Twitter appoints Elon Musk to its board after Musk purchased a 9.2% stake in the company; Musk cannot own more than 14.9% of Twitter while on the board
- Elon Musk will join Twitter's board of directors after taking a 9.2% stake in the social media company, according to a release filed with the SEC.
Filing: Elon Musk acquires a 9.2% stake in Twitter, worth ~$2.89B at Friday's market close, becoming its largest shareholder; Twitter shares rise 27.2%
You may have already heard the news that shocked the internet yesterday... Michelle Chapman / TIME : Elon Musk Will Join Twitter's Board of Directors Yashu Gola / Cointelegraph : Elon Musk's Twitter i...
If Elon Musk wants to change Twitter with his stake, he might have to gesture in the direction of ESG or profitability to get other shareholders to support him
Programming note: Money Stuff was supposed to be off today but, Elon. So here we are. — Oh Elon
Amazon's Project Kuiper books 83 satellite launches over five years to deploy most of its 3,236 satellites, which will beam internet to earth
The subsidiary is partnering with Arianespace, ULA, and Blue Origin — Project Kuiper — Amazon's planned internet-from-space initiative …
Internal Amazon documents show its planned internal messaging app would block union-related words, including “union”, “grievance”, and “pay raise”
Amazon will block and flag employee posts on a planned internal messaging app that contain keywords pertaining …
Microsoft will let Windows 11 PCs boot straight to Windows 365 Cloud PCs and switch between cloud and native desktops using the virtual desktops feature
Windows is getting even more cloud-powered features — Microsoft put PCs in the cloud with Windows 365 last year …
Microsoft unveils a refreshed Windows 11 File Explorer with tabs, favorites, and a new homepage, although the release date is unclear
it feels like a feature that's been here forever. Took Windows way too long to catch up https://t.co/Nag5JmXHsS Tom Warren / @tomwarren : here's the new Windows 11 File Explorer in action https://www....
German police shut down darknet market Hydra Market, which had €1.23B in 2020 revenue, and seize 543 bitcoins
The Hydra Market's bitcoin privacy mixer complicated the investigation, police said. — German authorities seized $25 million in bitcoin (BTC) as they shut down Hydra Market …
A look at Axie Infinity “managers”, who loan in-game NFTs to other players in exchange for a cut of any profits and depend on a constant influx of new players
Managers in play-to-earn game Axie Infinity employ large teams of “scholars” who can't afford their own NFTs even as the game's economy spirals. Tweets: @bigblackjacobin , @tolstoybb , @willoremus , @...
Apple announces WWDC will be held June 6 through June 10 as a virtual event
Apple today announced that its 33rd annual Worldwide Developers Conference is set to take place from Monday, June 6 to Friday, June 10. As with the last several WWDC events, the 2022 Worldwide Develo...
Plex updates its app with universal search across a user's subscription services, a watchlist, and other discovery features; the service says it has 13M MAUs
Plex has an audacious plan to become the daily go-to app for everyone's streaming needs: The media center app rolled out new universal search …
A look at subreddit r/Place, which lets users build collective art by posting a colored pixel every five minutes and had 72M tiles placed by Sunday night
Since last Friday, millions of Reddit users have banded together to collectively generate a massive, collaborative piece of artwork that has become a viral phenomenon.
Microsoft announces a preview of ARM-based chips for Azure virtual machines, using Ampere Altra CPUs
It's been a long time coming, but Microsoft is making available a preview of Azure VMs supporting Arm-based processors from Ampere. — It's been a long road, but Microsoft announced …
FTX makes a “significant” investment in stock exchange IEX, made famous by Michael Lewis' “Flash Boys”; IEX represented 2.7% of US equities volume in March
Crypto exchange FTX US agreed to take a stake in IEX Group Inc., owner of the stock exchange made famous by …
Tiger Global's hedge fund has slumped by 34% from January to March 2022, losing around $10B, fueled by declining stocks, the Ukraine war, and China's crackdown
Hema Parmar / Bloomberg :
Filing: Block is contacting 8.2M Cash App customers in the US after a breach caused by a former employee four months ago exposed some of their account info
Block has confirmed a data breach involving a former employee who downloaded reports from Cash App that contained some U.S. customer information.
Sky Mavis: Axie Infinity DAUs had fallen 45% from a November peak to 1.48M for the week ending March 28, a day before Ronin's ~$600M crypto hack was announced
CryptoSlam: around 95%, or $18B, of the total trading volume on NFT marketplace LooksRare are users selling tokens to earn rewards, not genuine NFT trades
A closer look at the LooksRare platform that has quickly become the leading NFT marketplace by trading volume shows that most of the activity …
Crypto investment firm Paradigm says it has $13.2B under management, up 343% from December 2020; a16z has $54.6B, Sequoia $85.5B, and Tiger Global $124.7B
Andreessen Horowitz AUM rises 53% to $54.6 billion — In previously unreported financial filings, some of the technology industry's …
UK Chancellor Rishi Sunak asks the Royal Mint to issue an NFT by the summer, as the Treasury plans a “forward-looking approach” towards crypto assets
Lily Russell-Jones / City A.M. : Source: @hmtreasury .
Mailchimp discloses a breach where hackers accessed 319 accounts and stole “audience data” from 102 clients; phishing scams of crypto users quickly followed
Lawrence Abrams / BleepingComputer :
Remote, an HR service that helps companies hire and manage remote employees across 60+ countries, raises $300M led by Vision Fund 2 at a ~$3B valuation
Remote Technology Inc., a startup which makes it easier for businesses to hire international employees, said it raised $300 million at valuation of almost $3 billion.
Hivemapper, which wants to build a decentralized digital mapping network on Solana, raises an $18M Series A led by Multicoin Capital
Hivemapper rewards users with tokens for passively capturing mapping data with dashcams in a model inspired by Helium. — In brief
Former ByteDance employees say the company scraped Instagram, Snap, and others to make fake accounts on TikTok predecessor Flipagram, later renamed Vigo Video
Emily Baker-White / BuzzFeed News :
A look at Peloton Guide, an upcoming $295 streaming media box from Peloton that uses a body-tracking camera to let users track their strength-training workouts
Lauren Goode / Wired :
As subscriber growth slows, Netflix should consider introducing an ad-supported tier, which could help it add subscribers, raise prices, and reduce churn
Ben Thompson / Stratechery :
India orders a wide-ranging antitrust investigation into Zomato and Swiggy, following a complaint from the National Restaurant Association
Manish Singh / TechCrunch :
Appwrite, an open-source “backend-as-a-service” startup, raises a $27M Series A led by Tiger Global
Sign up here. — Appwrite, an open source backend-as-a-service (BaaS) platform that enables companies to forget about infrastructure and focus squarely on the front end …
Israel-based Coro, which is building an “all-in-one” cybersecurity service for mid-market companies, raises a $60M Series C led by Balderton
Ingrid Lunden / TechCrunch :
Barcelona-based SaaS startup Amenitiz, which offers admin tools for independent hotels and B&Bs, raises a $30M Series A led by Eight Roads
Natasha Lomas / TechCrunch :
French startup Sweep, which develops carbon management tools and helps companies model emissions, raises a $73M Series B led by Coatue
Freya Pratty / Sifted :
Activision Blizzard will let individual studios make the final call on a vaccine mandate for returning to the office, after some employees protested its lifting
Nicole Carpenter / Polygon :
Research: RT en Español is the third-most shared site on Twitter for Spanish-language info about Russia's invasion and in March saw a boost in Facebook likes
Associated Press : Tweets: @alirogin , @eliothiggins , @abcpolitics , @nickknudsenus , and @razhael Tweets: Ali Rogin / @alirogin : Fascinating, and scary: Russia is focusing its disinformation effor...
Fortnite raises $144M for Ukraine relief, two weeks after Epic Games said all of its and Microsoft's proceeds from the game would go to humanitarian efforts
Andrew Webster / The Verge :
Sequoia names veteran investor and PayPal alum Roelof Botha as Senior Steward effective July 5, replacing Doug Leone, who will remain as a GP of existing funds
it's 2022 and their mandatory retirement age is 65. Knowledge workers ought to value the knowledge older workers bring. https://www.wsj.com/... https://twitter.com/... James Ho / @jamesjho_ : Sequoia ...
Tinybird, which runs real-time analytics APIs for companies, raises a $37M Series A led by CRV and Singular Ventures
Romain Dillet / TechCrunch :
Clarify Health, which offers a healthcare analytics service with data on 300M+ Americans, raises a $150M Series D, sources say at a $1.4B valuation
Michelle F Davis / Bloomberg :
Roku and Amazon extend their distribution agreement, letting users continue to access Prime Video and IMDb TV apps on their Roku devices; Roku stock is up 7.19%
Etan Vlessing / Hollywood Reporter :
Gemini: nearly half of 30K+ cryptocurrency owners surveyed in the US, Latin America, and Asia Pacific purchased the digital assets for the first time in 2021
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