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July 9, 2022, 5:15 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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Tweets: @btaylor, @ev, @mikeisaac, @beeple, @davepell, @yoda, @karaswisher, @joshuatopolsky, @mikeisaac, @matt_levine, @davidgross_man, @danprimack, @danprimack, @brianstelter, @jasonmillerindc, @maxkennerly, @obrien, @mattturck, @caseynewton, @danprimack, @danprimack, @parikpatelcfa, @goldman, @pt, @mat, @youngvulgarian, @jason_kint, @charlesarthur, @qhardy, @bdsams, @antheabutler, @heyjulesfern, @mgsiegler, @alexrkonrad, @willoremus, @mgsiegler, @tomgara, @gtconway3d, @johncardillo, @donwinslow, @islimfit, @richardmarx, @karaswisher, @pierce, @caseynewton, @willoremus, @seamoosi, @julie_bush, @levie, @joannastern, @triketora, @cz_binance, @aedwardslevy, @chad_hurley, @joshuatopolsky, @anothercohen, @rmac18, @cwarzel, @davepell, @reckless, @joshuatopolsky, @om, @rmac18, @reckless, @film_girl, @reckless, @mattnavarra, @loudmouthjulia, @davekarpf, @mollyjongfast, @jsrailton, @zanderkelly30, @byjudedoyle, @somebadideas, @lookner, @taylorlorenz, @cgasparino, @mgsiegler, @antheabutler, @lucidfoxx, @caseynewton, @ericjackson, @daveleeft, @tomgara, @joshuatopolsky, @tomwarren, and @villi
| 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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New York Times, Insider, Barron's Online, Financial Times, iLounge, Independent.ie, The Guardian, GSMArena.com, Creative Confidential, PC Gamer, The Shortcut, Bitcoin News, The Economic Times, Adweek, CryptoSlate, Pocket-lint, PhoneArena, MobileSyrup, PCMag, Decrypt, Wccftech, Silicon Valley Business …, International Business Times, Engadget, Techdirt, Bitcoinist.com, Quartz, Coinspeaker, Misinformation …, Digital Trends, IGN, Benzinga, Input, Mashable, The Mac Observer, Huawei Central, iPhone in Canada Blog, Fossbytes, Redmond Pie, CryptoPotato, and Crunchbase News
| 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 … | 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 … | Hannah Murphy / Financial Times: |
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TechCrunch, New York Post, SiliconANGLE, and Newser
| 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, The Verge, Ars Technica, Adweek, Android Police, Barron's Online, SiliconANGLE, Search Engine Land, PYMNTS.com, CNBC, Bloomberg, Thurrott, and Protocol
Tweets: @larakiara, @dinasrinivasan, @samfbiddle, @swodinsky, @reaganbrad, @sachalouise, @jamesvgrimaldi, @tnarecha, @jason_kint, @loughlin, @jamespmcleod, @stevekovach, and @amir
| 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. 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
| The Verge: |
Rogers experienced an 18+ hour outage on Friday, affecting internet and phone services, including 911 calls, in parts of Canada — Home internet and wireless connections are coming back, but 18 hours later, there's still no ETA for full restoration. — Canadian telecom Rogers is suffering … | 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, Federal Computer Week, and Engadget
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, Wired, The Polymath Professional …, and eSecurityPlanet
Tweets: @wcathcart, @wired, @hadip, and @gadgetlab
| Osato Avan-Nomayo / The Block: |
Tether says it had liquidated a loan to Celsius without incurring any losses and that the bitcoin-denominated loan was overcollateralized by about 130% — - Tether says a loan taken by struggling crypto firm Celsius has been liquidated and no losses were suffered.
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tether.to, The Daily Hodl, Bitcoin News, CryptoSlate, crypto.news, Decrypt, Cointelegraph, and Blockworks
Tweets: @katie_martin_fx, @gaborgurbacs, @coloradotravis, @ben_mckenzie, and @wublockchain
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