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April 25, 2022, 6:30 PM
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WeSmirchTop News
| Lauren Feiner / CNBC: |
Twitter has entered into a definitive agreement to be acquired “by an entity wholly owned by Elon Musk”, for $54.20/share in cash, in a deal valued at ~$44B — - Twitter's board accepted billionaire Elon Musk's offer to buy the social media company and take it private, the company confirmed.
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Tweets: @elonmusk, @elonmusk, @senwarren, @nicoleperlroth, @btaylor, @redletterdave, @sanasaeed, @hayskali, @caraesten, @rabois, @kurtwagner8, @djrothkopf, @nedmiles, @talmonsmith, @downtown, @phil_lewis_, @chillmage, @kantrowitz, @hunterwalk, @paraga, @pmarca, @drmistercody, @andrewti, @elipariser, @quintabrunson, @noliewithbtc, @tumblr, @aniceburrito, @nathantankus, @jim_jordan, @sarahcpr, @blkgrlbrilliant, @loganbartlett, @bwags, @capybaroness, @williesuede, @lesbiaudrey, @the_ada_rhodes, @thekidmero, @doinkpatrol, @twinklecircuit, @badinfinity2, @marioarizabaez, @dougboneparth, @jscros, @lesbiaudrey, @brandonlbradfor, @miss_birdbrain, @gumby4christ, @icecube, @waltmossberg, @ggreenwald, @ninaturner, @kathygriffin, @iaponomarenko, @ggreenwald, @carnage4life, @caseynewton, @briannawu, @jason_kint, @donwinslow, @unscriptedmike, @bluesky, @reuters, @evacide, @pkafka, @frankfigliuzzi1, @pmarca, @katie_roof, @thestalwart, @obrien, @brookesingman, @epro, @justinhendrix, @benmekler, @danielyrubin, @gossithedog, @evelyndouek, @mattrosoff, @dylanreeve, @bigblackjacobin, @teroterotero, @davidakaye, @evacide, @donie, @kurtwagner8, @tomgara, @ericjackson, @alexweprin, @benfenton, @anthony, @alexkoppelman, @levie, @emanuelmaiberg, @gartenberg, @bocxtop, @anthony, @aprilaser, @ericjackson, @jamesrbuk, @tariqpanja, @ericjackson, @espiers, @carnage4life, @sarahfrier, @davewiner, @lizweil, @carnage4life, @brij, @thekenyeung, @rmac18, @tomcoates, @mathewi, @qwongsj, @maxberger, @mat, @sarahfrier, @jarak, @maxberger, @johniadarola, @rmac18, @kfury, @business, @kantrowitz, @quinnypig, @loudmouthjulia, @tomgara, @jonfavs, @caseynewton, @markdistef, @carnage4life, @daveleeft, @sarahjeong, @alexhanna, @davidsacks, @mikeisaac, @tcarmody, @sriramk, @tszzl, @dcurtis, @robaeprice, @alexhern, @taylorlorenz, @wajahatali, @joshuatopolsky, @joannastern, @hblodget, @byjacobward, @finallevel, @mgsiegler, @artemr, @emilydreyfuss, @martinsfp, @jonerlichman, @ayocaesar, @russellholly, @buchmanster, @esaagar, @robinwauters, @danprimack, @buzz, @bplewis, @cdixon, @mikeisaac, @tedcruz, @mgsiegler, @loganbartlett, @film_girl, and @carnage4life
| 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”, which saw its stock drop 12.9% on Monday — Trump said a Musk Twitter takeover would be a positive development, but he will stay with his own platform
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Reuters, BBC, Politico, Benzinga, TechCrunch, The Hill, CNBC, The Verge, Vox, CNBC, Associated Press, Bloomberg, New York Post, The Week, Mashable, Old Mom Things, CNN, Channel Futures, Variety, and Defending Privacy
Tweets: @kysportsradio, @juliaioffe, @obrien, @fredbenenson, @maggienyt, @doney, and @jeffjarvis
| Reuters: |
Analysis: Elon Musk's Twitter bid includes a risky $12.5B margin loan, secured against Tesla stock and potentially costing ~$1B/year, and $21B of his own cash — It is the biggest acquisition financing ever put forward for one person. Elon Musk is doing it his way.
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Tweets: @nytimes, @b_fung, @microbear1, @asemota, @obrien, @gregroumeliotis, @drskyskull, @ngreenberg, @troutman, and @goldietaylor
| 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 …
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TechCrunch, Telegraph, Bloomberg, iTnews, Computerworld, PCWorld, CNET, Insider, Forbes, The Hill, Dexerto, Protocol, Cointelegraph, Pocket-lint, Cult of Mac, Entechtainment.today, CNBC, THE FREEDOM BLOG, The Dossier, Livemint, Newser, and SlashGear
| 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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VICE, CoinDesk, CoinDesk, Engadget, SiliconANGLE, PCMag, Blockworks, The Verge, Protocol, PYMNTS.com, Input, Bitcoinist.com, The Defiant, Decrypt, Crypto Briefing, PC Gamer, and Cointelegraph
Tweets: @boredapeyc, @zachxbt, @cryptogarga, @thetoddwilliams, @ape6867, @cillic, @seldo, @alpha_pls, @lorenzofb, @mathewi, @lorenzofb, @cryptokaleo, and @ourielohayon
| Jamie Powell / Financial Times: |
On a podcast, FTX CEO Sam Bankman-Fried says calling crypto “yield farming”, where coins are staked for interest, a “Ponzi” is a “pretty reasonable response” — Sam Bankman-Fried describes explains “yield-farming” to Bloomberg. — Honk honk!
Source:
Bloomberg. More:
Tom's Newsletter and Slashdot
Tweets: @wallstcynic, @katie_martin_fx, @patdennis, @cavandy, @emilyjnicolle, @tracyalloway, @wallstcynic, @joesaluzzi, @kofinas, @jamessurowiecki, @bc_trevor, @nkulw, @maxwellstrachan, @robinwigg, @realpauleverton, @quantian1, @coryklippsten, @ajb_powell, @concodanomics, @thestalwart, @mattzeitlin, @matt_levine, @katie_martin_fx, @fxmacro, @degenspartan, @thestalwart, @wallstcynic, @silvermanjacob, and @robinwigg
| Tim Copeland / The Block: |
OpenSea acquires NFT aggregator Gem, which helps users buy and sell NFTs across marketplaces, for an undisclosed sum; Gem will operate as a standalone brand — Quick Take — NFT marketplace OpenSea has acquired NFT aggregator Gem. — Gem will continue to operate as a standalone brand.
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OpenSea Blog, Maker Minds, CoinDesk, crypto.news, SiliconANGLE, Cryptopolitan, BuzzFeed News, Decrypt, Crypto Briefing, and NFT Evening
Tweets: @opensea, @gemxyz, @0x_b1, @mayazi, @mdudas, @cecianasta, @gemxyz, @mrjasonchoi, @timccopeland, and @alex
| Lucas Shaw / Bloomberg: |
Sources: Netflix staff morale is down amid its declining stock price, subscriber losses, and an engineering restructuring to create “junior” and “senior” levels — As Netflix shares plunge to their lowest point in five years, the company risks losing its most valuable resource: its star employees.| Mengqi Sun / Wall Street Journal: |
Crypto exchanges and companies are poaching more legal talent, as the industry faces increased regulatory pressure; law firms are also building crypto practices — Crypto exchanges and companies are poaching attorneys to help them navigate an evolving regulatory landscape and to cut down legal costs| Catherine Stupp / Wall Street Journal: |
Three German wind-energy companies have suffered cyberattacks since Russia's war in Ukraine, taking 2K+ turbines' remote control systems offline for a day, more — Three Germany-based wind-energy companies have been the targets of cyberattacks since Russia's invasion of Ukraine … | Brendan Sinclair / GamesIndustry.biz: |
Activision Blizzard reports Q1 revenue down 22% YoY to $1.77B, net income down 36% YoY to $395M; the Activision segment had 100M MAUs in Q1, down 33% YoY — Modest revenue growth at King offset by 49% drop from Activision, 43% decline from Blizzard as MAUs hit new lows
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Video Games Chronicle, Business Wire, CNBC, Seeking Alpha, Axios, Fortune, MobileSyrup, Wall Street Journal, Hollywood Reporter, Barron's Online, and VentureBeat
Tweets: @chriskeall and @gibiz
| Financial Times: |
UK virtual events startup Hopin, which raised $1B+ and reached a $7.8B valuation, is struggling; its Explore page lists fewer than 500 events, down from 15K+ — British group gained $7.8bn valuation in pandemic, but lay-offs and slump in secondary market trades have followed
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TechCrunch and Newslit Daily
Tweets: @kadhim, @alexhern, @sarthakgh, @triketora, @aallan, and @kadhim
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