October 4, 2022, 4:25 PM

Top News

Ed Hammond / Bloomberg:
Source: in a letter to Twitter, Elon Musk proposes proceeding with the acquisition at the original $54.20 per share; Twitter stock jumps 22%+  —  Elon Musk is proposing to buy Twitter Inc. for the original offer price of $54.20 a share, Bloomberg News reports.Musk made the proposal in a letter to Twitter …
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Caitlin Huston / The Hollywood Reporter:
Meta plans to shut down its newsletter subscription service Bulletin by early 2023; the Substack competitor launched in January 2021 and now has 120+ writers  —  The social media company plans to bring more content back to the Facebook platform directly.  —  Meta will be shutting down Bulletin …
Hartley Charlton / MacRumors:
The European Parliament votes 602 to 13 to enforce USB-C as the charging port for most devices by the end of 2024 and all laptops by spring 2026 sold in the EU  —  The European Parliament today voted overwhelmingly in favor of enforcing USB-C as a common charging port across a wide range …
Khari Johnson / Wired:
The White House's new AI Bill of Rights, which would let users opt out of algorithmic decision-making, is nonbinding and so will have little impact on companies  —  The draft's tenets include allowing citizens to opt out of algorithmic decision-making, which could reshape federal government—but not the private sector.
Jason Cipriani / ZDNet:
Google announces the $180 Nest Doorbell Wired and $200 Nest Wifi Pro with Wi-Fi 6E support, updates the Home app, and confirms the company will support Matter  —  Google on Tuesday announced several new products, including a new Nest Doorbell that ditches a battery, a Nest Wi-Fi Pro with support …
Jennifer Pattison Tuohy / The Verge:
The Connectivity Standards Alliance launches the Matter 1.0 smart home standard and its certification program; Matter devices may be sold as soon as this month  —  The smart home standard is open for certification at last.  We could see Matter devices in our homes as soon as this month.
Sankalp Phartiyal / Bloomberg:
Sources: Apple's iPhone exports from India passed $1B in the past five months and could reach $2.5B by March 2023, up from $1.3B in the year ending March 2022  —  Apple Inc.'s iPhone exports from India crossed $1 billion in the five months since April, according to people familiar with the matter …
Steve Lohr / New York Times:
Micron plans to spend up to $100B over the next 20+ years to build a chipmaking complex in upstate New York, helped by federal and state government incentives  —  The company is planning a giant complex in Clay, N.Y., a sign that the government's investments in semiconductors are steering firms' decisions.
Maxwell Strachan / VICE:
Some guests and hosts say Airbnb permanently banned them after background checks by third-party company Inflection revealed minor offenses or old misdemeanors  —  Airbnb customers say they are being permanently banned after background checks reveal minor offenses like broken tail lights and old misdemeanors.
Hannah Miller / Bloomberg:
Toronto-based Horizon Blockchain Games, which develops the Sequence developer platform, Niftyswap marketplace, and Skyweaver card game, raised a $40M Series A  —  Crypto winter has helped chill demand for nonfungible tokens, but that hasn't stopped startups that use them from raising money.
Kif Leswing / CNBC:
Sensor Tower: Apple's App Store net revenue fell ~5% in September, the steepest drop since data tracking began in 2015, driven by gaming revenue dropping 14%  —  - Apple's App Store revenue declined about 5% in September, according to Morgan Stanley, the steepest drop since the bank started modeling the data in 2015.
Wall Street Journal:
Despite Elon Musk claiming Starlink works in Iran, experts say quickly building an underground internet network to evade government censorship will be difficult  —  Elon Musk said the satellite-internet system was activated in the country last month  —  Watch: Iranians Clash With Police During Violent Wave of Protests

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Ephrat Livni / New York Times:
Mike Calia / CNBC: