| Bloomberg: |
Source: Twitter could reach a deal with Elon Musk for a takeover at $54.20 per share as soon as Monday — 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 Tesla stock and potentially costing ~$1B/year, and $21B of his own cash — It is the biggest acquisition financing ever put forward for one person. Elon Musk is doing it his way.| New York Times: |
| 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!| 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.| 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 … | CNBC: |
The UAE grants crypto exchange Kraken a license to operate, following Binance and FTX; Kraken will establish a regional HQ in Abu Dhabi — - Kraken will open an office in Abu Dhabi and become the first exchange to offer UAE dirham trading after receiving a full license to operate in the country … | 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 … | Dean Takahashi / VentureBeat: |
Q&A with Roblox Chief Business Officer Craig Donato on being “all in” on the metaverse, seeing brands as creators, user-generated content moderation, and more — It's a pivotal time for brands as they figure out how to navigate the metaverse.| Washington Post: |
North Korean hackers who stole $600M from Axie Infinity are still laundering their haul, recently moving $4.5M of ETH, after the US tried to freeze those assets — Despite U.S. law enforcement identifying the Lazarus Group as the thieves, the hackers have laundered 17 percent of their $600 million haul
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| Emma Roth / The Verge: |