April 26, 2022
Good morning! Elon Musk is officially acquiring Twitter in a surprising but fitting conclusion to the Tesla CEO’s one-sided love story. What does Musk’s obsession mean for Twitter’s future? I’m Owen Thomas, and my reporting once prompted Tesla to update its S-1 filing with Elon Musk’s pending divorce as a risk factor. Hoo boy, was he mad about that one!
You already know that Elon Musk has persuaded Twitter’s board to accept his $54.20 per share offer to take the company private. He did this not because he wants to make money — though his financiers will likely want and expect the investment to turn profitable. He did it because he loves Twitter.
He loves Twitter, and no one else loves Twitter quite as much as he does. That’s likely why the board felt pressured to accept his offer, because no alternative bidders emerged. Musk’s price is well below Twitter’s 52-week high, but the board would have to persuade Wall Street that it had a better plan for getting it back to those heights, and if it had one, it sure didn’t do much to air it.
The best way to understand what just happened with Twitter is to listen to a story about how Elon Musk wooed his first wife, Justine.
Elon Musk is nothing if not persistent. Here, we’ll let Justine tell you.
Musk is promising big changes for Twitter. He’s not very good with promises.
So what happens now with the object of Musk’s affection?
We’ll leave you with one final thought, from Musk. “I do love humanity,” he recently tweeted. This is why he keeps showing up with dripping ice cream cones at humanity’s doorstep. We know what we ought to do — but hey, ice cream.
— Owen Thomas (email | twitter | dog’s Instagram)
Truebill’s Haroon Mokhtarzada said the main reason people cancel their subscriptions is exactly what you’d think it is:
Jeff Bezos, on the other hand, questioned whether Musk’s deal gave China some grip on Twitter:
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Rohit Chopra will testifyin front of the Senate Banking Committee today at 10 a.m. ET. He's expected to talk about topics like competition and open banking.
Marjorie Janiewicz is Foursquare’s new CRO. Janiewicz last worked at HackerOne and MongoDB.
Ryan Carson left Moonbirds to start his own NFT venture fund. Carson was Moonbird’s COO.
Laura Malinasky is Scribd’s first chief legal officer. Malinasky was most recently the chief legal and compliance officer at Planet Labs.
Craig Martell is the Pentagon's new chief digital and AI officer. Martell was the head of Machine Learning at Lyft.
Julie Gao is ByteDance’s new CFO, according to Reuters. Gao is currently a corporate attorney at Skadden.
Karan Chawla joined 21Shares as VP of Product. Chawla previously led payments in the U.S. and Canada for Uber.
More Amazon workers want to unionize. This time, fulfillment workers in Canada's Alberta and the Northwest Territories submitted an application to vote.
Uber will pay a fine for misleading users on cancellation charges in Australia. It may need to hand over about $19 million.
The Bored Ape Yacht Club’s Instagram was hacked yesterday, and millions of dollars in NFTs were stolen.
SpaceX wants to bring Starlink internet to Hawaiian Airlines.It's the second deal SpaceX has made with air carriers to implement in-flight Wi-Fi.
Reddit officially introduced its Community Funds program, which gives financial support to users’ community projects and events. Reddit dropped $1 million on the fund.
Apple is working with anti-union lawyers at Littler Mendelson, which is also helping Starbucks with its fight against organizing, as its own workers push to unionize.
The Brooklyn Public Library is fighting a ban on some books with e-cards. The library will let people between 13 and 21 years old from anywhere in the country apply for a digital card.
Meta is going from Facebook to the metaverse to a store near you. It’s opening its first Meta Store in Burlingame next month, and the whole point of it is for you to see VR to believe in VR.
The store will sell hardware products like Portal smart displays, Quest VR headsets and smart glasses (the ones that look like Ray-Bans). You can try the products out at the store, too, by demoing apps on Quest 2 and projecting what you're playing onto a wall.
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