| Bloomberg: |
Filing: Elon Musk delivers a non-binding proposal to take Twitter private by acquiring all outstanding stock for $54.20 per share, in a cash deal worth ~$43B — Elon Musk has offered to buy Twitter for $54.20 per share in cash, according to an updated 13D filing, Bloomberg News reports.| Amir Efrati / The Information: |
Source says Twitter's board of directors views Elon Musk's takeover offer as unwelcome, suggesting the company will fight the bid — Twitter's board of directors views Elon Musk's takeover offer as unwelcome, said a person familiar with the situation, suggesting it will fight the bid.| Bloomberg: |
Sources: Twitter's board is considering a poison pill after Elon Musk's bid; a source says another plan under consideration is saying that the offer is too low — Twitter Inc.'s board is considering adopting a measure that would protect the company from hostile acquisition bids … | Mia Sato / The Verge: |
Musk says he may not “actually be able to” buy Twitter, he is motivated by its public interest value, it should open source its algorithm, and he has a Plan B — The billionaire made his first public comments about his Twitter takeover efforts at the TED 2022 conference| Wall Street Journal: |
Vanguard Group disclosed on April 8 that it increased its Twitter stake to 10.3%, or 82.4M shares, making it Twitter's largest shareholder, ahead of Elon Musk — While Elon Musk is trying to buy Twitter Inc., he's no longer the company's largest shareholder.| CoinDesk: |
The US Treasury says North Korea-backed hacking group Lazarus is tied to the theft of cryptocurrencies worth $600M+ from the Axie Infinity-linked Ronin bridge — Ronin was hacked for more than $600 million in crypto late last month. — The U.S. Treasury Department alleged … | Sarah Perez / TechCrunch: |
WhatsApp announces Communities with admin tools, file sharing, 32-person calls, and more, to let clubs, schools, and other groups host thousand-user chats — Meta is throwing billions of dollars into building out the metaverse as the future of social networking but in the near term … | Jon Swartz / MarketWatch: |
Apple says Meta's plan to take a 47.5% cut of virtual sales in Horizon Worlds “lays bare Meta's hypocrisy” for taking aim at Apple's 30% cut in the App Store — Facebook parent Meta Platforms Inc.'s intent to take a nearly 50% cut of digital asset sales within its emerging metaverse … | Ashley Carman / Bloomberg: |
A year after Facebook launched podcasts and other audio tools for creators, sources say Meta has shifted its focus to metaverse events and online shopping — Facebook's interest in podcasts is fading, barely a year after it began. — Last April, during a hot market for audio … | Mark Gurman / Bloomberg: |
Developer logs and sources: Apple is testing four different M2-based chips in at least nine new Macs, including MacBook Air, MacBook Pro, Mac mini, and Mac Pro — Apple Inc. has started widespread internal testing of several new Mac models with next-generation M2 chips, according to developer logs … | Sam Kessler / CoinDesk: |
A lawsuit filed against OlympusDAO's co-founders over $20M+ in the DAO's native tokens could unmask their identities, testing the limits of pseudonymity in DAOs — An early Olympus investor alleges he was cheated out of millions of OHM tokens when key smart contracts were rendered inoperable.| Jiaxing Li / South China Morning Post: |
Internet portal Sohu, one of China's first tech firms to list on Nasdaq in 2000, is looking to exit Nasdaq after the SEC said it's noncompliant with audit rules — A total of 23 companies, including Baidu and Weibo, have been identified by the SEC as being at risk of delisting for non-compliance with audit rules.| Cristina Criddle / Financial Times: |
Sources: TikTok is under investigation by US government agencies for CSAM and how a specific privacy feature is being exploited by predators — Short-video app with young user base accused of being ‘perfect place for predators’ by Homeland Security — TikTok is under investigation … | Emily Olsen / MobiHealthNews: |
Iris Telehealth, which offers virtual mental health care, raises a $40M Series B led by Concord Health Partners and Columbia Pacific Advisors — Iris works with providers like health systems and community health centers to offer telepsychiatry services and triage their patients to the right level of care.| Rita Liao / TechCrunch: |
China-founded startups are increasingly abandoning their domestic market to pursue international markets, due to mounting compliance costs and regulatory risks — Like many ambitious Chinese who graduated college abroad during the 2010s and aspired to be the next Jack Ma or Pony Ma … | Dean Takahashi / VentureBeat: |
PitchBook NVCA report: US investments in Q1 2022 remained strong at $70.7B, but IPOs and startup exits slowed to $33.6B after three consecutive $192B+ quarters — Venture capital dealmaking activity and exits slowed in the first quarter after a record-breaking 2021, according to the Q1 2022 PitchBook-NVCA Venture Monitor.
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