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May 18, 2022, 3:00 PM
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| Brian Stelter / CNN: |
Twitter's board says “Mr. Musk agreed to a transaction at $54.20 per share” and that it intends to “close the transaction and enforce the merger agreement” — New York CNN Business — … Who wants to own Twitter? Maybe Elon Musk doesn't.
More:
New York Times, TheStreet, SEC.gov, Fortune, Ars Technica, Axios, Bloomberg, Bloomberg, TaaSMaster Newsletter, Axios, Mashable, Washington Post, Politique Republic, New York Times, The Irish Times, Bloomberg, International Business Times, and Protocol
Tweets: @nycsouthpaw, @sherman4949, @nycsouthpaw, @laurenshirsch, @tomcoates, @bennyjohnson, @thevivafrei, @ilyabr0wn, @loudmouthjulia, @sherman4949, @brianstelter, @dsquareddigest, @sherman4949, @davezatz, @emptywheel, @danprimack, @ivanthek, @ivanthek, @danprimack, @bongcapital, @laurenshirsch, @arashmassoudi, @bongcapital, @ivanthek, @bongcapital, @samro, @sarafischer, @sherman4949, @danprimack, @sherman4949, and @sherman4949
| Bloomberg: |
Sources: despite Elon Musk's tweets, his team, Twitter, and banks are preparing the documents needed to close the purchase, including the 139-page SEC filing — In public, Elon Musk's erratic tweets have sent Twitter Inc.'s shares flailing, as traders bet that the billionaire is preparing …
More:
New York Times, Barron's Online, and Insider
Tweets: @business, @shortingisfun, @martinsfp, @mattnavarra, and @edludlow
| Edwin Chan / Bloomberg: |
Source:
@elonmusk. More:
Insider, PCMag, Wired, Fortune, ExtremeTech, WRAL TechWire, The Guardian, TechCircle, Fossbytes, TNW, Reuters, and The Signal
Tweets: @elonmusk, @elonmusk, @mmasnick, @evafoxu, @sruhle, @chandrarsrikant, @crtrud, @carnage4life, @mollyjongfast, @lukemiani, @billym2k, @repaoc, @meiselasb, @anandwrites, @annelamott, @joshtpm, @lizpeek, @moorehn, @tedlieu, @thesheetztweetz, @janewells, @richsignorelli, @nilegardiner, @efffalcon, @carnage4life, @tonychurnside, @karlbode, @gauravsabnis, @briannawu, @caseynewton, @matthuang, @film_girl, @cianmaher0, @green_footballs, and @ldrogen
| Monica Chin / The Verge: |
Acer refreshes 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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XDA Developers, ZDNet, Windows Central, CNET, Tech Advisor, PCWorld, Android Authority, Tom's Hardware, BGR India, Engadget, Liliputing, Acer, and Digital Trends
| Phillip Tracy / Gizmodo: |
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XDA Developers, Tom's Hardware, Windows Central, PCWorld, Ars Technica, KnowTechie, Engadget, Engadget, Acer, TechRadar, and Digital Trends
| Sam Rutherford / Engadget: |
| Financial Times: |
Filing: Saudi Arabia's Public Investment Fund bought a 5% stake in Nintendo worth $2.98B; the PIF disclosed 5%+ stakes in Nexon and Capcom in February 2022 — Sovereign wealth fund has already bought into Japan's Capcom and Nexon — Saudi Arabia's sovereign wealth fund has acquired …
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Bloomberg, Polygon, Game Rant, Twinfinite, MobileSyrup, GamesIndustry.biz, Wall Street Journal, NME, Kotaku, Nintendo Life, and Eurogamer.net
Tweets: @gearoidreidy, @andyplaytonic, @toadsanime, @jenny_b_3, @randallbell, @quinnypig, and @stephentotilo
| Mark Gurman / Bloomberg: |
Sources: Ian Goodfellow, Apple's former director of machine learning who left over the company's strict return-to-office 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 …
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Gizmodo, 9to5Google, Wall Street Journal, The Mac Observer, Engadget, The Verge, New York Post, The Register, TechRadar, iThinkDifferent, AI News, Philip Elmer‑DeWitt, TechCircle, WRAL TechWire, Silicon Republic, MacRumors, Benzinga, 9to5Mac, AppleInsider, iMore, and Livemint
Tweets: @markgurman, @mkarolian, @lapcatsoftware, @applelaborers, @bob_burrough, @wintermoat, @brianroemmele, and @chancehmiller
| Mitchell Clark / The Verge: |
Amazon refreshes its Fire 7 tablet with USB-C charging, better battery life, and a 30% faster processor, and raises the price from $50 to $60, coming June 29 — And faster internals — Amazon is updating its small and inexpensive Fire 7 tablet for the first time in three years … | 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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South China Morning Post, Reuters, Wall Street Journal, Tencent Investor Relations, Financial Times, Coinspeaker, RTÉ, and Barron's Online
Tweets: @sofiahcbbg, @theemikehobart, and @financial_orbit
| 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 … | 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 …
More:
CNBC, The Verge, Bloomberg, Los Angeles Times, iPhone in Canada Blog, Engadget, t3.com, Android Headlines, Tech in Asia, BGR India, Insider, Gizmodo, iMore, and Protocol
| Mary Jo Foley / ZDNet: |
Addressing complaints by rivals, Microsoft begins relaxing its cloud licensing rules in Europe, which made running its software on other clouds more expensive — Microsoft is undoing in Europe some of the restrictive cloud-licensing policies it first announced in 2019 which made running …
More:
Microsoft On the Issues, Thurrott, GeekWire, Softpedia News, Euractiv, The Register, OnMSFT.com, and Financial Times
Tweets: @bradsmi, @getwired, @quinnypig, @bradsmi, @maryjofoley, and @klyngec
| 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 — Departure of employees comes as Russian subsidiary prepares to declare bankruptcy, effectively ending the company's commercial operations in the country
More:
PCMag, Ars Technica, The Verge, Telegraph, Android Police, Reuters, The Hill, City A.M., The Economic Times, and Slashdot. Tweets: @trippmickle
| 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.
More:
Protos and Newslit Daily
Tweets: @slhamlet, @ben_mckenzie, @luxalptraum, @taylorlorenz, @nytimes, @katie_robertson, @markmazzettinyt, @megancgraham, and @annmlipton
| 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.
More:
Crypto Briefing. Tweets: @chrisbloomstran, @toby_n, @zhusu, @mdudas, @mdudas, @toby_n, @degenspartan, @bennetttomlin, @jeetsidhu_, @biancoresearch, @biancoresearch, @davetroy, @biancoresearch, @cryptoseq, and @degenspartan
| Kate Rooney / CNBC: |
At the first investor day in five years, Jack Dorsey reaffirms Block's commitment to bitcoin; Block's stock is down from its 52-week high of $289.23 to ~$83 — - At Block's first investor day since 2017, executives describe how crypto and music-streaming businesses make up an “ecosystem” beyond the original card reader.Sponsor Posts
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