Techmeme
July 8, 2022, 6:00 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.
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 …
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 …
VICE:
Congress demands info from period tracking apps and data brokers, including policies on geofencing, as part of an investigation into reproductive health data  —  The move comes directly in response to Motherboard's own investigations into how data brokers have provided access to location data related to abortion clinics.
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 …
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 …
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.
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.
Sergiu Gatlan / BleepingComputer:
Microsoft rolls back blocking VBA macro scripts by default in Excel, PowerPoint, Access, Visio, and Word, “based on feedback” and “to make improvements”  —  While Microsoft announced earlier this year that it would block VBA macros on downloaded documents by default …

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Andrew Mendez / TechCrunch:
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