Trending Stories from wsj.com
Analysis finds 46 wallets bought a combined $17.3M worth of tokens that were listed shortly after on Coinbase, Binance, and FTX, making profits of $1.7M+
Sources: Apple told some suppliers that it wants to boost production outside China, with a focus on India and Vietnam, citing Beijing's strict anti-COVID policy
Crypto Might Have an Insider Trading Problem
Report: Bing hid auto-complete in the US for politically sensitive Chinese names, affecting Windows search and DuckDuckGo; Microsoft says it was due to an error
Analysis: insurers significantly raised cyber coverage premiums in 2021, after high profile hacks; direct-written premiums by the largest insurers rose 92% YoY
More Subprime Borrowers Are Missing Loan Payments
A new bipartisan Senate bill prohibits companies with $20B+ in annual digital ad transactions from participating in more than one part of the ad ecosystem
Sources: Klarna is aiming to raise up to $1B at valuation of around $30B, a ~30% drop from its $46B valuation in its last round led by SoftBank's Vision Fund 2
NHTSA records show it is investigating over 30 incidents of a Tesla suspected of being on Autopilot mode going on to be involved in a serious crash
Google's Russian subsidiary plans to file for bankruptcy, saying it is impossible to pay employees and suppliers after authorities seized its bank account
As startups face potential drops in valuation and VCs demand lower spending and higher margins, some companies turn to cutting staff, marketing, and projects
Billion-Dollar Crypto Loan Is Easy to Get, but Gone in a Flash
A California judge strikes down a 2018 state law requiring public companies in California to put female directors on their boards, citing it as unconstitutional
A Simple Ratio Came to Influence Military Strategy
Sources: the SEC is probing Elon Musk's late filing about his Twitter shares on April 4, 10+ days after his stake passed the 5%+ trigger point for disclosure
DigitalBridge partners with IFM to buy data center company Switch for $11B, including debt; Switch plans to build an extra 11M square feet of capacity by 2030
Internal email: Carvana plans to cut ~2,500 workers, or 12% of its workforce, saying it overshot its growth strategy after acquiring car auction site Adesa US
Janet Yellen says that passing legislation this year to create a regulatory framework for stablecoins "would be highly appropriate", after UST's stumble
Sony and Nintendo say their consoles will likely be in short supply all year, with Nintendo reporting there's "no end in sight to the semiconductor shortage"
Some ex-TikTok US staff talk of long hours, tight deadlines, lack of work-life boundaries, sleep deprivation, weekend work, and secrecy uncommon in the industry
Sources: Chinese tech companies like Lenovo and Xiaomi are quietly pulling back from Russia; China's tech exports to Russia fell sharply from February to March
Whistleblowers: Meta deliberately took down Pages for hospitals and other Australian institutions in 2021 as a negotiating tactic over the news bargaining law
Former Facebook, WhatsApp employees lead new push to fix social media
Publicis will acquire Profitero, which provides e-commerce software and analytics to over 4,000 brands, sources say for about $200M
NonFungible: the sale of NFTs fell to a daily average of about 19K this week, a 92% decline from a peak of about 225K in September 2021
Sources: Elon Musk told potential investors he plans to stage an IPO for Twitter in as little as three years after buying it
TSMC, Intel, and others are asking for preferential access to components amid the chip shortage, arguing that giving semiconductor makers priority could ease it
Filing: Activision Blizzard CEO Bobby Kotick could walk away with ~$520M after Microsoft's deal, expected by 2023; Kotick owns 4.3M shares and can buy 2.2M more
Sources: millions of Grindr users' location data has been collected from a digital ad network and sold since at least 2017; Grindr says it has cut the data flow
I’m Joanna Stern. I interviewed Elon Musk live last year and, as the WSJ’s Senior Personal Technology columnist, I know some stuff about Twitter. AMA!
Apple Abused Dominance in Mobile-Wallets Markets, According to Preliminary EU View
A look at the challenges Apple is facing as it develops its own wireless modem, expected to replace Qualcomm chips in 2023 iPhones
Sources: Peter Thiel, Jack Dorsey, and others who dislike Twitter's direction pushed Elon Musk to launch a bid; Musk remains dismayed that Trump is still banned
Robinhood Reports 43% Revenue Decline
Sources: online used-car marketplace Carvana, which saw its shares drop ~30% in recent weeks, was forced to sell half of its bonds to Apollo Global for $1.6B
Insider Intelligence: while Amazon has 39% share of US e-commerce market, it grew by just 0.2% in 2021 and so far in 2022, the slowest rate in years
Techmeme · 3 weeks ago