Some employees say that Musk sounded genuinely enthusiastic about owning and running Twitter, but the meeting reinforced their mostly negative beliefs about him
Musk says he has big plans for the company. Employees wonder how he'll achieve them
Sources: BlockFi was among the groups that liquidated at least some positions held by Three Arrows Capital, which failed to meet margin calls this past weekend
BlockFi was among a clutch of firms that liquidated the Singapore-based group's positions — Three Arrows Capital failed …
Snap is internally testing Snapchat Plus, a paid subscription service that will give users early access to exclusive, experimental, and pre-release features
It's currently in “early internal testing” — Snap is doing internal tests of a paid subscription called Snapchat Plus …
The UK publishes its final response to a data reform consultation to diverge from EU rules, including replacing cookie pop-ups with browser-based opt-outs
The UK government has published its final response to a data ‘reform’ consultation it kicked off last year, laying out how it intends …
Crypto hedge fund Three Arrows Capital is exploring options including asset sales and a rescue by another firm, and says it invested about $200M in Luna
Firm's founders say they still believe in the future of cryptocurrencies — Cryptocurrency-focused hedge fund Three Arrows Capital Ltd …
Sources: Elon Musk addressed Twitter employees for the first time since agreeing to buy the company in April, discussing potential layoffs, moderation, and more
here's why. Shalini Nagarajan / Blockworks : Elon Musk Teases Crypto Integration At His First Twitter All-Hands Abhishek Mishra / Fossbytes : Elon Musk's First Meeting With Twitter Employees Transcrip...
Sources: SpaceX fired employees who helped write and distribute an open letter calling Elon Musk's behavior “a frequent source of distraction and embarrassment”
In an email, Gwynne Shotwell, SpaceX's president, said the letter had made other employees “feel uncomfortable, intimidated and bullied.”
A group of Senate Democrats calls on the US Commerce Department to follow EU and develop a strategy to require a common charging port across all mobile devices
No more Lightning ports? — A group of Senate Democrats is calling on the US Commerce Department to follow Europe's lead …
Roku unveils an e-commerce deal with Walmart, allowing TV viewers to use remotes to shop during commercials and check out with Roku Pay; stock up 4% after hours
The pact could make TV streaming the next frontier in e-commerce shopping by blending entertainment and instant product purchases.
Roku raises its revenue share for ad-supported streaming channels from 40% to 45% and forces linear channels to use its ad insertion technology and CDN services
Hello! Welcome back to another edition of Lab Weekly. Mike Shields / Next in Marketing : Why is Facebook sitting out CTV? Tweets: @richlightshed : the power of being an Operating System #tvOSwars htt...
Sources: Klarna is in talks with investors about funding at a ~$15B valuation, down from its $45.6B valuation in June 2021; source: a deal could yield $500M+
The SoftBank-backed, buy-now-pay-later startup is discussing raising cash at a valuation around $15 billion, down from 2021's near $46 billion valuation
Prague-based online grocery delivery service Rohlik has raised a €220M Series D led by Sofina and says it had revenues of €500M in 2021
The salad days are over for many startups in the online food delivery sector. Following a long period of cash injections …
Microsoft debuts Defender for Individuals, an online security dashboard for PC, Mac, iOS, and Android, part of Microsoft 365 Family and Personal subscriptions
Microsoft is adding the Microsoft Defender for Individuals to its Microsoft 365 Personal and Family subscriptions.
Researchers connect an Indian police agency to hackers who planted evidence in 2018 on the PCs of human rights activists jailed on framed terrorism charges
Aidoc, which develops AI-based tools for radiologists to analyze CT scans and X-rays, has raised a $110M Series D, bringing its total funding to about $250M
Aidoc is on quite the hot streak. Aidoc is on quite the hot streak. Just about two months after racking up its ninth FDA clearance …
Hong Kong-based crypto lender Babel Finance says it has suspended withdrawals and redemptions due to “unusual liquidity pressures”
Oliver Knight / CoinDesk :
The White House launches a task force to examine whether existing federal laws are adequate to address online abuse and recommend changes by the end of 2022
Cat Zakrzewski / Washington Post :
Activision Blizzard says its internal review found there is “no widespread harassment, pattern or practice of harassment, or systemic harassment” at the company
Sources: China's central bank accepted Ant Group's application to set up a financial holding company, a key step in a year-long revamp of the fintech business
China's central bank has accepted Ant Group's application to set up a financial holding company, three people with knowledge of the matter said …
TikTok's global business solutions head says TikTok is an entertainment platform, not a social network like Facebook, and hasn't seen a slowdown in ad revenue
> Out of every 1,000 posts viewed on Facebook, how many, on average, include a link to a news site? Four. The saga of how Facebook has spent the past 7 years divorcing the news industry https://www.ni...
Discord announces the widespread availability of its built-in autonomous moderation tool AutoMod, and expands Premium Memberships to more eligible US servers
Jon Porter / The Verge :
Blockchain.com data: bitcoin's hash rate fell 4% since the start of the week, as the value of revenues paid to miners fell to its lowest level in nearly a year
Share prices of companies that validate crypto transactions have tumbled over the past month — Bitcoin miners are scaling …
VersusGame, a mobile app that lets content creators pose “prediction contests” to viewers for cash and prizes, has raised a $25M Series A
VersusGame announced it has raised $25 million in a new fundraising round. It plans to use the funding to develop its platform and staff, as well as augment its partnership efforts.
Boston-based Vendr, which helps companies manage SaaS purchasing, raised a $150M Series B at a $1B valuation led by Craft Ventures and SoftBank Vision Fund 2
getting you the best price quickly, without you having to negotiate a single deal: https://www.bloomberg.com/... Aaron Epstein / @aaron_epstein : So impressed with what @ryanRneu has built at @VendrHQ...
Some UK creators say they abandoned TikTok Shop's e-commerce program due to poor pay, long hours, and having to take flak for limited stock and shipping issues
Content creators say ‘livestream’ model means they earn less and now take flak for limited stock and shipping issues
Canadian telecom Telus plans to acquire Toronto-based digital health care and wellness services provider LifeWorks for CAD$2.3B, an ~80% premium on its stock
Bloomberg :
eBay plans to launch a beta of eBay Live, an interactive live shopping service, later in June 2022, starting with a livestream event to sell rare trading cards
Aisha Malik / TechCrunch :
New York City-based Transfr, which provides businesses with VR simulations for on-the-job worker training, raised a $35M Series B led by Lumos Capital Group
State securities regulators in Alabama, Kentucky, New Jersey, Texas, and Washington are investigating Celsius Network's decision to suspend customer redemptions
Hannah Lang / Reuters :
London-based Playermaker, whose footwear-mounted trackers monitor the performance of athletes of all skill levels, raised $40M led by Ventura Capital Group
Haje Jan Kamps / TechCrunch :
Lyft reaches a $25M settlement to resolve shareholder claims that it concealed safety problems, including sexual assault by drivers, before its March 2019 IPO
Adobe reports Q2 revenue up 14% YoY to $4.39B, vs. $4.34B est., Digital Media revenue up 15% YoY to $3.2B, and Digital Experience revenue up 17% YoY to $1.1B
Jordan Novet / CNBC :
Samsung merges its Pay and Pass apps to create Wallet, letting users organize ID cards, driver's license, house keys, boarding passes, and crypto, available now
Allison Johnson / The Verge :
HomeLight, which offers AI tools for home buyers, sellers, and real estate agents, raised a $115M Series D at a $1.7B valuation, $60M in equity and $55M in debt
Manya Saini / Reuters :
India-based FanClash, which lets users pick fantasy esports teams to compete with one another in its mobile app, raised a $40M Series B led by Alpha Wave Global
Manish Singh / TechCrunch :
Reddit plans to acquire Spell, a platform for running machine learning experiments founded in 2016 by a former Facebook engineer, for an undisclosed amount
Taylor Hatmaker / TechCrunch :
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.