Apple will raise the hourly pay for US workers to $22, up 45% from 2018, amid inflation and a unionization push; US starting salaries are also expected to rise
The iPhone maker faces store unionization attempts, higher inflation — Apple Inc. AAPL .11%▲ is boosting pay …
Leaked video: Apple SVP of Retail + People Deirdre O'Brien tells employees that joining a union would make it harder for Apple to improve working conditions
Starbucks, Apple — and are considered to be progressive turn into full on Republicans the moment there's a chance those workers might get some leverage to influence their working conditions. @infrophe...
Twitter agrees to pay $150M to the FTC, settling allegations that it misrepresented the “security and privacy” of user data between May 2013 and September 2019
Twitter Inc (TWTR.N) has settled with U.S. authorities over allegations it misrepresented the “security and privacy” … Source: Federal Trade Commission .
Broadcom announces plans to acquire VMware for around $61B in cash and stock, paying $142.50 per share, and will assume VMware's $8B in net debt
May 26 (Reuters) - Broadcom Inc (AVGO.O) said on Thursday it will buy cloud service provider VMware Inc (VMW.N) in a $61 billion cash-and-stock deal … Source: Broadcom Inc. .
Binance, FTX, Crypto.com, Bitfinex, and other exchanges have pledged support for Do Kwon's Terra 2.0, set to launch on Friday by airdropping tokens
Cryptocurrency exchanges have pledged support to Terra's upcoming relaunch, following the passing of a proposal to launch a new blockchain.
Sources: Apple plans to keep iPhone production in 2022 at ~220M, about the same as 2021, compared to ~240M market forecasts, amid inflation and a tough market
Apple Inc. is planning to keep iPhone production roughly flat in 2022, a conservative stance as the year turns increasingly challenging for the smartphone industry.
Filing: Elon Musk plans to provide an additional $6.25B in equity financing for his Twitter buyout, boosting his commitment to $33.5B; Twitter's stock rises 5%+
A new filing reveals that Elon Musk plans to front $33.5 billion in his bid to take over Twitter. Source: U.S. Securities … .
Q&A with Epic CEO Tim Sweeney on creating the metaverse, growing the Unreal Engine, Apple and Google's app store policies, Meta's metaverse plans, and more
Online game Fortnite is arguably the closest thing to the metaverse that exists today. Some 70mn gamers immerse themselves …
Bolt Financial laid off 185 employees, or about one-third of its workforce, a few of whom will have to pay back loans they took from the company within 90 days
One-click checkout company Bolt Financial yesterday laid off 185 employees, or approximately one-third of its workforce …
Sony says it plans to ramp up PlayStation 5 production and signals a radical broadening of its game portfolio, including more titles on PC and mobile
Sony Group Corp (6758.T) said it plans to ramp up production of its PlayStation 5 console as supply chain snarls ease and signalled …
Sources: one-click checkout service Bolt has laid off 100+ employees across go-to-market, sales, and recruiting roles amid slowing revenue and customer growth
One-click checkout startup Bolt has laid off at least 100 employees and counting across go-to-market, sales and recruiting roles, sources say.Source:Bolt.
Jack Dorsey leaves Twitter's board of directors, effective today; Dorsey has discussed rolling over his 2.4% Twitter stake into Elon Musk's takeover deal
Dan Primack / Axios :
Interviews with former and current Microsoft employees suggest a widespread pattern of executive misconduct persists, years after Satya Nadella vowed to end it
The Microsoft executive walked into the small, windowless room in Studio C at about 8 o'clock that evening.
Oura partners with Gucci on the Gucci x Oura Ring wearable, letting users monitor heart rate, sleep, and more, available at select stores for $1,100
Oura, the startup that's pushing the limits of how small a wearable can be, just announced a collaboration that could boost its profile considerably.
The UK's CMA opens an investigation into whether Google illegally favored its own ad tech exchange services and excluded rivals
The UK's antitrust watchdog started a new investigation of Alphabet Inc.'s Google, over suspicions it may have abused its dominant position across its ad tech …
Twitter shareholders vote to remove Silver Lake co-CEO Egon Durban from the company's board; Durban is a long-time business associate and backer of Elon Musk
Cloud security company Lacework, which said in March that it has 1,000 employees, lays off 20% of its workforce; the company last raised $1.3B in November 2021
A well-funded startup in the cybersecurity industry, Lacework, has become the latest tech firm to disclose a major round …
A profile of Stripe's John and Patrick Collison; sources say the startup's gross revenue rose 60% YoY to nearly $12B in 2021 as net revenue reached almost $2.5B
Billionaire brothers John and Patrick Collison built Stripe into one of the world's most-hyped, highest valued — and profitable! — startups, worth some $95 billion. Tweets: @alexrkonrad , @narasimhaka...
Andreessen Horowitz announces a $4.5B crypto fund, its fourth and largest so far, allocating about $1.5B for seed investments and $3B for venture investments
Since the advent of computing in the 1940s, there has been a major computing …
Some hotels are looking to guarantee bookings revenue by partnering with startups like Pinktada that convert stays into NFTs to be bought and sold by guests
NFTs also are being used to raise capital to buy golf courses or land, giving token buyers a stake in the projects Tweets: @maxwellstrachan , @tante , @thekafkadude , @eden_holdings , @xenollamas , @m...
At its annual meeting, Amazon shareholders approve Andy Jassy's $212M pay package and vote down 15 proposals on unionization, the environment, and more
At its annual meeting for shareholders, Amazon's investors approved a more than $212 million payout for CEO Andy Jassy and voted …
Fleet management software provider Motive, formerly called KeepTruckin, raises a $150M Series F led by Insight and Kleiner Perkins at a $2.85B valuation
Motive raised $150 million to invest in products aimed at the “safety, productivity and profitability” of businesses.
A 51-page Senate committee report warns that the US government lacks comprehensive data on ransomware attacks and payments and suffers from fragmented reporting
Liam Tung / ZDNet : Source: Homeland Security and Governmental Affairs Committee .
Microsoft will slow hiring in Windows, Office, and Teams groups, citing a need to realign staffing priorities; all new hires must be approved by EVP Rajesh Jha
Microsoft Corp. will slow hiring in its Windows, Office and Teams chat and conferencing software groups, citing a need …
Alibaba beats estimates as Q4 revenue rose 9% YoY to ~$30.3B, the second straight quarter of single-digit growth, and its net loss reached ~$2.4B
Coco Liu / Bloomberg :
The tech market collapse, aided by macroeconomic forces, is an opportunity to reckon with inflated valuations, overzealous VCs, and the rise of crypto startups
Over the past half-century, Silicon Valley has toggled between two similar-sounding pursuits that are often in conflict: wealth creation and moneymaking. Tweets: @bradstone , @thestalwart , @hharrisem...
Luminar hires CJ Moore, a manager on Apple's car project who joined in August 2021 from Tesla where he was an Autopilot director, to lead software development
Encrypted email service ProtonMail rebrands itself as Proton, and unifies its calendar, storage, and VPN products under Free, Mail Plus, and Unlimited plans
Nvidia reports Q1 revenue up 46% YoY to $8.29B, including Data Center up 83% to $3.75B and Gaming up 31% to $3.62B, forecasts Q2 below estimates; stock down 5%+
Here's Why the Stock Could Be a Solid Buy Wallace Witkowski / MarketWatch : Nvidia stock drops as China COVID shutdowns weaken outlook Tweets: Mark Tepper / @marktepperswp : Another company is slowing...
Peter Thiel steps down from Meta's board, which he joined in 2005 after investing $500K; Meta announced in February 2022 that Thiel would be leaving
Issie Lapowsky / Protocol :
Lenovo beats estimates with $412M in Q4 profit, up 58% YoY, on $16.7B revenue, up 6.8% YoY; Counterpoint: Lenovo led global PC market in Q1 with 23% marketshare
Josh Ye / Reuters :
Baidu beats estimates as Q1 revenue rose 1% YoY to ~$4.2B but misses with a ~$131.5M net loss, amid a shift into AI and supplying tech to others
Zheping Huang / Bloomberg :
Snowflake stock drops 10%+ on weak Q2 growth guidance after reporting Q1 product revenue rose 84% YoY to $394M and a net loss of $166M, down from $203M YoY
Brody Ford / Bloomberg :
Sources: a bipartisan bill that would stop platforms from favoring their own products is facing resistance from some Senate Democrats worried about the midterms
Politico : Tweets: @mpetricone , @adamcancryn , @tomhebertdc , @johndavisson , @adamcancryn , @karlbode , @reckless , @zacharyleelee , @pathedger18 , @senatorshoshana , @tomhebertdc , @birnbaum_e , @...
Data.ai and IDC: consumer spending on video games will hit $222B globally in 2022, with mobile gaming accounting for more than 61% of the total
Brendan Sinclair / GamesIndustry.biz :
Zip, whose cloud SaaS product lets businesses simplify their internal procurement process, raises a $43M Series B led by YC Continuity at a $1.2B valuation
Mary Ann Azevedo / TechCrunch :
Ripple's CEO says the company will explore an IPO once its lawsuit with the SEC ends and that its cross-border payments volume was up 700% YoY to $8B in Q1 2022
UK-based Bloom, which uses AI to offer e-commerce startups revenue-based loans, raises a £300M Series A led by Credo and Fortress, bringing its funding to £307M
Mike Butcher / TechCrunch :
The UK orders a security review of chipmaker Newport Wafer Fab's sale to Nexperia, the Dutch subsidiary of China's Wingtech, after reportedly not intervening
Chad Bray / South China Morning Post : Source: GOV.UK .
Assembled, a workforce management service for customer support teams, raises a $51M Series B led by New Enterprise Associates, taking its total funding to $71M
Kyle Wiggers / TechCrunch :
Google starts rolling out ads in YouTube Shorts globally and says advertisers will be able to make their video ads on Shorts more shoppable later in 2022
Airspace, a logistics startup that uses AI to optimize time-critical deliveries globally, raises $70M led by DBL Partners, bringing its total funding to $138M
Eric Rosenbaum / CNBC :
DeFi startup Common, which develops a DAO community management service called Commonwealth, raises $20M from Spark, Polychain, Jump, Wintermute, and others
Kate Irwin / Decrypt :
A look at Google's renewed push into e-commerce, led by SVP Prabhakar Raghavan, positioning itself as a kind of anti-Amazon, which has long dominated the sector
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.