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Tech Brew Ride Home

Thu. 04/14 – Elon Hostile Takeover Of Twitter (Funding Secured?)

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 14 April 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

Well, he went and did it. Elon Musk told Twitter’s board he wants to buy the whole company. The bids for a Jack Dorsey NFT are anemic. A warning from the US government about industrial cyber-attacks. Meta’s entire metaverse product roadmap. And say hello to the new hottest social network among the kids. Sponsors: CodeCademy.com promocode ride LiveOuter.com/techmeme Links: Elon Musk Makes $43 Billion Unsolicited Bid to Take Twitter Private (Bloomberg) US agencies warn of custom-made hacking tools targeting energy sector systems (The Record) ‘Jack Dorsey’s First Tweet’ NFT Went on Sale for $48M. It Ended With a Top Bid of Just $280 (CoinDesk) MARK ZUCKERBERG’S AUGMENTED REALITY (The Verge) Gen Z’s new favorite app (Axios) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Ride Home for Thursday, April 14th, 2022.

0:07.9

I'm Brian McCullough today.

0:09.7

Well, he went and did it.

0:11.4

Elon Musk told Twitter's board he wants to buy the whole company.

0:15.0

The bids for a Jack Dorsey, NFT are anemic.

0:19.0

A warning from the U.S. government about industrial cyber attacks.

0:22.0

Meta's entire Metaverse product

0:24.6

roadmap leaked and say hello to the hottest new social network among the

0:29.8

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

0:36.0

Good morning friends.

0:38.0

Elon Musk, delivered to Twitter's Board of Directors a non-binding proposal to acquire all of Twitter's outstanding stock for $54,

0:46.9

20 cents a share in cash in a deal worth a total of $43 billion. Yes, he took $50 a share, added $4.20 to it. As someone on

0:58.6

Twitter said, I wonder how hard it was for him to decide between for 20 or 69.

1:04.7

Anywho, quoting Bloomberg.

1:07.3

The world's richest person will offer $54.20 per share

1:10.9

in cash, representing a 54% premium over the January 28th

1:14.5

closing price and a valuation of about 43 billion dollars. The social

1:18.7

media company shares soared 18% in pre-market trading, though I should note that when the markets opened, they were only up maybe 5%.

1:27.0

Musk 50 announced the offer in a filing with the U.S. Securities and Exchange Commission on Thursday after turning down a potential board seat at the company.

1:35.8

The billionaire who also controls Tesla first disclosed a stake of about 9% on April 4th.

1:41.4

Tesla shares fell about 1.5% in pre-market trading on the news.

1:46.0

Twitter said that its board would review the proposal and any response would be in the best interest

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