3 chapters across the catalog
Elon Musk announced that his $44 billion purchase of Twitter is on hold pending verification that spam and fake accounts represent less than 5% of users. The news caused Twitter's stock to plummet. Analysts suggest Musk is using the bot issue as a negotiating tactic to secure a lower price, while media commentators struggle to understand the "pause" in a standard M&A context.
Twitter Acquisition Logistics and Odeo History
The financial logistics of the Twitter deal include a $1 billion breakup fee for both Elon Musk and the company. Historical context is provided regarding Twitter's origins as Odeo, a podcasting platform founded by Evan Williams, before it pivoted to micro-blogging using RSS infrastructure. The lack of competing bids from other Silicon Valley giants like Google or Apple is noted as unusual.
Theranos Trial Update, Henry Kissinger Testimony
The Elizabeth Holmes/Theranos trial continues with testimony from investor Sig Mosley. Mosley admitted he relied on a 2014 Fortune Magazine cover story and the recommendation of Henry Kissinger rather than performing his own due diligence. Kissinger reportedly described Holmes as having "special attributes" and an "iron will," which the hosts find humorous given the eventual collapse of the company.
