A review of Dana Mattioli's The Everything War, which covers Lina Khan's antitrust battle against Amazon and makes a case that no company should be so powerful
And How It Became “Too Toxic to Touch” Todd Bishop / GeekWire : ‘The Everything War’: Inside Amazon with author and Wall Street Journal reporter Dana Mattioli The Logic on Crowdcas...
A review of Dana Mattioli's The Everything War, which covers Lina Khan's antitrust battle against Amazon and makes a case that no company should be so powerful
Dana Mattioli's important book looks the winner-takes-all dynamic that built a competition-squashing behemoth
Sources: one year after lending Elon Musk $13B to acquire Twitter, seven US banks still hold the debt and expect to take a 15%+, or ~$2B, hit when they sell
Banks have begun preparations to try to unload at least some of the $13 billion of debt they underwrote, at a steep discount
Sources: a16z's flagship crypto fund lost ~40% of its value in H1 2022, above the 10%-20% losses at rival funds; a16z has dramatically slowed crypto investments
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’ — Crypto Crashed, Coinbase's Stock Followed: What Went Wrong
Sources: Twitter agreed to delay a deposition of Elon Musk by its lead litigation attorney on October 6 in Austin, as both sides hash out the $44B deal
Tesla chief and social media group are negotiating end to legal fight to finalise $44bn buyout — Twitter has agreed to delay …
Sources: Twitter agreed to delay a deposition of Elon Musk by its lead litigation attorney on October 6 in Austin, as both sides hash out the $44B deal
Tesla chief and social media group are negotiating end to legal fight to finalise $44bn buyout — Twitter has agreed to delay …
Sources: Twitter agreed to a ~$7M settlement with Peiter Zatko in June 2022 over lost pay; Zatko signed an NDA but he can speak to Congress or file a complaint
one of the few venues in which he is allowed to discuss the confidential settlement. https://www.wsj.com/... Dare Obasanjo / @carnage4life : The pettiness to sue Parag/Twitter for ...
Sources: health startups Cerebral and Done used looser pandemic rules and pressure on clinicians to prescribe stimulants, often via 30-minute online evaluations
Sources: health startups Cerebral and Done used looser pandemic rules and pressure on clinicians to prescribe stimulants, often via 30-minute online evaluations
Digital companies such as Cerebral and Done seized on looser pandemic rules for prescribing ADHD drugs like Adderall. Tweets: @cararlombardo and @rolfewinkler Tweets: Cara Lombardo...
Sources: a consortium of private equity firms, including Elliott Management, is in advanced talks to buy TV-ratings company Nielsen for ~$15B including debt
Sources: Cisco recently made a takeover offer worth $20B+ for big data analytics software maker Splunk; the companies aren't currently in active talks
Offer was made recently though it isn't clear where things currently stand, according to people familiar with the matter
Peloton CEO and co-founder John Foley will step down, replaced by ex-Spotify and Netflix CFO Barry McCarthy; Peloton will cut 2,800 jobs and cancel Ohio factory
Exercise-equipment maker to name former Spotify CFO Barry McCarthy as successor, overhaul board and cut costs
Peloton CEO and co-founder John Foley will step down, replaced by ex-Spotify and Netflix CFO Barry McCarthy; Peloton will cut 2,800 jobs and cancel Ohio factory
Exercise-equipment maker to name former Spotify CFO Barry McCarthy as successor, overhaul board and cut costs
Sources: Jana Partners took a stake in Macy's and is urging the retailer to spin off its e-commerce business, which has about $8B in annual revenue
Wall Street Journal :
Sources: digital imaging company Shutterfly has held talks to go public via SPAC at a valuation between $4B-$5B, including debt
Wall Street Journal :
Robinhood says it has raised $2.4B from shareholders, just days after raising ~$1B
more than it had raised in its entire prior existence. https://www.wsj.com/...
Sources: Robinhood CEO Vlad Tenev is expected to testify before the House Financial Services Committee in a panel hearing on GameStop on February 18
Zachary Warmbrodt / Politico :
Sources: Salesforce has held talks about acquiring Slack, although a deal is not guaranteed
they've kind of become the tech acquirer of choice. Big enough to buy $20b businesses, small enough to avoid regulatory scrutiny. https://twitter.com/... Will Oremus / @willoremus ...
Sources: AT&T is again exploring a DirecTV sale and is in talks with PE firms for a deal that could value it below $20B; AT&T bought DirecTV for $49B in 2015
Wall Street Journal :
After Satya Nadella and Trump spoke, Microsoft says it will continue discussions to explore a TikTok acquisition in US, ending on Sept. 15 if no deal is reached
Following a conversation between Microsoft CEO Satya Nadella and President Donald J. Trump, Microsoft is prepared to continue discussions …