Techmeme
April 26, 2022, 11:15 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: Twitter, TechCrunch, Electronic Frontier Foundation, The Atlantic, Axios, Bloomberg, The Independent, New York Times, 500ish, The i Paper, Washington Post, Blockworks, Club386, Wall Street Journal, Marketing Dive, Bloomberg, Coinspeaker, Crypto Briefing, The Verge, Brookings, Tom's Guide, Reuters, The Conversation, Pocketnow, New York Magazine, Tech.co, Popular Information, The Hill, The Guardian, Dexerto, TIME, Axios, BGR India, Unfiltered, TechCircle, Financial Times, Wccftech, and Memex 1.1
@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 …
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.
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 …
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 …
Ranjan Roy / Margins:
Elon Musk is buying Twitter to protect his ability to tweet, which is vital to his business interests, combatting the SEC, and because Tesla's stock stalled out  —  A mini-grand theory on what he's up to with Twitter … A running theory of mine is that, in January 2018 …
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.
Vlad Savov / Bloomberg:
Brooke Singman / Fox News:
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 and 0x Blog

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Osato Avan-Nomayo / The Block: