July 10, 2022, 5:05 PM

Top News

Lauren Feiner / CNBC:
SEC filing: Elon Musk notified Twitter he wants to terminate the merger agreement, claiming that Twitter didn't provide the relevant business info he requested  —  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.
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Matt Levine / Bloomberg:
Elon Musk's offer to buy Twitter likely was a joke, since he previously pretended he would take Tesla private, but he may not be able to get out of the deal  —  Programming note: Ugh, here we are again, huh?  —  Oh Elon  —  I think it is helpful to start with the big picture.
Twitter board chair Bret Taylor says the company plans to pursue legal action to enforce the deal and is committed to closing on the agreed upon price and terms  —  Elon Musk is bailing on his $44 billion agreement to buy Twitter, claiming that the social media company hasn't met its contractual obligations …
The Verge:
The Guardian:
Massive trove of internal Uber documents from 2013 to 2017 reveal management discussions and lobbying efforts during the company's rapid international expansion  —  - More than 124,000 confidential documents leaked to the Guardian  — Files expose attempts to lobby Joe Biden, Olaf Scholz and George Osborne
Dean Takahashi / VentureBeat:
Interview with Chip Morningstar, a developer behind Lucasfilm's MMORPG forerunner Habitat, on lessons learned building the game, metaverse, blockchain, and more  —  The metaverse is all the rage today, and its lineage goes way back in gaming.  The universe of connected virtual worlds might …
Christopher Mims / Wall Street Journal:
As mobile ad targeting becomes less effective, the “super app” idea could become more appealing in the West with companies scrambling to keep people inside apps  —  Super apps, immensely popular in Asia but not in the U.S., are the new hot thing for companies scrambling to capture ever more of our time, attention and money
Michael Kan / PCMag:
The US DOJ indicts a Florida man for allegedly importing $1B worth of counterfeit Cisco equipment from China and Hong Kong, 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 …
Osato Avan-Nomayo / The Block:
Tether says it had liquidated a loan to Celsius without incurring any losses and that the bitcoin-denominated loan was overcollateralized by about 130%  —  - Tether says a loan taken by struggling crypto firm Celsius has been liquidated and no losses were suffered.
Devin Coldewey / TechCrunch:
Joe Biden issues an EO asking the 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 …
Melissa Heikkilä / MIT Technology Review:
The war in Ukraine has prompted militaries to invest more money into AI; NATO has announced a ~$1B fund to invest in startups developing “priority” tech like AI  —  The invasion of Ukraine has prompted militaries to update their arsenals—and Silicon Valley stands to capitalize.
Kellen Browning / New York Times:
A look at the quirky geography game GeoGuessr, in which the world's best players can pinpoint in seconds where a Google Street View image has been taken  —  In a game called GeoGuessr, competitors try to pinpoint where in the world a Google Street View image has been taken.  Some can do it in seconds.

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