Digital World Acquisition Group (DWAC), the blank check company that plans to merge with the parent company of former president Donald Trump's social media app Truth Social and take it public, has requested an extension from the SEC to file its second-quarter earnings results.
Why it matters: The success of Truth Social and its parent Trump Media and Technology Group (TMTG) rides on the financial health of its parent company and its SPAC.
One year into his tenure, national cyber director Chris Inglis tells Axios his office — now nearly fully staffed — is ready to tackle its first big job.
Driving the news: The Office of the National Cyber Director (ONCD) plans to release the administration's national cybersecurity strategy next month after the White House charged the office in late June with leading its development. The strategy will define the nation's plans to prevent major cyberattacks and responses to them when they occur.
WeWork founder Adam Neumann's score of a gargantuan new venture-capital investment shows that Silicon Valley's love affair with free-wheeling, big-spending startup founders remains hot — even in a down market.
Facing saturation in the U.S., most major streamers are launching cheaper ad-supported streaming tiers, and are beginning to bundle their offerings — often the cheaper plans — with other subscriptions to attract more users.
Why it matters: The streaming era was supposed to give consumers more choice, but streaming options increasingly resemble the bloated cable bundles they sought to replace.
The Biden administration has three key leaders for the country to turn to during a major cyberattack — but until last year, two out of the three positions they hold didn't exist.
Why it matters: The industry execs, former officials and lobbyists who talk regularly with this trio are still trying to distinguish who does what.
Oracle has begun vetting TikTok's algorithms and content moderation models to ensure they aren't manipulated by Chinese authorities, Axios has learned.
Why it matters: The effort is meant to provide further assurance to lawmakers that TikTok's U.S. platform operates independently from influence by the Chinese Communist Party.
Lyft is adding a new fleet of electric, autonomous vehicles (AVs) to its ride-hailing network in Las Vegas, bringing it one step closer to offering a full robotaxi service.
Why it matters: It's the latest milestone in the partnership between Lyft and Motional, one of a half-dozen leading autonomous tech companies.
Workers at Amazon's San Bernardino air hub in Southern California walked off the job Monday in protest for better wages and working conditions.
Why it matters: More than 150 people participated in the walkout as part of the first coordinated labor action in Amazon’s growing air cargo network, according to the Washington Post.
The Federal Reserve Board on Monday announced final guidelines that could open up a path for institutions peddling new types of financial products, or those with novel charters, to tap into the banking system.
Why it matters: The guidelines seek to clarify a longstanding question critical to the crypto industry — who is allowed to have a master account. Such accounts would allow crypto banks and fintech platforms to access the central bank's rails (payments and services) without partnering with a traditional bank.
Adam Neumann's next act is coming a bit more into focus — or at least capital. Flow, the residential housing company he's been quietly working on after departing WeWork under a cloud of failed ambitions, just raised a reported $350 million (at a valuation over $1 billion) from Andreessen Horowitz, per the NY Times.
Why it matters: It's got all the intrigue: A controversial founder, big money, and a hot sector. Not to mention it's already a unicorn.
The company behind Transformers, Magic The Gathering and Dungeons & Dragons keeps opening its own video game studios, after years of relying primarily on outside teams.
Why it matters: Should those studios prove productive, it’ll make Hasbro and its Wizards of the Coast subsidiary a much bigger player in the industry.
Crypto audits are coming back in style, but it's still a voluntary practice akin to paint-by-numbers — and without all the numbers. Call it a trust exercise.
Why it matters: This voluntary math goes through cycles of popularity (usually after things go wrong) and have become important again in the wake of a pair of large crypto lenders — Celsius Network and Voyager Digital — filing for bankruptcy reorganization. But they aren't perfect.
Nexstar on Monday announced a deal to acquire a majority stake in the CW from ViacomCBS and Warner Bros. Discovery, after months of anticipation following leaks about an arrangement.
Why it matters: The deal gives ViacomCBS and Warner Bros. Discovery cash to invest in their own streaming services. It allows Nexstar, the largest local broadcast distributor in the U.S., an opportunity to invest more meaningfully in national content that it can sell advertising around.
The Federal Trade Commission's major move towards crafting data privacy rules is the latest signal of a potential end to Big Tech's expansive use of online data.
Why it matters: As people grow more wary of the online trails of digital data they leave behind, the lack of data privacy protections in the U.S. has increasingly become a glaring source of concern for many.
The hallway-and-classroom model of school architecture is out. Instead, forward-thinking schools feature flexible "learning spaces," wellness rooms, touch-free lighting and plumbing — and of course, souped-up HVAC for optimum ventilation.
Why it matters: Lots of pandemic relief money is earmarked for school improvements, so there's a big window of opportunity for construction projects that boost pedagogy as well as students' physical and mental wellbeing.
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