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April 25, 2022, 3:15 PM
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| Lauren Feiner / CNBC: |
Twitter has entered into a definitive agreement to be acquired “by an entity wholly owned by Elon Musk”, for $54.20/share in cash, in a deal valued at ~$44B — - 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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Twitter, Reuters, The Verge, New York Times, Bloomberg, Wall Street Journal, CNET, The Block, NBC News, GeekWire, Android Authority, TNW, AppleInsider, TechCrunch, Ars Technica, Axios, Associated Press, Fortune, The Hill, Associated Press, TechRadar, Neowin, VICE, Financial Times, iPhone in Canada Blog, Crunchbase News, Euractiv, Gizmodo, CNN, USA Today, New_ Public, Washington Post, The Register, Gizchina, Tech News, Hollywood Reporter, Engadget, BetaNews, Android Headlines, MSPoweruser, and TheGamer
Tweets: @elonmusk, @btaylor, @nytimes, @nicoleperlroth, @kurtwagner8, @paraga, @chillmage, @hunterwalk, @dcurtis, @emilydreyfuss, @mathewi, @alexhanna, @sarahjeong, @brookesingman, @tszzl, @loganbartlett, @joannastern, @jarak, @sarahfrier, @kantrowitz, @sriramk, @danprimack, @mikedrucker, @tomgara, @kantrowitz, @tcarmody, @buzz, @thekenyeung, @lizweil, @mat, @manan, @tomcoates, @business, @espiers, @davewiner, @oneunderscore__, @mathewi, @mikeisaac, @kfury, @bplewis, @caseynewton, @mgsiegler, @artemr, @daveleeft, @mikeisaac, @film_girl, @byjacobward, @russellholly, @tomcoates, @sarahfrier, @qwongsj, @robaeprice, @rmac18, @sarafischer, @carnage4life, @mark_dow, @joyannreid, @stevenbjohnson, @claytravis, @davidsacks, @carnage4life, @carnage4life, @maxberger, @maxberger, @quinnypig, @loudmouthjulia, @markdistef, @alexhern, @taylorlorenz, @joshuatopolsky, @martinsfp, @danprimack, and @carnage4life
| 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, The Economic Times, Robert Reich, Android Central, and The Guardian
Tweets: @b_fung, @microbear1, @asemota, @obrien, @gregroumeliotis, @drskyskull, @ngreenberg, @troutman, @goldietaylor, and @charlesarthur
| 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 …
More:
VICE, CoinDesk, PYMNTS.com, The Verge, Protocol, Decrypt, Input, PC Gamer, Cointelegraph, Crypto Briefing, CryptoPotato, and Slashdot
Tweets: @boredapeyc, @zachxbt, @cryptogarga, @seldo, @cillic, @lorenzofb, and @lorenzofb
| 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: @patdennis, @wallstcynic, @katie_martin_fx, @cavandy, @emilyjnicolle, @tracyalloway, @joesaluzzi, @nkulw, @wallstcynic, @kofinas, @jamessurowiecki, @bc_trevor, @maxwellstrachan, @robinwigg, @realpauleverton, @quantian1, @coryklippsten, @ajb_powell, @concodanomics, @thestalwart, @mattzeitlin, @matt_levine, @katie_martin_fx, @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.
More:
OpenSea Blog, SiliconANGLE, BuzzFeed News, TechCrunch, Decrypt, CoinDesk, NFT Evening, Crypto Briefing, and Waivly
Tweets: @opensea, @0x_b1, @gemxyz, @mayazi, @mdudas, @gemxyz, @mrjasonchoi, @timccopeland, @alex, and @dylanorreli
| 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.| 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
More:
TechCrunch and Newslit Daily
Tweets: @kadhim, @alexhern, @sarthakgh, @triketora, @aallan, @kadhim, and @carnage4life
| 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 …
More:
Finbold, The Block, Bloomberg, YouTube, CryptoSlate, Crypto Daily, CoinDesk, Cointelegraph, Reuters, Coinspeaker, CoinJournal, and Micky
| 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| 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 …
Source:
Oracle. More:
Security Boulevard, TechRadar, and CyberWeekly
Tweets: @tqbf, @arstechnica, @can, @evacide, @ceki, @abbyfuller, @arstechnica, @campuscodi, @campuscodi, @ryanaraine, @msuiche, and @campuscodi
| 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 … | 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
| Bloomberg: |
Sources: SoftBank's stricter investment criteria has led to tepid continued support for some cash-strapped startups it has backed including camera startup Light — SoftBank Group Corp.-backed Light is struggling to raise funds after the world's largest tech investor balked at putting … Sponsor Posts
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