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July 9, 2022, 1:35 PM
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| 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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Tweets: @btaylor, @ev, @mikeisaac, @beeple, @davepell, @yoda, @karaswisher, @joshuatopolsky, @obrien, @mikeisaac, @matt_levine, @caseynewton, @danprimack, @davidgross_man, @danprimack, @danprimack, @jasonmillerindc, @maxkennerly, @mattturck, @danprimack, @parikpatelcfa, @goldman, @pt, @mat, @youngvulgarian, @jason_kint, @charlesarthur, @qhardy, @bdsams, @antheabutler, @heyjulesfern, @mgsiegler, @alexrkonrad, @willoremus, @mgsiegler, @tomgara, @gtconway3d, @johncardillo, @donwinslow, @islimfit, @richardmarx, @karaswisher, @pierce, @caseynewton, @willoremus, @seamoosi, @julie_bush, @levie, @joannastern, @triketora, @cz_binance, @aedwardslevy, @chad_hurley, @joshuatopolsky, @anothercohen, @rmac18, @cwarzel, @davepell, @reckless, @joshuatopolsky, @om, @rmac18, @reckless, @film_girl, @reckless, @mattnavarra, @loudmouthjulia, @davekarpf, @mollyjongfast, @jsrailton, @zanderkelly30, @byjudedoyle, @somebadideas, @lookner, @taylorlorenz, @cgasparino, @mgsiegler, @antheabutler, @lucidfoxx, @caseynewton, @ericjackson, @daveleeft, @tomgara, @joshuatopolsky, @tomwarren, and @villi
| 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 … | 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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Slashdot and Fortune
Tweets: @drfran, @abusulayman, @paragkhanna, @sethamandel, @bmcclendon, and @scottnover
| 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.
Tweets: @violazhouyi, @khushbuoshea, @cobbo3, @blackamazon, @ruima, and @williamyang120
| Lucas Ropek / Gizmodo: |
An interview with NIST mathematician Dustin Moody on the agency's recently selected “quantum-resistant” encryption algorithms — The NIST's “quantum-resistant” encryption standards, picked via contest, were designed to keep everybody one step ahead of hacking by quantum computers.
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The Polymath Professional …, The Cloudflare Blog, IEEE Spectrum, Wired, eSecurityPlanet, and DCD
Tweets: @wired and @gadgetlab
| Kate Clark / The Information: |
As tech stocks fall, Andreessen Horowitz, Sequoia, GGV, and other VC firms are buying publicly traded stocks of companies whose prospects they deem to be strong — Plunging shares of tech stocks have prompted venture capital firms to take an unusual step: buying publicly traded stocks.
Tweets: @amir
| Spencer Soper / Bloomberg: |
CIRP: the number of US Amazon Prime members remained at ~172M as of June 30, the same as six months earlier, after Amazon raised prices in February 2022 — Amazon.com Inc.'s number of Prime members in the US stagnated in the first half of the year, suggesting a $20 annual price increase …
Tweets: @rakeshlobster and @spencersoper
| Financial Times: |
Sources: the US called on Japan to urge the country's cryptocurrency miners in Siberia and licensed crypto exchanges still in Russia to sever ties with Russia — Washington's request aimed at further financially isolating Moscow — The US has called on Japan to step up pressure …
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Bitcoin News, watcher.guru, The Block, Cryptonews, crypto.news, Cointelegraph, and Protos
| 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 …
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The White House, The Verge, U.S. Senator Elizabeth Warren …, Politico, inforisktoday.com, Engadget, Federal Computer Week, Gizmodo, CyberScoop, VICE, and The Hill
Tweets: @josephfcox, @repbarragan, and @zackwhittaker
| The Information: |
Source: Oracle considered cost reductions of up to $1B that could result in thousands of layoffs as soon as August, mostly impacting staff in the US and Europe — Oracle recently considered cost reductions of up to $1 billion that could result in thousands of layoffs as soon as August … | 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 …
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U.S. Department of Justice, Reuters, BleepingComputer, The Register, and Dark Reading
Tweets: @snmishra, @plantealex, @davemcclure, @kriskoeller, and @niubi
| 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 …
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About Rogers, Engadget, Bloomberg, CBC News, The Cloudflare Blog, MobileSyrup, Roar of Sanity, The Economic Times, Reuters, iPhone in Canada Blog, Reuters, Wall Street Journal, One little anthro, Voice of America, Variety, SiliconANGLE, PC Gamer, Gizmodo, Bank Automation News, NPR, BleepingComputer, Engadget, Finextra, and DCD
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