Techmeme
October 5, 2022, 12:25 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 closes up 22.24%  —  Elon Musk is proposing to buy Twitter Inc. for the original offer price of $54.20 a share, Bloomberg News reports.Musk …
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Jeremy C. Owens / MarketWatch:
Elon Musk says 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 …
Axios:
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 …
Karen Weise / New York Times:
In an email to recruiters, Amazon says it is freezing most corporate hiring in its retail business for the rest of 2022; AWS is not affected by the freeze  —  It is the latest tech company to pump the brakes on hiring amid growing economic concerns.  —  Amazon is freezing corporate hiring …
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.
Sarah Perez / TechCrunch:
Meta debuts Instagram ads on the Explore page and tests ads in profile feeds, letting creators earn extra income, and a shorter ad format for Facebook Reels  —  Following another quarter that saw marketers pull back on their ad spending, Meta today announced it's increasing its ad load on Instagram with the launch of two new ad slots.
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.
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.
David Voreacos / Bloomberg:
US prosecutors accuse a man of remotely swiping 713 bitcoins from a hardware wallet seized in a case against his brother, who ran crypto mixing service Helix  —  Gary Harmon grinned as he lounged in a bathtub full of dollar bills surrounded by scantily clad women.
Katyanna Quach / The Register:
Amazon sues Washington state's Department of Labor & Industries, claiming an order forcing the company to reduce a warehouse's hazards breaks the 14th Amendment  —  Somebody missed the memo - this internet giant always gets its own way  —  Amazon has sued Washington state's Department …
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 …

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Ryan Browne / CNBC: