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June 8, 2022, 7:15 PM
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| Elizabeth Dwoskin / Washington Post: |
Source: Twitter's board plans to comply with Elon Musk's demands for internal data on bots by offering access to its full “firehose”, after a weeks-long impasse — The billionaire is in a protracted battle with the company over information about spam and fake accounts
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The Verge, The Hill, SiliconANGLE, Benzinga, Ars Technica, Gizmodo, The Guardian, New York Post, Social Media Today, Engadget, Financial Times, Protocol, Axios, Fast Company, MobileSyrup, Variety, Insider, Hollywood Reporter, Input, iPhone in Canada Blog, iMore, OnMSFT.com, New York Times, Wccftech, Tech News, and CoinGape
Tweets: @willoremus, @mikeisaac, @raywert, @ethanjacobslaw, @lizzadwoskin, @jamespmcleod, @scottlincicome, @robinwigg, @cyantist, @markberman, @shoq, @matt, @gerritd, @kashhill, @mikeisaac, @mikeisaac, @dataandpolitics, @brittanheller, @daveleeft, @mrinaldesai, @nash076, @bigblackjacobin, @dataandpolitics, @caseynewton, @brianmfloyd, @midi_guru, @seyitaylor, @carnage4life, @bluechoochoo, @blackamazon, @r0wdy_, @peterhamby, @gottalaff, @parismartineau, @thegmcconnachie, @kurtwagner8, @thehonorableat, @americanwombat, @martinsfp, @vc, @cbouzy, and @jamesrbuk
| Bloomberg: |
Sources: Twitter's Vijaya Gadde told staff in a meeting that a shareholder vote to approve Elon Musk buying the company will occur in late July or early August — Twitter Inc.'s top lawyer reassured staff Wednesday that the deal to sell the company to billionaire Elon Musk is still progressing …
More:
Reuters and The Economic Times
| Mark Gurman / Bloomberg: |
Apple will handle Apple Pay Later's lending, a first for the company; in-house subsidiary Apple Financing LLC will oversee credit checks and make loan decisions — Apple Inc. will handle the lending itself for a new “buy now, pay later” offering, sidestepping partners as the tech giant pushes deeper …
More:
The Verge, Protocol, Engadget, The Verge, TechCrunch, AppleInsider, 9to5Mac, Reuters, MacRumors, CNBC, MacDailyNews, PhoneArena, iMore, Tech Xplore, TNW, and Insider
Tweets: @markgurman, @newsynick, @rsgnl, @zacbowden, @bvlaar, @lordmatty, @rosebudkane25, @f__peladeau, @vadimyuryev, @soflotrading, @micwasowski, @emmonspired, and @dotybilly
| Prakhar Khanna / Digital Trends: |
Apple says Stage Manager is limited to M1 iPads because the feature relies on iPadOS 16's fast memory swap, which lets demanding apps use storage as virtual RAM — At its Worldwide Developers Conference (WWDC) 2022, Apple announced numerous new features for iPadOS 16.
More:
Apple, AppleInsider, MacRumors, MacRumors, 9to5Mac, iDownloadBlog.com, TechSpot, and iThinkDifferent
Tweets: @markgurman, @viticci, @markgurman, @martinmoorejr, @theramalmedia, @stroughtonsmith, and @stroughtonsmith
| Alex Konrad / Forbes: |
After leaving Amazon on July 1, Dave Clark will join supply chain software startup Flexport as co-CEO starting September 1, becoming sole CEO six months later — Former Amazon consumer chief Dave Clark has a new job: co-CEO, and eventually sole CEO, of $8 billion-valued supply chain software startup Flexport.
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Bloomberg, Associated Press, Reuters, CNBC, SiliconANGLE, Newcomer, GeekWire, Bloomberg, Financial Times, Insider, and Seattle Business Journal
Tweets: @typesfast, @alexrkonrad, @danprimack, @kinjeketile, @grlemkau, @tobi, @amy_k_nelson, @chrisfralic, @kimmaicutler, @shaig, @delrey, @buccocapital, @mims, @alexrkonrad, @alexrkonrad, @typesfast, @peterpham, and @mattmday
| Cristina Criddle / Financial Times: |
Sources: since its launch in October 2021, TikTok Shop in the UK has lost ~50% of its staff, or at least 20 people, due to a culture clash with Chinese owners — Chinese-owned social media group launches investigation into ‘toxic’ working practices at London offices
More:
The Guardian, New York Post, Insider, City A.M., and Tech in Asia
| Cristina Criddle / Financial Times: |
In an email, ByteDance says Joshua Ma, who heads UK's TikTok Shop, will “step back” after a probe alleged that he said he “didn't believe” in maternity leave — Joshua Ma will ‘take some time off’ after claims were brought to TikTok by the Financial Times
Tweets: @henrymance and @mshannahmurphy
| Ian Allison / CoinDesk: |
Source: Citadel Securities is building a “cryptocurrency trading ecosystem” in partnership with market maker Virtu, VC firms Sequoia and Paradigm, and others — The effort also includes Citadel Securities' recent venture capital (VC) backers, Sequoia and Paradigm …
More:
Bloomberg, Reuters, Protocol, Insider, CryptoSlate, Blockworks, Ethereum World News, Bitcoin Magazine, and Finbold
Tweets: @whalesonly1, @zerohedge, @zerohedge, @eringriffith, and @wublockchain
| Dina Bass / Bloomberg: |
Microsoft plans to “significantly scale down” its operations in Russia, impacting 400+ staff, while continuing to fulfill its “existing contractual obligations” — Microsoft Corp. is substantially reducing its business in Russia, joining the list of prominent technology firms cutting …
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IBM, Softpedia News, Reuters, PCMag, GeekWire, Engadget, Gizmodo, The Economic Times, Cybernews.com, The Verge, Windows Central, OnMSFT.com, CRN, Gizchina, Neowin, Barron's Online, and PC Gamer
Tweets: @ylitvinenko, @divestech, @baxiabhishek, and @th3j35t3r
| Florence Ion / Gizmodo: |
Google releases Android 13 Beta 3 for Pixel phones and says Android 13 has reached platform stability, meaning the developer APIs and how apps perform are final — As the beta reaches Platform Stability, Google would like to remind you that Android tablets aren't dead yet. — Alerts| Joe Rossignol / MacRumors: |
Apple's iOS 16 introduces the ability to transfer an eSIM from another iPhone via Bluetooth while setting up cellular service — iOS 16 introduces a useful new feature that allows an eSIM to be transferred between iPhones via Bluetooth while setting up cellular service.
More:
CNET, Softpedia News, MobileSyrup, iPhone in Canada Blog, Cult of Mac, iPhone Hacks, Wccftech, and WRAL TechWire
Tweets: @detroitborg, @connorjewiss, @saranbyte, and @annkur
| Malathi Nayak / Bloomberg: |
Meta faces eight lawsuits this week that claim its algorithms lead to attempted suicide, eating disorders, sleeplessness, and other issues in young people — Meta Platforms Inc. is now a leader in another social media trend — lawsuits claiming the company built algorithms in its platforms …
More:
NBC News, LAW.com, Insider, Dailystar.co.uk, ExchangeWire.com, The Independent, and Law360
Tweets: @jimsteyer, @blaw, @hypervisible, @hypervisible, @realjunsonchan, @unusual_whales, @ajdelgado13, and @nbcnewsbusiness
| Andrew Asmakov / Decrypt: |
Ethereum's proof-of-stake Merge upgrade goes live on Ropsten, Ethereum's oldest testnet for blockchain development testing before deployment on the mainnet — First rolled out in 2016, Ropsten is Ethereum's oldest testnet that allows for blockchain development testing before deployment on the mainnet.| Odanga Madung / Mozilla Foundation: |
Analysis of disinformation on TikTok ahead of Kenya's August 9 general election: hate speech, community incitement, and manipulated content is spreading widely — 2. Extensive Disinformation and TikTok Policy Violations — 3. Looking Back: Familiar Terrain for Kenyans
More:
Rest of World, Wired, TechCrunch, and Gizmodo
Tweets: @mozilla, @odangaring, @odangaring, @carnage4life, and @mozilla
| Anton Wilen / Bloomberg: |
Saudi Arabia's PIF-backed Savvy Gaming Group acquires an 8.1% stake in Sweden's Embracer for ~$1.05B, after its Modern Times acquisition and Nintendo investment — Saudi Arabia's wealth fund has made its second $1 billion foray into the Swedish gaming industry this year as part of a drive …
More:
Embracer, Video Games Chronicle, PC Gamer, Gameranx, Wccftech, Polygon, TheGamer, Financial Times, GamesIndustry.biz, Game Developer, Dow Jones Newswires, and Eurogamer.net. Tweets: @logmey92
| Alex Heath / The Verge: |
Meta's David Mortenson steps down as head of infrastructure; Santosh Janardhan, VP of engineering and infrastructure, will assume Mortenson's role later in June — The change comes days after the announced departure of Sheryl Sandberg — Another executive change is hitting Meta … | Ron Miller / TechCrunch: |
Salesforce announces a closed pilot of NFT Cloud, a service for buying and selling NFTs; Salesforce SVP says CMOs and CDOs “are asking for help entering web3” — Who knows whether it's FOMO or actual customer demand for such a thing, but Salesforce announced today that it's launching …
More:
Gizmodo, Decrypt, Bloomberg, CryptoPotato, Insider, PYMNTS.com, Web3 Friends, PR Newswire, and SearchCustomerExperience
| Emma Roth / The Verge: |
Mark Zuckerberg: Meta's Crayta, a service built on Unreal Engine 4 that lets players create, share, and play games with friends, is coming to Facebook Gaming — The Roblox-meets-Fortnite platform lets you build games with friends — Crayta, a platform that lets players create, share …
Source:
Facebook. More:
VentureBeat, Protocol, TechCrunch, Adweek, Benzinga, and The Sun
Tweets: @metanewsroom, @nickstatt, @iamoliveallen, @nickstatt, @kylebrussell, and @mattnavarra
| Todd Bishop / GeekWire: |
Internal email: Microsoft splits its HoloLens group as its leader Alex Kipman leaves the company; a recent Insider report described Kipman's “toxic” behavior — Microsoft is splitting its HoloLens mixed reality group and parting ways with Alex Kipman, the leader of the group …
More:
Insider, Bloomberg, Wall Street Journal, Gizmodo, The Information, SlashGear, Windows Central, IGN, TheGamer, TechSpot, The Register, OnMSFT.com, WinBuzzer, New York Post, Protocol, CNBC, Road to VR, UploadVR, Fossbytes, Engadget, Neowin, and The Verge
Tweets: @ashannstew, @dinabass, @dinabass, @toddbishop, @dinabass, @gartenberg, @kentbye, @ashannstew, and @robaeprice
| Todd Spangler / Variety: |
Spotify's podcast business generated nearly €200M in 2021 revenue, up 300% YoY, but had a -57% gross margin; Spotify monetized 14% of listening time in Q1 2022 — Spotify disclosed some key financial metrics of its podcast business for the first time — and while the $1 billion-plus …
More:
Wall Street Journal, Hollywood Reporter, TechCrunch, and Bloomberg
Tweets: @omri_legacy and @pkedrosky
| Sergiu Gatlan / BleepingComputer: |
In a joint cybersecurity advisory, the NSA, CISA, and the FBI reveal China-backed hackers exploited publicly known vulnerabilities to snoop on network traffic — Several US federal agencies today revealed that Chinese-backed threat actors have targeted and compromised major telecommunications companies …
Source:
National Security …. More:
CISA, CISA, CyberScoop, inforisktoday.com, ZDNet, Security Affairs, The Hill, SC Media, Nextgov, TechRadar, CNN, Cybersecurity Dive, Gizmodo, Tech Monitor, TechSpot, Forbes, The Register, and DataBreaches.net
| Mia Sato / The Verge: |
Twitter begins testing Product Drops, a shopping feature that lets brands tease items before they go on sale, starting with select partners for US users on iOS — Shoppers can opt in to receive notifications ahead of releases — Twitter is testing a new shopping feature for previewing upcoming product releases.| Sarah McBride / Bloomberg: |
Vanta, which offers enterprise data security compliance tools, raises $100M led by Craft Ventures at a $1.6B valuation, bringing its total funding to ~$163M — In some ways, Vanta Inc. looks like a startup from a frothier era. It's run by a 35-year-old entrepreneur in San Francisco and sells software primarily to other startups.
More:
San Francisco Business Journal and SiliconANGLE
| Brandy Betz / CoinDesk: |
Toronto-based Delphia, a stock advisor app offering an algorithm-based service, raises a $60M Series A led by Multicoin Capital to launch its Delphia Data token — Investors will earn Delphia Data tokens for sharing personal shopping and social media data.
More:
BetaKit, TechCrunch, FinSMEs, PR Newswire, and Blockworks
| Sophia Kunthara / Crunchbase News: |
Analysis: over 17,000 workers in the US tech sector have been laid off in mass job cuts so far in 2022, including by Clubhouse, Fast, Glossier, Noom, and others — After a banner year for tech, layoffs are here. In fact, as of the beginning of June, more than 17,000 workers in the U.S. tech sector … | Rebecca Bellan / TechCrunch: |
More:
Gizmodo, Crunchbase News, New York Times, Global Nerdy, b'dot.LA', Engadget, and Insider
Tweets: @layoffsfyi, @tomaxwell, and @mcwm
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