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April 25, 2022, 1:35 PM
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| 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.
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Tweets: @elonmusk, @henrymance, @nicoleperlroth, @rabois, @pwnallthethings, @wongmjane, @asymmetricinfo, @elipariser, @thelincoln, @frankluntz, @deitaone, @benedictevans, @nikitabier, @reuters, @chillmage, @hunterwalk, @emilybell, @edmundlee, @caseynewton, @danprimack, @chillmage, @britnidwrites, @nytimes, @joyannreid, @neilcybart, @noupside, @marshallk, @howelloneill, @davidsacks, @jessicalessin, @strngwys, @kantrowitz, @1br0wn, @hblodget, @antoniogm, @evan_greer, @benedictevans, @ultimashadowx, @kurrco, @ruskin147, @quinnypig, @b_fung, @wbm312, @arctictony, @trungtphan, @karaswisher, @loganbartlett, @kantrowitz, @joshuatopolsky, @howelloneill, @mikeisaac, @bocxtop, @michelletandler, @marcoarment, @carnage4life, @sudhirchaudhary, @levie, @justinhendrix, @cstross, @maxberger, @silvermanjacob, @hblodget, @maxberger, @tristandross, @mims, @loudmouthjulia, @martinsfp, @obrien, @markdistef, @jilliancyork, @samsheffer, @jimwaterson, @coopercooperco, @austen, @pkafka, @asymmetricinfo, @youngvulgarian, @shonaghosh, @bongcapital, @kantrowitz, @alexhern, @gossithedog, @eric_seufert, @ivanthek, @markdistef, @parmy, @bongcapital, @kelechnekoff, @finallevel, @willystaley, @martinsfp, @sherman4949, @daveleeft, @daveweigel, @buttlerm, @mollyjongfast, @benedictevans, @nixcraft, @fintechfrank, @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.
More:
The i Paper and Robert Reich
Tweets: @microbear1, @goldietaylor, @drskyskull, @obrien, @asemota, @gregroumeliotis, @ngreenberg, @troutman, and @charlesarthur
| New York Times: |
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Tweets: @nytimes, @stevenbjohnson, @claytravis, @kevinroose, @mollyjongfast, @laurenshirsch, @supremezerker, @avik, @omarjsakr, @scottnover, @brianstelter, @taylorlorenz, @karoli, @cheryllynneaton, @srushtigangdev, @danprimack, @ashtonpittman, @blackamazon, @wongmjane, @carnage4life, and @carnage4life
| 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:
Slashdot and Web3 is going just great
Tweets: @wallstcynic, @katie_martin_fx, @cavandy, @emilyjnicolle, @tracyalloway, @kofinas, @coryklippsten, @mattzeitlin, @katie_martin_fx, @wallstcynic, @jamessurowiecki, @bc_trevor, @maxwellstrachan, @robinwigg, @realpauleverton, @quantian1, @ajb_powell, @concodanomics, @thestalwart, @matt_levine, @fxmacro, @degenspartan, @thestalwart, @wallstcynic, @silvermanjacob, @robinwigg, @blackamazon, and @davidgura
| 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.
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OpenSea Blog, SiliconANGLE, BuzzFeed News, TechCrunch, Decrypt, CoinDesk, and Crypto Briefing
Tweets: @opensea, @0x_b1, @mrjasonchoi, @timccopeland, @gemxyz, @mayazi, @mdudas, @gemxyz, @alex, and @dylanorreli
| 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
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TechCrunch and Newslit Daily
Tweets: @kadhim, @alexhern, @sarthakgh, @triketora, @aallan, @kadhim, and @carnage4life
| 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 costs
Tweets: @_mengqisun
| 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 …
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Finbold, Bloomberg, The Block, Crypto Daily, YouTube, CryptoSlate, CoinDesk, Cointelegraph, Micky, Reuters, CoinJournal, and Coinspeaker
| 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.| 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 …
More:
Security Boulevard and TechRadar
Tweets: @tqbf, @arstechnica, @ceki, @abbyfuller, @arstechnica, @evacide, @can, @campuscodi, @campuscodi, @ryanaraine, @msuiche, and @campuscodi
| Dean Takahashi / VentureBeat: |
Q&A with Roblox Chief Business Officer Craig Donato on being “all in” on the metaverse, seeing brands as creators, moderating user-generated content, and more — It's a pivotal time for brands as they figure out how to navigate the metaverse.
Tweets: @deantak
| 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 …
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CoinDesk, VICE, Cointelegraph, Crypto Briefing, and CryptoPotato
Tweets: @boredapeyc and @cryptogarga
| Washington Post: |
North Korean hackers who stole $600M from Axie Infinity are still laundering their haul, recently moving $4.5M of ETH, after the US tried to freeze those assets — Despite U.S. law enforcement identifying the Lazarus Group as the thieves, the hackers have laundered 17 percent of their $600 million haulSponsor Posts
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