Techmeme
October 5, 2022, 8:50 AM

Top News

Ed Hammond / Bloomberg:
SEC filing: in a letter to Twitter, Elon Musk revives his original bid for $54.20 per share, aiming to avoid a courtroom fight; Twitter's stock rises 20%+  —  Elon Musk is proposing to buy Twitter Inc. for the original offer price of $54.20 a share, Bloomberg News reports.Musk made the proposal …
More: U.S. Securities …, Bloomberg, Washington Post, Platformer, New York Times, Wall Street Journal, CNBC, Insider, The Verge, Financial Times, NBC News, Techdirt, iThinkDifferent, Fortune, The Guardian, TechSpot, Android Headlines, Wccftech, ExchangeWire.com, Coinspeaker, International Business Times, Livemint, Slate, TechCircle, BRIGHT, Reuters, TheGamer, Forbes, New York Post, PhoneArena, CryptoPotato, The Economic Times, Cointelegraph, Pirate Wires, TechCrunch, Social Media Today, USA Today, NPR, Crypto Adventure, and Cryptonews
Jeremy C. Owens / MarketWatch:
Elon Musk claims that buying Twitter “is an accelerant to creating X, the everything app”; in August 2022, Musk teased launching X.com as a social media site  —  Entrepreneur's first big hit was with X.com, an online bank that was acquired by PayPal; he re-acquired the rights …
Kevin Roose / New York Times:
A look at possible outcomes for Twitter under Elon Musk: firing Parag Agrawal, revolts by employees, bringing back Donald Trump, adding new features, and more  —  His deal to buy the company is back on.  Here are six predictions about Twitter under Musk's control, if it happens.  —  Buckle up.
Bloomberg:
Elon Musk's revived $44B Twitter acquisition could rely on $12.5B from banks at a time when offloading risky debt is difficult, potentially leading to losses  —  Elon Musk's shock proposal to proceed with his acquisition of Twitter Inc. for the original offer price poses a headache …
Axios:
Mariella Moon / Engadget:
Blizzard President Mike Ybarra says Overwatch 2 is “experiencing a mass DDoS attack” on its servers, preventing hundreds of users from joining the game's launch  —  Overwatch 2's early access launch has been marred by a few bugs and a massive DDoS attack preventing players from getting into the game.
Wall Street Journal:
A report from Chess.com alleges widespread cheating in 100+ online games by Hans Moke Niemann, who was accused of cheating by champion Magnus Carlsen  —  An internal report reviewed by The Wall Street Journal alleges a previously unknown pattern of likely widespread cheating by Hans Moke Niemann …
Cheng Ting-Fang / Nikkei Asia:
Sources: in a first, Apple asks suppliers to move some AirPods and Beats production to India as early as 2023; some AirPods are already made in Vietnam  —  iPhone maker taps South Asian nation again in push to diversify from China  —  TAIPEI — Apple is asking suppliers to move some AirPods …
Kirsten Korosec / TechCrunch:
Tesla plans to remove ultrasonic sensors from some new Model 3 and Y cars this month and Model S and X cars in 2023 in favor of camera and software assistance  —  Tesla is removing ultrasonic sensors from Model 3 and Model Y vehicles, the next step in CEO Elon Musk's plan to only use cameras …
Paige Tortorelli / CNBC:
Celsius co-founder and chief strategy officer S. Daniel Leon resigns a week after CEO Alex Mashinsky; Global Tax Director Lior Koren will assume the CSO role  —  - S. Daniel Leon, co-founder and strategy chief of bankrupt crypto lending platform Celsius, has stepped down, according to an internal email.
Caitlin Huston / The Hollywood Reporter:
Meta plans to shut down its newsletter subscription service Bulletin by early 2023; the Substack competitor launched in January 2021 and now has 120+ writers  —  The social media company plans to bring more content back to the Facebook platform directly.  —  Meta will be shutting down Bulletin …
Jennifer Pattison Tuohy / The Verge:
The Connectivity Standards Alliance launches the Matter 1.0 smart home standard and its certification program; Matter devices may be sold as soon as this month  —  The smart home standard is open for certification at last.  We could see Matter devices in our homes as soon as this month.

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Sarah Perez / TechCrunch: