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Welcome to the Daily Crunch for Thursday, April 14, 2022!
As we put this together, we are listening to TED’s Chris Anderson interview with Elon Musk about his attempt to buy Twitter. There will be many viewpoints on this coming fast and furious. One example is Taylor’s hot take, which can be summarized as face-palming so hard that we’re a little worried she might need medical attention. For now, all we know is that Musk shared he is “unsure” whether his takeover bid will succeed, and if it doesn’t, he has a “Plan B.”
Looking for an excuse to wander away from Twitter? Found, the TechCrunch podcast where founders talk about the stories behind their startups, is nominated for a Webby for best technology podcast! We got our votes in, but we’d love your help, too. Cast your vote before April 21! – Christine and Haje
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‘How is Twitter doing?’: That was one of Alex’s questions today as he examined the social media giant’s performance and stock prices in light of Elon Musk’s unsolicited bid — can we keep calling it that even though it probably surprised no one? Anyway, the company is doing “pretty well,” Alex reports, but as to Musk’s bid of a “38% premium over the day before [his] investment was publicly announced”? Alex says that “what we should care about is not precisely the sheer premium between pre-Musk and post-Musk Twitter...
Read Full Story: https://techcrunch.com/2022/04/14/daily-crunch-elon-musk-sets-sights-on-twitter-with-unsolicited-43b-takeover-bid/
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