Twitter agrees to be acquired “by an entity wholly owned by Elon Musk” for $54.20 per share in cash; the ~$44B deal requires shareholder and regulatory approval
- Twitter's board accepted billionaire Elon Musk's offer to buy the social media company and take it private, the company confirmed.
Taking Twitter private “is the correct first step” and Musk's goal to create a “maximally trusted and broadly inclusive” platform “is the right one”
I love Twitter. Twitter is the closest thing we have to a global consciousness.
Elon Musk says he wants to improve Twitter by “making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans”
and at some point it should be studied with the perspective of some temporal distance - but the neediest, most ardent, and most passionate censorship crusaders are the tattletale-employees of media co...
Trump says that, regardless of Elon Musk's Twitter purchase, “I am not going on Twitter, I am going to stay on Truth”, whose stock closed down 12.9% on Monday
which 100% means that he will be back on Twitter within seven days. Remember: always take the opposite of what he says as the truth. https://www.foxnews.com/... Morten Rand-Hendriksen / @mor10 : The e...
Some former employees say Twitter, which has long been an underperformer, stands a better chance of improving the service as a private company run by Elon Musk
What employees are saying. PLUS: Musk's key decisions — In the moments before Elon Musk bought Twitter …
Highlighting the importance of Tesla's Chinese market and operations to Musk, Jeff Bezos asks in a tweet if China just gained “a bit of leverage over” Twitter
Amazon.com Inc. founder Jeff Bezos posed a provocative question after Elon Musk clinched a $44 billion takeover of Twitter Inc. … Source: @jeffbezos and @jeffbezos .
Elon Musk is buying Twitter to protect his ability to tweet, which is vital to his business interests, combatting the SEC, and because Tesla's stock stalled out
kinda the other side of @ranjanxroy's argument today https://www.readmargins.com/ ... @hongpong : someone should make an animation showing how a 40% drop in Tesla stock would trigger a massive loan re...
Elon Musk's Twitter bid is a political takeover to control one of the world's largest megaphones and impose his libertarianism on moderation and misinformation
Brad Stone / Bloomberg :
Fidelity will let retirement savers put bitcoin into their 401(k) accounts starting later in 2022, the first major retirement plan provider to do so
Investment giant's move could send cryptocurrency investing further into mainstream if employers decide to offer option
EU internal market commissioner Thierry Breton warns Elon Musk that Twitter must follow the new Digital Services Act rules or face fines and even a ban
EU commissioner Thierry Breton tells Tesla chief executive: ‘Elon, there are rules’ — Brussels has warned Elon Musk that Twitter must comply …
Sources: Twitter locked down product updates through Friday to avoid unauthorized changes by disgruntled employees following Elon Musk's successful bid
Twitter Inc. locked down changes to its social networking platform through Friday after accepting a $44 billion bid from billionaire Elon Musk …
Twitter employees say they heard little from Elon Musk, CEO Parag Agrawal, management, and Charles Schwab about what a sale to the billionaire means for them
Workers say they have been left largely in the dark about what a sale to the billionaire will mean for them and their shares in the company.
Twitter CEO Parag Agrawal and Chairman Bret Taylor told employees that the company will keep operating as usual; sources: the deal could take up to six months
Bloomberg :
Sources detail how Elon Musk's Twitter bid succeeded: Morgan Stanley gathering support for $25.5B in loans, overcoming initial shareholder doubts, and more
Tesla boss convinced Wall Street sceptics to back his $44bn takeover offer — Just 12 days ago, some of the most experienced operators …
Sensor Tower: TikTok was the most downloaded app globally in Q1 2021, reaching 3.5B all-time downloads, followed by Instagram, Facebook, WhatsApp, and Telegram
TikTok is one of the world's fastest-growing social media platforms. Sensor Tower recently released its “Q1 2022 …
Amazon's Buy with Prime will make it difficult for Shopify to get its own shipping solution to scale by deepening Amazon's nearly impregnable moat in logistics
Five months and $134 billion in market cap ago (before the stock slipped by 68%), Bloomberg Businessweek purported to explain … Tweets: @carnage4life , @hzhu_ , and @vivekraju93 Tweets: @carnage4life ...
A hacker stole millions of dollars' worth of NFTs via a phishing attack compromising Bored Ape Yacht Club's Instagram and promoting a malicious “mint” link
Osato Avan-Nomayo / The Block :
Emails reveal how some police officers have become superfans of autonomous drone company Skydio and regularly help to sell or promote its products to colleagues
A drone company called Skydio has managed to get autonomous drones into dozens of police departments by turning cops into their biggest fans. Tweets: @loteck , @hypervisible , @mjgault , and @jason_ko...
Decentralized exchange infrastructure provider 0x Labs raises a $70M Series B led by Greylock Partners with OpenSea, Coinbase, and others participating
San Francisco-based decentralized exchange infrastructure provider 0x Labs has closed a $70 million Series B financing round led by Greylock Partners at an undisclosed valuation.
German startup Kinexon, a real-time location data and analytics service for IoT, raises a $130M Series A, after raising $18M in seed and debt
Paul Sawers / VentureBeat :
Harness, which makes developer tools for continuous integration and delivery, raises a $175M Series D and $55M in debt at a $3.7B valuation
Paul Sawers / VentureBeat :
MetaDocs, an NFT project that promises access to real doctors, faces backlash from the medical community because it is not a licensed telemedicine service
BuzzFeed News : Tweets: @sarahnemerson , @ryanmarino , @drjengunter , and @kenbensinger Tweets: Sarah Emerson / @sarahnemerson : NEW: What happens when a crypto project claims it can disrupt healthca...
NPD Group: consumer spending across video game hardware, content, and accessories declined 15% YoY to $4.9B in March, and fell 8% YoY to $13.9B in Q1 2022
Jeff Grubb / VentureBeat :
Australia's competition watchdog sues Uber and seeks a A$26M fine after the company admitted to misleading users about ride fare estimates and cancellation fees
Sameer Manekar / Reuters : Source: Australian Competition … .
SonarSource, which helps companies detect reliability and vulnerability issues in code, raises $412M co-led by Advent and General Catalyst at a $4.7B valuation
Kyle Wiggers / TechCrunch :
Online podcast recording service Riverside raises a $35M Series B led by Oren Zeev and says its clients include the NYT, Fox Sports, Marvel, and iHeartMedia
Brian Heater / TechCrunch :
Copper, a digital banking service aimed at teens, raises a $29M Series A led by Fiat Ventures, bringing its total funding to $42.3M, and says it has 800K users
Mary Ann Azevedo / TechCrunch :
Qualified, a Salesforce-based service that helps companies convert website visitors into customers, raises a $95M Series C led by Sapphire
Paul Sawers / VentureBeat :
Activision Blizzard reports Q1 revenue down 22% YoY to $1.77B, net income down 36% to $395M, Activision MAUs down 33% to 100M, and Blizzard MAUs down 19% to 22M
Brendan Sinclair / GamesIndustry.biz :
Hour One, which lets businesses use AI to create human-led video and full-fledged avatars for the workplace, raises a $20M Series A led by Insight Partners
Taryn Plumb / VentureBeat : Tweets: @venturebeat Tweets: @venturebeat : Hour One's platform enables businesses to easily turn any person into a #virtual character that can then be activated using jus...
Analysis: Huawei spent $22.1B, or 22.4% of its revenue, on R&D in 2021, seeking to sidestep US sanctions; Meta invested 20.9% into R&D, far above its US peers
Bloomberg :
Replicant, which makes call center automation tools, raises a $78M Series B led by Stripes, sources say at a $550M post-money valuation
Kyle Wiggers / TechCrunch :
The Department of Defense hires Craig Martell, Lyft's head of machine learning, as the Pentagon's first chief digital and artificial intelligence officer
Billy Mitchell / FedScoop :
Hackers have attacked three German wind energy companies since Russia's war in Ukraine, shutting down 2K+ turbines' remote control systems for a day, and more
Catherine Stupp / Wall Street Journal :
Q&A with Roblox Chief Business Officer Craig Donato on being “all in” on the metaverse, seeing brands as creators, moderating user-generated content, and more
Sources: SoftBank's stricter investment criteria has led to tepid continued support for some cash-strapped startups it has backed including camera startup Light
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