Filing: Elon Musk secures $7.14B for his Twitter bid from Larry Ellison, Binance, Sequoia, a16z, Saudi Prince Alwaleed, Fidelity, and others; Ellison gives $1B
Tesla chief raises $7bn from new investors for takeover of social media platform — Elon Musk has revealed that he has raised $7.14bn … Source: SEC.gov .
Google acquires Raxium, which makes MicroLED displays well-suited for AR and VR; Raxium says its tech is 5x more energy efficient than the previous world record
Raxium claims its display tech is five times more efficient than the current world record holder
The White House instructs federal agencies to increase preparations in the next six months for quantum computers capable of breaking public-key cryptography
A memorandum issued Wednesday by President Joe Biden orders federal agencies to ramp up preparations for a day when quantum computers … Source: The White House .
Filing: Elon Musk's new $7.14B in equity financing for Twitter, which includes investment from Qatar, reduces the margin loan from $12.5B to $6.25B
Elon Musk has secured about $7.1 billion of new financing commitments for his proposed $44 billion takeover of Twitter Inc., the company said in a filing Thursday.
Sources: Elon Musk is expected to serve as the temporary CEO of Twitter after acquiring the company
- Elon Musk is expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media company, according to CNBC's David Faber.
Cybereason: China-linked Winnti APT exfiltrated hundreds of GBs of IP in a cyber campaign targeting ~30 companies in North America, Europe, and Asia since 2019
A yearslong malicious cyber operation spearheaded by the notorious Chinese state actor, APT 41, has siphoned off an estimated trillions … Source: Cybereason .
Apple, Google, and Microsoft announce plans to adopt features from the FIDO Alliance, which is working on passwordless tech for websites and apps
Ian Sherr — Ian Sherr (he/him/his) grew up in the San Francisco Bay Area, so he's always had a connection to the tech world.
At Wednesday's Senate hearing, CrowdTangle's Brandon Silverman and other researchers explained why the US needs laws requiring Big Tech companies to share data
Everyone wants answers about social networks. These experts know where to look — On Wednesday, Congress was treated …
IC3 says there were 241K+ reports of business email compromise scams globally from June 2016 to July 2019, totaling $43B+ in actual and attempted losses
The Federal Bureau of Investigation (FBI) said today that the amount of money lost to business email compromise (BEC) …
AMD launches several C-series Ryzen 5000 CPUs for Chromebooks, starting with the Acer Chromebook Spin 514, HP Elite c645 G2 Chromebook, and others
AMD has at last made chips with its Zen 3 architecture for higher-end Chromebooks. It created several C-series Ryzen 5000 processors that are designed for Chrome OS.
Meta plans to slow hiring amid record low revenue growth; source: Meta paused entry-level hiring and plans to stop or slow hiring for mid-level and senior roles
- Facebook's parent company sees challenges ahead because of Apple's privacy changes, the war in Ukraine and broad macroeconomic shifts.
Cameo lays off 87 staff; source says CTO Rob Post, marketing exec Emily Boschwitz, CPO Nundu Janakiram, and Chief People Officer Melanie Steinbach have gone
Cameo, the celebrity video greetings startup, laid off 87 of staffers Wednesday, a move that CEO Steven Galanis described as “right-sizing.”
Sources: in a meeting, Twitter's VP of product appealed to a sense of community to persuade skeptical staff to stay under Musk; one slide asked: “Why Bother?”
At a Twitter Inc. staff meeting Wednesday morning, the first slide of a presentation asked a question on the minds of many employees: “Why Bother?”
Twitter's open source Bluesky unit releases early code for a decentralized social network protocol, dubbed Authenticated Data Experiment, for developers to test
It's called the Authenticated Data Experiment — Bluesky, Twitter's open-source offshoot, has released early code for a decentralized social network protocol.
At the Digital Content NewFronts, Twitter aimed to reassure anxious advertisers by highlighting partnerships for brand-safe, premium content, especially video
Sarah Perez / TechCrunch :
Survey of 1,800 households in El Salvador shows 61% have abandoned the Chivo bitcoin wallet after withdrawing a free $30 sign-up bonus
Those who stayed are not on the Chivo app for what was intended, using it to keep their dollars safe rather than for crypto. — • BOGOTÁ, COLOMBIA Tweets: @antoniocasilli , @cengizyar , @mikebutcher ...
Shopify reports Q1 revenue rose 22% YoY to $1.2B, below expectations, as GMV grew 16% YoY to $43.2B; Shopify will acquire Deliverr for $2.1B; stock drops 10%+
Shopify Inc. shares plunged to the lowest since April 2020 after it missed analysts' profit estimates and announced the largest acquisition …
Iceland-based Sidekick Health, which offers a gamified, digital-first care service, raises a $55M Series B led by Novator Ventures
Digital therapeutics plus pills? Iceland's Sidekick Health has developed a gamified digital care platform that's designed to support healthcare outcomes …
Ukrainian officials say Russia has taken over internet infrastructure in the Donbas region, rerouting traffic to Russia-controlled operators
Rerouting traffic to Russia-controlled regions makes Ukrainians' data vulnerable to interception and censorship by the Kremlin
Intuit agrees to pay $141M in restitution to nearly 4.4M US customers charged for using the TurboTax Free Edition, in a settlement with all 50 states and DC
Greg Iacurci / CNBC :
NYC employees' pension funds sue Activision Blizzard, alleging CEO Bobby Kotick rushed the Microsoft deal to escape liability for misconduct at his company
and that the deal was rushed to get him and the board out of danger of lawsuits over how they handled misconduct at the company Details, complaint at the link https://www.axios.com/... @gibiz : “Given...
Sources: Sonos plans to launch a voice assistant for playing music in the US on June 1 that supports Apple Music, Amazon Music, Pandora, Deezer, and Sonos Radio
Chris Welch / The Verge :
Luna Foundation Guard acquires $1.5B in bitcoin to bolster the reserves of US Terra, its most popular stablecoin, bringing its bitcoin holding to ~$3.5B
The Luna Foundation Guard has acquired $1.5 billion in bitcoin to bolster the reserves of its most popular stablecoin, known as U.S. Terra.
Canadian digital bank Neo Financial raises a CAD$185M Series C at a CAD$1B+ valuation, bringing its total funding to CAD$299M, and says it has 1M+ customers
Canadian digital bank Neo Financial has raised $145.2 million (CAN$185 million) after surpassing the 1 million customer mark, the company announced today.
Alan, which offers personalized mental health programs through its app, raises a €183M Series E led by Canadian Teachers Venture Growth at a €2.7B valuation
Alan, unlike many other big healthtech startups in Europe like Kry/Livi and Ada Health, has companies as its customers.
Coinbase opens its new NFT marketplace in beta to everyone; Dune Analytics: the site recorded fewer than 110 transactions and less than $60K sales in five hours
Olga Kharif / Bloomberg :
Stripe launches Financial Connections to let its customers pull their users' banking data directly, debuting first in the US for $0.10 to $1.50 per API call
Ingrid Lunden / TechCrunch :
David Walden, who helped build the Interface Message Processor that switched data among computers using the Arpanet, the precursor to the internet, died at 79
Katie Hafner / New York Times : Tweets: @philiped and @nytimestech Tweets: Philip Elmer-DeWitt / @philiped : Never met Walden, but interested to see that he was hired at BBN the same year I was. Davi...
A look at the rise of buy now, pay later services, driven by social media and Gen Z, and the risks involved; Afterpay says 73% of Gen Z purchases are fashion
and they've already won over Gen Z. I dug deep into this lucrative world for @sfgate. https://www.sfgate.com/... Eric Ting / @_ericting : This story from @joshua_bote on the proliferation of “buy now,...
Governor Newsom signs an EO to “create a transparent regulatory and business environment for Web3 companies”, directing state agencies to recommend next steps
and saw the jobs and companies that emerged here in CA and throughout the US — proud to see @GavinNewsom leading on Web3 https://www.gov.ca.gov/... Jake Snow / @snowjake : This is a good example of le...
GitHub plans to require two-factor authentication for developers who contribute code by the end of 2023; ~16.5% of active GitHub users currently use 2FA
Robinhood launches Stock Lending, which gives retail investors the option to let Robinhood lend out any fully paid stocks in their portfolio for extra income
TikTok plans to launch Pulse, its first ad product with revenue sharing, in June 2022, offering US creators and publishers with 100K+ followers a 50/50 split
France becomes the first major European nation to grant regulatory approval for Binance, after a backlash from UK, Italy, and Singapore regulators in 2021
Ryan Browne / CNBC :
Fictiv, which offers tools to predict manufacturing costs and other variables, raises a $100M Series E led by Activate, bringing its total funding to $192M
Brian Heater / TechCrunch :
Google will shut down YouTube Go, the lightweight Android app first launched in 2016, beginning in August 2022, citing improvements to the main YouTube app
Aisha Malik / TechCrunch :
The SEC adds JD.com, Pinduoduo, Bilibili, and NetEase to a list of Chinese companies facing delisting from US exchanges due to noncompliance with auditing rules
Sabahatjahan Contractor / Reuters :
Germany-based HiveMQ, which helps companies connect and move data from their IoT devices to the cloud, raises a €40M Series A led by Molten Capital
Dan Taylor / Tech.eu :
A look at the crypto promotion market, where paid influencers and middlemen like Dapp Centre coordinate campaigns that sometimes push the limits of US law
because it's not always disclosed—but many influencers posting about this or that cryptocurrency going 🚀 to the moon 🚀 are paid to do so: https://www.vice.com/... Edward Ongweso Jr / @bigblackjacobin ...
NYSE-parent ICE plans to acquire mortgage-lending software and data analytics firm Black Knight for $13.1B; Black Knight's stock closed up 14.47%
Dish launches its standalone 5G service in Las Vegas, eight months after its planned September 2021 debut, for $30/month and plans to reach 120 markets by June
Eva Mathews / Reuters :
Etsy reports Q1 revenue up 5.2% YoY to $579M, vs $576M est., and offers Q2 revenue guidance of $540M to $590M, below $627M est.; stock drops 10%+
Jeremy C. Owens / MarketWatch :
A Q&A with Tony Fadell on his new book, Google's “culture of perks”, why he says “fuck the metaverse”, creating and selling the iPod, iPhone, and Nest, and more
eBay reports Q1 revenue down 6% YoY to $2.5B, GMV down 20% YoY to $19.4B, 142M active buyers, down 13%, and Q2 guidance below estimates; stock drops 6%+
Google removed 3.4B ads and 5.6M+ advertiser accounts in 2021, after implementing a three-strikes rule for deceitful practices, dangerous products, and more
Twilio Q1: revenue up 48% YoY to $875.4M, a $217.8M loss from operations, vs $197.3M YoY, 268K active customer accounts, up from 235K YoY, and slowing Q2 growth
Shopify's new AI commerce stack
Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
Protecting your Cloud Applications Data
Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.