Musk wants out of his $44 billion Twitter deal, TechCrunch reports


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Jet-lagged and post-Covid-weary, Haje is back to join Christine to bring you great bits of tech news right here in this newsletter. Also, rumors (and the calendar) suggest it could be Friday. If that almost unverifiable rumor is actually true, then have a nice weekend. – Christine and: Right?

TechCrunch Best… 4

  • Friday Musk news dump. We had the newsletter ready to go, but as is usually the case late on a Friday night, there’s some breaking news. And once again we are talking about Elon Musk. CEO of many companies and The apparent father of a new set of twins decided with the head of one of those companies scuttle its deal to buy Twitter. But Twitter? not actually having it and said as much in his one-paragraph, two-sentence response to the news. This is a developing story, so keep your eyes right here for the latest.
  • Please checkThis is such a well done story Step: it details the decline of Butler Hospitality, which raised $50 million last year. It then ran into several challenges, ending with the company essentially leasing the hotel’s kitchen space to others to operate as a ghost kitchen, laying off hundreds of people and failing to meet its obligations.
  • Well, isn’t that a shock to the senses?There can be many reasons why someone doesn’t invest in an electric car, but teamToday’s story suggests that there is not enough trust in public charging infrastructure at large. It’s a legitimate fear indeed, because that 600 mile trip is going to end badly if there isn’t a reliable and quick connection point along the way.
  • The hunt for EV charging continuesWhere Tim’s story talked about electric car chargers in general was another top story today Jacqueline‘s, who wrote that the White House wants to expand charging capabilities and that Elon Musk is on board and working to expand Tesla’s Supercharger network.

Startups and VC

The Coalition, a San Francisco startup that combines cyber insurance and proactive cybersecurity tools, is set to expand outside the US for the first time. After a mega $250 million Series F round whose value reaches a whopping 5 billion dollars, carly reports.

We also particularly enjoyed the interview yours did with Sequoia Capital’s Jess Lee, on its new Arc program and whether or not it competes with Y Combinator. “We’re really looking for founders who want to build long-term, transformative, category-defining companies… that create a new market. There’s no one we’d rule out, but it’s more about the scale of ambition,” shares Lee.

Our money does not shrink, it folds.

The key art. work closely with investors to improve your chances

Image credits: MirageC: (opens in new window) / Getty Images

For her latest TC+ post, we asked veteran investor Marjorie Radlo-Zandy to share her playbook for helping first-time founders get their companies off the ground.

Changing direction is a huge undertaking, but he breaks the process down into several steps to help entrepreneurs get invested by investors (and employees).

“There’s no shame in spinning,” Radlo-Zandy writes. “On the contrary, it’s a sign of strength.”

(TechCrunch+ is our membership program that helps founders and startup teams get ahead. You can register here.)

Big Tech Inc.

We focus on one story first Taylor pick up around noon today Congressional investigation into period tracking apps and related data. By overruling Roe, there is concern that such data exists may pose a risk to those seeking reproductive care.

Today’s – well, technically late yesterday’s – big tech news can be summed up in three words: Twitter, cars, yachts. Not to be confused with the gym, tanning, laundry.

Amanda reports Twitter is targeting its talent acquisition team cutting 30% of that workforce. The company declined to elaborate, so we don’t know exactly how many people that is, but it’s safe to say that jobs at Twitter won’t be filled for a while. If that wasn’t already enough of a Twitter concern, Taylor follows the report it suggests Elon Musk is no longer interested in buying the company.

But wait, there’s more.





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