Techmeme
April 25, 2022, 11:00 AM

Top News

Bloomberg:
Source: Twitter could reach a deal with Elon Musk for a takeover at $54.20 per share as soon as today  —  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.
More: Reuters, The Independent, CoinDesk, Finbold, Ars Technica, Reuters, Decrypt, AppleInsider, CNBC, Appleosophy, BetaNews, IGN, CryptoPotato, Financial Times, TheGamer, BBC, Heretic Speculator, 9to5Mac, MacDailyNews, London Evening Standard, New York Post, Cryptonews, iMore, The Block, The Hill, Insider, and PC Gamer
Reuters:
Analysis: Elon Musk's Twitter bid includes a risky $12.5B margin loan, secured against TSLA and potentially costing ~$1B/year, alongside $21B from Musk himself  —  It is the biggest acquisition financing ever put forward for one person.  Elon Musk is doing it his way.
New York Times:
Sources: Twitter's board met Sunday to discuss Elon Musk's bid, which is being considered more seriously after Musk's filing detailed $46.5B in financing  —  The company's 11-member board met with Mr. Musk to discuss his offer to buy the social networking service and take it private.
Jamie Powell / Financial Times:
Mark Gurman / Bloomberg:
iPhone 14 expectations: a larger 6.7" non-Pro Max, while the Pro models will get the A16, a 48MP wide-angle camera, and pill-shaped and circular notch cutouts  —  Even though it may feel like the iPhone 13 just went on sale, the iPhone 14 launch is less than six months away.
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 …
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 …
Emma Roth / The Verge:
Apple warns it will remove apps from the App Store that haven't been “updated in a significant amount of time” and is giving developers 30 days to update them  —  Wiping apps that haven't been updated in a ‘significant amount of time’  —  Apple may be cracking down on apps that no longer receive updates.
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.
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.

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Shruti Shekar / Android Central:
James Vincent / The Verge: