July 13, 2022
Photoillustration: Twitter; Getty Images; Protocol
Good morning! Twitter is officially suing Elon Musk for trying to get out of his acquisition. Is he stuck with it?
In a move we all saw coming, Twitter sued Elon Musk Tuesday for trying to back out of his $44 billion acquisition of the company.
The odds of Musk getting out of this deal with a $1 billion slap on the wrist are ... not great. He did, after all, sign a binding agreement to buy the company, in which Twitter has strong protections against him walking away.
But forcing him to buy a company he no longer wants? That seems, as Protocol Fintech editor Owen Thomas put it, “extra.” Dan Ives, managing director of equity research at Wedbush, said in the firm’s guidance that there “are a range of possibilities” that can come from the case, including Musk paying Twitter damages or buying the company at a discount.
But Twitter, alleging in the lawsuit that his indecisive attitude towards the deal has done “irreparable harm” to the company, “is holding Musk's feet to the fire to finish the deal at the agreed-upon price,” Ives said.
— Nat Rubio-Licht
Following the Biden Administration’s executive order Friday calling to protect abortion health access, which included privacy protection recommendations for sensitive data, the FTC committed to cracking down on illegal sharing of such data. But that may not be enough.
The executive order asks the FTC to protect consumer privacy when seeking abortion care. The agency later “committed to using the full scope of its legal authorities” to do so.
These laws aren’t always going after the right kind of data, Protocol chief correspondent Issie Lapowsky told me. Even the most cautious organizations working on providing access to abortions have data privacy policies that leave things like IP addresses and URLs vulnerable.
Federal legislation containing the right to make a platform delete your data or opt out of collecting it may help, Issie told me, and a bill is currently being considered to allow just that. But until it's passed, the burden of data protection falls on the consumer.
Google Play connects small apps and games businesses with over 2.5 billion Android users in 190 countries. From productivity apps to mobile games, and from small businesses to large-scale public companies, over 500,000 US developers choose to build their businesses on Google Play.
Everyone has an idea for what the future of work will look like. But Fiverr CEO Micha Kaufman thinks the company has had the answer for years.
I chatted with Kaufman this week about talent as a service, the future of the freelancer market and Fiverr’s plans for helping businesses enlist freelancers. Here are some highlights from the conversation, which you can read in full here.
The 16-year-old behind the Lapsus$ hack just wanted to be famous online:
Elon Musk said Donald Trump should “hang up his hat and sail into the sunset” after Trump mocked him:
Spotify bought Heardle, a music trivia game, for an undisclosed amount.
GoPuff is cutting 10% of its staff and closing dozens of warehouses. Around 1,500 people will be affected.
Ev Williams is stepping down as CEO of Medium. He will be replaced by Tony Stubblebine, CEO of online coaching company Coach.me.
Matt Hicks is replacing Paul Cormier as Red Hat's CEO. Hicks currently leads Red Hat's products and tech.
Claire Fang is SeekOut’s first chief product officer. Fang last held the same role at Qualtrics.
Rebecca Hahn is Twitter’s new VP of global comms. Hahn previously led comms at Bird.
Jared Cohen joined Goldman Sachs to help start a new innovation group. Cohen founded Jigsaw and worked closely under Eric Schmidt.Hopin’s COO, CFO and chief business officer are out. It’s unclear if they left voluntarily.
Apple's consulting deal with Jony Ive is over, sources told The New York Times. Ive wants to work with clients outside the company, which was hard to do under his agreement with Apple.
Google's the latest to slow hiring. Sundar Pichai said the company needs to work with "greater urgency" and "more hunger" than before.
Twitter took center stage at the Jan. 6 hearing yesterday. A Twitter employee said he tried to warn the company of potential violence that day, and a former homeland security chief said Trump’s tweet ahead of the insurrection brought violent groups together.
The leaders of Three Arrows Capital are nowhere to be found, but liquidators won the right to subpoena them anyways, along with the banks and digital asset exchanges tied to the fallen crypto hedge fund.
Amazon is working to develop cancer vaccines. Collaborating with the Fred Hutchinson Cancer Research Center, the company recently launched an FDA-approved clinical trial.
Police got user footage from Amazon's Ring cameras almost a dozen times this year, the company told Sen. Ed Markey. Markey had asked Amazon a series of other questions about how police officers use Ring.
Rivian’s R.J. Scaringe will talk about layoffs and project cuts during a meeting with workers on Friday.
HBO and HBO Max swept the Emmy nominations. HBO got 140, Netflix got 105, Apple TV+ got 58 and Disney+ got 34.
Happy Prime Day to all those who celebrate. How much do you rely on two-day shipping, grocery delivery or Amazon Prime video? If you’re still iffy on whether or not you need Amazon Prime, the Washington Post put together a quiz for you to figure it out. The Post also has tips on how to pay less for your subscription.
Android was founded on the belief that openness would help people access technology, and help developers reach a world of potential customers. Today, Google Play helps developers grow by connecting them with consumers in over 190 countries.
Thoughts, questions, tips? Send them to firstname.lastname@example.org, or our tips line, email@example.com. Enjoy your day, see you tomorrow.