UK-based Token.io, an open banking-based account-to-account payments service, raises $40M co-led by Cota Capital and TempoCap (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch: UK-based Token.io, an open banking-based account-to-account payments service, raises $40M co-led by Cota Capital and TempoCap  —  The rise of digital payments has changed the nature of how people do business with each other; and open banking — a movement in banking where incumbents …

Swiggy plans to acquire Dineout, a dining out table reservations and events service backed by Times Internet, a source says for $200M in an all-equity deal (Manish Singh/TechCrunch)

Manish Singh / TechCrunch: Swiggy plans to acquire Dineout, a dining out table reservations and events service backed by Times Internet, a source says for $200M in an all-equity deal  —  Swiggy has amassed millions of users, helping them order food and grocery online in India.  The seven-year-old firm is now looking to reach those […]

Arm reports 2021 revenue rose 35% YoY to $2.7B, driven by licensing, up 61% YoY to $1.13B, and royalties, up 20% YoY to $1.54B; 29.2B ARM chips shipped in 2021 (Jane Lanhee Lee/Reuters)

Jane Lanhee Lee / Reuters: Arm reports 2021 revenue rose 35% YoY to $2.7B, driven by licensing, up 61% YoY to $1.13B, and royalties, up 20% YoY to $1.54B; 29.2B ARM chips shipped in 2021  —  SoftBank Group Corp’s(9984.T) chip technology firm Arm Ltd on Thursday reported record revenue for 2021, and Chief Executive …

Qualified, a Salesforce-based service that helps companies convert website visitors into customers, raises a $95M Series C led by Sapphire (Paul Sawers/VentureBeat)

Paul Sawers / VentureBeat: Qualified, a Salesforce-based service that helps companies convert website visitors into customers, raises a $95M Series C led by Sapphire  —  Qualified, a Salesforce-native platform that helps companies convert website visitors into paying customers, has raised $95 million in a series C round of funding.

Analysis: Huawei spent $22.1B, or 22.4% of its revenue, on R&D in 2021, seeking to sidestep US sanctions; Meta invested 20.9% into R&D, far above its US peers (Bloomberg)

Bloomberg: Analysis: Huawei spent $22.1B, or 22.4% of its revenue, on R&D in 2021, seeking to sidestep US sanctions; Meta invested 20.9% into R&D, far above its US peers  —  Few companies devote more of their revenue to research than Huawei Technologies Co., for which developing new technologies …

Emails reveal how some police officers have become superfans of autonomous drone company Skydio and regularly help to sell or promote its products to colleagues (Matthew Gault/VICE)

Matthew Gault / VICE: Emails reveal how some police officers have become superfans of autonomous drone company Skydio and regularly help to sell or promote its products to colleagues  —  A drone company called Skydio has managed to get autonomous drones into dozens of police departments by turning cops into their biggest fans.

Twitter CEO Parag Agrawal and Chairman Bret Taylor told employees that the company will keep operating as usual; sources: the deal could take up to six months (Bloomberg)

Bloomberg: Twitter CEO Parag Agrawal and Chairman Bret Taylor told employees that the company will keep operating as usual; sources: the deal could take up to six months  —  Twitter Inc. Chief Executive Officer Parag Agrawal and Chairman Bret Taylor told employees on Monday that the social network …

The Department of Defense hires Craig Martell, Lyft’s head of machine learning, as the Pentagon’s first chief digital and artificial intelligence officer (Billy Mitchell/FedScoop)

Billy Mitchell / FedScoop: The Department of Defense hires Craig Martell, Lyft’s head of machine learning, as the Pentagon’s first chief digital and artificial intelligence officer  —  Craig Martell has left his role as head of machine learning for Silicon Valley rideshare company Lyft to be the Pentagon’s first chief digital …

Twitter employees say they heard little from Elon Musk, CEO Parag Agrawal, management, and Charles Schwab about what a sale to the billionaire means for them (Kate Conger/New York Times)

Kate Conger / New York Times: Twitter employees say they heard little from Elon Musk, CEO Parag Agrawal, management, and Charles Schwab about what a sale to the billionaire means for them  —  Workers say they have been left largely in the dark about what a sale to the billionaire will mean for them and […]

Sources: Tencent-controlled Chinese video game streaming service Huya, which rivals DouYu, will lay off hundreds of staff; Huya had 2,075 employees in 2020 (Josh Ye/Reuters)

Josh Ye / Reuters: Sources: Tencent-controlled Chinese video game streaming service Huya, which rivals DouYu, will lay off hundreds of staff; Huya had 2,075 employees in 2020  —  Chinese video game streaming site Huya (HUYA.N) has started laying off staff, three sources close to the matter said …

Sources: Netflix staff morale is sagging amid its cratering stock price, subscriber losses, and an engineering restructuring to create levels, such as “junior” (Lucas Shaw/Bloomberg)

Lucas Shaw / Bloomberg: Sources: Netflix staff morale is sagging amid its cratering stock price, subscriber losses, and an engineering restructuring to create levels, such as “junior”  —  As Netflix shares plunge to their lowest point in five years, the company risks losing its most valuable resource: its star employees.

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)

New York Times: 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  —  Twitter’s 11-member board met on Sunday morning to discuss Mr. Musk’s offer to buy the company and take it private.  — Give this article- – – Read in […]

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)

Dan Goodin / Ars Technica: Oracle patches a critical bug in Java 15 and above, which lets attackers forge TLS certificates and signatures, two-factor authentication messages, and more  —  A failure to sanity check signatures for division-by-zero flaws makes forgeries easy.  —  Organizations using newer versions …

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)

Manish Singh / TechCrunch: 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  —  Reliance Industries “cannot implement” its $3.4 billion deal to acquire core parts of retail chain Future Group after the latter’s secured …

Leaked images seem to show a Google Pixel Watch testing model left at a restaurant in the US, with a minimalist design in black and a proprietary Google band (Shruti Shekar/Android Central)

Shruti Shekar / Android Central: Leaked images seem to show a Google Pixel Watch testing model left at a restaurant in the US, with a minimalist design in black and a proprietary Google band  —  If this is the final design of the Google Pixel Watch, then many of the rumors have come true.  —  […]

Apple warns it will remove apps from the App Store that haven’t been “updated in a significant amount of time” and is giving developers 30 days to update them (Emma Roth/The Verge)

Emma Roth / The Verge: Apple warns it will remove apps from the App Store that haven’t been “updated in a significant amount of time” and is giving developers 30 days to update them  —  Wiping apps that haven’t been updated in a ‘significant amount of time’  —  Apple may be cracking down on apps […]

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)

Kyle Chayka / New Yorker: 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  —  The world’s richest man seems intent on preserving Twitter as a means for himself and others to continue influencing vast audiences without interference.

Streamers are acting like network TV, as they pull back on edgy content and seek “elevated broadcasts”, like sitcoms, under financial pressure and competition (Joy Press/Vanity Fair)

Joy Press / Vanity Fair: Streamers are acting like network TV, as they pull back on edgy content and seek “elevated broadcasts”, like sitcoms, under financial pressure and competition  —  Desperate for subscriber eyeballs, streamers are pulling back on edgy content—and acting more like the networks they trounced in the revolution.

Documents show wide-ranging opposition from Twitter and others to Canada’s online harms proposals, which the government recently said it will delay implementing (Bill Curry/Globe and Mail)

Bill Curry / Globe and Mail: Documents show wide-ranging opposition from Twitter and others to Canada’s online harms proposals, which the government recently said it will delay implementing  —  Newly released documents reveal Twitter Canada told government officials that a federal plan to create a new internet regulator …

Stockholm-based Planhat, which provides customer relationship management software to companies, raises a $50M Series A after seven years of bootstrapping (Mimi Billing/Sifted)

Mimi Billing / Sifted: Stockholm-based Planhat, which provides customer relationship management software to companies, raises a $50M Series A after seven years of bootstrapping  —  Previously bootstrapped Planhat raises one of the Nordics’ largest Series A rounds of 2022  —  Planhat ends bootstrapped journey with $50m Series A

China-based Q&A service Zhihu closed down 23.6% in its Hong Kong trading debut, after raising $106M in a secondary listing; Zhihu faces a potential US delisting (Reuters)

Reuters: China-based Q&A service Zhihu closed down 23.6% in its Hong Kong trading debut, after raising $106M in a secondary listing; Zhihu faces a potential US delisting  —  Question and answer website Zhihu Inc’s (2390.HK) shares ended down 23.6% on Friday in Hong Kong, making it one of the worst ever secondary listing debuts in […]

Despite lockdowns and tech crackdowns, China remains the best option for electronic manufacturers due to a comprehensive supply chain ecosystem and lower costs (Debby Wu/Bloomberg)

Debby Wu / Bloomberg: Despite lockdowns and tech crackdowns, China remains the best option for electronic manufacturers due to a comprehensive supply chain ecosystem and lower costs  —  Stringent tech regulations and Covid Zero lockdowns are challenging tech’s ties to China.  But first…

Interview with Dave Limp, Amazon’s head of devices and services, on why he thinks ambient computing will enhance the real world, Fire phone’s failure, and Astro (Dave Lee/Financial Times)

Dave Lee / Financial Times: Interview with Dave Limp, Amazon’s head of devices and services, on why he thinks ambient computing will enhance the real world, Fire phone’s failure, and Astro  —  When Amazon launched Alexa — its voice-activated virtual assistant — in 2014, it was met with scepticism.

As of Friday’s close, Netflix had a $99.2B market cap, down from $300B+ in November 2021; Meta had a $532.6B market cap after passing $1T in June 2021 (Kif Leswing/CNBC)

Kif Leswing / CNBC: As of Friday’s close, Netflix had a $99.2B market cap, down from $300B+ in November 2021; Meta had a $532.6B market cap after passing $1T in June 2021  —  – The tech market has plunged since its peak in November, and Netflix and Facebook have been hit particularly hard.

The NLRB rules that 21 QA employees at Activision Blizzard’s Raven Software unit are allowed to have a union election; they have until May 20 to submit ballots (Ash Parrish/The Verge)

Ash Parrish / The Verge: The NLRB rules that 21 QA employees at Activision Blizzard’s Raven Software unit are allowed to have a union election; they have until May 20 to submit ballots  —  The employees have until May 20th to submit their ballots  —  Twenty-one Raven Software QA employees have until May 20th …

Sources detail how Elon Musk convinced Morgan Stanley and 11 other banks to back his Twitter bid, including ideas on how to run the business and boost revenue (Bloomberg)

Bloomberg: Sources detail how Elon Musk convinced Morgan Stanley and 11 other banks to back his Twitter bid, including ideas on how to run the business and boost revenue  —  Publicly, Elon Musk has said he doesn’t care about the economics of owning Twitter Inc.  —  But during a hectic …

Investigation details Binance’s efforts to build ties with the Russian government, including handing over data on opposition leader Alexei Navalny in April 2021 (Reuters)

Reuters: Investigation details Binance’s efforts to build ties with the Russian government, including handing over data on opposition leader Alexei Navalny in April 2021  —  In April 2021, Russia’s financial intelligence unit met in Moscow with the regional head of Binance, the world’s largest crypto exchange.

The UK’s Department for Transport outlines rules for self-driving vehicles, including letting drivers watch TV on the go, ahead of a full framework in 2025 (BBC)

BBC: The UK’s Department for Transport outlines rules for self-driving vehicles, including letting drivers watch TV on the go, ahead of a full framework in 2025  —  People using self-driving cars will be allowed to watch television on built-in screens under proposed updates to the Highway Code.

As the EU prepares its third landmark tech law in the last few years, the US has enacted just two narrow federal tech laws in the past 25 years (Cecilia Kang/New York Times)

Cecilia Kang / New York Times: As the EU prepares its third landmark tech law in the last few years, the US has enacted just two narrow federal tech laws in the past 25 years  —  Federal privacy bills, security legislation and antitrust laws to address the power of the tech giants have all failed […]

In a speech on disinformation, Obama said social media firms’ design choices contribute to polarization, and called for more transparency and Section 230 reform (Lauren Feiner/CNBC)

Lauren Feiner / CNBC: In a speech on disinformation, Obama said social media firms’ design choices contribute to polarization, and called for more transparency and Section 230 reform  —  – Former President Barack Obama criticized social media companies for contributing to polarization through design choices on their platforms.

Indian government data: Google Pay and Walmart-backed PhonePe have a combined 80%+ share in India’s mobile payments market, WhatsApp has a 0.02% share (Megha Mandavia/Wall Street Journal)

Megha Mandavia / Wall Street Journal: Indian government data: Google Pay and Walmart-backed PhonePe have a combined 80%+ share in India’s mobile payments market, WhatsApp has a 0.02% share  —  India will be a crucial market for Meta’s global e-commerce ambitions, but multiple missteps there are holding it back

How crypto investors are pushing for semi-autonomous crypto zones in Central America, as they risk repeating the region’s long history of corporate colonialism (Laurie Clarke/MIT Technology Review)

Laurie Clarke / MIT Technology Review: How crypto investors are pushing for semi-autonomous crypto zones in Central America, as they risk repeating the region’s long history of corporate colonialism  —  A new class of crypto investors have bold plans to rebuild society from scratch.  But their pet projects risk repeating the region’s long history of […]

Oyster, an HR service aimed at distributed workforces, raises a $150M Series C led by Georgian at a $1B+ valuation, up from $475M in June 2021 (Nimah Quadri/Fortune)

Nimah Quadri / Fortune: Oyster, an HR service aimed at distributed workforces, raises a $150M Series C led by Georgian at a $1B+ valuation, up from $475M in June 2021  —  Never miss a story: Follow your favorite topics and authors to get a personalized email with the journalism that matters most to you.

A look at Russia’s efforts to promote homegrown social media like Rutube and VKontakte, even as local content creators choose to stick with Western services (Wall Street Journal)

Wall Street Journal: A look at Russia’s efforts to promote homegrown social media like Rutube and VKontakte, even as local content creators choose to stick with Western services  —  Kremlin cracks down on Western social media, but Russia’s homemade alternatives are a tough sell

Filings: Apple spent $2.5M on US lobbying in Q1 2022, up 34% from $1.86M in Q4 2021; Google spent $2.96M in Q1, up 34% QoQ but flat YoY; Microsoft spent $2.5M (Bloomberg)

Bloomberg: Filings: Apple spent $2.5M on US lobbying in Q1 2022, up 34% from $1.86M in Q4 2021; Google spent $2.96M in Q1, up 34% QoQ but flat YoY; Microsoft spent $2.5M  —  Apple Inc. spent a record quarterly high of $2.5 million on lobbying in the first three months of 2022 amid increased pressure […]

A look at the downfall of Russian tech companies amid Putin’s crackdowns; Yandex looks to sell its news unit, Group-IB’s founder was arrested for treason, more (Joseph Menn/Washington Post)

Joseph Menn / Washington Post: A look at the downfall of Russian tech companies amid Putin’s crackdowns; Yandex looks to sell its news unit, Group-IB’s founder was arrested for treason, more  —  Yandex, VKontakte and Kaspersky all ran afoul of the Kremlin’s need to control Internet access, despite the efforts of their founders

Sources: Barack and Michelle Obama’s production company Higher Ground will not be signing a new deal with Spotify, and is in talks with others like Audible (Bloomberg)

Bloomberg: Sources: Barack and Michelle Obama’s production company Higher Ground will not be signing a new deal with Spotify, and is in talks with others like Audible  —  Barack and Michelle Obama’s time with Spotify Technology SA is coming to an end.  —  The former first family’s production company …