Techmeme
April 16, 2022, 2:50 AM

Top News

Axios:
Twitter adopts a “poison pill” to thwart Elon Musk's $43B takeover, giving shareholders time to purchase additional shares at a discount to dilute 15%+ stakes  —  Twitter's board on Friday enacted a defensive measure meant to deter Elon Musk's $43 billion hostile takeover bid.
@yishan:
[Thread] Ex-Reddit CEO warns Elon Musk that he doesn't understand current internet culture enough to handle the challenges of large social networks like Twitter  —  I've now been asked multiple times for my take on Elon's offer for Twitter. So fine, this is what I think about that. I will assume the takeover succeeds, and he takes Twitter private. (I have little knowledge/insight into how actual takeover battles work or play out) (long 🧵)
Matt Levine / Bloomberg:
Elon Musk's hostile offer may not be viable, but it opens Twitter to an acquisition; should Twitter fend off Musk, the company will watch its stock drop  —  Oh Elon  —  Well that was weird.  On Tuesday I wrote a column saying it was unlikely that Elon Musk will buy Twitter Inc. On Wednesday I left on a family vacation.
@rabble:
Bloomberg:
Mia Sato / The Verge:
Sergiu Gatlan / BleepingComputer:
GitHub says an attacker used stolen OAuth user tokens issued to Heroku and Travis-CI to download data from private repositories belonging to npm and other orgs  —  GitHub revealed today that an attacker is using stolen user tokens (issued to Heroku and Travis-CI OAuth) to download data from private repositories.
Jeff Burt / The Register:
Google updates Chrome to fix a type confusion vulnerability actively exploited in the wild and another security flaw, the third Chrome emergency patch in 2022  —  The latest patch is aimed at a type confusion vulnerability that is actively being exploited  —  Google is issuing fixes …
Bloomberg:
At least seven crypto firms have suspended rupee deposits; CoinGecko: daily trading volumes on Indian crypto exchanges have fallen 88%-96% since peaking in 2021  —  When Surojit Chatterjee walked on stage at a Coinbase Global Inc. conference in Bengaluru, India, on April 7 …
Wayne Ma / The Information:
Sources: Apple doesn't collect much user data from its services and staff can't easily access the data it does collect, making it harder to compete with rivals  —  Privacy is one of the selling points of Apple products.  But for employees who develop these products, it can be a pain.
Max A. Cherney / Protocol:
PitchBook: global AI chip sales grew 60% YoY to $35.9B in 2021; semiconductor startups got $1.8B in VC funding in 2021, up from $1.4B in 2020 and $1.1B in 2019  —  The raw computational power necessary to use machine learning has dwarfed everything else we use computer chips to accomplish by an order of magnitude.

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Cristina Criddle / Financial Times:
CoinDesk: