Techmeme
April 25, 2022, 1:55 PM

Top News

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.
More: Reuters, New York Times, The Independent, ZDNet, BBC, CoinDesk, The i Paper, AppleInsider, The Information, Finbold, Ars Technica, CNBC, Euractiv, Cryptopolitan, Neowin, iPhone in Canada Blog, Reuters, CNN, The Register, The Crypto Basic, Decrypt, Financial Times, Appleosophy, Washington Post, IGN, Gizchina, TheGamer, Cryptonews, iMore, London Evening Standard, CryptoPotato, BetaNews, The Block, Telecoms.com, Tech in Asia, Heretic Speculator, TechRepublic, Изв …, MacDailyNews, New York Post, 9to5Mac, Insider, and Mashable
Tweets: @elonmusk, @henrymance, @nicoleperlroth, @rabois, @pwnallthethings, @wongmjane, @asymmetricinfo, @deitaone, @elipariser, @thelincoln, @frankluntz, @benedictevans, @reuters, @chillmage, @hunterwalk, @emilybell, @nikitabier, @danprimack, @mark_dow, @davidsacks, @edmundlee, @caseynewton, @blackamazon, @chillmage, @noupside, @britnidwrites, @nytimes, @joyannreid, @neilcybart, @howelloneill, @marshallk, @davidsacks, @jessicalessin, @strngwys, @benedictevans, @kantrowitz, @1br0wn, @hblodget, @antoniogm, @evan_greer, @ultimashadowx, @kurrco, @ruskin147, @b_fung, @quinnypig, @kantrowitz, @wbm312, @arctictony, @carnage4life, @howelloneill, @sudhirchaudhary, @levie, @michelletandler, @justinhendrix, @cstross, @maxberger, @silvermanjacob, @hblodget, @maxberger, @tristandross, @mims, @loudmouthjulia, @martinsfp, @obrien, @markdistef, @jilliancyork, @samsheffer, @jimwaterson, @coopercooperco, @austen, @pkafka, @asymmetricinfo, @bocxtop, @youngvulgarian, @karaswisher, @shonaghosh, @bongcapital, @kantrowitz, @alexhern, @gossithedog, @joshuatopolsky, @eric_seufert, @ivanthek, @markdistef, @parmy, @bongcapital, @kelechnekoff, @finallevel, @loganbartlett, @marcoarment, @willystaley, @binarybits, @martinsfp, @sherman4949, @daveleeft, @daveweigel, @buttlerm, @mikeisaac, @mollyjongfast, @benedictevans, @nixcraft, @fintechfrank, @trungtphan, @silvermanjacob, @mattyglesias, @pwnallthethings, @adamsinger, @steventdennis, @thestalwart, @asymmetricinfo, @adamkotsko, @parismartineau, @ninaturner, @jyarow, @s_m_i, @jjvincent, @shonaghosh, and @joepompliano
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:
Osato Avan-Nomayo / The Block:
Millions of dollars worth of NFTs were stolen after Bored Ape Yacht Club's Instagram and Discord were hacked and a malicious “mint” link was promoted  —  Quick Take  — Bored Ape Yacht Club's official Instagram account was hacked.  — A hacker stole 91 NFTs from users …
Tim Copeland / The Block:
OpenSea acquires NFT aggregator Gem, which helps users buy and sell NFTs across marketplaces, for an undisclosed sum; Gem will operate as a standalone brand  —  Quick Take  — NFT marketplace OpenSea has acquired NFT aggregator Gem.  — Gem will continue to operate as a standalone brand.
Financial Times:
UK virtual events startup Hopin, which raised $1B+ and reached a $7.8B valuation, is struggling; its Explore page lists fewer than 500 events, down from 15K+  —  British group gained $7.8bn valuation in pandemic, but lay-offs and slump in secondary market trades have followed
Lucas Shaw / Bloomberg:
Sources: Netflix staff morale is down amid its declining stock price, subscriber losses, and an engineering restructuring to create “junior” and “senior” levels  —  As Netflix shares plunge to their lowest point in five years, the company risks losing its most valuable resource: its star employees.
CNBC:
The UAE grants crypto exchange Kraken a license to operate, after Binance and FTX; Kraken plans to open an HQ in Abu Dhabi and be the first to offer AED trading  —  - Kraken will open an office in Abu Dhabi and become the first exchange to offer UAE dirham trading after receiving a full license …
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 …

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