger agreement” — New York CNN Business — … Who wants to own Twitter? Maybe Elon Musk doesn't. Sure, maybe he is causing chaos to extract a lower price from the Twitter board …
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New York Times, SEC.gov, Axios, Gizmodo, Bloomberg, Axios, Washington Post, Financial Times, New York Times, Protocol, Washington Post, Mashable, Insider, Bloomberg, International Business Times, Protocol, Bloomberg, Observer, and Financial Times
Tweets: @sherman4949, @nycsouthpaw, @nycsouthpaw, @laurenshirsch, @loudmouthjulia, @emptywheel, @danprimack, @ivanthek, @ivanthek, @danprimack, @bongcapital, @sherman4949, @laurenshirsch, @arashmassoudi, @brianstelter, @bongcapital, @ivanthek, @dsquareddigest, @bongcapital, @samro, @sarafischer, @sherman4949, @sherman4949, @danprimack, @sherman4949, @sherman4949, and @davezatz
| Matt Levine / Bloomberg: |
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KnowTechie, Newslit Daily, Politique Republic, The Irish Times, Financial Times, South China Morning Post, and The Register
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| Bloomberg: |
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| Edwin Chan / Bloomberg: |
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@elonmusk. More:
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| Monica Chin / The Verge: |
Acer unveils the Swift 3 laptop, starting at $900 with a 14" OLED display, 12th-Gen Intel Core H-series CPUs, and claimed 10-hour battery life, coming in July — A new 14-inch OLED for $899.99 — It wasn't too long ago that the phrase “OLED laptop” implied a luxury product.
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| Phillip Tracy / Gizmodo: |
Acer announces the SpatialLabs View and SpatialLabs View Pro, standalone external 4K monitors with its glasses-free stereoscopic 3D tech, available from $1,099 — The SpatialLabs View line is glasses-free and will be available this summer at a hefty price. — Alerts
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XDA Developers, The Verge, PCWorld, Tom's Hardware, Ars Technica, Engadget, Engadget, TechRadar, Digital Trends, and Acer
| Sam Rutherford / Engadget: |
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| Financial Times: |
China's top economic official meets dozens of tech execs and industry experts, pledging “support” for Chinese tech companies amid a deepening economic slump — Beijing's top economic official holds meetings with executives and industry experts — China's top economic official met dozens … | Zheping Huang / Bloomberg: |
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| Mark Gurman / Bloomberg: |
Sources: Ian Goodfellow, Apple's former director of machine learning who left due to the company's return to work policy, is joining Alphabet's DeepMind — An Apple Inc. executive who left over the company's stringent return-to-office policy is joining Alphabet Inc.'s DeepMind unit, according to people with knowledge of the matter.
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9to5Google, The Register, TechRadar, AI News, Engadget, The Verge, MacRumors, Benzinga, iThinkDifferent, TechCircle, Fossbytes, Philip Elmer‑DeWitt, WRAL TechWire, Silicon Republic, 9to5Mac, AppleInsider, iMore, Fortune, Livemint, CNN, and Washington Post
Tweets: @markgurman, @applelaborers, @bob_burrough, @brianroemmele, @wintermoat, and @chancehmiller
| Financial Times: |
Filing: Saudi Arabia's Public Investment Fund takes a ~5% stake in Nintendo, worth $2.98B; the PIF disclosed a 5% stake in Japan's Nexon and Capcom in February — Sovereign wealth fund has already bought into Japan's Capcom and Nexon — Saudi Arabia's sovereign wealth fund has acquired …
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Tweets: @andyplaytonic, @gearoidreidy, @stephentotilo, @randallbell, @jenny_b_3, @toadsanime, and @quinnypig
| New York Times: |
A profile of Do Kwon, the trash-talking founder of Terraform Labs, which raised $200M+ to build LUNA and UST; many investors avoided losses by cashing out early — Do Kwon, a South Korean entrepreneur, hyped the Luna and TerraUSD cryptocurrencies. Their failures have devastated some traders … | Emily Nicolle / Bloomberg: |
CoinGecko: after Tether lost its dollar peg, leading to $8.5B+ in redemptions, Circle's USDC stablecoin circulation rose by $3.4B and Binance USD is up $1.2B — Circle's USD Coin is reaping the benefits as circulation of Tether, the world's largest stablecoin and its closest rival, continues to decline in a wave of redemptions.| Nellie Andreeva / Deadline: |
Netflix cuts 150 jobs out of 11K across departments in a new round of layoffs, mostly in the US, as the company reins in costs amid slowing revenue growth — EXCLUSIVE: Layoffs are underway at Netflix today. About 150 positions out of the streamer's workforce of 11,000 are being eliminated amid …
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The Verge, Hollywood Reporter, Bloomberg, CNBC, Los Angeles Times, t3.com, BGR India, Insider, Tech in Asia, Gizmodo, iMore, and Protocol
Tweets: @nothnghppens, @lindaholmes, @freeblackgirl, @thestalwart, @tvgrimreaper, @carriecnh12, and @carnage4life
| Tiffany Hsu / New York Times: |
Celebrities have been criticized for hyping crypto without highlighting the risks after this month's sell-off, as Crypto.com and FTX scale back on ad spending — Crypto boosters such as Matt Damon, Reese Witherspoon and Gwyneth Paltrow have been criticized for hyping virtual currency without highlighting the risks.
Tweets: @slhamlet, @ben_mckenzie, @luxalptraum, @nytimes, @megancgraham, and @annmlipton
| Tomio Geron / Protocol: |
Plaid announces two products for Automated Clearing House transfers, including identify verification, putting it in direct competition with Stripe — Plaid is moving into identity verification in a crucial expansion beyond its roots connecting banks and fintechs — a move that could put … | Bloomberg: |
Research: despite China's crypto mining ban, its global bitcoin hashrate share grew to 21.1% from Sept. 2021 to Jan. 2022, suggesting a rise in covert mining — While the US extended its leading position as the dominant location for Bitcoin mining, China has reemerged as the second-largest locale despite … | Mauro Orru / Wall Street Journal: |
Google's Russian subsidiary plans to file for bankruptcy, saying it is impossible to pay employees and suppliers after authorities seized its bank account — Tech giant had already paused most of its commercial operations in the country — The Russian subsidiary of Alphabet Inc.'s GOOG 1.66%▲ …
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The Economic Times, Reuters, and City A.M.
| Frederic Lardinois / TechCrunch: |
Masterschool, a network of virtual coding schools that takes 10% of monthly income to repay tuition, raises a $100M seed led by Group 11 — Masterschool, which describes itself as a “network of tech career-training schools,” today announced that it has raised a $100 million seed funding round …
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SiliconANGLE, VentureBeat, and Geektime
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