Elon Musk sets his sights on Twitter with an unsolicited $43 billion takeover bid – TechCrunch
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Welcome to the Daily Meeting on Thursday, April 14, 2022!
As we put this together, we’re listening Chris Anderson’s Interview with TED’s Elon Musk About his attempt to buy Twitter. There will be many views on this quickness and ferocity. An example is Taylorhot, which can be summed up as too tough face that we are a bit concerned that she may need medical attention. For now, all we know is that Musk shared that he is “not sure” whether his takeover will be successful and if not, he has a “Plan B”.
Looking for an excuse to wander away from Twitter? Find, the TechCrunch podcast where founders talk about the stories behind their startups, was nominated for a Webby Award for best tech podcast! We voted, but we also want your help. Vote by April 21! – Christine and Haje
TechCrunch’s Top 3
- ‘How is Twitter doing?’: It’s one of those AlexToday’s question as he examines the social media giant’s performance and stock price against an unsolicited Elon Musk bid – can we keep calling it that despite it? may not surprise anyone? Anyway, the company is doing “pretty well,” Alex reports, but according to Musk’s bid of “38% premium over the previous day.” [his] investment has been publicly announced”? Alex said that “what we should be concerned with is not exactly the absolute value between pre-Musk and post-Musk Twitter values; Instead, we should look at the company’s value, and then stack it against Musk’s number. “What might explain some of that is something we also learned in Musk’s interview: “Don’t care about the economics” of buying Twitter. However, Alex still thinks “the offer doesn’t seem big enough to be taken seriously. Let’s throw another 10 billion dollars in there and then let’s talk”.
- WhatsApp throws its weight on the community: We’re sure many people already use WhatsApp to connect with a larger community, but now the Meta-owned service is formalizing that a bit more with a new “Communities” feature that includes includes more support for file sharing, the ability to make group calls with up to 31 other people, administration tools and moderation controls. The nice thing is that you can link an existing group instead of starting over.
- Zaraye small round squid from some big players: It’s been an exciting few years for anyone in need of raw materials, and no country seems immune to shortages. Pakistan’s Zaraye wants to change that with a platform that connects manufacturers directly with suppliers. Tiger Global (making its first pre-seed investment in a Pakistani startup, we report) and Zayn are shipping their rides to the company, so we’re excited to follow. .
Start-ups and VC
Lots of movement in mobility (if not, is it called immobility?) nowadays. Electric vehicles are leading the way at the World Car Awards. Meanwhile, Vinfast announced that it wanted to sell cars but leased batteries, making Rebecca wonder if that will work. Finally, the Chrysler brand is beginning to transition to EV-dom (as Kirsten reported this early year), shows off its pretty vibrant Airflow EV crossover concept.
From our place-to-place desk, we’re moving lots of parcels around. Backbone wants to make package delivery more like a Wi-Fi network That sounds like a recipe for total chaos to me. However, it would be smart if they could make it work! Also, whether you like Amazon or hate it, you have to give them credit because their supply chain technology is so well-rounded. Shipium wants to give other e-commerce retailers access to equivalent tools.
Let’s make a cannon into the boot pond:
8 cannabis investors share their outlook on the European market for the first 6 months of 2022
Europe is gearing up to make the US the world’s largest cannabis market as countries like the UK and Germany work to legalize adult recreational use of the flower.
But the regulatory landscape is similar on both sides – like the US, laws on cannabis use vary between EU member states, leaving companies to navigate a complex regulatory framework.
Still, investors see hope: Medical cannabis is gaining momentum, and because cannabis is not illegal at the federal level across the EU, companies are free to sell their products. they cross the border.
For our latest survey, we spoke to eight investors who are actively signing checks for cannabis tech companies. In addition to sharing their investment thesis, they tell us what they’re looking for, how they measure success, and how best startups can get their attention.
We talked to:
- Todd Harrison, Founding Partner and CIO, CB1 Capital Management
- Yoni Meyer, partner, Casa Verde Capital
- Viken Douzdjian, Managing Partner and Co-Founder, Argonautic Ventures
- David Bonnier, founding partner, Enexis AB
- Will Gibbs, Principal, Octopus Ventures
- Oliver Lamb, co-founder and chief investment officer, Óskare Capital
- Leah Fletcher, Founder and Director, Arbutus . Innovation Center
- will.i.am, investor, Sanity Group
(TechCrunch+ is our membership program that helps founders and startup teams rise to the top. You can register here.)
Big Tech Inc.
Continuing with what feels like a mobile theme today, Uber suspends operations in Tanzaniacited an unprepared regulatory environment.
And, speaking of “community, Tinder Launches a New Feature Called “Festival Mode” that allows users to connect with each other before a big concert or, you guessed it, a festival. The dating app is partnering with Live Nation and event producers AEG Presents and Superstruct Entertainment, which means this will make a huge net.
In the comments, both Reddit and TikTok have some news: Reddit is rolling out the ability to search commentsso you don’t have to click on several comments to find topics that interest you. While, TikTok is testing a feature that would allow a user to essentially dislike an “irrelevant or inappropriate” comment and make it private without the commenter knowing what happened.
Here are a few others we think you might like today: