Techmeme
July 9, 2022, 5:15 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.
Axios:
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:
In an internal memo, Twitter's general counsel says employees should “refrain from tweeting, Slacking, or sharing any commentary about the merger agreement”  —  The company says it's suing Musk for trying to back out  —  Following Elon Musk's notice to Twitter that he wants …
Hannah Murphy / Financial Times:
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
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.
Viola Zhou / Rest of World:
Africa-based Chinese influencers who post racist videos about Africans on apps like Douyin and Kuaishou made fortunes from China's livestream shopping industry  —  “Chinese people love watching how other places are not as good as China.”  —  On the afternoon of May 24, a beauty pageant took place at an apartment in Kitwe, Zambia.
The Verge:
Rogers experienced an 18+ hour outage on Friday, affecting internet and phone services, including 911 calls, in parts of Canada  —  Home internet and wireless connections are coming back, but 18 hours later, there's still no ETA for full restoration.  —  Canadian telecom Rogers is suffering …
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 …
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.

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