T

Techmeme

www.techmeme.com
www.techmeme.com/feed.xml
Settings

Tech Web, page A1

Sources: despite Elon Musk's tweets, Twitter, Musk's team, and banks are continuing to work to close the deal, including preparing the 139-page SEC filing (Bloomberg)

Amazon launches Smart Commerce in India, helping stores create online storefronts and offering tools for billing and inventory management (Manish Singh/TechCrunch)

Tencent misses estimates with ~$20.1B in Q1 revenue, up 0% YoY, as net income dropped 51% YoY to ~$3.5B; Tencent has lost ~$500B in value since its 2021 peak (Zheping Huang/Bloomberg)

Netflix cuts 150 jobs out of 11K across departments in a new round of layoffs, mostly in the US, as the company reins in costs amid slowing revenue growth (Nellie Andreeva/Deadline)

Research: despite China's crypto mining ban, its global bitcoin hashrate share grew to 21.1% from Sept. 2021 to Jan. 2022, suggesting a rise in covert mining (Bloomberg)

Twitter's board says it intends to "close the transaction" at the agreed price and "enforce the merger agreement" (Brian Stelter/CNN)

Celebrities have been criticized for hyping crypto without highlighting the risks after this month's sell-off, as Crypto.com and FTX scale back on ad spending (Tiffany Hsu/New York Times)

Sources: Ian Goodfellow, Apple's former director of machine learning who left due to the company's return to work policy, is joining Alphabet's DeepMind (Mark Gurman/Bloomberg)

Pipedream, an integration platform that lets developers build workflow automations and connect cloud services, raises a $20M Series A led by True Ventures (Kyle Wiggers/TechCrunch)

Palo Alto-based Pangea, which offers embedded security APIs for cloud-native app builders, emerges from stealth with a $25M Series A led by Ballistic Ventures (Mike Wheatley/SiliconANGLE)

Meta's Q1 2022 enforcement report: Facebook's automated content moderation systems improved YoY; the number of wrongly removed, and restored posts, also grew (Casey Newton/Platformer)

Thought Machine, a cloud-based infrastructure provider for 35+ banks globally, raises a $160M Series D at a $2.7B valuation, up from $1B+ in November 2021 (Siddharth Venkataramakrishnan/Financial ...)

Google Cloud launches new software supply chain and zero trust tools, including one that gives governments and enterprises access to vetted open-source packages (Frederic Lardinois/TechCrunch)

As startups face potential drops in valuation and VCs demand lower spending and higher margins, some companies turn to cutting staff, marketing, and projects (Heather Somerville/Wall Street Journal)

Linz-based Storyblok, which offers a headless CMS, raises a $47M Series B led by Mubadala Capital and HV Capital, and says ~74K companies use its tools (Ingrid Lunden/TechCrunch)

Certora, a provider of security analysis tools for smart contract developers to detect mistakes before deploying code, raises a $36M Series B led by Jump Crypto (Mike Millard/The Block)

Enjoy Technology, which runs mobile retail stores and went public via a SPAC merger in October 2021, says it lacks the cash to operate beyond early June 2022 (Joanna Glasner/Crunchbase News)

Twitter loses more execs amid Musk's takeover bid: Twitter Service VP Katrina Lane, head of data science Max Schmeiser, and VP of product management Ilya Brown (Bloomberg)

Robinhood is working on a second crypto wallet, which will give users sole custody of their private keys, coming in beta this summer and launching later in 2022 (Jon Porter/The Verge)

Elon Musk, who wanted to "defeat the spam bots", is lying when he says bots are why he's backing away from buying Twitter at $54.20/share, amid stocks' downturn (Matt Levine/Bloomberg)

Researchers detail a BLE relay attack to unlock and operate a Tesla outside its BLE range; when told in April, Tesla said relay attacks are a "known limitation" (Bill Toulas/BleepingComputer)

A report details the challenges that delayed Apple's mixed reality headset launch by years and the initial pushback from Jony Ive's team on a VR headset concept (Michael Potuck/9to5Mac)

Mastercard tests facial recognition software in Brazil, letting users who opt in pay with a smile or a wave, using tech from NEC, Payface, PopID, and others (Siddharth Venkataramakrishnan/Financial ...)

Memo: Apple delays its three-day-a-week return to the office indefinitely, citing rising COVID-19 cases; the company still expects attendance two days per week (Mark Gurman/Bloomberg)

Fabless chip startup Cornami, whose architecture is optimized for Fully Homomorphic Encryption and quantum threats, raises a $68M Series C led by Vision Fund 2 (Tim Keary/VentureBeat)

Vivun, which offers a SaaS product to automate pre-sales processes, raises $75M as part of a Series C led by Salesforce; customers include Snowflake and UiPath (Ron Miller/TechCrunch)

Access governance service Pathlock raises $200M led by Vertica and merges with data security company Appsian and SAP compliance tool Security Weaver (Tim Keary/VentureBeat)

A.Team, a gig marketplace for product engineers, emerges from stealth with a $55M Series A co-led by Tiger, Insight, and Spruce and a $5M seed led by NFX (Kyle Wiggers/TechCrunch)

Imply, a real-time data analytics service, raises a $100M Series D led by Thoma Bravo at a $1B+ valuation, bringing its total funding to $215M (Mike Wheatley/SiliconANGLE)

Apple announces new accessibility features, including mirroring Watch apps to an iPhone, and a live captioning tool for iOS, iPadOS, and macOS coming in 2022 (Devin Coldewey/TechCrunch)

A look at tech political advocacy group American Edge, founded by Meta, as it tries to create the appearance of grassroots opposition to antitrust reform (Washington Post)

Unit, a banking-as-a-service startup, raises a $100M Series C led by Insight at a $1.2B valuation, following a $51M Series B in June 2021 (Mary Ann Azevedo/TechCrunch)

Coinbase will begin letting a "small set" of users access Ethereum-based decentralized apps directly from its app (Michael Bellusci/CoinDesk)

Delhi-based Fashinza, a B2B supply chain marketplace for fashion brands, raises a $60M Series B and $40M in debt co-led by Prosus and Westbridge (Kyle Wiggers/TechCrunch)

Google opens its first self-designed campus, Bay View, to employees almost 10 years after revealing the plans (Mariella Moon/Engadget)

JD.com reports Q1 revenue rose 18% YoY to ~$35.6B, beating analyst estimates, as its net loss reached ~$445M (Coco Liu/Bloomberg)

Linktree partners with OpenSea to let creators add NFTs to their profiles, either as an "NFT Gallery" link, profile image, or background (Aisha Malik/TechCrunch)

In a preliminary SEC proxy statement, Twitter says it is "committed to completing the transaction on the agreed price and terms as promptly as practicable" (PR Newswire)