Techmeme
October 5, 2022, 8:50 AM

Top News

Ed Hammond / Bloomberg:
SEC filing: in a letter to Twitter, Elon Musk revives his original bid for $54.20 per share, aiming to avoid a courtroom fight; Twitter's stock rises 20%+  —  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 …
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Jeremy C. Owens / MarketWatch:
Elon Musk claims that buying Twitter “is an accelerant to creating X, the everything app”; in August 2022, Musk teased launching X.com as a social media site  —  Entrepreneur's first big hit was with X.com, an online bank that was acquired by PayPal; he re-acquired the rights …
Kevin Roose / New York Times:
A look at possible outcomes for Twitter under Elon Musk: firing Parag Agrawal, revolts by employees, bringing back Donald Trump, adding new features, and more  —  His deal to buy the company is back on.  Here are six predictions about Twitter under Musk's control, if it happens.  —  Buckle up.
Bloomberg:
Elon Musk's revived $44B Twitter acquisition could rely on $12.5B from banks at a time when offloading risky debt is difficult, potentially leading to losses  —  Elon Musk's shock proposal to proceed with his acquisition of Twitter Inc. for the original offer price poses a headache …
Axios:
Mariella Moon / Engadget:
Blizzard President Mike Ybarra says Overwatch 2 is “experiencing a mass DDoS attack” on its servers, preventing hundreds of users from joining the game's launch  —  Overwatch 2's early access launch has been marred by a few bugs and a massive DDoS attack preventing players from getting into the game.
Wall Street Journal:
A report from Chess.com alleges widespread cheating in 100+ online games by Hans Moke Niemann, who was accused of cheating by champion Magnus Carlsen  —  An internal report reviewed by The Wall Street Journal alleges a previously unknown pattern of likely widespread cheating by Hans Moke Niemann …
Cheng Ting-Fang / Nikkei Asia:
Sources: in a first, Apple asks suppliers to move some AirPods and Beats production to India as early as 2023; some AirPods are already made in Vietnam  —  iPhone maker taps South Asian nation again in push to diversify from China  —  TAIPEI — Apple is asking suppliers to move some AirPods …
Kirsten Korosec / TechCrunch:
Tesla plans to remove ultrasonic sensors from some new Model 3 and Y cars this month and Model S and X cars in 2023 in favor of camera and software assistance  —  Tesla is removing ultrasonic sensors from Model 3 and Model Y vehicles, the next step in CEO Elon Musk's plan to only use cameras …
Paige Tortorelli / CNBC:
Celsius co-founder and chief strategy officer S. Daniel Leon resigns a week after CEO Alex Mashinsky; Global Tax Director Lior Koren will assume the CSO role  —  - S. Daniel Leon, co-founder and strategy chief of bankrupt crypto lending platform Celsius, has stepped down, according to an internal email.
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 …
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.

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