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Tech Brew Ride Home

Mon. 04/25 – Wherein I Race Elon On Breaking News

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 25 April 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

By the time you hear these words, Elon Musk might already own Twitter. A big Java vulnerability. All of Mark Gurman’s expectations for the iPhone 14. Where and by how much, tech worker salaries are rising. And why the struggles at Netflix might lead to worse television across the board. Sponsors: HubSpot.com discover.upland.me/techmeme Links: Twitter Eyes Deal With Musk as Soon as Monday (Bloomberg) Analysis: Musk tears up buyout playbook with $46.5 billion Twitter financing (Reuters) Major cryptography blunder in Java enables “psychic paper” forgeries (ArsTechnica) The iPhone 14 Is Less Than Six Months Away. Here’s What to Expect (Bloomberg) Tech Wage Inflation Puts Pressure on Companies (WSJ) Netflix and Facebook have given up most of the last few years’ gains since tech’s November peak (CNBC) The Netflix Nightmare: What Happens When an Industry Becomes a Squid Game (Vanity Fair) 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 Monday, April 25th, 2022.

0:07.6

I'm Brian McCullough today.

0:09.2

By the time you hear these words, Elon Musk might already own Twitter. A big Java vulnerability has been

0:15.5

patched all of Mark Germin's expectations for the iPhone 14, where and by how much

0:20.6

tech worker salaries are rising and why the struggles at Netflix might lead to worse television across the board.

0:27.0

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

0:32.0

Well, I wrote and recorded this segment last because I was trying to hold out for news to maybe happen

0:39.6

before I published. Sources are saying that Twitter could reach a deal with Elon Musk for a takeover

0:45.3

as soon as today.

0:47.3

Twitter's board apparently met Sunday to discuss Musk's bid, which is being considered

0:52.2

more seriously after Musk's filing actually

0:55.0

detailed where all the financing was coming from, quoting Bloomberg.

0:59.2

Twitter started warming up to a potential deal after Musk revealed a financing plan for the unsolicited

1:04.8

bid that included backing from Morgan Stanley and other institutions.

1:08.5

The situation is fluid and talks could drag on longer or fall apart, the people said.

1:12.6

Still, the social media company is working to hammer out terms of a transaction and could

1:16.8

reach an agreement as soon as Monday if negotiations go smoothly, according to the people

1:21.2

who ask not to be identified because the information is private.

1:24.0

Musk is lining up partners for the acquisition and continues to speak to potential co-investors, one of the people said, end quote.

1:30.0

So at the time of this recording, it hasn't happened yet, but I'm just going to get this out and hope Elon doesn't scoop me between now and then.

1:38.0

Reuters is reporting that the bid deal includes a risky 12.5 billion dollar margin loan secured against

1:45.4

Tesla stock and potentially costing around $1 billion a year alongside the

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