No matter if you think
@yoyoel
did an amazing or terrible job at Twitter, or have no opinion at all, what
@elonmusk
did to him yesterday was both dangerous and disgusting.
It’s the sort of thing that would cause most boards to call a special meeting. But Twitter doesn’t have one
Nothing to see here, just the owner of this site and a presidential candidate chatting it up with a man indicted for rape/human trafficking and another who lied about dead kids to harass their grieving parents.
This may really be the bottom.
Crowdsrike is not a Ukranian company.
It's based in Silicon Valley. It's listed on the Nasdaq.
Its largest shareholder is a private equity firm from which Trump hired his top international econ advisor (who later became Ambassador to India).
1/ This is silly (as is the hearing). We know where most of
@elonmusk
$$ came from for Twitter, in terms of banks and outside equity.
2/ The idea that any passive investor can influence how Musk operates his companies runs counter to most of Musk's history.
Plaskett to Jim Jordan: "Americans can see through this. Musk is helping you out politically, and you're going out of your way to promote and protect him and to praise him." She then adds, "there are many legitimate questions about where Musk got the financing to buy Twitter."
Oh man this is amazing. No random public announcements (that's normal) except Elon Musk is allowed to tweet about the deal (lol) but not if he insults Twitter. I'll get back to the previous topic in a second, but this was too delightful to ignore. /9
Two days ago, I asked Truth Social spokesperson about the company's financial viability.
She replied that I was "illiterate," without answering my question.
Today, the SPAC that agreed to buy Truth Social fired its chairman and CEO.
Every time I see shock that Hunter Biden was put on a board of directors for which he wasn't qualified, I wonder if the person has ever looked at most boards of directors.
Except that there are tons of U.S. govt investigations.
Some of SBF's investors are the same as the ones who co-invested on Elon's takeover in Twitter.
Another FTX exec gave around $20 million to Republicans.
In short, this is factually wrong and intellectually dishonest.
Sequoia Capital has long been the gold standard of venture capital. Bar none.
But two of its largest ever checks, if not its largest, are in companies without boards of directors or CFOs.
FTX just bit the dust. And you're reading this on the other one.
There is little more frustrating than having a kid who’s unable to get vaccinated be put at greater risk by adults who simply refuse to get vaccinated.
I get that covid is likely endemic now, and for our lifetimes, but so much callous dismissal of the social contract is stunning
Disappointed that the Cheddar Bay Biscuits recipe wasn’t broken out as a separate asset in the Red Lobster bankruptcy filing.
It deserves its own valuation.
America, in two acts:
"Take a vaccine that could save my life, or the lives of my loved one? Nah."
"Take a vaccine that could get me free fries from Shake Shack or a 0.0000001% chance at winning a million dollars? Sign me up!"
Surprised to see
@jack
write that
@elonmusk
should have just paid Twitter $1 billion to get out of their deal.
Surprised because that wasn’t really an option Musk had. That was a breakup fee that only applies if musk couldn’t close the deal (e.g. regulatory block, etc).
NEW: On the flight home from Wisconsin, the President told us he plans to pardon someone “very, very important” tomorrow who is not Edward Snowden or Michael Flynn.
Doxxing is always a bit of a strange concept for those of us who remember when giant catalogs of everyone’s phone numbers and home addresses were delivered annually to our front doors.
Cord-cutting is supposed to be so that you don't pay massive cable bills.
So, now, instead you will pay for Netflix, Hulu, Amazon, Disney+, HBO Go, etc.
This didn't work out as expected.
Yes, it is commendable that AT&T is giving its employees a $1,000 bonus. But it's $200 million, for a company that had $13 billion in profit last year. Or, put another way, it didn't need tax cut to do it. This is PR.
There is some hypocrisy in criticizing FB for not catching everything on its platform by a group of U.S. Senators who admit to not reading giant spending bills before voting on them.
Previously, we issued a warning before suspension, but now that we are rolling out widespread verification, there will be no warning.
This will be clearly identified as a condition for signing up to Twitter Blue.
Please don't be IHOP Blockchain. Please don't be IHOP Blockchain Please don't be IHOP Blockchain. Please don't be IHOP Blockchain. Please don't be IHOP Blockchain.
I'm on the road today, working out of a hotel. Alone. So I have laptop out at hotel restaurant.
Small boy (1.5 yrs?) walks up to me. Taps my leg. Mother runs up apologetically: "He thinks you're his dad, because he's always working on a laptop."
Little part of me dies inside.
Airlines should get the emergency loans. But not until the CEOs first are required to wait on hold for an hour. Disconnected by accident. Put on hold for another hour. Then connected to the wrong person. Then be told the loans have been misplaced but will be delivered by Tuesday.
As I wrote yesterday, Apple/Google banning Parler from app stores is a much bigger deal than Twitter banning Trump.
But if AWS were to remove Parler from its service, that would be bigger deal than all of the rest put together.
New Sanders tax plan would really screw over a lot of startup employees -- would tax options at vest, rather than at exercise.
Many employees would be unable to pay -- forcing them either to give up options or take out loans.
Good suggestion from a friend:
Try to buy gift certificates from your favorite local establishments, particularly mom/pop. Even via phone. Gives them much needed cash flow today, and you’ll get to use them eventually.
That feeling of rage when you walk by a single family house on thanksgiving with 12 cars lined up outside it. And you know they have kids in the local school.
Based on correspondence and conversations with Maricopa County officials, we are now confident that the use of Sharpie markers did not result in disenfranchisement for Arizona voters. We appreciate the county’s prompt insight and assurances to address public concerns.
This is a very important moment for VCs to prove their worth. That fabled “value-add.”
If a VC fund has access to capital (ie not tied up in Svb), it can offer now to front the 3/15 payroll, if it proves necessary.
Lowercarbon just did this, per letter to founders. Who’s next?
Sequoia Capital is declining comment.
Twitter is one of the largest, if not the largest, investments in its history.
Like w/ FTX, there's no board of directors. Which Sequoia and others knew going in, or at least didn't require as condition of investing
Fallen so far so fast.
Just checked into NYC hotel, and realize that my room windows look directly into an apartment I lived in 18 yrs ago.
So I'm kinda staring. Then a woman appears. Sees me. Pulls the blinds.
She and I have a very different understanding of what just happened.
If you don’t want the COVID vax because it’s “experimental,” you’re gonna be in a real pickle if you get hospitalized and get told the FDA status of most of your treatment options.
I first wrote about
@moderna_tx
more than 6 yrs ago, when it was just an ambitious local startup raising venture capital.
Today I got a Moderna vaccine that will let me spend time with friends, family and colleagues again.
Some VC-backed startups really do change the world.
Reminder that lots of ex-Twitter employees say Elon has failed to provide promised severance. Would be remarkable if some of them ended up at Meta, and aren't subject to NDAs, etc. because Elon violated the employment agreements...
CNBC report that FTX will buy BlockFi for just $25 million.
The company raised $1.2 billion in equity capital -- this is a massive loss for venture land.
@TuckerCarlson
Per
@sarafischer
: Firing was NOT part of Dominion settlement.
"Instead related to material uncovered during pre-trial discovery and the company is concerned that more information exists that could be legally damaging..."
Kudlow to CNBC: when I said the virus was contained a month ago, it was true. “No one could have imagined” the increases in cases.
Wrong and even more wrong.
Love what my kid's teacher "assigned" today via Google Classrooms:
Ask a family member to tell you their least favorite chore.
Do that chore.
Write what it was like to do the chore.
Josh Kopelman of First Round Capital: we can look at every company we’ve ever funded, and learned that the time from first email/contact to term sheet has shrunk from 90 days in 2004 to just 9 today.
The "Silicon Valley VCs moving to the Midwest" story is a bit like your friend saying after a vacation to a tropical island: "I might just quit my job and live there forever."
It's not happening.
What to know:
1/ Fed is backstopping all SVB depositors. Everyone gets access to everything tomorrow. Crisis averted.
2/ There does not yet appear to be a deal to sell any part of SVB.
As a response to Trump being banned, this is backward.
If you strip Sec 230, social media platforms will ban MORE people, because the platforms could be sued for what's posted on them.
Trump could sue for ban, but Twitter's defense wouldn't be 230. It would be owning Twitter.
@vijaya
Once again, trolly tolls... I'm not mad/sad/angry/etc. about this deal. I'm just covering it. Sorry to disappoint...
If you want to believe differently, I can't stop you from being wrong.
Someone has begun getting the Sunday NYT delivered to my street’s Little Free Library. At first I thought it was a mistake, but it’s been going on for weeks.
Update: WH official tells me that Microsoft (or another buyer) only needs to have an agreement in place with ByteDance or other TikTok buyer within 45 days, not that deal must close by then.
Makes way more sense, even though it's not how EO reads.
I cannot quite imagine the logistical nightmare of recalling 125,000 treadmills. These things required 3 delivery people each, which is a reason Peloton stopped delivering early in pandemic.
People can't mail them. Or drive them to the store.
Regeneron: "In the USA, this type of compassionate use program is... intended for patients with serious or life-threatening conditions who do not have any viable or available treatment options, and are unable to participate in ongoing clinical trials."
Benchmark's stake in Uber, including prior sale to SoftBank, valued at $7.65 billion.
Investment made out $425 million fund raised in 2011.
All VC fundraising for 2011 was $24.7 billion.
Benchmark returns 1/3 of entire VC vintage year with a single deal.
I coach my daughter's soccer team. They're 10 yrs old.
Not one of them has ever complained about playing with a mask on, this season or last. It's just not the big deal to kids as it is to some adults.