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April 25, 2022, 7:20 PM
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memeorandum
WeSmirchTop News
| Lauren Feiner / CNBC: |
Twitter agrees to be acquired “by an entity wholly owned by Elon Musk” for $54.20 per share in cash; the ~$44B deal requires shareholder and regulatory approval — - Twitter's board accepted billionaire Elon Musk's offer to buy the social media company and take it private, the company confirmed.
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Tweets: @elonmusk, @elonmusk, @senwarren, @btaylor, @nicoleperlroth, @kurtwagner8, @talmonsmith, @redletterdave, @pwnallthethings, @downtown, @dougboneparth, @caraesten, @rabois, @sanasaeed, @asymmetricinfo, @paraga, @hayskali, @jim_jordan, @nedmiles, @djrothkopf, @reuters, @chillmage, @kantrowitz, @hunterwalk, @evan_greer, @brendancarrfcc, @phil_lewis_, @icecube, @_claypot, @katearonoff, @smilerz91, @therealfitz, @caseynewton, @jamestitcomb, @robinsonmeyer, @itsdanawhite, @jon_bois, @sorayamcdonald, @pmarca, @drmistercody, @andrewti, @elipariser, @quintabrunson, @noliewithbtc, @tumblr, @aniceburrito, @nathantankus, @sarahcpr, @blkgrlbrilliant, @loganbartlett, @bwags, @capybaroness, @williesuede, @lesbiaudrey, @the_ada_rhodes, @thekidmero, @doinkpatrol, @twinklecircuit, @badinfinity2, @marioarizabaez, @jscros, @lesbiaudrey, @brandonlbradfor, @miss_birdbrain, @gumby4christ, @waltmossberg, @benshapiro, @ggreenwald, @ninaturner, @kathygriffin, @iaponomarenko, @ggreenwald, @carnage4life, @briannawu, @jason_kint, @donwinslow, @unscriptedmike, @bluesky, @evacide, @pkafka, @brookesingman, @frankfigliuzzi1, @reuters, @pmarca, @katie_roof, @thestalwart, @obrien, @epro, @justinhendrix, @benmekler, @bocxtop, @jamesrbuk, @davidsacks, @anthony, @espiers, @carnage4life, @sarahfrier, @davidakaye, @davewiner, @benfenton, @lizweil, @carnage4life, @evelyndouek, @emanuelmaiberg, @brij, @thekenyeung, @rmac18, @alexweprin, @tomcoates, @danielyrubin, @mathewi, @qwongsj, @maxberger, @mat, @sarahfrier, @jarak, @mattrosoff, @maxberger, @johniadarola, @kfury, @business, @kantrowitz, @quinnypig, @loudmouthjulia, @tomgara, @jonfavs, @caseynewton, @markdistef, @alexkoppelman, @carnage4life, @daveleeft, @sarahjeong, @alexhanna, @tariqpanja, @mikeisaac, @tcarmody, @tomgara, @sriramk, @tszzl, @dcurtis, @robaeprice, @alexhern, @taylorlorenz, @wajahatali, @joshuatopolsky, @gossithedog, @joannastern, @hblodget, @byjacobward, @finallevel, @mgsiegler, @artemr, @emilydreyfuss, @martinsfp, @ericjackson, @jonerlichman, @dylanreeve, @ayocaesar, @teroterotero, @donie, @russellholly, and @buchmanster
| Brooke Singman / Fox News: |
Trump says that, regardless of Elon Musk's Twitter purchase, “I am not going on Twitter, I am going to stay on Truth”, whose stock closed down 12.9% on Monday — Trump said a Musk Twitter takeover would be a positive development, but he will stay with his own platform
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Tweets: @kysportsradio, @juliaioffe, @maggienyt, @fredbenenson, @jeffjarvis, and @doney
| The Verge: |
Elon Musk says he wants to improve Twitter by “making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans” — Elon Musk will buy Twitter for $44 billion — Twitter has accepted Elon Musk's offer to purchase the company for $44 billion …
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On my Om, TechCrunch, Telegraph, iTnews, Computerworld, Crypto Briefing, Bloomberg, Android Police, The Irish Times, PCWorld, Gizmodo, CoinDesk, Thurrott, Forbes, CNET, Reuters, 9to5Mac, Dexerto, The Dossier, Light Reading, Variety, and iPhone in Canada Blog
| Kate Conger / New York Times: |
Twitter employees say they heard little from Elon Musk, CEO Parag Agrawal, management, and Charles Schwab about what a sale to the billionaire means for them — Workers say they have been left largely in the dark about what a sale to the billionaire will mean for them and their shares in the company.
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Tweets: @nikitabier, @thelincoln, @noupside, @benedictevans, @wbm312, @michelletandler, @rmac18, and @nytimes
| Bloomberg: |
Twitter CEO Parag Agrawal and Chairman Bret Taylor told employees that the company will keep operating as usual; sources: the deal could take up to six months — Twitter Inc. Chief Executive Officer Parag Agrawal and Chairman Bret Taylor told employees on Monday that the social network …
More:
CryptoSlate. Tweets: @kurtwagner8, @alexeheath, @kurtwagner8, @alexeheath, @alexeheath, @alexeheath, and @alexeheath
| 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.
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BBC, The Hill, CNBC, Financial Times, The Verge, New York Times, iPhone in Canada Blog, iMore, USA Today, and CryptoPotato
Tweets: @b_fung, @microbear1, @asemota, @obrien, @obrien, @gregroumeliotis, @drskyskull, @ngreenberg, and @troutman
| Osato Avan-Nomayo / The Block: |
A hacker stole millions of dollars' worth of NFTs via a phishing attack compromising Bored Ape Yacht Club's Instagram and promoting a malicious “mint” link — Quick Take — Bored Ape Yacht Club's official Instagram account was hacked. — A hacker stole 91 NFTs from users …
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VICE, CoinDesk, Bloomberg, Engadget, CoinDesk, SiliconANGLE, PCMag, Protocol, Blockworks, The Verge, PYMNTS.com, Bitcoinist.com, The Defiant, Input, Crypto Briefing, Decrypt, PC Gamer, and Cointelegraph
| 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!
Source:
Bloomberg. More:
Tom's Newsletter
Tweets: @wallstcynic, @katie_martin_fx, @patdennis, @cavandy, @emilyjnicolle, @tracyalloway, @wallstcynic, @joesaluzzi, @kofinas, @jamessurowiecki, @bc_trevor, @nkulw, @maxwellstrachan, @robinwigg, @realpauleverton, @quantian1, @coryklippsten, @ajb_powell, @concodanomics, @thestalwart, @mattzeitlin, @matt_levine, @katie_martin_fx, @fxmacro, and @degenspartan
| 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.
More:
OpenSea Blog, Maker Minds, CoinDesk, Decrypt, Crypto Briefing, NFT Evening, and Cryptopolitan
| Brendan Sinclair / GamesIndustry.biz: |
Activision Blizzard reports Q1 revenue down 22% YoY to $1.77B, net income down 36% to $395M, Activision MAUs down 33% to 100M, and Blizzard MAUs down 19% to 22M — Modest revenue growth at King offset by 49% drop from Activision, 43% decline from Blizzard as MAUs hit new lows
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Video Games Chronicle, Business Wire, CNBC, Seeking Alpha, MobileSyrup, Wccftech, Hollywood Reporter, TrueAchievements, Barron's Online, Axios, VentureBeat, and Wall Street Journal
Tweets: @chriskeall and @gibiz
| 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.| Mengqi Sun / Wall Street Journal: |
Crypto exchanges and companies are poaching more legal talent, as the industry faces increased regulatory pressure; 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 costsSponsor Posts
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