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June 8, 2022, 8:20 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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Associated Press, The Verge, The Hill, SiliconANGLE, Benzinga, Ars Technica, Gizmodo, The Guardian, Axios, Fast Company, Financial Times, Social Media Today, MobileSyrup, Input, New York Post, Engadget, iPhone in Canada Blog, iMore, Variety, OnMSFT.com, Protocol, Hollywood Reporter, Wccftech, Tech News, Insider, CoinGape, and New York Times
Tweets: @willoremus, @mikeisaac, @raywert, @lizzadwoskin, @ethanjacobslaw, @shoq, @matt, @gerritd, @kashhill, @mikeisaac, @mikeisaac, @dataandpolitics, @brittanheller, @daveleeft, @mrinaldesai, @nash076, @jamespmcleod, @bigblackjacobin, @dataandpolitics, @caseynewton, @brianmfloyd, @midi_guru, @seyitaylor, @carnage4life, @bluechoochoo, @blackamazon, @scottlincicome, @r0wdy_, @peterhamby, @gottalaff, @robinwigg, @parismartineau, @thegmcconnachie, @kurtwagner8, @thehonorableat, @cyantist, @americanwombat, @markberman, @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 … | 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 …
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The Verge, Protocol, Engadget, TechCrunch, Finextra, Financial Times, Reuters, AppleInsider, 9to5Mac, MacRumors, iMore, CNBC, MacDailyNews, PhoneArena, Tech Xplore, TNW, and Insider
| 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.
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Apple, AppleInsider, MacRumors, MacRumors, 9to5Mac, TechSpot, Cult of Mac, iThinkDifferent, and iDownloadBlog.com
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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TechCrunch, Associated Press, Bloomberg, CNBC, Reuters, GeekWire, Bloomberg, Financial Times, SiliconANGLE, Insider, Seattle Business Journal, and Newcomer
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
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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 leads UK's TikTok Shop, will “step back” during a probe into comments that he “didn't believe” in maternity leave — Joshua Ma will ‘take some time off’ after claims were brought to TikTok by the Financial Times| 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| 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 …
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NBC News, LAW.com, Insider, Dailystar.co.uk, ExchangeWire.com, The Independent, and Law360
Tweets: @hypervisible, @blaw, @jimsteyer, @hypervisible, @realjunsonchan, @unusual_whales, @ajdelgado13, and @nbcnewsbusiness
| 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 …
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Bloomberg, Reuters, Protocol, CryptoSlate, Insider, Blockworks, Bitcoin Magazine, Ethereum World News, 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, Reuters, Softpedia News, PCMag, Engadget, Gizmodo, GeekWire, 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
| 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.
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CNET, Softpedia News, MobileSyrup, Cult of Mac, iPhone Hacks, iPhone in Canada Blog, Wccftech, and WRAL TechWire
Tweets: @detroitborg, @connorjewiss, @saranbyte, and @annkur
| 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.| Sarah McBride / Bloomberg: |
Vanta, which offers enterprise data security compliance tools, raises $110M 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:
vanta.com, San Francisco Business Journal, and SiliconANGLE
| Todd Bishop / GeekWire: |
In a series of reforms, Microsoft says it will no longer include noncompete clauses in US employment agreements, drop NDAs from US worker settlements, and more — Bending to employee sentiment and legislative mandate, Microsoft announced a series of reforms Wednesday that will curtail or end … | 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
| 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:
TechCrunch, Hollywood Reporter, Wall Street Journal, and Bloomberg
Tweets: @omri_legacy and @pkedrosky
| Alex Heath / The Verge: |
Meta's head of infrastructure David Mortenson steps down; engineering and infrastructure VP Santosh Janardhan, his direct report, will take over later in June — The change comes days after the announced departure of Sheryl Sandberg — Another executive change is hitting Meta … | 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 …
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Facebook. More:
VentureBeat, MobileSyrup, Protocol, TechCrunch, Adweek, Benzinga, and The Sun
Tweets: @metanewsroom, @nickstatt, @iamoliveallen, @nickstatt, @kylebrussell, and @mattnavarra
| 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 …
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Gizmodo, Bloomberg, CryptoPotato, Insider, Decrypt, Web3 Friends, PYMNTS.com, PR Newswire, and SearchCustomerExperience
| 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 …
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Embracer, Video Games Chronicle, PC Gamer, Gameranx, Wccftech, Polygon, TheGamer, Game Developer, Financial Times, GamesIndustry.biz, Dow Jones Newswires, and Eurogamer.net. Tweets: @logmey92
| Thomas Brewster / Forbes: |
Unsealed docs show how the US ordered travel firms Sabre and Travelport to spy on a Russian hacker for two years, giving the Secret Service weekly reports — A Forbes legal challenge forces the unsealing of documents that reveal for the first time the scope of secretive surveillance orders … | 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.| 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: |
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Gizmodo, Global Nerdy, Crunchbase News, New York Times, Engadget, b'dot.LA', and Insider
Tweets: @layoffsfyi, @tomaxwell, and @mcwm
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