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Tech Brew Ride Home

Fri. 05/13 – Elon Puts Twitter Bid On “Hold,” But Is “Still Committed”

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 13 May 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

Ok. Are you sitting down? Would you believe me if I told you Elon Musk is giving signals that the Twitter deal might be off? Could we fix the whole stablecoin mess if we just turn it off and turn it back on again? The refugees from Meta’s failed crypto project have a new startup to call home. And, of course, the Weekend Longreads Suggestions™. Sponsors: Superside.com/techmeme Masterworks.io/ride Sponsors: Elon Musk says Twitter deal ‘on hold’ after spam / fake account report (The Verge) Terraform Again Halts Blockchain Behind UST Stablecoin, Luna (Bloomberg) Ex-Meta crypto chief David Marcus launches Bitcoin payments startup backed by a16z and Paradigm (TechCrunch) Weekend Longreads Suggestions™: Terra: To the Moon and Back (Not Boring) Why financial engineering has gone full circle with Terra (The Blind Spot) Tech workers in Latin America want to make Spanish the primary language of programming (Rest of World) The Thing That Makes It Work Means It Doesn’t (Garbage Day) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Mem Ride Home for Friday the 13th of May 2022.

0:09.2

I'm Brian McCullough today.

0:10.9

Okay, are you sitting down? Would you believe me if I told you Elon Musk is

0:16.2

giving signals that the Twitter deal might be off? Could we fix the whole stable coin mess

0:21.2

if we just turn it off and turn it back on again.

0:24.2

The refugees from Metas failed crypto project have a new startup to call home and of course the weekend

0:28.7

long read suggestions.

0:30.0

Here's what you miss today in the world of Tech.

0:38.0

From the who could have expected this in a million years, parentheses, everyone file,

0:41.0

Elon Musk tweeted this morning his Twitter deal is temporarily on hold.

0:46.2

Specifically, at 544 a.m. he tweeted, quote,

0:50.7

Twitter deal temporarily on hold. details supporting calculation that spam slash fake

0:56.5

accounts do indeed represent less than 5% of users, end quote.

1:01.5

He then linked to a Reuters article from May 2nd going into that, and then at

1:06.4

750 a.m. Eastern, he followed up by tweeting, quote, still committed to acquisition,

1:12.3

end quote.

1:13.4

Yeah, but meanwhile, Twitter's stock dropped as much as 20 percent,

1:17.9

as the street was taking this as further confirmation the deal might not actually happen,

1:21.9

which again, who could have predicted that in fact I'm kicking

1:26.4

myself we should have been taking wagers in terms of how many days it would be before

1:30.6

Elon himself would throw the deal into doubt.

1:34.0

Quoting the verge.

...

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