TECH NEWS
Friday, 6 May 2022
A California federal judge dismisses Donald Trump's lawsuit seeking to lift his ban from Twitter but may allow an amended complaint to be filed against Twitter (Dan Mangan/CNBC)
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SEC filing: Voodoo PC founder Rahul Sood's Irreverent Labs, which recently released the NFT robot cock fighting game MechaFightClub, raised $40M (Dean Takahashi/VentureBeat)
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Some ex-TikTok staff in the US talk about extremely long hours, lack of work-life boundaries, and secrecy that they say is to a degree uncommon in the industry (Wall Street Journal)
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US sanctions cryptocurrency mixer Blender.io for allegedly laundering $20.5M from the Axie Infinity hack, making it the first mixer to be sanctioned by the US (Joe Warminsky/The Record)
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Thursday, 5 May 2022
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 (Jordan Novet/CNBC)
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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 (Natasha Mascarenhas/TechCrunch)
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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 (Dan Primack/Axios)
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