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Saturday, 30 April 2022
DeFi lender Rari Capital, which merged with Fei Protocol in December, loses ~$80M in a hack that exploited a reentrancy vulnerability in Rari's Fuse protocol (CoinDesk)
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Swvl, a booking platform for private buses that went public via a SPAC merger in March, acquires on-demand coach service Zeelo, sources say for ~$100M (Mike Butcher/TechCrunch)
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Sources: Google's upcoming Pixel Watch will be powered by a 300mAh battery and will support cellular connectivity (Abner Li/9to5Google)
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Experts raise concerns about the use of a predictive child welfare algorithm in Allegheny County, PA, and its potential to harden racial disparity in the system (Associated Press)
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A look at the challenges Apple is facing as it develops its own wireless modem, expected to replace Qualcomm chips in 2023 iPhones (Christopher Mims/Wall Street Journal)
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Friday, 29 April 2022
Intel CEO Pat Gelsinger says he expects "the overall semiconductor shortage will now drift into 2024" due to a lack of manufacturing equipment (Kevin Stankiewicz/CNBC)
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Instacart plans a strategy shift to sell software to grocers and show more ads in its app, as it risks becoming another pandemic boom company that has fizzled (New York Times)
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Sources: Peter Thiel, Jack Dorsey, and others who disliked Twitter's direction pushed Elon Musk to launch a bid; Musk is dismayed that Trump is still banned (Wall Street Journal)
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Anthropic, founded by ex-OpenAI VP of research Dario Amodei to explore large-scale AI systems, raises a $580M Series B led by FTX CEO Sam Bankman-Fried (Devin Coldewey/TechCrunch)
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Salesforce will extend California's Silenced No More Act protections, which limit the scope of NDAs, to all US employees by the end of 2022 (Issie Lapowsky/Protocol)
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Thursday, 28 April 2022
Amazon reports Q1 revenue up 7% YoY to $116.4B, $3.8B net loss vs. $8.1B net income in Q1 2021, and AWS revenue up 37% YoY; stock down 10%+ on weak Q2 guidance (Business Wire)
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Snap CEO Evan Spiegel dismisses Meta's metaverse ambitions as "ambiguous and hypothetical" and says the word "metaverse" is never uttered in Snap's offices (Alex Hern/The Guardian)
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Google launches the Privacy Sandbox Developer Preview based on Android 13, with an "early look" at the Topics API and SDK Runtime (Abner Li/9to5Google)
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Snap announces Pixy, a $230 mini-drone that can capture 2.7K videos, 12MP photos, syncs with Snapchat, and weighs 101g, available in the US and France (Romain Dillet/TechCrunch)
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A Microsoft support page shows it is testing the Microsoft Edge Secure Network, a built-in VPN-like service for Edge powered by Cloudflare (João Carrasqueira/XDA Developers)
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Wednesday, 27 April 2022
PayPal reports Q1 revenue of $6.48B, up 8% YoY, vs. $6.6B est., net income of $1.03B, down from $1.46B YoY, Total Payment Volume of $323B, up 15% YoY (Reuters)
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Qualcomm reports Q2 revenue of $11.16B, up 41% YoY, vs. $10.6B est., net income of $3.7B, up 68% YoY, and chip segment revenue of $9.55B, up 52% YoY (Kif Leswing/CNBC)
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Meta reports Q1 revenue of $27.9B, up 7% YoY, net income of $7.5B, down 21% YoY, Family of Apps daily active people of 2.87B, up 6% YoY; stock jumps 14%+ (Meta)
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Tuesday, 26 April 2022
Now that Elon Musk has signed a deal to take Twitter private, a look at what's next, including a shareholder vote, Musk gathering cash, and regulatory approvals (Matt Levine/Bloomberg)
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Twitter has aggressively defended users' privacy and free speech rights, pushing back on unmasking subpoenas; it's unclear if this will continue under Musk (Mike Masnick/Techdirt)
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Google launches privacy "nutrition labels" for Play Store apps; developers have until July 20 to disclose security practices and the data their apps collect (Sarah Perez/TechCrunch)
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Authentic Brands Group, which runs Forever 21, sues payments startup Bolt, saying it lost out on $150M+ in sales; Authentic is Bolt's most prominent customer (Lizette Chapman/Bloomberg)
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YouTube expands Super Thanks, the feature that lets viewers tip creators for individual videos, to eligible creators in 68 countries (Aisha Malik/TechCrunch)
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Monday, 25 April 2022
Twitter has entered into a definitive agreement to be acquired "by an entity wholly owned by Elon Musk", for $54.20/share in cash, in a deal valued at ~$44B (Lauren Feiner/CNBC)
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Twitter board agrees to $44bn takeover by Elon Musk Mr Musk, who made the shock bid just over a week ago, has claimed he can "unlock" the social media firm's potential. April 26, 2022 at 12:24AM
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Sources: SoftBank's stricter investment criteria has led to tepid continued support for some cash-strapped startups it has backed including camera startup Light (Bloomberg)
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A hacker stole millions of dollars' worth of NFTs via a phishing attack compromising Bored Ape Yacht Club's Instagram and promoting a malicious "mint" link (Osato Avan-Nomayo/The Block)
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Sunday, 24 April 2022
Apple, Amazon, and Google have turned to old union-busting tactics, like surveilling workers suspected of organizing, posting propaganda, and hiring consultants (Washington Post)
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Afghanistan: Taliban orders TikTok, PUBG ban for 'misleading' youths Access to the video-sharing app, along with online shooting game PUBG, will no longer be allowed. April 22, 2022 at 03:26PM
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Oracle patches a critical bug in Java 15 and above, which lets attackers forge TLS certificates and signatures, two-factor authentication messages, and more (Dan Goodin/Ars Technica)
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Sources: Twitter's board met Sunday to discuss Elon Musk's bid, which is being considered more seriously after Musk's filing detailed $46.5B in financing (New York Times)
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'My negative online review was blocked' Regulators are trying to clean up the murky truth in online reviews. April 24, 2022 at 06:00AM
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Reliance Industries calls off its $3.4B acquisition of core parts of Indian retail chain Future Group, following Amazon's legal fight against the deal (Manish Singh/TechCrunch)
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Robotaxi startup Pony.ai announces that it has received a license to operate 100 self-driving cars as traditional taxis in the Chinese city of Guangzhou (Evelyn Cheng/CNBC)
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What to expect for iPhone 14: 48MP wide-angle camera, pill-shaped and circular cutouts instead of a notch, and an A16 for Pro models, a larger 6.7" 14 Max (Mark Gurman/Bloomberg)
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Elon Musk's bid for Twitter appears to be about preserving Twitter as a means for himself and others to continue influencing vast audiences without interference (Kyle Chayka/New Yorker)
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