SEC filing: Elon Musk notified Twitter he wants to end the merger agreement, claiming it didn't provide him the info he requested; stock is down 6%+ after hours
Billionaire Elon Musk wants to end his deal to buy Twitter, according to a letter sent by a lawyer on his behalf to the company's chief legal officer Friday.
Twitter board chairman Bret Taylor says it plans to pursue legal action to enforce the deal and is committed to closing it on the price and terms agreed upon
Elon Musk is bailing on his $44 billion agreement to buy Twitter, claiming that the social media company hasn't met its contractual obligations …
Sources: Google has proposed splitting parts of its ad-tech business into a separate entity under Alphabet, to head off a possible US antitrust lawsuit
Tech giant's offers stop short of the asset sales preferred by Justice Department antitrust enforcers
Interview with NIST's Dustin Moody on the agency's recently selected encryption algorithms and why they're designed to withstand future quantum hacking threats
The NIST's “quantum-resistant” encryption standards, picked via contest, were designed to keep everybody one step ahead of hacking by quantum computers.
Sources: Twitter CEO Parag Agrawal has become more vocal and aggressive internally; ex-executive: “Twitter is willing to go to war” to make the Musk deal happen
Hannah Murphy / Financial Times :
Rogers experienced an 18+ hour outage on Friday, affecting internet and phone services, including 911 calls, in parts of Canada
One of Canada's largest service providers had a major outage this morning. Voice of America : Millions of Canadians Lose Mobile, Internet Services Jem Aswad / Variety : The Weeknd's First Stadium Tour...
In an internal memo, Twitter's general counsel says staffers should “refrain from tweeting, Slacking, or sharing any commentary about the merger agreement”
The company says it's suing Musk for trying to back out — Following Elon Musk's notice to Twitter that he wants …
Joe Biden issues an EO calling on FTC and other agencies to examine and reinforce protections for reproductive health and other sensitive health-related data
An executive order signed by President Biden places the White House's weight firmly behind states where access to abortion is guaranteed …
Tether says it liquidated a loan to Celsius without incurring any losses; the bitcoin-denominated loan to Celsius was overcollateralized about 130%
- Tether says a loan taken by struggling crypto firm Celsius has been liquidated and no losses were suffered.
A former investment manager sues Celsius for fraud, saying the crypto lender ran a Ponzi scheme by using customer deposits to rig the price of its crypto token
I've been recovering from COVID over the last two weeks and have had some time to reflect … Katyanna Quach / The Register : Now-frozen crypto-lending biz Celsius accused of devolving into a Ponzi sche...
The US DOJ indicts a Florida man for allegedly importing $1B worth of counterfeit Cisco equipment from China and selling it on Amazon and eBay
Onur Aksoy allegedly imported thousands of fake Cisco networking devices from China. … A Miami-based CEO has been arrested …
A look at the game GeoGuessr, in which the best players can pinpoint in seconds where a Google Street View image has been taken
In a game called GeoGuessr, competitors try to pinpoint where in the world a Google Street View image has been taken. Some can do it in seconds.
Sources: the US called on Japan to urge the country's crypto miners in Siberia and some licensed crypto exchanges still in Russia to sever ties with Russia
Washington's request aimed at further financially isolating Moscow — The US has called on Japan to step up pressure …
Africa-based Chinese influencers who post racist videos about Africans on apps like Douyin and Kuaishou made fortunes from China's livestream shopping industry
“Chinese people love watching how other places are not as good as China.” — On the afternoon of May 24, a beauty pageant took place at an apartment in Kitwe, Zambia. Tweets: @violazhouyi , @khushbuo...
CIRP: the number of Amazon Prime members in the US remained at 172M as of June 30, the same as six months earlier, after Amazon raised prices in February 2022
Amazon.com Inc.'s number of Prime members in the US stagnated in the first half of the year, suggesting a $20 annual price increase … Tweets: @rakeshlobster and @spencersoper Tweets: Rakesh Agrawal / ...
A New York state law passed last week will require concealed carry gun permit applicants to submit a list of social media accounts from the previous three years
Congress demands info from period tracking apps and data brokers, including policies on geofencing, as part of an investigation into reproductive health data
Source: Oracle considered cost reductions of up to $1B that could result in thousands of layoffs as soon as August, mostly impacting staff in the US and Europe
The Information :
As tech stocks fall, Andreessen Horowitz, Sequoia, GGV, and other VC firms are buying publicly traded stocks of companies whose prospects they deem to be strong
Plunging shares of tech stocks have prompted venture capital firms to take an unusual step: buying publicly traded stocks. Tweets: @amir Tweets: Amir Efrati / @amir : VCs flex new muscle: public equit...
The US Treasury Department publishes an international crypto regulation framework, the first publication coming from Biden's executive order on digital assets
Brazil-based Creditas, which operates an online consumer loans service, raises $200M, bringing its total funding to $830M, and buys a Brazilian banking license
Tatiana Bautzer / Reuters :
In a shareholder letter, CEO Peter Smith says Blockchain.com could lose ~$270M in loans to Three Arrows Capital, but that the exchange “remains liquid, solvent”
DEUNA, which lets merchants in Latin America offer one-click checkout, has raised a $30M Series A led by Activant Capital, bringing its total funding to $37M
Shopify's new AI commerce stack
Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
Protecting your Cloud Applications Data
Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.