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May 27, 2022, 8:25 AM
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memeorandum
WeSmirchTop News
| Lora Kolodny / CNBC: |
A Twitter shareholder sues Elon Musk and Twitter over the handling of the acquisition, saying Musk engaged “in conduct designed to create doubt about the deal” — - Since Musk's acquisition bid, Twitter's share price has dropped more than 12%, and Tesla's is down about 28% as part of a broad sell-off in tech stocks.
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The Verge, BBC, Ars Technica, The Guardian, Benzinga, Coinspeaker, Insider, International Business Times, The Signal, TechCrunch, Bloomberg, Engadget, RTÉ, Newser, Deadline, and Fossbytes
Tweets: @marcowenjones, @thestarkenya, @fabiochiusi, @samantar, @vasabjit_b, @fuzzywuzzyto, @cbouzy, and @maddenifico
| Jez Corden / Windows Central: |
Microsoft confirms it is developing an HDMI device codenamed Keystone, that connects to any TV or monitor, and offers Xbox game streaming — The key to the cloud. — For a few years, rumors have persisted that Microsoft was exploring building some form of streaming stick …
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Android Authority, PCMag, Engadget, MacRumors, Silicon Republic, Wccftech, BGR India, Pocket-lint, WRAL TechWire, Video Games Chronicle, TheGamer, Fossbytes, The Verge, GamingBolt, Dexerto, purexbox.com, iDownloadBlog.com, 9to5Mac, Tom's Guide, MUO, TechSpot, Laptop Mag, GameRevolution, Game Developer, Game Rant, Thurrott, IGN, Neowin, Digital Trends, XDA Developers, MobileSyrup, iClarified, Windows Blog, and Slashdot
Tweets: @tomwarren, @jezcorden, and @pms_jordan
| The Markup: |
An investigation finds Apple, Meta, Amazon, Google, and Microsoft have launched a coordinated campaign in 31 states against data privacy legislation since 2021 — Coordinated industry lobbying is overwhelming the scattered efforts of consumer groups and privacy-minded lawmakers
More:
Tom Kemp's Blog, 9to5Mac, and The Mac Observer
| Politico: |
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klobuchar.senate.gov, AppleInsider, PhoneArena, Taxpayers Protection Alliance, Crowdfund Insider, HART Research Associates, MacDailyNews, 9to5Mac, PCMag, and MacRumors
Tweets: @protectaxpayers, @adamkovac, @actonline, @timsweeneyepic, @lutherlowe, @lutherlowe, @timsweeneyepic, @karlbode, @timsweeneyepic, @fightfortheftr, @sachalouise, @timsweeneyepic, @evan_greer, @neil_chilson, @timsweeneyepic, @timsweeneyepic, @timsweeneyepic, @netchoice, @progresschamber, @matthewstoller, @demandprogress, @adamkovac, @adamkovac, @fightfortheftr, @jowens510, @evan_greer, @halsinger, @sachalouise, @chrisj_lewis, @evan_greer, @rsi, @matthewstoller, @matthewstoller, @mpetricone, @adamcancryn, @tomhebertdc, @johndavisson, @adamcancryn, @reckless, @zacharyleelee, @sachalouise, @pathedger18, @senatorshoshana, @tomhebertdc, @birnbaum_e, @lamiasdottir, @nealkwatra, and @adamcancryn
| Yogita Khatri / The Block: |
Tether enters Latin America by launching the MXNT stablecoin, pegged to the Mexican peso, initially available on the Ethereum, Tron, and Polygon blockchains — Quick Take — Tether has launched a new stablecoin pegged 1:1 to the Mexican peso. — It will be initially available on Ethereum, Tron and Polygon.| Rest of World: |
People from countries like Argentina, Venezuela, and Nigeria invested in Terra as they saw it as more stable than local currency, but lost thousands in savings — “I have nothing left, not even a penny.” — Valeria makes around $300 a month selling prepared food from her home in Buenos Aires.
More:
Wall Street Journal
| Benjamin Mullin / New York Times: |
Sources: Substack dropped efforts to raise money, after talks to raise $75M-$100M at a $750M-$1B valuation, during which the company said 2021 revenue was ~$9M — Amid an industrywide downturn, venture investors are preaching austerity and halting new deals, particularly for companies that have spent aggressively on growth.
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TechCrunch. Tweets: @benmullin, @joy, @sameer_singh17, @riddle245, @film_girl, @pt, @kateclarktweets, @longshorttrader, @gaberivera, @tysonbrody, @chaykak, @tomaxwell, @caleweissman, @joshschoen, @fmanjoo, @carnage4life, @barbariancap, @pkafka, @jackmarshall, @suldrew, and @elinalappalaine
| Washington Post: |
Young gunmen are using private and disappearing messages in apps like Snapchat, Instagram, Discord, and Yubo to share violent plans, evading content moderation — Private messaging apps are harder to scan for warning signs of potential violence, experts say| Amy Lewin / Sifted: |
Report: only 15% of GPs at European VC firms are women, managing just 9% of total assets; in the UK, 13% of GPs are women with access to just 5% of total assets — Across Europe as a whole, 85% of VC GPs are men. — In worse than the average in the UK, where 87% of GPs are men.| Agne Cimermanaite / Metaverse Post: |
Jadu, which is developing an AR game built around virtual objects owned by players in a metaverse, raises $36M led by Bain Capital Crypto — Jadu Mirrorverse — an AR game built around virtual objects owned by the players — just raised $36M to help create the Web3 “definitive AR & gaming platform …
More:
Jadu
| Michael Tobin / Bloomberg: |
Instacart plans to slow hiring as it prepares for its IPO, after hiring over 1,500 staff in 2021; Instacart cut its valuation by 40% to $24B in March 2022 — Grocery delivery startup Instacart Inc. is planning to slow the pace of hiring as it prepares for an initial public offering, focusing instead on profitability.
More:
New York Post
| Ingrid Lunden / TechCrunch: |
Poland-based Nomagic, which makes pick-and-place warehouse robots, raises a $22M Series A led by Khosla Ventures, Almaz Capital, and European Investment Bank — Robotics are playing a growing role in the world of e-commerce logistics and fulfillment — where they are seen not just as a way to speed …
More:
The Robot Report and Tech.eu
| Devin Coldewey / TechCrunch: |
New York-based Parallel Learning, a telehealth service focused on students with learning challenges, raises a $20M Series A led by Tiger Global — If a kid is having trouble at school, one of the standard steps is to schedule an assessment for conditions like dyslexia, ADHD, or anything else that might require a special approach.Sponsor Posts
Google:
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UiPath:
UiPath Unveils 10 Innovations that Will Shape the Agentic Future — Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
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Zoho:
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| Bloomberg: |
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| Lauren Rosenblatt / The Seattle Times: |
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| Sam Nussey / Reuters: |
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Tweets: @legogosling, @bruceqburke, and @tomwarren