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July 9, 2022, 4:35 PM
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| Lauren Feiner / CNBC: |
SEC filing: Elon Musk notified Twitter he wants to terminate the merger agreement, claiming that Twitter didn't provide the relevant business info he requested — 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.
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| Matt Levine / Bloomberg: |
Elon Musk's offer to buy Twitter likely was a joke, since he previously pretended he would take Tesla private, but he may not be able to get out of the deal — Programming note: Ugh, here we are again, huh? — Oh Elon — I think it is helpful to start with the big picture.
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| Axios: |
Twitter board chair Bret Taylor says the company plans to pursue legal action to enforce the deal and is committed to closing on the agreed upon price and terms — Elon Musk is bailing on his $44 billion agreement to buy Twitter, claiming that the social media company hasn't met its contractual obligations …
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New York Times, The Verge, Wiretapped, TechCircle, Neowin, CNET, Android Police, BGR, Daring Fireball, Forbes, Financial Times, and Sammy Fans
Tweets: @matt_levine, @rmfifthcircuit, @davidmackau, @paulg, @peachierad, @wolfejosh, @originalspin, @jsnover, @alexeheath, @albernstein, @om, @davewiner, @kurtwagner8, @tomgara, @reckless, @rmac18, @carnage4life, @profgalloway, @kevinmarks, @liz_franczak, @tsuvik, @laurenshirsch, @hblodget, @evleaks, and @davidgura
| The Verge: |
In an internal memo, Twitter's general counsel says employees 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 … | Kellen Browning / New York Times: |
A look at the quirky geography game GeoGuessr, in which the world's 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.
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Slashdot and Fortune
Tweets: @nytimesbusiness, @bmcclendon, @drfran, @rmac18, @abusulayman, @scottnover, @paragkhanna, and @sethamandel
| Viola Zhou / Rest of World: |
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, @khushbuoshea, @cobbo3, @blackamazon, @ruima, @zeyiyang, and @williamyang120
| Kate Clark / 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
| Devin Coldewey / TechCrunch: |
Joe Biden issues an EO asking the 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 …
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The White House, The Verge, Politico, inforisktoday.com, Engadget, and Federal Computer Week
Tweets: @repbarragan and @zackwhittaker
| Lucas Ropek / Gizmodo: |
An interview with NIST mathematician Dustin Moody on the agency's recently selected “quantum-resistant” encryption algorithms — The NIST's “quantum-resistant” encryption standards, picked via contest, were designed to keep everybody one step ahead of hacking by quantum computers.
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Q-munity, The Cloudflare Blog, IEEE Spectrum, The Polymath Professional …, Wired, eSecurityPlanet, and DCD
Tweets: @wcathcart, @wired, @hadip, and @gadgetlab
| Wall Street Journal: |
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
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The Economic Times, CNET, Marketing Dive, Ars Technica, The Verge, Adweek, Android Police, Barron's Online, SiliconANGLE, Search Engine Land, PYMNTS.com, CNBC, Bloomberg, Thurrott, Protocol, and 9to5Google
Tweets: @larakiara, @dinasrinivasan, @samfbiddle, @swodinsky, @reaganbrad, @sachalouise, @jamesvgrimaldi, @tnarecha, @jason_kint, @loughlin, @jamespmcleod, @stevekovach, and @amir
| Spencer Soper / Bloomberg: |
CIRP: the number of US Amazon Prime members 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
| Financial Times: |
Sources: the US called on Japan to urge the country's cryptocurrency miners in Siberia and 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 …
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Bitcoin News, watcher.guru, The Block, Cryptonews, crypto.news, Cointelegraph, and Protos
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