Techmeme
April 26, 2022, 10:40 AM

Top 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.
More: New York Times, Electronic Frontier Foundation, The Atlantic, Axios, Bloomberg, The Independent, TechCrunch, 500ish, Reuters, The i Paper, Washington Post, Blockworks, Club386, Wall Street Journal, Marketing Dive, Bloomberg, Fossbytes, The Verge, Brookings, Tom's Guide, Pocketnow, Reuters, The Hill, Crypto Briefing, The Conversation, New York Magazine, Tech.co, Popular Information, The Guardian, Axios, VICE, Axios, Financial Times, and Memex 1.1
Tweets: @jeffbezos, @elonmusk, @elonmusk, @pekingmike, @dwuff, @btaylor, @downtown, @senwarren, @paraga, @nicoleperlroth, @djrothkopf, @jamessurowiecki, @redletterdave, @oneunderscore__, @gavinjohnadams, @jim_jordan, @jeffbezos, @ronwyden, @globaltimesnews, @melissakchan, @caraesten, @pwnallthethings, @bluesky, @jeffbezos, @rabois, @asymmetricinfo, @chillmage, @thelincoln, @sarahjeong, @ethanz, @dougboneparth, @firefox, @hayskali, @mmasnick, @sanasaeed, @therealfitz, @_claypot, @kantrowitz, @davidhogg111, @juddlegum, @brendancarrfcc, @wadhwa, @phil_lewis_, @nikitabier, @elipariser, @caseynewton, @evan_greer, @hunterwalk, @sarah_smarsh, @xoanty, @sarahcpr, @mikedrucker, @noliewithbtc, @bocxtop, @lesbiaudrey, @icecube, @jamesrbuk, @benshapiro, @jamestitcomb, @blkgrlbrilliant, @smilerz91, @ninaturner, @brandonlbradfor, @briannawu, @katearonoff, @epro, @jason_kint, @kathygriffin, @goldman, @thekidmero, @loganbartlett, @waltmossberg, @pkafka, @profsunnysingh, @twinklecircuit, @tumblr, @dramsinghvi, @andrewti, @frankfigliuzzi1, @oliviatheehye, @unscriptedmike, @carnage4life, @goldman, @ggreenwald, @goldman, @pmarca, @drmistercody, @joshuatopolsky, @dickc, @jason_kint, @itsdanawhite, @bwags, @goldman, @iaponomarenko, @jscros, @ggreenwald, @miss_birdbrain, @zubymusic, @mcuban, @jonerlichman, @donwinslow, @arthurb, @thestalwart, @doinkpatrol, @williesuede, @rameshsrivats, @katie_roof, @the_ada_rhodes, @obrien, @evacide, @jon_bois, @marioarizabaez, @capybaroness, @parikpatelcfa, @robinsonmeyer, @nathantankus, @brianstelter, and @gumby4christ
@jack:
Casey Newton / Platformer:
Some former employees say Twitter, which has long been an underperformer, stands a better chance of improving the service as a private company run by Elon Musk  —  What employees are saying.  PLUS: Musk's key decisions  —  In the moments before Elon Musk bought Twitter …
Javier Espinoza / Financial Times:
EU internal market commissioner Thierry Breton warns Elon Musk that Twitter must follow the new Digital Services Act rules or face fines and even a ban  —  EU commissioner Thierry Breton tells Tesla chief executive: ‘Elon, there are rules’  —  Brussels has warned Elon Musk that Twitter must comply …
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.
Financial Times:
Sources detail how Elon Musk's Twitter bid succeeded: Morgan Stanley gathering support for $25.5B in loans, overcoming initial shareholder doubts, and more  —  Tesla boss convinced Wall Street sceptics to back his $44bn takeover offer  —  Just 12 days ago, some of the most experienced operators …
Brad Stone / Bloomberg:
Elon Musk's Twitter bid is a political takeover to control one of the world's largest megaphones and impose his libertarianism on moderation and misinformation  —  Behind Elon Musk's increasingly likely takeover of Twitter is the status of former President Donald Trump's suspended account.
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
Ranjan Roy / Margins:
Bloomberg:
The Verge:
Anne Tergesen / Wall Street Journal:
Fidelity will let retirement savers put bitcoin into their 401(k) accounts starting later in 2022, the first major retirement plan provider to do so  —  Investment giant's move could send cryptocurrency investing further into mainstream if employers decide to offer option
Nina Bambysheva / Forbes:
Decentralized exchange infrastructure provider 0x Labs raises a $70M Series B led by Greylock Partners with OpenSea, Coinbase, and others participating  —  San Francisco-based decentralized exchange infrastructure provider 0x Labs has closed a $70 million Series B financing round led by Greylock Partners at an undisclosed valuation.
More: CoinDesk
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 …
Matthew Gault / VICE:
Emails reveal how some police officers have become superfans of autonomous drone company Skydio and regularly help to sell or promote its products to colleagues  —  A drone company called Skydio has managed to get autonomous drones into dozens of police departments by turning cops into their biggest fans.

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