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July 9, 2022, 5:15 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, @mikeisaac, @matt_levine, @davidgross_man, @danprimack, @danprimack, @brianstelter, @jasonmillerindc, @maxkennerly, @obrien, @mattturck, @caseynewton, @danprimack, @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
| Matt Levine / Bloomberg: |
Elon Musk's offer to buy Twitter likely was a joke, since he previously pretended he would take Tesla private, but he may not be able to get out of the deal — Programming note: Ugh, here we are again, huh? — Oh Elon — I think it is helpful to start with the big picture.
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| 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 … | Hannah Murphy / Financial Times: |
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TechCrunch, New York Post, SiliconANGLE, and Newser
| Wall Street Journal: |
Sources: Google has proposed splitting parts of its ad-tech business into a separate entity under Alphabet, to head off a possible US antitrust lawsuit — Tech giant's offers stop short of the asset sales preferred by Justice Department antitrust enforcers
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The Economic Times, CNET, Marketing Dive, The Verge, Ars Technica, Adweek, Android Police, Barron's Online, SiliconANGLE, Search Engine Land, PYMNTS.com, CNBC, Bloomberg, Thurrott, and Protocol
Tweets: @larakiara, @dinasrinivasan, @samfbiddle, @swodinsky, @reaganbrad, @sachalouise, @jamesvgrimaldi, @tnarecha, @jason_kint, @loughlin, @jamespmcleod, @stevekovach, and @amir
| 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. Tweets: @nytimesbusiness, @bmcclendon, @drfran, @rmac18, @abusulayman, @scottnover, @paragkhanna, and @sethamandel
| 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, @zeyiyang, and @williamyang120
| 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
| 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 … | Devin Coldewey / TechCrunch: |
Joe Biden issues an EO asking the 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, Politico, inforisktoday.com, Federal Computer Week, and Engadget
Tweets: @repbarragan and @zackwhittaker
| 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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Q-munity, The Cloudflare Blog, Wired, The Polymath Professional …, and eSecurityPlanet
Tweets: @wcathcart, @wired, @hadip, and @gadgetlab
| Osato Avan-Nomayo / The Block: |
Tether says it had liquidated a loan to Celsius without incurring any losses and that the bitcoin-denominated loan was overcollateralized by about 130% — - Tether says a loan taken by struggling crypto firm Celsius has been liquidated and no losses were suffered.
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tether.to, The Daily Hodl, Bitcoin News, CryptoSlate, crypto.news, Decrypt, Cointelegraph, and Blockworks
Tweets: @katie_martin_fx, @gaborgurbacs, @coloradotravis, @ben_mckenzie, and @wublockchain
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