Elon Musk announced that he terminated the deal to buy Twitter he signed at the end of April 2022 for a value of approximately $44 billion. The billionaire claims that the social network executives didn’t provide the data required by the agreement, in particular those relating to the fake profiles used by spammers. His position was explained in a letter sent on his behalf by a lawyer to the Securities and Exchange Commission (SEC), the authority that oversees the American stock exchange. Twitter executives have announced plans to sue Elon Musk, so the story is far from over.
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Twitter’s board of directors accepted Elon Musk’s offer to buy the social network for $54.2 a share in a $44 billion deal. One consequence will be that Twitter will be a private company again leaving the Wall Street Stock Exchange. In early April, Musk bought 9.2% of the social network but decided not to join its board. Now, his stated goal is to change Twitter to ensure free speech, which he sees as a bedrock of democracy.
On August 25, 1991, Linus Torvalds (photo ©Krd) announced in a message on the comp.os.minix newsgroup the project of a new operating system that actually diverged considerably from Minix. Unhappy with the Minix license, Torvalds adopted a license from the GNU project, the GPL, which seemed to him free enough. After a few weeks, the first Linux kernel was released. The availability of various components released by the GNU project and the contributions of several people who joined the project helped to spread it. Thirty years later, Linux is being used by virtually everyone in one way or another, even if only a small minority realize it.
On Tuesday, a lot of websites worldwide suffered malfunctions that led to some parts missing up to being impossible to connect to them. That was due to a serious problem of Fastly, a CDN (Content Delivery Network o Content Distribution Network) supplier, which means a service that normally allows faster access to a website. The problem started when it was night in the USA with consequences all around the world then it was solved about an hour after being recognized at Fastly. The trouble didn’t last long but show how something going bad in the system of a very important Internet operator can have consequences on a lot of websites. In this case, it was a bug introduced in a recent update that was supposed to be discovered before it caused any damage.
PayPal has announced that from 2021 it will support payments through some cryptocurrencies, which in the initial phase will be Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). To integrate this new management into its systems, for the legal part it obtained a conditional license for cryptocurrencies, the one known as BitLicense, by the New York State Department of Financial Services, and for the technical part it signed an agreement with Paxos, a known provider of cryptocurrency services and products. Initially, this new support will be limited to customers in the USA, but PayPal plans to extend it to other countries later in the year.