Thursday, April 21, 2022

A look at the evolution of crypto staking, from a useful tool to a quasi-Ponzi scheme, and how Yuga Labs is effectively paying people in ApeCoin to hold ApeCoin (Cobie)

Cobie:
A look at the evolution of crypto staking, from a useful tool to a quasi-Ponzi scheme, and how Yuga Labs is effectively paying people in ApeCoin to hold ApeCoin  —  Recently, I was contacted by a member of the board of ApeCoin, which is the BAYC token's equivalent of a board of directors I guess.



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



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.



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 …



Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; it was last valued at $1.2B in 2024 (Meir Orbach/CTech)

Meir Orbach / CTech : Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; ...