Techmeme
April 26, 2022, 3:40 AM

Top News

Lauren Feiner / CNBC:
Twitter agrees to be acquired “by an entity wholly owned by Elon Musk” for $54.20 per share in cash; the ~$44B deal requires shareholder and regulatory approval  —  - Twitter's board accepted billionaire Elon Musk's offer to buy the social media company and take it private, the company confirmed.
More: Twitter, New York Times, Wall Street Journal, The Independent, The Atlantic, 500ish, Bloomberg, Benzinga, Associated Press, BBC, The Guardian, CNN, Tom's Guide, Crypto Briefing, International Business Times, Reuters, The Economic Times, The Verge, Insider, TechCircle, VICE, Axios, Unfiltered, Memex 1.1, New York Magazine, TechCrunch, Ars Technica, BGR India, TIME, CoinDesk, Washington Post, Financial Times, Financial Times, Wall Street Journal, Financial Times, Associated Press, Softpedia News, Fast Company, and The Mac Observer
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Kate Conger / New York Times:
Twitter employees say they heard little from Elon Musk, CEO Parag Agrawal, management, and Charles Schwab about what a sale to the billionaire means for them  —  Workers say they have been left largely in the dark about what a sale to the billionaire will mean for them and their shares in the company.
The Verge:
Elon Musk says he wants to improve Twitter by “making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans”  —  Elon Musk will buy Twitter for $44 billion  —  Twitter has accepted Elon Musk's offer to purchase the company for $44 billion …
Brooke Singman / Fox News:
Trump says that, regardless of Elon Musk's Twitter purchase, “I am not going on Twitter, I am going to stay on Truth”, whose stock closed down 12.9% on Monday  —  Trump said a Musk Twitter takeover would be a positive development, but he will stay with his own platform
Ranjan Roy / Margins:
Elon Musk is buying Twitter to protect his ability to tweet, which is vital to his business interests, to neuter the SEC, and because Tesla's stock stalled out  —  A mini-grand theory on what he's up to with Twitter … A running theory of mine is that, in January 2018 …
Casey Newton / Platformer:
Some former employees say Twitter, which has long been an underperformer, stands a better chance of improving the service as a private company run by Elon Musk  —  What employees are saying.  PLUS: Musk's key decisions  —  In the moments before Elon Musk bought Twitter …
@jack:
Bloomberg:
Twitter CEO Parag Agrawal and Chairman Bret Taylor told employees that the company will keep operating as usual; sources: the deal could take up to six months  —  Twitter Inc. Chief Executive Officer Parag Agrawal and Chairman Bret Taylor told employees on Monday that the social network …
Brad Stone / Bloomberg:
Osato Avan-Nomayo / The Block:
A hacker stole millions of dollars' worth of NFTs via a phishing attack compromising Bored Ape Yacht Club's Instagram and promoting a malicious “mint” link  —  Quick Take  — Bored Ape Yacht Club's official Instagram account was hacked.  — A hacker stole 91 NFTs from users …

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