Mon. 04/04 – Elon Musk To Take Twitter Private? Funding Secured?

Tech Brew Ride Home

Amalgamated Internets, LLC

News, Tech News, Technology

4.7 • 1K Ratings

🗓️ 4 April 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

So, Elon Musk has taken a 9.2% stake in Twitter. I’d point out that the last time Twitter had an activist investor, it led to Jack Dorsey stepping down as CEO. Is drone delivery suddenly, and rapidly, becoming a reality? The nation of the United Kingdom is going to issue an NFT. And Mark Gurman’s math on how an Apple subscription would work. Sponsors: Grammarly.com/techmeme Links: Elon Musk Takes 9.2% Stake in Twitter After Hinting at Shake-Up (Bloomberg) Alphabet's Wing will begin drone deliveries in Dallas-Fort Worth on April 7th (Engadget) AMD Returns to Deal Making with $1.9 Billion Purchase of Chip Specialist Pensando (WSJ) NFTs to be launched by the Treasury later this year in crypto push (City AM) It’s a big day at the State Department for U.S. cyberdiplomacy (Washington Post) Why Apple Is Preparing to Let You Subscribe to Your iPhone (Bloomberg) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meam Ride Home for Monday, April 4th, 2022.
0:07.8	I'm Brian McCullough today.
0:09.6	So Elon Musk has taken a 9.2% stake in Twitter.
0:13.4	I'd point out that last time Twitter had an activist investor,
0:16.8	it led to Jack Dorsey stepping down as CEO.
0:19.5	Is drone delivery suddenly and rapidly becoming a reality, the nation of the United Kingdom
0:25.3	is going to issue an NFT, and Mark Germin's math on how an Apple subscription would work.
0:30.9	Here's what you missed today in the world of Tech.
0:36.0	Something something, what version of the Matrix were in and all that.
0:40.0	According to a filing, Elon Musk has taken a 9.2% passive stake in Twitter, worth
0:47.6	around $2.89 billion, thus becoming Twitter's largest shareholder.
0:53.0	Twitter shares rose about 26% in pre-market trading on the news.
0:57.0	Quoting Bloomberg,
0:59.0	Musk 50 polled his more than 80 million followers on Twitter last month asking them whether
1:04.2	the company adheres to the principles of free speech. After more than 70% said no, he
1:08.8	asked whether a new platform was needed and said he was giving serious thought to starting his own.
1:14.0	Musk has been one of the biggest personalities on Twitter and has regularly run into trouble on the platform.
1:19.6	The Tesla Chief Executive Officer is currently seeking to exit a 2018 deal with the
1:23.8	U.S. Securities and Exchange Commission that puts controls in place related to his
1:28.5	tweeting about the electric car maker. The announcement will be yet another major test for new Twitter CEO
1:33.8	Parag Agrowall who replaced Jack Dorsey after he unexpectedly resigned in
1:38.2	November. Agrowall vowed to increase accountability, make decisions faster, and to improve product execution.
	...

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