Fri. 05/13 – Elon Puts Twitter Bid On “Hold,” But Is “Still Committed”
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 13 May 2022
⏱️ 21 minutes
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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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