Newslit Daily

Today’s pick Twitter Re-examines Elon Musk's Bid, May Be More Receptive to a Deal . Twitter Inc. is re-examining Elon Musk's $43 billion takeover offer after the billionaire lined up financing for the bid, in a sign the social-media company could be more receptive to a deal. Twitter had been expected to rebuff the offer, which Mr. (Cara Lombardo / Wall Street Journal ) WeChat wants people to use i...

Today’s pick Coinbase launches NFT marketplace in hopes of appealing to crypto and mainstream users . It might be a good morning — or perhaps “gm” — for the hundreds of thousands of NFT community members who will now get another marketplace to trade their digital collectibles. Six months ago, Coinbase, the largest crypto… (Jacquelyn Melinek / TechCrunch ) Inside the New Right, Where Peter Thiel Is...

Today’s pick Netflix Loses 200,000 Customers, Its First Decline in a Decade . After a decade of meteoric growth that shook Hollywood to its core, Netflix Inc. has run into a wall. The streaming service lost 200,000 customers in the first quarter, according to a statement Tuesday, the first time it has shed subscribers since… (Lucas Shaw / Bloomberg ) Artificial intelligence is creating a new colon...

Today’s pick Hot Economy, Rising Inflation: The Fed Has Never Successfully Fixed a Problem Like This . The Federal Reserve is setting out to do something it has never accomplished before: reduce inflation a lot without significantly raising unemployment. Central bank officials think it is possible with calibrated interest rate increases that slow… (Jon Hilsenrath / Wall Street Journal ) Web scrapi...

Today’s pick Utilities Plan Huge Electric Grid Upgrades, Adding to Power Bills . American utilities are planning their biggest spending increases in decades to upgrade aging grids, prepare for electric vehicles and make the transition to renewable energy—moves poised to further boost power costs as consumers face… (Katherine Blunt / Wall Street Journal ) Twitter Takeover Battle: Elon Musk-And Jack...

Today’s pick Ketanji Brown Jackson Confirmed as First Black Woman on U.S. Supreme Court . Ketanji Brown Jackson was confirmed to the U.S. Supreme Court, making history as the first Black woman to ever join its ranks while leaving the ideological balance on the nation's highest court unchanged. (Laura Litvan / Bloomberg ) LEAKED MEMO: The New York Times has issued a Twitter 'reset,' urging reporter...

Today’s pick Apps With Hidden Data-Harvesting Software Are Banned by Google . Google has yanked dozens of apps from its Google Play store after determining that they include a software element that surreptitiously harvests data… (Byron Tau / Wall Street Journal ) Deception, exploited workers, and cash handouts: How Worldcoin recruited its first half a million test users . The startup promises a fa...

Today’s pick NFTs Are a Privacy and Security Nightmare . Venmo's baffling decision to turn payments into a social media feed, where public transactions are the default, has rightly been met with criticism. But at the very least, it's always been possible to make Venmo transactions private. Now, imagine a… (Eric Ravenscraft / WIRED ) Elon Musk Got a Twitter Board Seat . Should Twitter have an edit...

Today’s pick 'It's Now Or Never': We Have 3 Years to Reverse Course, Major Climate Report Finds . In order to avoid the worst impacts of climate change, the world needs to make a serious U-turn over the next three years to curb our emissions, a stark new report finds. (Molly Taft / Gizmodo ) Why People Are Adding a Second Shift at Night . After two years of working from home, I don't have one unif...

Today’s pick Elon Musk buys 9.2 percent of Twitter amid complaints about free speech . Tesla CEO Elon Musk now owns 9.2 percent of Twitter according to a 13G filing released today, Bloomberg News reports. According to the filing, Musk purchased the stake on March 14th. Musk has long been one of Twitter's highest profile users with… (Jon Porter / The Verge ) The Future of NFTs Lies With the Courts...

Today’s pick Facebook's algorithm was mistakenly elevating harmful content for the last six months . A group of Facebook engineers identified a “massive ranking failure” that exposed as much as half of all News Feed views to “integrity risks” over the past six months, according to an internal report on the incident… (Alex Heath / The Verge ) Losing 5% Was Best You Could Do in Stocks and Bonds This...

Today’s pick Etsy sellers will go on strike in April and want customers to boycott . In February, Etsy CEO Josh Silverman had good news to share with investors: sales and revenue were at an all-time high, sending Etsy stock soaring. At the same time, Silverman had less welcome news for sellers, delivered via email: transaction fees… (Mia Sato / The Verge ) How Google and Amazon bankrolled a 'grass...

Today’s pick DeepMind accused of mishandling sexual misconduct allegations . A former DeepMind employee has accused the artificial intelligence group's leadership of mishandling multiple allegations of sexual misconduct and harassment, raising concerns over how grievances are dealt with at the Google-acquired company. (Madhumita Murgia / Financial Times ) Dyson's bizarre new headphones have a buil...

Today’s pick My own phone number is now spam texting me . This morning, I received a very blatant spam text offering me “a little gift” for supposedly paying my phone bill. Normally I'd groan, roll my eyes, and quickly delete such a thing, but there was something different about this… (Chris Welch / The Verge ) FedEx Says Fred Smith to Step Aside as CEO, Remain Executive Chairman . FedEx Corp. fou...

Today’s pick Why U.S. Population Growth Just Crashed to an All-Time Low . The U.S. population grew at the slowest pace in history in 2021, according to census data released last week. That news sounds extreme, but it's on trend. First came 2020, which saw one of the lowest U.S. population-growth rates ever. And now we… (Derek Thompson / The Atlantic ) A Wave Of Billion-Dollar Language AI Startups...

Today’s pick Uber Reaches Deal to List All New York City Taxis on Its App . Uber is becoming friends with a former foe. The company has reached an agreement to list all New York City taxis on its app, an alliance that could ease the ride-hailing giant's driver shortage and temper high fares while… (Preetika Rana / Wall Street Journal ) Instacart Slashes Its Valuation by Almost 40% to $24 Billion ....

Today’s pick Stephen Wilhite, creator of the GIF, has died . Stephen Wilhite, one of the lead inventors of the GIF, died last week from COVID at the age of 74, according to his wife, Kathaleen, who spoke to The Verge. (Mitchell Clark / The Verge ) Mark Zuckerberg and Meta's Leadership Take Remote Work to the Extreme . As more companies begin their return to the office, Facebook parent Meta Platfor...

Today’s pick BuzzFeed investors have pushed CEO Jonah Peretti to shut down entire newsroom, sources say . Several large shareholders have urged BuzzFeed CEO Jonah Peretti to shut down the company's news organization. BuzzFeed News has won awards, including a Pulitzer Prize, but is now shrinking through voluntary buyouts. (Alex Sherman / CNBC ) Bored Ape Yacht Club creator raises $450 million to bu...

Today’s pick A Case Of Shrunken Brains: How Covid-19 May Damage Brain Cells . This story is part of a larger mosaic of stories on Post-Acute Sequelae of Covid-19 (PASC), also known as Long Covid. Thanks to a new study from the UK we are now beginning to uncover the effects of SARS-CoV-2 infections in the brain. (William A. Haseltine / Forbes ) Powell Says Fed Will Consider More-Aggressive Interest...

Today’s pick Time for a Law That Puts Workers, Not Unions, First . As Americans grapple with soaring inflation and life after lockdowns, they want more job flexibility and protection of their rights in the workplace. Frustration over classroom closings, reckless spending and how to return to normal highlights a… (Tim Scott / Wall Street Journal ) New York City's Renewed Vibrancy Is Hiding Deep Eco...

Today’s pick What happened to Starbucks? How a progressive company lost its way . Starbucks's app has made the coffee giant healthier financially, but at a cost to its culture, cafés, and even its brand identity. (Clint Rainey / Fast Company ) Amazon completes its $8.5 billion acquisition of MGM . Amazon has closed its $8.5 billion acquisition of MGM, the company announced on Thursday. The complet...

Today’s pick How much is 'link in bio' real estate worth? Linktree's new valuation says $1.3 billion . Who would've thought that an entire swath of startups would spring up all because Instagram, TikTok and Twitter only let you link to one website in your bio? Apparently, Linktree co-founder and CEO Alex Zaccaria did. (Amanda Silberling / TechCrunch ) Crypto evangelists want to build an internet u...

Today’s pick Vimeo is telling creators to suddenly pay thousands of dollars - or leave the platform . Popular Patreon creators are being hit with unexpected Vimeo price hikes as Vimeo shifts corporate strategy. (Mia Sato / The Verge ) Mark Zuckerberg confirms NFTs are coming to Instagram . Love them or hate them, NFTs will soon be coming to Instagram. Speaking at SXSW, Mark Zuckerberg confirmed th...

Today’s pick After Walt Disney, Robert Iger Heads to the Metaverse . Robert Iger spent decades helming a company known for its animated characters. For his next act, the former Walt Disney Co. boss is backing a startup that celebrities and others are using to create avatars for the much-hyped metaverse. (Sarah E. Needleman / Wall Street Journal ) Palmer Luckey Says Working With Weapons Isn't as Fu...

Today’s pick China's 'Silicon Valley' manufacturing hub orders production halts to control a Covid spike . Shenzhen, the biggest city in the manufacturing hub of Guangdong province, told all businesses not involved with essential public services to suspend production or have employees work from home starting Monday. (Evelyn Cheng / CNBC ) Rotten managers are to blame for the surging wave of job bu...