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75%
ELON MUSK TO REPORTEDLY CLOSE TWITTER DEAL BY FRIDAY
Yahoo Finance’s Alexis Keenan and Akiko Fujita discuss the timing of the
Twitter-Elon Musk deal ahead of the midterm elections and what that could mean
for content moderation.
Fortune
ELON MUSK ISN’T EVEN DONE BUYING TWITTER, BUT HE’S ALREADY PICKING A FIGHT WITH
APPLE OVER SPOTIFY AND PAYMENT GUIDELINES
Chris Morris
Wed, October 26, 2022 at 9:38 AM·2 min read
In this article:
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Elon Musk hasn’t wrapped up his purchase of Twitter yet, but he seems to be
already gearing up for another battle.
In a pair of late-night Tweets, posted just four minutes apart, Musk expressed
concerns about Apple’s business practices, specifically those surrounding
Spotify and app store guidelines.
The first was a reply to Spotify founder Daniel Ek’s tweet highlighting a New
York Times story about Apple’s three-time rejection of Spotify’s new app, as the
streaming service adds audiobooks to its offerings. Apple says the new app
violates its rules detailing how developers communicate with customers about
online purchases.
Ek used the story as a launching pad to decry the policies, saying “I can’t be
the only one who sees the absurdity.” Musk seemed to agree, replying
“Concerning.”
Moments later, he voiced support for venture capitalist Bill Lee’s criticism of
Apple’s 30% fee for in-app purchases, agreeing “30% is a lot.”
Criticisms about Apple and its app store policies are nothing new, of course.
Spotify has butted heads with Apple before, when it began offering podcasts. And
Epic Games took Apple to court last year over the policies, resulting in a split
decision where the judge upheld the app store’s structure as legal.
Musk loves a good fight, though, and this isn’t the first time he’s poked Apple.
In May, he tweeted that “Apple’s store is like having a 30% tax on the internet.
Definitely not ok,” following that up with “Literally 10 times higher than it
should be.”
And in July 2021, during a Tesla earnings call, he discussed plans allowing
competitors to use the company’s electric vehicle charging network, saying: "We
do want to emphasize that our goal is to support the advent of sustainable
energy. It is not to create a walled garden and use that to bludgeon our
competitors which is used by some companies."
He then faked a cough and added “Apple.”
So do Musk’s new criticisms of Apple mean he’s reviving the (somewhat one-sided)
feud? It’s possible. Tesla and Apple have lured employees from each other in the
past—and Musk tried to speak with Apple about possibly buying Tesla in the
automaker’s early days, but Tim Cook refused the meeting.
Story continues
Apple, as it has in the past, did not respond publicly to Musk’s comments.
This story was originally featured on Fortune.com
More from Fortune:
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cities, and there’s much further to fall
Let’s not circle back on that: These 10 corporate buzzwords are the most hated
in America
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* Engadget
NOTHING'S $99 EAR STICK EARBUDS HAVE A FANCY TWISTING CASE
Nothing’s second attempt at wireless headphones come in a carry case that
tries to combine a cosmetics packaging aesthetic with the glossy white,
transparent style of its other devices so far. While the Nothing Ear Stick is
cheaper than its predecessor, these buds lack noise cancellation. There are
no silicone buds this time around, either, although some headphone wearers
may find them a more comfortable fit.
10h ago
* MarketWatch
ELON MUSK SHOWS UP AT TWITTER HEADQUARTERS CARRYING A SINK AHEAD OF EXPECTED
DEAL CLOSING
Elon Musk posted video Wednesday showing him strolling into Twitter
headquarters ahead of a Friday deadline to close his $44 billion deal to buy
the company.
5h ago
* Fortune
KANYE WEST IS KEEPING QUIET AFTER REPORTEDLY LOSING HIS COVETED BILLIONAIRE
STATUS. HERE’S THE MONEY HE’S LOST
Ye stays silent after losing his much-coveted billionaire status due to his
increasingly anti-Semitic remarks.
12h ago
* Fortune
IF YOUR COVID VACCINE LEFT YOU FEELING TERRIBLE, IT PROBABLY OFFERED YOU
BETTER PROTECTION, NEW STUDY SUGGESTS
Scientists said post-vaccination side effects could be reframed as "signals
of vaccine effectiveness."
2d ago
* Fortune
AIRBUS IS GIVING ALMOST ALL OF ITS EMPLOYEES, INCLUDING SENIOR MANAGERS, A
$1,490 CASH BONUS TO DEAL WITH RISING INFLATION
“The volatility, uncertainty, complexity, ambiguity that characterizes our
environment have been further reinforced in recent months by the energy
crisis and inflation,” the company said in a memo obtained by French news
outlets.
1d ago
* Reuters
MUSK INFORMS CO-INVESTORS HE PLANS TO CLOSE TWITTER DEAL BY FRIDAY-SOURCE
Equity investors, including Sequoia Capital, Binance, Qatar Investment
Authority and others have received the requisite paperwork for the financing
commitment from Musk's lawyers, the source added. The move is the clearest
sign yet that Musk plans to comply with a Delaware court judge's deadline to
complete the transaction by Friday. The banks that committed to fund Musk's
buyout of Twitter have finished putting together the final debt financing
agreement and are in the process of signing the necessary documents,
according to a Bloomberg News report.
1d ago
* Fortune
EVEN A MILD CASE OF COVID CAN PUT YOU AT HIGHER RISK FOR BLOOD CLOTS AND
DEATH, ACCORDING TO A NEW STUDY
It’s not just loss of taste and smell.
1d ago
* The Root
AFTER AARON DONALD AND JAYLEN BROWN'S EXITS, DOES DONDA SPORTS HAVE ANY
CLIENTS LEFT?
It’s Wednesday morning, which means it’s time for another story in the saga
of Who Ended Their Business Relationship With Ye Last Night? To date, we’ve
tallied adidas, the most valuable business partnership in the Ye universe,
Gap, Balenciaga, his record label partners, his divorce lawyers. Calls to his
landscaper, dog groomer and UPS guy were unreturned.
9h ago
* MoneyWise
WITH HOMES COSTING 55% MORE TODAY THAN A YEAR AGO, EXPERTS SAY THIS NICHE
TYPE OF MORTGAGE IS INCREASINGLY ATTRACTIVE FOR BOTH BUYERS AND SELLERS
But they're not a good fit for everyone.
6h ago
* Associated Press
TAKEAWAYS FROM INVESTIGATION OF RUSSIAN GENERAL IN UKRAINE
The carnage left by Russian soldiers on the road to Kyiv wasn’t random. It
was strategic brutality, perpetrated in areas that were under tight Russian
control where military officers — including one of Russian President Vladimir
Putin’s top generals accused of war crimes in Syria — were present, an
investigation by The Associated Press and the PBS series “Frontline” found.
Troops moving down from Belarus toward Kyiv had been ordered to block and
destroy “nationalist resistance,” according to the Royal United Services
Institute, a London think tank that has reviewed copies of Russia’s battle
plans.
5h ago
* Fortune
AT SAUDI ARABIA’S DESERT DAVOS, GOLDMAN SACHS’ CEO SAYS A U.S. RECESSION IS
LIKELY FOR ONE KEY REASON. JAMIE DIMON AGREES
At Saudi Arabia’s big investment conference, David Solomon said the Federal
Reserve should be ready to continue raising interest rates above 4.5%.
7h ago
* Gizmodo
CAN YOU SPOT THE DIFFERENCES IN WEBB AND HUBBLE IMAGES OF THE SAME GALAXIES?
This summer, Webb Space Telescope imaged a pair of merging galaxies known as
IC 1623 A and B (collectively, just IC 1623). Now, the veteran Hubble Space
Telescope has captured a new shot of the same pair, after first imaging them
back in 2008. The differences in the two views showcase the varying strengths
of these telescopes, as one sees the universe primarily in visible and
ultraviolet light and the other sees in infrared.
8h ago
* Yahoo Finance Video
APPLE REPORTEDLY 'UNDERCUTTING' OTHER BUSINESSES THROUGH NEW APP STORE RULES
Yahoo Finance tech editor Dan Howley details the criticism Apple is facing
for its new rules on its App Store and how it impacts other businesses.
5h ago
* Yahoo Finance
THE SLOWDOWN HAS COME FOR THE CLOUD BUSINESS
The economic slowdown is slamming into some of the cloud industry's biggest
names.
5h ago
* Motley Fool
AT&T FIBER IS FIRING ON ALL CYLINDERS? NOT SO FAST.
Telco giant AT&T (NYSE: T) is finally showing some much-needed signs of life.
The company picked up an impressive 708,000 postpaid wireless customers last
quarter, and added 338,000 fiber broadband subscribers. AT&T says it's grown
its wireless business more than any of its rivals have this year, in fact,
and touts 11 consecutive quarters of fiber broadband customer growth in
excess of 200,000.
12h ago
* American City Business Journals
AMC THEATERS IN L.A. ARE FIRST TO GET UPGRADED WITH CINIONIC LASER PROJECTION
Moviegoers experiencing Laser at AMC can expect improved picture contrast,
maximum picture brightness and more vivid color on-screen.
10h ago
* TheStreet.com
MARK ZUCKERBERG WHO? MEET FACEBOOK'S COMPETING METAVERSE
For Mathieu Nouzareth, U.S. chief executive of the Sandbox, the past few
weeks have been somewhat curious . The Sandbox is developing a metaverse
alternative to the one Meta Platforms is building, And Nouzareth is hearing
everywhere that the metaverse is in trouble. Zuckerberg in October 2021 gave
Facebook a new name, Meta, explaining that the metaverse was the next big
thing.
7h ago
* The Wall Street Journal
SNAP CEO EVAN SPIEGEL SAYS APPLE’S PRIVACY CHANGES ARE EVOLVING TO HELP
DEVELOPERS
Apple’s privacy changes have hurt Snap’s business, but CEO Evan Spiegel said
he sees a “real commitment from the Apple team to continue to improve so that
their developers can be successful on their platform.”
20h ago
* Engadget
APPLE'S NEW ICLOUD WEB INTERFACE IS MUCH MORE USEFUL THAN BEFORE
Apple has launched a major redesign of the iCloud web interface in beta, and
you might just like using it.
5h ago
* CoinDesk
ETHEREUM’S LAYER 2 ROLLUPS REDUCE COSTS, BUT THE RISKS ARE UNDERAPPRECIATED
Ethereum’s incumbent rollup networks cannot currently claim that they
“borrow” Ethereum’s security. Valid Points is CoinDesk’s weekly newsletter
that breaks down Ethereum’s evolution and its impact on crypto markets.
13h ago
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