Techmeme
July 8, 2022, 8:15 PM

Top News

Lauren Feiner / CNBC:
SEC filing: Elon Musk notified Twitter he wants to end the merger agreement, claiming it didn't provide him the info he requested; stock is down 6%+ after hours  —  Billionaire Elon Musk wants to end his deal to buy Twitter, according to a letter sent by a lawyer on his behalf to the company's chief legal officer Friday.
More: SEC.gov, New York Times, The Verge, Reuters, Wall Street Journal, CNN, Washington Post, Bloomberg, Bloomberg, Associated Press, The Block, The Economic Times, Platformer, Adweek, NPR, Insider, CoinDesk, PCMag, Appleosophy, Decrypt, GeekWire, Australian Financial Review, Benzinga, AppleInsider, Silicon Valley Business …, Engadget, The Guardian, Insider, Protocol, MacRumors, TechCrunch, Crunchbase News, Ars Technica, Bitcoin News, ZDNet, The Hill, MobileSyrup, Al Jazeera, Variety, Daily Mail, BBC, NBC News, Insider, IGN, United States Securities and Exchange Commission, Politico, iMore, and Notebookcheck.net
Hannah Murphy / Financial Times:
Sources: Twitter CEO Parag Agrawal has become more vocal and aggressive internally; ex-executive: “Twitter is willing to go to war” to make the Musk deal happen  —  The $44bn takeover of Twitter has been punctuated by public clashes between two executives with wildly differing styles …
Axios:
Twitter board chairman Bret Taylor says it plans to pursue legal action to enforce the deal and is committed to closing it on the price and terms agreed upon  —  Elon Musk is bailing on his $44 billion agreement to buy Twitter, claiming that the social media company hasn't met its contractual obligations …
Wall Street Journal:
Sources: Google has proposed splitting parts of its ad-tech business into a separate entity under Alphabet, to head off a possible US antitrust lawsuit  —  Tech giant's offers stop short of the asset sales preferred by Justice Department antitrust enforcers
Devin Coldewey / TechCrunch:
Joe Biden issues an EO calling on FTC and other agencies to examine and reinforce protections for reproductive health and other sensitive health-related data  —  An executive order signed by President Biden places the White House's weight firmly behind states where access to abortion is guaranteed …
Osato Avan-Nomayo / The Block:
Tether says it liquidated a loan to Celsius without incurring any losses; the bitcoin-denominated loan to Celsius was overcollateralized about 130%  —  - Tether says a loan taken by struggling crypto firm Celsius has been liquidated and no losses were suffered.
The Verge:
Rogers is experiencing a major outage, affecting internet and phone services, including 911 calls, in parts of Canada, and is “working hard to restore services”  —  Rogers confirmed the outage but has no ETA for a fix  —  Canadian telecom Rogers is suffering …
Michael Kan / PCMag:
The US DOJ indicts a Florida man for allegedly importing $1B worth of counterfeit Cisco equipment from China and selling it on Amazon and eBay  —  Onur Aksoy allegedly imported thousands of fake Cisco networking devices from China. … A Miami-based CEO has been arrested …
Ian Allison / CoinDesk:
In a shareholder letter, CEO Peter Smith says Blockchain.com could lose ~$270M in loans to Three Arrows Capital, but that the exchange “remains liquid, solvent”  —  Blockchain.com “remains liquid, solvent and our customers will not be impacted,” wrote CEO Peter Smith in a letter to shareholders.
Associated Press:
A New York state law passed last week will require concealed carry gun permit applicants to submit a list of social media accounts from the previous three years  —  ALBANY, N.Y. (AP) — As missed warning signs pile up in investigations of mass killings, New York state is rolling out a novel strategy …
Jonathan Stempel / Reuters:
A former investment manager sues Celsius for fraud, saying the crypto lender ran a Ponzi scheme by using customer deposits to rig the price of its crypto token  —  A former investment manager at Celsius Network sued the crypto lender on Thursday, saying it used customer deposits to rig …

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Sergiu Gatlan / BleepingComputer:
CNBC:
Nikhilesh De / CoinDesk:
Adi Robertson / The Verge: