Thu. 04/21 – Ok. Funding Actually Secured?

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 21 April 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ok. Funding actually secured, Elon? For real this time? A look at Tesla’s good earnings and monster margins. Unions are coming for big tech, it seems. A reckoning is coming for the lightning cable, it seems. And advertising in your console games is inevitable, it seems. Sponsors: Composer.trade/ride Policygenius.com Links: Twitter Has a Poison Pill Now (Matt Levine/Bloomberg) Elon Musk Says He Has Commitments for $46.5 Billion in Financing for Twitter Deal (WSJ) Elon Musk lays out funding for ambitious Twitter takeover (The Verge) Tesla record profit blows away estimates (CNN Business) Tesla reports $18.76 billion in revenue and record margins in Q1 (CNBC) Apple Store workers in Atlanta are the first to formally seek a union. (NYTimes) Amazon opens up Prime delivery service to other retailers in its latest move to compete with FedEx and UPS (CNBC) PlayStation Wants Ads In Its Games, Too (IGN) MEPs vote to expand scope of common charger rules (TechCrunch) Zoom’s thumbs-up and raise-hand gesture recognition now works in its desktop apps (The Verge) 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 21st, 2022.
0:08.0	I'm Brian McCullough today.
0:10.0	All right, funding actually secured Elon for real this time.
0:14.3	A look at Tesla's good earnings and monster margins.
0:17.6	Unions are coming for big tech, it seems.
0:20.8	A reckoning is coming for the lightning cable it seems, and advertising in your
0:25.0	console games is inevitable, it seems. Here's what you miss today in the world of tech. So this is really going to happen, huh? A new filing that dropped this morning
0:36.8	revealed that Elon Musk says he has secured 46.5 billion dollars in
0:41.4	financing for a Twitter acquisition and we'll explore a tender offer.
0:45.0	The reason I'm saying, I guess this is maybe going to happen now is that a tender
0:50.9	offer has a way of forcing things to happen.
0:54.4	Here's how Matt Levine described a theoretical tender recently.
0:58.0	Quote, a tender offer is just a big coordinated public offer
1:01.5	to buy stock open to all shareholders at the same price.
1:05.2	You announced to all shareholders, I want to buy 51% of this company and I'll pay $50 per sharing
1:10.4	cash, but I won't buy more than 51%. More than 51% tender you pro-rate
1:15.9	the offer not buying all the shares that are tendered you get to exactly 51%
1:20.3	paying 50 dollars per share. You proceed as above, taking control of the board, etc."
1:26.2	End quote.
1:27.2	Quoting the Wall Street Journal.
1:29.1	In a securities filing, Mr. Musk also said that given the lack of a response from Twitter's board, he is now exploring
1:34.8	a tender offer to acquire shares of Twitter directly from shareholders, though he said
	...

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