Elon Musk says his Twitter deal is “temporarily on hold” pending a review of “spam/fake accounts”, but he is “still committed to acquisition”; stock drops 5%+
Elon Musk said on Friday his $44-billion deal for Twitter Inc (TWTR.N) was temporarily on hold … Source: @elonmusk and @elonmusk .
Terraform Labs halts Terra block production for the second time in 24 hours “to come up with a plan to reconstitute” the network, after UST and LUNA collapsed
The blockchain behind the collapsed TerraUSD stablecoin and the affiliated Luna token stopped processing new transactions for the second time in less than a day. Source: @terra_money .
After UST's collapse, most rival algorithmic stablecoins are below their dollar peg; the biggest non-algorithmic stablecoins USDT and USDC are mostly holding
there is no path forward at this point. I would call it — Game Over. I believe as large as these two projects were — there will be a huge investigation and legal actions will be taken similar to the “...
In a memo, Twitter CEO Parag Agrawal announces a hiring freeze and other cost-cutting efforts; VP of product Jay Sullivan will take over as head of product
Elon Musk's deal is looking wobbly, and the CEO just fired his top two lieutenants Rob Quinn / Newser : Elon Musk Says Twitter Deal Is ‘Temporarily on Hold’ Charlesarthur / The Overspill : Start Up No...
In an email, Jason Calacanis says he is “collecting interest to invest in Twitter” as part of Elon Musk's buyout; the minimum investment to participate is $250K
> real sentence from this email Will Oremus / @willoremus : @kayvz @paraga It seems Parag fired Beykpour while he was on paternity leave. But also, Elon Musk staged his takeover bid while Parag was on...
Arm reports record 2021 revenue, up 35% YoY to $2.7B, due to licensing up 61% YoY to $1.13B and royalties up 20% YoY to $1.54B; 29.2B ARM chips shipped in 2021
SoftBank Group Corp's(9984.T) chip technology firm Arm Ltd on Thursday reported record revenue for 2021, and Chief Executive …
The DEA is investigating reports that hackers gained access to its Law Enforcement Inquiry and Alerts system that taps into 16 federal law enforcement databases
The U.S. Drug Enforcement Administration (DEA) says it is investigating reports that hackers gained unauthorized access …
Mark Zuckerberg demos mixed reality on Meta's Project Cambria headset; Meta will enable MR app development for Quest 2 and Cambria via its Presence Platform
could it be a new pet simulator? Manu / Noticias Tech : Zuckerberg muestra los auriculares VR 🥽, congelación de contratación de Twitter 🐦, lecciones de inicio no obvias 💡 Maggie Tillman / Pocket-lint ...
Hollywood insiders explain celebrities' decreased interest in Twitter, seen as a high-risk, low-reward platform, and why Musk's ownership might make it worse
Elon Musk was right that Twitter's most popular accounts have gone quieter over the years. Hollywood insiders explain what happened …
Terra's LUNA drops to $0.01, a 99%+ decline in 24 hours, down from $60 earlier this week and $120 in mid-April, after Terra's UST stablecoin lost its dollar peg
Coinbase's market cap falls to $12.98B from a $75B+ peak in 2021 as its stock closes at $58.50, far below its first day closing price of $328.28 in April 2021
Coinbase Global Inc. has declined precipitously this year, largely mimicking the drop in Bitcoin prices and taking its market value …
Some local officials forced US schools and libraries to shut down or limit e-reader apps like Epic and OverDrive after conservative parents objected to content
E-reader apps that became lifelines for students during the pandemic are now in the crossfire of a culture war raging over books in schools and public libraries. Tweets: @natashaturak , @cindyotis_ , ...
Masayoshi Son says SoftBank plans to cut its startup investments by 50%-75% through March 2023, after Vision Fund reported a $20B+ loss for its fiscal year
Japanese conglomerate SoftBank is severely cutting its planned startup investments through next March, Chief Executive Masayoshi Son said in a Thursday earnings call.
Leaked memo: Apple is sending anti-union talking points to US retail store leaders, including that workers could lose “flexibility” and merit-based promotions
Lauren Kaori Gurley / VICE :
Swiggy plans to acquire Dineout, a Times Internet-owned service for restaurant table reservations and events, a source says for $200M in an all-equity deal
Swiggy has amassed millions of users, helping them order food and grocery online in India. The seven-year-old firm is now looking to reach those who go out to eat.
EU countries and parliament agree on cybersecurity rules requiring industries such as banking, energy, telecom, and transport to better protect their networks
Faced with a flurry of cyberattacks, the European Union is asking its critical sectors to harden their defenses.
If crypto continues to integrate into the real economy, cryptocurrency sell-offs could impact ordinary people, especially if there are runs on stablecoins
Programming note: Money Stuff will be off tomorrow, back on Monday. — Crypto — In 2008 the prices of some structured credit products built …
SEC filing: FTX CEO Sam Bankman-Fried bought a 7.6% stake, worth $648M, in Robinhood, calling it “an attractive investment”; Robinhood stock is up 19%+
Happy Friday Everyone! 👋 — Terra's unraveling has beat … Jordan Lyanchev / CryptoPotato : FTX's Sam Bankman-Fried Buys 7.6% Stake in Robinhood, HOOD Surges 23% Jose Montes de Oca / Newslit Daily : ...
Ex-Facebook crypto chief David Marcus launches Lightspark, a payments startup building on Bitcoin's Lightning network, backed by a16z, Paradigm, and others
Lucas Matney / TechCrunch :
Tether CTO Paolo Ardoino declines to reveal details about the company's $40B US government bond holdings, for fear of revealing its “secret sauce”
US states and local governments are backing off banning facial recognition, amid rising crime and increased lobbying from facial recognition developers
Paresh Dave / Reuters :
If Roe v. Wade is overturned, the enforcement of US laws should be seen as an urgent argument for strengthening encryption, not weakening it
Riana Pfefferkorn / Stanford CIS Blog : Tweets: @hipsterelectron , @decryption , and @christophera Tweets: @hipsterelectron : another bit that made my eyes widen: diffie-hellman key exchange was publ...
London-based Token.io, an open banking-based account-to-account payments service, raises a $40M Series C co-led by Cota Capital and TempoCap
The rise of digital payments has changed the nature of how people do business with each other; and open banking — a movement in banking where incumbents …
Google dodges sanctions after a US judge rules against the DOJ, which alleged that Google trains its staff to avoid legal discovery by copying counsel on emails
Peter Blumberg / Bloomberg :
PitchBook: 16 new VC funds with 60%+ female decision makers have raised $4.5B from January to April 2022; women-led funds raised $3.7B in 2021 and $1.8B in 2020
Mahira Dayal / The Information :
New York-based Solidus Labs, a crypto risk monitoring startup that also protects from DeFi threats, raises a $45M Series B led by Liberty City Ventures
Anushree Dave / The Block :
Google and Samsung announce Health Connect, an initiative to simplify connectivity between health and fitness apps and let users share their data across apps
Milan-based payments giant Nexi acquires Berlin-based Orderbird, which provides point of sale products to hospitality businesses, sources say for €130M to €140M
Ingrid Lunden / TechCrunch : Thanks: @ingridlunden
[Thread] Twitter product chief Kayvon Beykpour says he is leaving at the request of CEO Parag Agrawal, who wants to “take the team in a different direction”
Interrupting my paternity leave to share some final @twitter-related news: I'm leaving the company after over 7 years.More:Silicon Republic,TechCrunch, andPlatformerTweets:@kayvz,@caseynewton,@boo,@mi...
Spotify promotes Bill Simmons to oversee global sports strategy and Parcast founder and managing director Max Cutler to head of creator content and partnerships
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.