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April 25, 2022, 6:30 PM
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memeorandum
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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Twitter, New York Times, Bloomberg, On my Om, BBC, Tom's Guide, Input, Popular Mechanics, The Verge, Insider, The Register, Japan Today, TechCrunch, TNW, Ars Technica, New York Times, Crypto Briefing, Associated Press, ZDNet, Macworld, Silicon Valley Business …, Decrypt, Thurrott, BetaNews, Appleosophy, The Hill, MacRumors, PYMNTS.com, XDA Developers, Android Police, 9to5Mac, GeekWire, AppleInsider, TechCrunch, The Block, NBC News, The Irish Times, Android Authority, TNW, CoinDesk, Gizmodo, Reuters, Axios, VICE, Fast Company, Associated Press, MarTech, The Week, Washington Post, TechCircle, afrotech.com, BuzzFeed News, SlashGear, Fossbytes, iotworldtoday.com, The Mac Observer, Android Central, CowboyRadio Feed, Twinfinite, Light Reading, Video Games Chronicle, PlausibleFoolishness's …, MobileSyrup, iMore, TechRadar, Neowin, Financial Times, Variety, TechSpot, Deadline, iPhone in Canada Blog, and ZyCrypto
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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New York Times, Bloomberg, Financial Times, CNBC, The Verge, New York Post, CryptoPotato, and USA Today
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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