| Bloomberg: |
Source: Twitter could reach a deal with Elon Musk for a takeover at $54.20 per share as soon as today — Twitter is in the final stretch of negotiations about a sale to Elon Musk, a person with knowledge of knowledge of the matter said, Bloomberg News reports.| Reuters: |
Analysis: Elon Musk's Twitter bid includes a risky $12.5B margin loan, secured against TSLA and potentially costing ~$1B/year, alongside $21B from Musk himself — It is the biggest acquisition financing ever put forward for one person. Elon Musk is doing it his way.| New York Times: |
Sources: Twitter's board met Sunday to discuss Elon Musk's bid, which is being considered more seriously after Musk's filing detailed $46.5B in financing — The company's 11-member board met with Mr. Musk to discuss his offer to buy the social networking service and take it private.| Jamie Powell / Financial Times: |
On a podcast, FTX CEO Sam Bankman-Fried says calling crypto “yield-farming”, where coins are staked for interest, a “Ponzi” is a “pretty reasonable response” — Sam Bankman-Fried describes explains “yield-farming” to Bloomberg. — Honk honk!| Mark Gurman / Bloomberg: |
iPhone 14 expectations: a larger 6.7" non-Pro Max, while the Pro models will get the A16, a 48MP wide-angle camera, and pill-shaped and circular notch cutouts — Even though it may feel like the iPhone 13 just went on sale, the iPhone 14 launch is less than six months away.| Washington Post: |
Apple, Amazon, and Google have turned to old union-busting tactics, like surveilling workers suspected of organizing, posting propaganda, and hiring consultants — Tech companies are facing increasing momentum from workers trying to organize — At a Staten Island warehouse set to start … | Dan Goodin / Ars Technica: |
Oracle patches a critical bug in Java 15 and above, which lets attackers forge TLS certificates and signatures, two-factor authentication messages, and more — A failure to sanity check signatures for division-by-zero flaws makes forgeries easy. — Organizations using newer versions … | Emma Roth / The Verge: |
Apple warns it will remove apps from the App Store that haven't been “updated in a significant amount of time” and is giving developers 30 days to update them — Wiping apps that haven't been updated in a ‘significant amount of time’ — Apple may be cracking down on apps that no longer receive updates.| Financial Times: |
UK virtual events startup Hopin, which raised $1B+ and reached a $7.8B valuation, is now struggling; its Explore page has <500 events listed, down from 15K+ — British group gained $7.8bn valuation in pandemic, but lay-offs and slump in secondary market trades have followed| Tim Copeland / The Block: |
OpenSea acquires NFT aggregator Gem, which helps users buy and sell across marketplaces, for an undisclosed sum; Gem will continue as a standalone brand — Quick Take — NFT marketplace OpenSea has acquired NFT aggregator Gem. — Gem will continue to operate as a standalone brand.| Mengqi Sun / Wall Street Journal: |
US crypto exchanges and companies are ramping up recruiting legal talent, as the industry faces increased scrutiny; law firms are also building crypto practices — Crypto exchanges and companies are poaching attorneys to help them navigate an evolving regulatory landscape and to cut down legal costs| Lucas Shaw / Bloomberg: |
Sources: Netflix staff morale is sagging amid its cratering stock price, subscriber losses, and an engineering restructuring to create levels, such as “junior” — As Netflix shares plunge to their lowest point in five years, the company risks losing its most valuable resource: its star employees.
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| Shruti Shekar / Android Central: |
| James Vincent / The Verge: |