May 5 • 2M

🌤 Stanford Gets $1.1 Billion for New Climate School From John Doerr

Plus: Fed raises rates by half a percentage point, Social-Media Startups Take Aim at Facebook, and more…

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Join the Newslit Team every weekday morning as they guide you through some of the most fascinating stories in tech and business to supercharge your mornings.
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Stanford Gets $1.1 Billion for New Climate School From John Doerr. John Doerr, one of the most successful venture capitalists in the history of Silicon Valley, is giving $1.1 billion to Stanford University to fund a school focused on climate change and sustainability. (David Gelles / The New York Times)


Fed raises rates by half a percentage point - the biggest hike in two decades - to fight inflation. The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point as the most aggressive step yet in its battle against generational highs in inflation. Along with the move higher in… (Jeff Cox / CNBC)


Social-Media Startups Take Aim at Facebook. And Elon Musk. Elon Musk isn't the only entrepreneur with big ideas about how to fix social media. A growing number of startups are emerging to challenge the status quo. Many of them are rooted in their founders' experiences within the industry's leading giant… (Deepa Seetharaman / Wall Street Journal)


TikTok introduces its first ad product to offer a revenue share with creators. TikTok is introducing a new way to lure advertisers to its platform by giving them the ability to showcase their brands' content next to the best videos on TikTok. Ahead of its NewFronts… (Sarah Perez / TechCrunch)


Exclusive: Sonos is about to introduce its own voice assistant. Sonos is preparing to introduce its own voice assistant service within the next few weeks, according to people familiar with the company's plans. The voice functionality will let customers play and control music on Sonos' whole-home audio platform. (Chris Welch / The Verge)


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