Electric autonomous vehicle startup Cruise raises $2B at a $30B valuation from Microsoft, GM, Honda, and others Source
Researcher: Twitter is working on Twitter Blue, a $2.99/month subscription offering with “Collections” to organize favorite tweets and an “undo tweet” function Source
NFT marketplace Cent halts transactions over users minting NFTs of content they don’t own and selling unauthorized NFT copies and NFTs that resemble a security Source
Filing: Twitter rejects Elon Musk ally Egon Durban’s resignation from the board, two days after shareholders blocked his re-election at an annual meeting Source
China says it is imposing a record $2.8B fine on Alibaba for monopolistic business practices; Alibaba says it will accept the penalty “sincerely” Source
NFTs are great for creators because they remove intermediaries, enable granular price tiering, and eliminate customer acquisition costs by making users owners Source
Facebook’s NPE division launches BARS, a TikTok-like app for rappers to create and share their raps using professionally created beats, in closed beta Source
As a mob of Trump supporters stormed the US Capitol building, Facebook and Twitter allowed Trump to cheer them on using their platforms Source
Twitter acquires newsletter publishing company Revue; the five-year-old Dutch company has six employees and has raised ~$318K Source