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July 12, 2022, 5:25 AM
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| Kurt Wagner / Bloomberg: |
SEC filing: Twitter's lawyers call Elon Musk's deal termination “invalid and wrongful” and say Twitter “breached none of its obligations under the agreement” — Twitter Inc.'s lawyers called Elon Musk's termination of his $44 billion buyout agreement “invalid and wrongful” …
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SEC.gov, The Verge, Silicon Republic, The Economic Times, Neowin, Quartz, Variety, TheStreet, Wall Street Journal, CNN, and Benzinga
Tweets: @elonmusk, @natesilver538, @scottnover, @kurtwagner8, @pt, and @danprimack
| Wired: |
Twitter employees say it's a “shit show internally”, exasperated by weak leadership and lack of support amid targeted harassment from outside the company — Days after the deal to buy Twitter fell apart, fed-up employees say they are being kept in the dark.
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CNBC, Observer, The Block, Barron's Online, RTÉ, Financial Times, iPhone in Canada Blog, Benzinga, Insider, TechSpot, and Dexerto. Thanks:@stokel
| Matt Levine / Bloomberg: |
A look at Twitter's options as Musk tries to back out, such as suing for “expectation damages”, which may be capped at $1B, or suing for “specific performance” — Oh Elon — One question that might be important is: How much is Twitter Inc. worth if Elon Musk does not buy it?
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The Verge, PolisPandit, and New York Post
Tweets: @caseynewton, @sjvn, @noupside, @scottlincicome, @carlquintanilla, @opinion, @opinion, @opinion, @opinion, @opinion, @opinion, @teddyschleifer, @noupside, and @drewpusateri
| Jeremy Hill / Bloomberg: |
Liquidators say they can't find Three Arrows Capital founders Kyle Davies and Zhu Su, and seek to subpoena them to prevent the dissipation of the fund's assets — The founders of bankrupt crypto hedge fund Three Arrows Capital haven't been cooperating in the firm's liquidation process …
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CoinDesk, Reuters, CryptoPotato, Bitcoinist.com, Web3 is going just great, The Verge, and Cryptonews
Tweets: @coindesk, @ipodave, @thomastthai, @ideagov, @priapusiq, and @bitfinexed
| Aisha Malik / TechCrunch: |
Twitter rolls out its Unmentioning feature to all users on all devices, letting users remove themselves from conversations that include their Twitter handle — Twitter announced today that it's rolling out its “Unmentioning” feature to all users on all devices.
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The Verge, The Economic Times, Social Media Today, BGR India, Search Engine Journal, BGR, Digital Trends, iThinkDifferent, PCMag, and MobileSyrup
Tweets: @twittersafety, @theebonymaw, @justinwhang, @wongmjane, @sonnybunch, @mgsiegler, @therealhoarse, @theebonymaw, @abigcoffee, @larakate, and @jon_bois
| The Guardian: |
Mark MacGann, who led Uber's lobbying in Europe, the Middle East, and Africa, comes forward as the leaker of 124K+ files, says Uber flouted laws and sold a lie — Exclusive: Mark MacGann says he has decided to speak out about firm to ‘right some fundamental wrongs’| Sylvia Varnham O'Regan / The Information: |
In an internal post, Meta Vice President of Remote Presence and Engineering Maher Saba instructed managers to identify and “move to exit” poor performers — Meta Platforms' Vice President of Remote Presence and Engineering Maher Saba has instructed managers to identify and …
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Washington Post, Wall Street Journal, and Insider
Tweets: @joshuaogundu, @katieharbath, @mjb_sf, @drewpusateri, @dannygroner, @ingrahamangle, @sylviavarnham, @jillgeisler, @mjb_sf, and @jenn_elias
| Juli Clover / MacRumors: |
YouTube begins rolling out picture-in-picture support for all US iOS users, but says that the feature requires a premium subscription to work with music videos — YouTube today announced that it has begun rolling out picture-in-picture support for all iOS users in the United States …
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BGR India, iThinkDifferent, The Verge, Ubergizmo, and AppleInsider
Tweets: @teamyoutube, @barbietheestar, @aaron_pearce, @appleswupdates, @adequateemily, @dylanmcd8, and @willrbishop
| Paul Sawers / TechCrunch: |
Wefox, a Berlin-based digital insurer focused on personal insurance products, raised a $400M Series D at a post-money valuation of $4.5B, up from $3B in 2021 — European insurance tech startup Wefox has raised $400 million in a series D round of funding, giving the German company a post-money valuation of $4.5 billion.
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Finextra, Silicon Republic, FinSMEs, EU-Startups, Bloomberg, and Insider
| Yogita Khatri / The Block: |
Crypto lender Vauld disclosed a ~$70M shortfall, listing $330M in assets and $400M in liabilities, but says the numbers may not be final as audits are ongoing — - Vauld has disclosed a shortfall of $70 million in a letter to creditors. — The firm has also listed multiple other plans if its deal with Nexo doesn't go through.| Reuters: |
STMicro and GlobalFoundries plan to build a €5.7B chip factory in France with full capacity by 2026, with “significant” funding from the French government — Chipmakers STMicroelectronics and GlobalFoundries (GFS.O) announced plans on Monday to build a semiconductor factory in France …
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The Register, ST News, Financial Times, Telegraph, Dow Jones Newswires, EENewsEurope, DigiTimes, Wall Street Journal, SiliconANGLE, iTnews, Le Monde.fr, The Economic Times, Nikkei Asia, Network World, Tech Xplore, and Euractiv
Tweets: @agathedemarais, @labboudles, @rymmomtaz, @st_world, @mtdtl, and @davidshepardson
| Aidan Ryan / The Information: |
Sources: Mysten Labs, a blockchain startup founded by ex-Meta crypto executives, is in talks to raise a $200M+ Series B led by FTX Ventures at a $2B valuation — Mysten Labs—a startup founded by former Meta Platforms employees that is building a new blockchain for decentralized applications including gaming … Sponsor Posts
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| Brian Krebs / Krebs on Security: |
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| Malcolm Owen / AppleInsider: |
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| Reuters: |
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Tweets: @reuters, @david_ingram, @reuterslegal, @snlyngaas, @bitfinexed, @neerajka, and @bertelschmitt