Filing: Elon Musk raises $7.14B for his Twitter bid from Saudi Prince Alwaleed, Larry Ellison, Sequoia, VyCapital, Binance, a16z, and others; Ellison gives $1B
Elon Musk on Thursday disclosed a group of co-investors in his Twitter takeover. The names are impressive, but most of their check sizes aren't. Source: SEC.gov .
Whistleblowers: Meta deliberately took down Pages for hospitals and other Australian institutions in 2021 as a negotiating tactic over the news bargaining law
When Facebook blocked news pages last year to pre-empt Australian legislation that would force it to pay for content …
Sources: China has ordered government agencies and state-backed companies to replace foreign PCs with domestic ones running local OSes in two years
China has ordered central government agencies and state-backed corporations to replace foreign-branded personal computers with domestic alternatives within …
The UK's DCMS plans to give the Digital Markets Unit powers to clamp down on Big Tech's “predatory practices”, following reports the UK shelved such plans
Large tech companies such as Google and Facebook will have to abide by new competition rules in the UK or risk facing huge fines, the government said.
SEC says Nvidia has agreed to pay $5.5M to settle charges of “inadequate disclosures” concerning the impact of cryptomining on its gaming business in FY 2018
The U.S. Securities and Exchange Commission said Friday it had settled charges against technology company Nvidia Corporation …
Elon Musk's hate for ads conflicts with Twitter's business model, as ad execs say they will move spending elsewhere if the company relaxes content moderation
Amazon stock closes down ~8%, Meta ~7%, Apple ~6%, Alphabet ~5%, and Microsoft ~4% as a Big Tech selloff pushes the Nasdaq to its steepest drop since June 2020
- Cloud and e-commerce stocks were among the biggest losers on Thursday on disappointing earnings reports and after the U.S. central bank raised interest rates.
Microsoft partners with Epic to offer Fortnite for free through Xbox Cloud Gaming, with or without a subscription, across Android, iOS, iPadOS, and Windows PCs
Ian Sherr / CNET :
The CFTC orders BitMEX's three cofounders to pay $10M each for not registering with the agency, and failing to implement anti-money laundering and KYC checks
The Commodity Futures Trading Commission (CFTC) has hit the founders of crypto exchange BitMEX with a total of $30 million in civil monetary penalties.
Legal experts say Musk's new funding for Twitter could draw scrutiny from CFIUS for potential national security risks, the kind that TikTok faced
Elon Musk's decision to accept some foreign investors as part of his $44 billion buyout of Twitter Inc (TWTR.N) runs the risk of inviting …
Apple, Google, and Microsoft plan to offer the FIDO Alliance's passwordless tech on websites and apps, using fingerprint readers, face scanners, and smartphones
a perfect time to think about passkeys. https://www.apple.com/... @can : some dreams come true https://twitter.com/... @k8em0 : This is a true game changer in security https://twitter.com/... Barry Do...
Untamed Planet, which uses Roblox to create nature-themed games incorporating NFTs, raises a $24.3M Series A led by Animoca Brands
Untamed Planet, a blockchain-based gaming startup, raised $24.3 million in a Series A funding round led by Animoca Brands.
Block Q1: revenue down 22% YoY to $3.96B, vs. $4.1B est., profit up 34% YoY to $1.29B, and Cash App bitcoin revenue down 51% YoY to $1.73B; stock is down 5%+
Fintech and digital payments giant Block Inc. (SQ) reported first-quarter earnings that missed analyst expectations on Thursday …
Spotify Stations, the service's lightweight listening app first launched in 2018 offering easy access to curated playlists, is shutting down on May 16
Spotify Stations, the streaming service's lightweight listening app offering easy access to curated playlists, is shutting down on May 16.
Shopify reports Q1 revenue up 22% YoY to $1.2B, below $1.25B est., and GMV up 16% YoY to $43.2B; Shopify acquires Deliverr for $2.1B; stock closes down 14.92%
Stefanie Marotta / Bloomberg :
Sources say the UK is delaying Revolut's banking license over concerns about its crypto trading service and whether it can tackle money laundering and fraud
Nikolay Storonsky, once a championship swimmer in his native Russia, doesn't like to hang around in the slow lane.
Some former and current staff of esports companies TSM and Blitz allege workplace abuse and a “culture of fear” fostered by their CEO Andy Dinh
Mikhail Klimentov / Washington Post :
AMD launches several C-series Ryzen 5000 CPUs designed for Chrome OS, starting with the Acer Chromebook Spin 514, the HP Elite c645 G2 Chromebook, and others
Kris Holt / Engadget :
DoorDash Q1: revenue up 35% YoY to $1.46B, vs. $1.38B est., 404M orders, up 23% YoY, gross order value up 25% to $12.4B, vs. $11.7B est.; stock is down 10%+
Jackie Davalos / Bloomberg :
Pachama, which uses AI and remote sensing to verify forest carbon credits, raises a $55M Series B led by Future Positive
Sources: an Indian court puts a hold on the Enforcement Directorate's decision last week to seize $725M of Xiaomi's local assets
An Indian court has put on hold a federal enforcement agency's decision to seize $725 million from local bank accounts of China's Xiaomi Corp (1810.HK) … Tweets: @adityakalra Tweets: Aditya Kalra / @a...
Google's cloud unit forms a new group, led by former Citigroup executive James Tromans, to provide developers with tools to build Web3 apps
- Former Citigroup executive James Tromans will lead the new Google group that will build services to help developers construct Web3 applications. Tweets: @jordannovet Tweets: Jordan Novet / @jordanno...
US-based MaxLinear, which makes broadband communication chips, plans to acquire Taiwan's Silicon Motion, which makes NAND flash controllers for SSDs, for $3.8B
Bloomberg :
An interview with a part-time employee who earns $10/hour at RaterLabs, a Google subcontractor evaluating search and ad-placement results for accuracy
Alexandra Garfinkle / Yahoo Finance :
Lev, whose marketplace uses AI to help borrowers compare and source commercial real estate financing, raises a $70M Series B, sources say at a $400M valuation
T.P. Yeatts / The Real Deal New York :
Curebase, which manages software and hardware for distributed clinical trials, raises a $40M Series B led by Industry Ventures
physical and digital — for distributed clinical trials, accelerating quality medical innovations to patients through more efficient clinical studies: https://techcrunch.com/...
Luna Foundation Guard acquires $1.5B in bitcoin to bolster the reserves of its most popular stablecoin US Terra, bringing its holding to about ~$3.5B in bitcoin
Latin American e-commerce site MercadoLibre reports Q1 revenue up 63% YoY to $2.2B, vs. $2B est., and gross merchandise volume up 27% YoY to $7.7B
Bloomberg :
Sources: On Deck, which connects founders with capital and advice, laid off 25% of its staff, or ~72 people, after raising ~$40M of a planned $100M-$150M fund
DM me. https://twitter.com/... @sarthakgh : Personal news I was one of the people let go. Startup life is tough! Most journeys are not up and to the right My most recent role was working with early st...
Retail crypto exchange Crypto.com says it now has over 50M users, up 5x from late 2020, and expects to hit 100M users by year-end
Dan Primack / Axios : Tweets: @danprimack Tweets: Dan Primack / @danprimack : https://crypto.com/ is gonna get a lot of attn this weekend, as title sponsor of the big F1 race in Miami. We've got excl...
Zora, which offers an open-source NFT marketplace protocol, raises a $50M seed at a $600M valuation led by Haun Ventures, Katie Haun's new crypto fund
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
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.